BILLY: 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.
BILLY
Largest movements
- Tangible fixed assets +€60,527
up €60,527 (+13.0%), from €467,351 to €527,878
of which Other tangible fixed assets: +€53,880
- Cash +€30,272
up €30,272 (+18.4%), from €164,590 to €194,862
mainly Net result for the year (+€229,210) and Depreciation (+€63,960)
- Reserves +€128,019
up €128,019 (+24.6%), from €520,767 to €648,786
- Debts after one year -€39,057
down €39,057 (-13.5%), from €288,722 to €249,665
- Other debts -€18,965
down €18,965 (-10.2%), from €185,109 to €166,144
- Tax, wage and social debts +€15,754
up €15,754 (+26.6%), from €59,275 to €75,028
of which Taxes: +€40,769
- Short-term financial debts +€14,073
new in 2025: €14,073
- Taxes +€24,877
up €24,877 (+33.1%), from €75,045 to €99,922
- Financial income +€11,889
up €11,889 (+464%), from €2,565 to €14,454
- Depreciation +€8,830
up €8,830 (+16.0%), from €55,130 to €63,960
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 | €1,114,392 | €1,213,346 | +€98,954 | +8.9% |
| Fixed assets | 21/28 | €489,919 | €540,446 | +€50,527 | +10.3% |
| Intangible fixed assets | 21 | €22,438 | €12,438 | -€10,000 | -44.6% |
| Tangible fixed assets | 22/27 | €467,351 | €527,878 | +€60,527 | +13.0% |
| Land and buildings | 22 | €345,374 | €359,371 | +€13,998 | +4.1% |
| Plant, machinery and equipment | 23 | €29,164 | €31,872 | +€2,709 | +9.3% |
| Furniture and vehicles | 24 | €29,432 | €19,373 | -€10,059 | -34.2% |
| Other tangible fixed assets | 26 | €63,382 | €117,261 | +€53,880 | +85.0% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €624,473 | €672,900 | +€48,427 | +7.8% |
| Amounts receivable after more than one year | 29 | - | €10,038 | +€10,038 | |
| Other amounts receivable | 291 | - | €10,038 | +€10,038 | |
| Stocks and contracts in progress | 3 | €23,007 | €25,215 | +€2,208 | +9.6% |
| Stocks | 30/36 | €23,007 | €25,215 | +€2,208 | +9.6% |
| Amounts receivable within one year | 40/41 | €35,095 | €36,786 | +€1,691 | +4.8% |
| Trade receivables | 40 | €14,023 | €7,605 | -€6,418 | -45.8% |
| Other amounts receivable | 41 | €21,071 | €29,181 | +€8,109 | +38.5% |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €164,590 | €194,862 | +€30,272 | +18.4% |
| Deferred charges and accrued income | 490/1 | €1,781 | €5,999 | +€4,217 | +237% |
| Total equity and liabilities | 10/49 | €1,114,392 | €1,213,346 | +€98,954 | +8.9% |
| Equity | 10/15 | €525,767 | €653,786 | +€128,019 | +24.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €520,767 | €648,786 | +€128,019 | +24.6% |
| Distributable reserves | 133 | €520,767 | €648,786 | +€128,019 | +24.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €588,626 | €559,560 | -€29,065 | -4.9% |
| Amounts payable after more than one year | 17 | €288,722 | €249,665 | -€39,057 | -13.5% |
| Financial debts | 170/4 | €288,722 | €249,665 | -€39,057 | -13.5% |
| Amounts payable within one year | 42/48 | €299,903 | €309,895 | +€9,992 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €37,987 | €39,057 | +€1,070 | +2.8% |
| Financial debts | 43 | - | €14,073 | +€14,073 | |
| Credit institutions | 430/8 | - | €14,073 | +€14,073 | |
| Trade debts | 44 | €17,532 | €15,593 | -€1,940 | -11.1% |
| Suppliers | 440/4 | €17,532 | €15,593 | -€1,940 | -11.1% |
| Taxes, remuneration and social security | 45 | €59,275 | €75,028 | +€15,754 | +26.6% |
| Taxes | 450/3 | €14,806 | €55,575 | +€40,769 | +275% |
| Remuneration and social security | 454/9 | €44,469 | €19,454 | -€25,015 | -56.3% |
| Other amounts payable | 47/48 | €185,109 | €166,144 | -€18,965 | -10.2% |
| Remuneration, social security and pensions | 62 | €426,803 | €427,016 | +€213 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,130 | €63,960 | +€8,830 | +16.0% |
| Other operating charges | 640/8 | €2,879 | €4,136 | +€1,257 | +43.7% |
| Gross operating margin | 9900 | €834,396 | €840,529 | +€6,132 | +0.7% |
| Operating profit (loss) | 9901 | €349,585 | €345,417 | -€4,168 | -1.2% |
| Financial income | 75/76B | €2,565 | €14,454 | +€11,889 | +464% |
| Recurring financial income | 75 | €2,565 | €14,454 | +€11,889 | +464% |
| Financial charges | 65/66B | €25,915 | €30,740 | +€4,825 | +18.6% |
| Recurring financial charges | 65 | €25,915 | €30,740 | +€4,825 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €326,236 | €329,131 | +€2,896 | +0.9% |
| Income taxes | 67/77 | €75,045 | €99,922 | +€24,877 | +33.1% |
| Profit (loss) for the period | 9904 | €251,191 | €229,210 | -€21,981 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €251,191 | €229,210 | -€21,981 | -8.8% |
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 15 October 2026 via checked.be.