BILLIAU PROJECTS: 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.
BILLIAU PROJECTS
Largest movements
- Tangible fixed assets -€52,353
down €52,353 (-33.3%), from €156,995 to €104,642
of which Furniture and vehicles: -€50,190
- Receivables within one year -€26,199
down €26,199 (-33.5%), from €78,204 to €52,005
of which Trade receivables: -€31,406
- Debts after one year -€38,950
down €38,950 (-36.6%), from €106,277 to €67,327
- Other debts -€23,341
down €23,341 (-73.6%), from €31,698 to €8,358
- Short-term financial debts -€11,527
down €11,527 (-40.2%), from €28,684 to €17,157
of which Other loans: -€10,316
- Current portion of long-term debt +€8,214
up €8,214 (+21.7%), from €37,908 to €46,121
- Tax, wage and social debts -€6,624
down €6,624 (-71.6%), from €9,257 to €2,633
of which Remuneration and social security: -€5,221
- Gross operating margin -€23,922
down €23,922 (-26.4%), from €90,569 to €66,647
- Depreciation +€16,491
up €16,491 (+46.0%), from €35,862 to €52,353
- Staff costs -€11,870
down €11,870, from €10,404 to -€1,466
- Taxes -€5,629
down €5,629 (-66.1%), from €8,518 to €2,889
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 | €256,353 | €179,930 | -€76,423 | -29.8% |
| Fixed assets | 21/28 | €158,020 | €105,667 | -€52,353 | -33.1% |
| Tangible fixed assets | 22/27 | €156,995 | €104,642 | -€52,353 | -33.3% |
| Land and buildings | 22 | €1,260 | €1,100 | -€160 | -12.7% |
| Plant, machinery and equipment | 23 | €1,725 | €863 | -€861 | -49.9% |
| Furniture and vehicles | 24 | €142,136 | €91,946 | -€50,190 | -35.3% |
| Other tangible fixed assets | 26 | €11,875 | €10,732 | -€1,142 | -9.6% |
| Financial fixed assets | 28 | €1,025 | €1,025 | = | 0.0% |
| Current assets | 29/58 | €98,334 | €74,263 | -€24,070 | -24.5% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €78,204 | €52,005 | -€26,199 | -33.5% |
| Trade receivables | 40 | €44,265 | €12,859 | -€31,406 | -71.0% |
| Other amounts receivable | 41 | €33,940 | €39,147 | +€5,207 | +15.3% |
| Cash at bank and in hand | 54/58 | €1,000 | €1,000 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €4,129 | €6,258 | +€2,129 | +51.6% |
| Total equity and liabilities | 10/49 | €256,353 | €179,930 | -€76,423 | -29.8% |
| Equity | 10/15 | €30,422 | €30,422 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,222 | €24,222 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €20,502 | €20,502 | = | 0.0% |
| Amounts payable | 17/49 | €225,931 | €149,508 | -€76,423 | -33.8% |
| Amounts payable after more than one year | 17 | €106,277 | €67,327 | -€38,950 | -36.6% |
| Financial debts | 170/4 | €106,277 | €67,327 | -€38,950 | -36.6% |
| Amounts payable within one year | 42/48 | €119,654 | €82,180 | -€37,474 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €37,908 | €46,121 | +€8,214 | +21.7% |
| Financial debts | 43 | €28,684 | €17,157 | -€11,527 | -40.2% |
| Credit institutions | 430/8 | €15,868 | €14,657 | -€1,212 | -7.6% |
| Other loans | 439 | €12,816 | €2,500 | -€10,316 | -80.5% |
| Trade debts | 44 | €12,107 | €7,912 | -€4,195 | -34.7% |
| Suppliers | 440/4 | €12,107 | €7,912 | -€4,195 | -34.7% |
| Taxes, remuneration and social security | 45 | €9,257 | €2,633 | -€6,624 | -71.6% |
| Taxes | 450/3 | €4,036 | €2,633 | -€1,403 | -34.8% |
| Remuneration and social security | 454/9 | €5,221 | - | -€5,221 | |
| Other amounts payable | 47/48 | €31,698 | €8,358 | -€23,341 | -73.6% |
| Non-recurring operating income | 76A | €8,445 | - | -€8,445 | |
| Remuneration, social security and pensions | 62 | €10,404 | -€1,466 | -€11,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,862 | €52,353 | +€16,491 | +46.0% |
| Other operating charges | 640/8 | €1,066 | €1,088 | +€22 | +2.0% |
| Non-recurring operating charges | 66A | €39 | - | -€39 | |
| Gross operating margin | 9900 | €90,569 | €66,647 | -€23,922 | -26.4% |
| Operating profit (loss) | 9901 | €43,198 | €14,672 | -€28,525 | -66.0% |
| Financial income | 75/76B | €2,055 | €2,286 | +€231 | +11.2% |
| Recurring financial income | 75 | €2,055 | €2,286 | +€231 | +11.2% |
| Financial charges | 65/66B | €5,037 | €5,712 | +€675 | +13.4% |
| Recurring financial charges | 65 | €5,037 | €5,712 | +€675 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €40,216 | €11,247 | -€28,969 | -72.0% |
| Income taxes | 67/77 | €8,518 | €2,889 | -€5,629 | -66.1% |
| Profit (loss) for the period | 9904 | €31,698 | €8,358 | -€23,341 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,698 | €8,358 | -€23,341 | -73.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.