BILMEC: 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.
BILMEC
Largest movements
- Cash -€72,735
down €72,735 (-42.3%), from €172,011 to €99,276
mainly Investment in fixed assets (net) (-€45,189) and Debts after one year (-€22,985)
- Receivables within one year +€20,508
up €20,508 (+107.5%), from €19,083 to €39,591
- Tangible fixed assets +€9,734
up €9,734 (+1.6%), from €622,403 to €632,138
of which Plant, machinery and equipment: +€9,985
- Debts after one year -€22,985
down €22,985 (-5.4%), from €427,954 to €404,970
- Tax, wage and social debts -€22,914
down €22,914 (-70.1%), from €32,708 to €9,794
of which Taxes: -€22,853
- Trade debts -€13,726
no longer reported in 2025 (was €13,726)
- Profit (loss) carried forward +€13,146
up €13,146 (+8.8%), from €149,571 to €162,717
- Provisions +€16,359
no longer reported in 2025 (was -€16,359)
- Depreciation +€10,461
up €10,461 (+41.9%), from €24,993 to €35,454
- Financial charges +€5,412
up €5,412 (+39.7%), from €13,617 to €19,029
- Gross operating margin -€4,298
down €4,298 (-3.8%), from €113,145 to €108,847
- Staff costs +€2,847
up €2,847 (+7.5%), from €37,782 to €40,629
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 | €816,302 | €773,771 | -€42,531 | -5.2% |
| Fixed assets | 21/28 | €622,403 | €632,138 | +€9,734 | +1.6% |
| Tangible fixed assets | 22/27 | €622,403 | €632,138 | +€9,734 | +1.6% |
| Land and buildings | 22 | €611,793 | €614,543 | +€2,750 | +0.4% |
| Plant, machinery and equipment | 23 | €5,300 | €15,284 | +€9,985 | +188.4% |
| Furniture and vehicles | 24 | €5,311 | €2,311 | -€3,000 | -56.5% |
| Current assets | 29/58 | €193,898 | €141,633 | -€52,265 | -27.0% |
| Amounts receivable within one year | 40/41 | €19,083 | €39,591 | +€20,508 | +107.5% |
| Trade receivables | 40 | €19,083 | €39,591 | +€20,508 | +107.5% |
| Cash at bank and in hand | 54/58 | €172,011 | €99,276 | -€72,735 | -42.3% |
| Deferred charges and accrued income | 490/1 | €2,804 | €2,766 | -€38 | -1.4% |
| Total equity and liabilities | 10/49 | €816,302 | €773,771 | -€42,531 | -5.2% |
| Equity | 10/15 | €299,571 | €312,717 | +€13,146 | +4.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,571 | €162,717 | +€13,146 | +8.8% |
| Amounts payable | 17/49 | €516,731 | €461,054 | -€55,677 | -10.8% |
| Amounts payable after more than one year | 17 | €427,954 | €404,970 | -€22,985 | -5.4% |
| Financial debts | 170/4 | €427,954 | €404,970 | -€22,985 | -5.4% |
| Amounts payable within one year | 42/48 | €88,776 | €55,908 | -€32,869 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €22,046 | €22,985 | +€939 | +4.3% |
| Trade debts | 44 | €13,726 | - | -€13,726 | |
| Suppliers | 440/4 | €13,726 | - | -€13,726 | |
| Taxes, remuneration and social security | 45 | €32,708 | €9,794 | -€22,914 | -70.1% |
| Taxes | 450/3 | €28,559 | €5,707 | -€22,853 | -80.0% |
| Remuneration and social security | 454/9 | €4,149 | €4,087 | -€62 | -1.5% |
| Other amounts payable | 47/48 | €20,296 | €23,129 | +€2,833 | +14.0% |
| Accrued charges and deferred income | 492/3 | - | €177 | +€177 | |
| Remuneration, social security and pensions | 62 | €37,782 | €40,629 | +€2,847 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,993 | €35,454 | +€10,461 | +41.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€16,359 | - | +€16,359 | |
| Other operating charges | 640/8 | €497 | €604 | +€107 | +21.5% |
| Gross operating margin | 9900 | €113,145 | €108,847 | -€4,298 | -3.8% |
| Operating profit (loss) | 9901 | €66,231 | €32,159 | -€34,072 | -51.4% |
| Financial income | 75/76B | €8 | €16 | +€8 | +93.6% |
| Recurring financial income | 75 | €8 | €16 | +€8 | +93.6% |
| Financial charges | 65/66B | €13,617 | €19,029 | +€5,412 | +39.7% |
| Recurring financial charges | 65 | €13,617 | €19,029 | +€5,412 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €52,622 | €13,146 | -€39,476 | -75.0% |
| Income taxes | 67/77 | €241 | - | -€241 | |
| Profit (loss) for the period | 9904 | €52,381 | €13,146 | -€39,235 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,381 | €13,146 | -€39,235 | -74.9% |
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 12 October 2026 via checked.be.