BILMO: 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.
BILMO
Largest movements
- Cash -€15,334
down €15,334 (-87.5%), from €17,519 to €2,185
mainly Current portion of long-term debt (-€34,798) and Receivables within one year (-€13,445)
- Receivables within one year +€13,445
up €13,445 (+292.6%), from €4,595 to €18,040
of which Trade receivables: +€16,485
- Intangible fixed assets -€6,881
down €6,881 (-15.9%), from €43,403 to €36,522
- Tangible fixed assets -€4,203
down €4,203 (-28.8%), from €14,576 to €10,373
- Current portion of long-term debt -€34,798
down €34,798 (-53.5%), from €65,079 to €30,280
- Investment grants +€31,370
up €31,370 (+816.9%), from €3,840 to €35,210
- Debts after one year -€10,280
down €10,280 (-62.8%), from €16,372 to €6,092
- Other debts +€7,556
new in 2025: €7,556
- Profit (loss) carried forward -€4,811
down €4,811, from €1,101 to -€3,709
- Gross operating margin -€31,947
down €31,947, from €23,977 to -€7,970
- Financial income +€15,615
up €15,615 (+9231.9%), from €169 to €15,784
- Depreciation +€4,012
up €4,012 (+56.8%), from €7,068 to €11,080
- Financial charges -€775
down €775 (-33.5%), from €2,316 to €1,541
- Taxes -€403
no longer reported in 2025 (was €403)
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 | €99,266 | €86,195 | -€13,070 | -13.2% |
| Fixed assets | 21/28 | €57,979 | €46,895 | -€11,084 | -19.1% |
| Intangible fixed assets | 21 | €43,403 | €36,522 | -€6,881 | -15.9% |
| Tangible fixed assets | 22/27 | €14,576 | €10,373 | -€4,203 | -28.8% |
| Furniture and vehicles | 24 | €14,576 | €10,373 | -€4,203 | -28.8% |
| Current assets | 29/58 | €41,287 | €39,300 | -€1,986 | -4.8% |
| Stocks and contracts in progress | 3 | €19,173 | €19,076 | -€97 | -0.5% |
| Stocks | 30/36 | €19,173 | €19,076 | -€97 | -0.5% |
| Amounts receivable within one year | 40/41 | €4,595 | €18,040 | +€13,445 | +292.6% |
| Trade receivables | 40 | - | €16,485 | +€16,485 | |
| Other amounts receivable | 41 | €4,595 | €1,554 | -€3,040 | -66.2% |
| Cash at bank and in hand | 54/58 | €17,519 | €2,185 | -€15,334 | -87.5% |
| Total equity and liabilities | 10/49 | €99,266 | €86,195 | -€13,070 | -13.2% |
| Equity | 10/15 | €14,941 | €41,500 | +€26,559 | +177.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,101 | -€3,709 | -€4,811 | |
| Investment grants | 15 | €3,840 | €35,210 | +€31,370 | +816.9% |
| Amounts payable | 17/49 | €84,324 | €44,695 | -€39,629 | -47.0% |
| Amounts payable after more than one year | 17 | €16,372 | €6,092 | -€10,280 | -62.8% |
| Financial debts | 170/4 | €16,372 | €6,092 | -€10,280 | -62.8% |
| Amounts payable within one year | 42/48 | €67,952 | €38,604 | -€29,349 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €65,079 | €30,280 | -€34,798 | -53.5% |
| Financial debts | 43 | €56 | - | -€56 | |
| Credit institutions | 430/8 | €56 | - | -€56 | |
| Trade debts | 44 | €974 | €112 | -€862 | -88.5% |
| Suppliers | 440/4 | €974 | €112 | -€862 | -88.5% |
| Taxes, remuneration and social security | 45 | €1,844 | €656 | -€1,188 | -64.4% |
| Taxes | 450/3 | €1,844 | €656 | -€1,188 | -64.4% |
| Other amounts payable | 47/48 | - | €7,556 | +€7,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,068 | €11,080 | +€4,012 | +56.8% |
| Other operating charges | 640/8 | €113 | €4 | -€109 | -96.5% |
| Gross operating margin | 9900 | €23,977 | -€7,970 | -€31,947 | |
| Operating profit (loss) | 9901 | €16,796 | -€19,053 | -€35,849 | |
| Financial income | 75/76B | €169 | €15,784 | +€15,615 | +9231.9% |
| Recurring financial income | 75 | €169 | €15,784 | +€15,615 | +9231.9% |
| Financial charges | 65/66B | €2,316 | €1,541 | -€775 | -33.5% |
| Recurring financial charges | 65 | €2,316 | €1,541 | -€775 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €14,649 | -€4,811 | -€19,460 | |
| Income taxes | 67/77 | €403 | - | -€403 | |
| Profit (loss) for the period | 9904 | €14,246 | -€4,811 | -€19,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,246 | -€4,811 | -€19,057 |
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.