Billie & Bolo: 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.
Billie & Bolo
Largest movements
- Tangible fixed assets -€27,895
down €27,895 (-9.3%), from €299,420 to €271,526
of which Other tangible fixed assets: -€22,053
- Intangible fixed assets -€15,000
down €15,000 (-11.2%), from €133,361 to €118,361
- Stocks and contracts +€12,761
up €12,761 (+49.8%), from €25,635 to €38,396
- Debts after one year -€108,968
down €108,968 (-26.8%), from €406,323 to €297,355
of which Other amounts payable: -€80,000
- Reserves +€45,803
new in 2025: €45,803
- Trade debts +€13,786
up €13,786 (+14.6%), from €94,421 to €108,207
- Profit (loss) carried forward +€8,965
no longer reported in 2025 (was -€8,965)
- Tax, wage and social debts +€7,302
up €7,302 (+5.5%), from €133,559 to €140,861
of which Remuneration and social security: +€4,305
- Gross operating margin +€133,547
up €133,547 (+19.6%), from €682,117 to €815,663
- Staff costs +€62,843
up €62,843 (+10.2%), from €613,889 to €676,732
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 | €704,380 | €665,657 | -€38,723 | -5.5% |
| Fixed assets | 21/28 | €437,250 | €389,886 | -€47,364 | -10.8% |
| Intangible fixed assets | 21 | €133,361 | €118,361 | -€15,000 | -11.2% |
| Tangible fixed assets | 22/27 | €299,420 | €271,526 | -€27,895 | -9.3% |
| Plant, machinery and equipment | 23 | €16,704 | €12,693 | -€4,011 | -24.0% |
| Furniture and vehicles | 24 | €7,409 | €5,579 | -€1,830 | -24.7% |
| Other tangible fixed assets | 26 | €275,308 | €253,255 | -€22,053 | -8.0% |
| Financial fixed assets | 28 | €4,469 | - | -€4,469 | |
| Current assets | 29/58 | €267,130 | €275,771 | +€8,641 | +3.2% |
| Stocks and contracts in progress | 3 | €25,635 | €38,396 | +€12,761 | +49.8% |
| Stocks | 30/36 | €25,635 | €38,396 | +€12,761 | +49.8% |
| Amounts receivable within one year | 40/41 | €1,077 | €510 | -€567 | -52.7% |
| Trade receivables | 40 | €1,077 | €510 | -€567 | -52.7% |
| Cash at bank and in hand | 54/58 | €238,420 | €234,345 | -€4,074 | -1.7% |
| Deferred charges and accrued income | 490/1 | €1,999 | €2,520 | +€521 | +26.0% |
| Total equity and liabilities | 10/49 | €704,380 | €665,657 | -€38,723 | -5.5% |
| Equity | 10/15 | €21,035 | €75,803 | +€54,767 | +260% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €45,803 | +€45,803 | |
| Distributable reserves | 133 | - | €45,803 | +€45,803 | |
| Profit (loss) carried forward | 14 | -€8,965 | - | +€8,965 | |
| Amounts payable | 17/49 | €683,345 | €589,855 | -€93,491 | -13.7% |
| Amounts payable after more than one year | 17 | €406,323 | €297,355 | -€108,968 | -26.8% |
| Financial debts | 170/4 | €90,353 | €61,384 | -€28,968 | -32.1% |
| Other amounts payable | 178/9 | €315,971 | €235,971 | -€80,000 | -25.3% |
| Amounts payable within one year | 42/48 | €277,022 | €292,500 | +€15,478 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €49,042 | €43,432 | -€5,610 | -11.4% |
| Trade debts | 44 | €94,421 | €108,207 | +€13,786 | +14.6% |
| Suppliers | 440/4 | €94,421 | €108,207 | +€13,786 | +14.6% |
| Taxes, remuneration and social security | 45 | €133,559 | €140,861 | +€7,302 | +5.5% |
| Taxes | 450/3 | €58,771 | €61,768 | +€2,997 | +5.1% |
| Remuneration and social security | 454/9 | €74,788 | €79,094 | +€4,305 | +5.8% |
| Remuneration, social security and pensions | 62 | €613,889 | €676,732 | +€62,843 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,831 | €52,012 | +€1,180 | +2.3% |
| Other operating charges | 640/8 | €4,169 | €7,294 | +€3,125 | +75.0% |
| Non-recurring operating charges | 66A | €2,752 | - | -€2,752 | |
| Gross operating margin | 9900 | €682,117 | €815,663 | +€133,547 | +19.6% |
| Operating profit (loss) | 9901 | €10,475 | €79,626 | +€69,150 | +660% |
| Financial income | 75/76B | €46 | €2,409 | +€2,363 | +5,097% |
| Recurring financial income | 75 | €46 | €2,409 | +€2,363 | +5,097% |
| Financial charges | 65/66B | €19,487 | €19,400 | -€87 | -0.4% |
| Recurring financial charges | 65 | €19,487 | €19,400 | -€87 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,965 | €62,635 | +€71,600 | |
| Income taxes | 67/77 | - | €7,868 | +€7,868 | |
| Profit (loss) for the period | 9904 | -€8,965 | €54,767 | +€63,732 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,965 | €54,767 | +€63,732 |
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 24 October 2026 via checked.be.