BILLEX: 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.
BILLEX
Largest movements
- Tangible fixed assets -€71,529
down €71,529 (-3.1%), from €2.3m to €2.2m
of which Land and buildings: -€82,657
- Short-term financial debts -€322,180
down €322,180 (-93.0%), from €346,503 to €24,323
- Reserves +€160,375
up €160,375 (+25.8%), from €622,740 to €783,115
of which Distributable reserves: +€126,646
- Debts after one year +€88,915
up €88,915 (+13.5%), from €660,361 to €749,277
- Other debts -€49,552
down €49,552 (-29.0%), from €171,153 to €121,600
- Current portion of long-term debt +€27,045
up €27,045 (+15.1%), from €179,214 to €206,259
- Gross operating margin +€23,430
up €23,430 (+7.5%), from €311,235 to €334,665
- Financial charges -€11,393
down €11,393 (-25.4%), from €44,868 to €33,475
- Taxes -€3,995
down €3,995 (-6.3%), from €63,097 to €59,102
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 | €2,366,727 | €2,297,323 | -€69,403 | -2.9% |
| Fixed assets | 21/28 | €2,288,529 | €2,217,001 | -€71,529 | -3.1% |
| Tangible fixed assets | 22/27 | €2,288,527 | €2,216,999 | -€71,529 | -3.1% |
| Land and buildings | 22 | €2,287,547 | €2,204,890 | -€82,657 | -3.6% |
| Plant, machinery and equipment | 23 | €980 | €12,109 | +€11,128 | +1135.2% |
| Financial fixed assets | 28 | €2 | €2 | = | 0.0% |
| Current assets | 29/58 | €78,197 | €80,323 | +€2,125 | +2.7% |
| Stocks and contracts in progress | 3 | €7,460 | €7,460 | = | 0.0% |
| Stocks | 30/36 | €7,460 | €7,460 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €943 | €21,020 | +€20,077 | +2129.9% |
| Other amounts receivable | 41 | €943 | €21,020 | +€20,077 | +2129.9% |
| Cash at bank and in hand | 54/58 | €69,794 | €51,843 | -€17,952 | -25.7% |
| Total equity and liabilities | 10/49 | €2,366,727 | €2,297,323 | -€69,403 | -2.9% |
| Equity | 10/15 | €950,719 | €1,111,094 | +€160,375 | +16.9% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €622,740 | €783,115 | +€160,375 | +25.8% |
| Non-distributable reserves | 130/1 | €5,900 | €5,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,900 | €5,900 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €33,729 | +€33,729 | |
| Distributable reserves | 133 | €616,840 | €743,486 | +€126,646 | +20.5% |
| Profit (loss) carried forward | 14 | €237,979 | €237,979 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €11,243 | +€11,243 | |
| Deferred taxes | 168 | - | €11,243 | +€11,243 | |
| Amounts payable | 17/49 | €1,416,008 | €1,174,986 | -€241,021 | -17.0% |
| Amounts payable after more than one year | 17 | €660,361 | €749,277 | +€88,915 | +13.5% |
| Financial debts | 170/4 | €660,361 | €749,277 | +€88,915 | +13.5% |
| Amounts payable within one year | 42/48 | €707,117 | €374,717 | -€332,400 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €179,214 | €206,259 | +€27,045 | +15.1% |
| Financial debts | 43 | €346,503 | €24,323 | -€322,180 | -93.0% |
| Other loans | 439 | €346,503 | €24,323 | -€322,180 | -93.0% |
| Trade debts | 44 | €3,130 | €19,523 | +€16,393 | +523.7% |
| Suppliers | 440/4 | €3,130 | €19,523 | +€16,393 | +523.7% |
| Taxes, remuneration and social security | 45 | €7,116 | €3,012 | -€4,105 | -57.7% |
| Taxes | 450/3 | €7,116 | €3,012 | -€4,105 | -57.7% |
| Other amounts payable | 47/48 | €171,153 | €121,600 | -€49,552 | -29.0% |
| Accrued charges and deferred income | 492/3 | €48,529 | €50,993 | +€2,463 | +5.1% |
| Non-recurring operating income | 76A | - | €44,972 | +€44,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,478 | €63,695 | +€217 | +0.3% |
| Other operating charges | 640/8 | €4,785 | €6,776 | +€1,991 | +41.6% |
| Gross operating margin | 9900 | €311,235 | €334,665 | +€23,430 | +7.5% |
| Operating profit (loss) | 9901 | €242,971 | €264,194 | +€21,223 | +8.7% |
| Financial income | 75/76B | €200 | - | -€200 | |
| Recurring financial income | 75 | €200 | - | -€200 | |
| Financial charges | 65/66B | €44,868 | €33,475 | -€11,393 | -25.4% |
| Recurring financial charges | 65 | €44,868 | €33,475 | -€11,393 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €198,303 | €230,719 | +€32,416 | +16.3% |
| Transfer to deferred taxes | 680 | - | €11,243 | +€11,243 | |
| Income taxes | 67/77 | €63,097 | €59,102 | -€3,995 | -6.3% |
| Profit (loss) for the period | 9904 | €135,207 | €160,375 | +€25,168 | +18.6% |
| Transfer to tax-exempt reserves | 689 | - | €33,729 | +€33,729 | |
| Profit (loss) for the period to be appropriated | 9905 | €135,207 | €126,646 | -€8,561 | -6.3% |
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 10 October 2026 via checked.be.