Billow: 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.
What changed
Billow
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7,465
2024 · -€14,680+€7,214
Equity
€10.2m
2024 · €7.5m+€2.7m
Cash
-
not filed
Balance sheet total
€10.2m
2024 · €7.5m+€2.7m
Largest movements
Assets
- Financial fixed assets +€2.7m
up €2.7m (+35.9%), from €7.5m to €10.2m
Equity and liabilities
- Contributions +€2.7m
up €2.7m (+35.9%), from €7.5m to €10.2m
Income statement
- Gross operating margin +€7,347
up €7,347 (+51.4%), from -€14,292 to -€6,946
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.
Result 2024
-€14,680
Gross operating margin
+€7,347
Other operating charges
-€132
Result 2025
-€7,465
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,500,001 | €10,195,001 | +€2.7m | +35.9% |
| Fixed assets | 21/28 | €7,500,000 | €10,195,000 | +€2.7m | +35.9% |
| Financial fixed assets | 28 | €7,500,000 | €10,195,000 | +€2.7m | +35.9% |
| Current assets | 29/58 | €1 | €1 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1 | €1 | = | 0.0% |
| Other amounts receivable | 41 | €1 | €1 | = | 0.0% |
| Total equity and liabilities | 10/49 | €7,500,001 | €10,195,001 | +€2.7m | +35.9% |
| Equity | 10/15 | €7,485,321 | €10,172,856 | +€2.7m | +35.9% |
| Contributions | 10/11 | €7,500,001 | €10,195,001 | +€2.7m | +35.9% |
| Profit (loss) carried forward | 14 | -€14,680 | -€22,145 | -€7,465 | -50.9% |
| Amounts payable | 17/49 | €14,680 | €22,145 | +€7,465 | +50.9% |
| Amounts payable within one year | 42/48 | €14,680 | €22,145 | +€7,465 | +50.9% |
| Other amounts payable | 47/48 | €14,680 | €22,145 | +€7,465 | +50.9% |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | -€14,292 | -€6,946 | +€7,347 | +51.4% |
| Operating profit (loss) | 9901 | -€14,680 | -€7,465 | +€7,214 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,680 | -€7,465 | +€7,214 | +49.1% |
| Profit (loss) for the period | 9904 | -€14,680 | -€7,465 | +€7,214 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,680 | -€7,465 | +€7,214 | +49.1% |
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 1 November 2026 via checked.be.