Bilpaper Editions: 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.
Bilpaper Editions
Largest movements
- Intangible fixed assets +€11,880
up €11,880 (+216%), from €5,510 to €17,390
- Cash -€8,317
down €8,317 (-13.9%), from €59,973 to €51,656
mainly Investment in fixed assets (net) (-€14,317) and Other debts (-€14,214)
- Stocks and contracts -€2,487
down €2,487 (-30.0%), from €8,290 to €5,803
- Other debts -€14,214
down €14,214 (-59.4%), from €23,949 to €9,734
- Profit (loss) carried forward +€9,685
up €9,685 (+14.7%), from €66,106 to €75,791
- Trade debts +€5,412
up €5,412 (+25.8%), from €21,015 to €26,427
- Turnover -€29,836
down €29,836 (-7.7%), from €387,053 to €357,217
- Purchases and services -€29,134
down €29,134 (-7.9%), from €366,744 to €337,610
- Taxes +€5,880
up €5,880 (+150%), from €3,921 to €9,801
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,521 | €132,404 | +€883 | +0.7% |
| Fixed assets | 21/28 | €6,569 | €19,681 | +€13,113 | +200% |
| Intangible fixed assets | 21 | €5,510 | €17,390 | +€11,880 | +216% |
| Tangible fixed assets | 22/27 | €1,059 | €2,291 | +€1,233 | +116% |
| Furniture and vehicles | 24 | €1,059 | €2,291 | +€1,233 | +116% |
| Current assets | 29/58 | €124,952 | €112,722 | -€12,230 | -9.8% |
| Stocks and contracts in progress | 3 | €8,290 | €5,803 | -€2,487 | -30.0% |
| Stocks | 30/36 | €8,290 | €5,803 | -€2,487 | -30.0% |
| Amounts receivable within one year | 40/41 | €52,838 | €51,696 | -€1,142 | -2.2% |
| Trade receivables | 40 | €52,252 | €45,717 | -€6,535 | -12.5% |
| Other amounts receivable | 41 | €586 | €5,979 | +€5,393 | +921% |
| Cash at bank and in hand | 54/58 | €59,973 | €51,656 | -€8,317 | -13.9% |
| Deferred charges and accrued income | 490/1 | €3,852 | €3,567 | -€285 | -7.4% |
| Total equity and liabilities | 10/49 | €131,521 | €132,404 | +€883 | +0.7% |
| Equity | 10/15 | €86,557 | €96,242 | +€9,685 | +11.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,106 | €75,791 | +€9,685 | +14.7% |
| Amounts payable | 17/49 | €44,964 | €36,162 | -€8,802 | -19.6% |
| Amounts payable within one year | 42/48 | €44,964 | €36,162 | -€8,802 | -19.6% |
| Trade debts | 44 | €21,015 | €26,427 | +€5,412 | +25.8% |
| Suppliers | 440/4 | €21,015 | €26,427 | +€5,412 | +25.8% |
| Other amounts payable | 47/48 | €23,949 | €9,734 | -€14,214 | -59.4% |
| Turnover | 70 | €387,053 | €357,217 | -€29,836 | -7.7% |
| Non-recurring operating income | 76A | - | €2,516 | +€2,516 | |
| Goods, raw materials, services and sundry goods | 60/61 | €366,744 | €337,610 | -€29,134 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,069 | €1,205 | +€136 | +12.7% |
| Other operating charges | 640/8 | €384 | €1,199 | +€815 | +212% |
| Gross operating margin | 9900 | €20,309 | €22,123 | +€1,814 | +8.9% |
| Operating profit (loss) | 9901 | €18,856 | €19,720 | +€864 | +4.6% |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €186 | €262 | +€77 | +41.3% |
| Recurring financial charges | 65 | €186 | €262 | +€77 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | €18,670 | €19,486 | +€816 | +4.4% |
| Income taxes | 67/77 | €3,921 | €9,801 | +€5,880 | +150% |
| Profit (loss) for the period | 9904 | €14,749 | €9,685 | -€5,064 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,749 | €9,685 | -€5,064 | -34.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.