BILLIAUX: 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.
BILLIAUX
Largest movements
- Receivables within one year +€58,947
up €58,947 (+59.1%), from €99,711 to €158,658
of which Trade receivables: +€68,089
- Cash -€32,480
down €32,480 (-41.1%), from €78,993 to €46,513
mainly Receivables within one year (-€58,947) and Investment in fixed assets (net) (-€46,674)
- Stocks and contracts -€19,000
down €19,000 (-13.9%), from €137,000 to €118,000
of which Contracts in progress: -€16,000
- Tangible fixed assets -€18,992
down €18,992 (-3.7%), from €520,279 to €501,286
of which Land and buildings: -€9,815
- Reserves +€41,684
up €41,684 (+108%), from €38,555 to €80,239
- Debts after one year -€31,741
down €31,741 (-15.5%), from €205,157 to €173,416
- Trade debts -€28,888
down €28,888 (-76.3%), from €37,847 to €8,959
- Gross operating margin +€93,998
up €93,998 (+31.9%), from €294,925 to €388,922
- Staff costs +€17,573
up €17,573 (+7.9%), from €221,068 to €238,640
- Taxes +€16,116
new in 2025: €16,116
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 | €848,489 | €838,640 | -€9,849 | -1.2% |
| Fixed assets | 21/28 | €524,488 | €505,495 | -€18,992 | -3.6% |
| Tangible fixed assets | 22/27 | €520,279 | €501,286 | -€18,992 | -3.7% |
| Land and buildings | 22 | €414,850 | €405,034 | -€9,815 | -2.4% |
| Plant, machinery and equipment | 23 | €13,566 | €9,673 | -€3,892 | -28.7% |
| Furniture and vehicles | 24 | €91,863 | €86,579 | -€5,285 | -5.8% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Financial fixed assets | 28 | €4,209 | €4,209 | = | 0.0% |
| Current assets | 29/58 | €324,001 | €333,145 | +€9,143 | +2.8% |
| Stocks and contracts in progress | 3 | €137,000 | €118,000 | -€19,000 | -13.9% |
| Stocks | 30/36 | €106,000 | €103,000 | -€3,000 | -2.8% |
| Contracts in progress | 37 | €31,000 | €15,000 | -€16,000 | -51.6% |
| Amounts receivable within one year | 40/41 | €99,711 | €158,658 | +€58,947 | +59.1% |
| Trade receivables | 40 | €79,198 | €147,288 | +€68,089 | +86.0% |
| Other amounts receivable | 41 | €20,513 | €11,371 | -€9,142 | -44.6% |
| Cash at bank and in hand | 54/58 | €78,993 | €46,513 | -€32,480 | -41.1% |
| Deferred charges and accrued income | 490/1 | €8,297 | €9,973 | +€1,676 | +20.2% |
| Total equity and liabilities | 10/49 | €848,489 | €838,640 | -€9,849 | -1.2% |
| Equity | 10/15 | €429,399 | €478,923 | +€49,524 | +11.5% |
| Contributions | 10/11 | €120,000 | €127,316 | +€7,316 | +6.1% |
| Reserves | 13 | €38,555 | €80,239 | +€41,684 | +108% |
| Distributable reserves | 133 | €38,555 | €80,239 | +€41,684 | +108% |
| Profit (loss) carried forward | 14 | €270,844 | €271,368 | +€524 | +0.2% |
| Amounts payable | 17/49 | €419,090 | €359,717 | -€59,373 | -14.2% |
| Amounts payable after more than one year | 17 | €205,157 | €173,416 | -€31,741 | -15.5% |
| Financial debts | 170/4 | €205,157 | €173,416 | -€31,741 | -15.5% |
| Amounts payable within one year | 42/48 | €213,932 | €186,301 | -€27,632 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €65,372 | €57,943 | -€7,429 | -11.4% |
| Financial debts | 43 | €1,280 | - | -€1,280 | |
| Credit institutions | 430/8 | €1,280 | - | -€1,280 | |
| Trade debts | 44 | €37,847 | €8,959 | -€28,888 | -76.3% |
| Suppliers | 440/4 | €37,847 | €8,959 | -€28,888 | -76.3% |
| Taxes, remuneration and social security | 45 | €19,486 | €27,309 | +€7,823 | +40.1% |
| Taxes | 450/3 | €6,522 | €13,917 | +€7,396 | +113% |
| Remuneration and social security | 454/9 | €12,965 | €13,391 | +€427 | +3.3% |
| Other amounts payable | 47/48 | €89,948 | €92,090 | +€2,142 | +2.4% |
| Remuneration, social security and pensions | 62 | €221,068 | €238,640 | +€17,573 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,674 | €65,666 | +€1,993 | +3.1% |
| Other operating charges | 640/8 | €13,187 | €12,254 | -€933 | -7.1% |
| Gross operating margin | 9900 | €294,925 | €388,922 | +€93,998 | +31.9% |
| Operating profit (loss) | 9901 | -€3,004 | €72,361 | +€75,365 | |
| Financial income | 75/76B | €15 | €0 | -€15 | -98.7% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -98.7% |
| Financial charges | 65/66B | €5,517 | €6,722 | +€1,205 | +21.8% |
| Recurring financial charges | 65 | €5,517 | €6,722 | +€1,205 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,506 | €65,640 | +€74,145 | |
| Income taxes | 67/77 | - | €16,116 | +€16,116 | |
| Profit (loss) for the period | 9904 | -€8,506 | €49,524 | +€58,030 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,506 | €49,524 | +€58,030 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.