BILGINVEST: what changed
Two fiscal 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.
BILGINVEST
Largest movements
- Receivables within one year +€42,462
up €42,462 (+93.2%), from €45,537 to €87,999
of which Other amounts receivable: +€27,131
- Deferred charges and accrued income +€35,567
up €35,567 (+14.9%), from €238,619 to €274,187
- Cash -€23,143
no longer reported in 2024 (was €23,143)
mainly Tax, wage and social debts (-€42,995) and Debts after one year (-€42,602)
- Current investments +€17,378
up €17,378 (+20.2%), from €86,236 to €103,615
- Tangible fixed assets -€10,266
down €10,266 (-28.1%), from €36,489 to €26,223
- Reserves +€107,586
up €107,586 (+18.8%), from €570,983 to €678,569
of which Distributable reserves: +€107,586
- Tax, wage and social debts -€42,995
down €42,995 (-52.4%), from €82,081 to €39,086
of which Taxes: -€42,995
- Debts after one year -€42,602
down €42,602 (-75.7%), from €56,284 to €13,683
of which Other amounts payable: -€22,953
- Short-term financial debts +€21,104
new in 2024: €21,104
- Current portion of long-term debt +€13,333
new in 2024: €13,333
- Purchases and services -€108,531
no longer reported in 2024 (was €108,531)
- Financial income +€34,729
new in 2024: €34,729
- Taxes -€17,653
down €17,653 (-39.0%), from €45,240 to €27,587
- Financial charges +€6,728
up €6,728 (+15.7%), from €42,965 to €49,693
- Other operating charges -€4,313
down €4,313 (-90.3%), from €4,777 to €463
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.
Cash bridge derived
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 | €648,662 | €711,661 | +€63,000 | +9.7% |
| Fixed assets | 21/28 | €36,489 | €26,223 | -€10,266 | -28.1% |
| Tangible fixed assets | 22/27 | €36,489 | €26,223 | -€10,266 | -28.1% |
| Furniture and vehicles | 24 | €36,489 | €26,223 | -€10,266 | -28.1% |
| Current assets | 29/58 | €612,173 | €685,438 | +€73,265 | +12.0% |
| Amounts receivable after more than one year | 29 | €218,637 | €219,637 | +€1,000 | +0.5% |
| Other amounts receivable | 291 | €218,637 | €219,637 | +€1,000 | +0.5% |
| Amounts receivable within one year | 40/41 | €45,537 | €87,999 | +€42,462 | +93.2% |
| Trade receivables | 40 | €11,946 | €27,278 | +€15,331 | +128.3% |
| Other amounts receivable | 41 | €33,591 | €60,722 | +€27,131 | +80.8% |
| Current investments | 50/53 | €86,236 | €103,615 | +€17,378 | +20.2% |
| Cash at bank and in hand | 54/58 | €23,143 | - | -€23,143 | |
| Deferred charges and accrued income | 490/1 | €238,619 | €274,187 | +€35,567 | +14.9% |
| Total equity and liabilities | 10/49 | €648,662 | €711,661 | +€63,000 | +9.7% |
| Equity | 10/15 | €490,798 | €598,385 | +€107,586 | +21.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €570,983 | €678,569 | +€107,586 | +18.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €569,123 | €676,709 | +€107,586 | +18.9% |
| Profit (loss) carried forward | 14 | -€86,382 | -€86,382 | = | 0.0% |
| Amounts payable | 17/49 | €157,863 | €113,277 | -€44,587 | -28.2% |
| Amounts payable after more than one year | 17 | €56,284 | €13,683 | -€42,602 | -75.7% |
| Financial debts | 170/4 | €33,016 | €13,367 | -€19,649 | -59.5% |
| Other amounts payable | 178/9 | €23,268 | €315 | -€22,953 | -98.6% |
| Amounts payable within one year | 42/48 | €94,846 | €92,861 | -€1,985 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | - | €13,333 | +€13,333 | |
| Financial debts | 43 | - | €21,104 | +€21,104 | |
| Credit institutions | 430/8 | - | €21,104 | +€21,104 | |
| Trade debts | 44 | €5,506 | €16,918 | +€11,413 | +207.3% |
| Suppliers | 440/4 | €5,506 | €16,918 | +€11,413 | +207.3% |
| Advances received on contracts in progress | 46 | €7,260 | €2,420 | -€4,840 | -66.7% |
| Taxes, remuneration and social security | 45 | €82,081 | €39,086 | -€42,995 | -52.4% |
| Taxes | 450/3 | €81,706 | €38,711 | -€42,995 | -52.6% |
| Remuneration and social security | 454/9 | €374 | €374 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,733 | €6,733 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €108,531 | - | -€108,531 | |
| Remuneration, social security and pensions | 62 | €1,764 | - | -€1,764 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,002 | €10,266 | +€1,264 | +14.0% |
| Other operating charges | 640/8 | €4,777 | €463 | -€4,313 | -90.3% |
| Gross operating margin | 9900 | €159,639 | €160,867 | +€1,228 | +0.8% |
| Operating profit (loss) | 9901 | €144,097 | €150,138 | +€6,041 | +4.2% |
| Financial income | 75/76B | - | €34,729 | +€34,729 | |
| Recurring financial income | 75 | - | €34,729 | +€34,729 | |
| Financial charges | 65/66B | €42,965 | €49,693 | +€6,728 | +15.7% |
| Recurring financial charges | 65 | €42,965 | €49,693 | +€6,728 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €101,132 | €135,174 | +€34,042 | +33.7% |
| Income taxes | 67/77 | €45,240 | €27,587 | -€17,653 | -39.0% |
| Profit (loss) for the period | 9904 | €55,892 | €107,586 | +€51,695 | +92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,892 | €107,586 | +€51,695 | +92.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.