BILLY DEMEFFE: 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 DEMEFFE
Largest movements
- Receivables after one year +€36,535
up €36,535 (+10.5%), from €348,148 to €384,683
- Cash +€28,446
up €28,446 (+505.6%), from €5,626 to €34,072
mainly Net result for the year (+€42,447) and Tax, wage and social debts (+€11,268)
- Receivables within one year -€9,196
down €9,196 (-25.4%), from €36,203 to €27,006
of which Trade receivables: -€12,301
- Profit (loss) carried forward +€42,447
up €42,447 (+541.8%), from €7,834 to €50,281
- Tax, wage and social debts +€11,268
up €11,268 (+122.3%), from €9,210 to €20,478
of which Taxes: +€13,027
- Gross operating margin +€36,748
up €36,748 (+42.9%), from €85,696 to €122,443
- Taxes +€12,324
up €12,324 (+1588.1%), from €776 to €13,100
- Financial charges -€9,696
down €9,696 (-82.2%), from €11,795 to €2,100
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.
Cash bridge derived
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 | €411,614 | €467,228 | +€55,614 | +13.5% |
| Fixed assets | 21/28 | €8,529 | €8,475 | -€53 | -0.6% |
| Tangible fixed assets | 22/27 | €5,205 | €5,152 | -€53 | -1.0% |
| Plant, machinery and equipment | 23 | €2,610 | €1,717 | -€892 | -34.2% |
| Furniture and vehicles | 24 | €2,595 | €3,434 | +€839 | +32.3% |
| Financial fixed assets | 28 | €3,324 | €3,324 | = | 0.0% |
| Current assets | 29/58 | €403,085 | €458,752 | +€55,667 | +13.8% |
| Amounts receivable after more than one year | 29 | €348,148 | €384,683 | +€36,535 | +10.5% |
| Other amounts receivable | 291 | €348,148 | €384,683 | +€36,535 | +10.5% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,203 | €27,006 | -€9,196 | -25.4% |
| Trade receivables | 40 | €29,916 | €17,615 | -€12,301 | -41.1% |
| Other amounts receivable | 41 | €6,287 | €9,391 | +€3,104 | +49.4% |
| Cash at bank and in hand | 54/58 | €5,626 | €34,072 | +€28,446 | +505.6% |
| Deferred charges and accrued income | 490/1 | €3,109 | €2,991 | -€118 | -3.8% |
| Total equity and liabilities | 10/49 | €411,614 | €467,228 | +€55,614 | +13.5% |
| Equity | 10/15 | €393,440 | €435,887 | +€42,447 | +10.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €367,014 | €367,014 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €365,155 | €365,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,834 | €50,281 | +€42,447 | +541.8% |
| Amounts payable | 17/49 | €18,174 | €31,341 | +€13,167 | +72.4% |
| Amounts payable within one year | 42/48 | €18,100 | €30,666 | +€12,566 | +69.4% |
| Trade debts | 44 | €8,890 | €10,187 | +€1,298 | +14.6% |
| Suppliers | 440/4 | €8,890 | €10,187 | +€1,298 | +14.6% |
| Taxes, remuneration and social security | 45 | €9,210 | €20,478 | +€11,268 | +122.3% |
| Taxes | 450/3 | €668 | €13,695 | +€13,027 | +1949.8% |
| Remuneration and social security | 454/9 | €8,542 | €6,783 | -€1,759 | -20.6% |
| Accrued charges and deferred income | 492/3 | €74 | €675 | +€601 | +807.3% |
| Remuneration, social security and pensions | 62 | €62,605 | €62,747 | +€142 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,727 | €2,181 | -€547 | -20.0% |
| Gross operating margin | 9900 | €85,696 | €122,443 | +€36,748 | +42.9% |
| Operating profit (loss) | 9901 | €20,364 | €57,516 | +€37,152 | +182.4% |
| Financial income | 75/76B | €41 | €131 | +€90 | +217.7% |
| Recurring financial income | 75 | €41 | €131 | +€90 | +217.7% |
| Financial charges | 65/66B | €11,795 | €2,100 | -€9,696 | -82.2% |
| Recurring financial charges | 65 | €11,795 | €2,100 | -€9,696 | -82.2% |
| Profit (loss) for the period before taxes | 9903 | €8,610 | €55,547 | +€46,937 | +545.2% |
| Income taxes | 67/77 | €776 | €13,100 | +€12,324 | +1588.1% |
| Profit (loss) for the period | 9904 | €7,834 | €42,447 | +€34,613 | +441.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,834 | €42,447 | +€34,613 | +441.8% |
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 9 October 2026 via checked.be.