BILLY INVEST: what changed
What changed
BILLY INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€6.6m
2024 · €41,433+€6.5m
Equity
€8.1m
2024 · €1.6m+€6.5m
Cash
€9,524
2024 · €81,277-€71,753
Balance sheet total
€9.0m
2024 · €1.7m+€7.2m
Largest movements
Assets
- Current investments +€6.1m
up €6.1m (+1,574%), from €385,748 to €6.5m
- Receivables within one year +€2.2m
up €2.2m (+14,494%), from €15,438 to €2.3m
of which Other amounts receivable: +€2.2m
- Financial fixed assets -€1.1m
down €1.1m (-98.8%), from €1.1m to €12,750
Equity and liabilities
- Reserves +€6.5m
up €6.5m (+1,195%), from €546,550 to €7.1m
- Tax, wage and social debts +€647,291
up €647,291 (+4,710%), from €13,744 to €661,035
Income statement
- Financial income +€7.2m
up €7.2m (+543,002%), from €1,335 to €7.3m
of which Non-recurring financial income: +€7.2m
- Taxes +€657,237
up €657,237 (+3,363%), from €19,546 to €676,782
- Gross operating margin -€103,086
down €103,086 (-55.0%), from €187,507 to €84,420
- Depreciation +€28,376
up €28,376 (+103%), from €27,652 to €56,028
- Financial charges +€12,593
up €12,593 (+505%), from €2,496 to €15,089
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€41,433
Gross operating margin
-€103,086
Depreciation
-€28,376
Other operating charges
-€359
Other operating items
+€95,282
Financial income
+€7.2m
Financial charges
-€12,593
Taxes
-€657,237
Result 2025
€6.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5.0m
Investment
-€5.1m
Financing
-€13,229
Cash 2024
€81,277
From operations (derived)
+€5.0m
Net result for the year
+€6.6m
Depreciation
+€56,028
Receivables within one year
-€2.2m
Deferred charges and accrued income
-€34,540
Smaller working-capital items
+€9,606
Tax, wage and social debts
+€647,291
Investment (derived)
-€5.1m
Investment in fixed assets (net)
+€987,780
Current investments
-€6.1m
Financing
-€13,229
Debts after one year
+€19,275
Current portion of long-term debt
+€19,996
Contributions, distributions and other
-€52,500
Cash 2025
€9,524
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,737,640 | €8,966,148 | +€7.2m | +416% |
| Fixed assets | 21/28 | €1,251,342 | €207,534 | -€1.0m | -83.4% |
| Tangible fixed assets | 22/27 | €170,092 | €194,784 | +€24,692 | +14.5% |
| Furniture and vehicles | 24 | €150,195 | €174,887 | +€24,692 | +16.4% |
| Other tangible fixed assets | 26 | €19,897 | €19,897 | = | 0.0% |
| Financial fixed assets | 28 | €1,081,250 | €12,750 | -€1.1m | -98.8% |
| Current assets | 29/58 | €486,298 | €8,758,614 | +€8.3m | +1,701% |
| Amounts receivable within one year | 40/41 | €15,438 | €2,252,935 | +€2.2m | +14,494% |
| Trade receivables | 40 | €2,450 | €15,571 | +€13,121 | +536% |
| Other amounts receivable | 41 | €12,988 | €2,237,365 | +€2.2m | +17,127% |
| Current investments | 50/53 | €385,748 | €6,457,779 | +€6.1m | +1,574% |
| Cash at bank and in hand | 54/58 | €81,277 | €9,524 | -€71,753 | -88.3% |
| Deferred charges and accrued income | 490/1 | €3,836 | €38,375 | +€34,540 | +901% |
| Total equity and liabilities | 10/49 | €1,737,640 | €8,966,148 | +€7.2m | +416% |
| Equity | 10/15 | €1,611,317 | €8,143,657 | +€6.5m | +405% |
| Contributions | 10/11 | €1,062,500 | €1,062,500 | = | 0.0% |
| Reserves | 13 | €546,550 | €7,079,050 | +€6.5m | +1,195% |
| Distributable reserves | 133 | €546,550 | €7,079,050 | +€6.5m | +1,195% |
| Profit (loss) carried forward | 14 | €2,267 | €2,107 | -€159 | -7.0% |
| Amounts payable | 17/49 | €126,323 | €822,490 | +€696,167 | +551% |
| Amounts payable after more than one year | 17 | €84,951 | €104,225 | +€19,275 | +22.7% |
| Financial debts | 170/4 | €84,951 | €104,225 | +€19,275 | +22.7% |
| Amounts payable within one year | 42/48 | €41,373 | €718,239 | +€676,867 | +1,636% |
| Current portion of amounts payable after more than one year | 42 | €21,865 | €41,861 | +€19,996 | +91.5% |
| Trade debts | 44 | €5,763 | €15,343 | +€9,580 | +166% |
| Suppliers | 440/4 | €5,763 | €15,343 | +€9,580 | +166% |
| Taxes, remuneration and social security | 45 | €13,744 | €661,035 | +€647,291 | +4,710% |
| Taxes | 450/3 | €13,744 | €661,035 | +€647,291 | +4,710% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,652 | €56,028 | +€28,376 | +103% |
| Other operating charges | 640/8 | €2,433 | €2,792 | +€359 | +14.8% |
| Non-recurring operating charges | 66A | €95,282 | €0 | -€95,282 | -100% |
| Gross operating margin | 9900 | €187,507 | €84,420 | -€103,086 | -55.0% |
| Operating profit (loss) | 9901 | €62,140 | €25,600 | -€36,540 | -58.8% |
| Financial income | 75/76B | €1,335 | €7,251,112 | +€7.2m | +543,002% |
| Recurring financial income | 75 | €1,335 | €41,076 | +€39,740 | +2,977% |
| Non-recurring financial income | 76B | - | €7,210,037 | +€7.2m | |
| Financial charges | 65/66B | €2,496 | €15,089 | +€12,593 | +505% |
| Recurring financial charges | 65 | €2,496 | €15,089 | +€12,593 | +505% |
| Profit (loss) for the period before taxes | 9903 | €60,979 | €7,261,623 | +€7.2m | +11,808% |
| Income taxes | 67/77 | €19,546 | €676,782 | +€657,237 | +3,363% |
| Profit (loss) for the period | 9904 | €41,433 | €6,584,841 | +€6.5m | +15,793% |
| Profit (loss) for the period to be appropriated | 9905 | €41,433 | €6,584,841 | +€6.5m | +15,793% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.