BILLEN - VAN LIERDE: 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.
BILLEN - VAN LIERDE
Largest movements
- Current investments +€176,585
up €176,585 (+14.3%), from €1.2m to €1.4m
- Cash +€32,026
up €32,026 (+32.7%), from €97,935 to €129,961
mainly Net result for the year (+€220,748) and Depreciation (+€16,059)
- Reserves +€220,748
up €220,748 (+17.7%), from €1.2m to €1.5m
of which Distributable reserves: +€220,748
- Tax, wage and social debts -€31,391
down €31,391 (-37.7%), from €83,249 to €51,857
- Gross operating margin -€71,752
down €71,752 (-20.8%), from €345,787 to €274,035
- Financial income +€26,532
up €26,532 (+102%), from €25,965 to €52,497
- Taxes -€24,725
down €24,725 (-22.8%), from €108,601 to €83,877
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 | €1,410,924 | €1,599,841 | +€188,917 | +13.4% |
| Fixed assets | 21/28 | €57,325 | €43,797 | -€13,528 | -23.6% |
| Tangible fixed assets | 22/27 | €57,325 | €43,797 | -€13,528 | -23.6% |
| Plant, machinery and equipment | 23 | €2,030 | €3,069 | +€1,039 | +51.2% |
| Furniture and vehicles | 24 | €41,006 | €28,806 | -€12,200 | -29.8% |
| Other tangible fixed assets | 26 | €14,290 | €11,923 | -€2,367 | -16.6% |
| Current assets | 29/58 | €1,353,598 | €1,556,044 | +€202,446 | +15.0% |
| Stocks and contracts in progress | 3 | €164 | €260 | +€95 | +58.2% |
| Stocks | 30/36 | €164 | €260 | +€95 | +58.2% |
| Amounts receivable within one year | 40/41 | €10,596 | €6,693 | -€3,903 | -36.8% |
| Other amounts receivable | 41 | €10,596 | €6,693 | -€3,903 | -36.8% |
| Current investments | 50/53 | €1,238,560 | €1,415,146 | +€176,585 | +14.3% |
| Cash at bank and in hand | 54/58 | €97,935 | €129,961 | +€32,026 | +32.7% |
| Deferred charges and accrued income | 490/1 | €6,343 | €3,985 | -€2,358 | -37.2% |
| Total equity and liabilities | 10/49 | €1,410,924 | €1,599,841 | +€188,917 | +13.4% |
| Equity | 10/15 | €1,306,343 | €1,527,090 | +€220,748 | +16.9% |
| Contributions | 10/11 | €62,250 | €62,250 | = | 0.0% |
| Capital | 10 | €62,250 | €62,250 | = | 0.0% |
| Issued capital | 100 | €62,250 | €62,250 | = | 0.0% |
| Reserves | 13 | €1,244,093 | €1,464,840 | +€220,748 | +17.7% |
| Non-distributable reserves | 130/1 | €6,225 | €6,225 | = | 0.0% |
| Legal reserve | 130 | €6,225 | €6,225 | = | 0.0% |
| Distributable reserves | 133 | €1,237,868 | €1,458,615 | +€220,748 | +17.8% |
| Amounts payable | 17/49 | €104,581 | €72,751 | -€31,830 | -30.4% |
| Amounts payable within one year | 42/48 | €96,732 | €65,931 | -€30,801 | -31.8% |
| Trade debts | 44 | €13,484 | €14,074 | +€590 | +4.4% |
| Suppliers | 440/4 | €13,484 | €14,074 | +€590 | +4.4% |
| Taxes, remuneration and social security | 45 | €83,249 | €51,857 | -€31,391 | -37.7% |
| Taxes | 450/3 | €83,249 | €51,857 | -€31,391 | -37.7% |
| Accrued charges and deferred income | 492/3 | €7,849 | €6,820 | -€1,029 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,273 | €16,059 | +€786 | +5.1% |
| Other operating charges | 640/8 | €1,790 | €1,157 | -€633 | -35.4% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €345,787 | €274,035 | -€71,752 | -20.8% |
| Operating profit (loss) | 9901 | €328,724 | €256,761 | -€71,963 | -21.9% |
| Financial income | 75/76B | €25,965 | €52,497 | +€26,532 | +102% |
| Recurring financial income | 75 | €25,965 | €52,497 | +€26,532 | +102% |
| Financial charges | 65/66B | €1,200 | €4,634 | +€3,434 | +286% |
| Recurring financial charges | 65 | €1,200 | €4,634 | +€3,434 | +286% |
| Profit (loss) for the period before taxes | 9903 | €353,489 | €304,624 | -€48,865 | -13.8% |
| Income taxes | 67/77 | €108,601 | €83,877 | -€24,725 | -22.8% |
| Profit (loss) for the period | 9904 | €244,888 | €220,748 | -€24,140 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €244,888 | €220,748 | -€24,140 | -9.9% |
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 20 October 2026 via checked.be.