Billie Jane: 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 Jane
Largest movements
- Current investments +€143,539
up €143,539 (+2,483%), from €5,782 to €149,320
- Stocks and contracts +€132,184
up €132,184 (+18.6%), from €711,468 to €843,652
- Financial fixed assets +€75,000
new in 2025: €75,000
- Receivables within one year +€43,910
up €43,910 (+82.8%), from €53,024 to €96,934
of which Other amounts receivable: +€23,847
- Cash -€23,437
down €23,437 (-73.5%), from €31,894 to €8,457
mainly Current investments (-€143,539) and Stocks and contracts (-€132,184)
- Reserves +€353,820
up €353,820 (+62.9%), from €562,716 to €916,536
- Tax, wage and social debts +€35,473
up €35,473 (+59.2%), from €59,884 to €95,356
- Gross operating margin +€103,048
up €103,048 (+24.8%), from €415,556 to €518,604
- Taxes +€30,193
up €30,193 (+23.3%), from €129,773 to €159,966
- Financial income -€27,187
down €27,187 (-89.8%), from €30,289 to €3,102
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.
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 | €833,776 | €1,229,220 | +€395,444 | +47.4% |
| Fixed assets | 21/28 | €31,170 | €129,033 | +€97,863 | +314% |
| Tangible fixed assets | 22/27 | €31,170 | €54,033 | +€22,863 | +73.4% |
| Land and buildings | 22 | €22,192 | €18,708 | -€3,485 | -15.7% |
| Plant, machinery and equipment | 23 | €5,107 | €4,581 | -€526 | -10.3% |
| Furniture and vehicles | 24 | €3,870 | €30,744 | +€26,874 | +694% |
| Financial fixed assets | 28 | - | €75,000 | +€75,000 | |
| Current assets | 29/58 | €802,606 | €1,100,187 | +€297,581 | +37.1% |
| Stocks and contracts in progress | 3 | €711,468 | €843,652 | +€132,184 | +18.6% |
| Contracts in progress | 37 | €711,468 | €843,652 | +€132,184 | +18.6% |
| Amounts receivable within one year | 40/41 | €53,024 | €96,934 | +€43,910 | +82.8% |
| Trade receivables | 40 | €53,024 | €73,087 | +€20,063 | +37.8% |
| Other amounts receivable | 41 | - | €23,847 | +€23,847 | |
| Current investments | 50/53 | €5,782 | €149,320 | +€143,539 | +2,483% |
| Cash at bank and in hand | 54/58 | €31,894 | €8,457 | -€23,437 | -73.5% |
| Deferred charges and accrued income | 490/1 | €438 | €1,824 | +€1,386 | +316% |
| Total equity and liabilities | 10/49 | €833,776 | €1,229,220 | +€395,444 | +47.4% |
| Equity | 10/15 | €581,316 | €935,136 | +€353,820 | +60.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €562,716 | €916,536 | +€353,820 | +62.9% |
| Distributable reserves | 133 | €562,716 | €916,536 | +€353,820 | +62.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €252,460 | €294,084 | +€41,624 | +16.5% |
| Amounts payable after more than one year | 17 | €155,665 | €155,665 | = | 0.0% |
| Financial debts | 170/4 | €155,665 | €155,665 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,849 | €129,174 | +€34,325 | +36.2% |
| Trade debts | 44 | €31,427 | €33,818 | +€2,391 | +7.6% |
| Suppliers | 440/4 | €31,427 | €33,818 | +€2,391 | +7.6% |
| Taxes, remuneration and social security | 45 | €59,884 | €95,356 | +€35,473 | +59.2% |
| Taxes | 450/3 | €59,884 | €95,356 | +€35,473 | +59.2% |
| Other amounts payable | 47/48 | €3,538 | €0 | -€3,538 | -100% |
| Accrued charges and deferred income | 492/3 | €1,945 | €9,244 | +€7,299 | +375% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,057 | €6,699 | +€643 | +10.6% |
| Other operating charges | 640/8 | €948 | €910 | -€38 | -4.0% |
| Gross operating margin | 9900 | €415,556 | €518,604 | +€103,048 | +24.8% |
| Operating profit (loss) | 9901 | €408,552 | €510,995 | +€102,444 | +25.1% |
| Financial income | 75/76B | €30,289 | €3,102 | -€27,187 | -89.8% |
| Recurring financial income | 75 | €30,289 | €3,102 | -€27,187 | -89.8% |
| Financial charges | 65/66B | €437 | €312 | -€125 | -28.7% |
| Recurring financial charges | 65 | €437 | €312 | -€125 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €438,404 | €513,785 | +€75,382 | +17.2% |
| Income taxes | 67/77 | €129,773 | €159,966 | +€30,193 | +23.3% |
| Profit (loss) for the period | 9904 | €308,631 | €353,820 | +€45,189 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €308,631 | €353,820 | +€45,189 | +14.6% |
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 26 October 2026 via checked.be.