Bilgin Groep: 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.
Bilgin Groep
Largest movements
- Cash +€21,756
up €21,756 (+25.8%), from €84,291 to €106,047
mainly Net result for the year (+€50,370) and Short-term financial debts (+€43,717)
- Receivables within one year +€19,855
up €19,855 (+6.4%), from €309,421 to €329,276
of which Other amounts receivable: +€20,057
- Deferred charges and accrued income +€13,983
new in 2024: €13,983
- Tangible fixed assets -€11,705
down €11,705 (-74.4%), from €15,739 to €4,033
of which Furniture and vehicles: -€10,944
- Reserves +€50,000
up €50,000 (+271%), from €18,435 to €68,435
- Short-term financial debts +€43,717
new in 2024: €43,717
- Current portion of long-term debt -€17,611
down €17,611 (-50.1%), from €35,179 to €17,567
- Debts after one year -€17,563
down €17,563 (-29.5%), from €59,456 to €41,893
- Trade debts -€6,855
down €6,855 (-14.7%), from €46,497 to €39,642
- Gross operating margin -€146,002
down €146,002 (-32.6%), from €447,473 to €301,471
- Staff costs -€33,968
down €33,968 (-12.8%), from €266,240 to €232,272
- Taxes -€16,434
down €16,434 (-43.7%), from €37,650 to €21,215
- Other operating charges -€13,609
down €13,609 (-79.4%), from €17,149 to €3,540
- Financial income +€11,090
up €11,090 (+137%), from €8,116 to €19,206
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,996 | €467,522 | +€46,526 | +11.1% |
| Fixed assets | 21/28 | €15,856 | €4,150 | -€11,705 | -73.8% |
| Tangible fixed assets | 22/27 | €15,739 | €4,033 | -€11,705 | -74.4% |
| Plant, machinery and equipment | 23 | €1,523 | €761 | -€761 | -50.0% |
| Furniture and vehicles | 24 | €14,216 | €3,272 | -€10,944 | -77.0% |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €405,140 | €463,371 | +€58,232 | +14.4% |
| Stocks and contracts in progress | 3 | €11,428 | €14,066 | +€2,638 | +23.1% |
| Stocks | 30/36 | €11,428 | €14,066 | +€2,638 | +23.1% |
| Amounts receivable within one year | 40/41 | €309,421 | €329,276 | +€19,855 | +6.4% |
| Trade receivables | 40 | €202 | - | -€202 | |
| Other amounts receivable | 41 | €309,219 | €329,276 | +€20,057 | +6.5% |
| Cash at bank and in hand | 54/58 | €84,291 | €106,047 | +€21,756 | +25.8% |
| Deferred charges and accrued income | 490/1 | - | €13,983 | +€13,983 | |
| Total equity and liabilities | 10/49 | €420,996 | €467,522 | +€46,526 | +11.1% |
| Equity | 10/15 | €216,124 | €266,494 | +€50,370 | +23.3% |
| Contributions | 10/11 | €9,800 | €9,800 | = | 0.0% |
| Reserves | 13 | €18,435 | €68,435 | +€50,000 | +271% |
| Distributable reserves | 133 | €18,435 | €68,435 | +€50,000 | +271% |
| Profit (loss) carried forward | 14 | €187,889 | €188,259 | +€370 | +0.2% |
| Amounts payable | 17/49 | €204,871 | €201,028 | -€3,844 | -1.9% |
| Amounts payable after more than one year | 17 | €59,456 | €41,893 | -€17,563 | -29.5% |
| Financial debts | 170/4 | €59,456 | €41,893 | -€17,563 | -29.5% |
| Amounts payable within one year | 42/48 | €142,129 | €159,134 | +€17,005 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €35,179 | €17,567 | -€17,611 | -50.1% |
| Financial debts | 43 | - | €43,717 | +€43,717 | |
| Credit institutions | 430/8 | - | €43,717 | +€43,717 | |
| Trade debts | 44 | €46,497 | €39,642 | -€6,855 | -14.7% |
| Suppliers | 440/4 | €46,497 | €39,642 | -€6,855 | -14.7% |
| Taxes, remuneration and social security | 45 | €60,454 | €58,208 | -€2,246 | -3.7% |
| Taxes | 450/3 | €47,013 | €40,116 | -€6,897 | -14.7% |
| Remuneration and social security | 454/9 | €13,441 | €18,092 | +€4,651 | +34.6% |
| Accrued charges and deferred income | 492/3 | €3,286 | - | -€3,286 | |
| Non-recurring operating income | 76A | €26,682 | €15,094 | -€11,588 | -43.4% |
| Remuneration, social security and pensions | 62 | €266,240 | €232,272 | -€33,968 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,549 | €2,799 | -€8,750 | -75.8% |
| Other operating charges | 640/8 | €17,149 | €3,540 | -€13,609 | -79.4% |
| Gross operating margin | 9900 | €447,473 | €301,471 | -€146,002 | -32.6% |
| Operating profit (loss) | 9901 | €152,534 | €62,859 | -€89,675 | -58.8% |
| Financial income | 75/76B | €8,116 | €19,206 | +€11,090 | +137% |
| Recurring financial income | 75 | €8,116 | €19,206 | +€11,090 | +137% |
| Financial charges | 65/66B | €9,157 | €10,480 | +€1,323 | +14.5% |
| Recurring financial charges | 65 | €9,157 | €10,480 | +€1,323 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €151,493 | €71,585 | -€79,908 | -52.7% |
| Income taxes | 67/77 | €37,650 | €21,215 | -€16,434 | -43.7% |
| Profit (loss) for the period | 9904 | €113,844 | €50,370 | -€63,474 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,844 | €50,370 | -€63,474 | -55.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.