BILOA: 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.
BILOA
Largest movements
- Tangible fixed assets +€594,176
up €594,176 (+414.3%), from €143,403 to €737,579
of which Land and buildings: +€575,348
- Receivables within one year -€115,304
down €115,304 (-77.6%), from €148,679 to €33,375
of which Trade receivables: -€102,994
- Cash -€63,295
down €63,295 (-21.1%), from €300,414 to €237,120
mainly Investment in fixed assets (net) (-€617,623) and Contributions, distributions and other (-€185,260)
- Debts after one year +€398,573
up €398,573 (+370.0%), from €107,729 to €506,302
- Tax, wage and social debts +€59,438
up €59,438 (+209.0%), from €28,436 to €87,874
- Reserves -€56,343
down €56,343 (-12.6%), from €446,419 to €390,075
- Current portion of long-term debt +€16,317
up €16,317 (+170.2%), from €9,587 to €25,904
- Depreciation +€15,762
up €15,762 (+205.1%), from €7,685 to €23,447
- Gross operating margin +€14,004
up €14,004 (+6.5%), from €215,562 to €229,566
- Financial charges +€13,110
up €13,110 (+325.3%), from €4,030 to €17,140
- Taxes -€3,998
down €3,998 (-6.3%), from €63,436 to €59,438
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 | €600,497 | €1,018,190 | +€417,693 | +69.6% |
| Fixed assets | 21/28 | €143,403 | €737,579 | +€594,176 | +414.3% |
| Tangible fixed assets | 22/27 | €143,403 | €737,579 | +€594,176 | +414.3% |
| Land and buildings | 22 | €140,916 | €716,264 | +€575,348 | +408.3% |
| Plant, machinery and equipment | 23 | €294 | €5,403 | +€5,109 | +1736.9% |
| Furniture and vehicles | 24 | €2,192 | €15,912 | +€13,719 | +625.8% |
| Current assets | 29/58 | €457,094 | €280,611 | -€176,483 | -38.6% |
| Amounts receivable within one year | 40/41 | €148,679 | €33,375 | -€115,304 | -77.6% |
| Trade receivables | 40 | €126,510 | €23,516 | -€102,994 | -81.4% |
| Other amounts receivable | 41 | €22,169 | €9,860 | -€12,309 | -55.5% |
| Cash at bank and in hand | 54/58 | €300,414 | €237,120 | -€63,295 | -21.1% |
| Deferred charges and accrued income | 490/1 | €8,001 | €10,116 | +€2,115 | +26.4% |
| Total equity and liabilities | 10/49 | €600,497 | €1,018,190 | +€417,693 | +69.6% |
| Equity | 10/15 | €446,419 | €390,075 | -€56,343 | -12.6% |
| Reserves | 13 | €446,419 | €390,075 | -€56,343 | -12.6% |
| Distributable reserves | 133 | €446,419 | €390,075 | -€56,343 | -12.6% |
| Amounts payable | 17/49 | €154,078 | €628,115 | +€474,037 | +307.7% |
| Amounts payable after more than one year | 17 | €107,729 | €506,302 | +€398,573 | +370.0% |
| Financial debts | 170/4 | €107,729 | €506,302 | +€398,573 | +370.0% |
| Amounts payable within one year | 42/48 | €46,349 | €121,813 | +€75,463 | +162.8% |
| Current portion of amounts payable after more than one year | 42 | €9,587 | €25,904 | +€16,317 | +170.2% |
| Trade debts | 44 | €8,326 | €8,034 | -€292 | -3.5% |
| Suppliers | 440/4 | €8,326 | €8,034 | -€292 | -3.5% |
| Taxes, remuneration and social security | 45 | €28,436 | €87,874 | +€59,438 | +209.0% |
| Taxes | 450/3 | €28,436 | €87,874 | +€59,438 | +209.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,685 | €23,447 | +€15,762 | +205.1% |
| Other operating charges | 640/8 | €1,639 | €1,479 | -€160 | -9.8% |
| Gross operating margin | 9900 | €215,562 | €229,566 | +€14,004 | +6.5% |
| Operating profit (loss) | 9901 | €206,238 | €204,640 | -€1,598 | -0.8% |
| Financial income | 75/76B | €1,359 | €854 | -€505 | -37.1% |
| Recurring financial income | 75 | €1,359 | €854 | -€505 | -37.1% |
| Financial charges | 65/66B | €4,030 | €17,140 | +€13,110 | +325.3% |
| Recurring financial charges | 65 | €4,030 | €17,140 | +€13,110 | +325.3% |
| Profit (loss) for the period before taxes | 9903 | €203,567 | €188,354 | -€15,213 | -7.5% |
| Income taxes | 67/77 | €63,436 | €59,438 | -€3,998 | -6.3% |
| Profit (loss) for the period | 9904 | €140,131 | €128,916 | -€11,215 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €140,131 | €128,916 | -€11,215 | -8.0% |
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 10 October 2026 via checked.be.