BILMEYER: 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.
What changed
BILMEYER
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,327
2024 · €31,398-€14,071
Equity
€193,038
2024 · €190,711+€2,327
Cash
€19,735
2024 · €20,405-€670
Balance sheet total
€677,587
2024 · €709,089-€31,501
Largest movements
Assets
- Tangible fixed assets -€55,980
down €55,980 (-8.2%), from €684,477 to €628,496
of which Land and buildings: -€43,528
- Receivables within one year +€24,708
up €24,708 (+587%), from €4,206 to €28,914
Equity and liabilities
- Debts after one year -€23,338
down €23,338 (-5.7%), from €407,567 to €384,229
- Other debts -€15,160
down €15,160 (-25.2%), from €60,160 to €45,000
Income statement
- Gross operating margin -€23,385
down €23,385 (-18.0%), from €130,013 to €106,629
- Other operating charges -€8,665
down €8,665 (-55.2%), from €15,685 to €7,020
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.
Result 2024
€31,398
Gross operating margin
-€23,385
Depreciation
-€614
Other operating charges
+€8,665
Financial charges
+€277
Taxes
+€986
Result 2025
€17,327
raises the resultlowers the result
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.
From operations
+€36,623
Investment
€0
Financing
-€37,293
Cash 2024
€20,405
From operations (derived)
+€36,623
Net result for the year
+€17,327
Depreciation
+€55,980
Receivables within one year
-€24,708
Deferred charges and accrued income
-€441
Trade debts
+€70
Tax, wage and social debts
+€3,330
Other debts
-€15,160
Accrued charges and deferred income
+€224
Financing
-€37,293
Debts after one year
-€23,338
Current portion of long-term debt
+€1,045
Contributions, distributions and other
-€15,000
Cash 2025
€19,735
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €709,089 | €677,587 | -€31,501 | -4.4% |
| Fixed assets | 21/28 | €684,477 | €628,496 | -€55,980 | -8.2% |
| Tangible fixed assets | 22/27 | €684,477 | €628,496 | -€55,980 | -8.2% |
| Land and buildings | 22 | €557,292 | €513,764 | -€43,528 | -7.8% |
| Plant, machinery and equipment | 23 | €12,576 | €11,240 | -€1,335 | -10.6% |
| Other tangible fixed assets | 26 | €114,609 | €103,492 | -€11,117 | -9.7% |
| Current assets | 29/58 | €24,612 | €49,091 | +€24,479 | +99.5% |
| Amounts receivable within one year | 40/41 | €4,206 | €28,914 | +€24,708 | +587% |
| Other amounts receivable | 41 | €4,206 | €28,914 | +€24,708 | +587% |
| Cash at bank and in hand | 54/58 | €20,405 | €19,735 | -€670 | -3.3% |
| Deferred charges and accrued income | 490/1 | - | €441 | +€441 | |
| Total equity and liabilities | 10/49 | €709,089 | €677,587 | -€31,501 | -4.4% |
| Equity | 10/15 | €190,711 | €193,038 | +€2,327 | +1.2% |
| Contributions | 10/11 | €12,851 | €12,851 | = | 0.0% |
| Reserves | 13 | €177,860 | €180,187 | +€2,327 | +1.3% |
| Non-distributable reserves | 130/1 | €1,285 | €1,285 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,285 | €1,285 | = | 0.0% |
| Distributable reserves | 133 | €176,575 | €178,902 | +€2,327 | +1.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €518,378 | €484,549 | -€33,829 | -6.5% |
| Amounts payable after more than one year | 17 | €407,567 | €384,229 | -€23,338 | -5.7% |
| Financial debts | 170/4 | €407,567 | €384,229 | -€23,338 | -5.7% |
| Amounts payable within one year | 42/48 | €99,479 | €88,764 | -€10,715 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €22,293 | €23,338 | +€1,045 | +4.7% |
| Trade debts | 44 | €6,830 | €6,900 | +€70 | +1.0% |
| Suppliers | 440/4 | €6,830 | €6,900 | +€70 | +1.0% |
| Taxes, remuneration and social security | 45 | €10,197 | €13,526 | +€3,330 | +32.7% |
| Taxes | 450/3 | €10,197 | €13,526 | +€3,330 | +32.7% |
| Other amounts payable | 47/48 | €60,160 | €45,000 | -€15,160 | -25.2% |
| Accrued charges and deferred income | 492/3 | €11,331 | €11,555 | +€224 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,367 | €55,980 | +€614 | +1.1% |
| Other operating charges | 640/8 | €15,685 | €7,020 | -€8,665 | -55.2% |
| Gross operating margin | 9900 | €130,013 | €106,629 | -€23,385 | -18.0% |
| Operating profit (loss) | 9901 | €58,962 | €43,628 | -€15,334 | -26.0% |
| Financial charges | 65/66B | €20,344 | €20,067 | -€277 | -1.4% |
| Recurring financial charges | 65 | €20,344 | €20,067 | -€277 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €38,618 | €23,561 | -€15,057 | -39.0% |
| Income taxes | 67/77 | €7,220 | €6,234 | -€986 | -13.7% |
| Profit (loss) for the period | 9904 | €31,398 | €17,327 | -€14,071 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,398 | €17,327 | -€14,071 | -44.8% |
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 14 October 2026 via checked.be.