Billau: 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.
Billau
Largest movements
- Receivables within one year +€13,701
up €13,701 (+330.0%), from €4,151 to €17,852
of which Trade receivables: +€8,510
- Tangible fixed assets +€5,236
up €5,236 (+10.5%), from €49,638 to €54,874
of which Land and buildings: +€3,417
- Reserves +€37,224
up €37,224 (+140.5%), from €26,492 to €63,716
of which Distributable reserves: +€37,224
- Trade debts -€16,927
down €16,927 (-59.3%), from €28,537 to €11,610
of which Suppliers: -€24,375
- Tax, wage and social debts +€12,725
up €12,725 (+49.0%), from €25,986 to €38,711
of which Taxes: +€15,758
- Debts after one year -€6,424
down €6,424 (-22.0%), from €29,187 to €22,763
- Gross operating margin +€37,708
up €37,708 (+45.8%), from €82,257 to €119,965
- Taxes +€11,492
up €11,492 (+118.5%), from €9,697 to €21,189
- Financial charges +€1,826
up €1,826 (+46.3%), from €3,943 to €5,769
- Other operating charges +€1,682
up €1,682 (+31.5%), from €5,338 to €7,020
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.
Cash bridge derived
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 | €322,859 | €348,575 | +€25,716 | +8.0% |
| Fixed assets | 21/28 | €49,638 | €54,874 | +€5,236 | +10.5% |
| Tangible fixed assets | 22/27 | €49,638 | €54,874 | +€5,236 | +10.5% |
| Land and buildings | 22 | €40,000 | €43,417 | +€3,417 | +8.5% |
| Plant, machinery and equipment | 23 | €8,306 | €10,780 | +€2,475 | +29.8% |
| Furniture and vehicles | 24 | €1,332 | €677 | -€655 | -49.2% |
| Current assets | 29/58 | €273,221 | €293,701 | +€20,480 | +7.5% |
| Stocks and contracts in progress | 3 | €247,076 | €249,325 | +€2,249 | +0.9% |
| Stocks | 30/36 | €247,076 | €249,325 | +€2,249 | +0.9% |
| Amounts receivable within one year | 40/41 | €4,151 | €17,852 | +€13,701 | +330.0% |
| Trade receivables | 40 | €1,491 | €10,000 | +€8,510 | +570.8% |
| Other amounts receivable | 41 | €2,660 | €7,852 | +€5,192 | +195.1% |
| Cash at bank and in hand | 54/58 | €16,679 | €18,607 | +€1,928 | +11.6% |
| Deferred charges and accrued income | 490/1 | €5,315 | €7,917 | +€2,602 | +48.9% |
| Total equity and liabilities | 10/49 | €322,859 | €348,575 | +€25,716 | +8.0% |
| Equity | 10/15 | €174,917 | €212,141 | +€37,224 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,492 | €63,716 | +€37,224 | +140.5% |
| Non-distributable reserves | 130/1 | €2,866 | €2,866 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,866 | €2,866 | = | 0.0% |
| Distributable reserves | 133 | €23,626 | €60,851 | +€37,224 | +157.6% |
| Profit (loss) carried forward | 14 | €129,825 | €129,825 | = | 0.0% |
| Amounts payable | 17/49 | €147,942 | €136,434 | -€11,508 | -7.8% |
| Amounts payable after more than one year | 17 | €29,187 | €22,763 | -€6,424 | -22.0% |
| Financial debts | 170/4 | €29,187 | €22,763 | -€6,424 | -22.0% |
| Amounts payable within one year | 42/48 | €118,755 | €113,671 | -€5,084 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €6,090 | €6,424 | +€334 | +5.5% |
| Trade debts | 44 | €28,537 | €11,610 | -€16,927 | -59.3% |
| Suppliers | 440/4 | €28,422 | €4,048 | -€24,375 | -85.8% |
| Bills of exchange payable | 441 | €115 | €7,562 | +€7,447 | +6487.7% |
| Taxes, remuneration and social security | 45 | €25,986 | €38,711 | +€12,725 | +49.0% |
| Taxes | 450/3 | €16,788 | €32,545 | +€15,758 | +93.9% |
| Remuneration and social security | 454/9 | €9,199 | €6,166 | -€3,033 | -33.0% |
| Other amounts payable | 47/48 | €58,142 | €56,926 | -€1,216 | -2.1% |
| Remuneration, social security and pensions | 62 | €42,391 | €43,224 | +€833 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,463 | €4,160 | +€697 | +20.1% |
| Other operating charges | 640/8 | €5,338 | €7,020 | +€1,682 | +31.5% |
| Non-recurring operating charges | 66A | - | €1,413 | +€1,413 | |
| Gross operating margin | 9900 | €82,257 | €119,965 | +€37,708 | +45.8% |
| Operating profit (loss) | 9901 | €31,065 | €64,148 | +€33,083 | +106.5% |
| Financial income | 75/76B | €272 | €35 | -€238 | -87.3% |
| Recurring financial income | 75 | €272 | €35 | -€238 | -87.3% |
| Financial charges | 65/66B | €3,943 | €5,769 | +€1,826 | +46.3% |
| Recurring financial charges | 65 | €3,943 | €5,769 | +€1,826 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €27,394 | €58,413 | +€31,019 | +113.2% |
| Income taxes | 67/77 | €9,697 | €21,189 | +€11,492 | +118.5% |
| Profit (loss) for the period | 9904 | €17,697 | €37,224 | +€19,527 | +110.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,697 | €37,224 | +€19,527 | +110.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.