BILGEERT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BILGEERT
Largest movements
- Tangible fixed assets -€14,398
down €14,398 (-3.0%), from €479,153 to €464,754
- Cash +€6,106
up €6,106 (+87.3%), from €6,996 to €13,102
mainly Net result for the year (+€17,313) and Depreciation (+€14,398)
- Debts after one year -€31,994
down €31,994 (-9.2%), from €349,204 to €317,210
- Profit (loss) carried forward +€17,313
up €17,313, from -€11,757 to €5,556
- Gross operating margin +€4,237
up €4,237 (+11.7%), from €36,265 to €40,502
- Taxes +€2,272
new in 2025: €2,272
- Financial income +€1,394
new in 2025: €1,394
- Financial charges -€623
down €623 (-11.0%), from €5,663 to €5,039
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €486,149 | €477,857 | -€8,293 | -1.7% |
| Fixed assets | 21/28 | €479,153 | €464,754 | -€14,398 | -3.0% |
| Tangible fixed assets | 22/27 | €479,153 | €464,754 | -€14,398 | -3.0% |
| Land and buildings | 22 | €479,153 | €464,754 | -€14,398 | -3.0% |
| Current assets | 29/58 | €6,996 | €13,102 | +€6,106 | +87.3% |
| Cash at bank and in hand | 54/58 | €6,996 | €13,102 | +€6,106 | +87.3% |
| Total equity and liabilities | 10/49 | €486,149 | €477,857 | -€8,293 | -1.7% |
| Equity | 10/15 | €6,843 | €24,156 | +€17,313 | +253% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,757 | €5,556 | +€17,313 | |
| Amounts payable | 17/49 | €479,306 | €453,701 | -€25,605 | -5.3% |
| Amounts payable after more than one year | 17 | €349,204 | €317,210 | -€31,994 | -9.2% |
| Financial debts | 170/4 | €349,204 | €317,210 | -€31,994 | -9.2% |
| Amounts payable within one year | 42/48 | €130,102 | €136,491 | +€6,389 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €31,392 | €32,014 | +€622 | +2.0% |
| Taxes, remuneration and social security | 45 | - | €2,272 | +€2,272 | |
| Taxes | 450/3 | - | €2,272 | +€2,272 | |
| Other amounts payable | 47/48 | €98,710 | €102,205 | +€3,495 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,398 | €14,398 | = | 0.0% |
| Other operating charges | 640/8 | €2,789 | €2,873 | +€84 | +3.0% |
| Gross operating margin | 9900 | €36,265 | €40,502 | +€4,237 | +11.7% |
| Operating profit (loss) | 9901 | €19,077 | €23,230 | +€4,153 | +21.8% |
| Financial income | 75/76B | - | €1,394 | +€1,394 | |
| Recurring financial income | 75 | - | €1,394 | +€1,394 | |
| Financial charges | 65/66B | €5,663 | €5,039 | -€623 | -11.0% |
| Recurring financial charges | 65 | €5,663 | €5,039 | -€623 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €13,414 | €19,585 | +€6,170 | +46.0% |
| Income taxes | 67/77 | - | €2,272 | +€2,272 | |
| Profit (loss) for the period | 9904 | €13,414 | €17,313 | +€3,898 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,414 | €17,313 | +€3,898 | +29.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.