Billy Duv: what changed
Two fiscal 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 Duv
Largest movements
- Cash -€72,800
down €72,800 (-54.5%), from €133,630 to €60,831
mainly Contributions, distributions and other (-€187,375)
- Receivables within one year -€10,758
down €10,758 (-56.7%), from €18,988 to €8,230
of which Other amounts receivable: -€8,388
- Tangible fixed assets -€2,535
down €2,535 (-35.6%), from €7,115 to €4,581
of which Furniture and vehicles: -€1,297
- Reserves -€138,481
down €138,481 (-100.0%), from €138,481 to €0
- Other debts +€48,035
up €48,035 (+5591.9%), from €859 to €48,894
- Tax, wage and social debts +€3,769
up €3,769 (+20.4%), from €18,481 to €22,250
of which Taxes: +€3,769
- Gross operating margin -€4,460
down €4,460 (-6.4%), from €69,211 to €64,750
- Taxes -€812
down €812 (-6.0%), from €13,581 to €12,769
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 | €160,123 | €73,913 | -€86,210 | -53.8% |
| Fixed assets | 21/28 | €7,115 | €4,581 | -€2,535 | -35.6% |
| Tangible fixed assets | 22/27 | €7,115 | €4,581 | -€2,535 | -35.6% |
| Plant, machinery and equipment | 23 | €3,931 | €2,693 | -€1,238 | -31.5% |
| Furniture and vehicles | 24 | €3,184 | €1,887 | -€1,297 | -40.7% |
| Current assets | 29/58 | €153,008 | €69,332 | -€83,675 | -54.7% |
| Amounts receivable within one year | 40/41 | €18,988 | €8,230 | -€10,758 | -56.7% |
| Trade receivables | 40 | €10,183 | €7,813 | -€2,370 | -23.3% |
| Other amounts receivable | 41 | €8,805 | €417 | -€8,388 | -95.3% |
| Cash at bank and in hand | 54/58 | €133,630 | €60,831 | -€72,800 | -54.5% |
| Deferred charges and accrued income | 490/1 | €389 | €272 | -€117 | -30.1% |
| Total equity and liabilities | 10/49 | €160,123 | €73,913 | -€86,210 | -53.8% |
| Equity | 10/15 | €140,481 | €2,000 | -€138,481 | -98.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €138,481 | €0 | -€138,481 | -100.0% |
| Distributable reserves | 133 | €138,481 | €0 | -€138,481 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,641 | €71,913 | +€52,272 | +266.1% |
| Amounts payable within one year | 42/48 | €19,416 | €71,544 | +€52,128 | +268.5% |
| Trade debts | 44 | €76 | €400 | +€324 | +426.9% |
| Suppliers | 440/4 | €76 | €400 | +€324 | +426.9% |
| Taxes, remuneration and social security | 45 | €18,481 | €22,250 | +€3,769 | +20.4% |
| Taxes | 450/3 | €16,281 | €20,050 | +€3,769 | +23.1% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €859 | €48,894 | +€48,035 | +5591.9% |
| Accrued charges and deferred income | 492/3 | €225 | €369 | +€144 | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,304 | €2,535 | +€231 | +10.0% |
| Other operating charges | 640/8 | €402 | €610 | +€208 | +51.7% |
| Gross operating margin | 9900 | €69,211 | €64,750 | -€4,460 | -6.4% |
| Operating profit (loss) | 9901 | €66,505 | €61,606 | -€4,899 | -7.4% |
| Financial income | 75/76B | €275 | €156 | -€119 | -43.2% |
| Recurring financial income | 75 | €275 | €156 | -€119 | -43.2% |
| Financial charges | 65/66B | €51 | €100 | +€49 | +95.5% |
| Recurring financial charges | 65 | €51 | €100 | +€49 | +95.5% |
| Profit (loss) for the period before taxes | 9903 | €66,729 | €61,663 | -€5,067 | -7.6% |
| Income taxes | 67/77 | €13,581 | €12,769 | -€812 | -6.0% |
| Profit (loss) for the period | 9904 | €53,148 | €48,894 | -€4,254 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,148 | €48,894 | -€4,254 | -8.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.