BILITIS: 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.
BILITIS
Largest movements
- Receivables within one year -€103,935
down €103,935 (-98.8%), from €105,161 to €1,227
of which Other amounts receivable: -€103,128
- Cash -€5,354
down €5,354 (-6.7%), from €79,387 to €74,033
mainly Other debts (-€65,702) and Contributions, distributions and other (-€36,860)
- Other debts -€65,702
down €65,702 (-68.5%), from €95,933 to €30,231
- Contributions -€32,000
down €32,000 (-51.6%), from €62,000 to €30,000
- Reserves -€6,051
down €6,051 (-14.5%), from €41,611 to €35,560
- Tax, wage and social debts -€2,549
down €2,549 (-21.8%), from €11,703 to €9,154
of which Taxes: -€2,590
- Gross operating margin -€86,347
down €86,347 (-73.1%), from €118,161 to €31,814
- Staff costs +€7,998
up €7,998 (+45.8%), from €17,448 to €25,446
- Taxes -€3,215
down €3,215 (-86.5%), from €3,717 to €502
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 | €219,746 | €111,175 | -€108,570 | -49.4% |
| Fixed assets | 21/28 | €20,995 | €19,063 | -€1,932 | -9.2% |
| Tangible fixed assets | 22/27 | €20,784 | €18,852 | -€1,932 | -9.3% |
| Land and buildings | 22 | €15,564 | €14,784 | -€780 | -5.0% |
| Plant, machinery and equipment | 23 | €4,596 | €3,939 | -€657 | -14.3% |
| Furniture and vehicles | 24 | €625 | €129 | -€496 | -79.4% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €198,751 | €92,112 | -€106,639 | -53.7% |
| Stocks and contracts in progress | 3 | €11,512 | €12,842 | +€1,331 | +11.6% |
| Stocks | 30/36 | €11,512 | €12,842 | +€1,331 | +11.6% |
| Amounts receivable within one year | 40/41 | €105,161 | €1,227 | -€103,935 | -98.8% |
| Trade receivables | 40 | €1,285 | €478 | -€807 | -62.8% |
| Other amounts receivable | 41 | €103,876 | €749 | -€103,128 | -99.3% |
| Cash at bank and in hand | 54/58 | €79,387 | €74,033 | -€5,354 | -6.7% |
| Deferred charges and accrued income | 490/1 | €2,690 | €4,010 | +€1,320 | +49.0% |
| Total equity and liabilities | 10/49 | €219,746 | €111,175 | -€108,570 | -49.4% |
| Equity | 10/15 | €103,611 | €65,560 | -€38,051 | -36.7% |
| Contributions | 10/11 | €62,000 | €30,000 | -€32,000 | -51.6% |
| Reserves | 13 | €41,611 | €35,560 | -€6,051 | -14.5% |
| Distributable reserves | 133 | €41,611 | €35,560 | -€6,051 | -14.5% |
| Amounts payable | 17/49 | €116,134 | €45,615 | -€70,519 | -60.7% |
| Amounts payable within one year | 42/48 | €111,097 | €41,622 | -€69,475 | -62.5% |
| Trade debts | 44 | €3,461 | €2,236 | -€1,225 | -35.4% |
| Suppliers | 440/4 | €3,461 | €2,236 | -€1,225 | -35.4% |
| Taxes, remuneration and social security | 45 | €11,703 | €9,154 | -€2,549 | -21.8% |
| Taxes | 450/3 | €8,648 | €6,058 | -€2,590 | -29.9% |
| Remuneration and social security | 454/9 | €3,054 | €3,096 | +€41 | +1.3% |
| Other amounts payable | 47/48 | €95,933 | €30,231 | -€65,702 | -68.5% |
| Accrued charges and deferred income | 492/3 | €5,037 | €3,994 | -€1,044 | -20.7% |
| Non-recurring operating income | 76A | €94,413 | - | -€94,413 | |
| Remuneration, social security and pensions | 62 | €17,448 | €25,446 | +€7,998 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,781 | €1,932 | +€151 | +8.5% |
| Other operating charges | 640/8 | €2,917 | €3,006 | +€89 | +3.0% |
| Gross operating margin | 9900 | €118,161 | €31,814 | -€86,347 | -73.1% |
| Operating profit (loss) | 9901 | €96,016 | €1,431 | -€94,585 | -98.5% |
| Financial income | 75/76B | €1,392 | €2,055 | +€662 | +47.6% |
| Recurring financial income | 75 | €1,392 | €2,055 | +€662 | +47.6% |
| Financial charges | 65/66B | €5,269 | €4,175 | -€1,095 | -20.8% |
| Recurring financial charges | 65 | €5,269 | €4,175 | -€1,095 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €92,139 | -€689 | -€92,828 | |
| Income taxes | 67/77 | €3,717 | €502 | -€3,215 | -86.5% |
| Profit (loss) for the period | 9904 | €88,422 | -€1,191 | -€89,613 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,422 | -€1,191 | -€89,613 |
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 16 October 2026 via checked.be.