Bilinvest: 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.
Bilinvest
Largest movements
- Stocks and contracts -€976,452
down €976,452 (-48.1%), from €2.0m to €1.1m
- Cash +€73,604
up €73,604 (+1,927%), from €3,820 to €77,424
mainly Stocks and contracts (+€976,452) and Net result for the year (+€80,561)
- Receivables within one year +€71,813
new in 2025: €71,813
of which Trade receivables: +€62,000
- Debts after one year -€889,248
down €889,248 (-51.1%), from €1.7m to €849,739
- Reserves +€80,561
up €80,561 (+61.5%), from €131,025 to €211,586
- Other debts -€54,354
down €54,354 (-44.1%), from €123,254 to €68,900
- Short-term financial debts +€25,071
new in 2025: €25,071
- Current portion of long-term debt +€21,936
new in 2025: €21,936
- Gross operating margin -€90,229
down €90,229 (-36.0%), from €250,288 to €160,060
- Other operating charges -€41,973
down €41,973 (-90.4%), from €46,429 to €4,456
- Financial charges -€13,391
down €13,391 (-19.6%), from €68,285 to €54,894
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 | €2,037,556 | €1,205,955 | -€831,601 | -40.8% |
| Fixed assets | 21/28 | €0 | €1,300 | +€1,300 | |
| Tangible fixed assets | 22/27 | €0 | €1,300 | +€1,300 | |
| Land and buildings | 22 | €0 | - | = | |
| Other tangible fixed assets | 26 | - | €1,300 | +€1,300 | |
| Current assets | 29/58 | €2,037,556 | €1,204,655 | -€832,901 | -40.9% |
| Stocks and contracts in progress | 3 | €2,029,965 | €1,053,514 | -€976,452 | -48.1% |
| Stocks | 30/36 | €2,029,965 | €1,053,514 | -€976,452 | -48.1% |
| Amounts receivable within one year | 40/41 | - | €71,813 | +€71,813 | |
| Trade receivables | 40 | - | €62,000 | +€62,000 | |
| Other amounts receivable | 41 | - | €9,813 | +€9,813 | |
| Cash at bank and in hand | 54/58 | €3,820 | €77,424 | +€73,604 | +1,927% |
| Deferred charges and accrued income | 490/1 | €3,770 | €1,904 | -€1,866 | -49.5% |
| Total equity and liabilities | 10/49 | €2,037,556 | €1,205,955 | -€831,601 | -40.8% |
| Equity | 10/15 | €151,025 | €231,586 | +€80,561 | +53.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €131,025 | €211,586 | +€80,561 | +61.5% |
| Distributable reserves | 133 | €131,025 | €211,586 | +€80,561 | +61.5% |
| Amounts payable | 17/49 | €1,886,530 | €974,368 | -€912,162 | -48.4% |
| Amounts payable after more than one year | 17 | €1,738,987 | €849,739 | -€889,248 | -51.1% |
| Financial debts | 170/4 | €1,738,987 | €849,739 | -€889,248 | -51.1% |
| Amounts payable within one year | 42/48 | €147,544 | €124,629 | -€22,914 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | - | €21,936 | +€21,936 | |
| Financial debts | 43 | - | €25,071 | +€25,071 | |
| Credit institutions | 430/8 | - | €25,071 | +€25,071 | |
| Trade debts | 44 | €2,353 | €8,722 | +€6,369 | +271% |
| Suppliers | 440/4 | €2,353 | €8,722 | +€6,369 | +271% |
| Taxes, remuneration and social security | 45 | €21,936 | €0 | -€21,936 | -100% |
| Taxes | 450/3 | €21,936 | €0 | -€21,936 | -100% |
| Other amounts payable | 47/48 | €123,254 | €68,900 | -€54,354 | -44.1% |
| Other operating charges | 640/8 | €46,429 | €4,456 | -€41,973 | -90.4% |
| Gross operating margin | 9900 | €250,288 | €160,060 | -€90,229 | -36.0% |
| Operating profit (loss) | 9901 | €203,859 | €155,604 | -€48,255 | -23.7% |
| Financial income | 75/76B | €8 | €38 | +€30 | +392% |
| Recurring financial income | 75 | €8 | €38 | +€30 | +392% |
| Financial charges | 65/66B | €68,285 | €54,894 | -€13,391 | -19.6% |
| Recurring financial charges | 65 | €68,285 | €54,894 | -€13,391 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €135,582 | €100,748 | -€34,834 | -25.7% |
| Income taxes | 67/77 | €21,936 | €20,187 | -€1,749 | -8.0% |
| Profit (loss) for the period | 9904 | €113,646 | €80,561 | -€33,085 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €113,646 | €80,561 | -€33,085 | -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 15 October 2026 via checked.be.