BILLOWY: 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.
BILLOWY
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tangible fixed assets +€38,324
up €38,324 (+158%), from €24,250 to €62,574
- Cash +€28,166
up €28,166 (+52.3%), from €53,875 to €82,041
mainly Current investments (+€100,000) and Other debts (+€55,576)
- Receivables within one year -€17,977
down €17,977 (-48.9%), from €36,767 to €18,790
of which Trade receivables: -€21,287
- Reserves -€106,007
down €106,007 (-52.4%), from €202,168 to €96,161
- Other debts +€55,576
up €55,576 (+1,523%), from €3,649 to €59,225
- Gross operating margin -€40,522
down €40,522 (-30.5%), from €132,801 to €92,279
- Taxes -€10,251
down €10,251 (-41.6%), from €24,614 to €14,364
- Depreciation +€5,711
up €5,711 (+31.1%), from €18,362 to €24,073
- Financial income +€1,562
up €1,562 (+516%), from €303 to €1,865
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 | €217,470 | €165,848 | -€51,622 | -23.7% |
| Fixed assets | 21/28 | €25,700 | €64,024 | +€38,324 | +149% |
| Tangible fixed assets | 22/27 | €24,250 | €62,574 | +€38,324 | +158% |
| Furniture and vehicles | 24 | €24,250 | €62,574 | +€38,324 | +158% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €191,770 | €101,823 | -€89,946 | -46.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €36,767 | €18,790 | -€17,977 | -48.9% |
| Trade receivables | 40 | €35,881 | €14,594 | -€21,287 | -59.3% |
| Other amounts receivable | 41 | €886 | €4,196 | +€3,310 | +374% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €53,875 | €82,041 | +€28,166 | +52.3% |
| Deferred charges and accrued income | 490/1 | €1,127 | €992 | -€135 | -12.0% |
| Total equity and liabilities | 10/49 | €217,470 | €165,848 | -€51,622 | -23.7% |
| Equity | 10/15 | €202,169 | €96,162 | -€106,007 | -52.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €202,168 | €96,161 | -€106,007 | -52.4% |
| Distributable reserves | 133 | €202,168 | €96,161 | -€106,007 | -52.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,302 | €69,686 | +€54,385 | +355% |
| Amounts payable within one year | 42/48 | €15,236 | €69,619 | +€54,383 | +357% |
| Trade debts | 44 | €77 | €451 | +€374 | +486% |
| Suppliers | 440/4 | €77 | €451 | +€374 | +486% |
| Taxes, remuneration and social security | 45 | €11,510 | €9,943 | -€1,567 | -13.6% |
| Taxes | 450/3 | €11,510 | €9,943 | -€1,567 | -13.6% |
| Other amounts payable | 47/48 | €3,649 | €59,225 | +€55,576 | +1,523% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,362 | €24,073 | +€5,711 | +31.1% |
| Other operating charges | 640/8 | €799 | €745 | -€55 | -6.8% |
| Non-recurring operating charges | 66A | - | €231 | +€231 | |
| Gross operating margin | 9900 | €132,801 | €92,279 | -€40,522 | -30.5% |
| Operating profit (loss) | 9901 | €113,640 | €67,231 | -€46,409 | -40.8% |
| Financial income | 75/76B | €303 | €1,865 | +€1,562 | +516% |
| Recurring financial income | 75 | €303 | €1,865 | +€1,562 | +516% |
| Financial charges | 65/66B | €45 | €46 | +€1 | +2.1% |
| Recurring financial charges | 65 | €45 | €46 | +€1 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €113,898 | €69,050 | -€44,848 | -39.4% |
| Income taxes | 67/77 | €24,614 | €14,364 | -€10,251 | -41.6% |
| Profit (loss) for the period | 9904 | €89,283 | €54,686 | -€34,597 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €89,283 | €54,686 | -€34,597 | -38.7% |
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 13 October 2026 via checked.be.