BILSA: 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.
BILSA
Largest movements
- Stocks and contracts -€13,343
down €13,343 (-5.8%), from €231,931 to €218,588
- Cash +€5,132
up €5,132 (+33.0%), from €15,562 to €20,694
mainly Stocks and contracts (+€13,343) and Tax, wage and social debts (+€1,091)
- Other debts -€9,270
down €9,270 (-20.1%), from €46,011 to €36,741
- Gross operating margin -€17,458
down €17,458 (-77.3%), from €22,577 to €5,119
- Financial charges -€919
down €919 (-42.9%), from €2,143 to €1,224
- Other operating charges -€278
down €278 (-20.9%), from €1,331 to €1,053
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 | €252,659 | €245,491 | -€7,168 | -2.8% |
| Fixed assets | 21/28 | €4,834 | €4,284 | -€550 | -11.4% |
| Tangible fixed assets | 22/27 | €1,347 | €797 | -€550 | -40.8% |
| Other tangible fixed assets | 26 | €1,347 | €797 | -€550 | -40.8% |
| Financial fixed assets | 28 | €3,487 | €3,487 | = | 0.0% |
| Current assets | 29/58 | €247,825 | €241,207 | -€6,618 | -2.7% |
| Stocks and contracts in progress | 3 | €231,931 | €218,588 | -€13,343 | -5.8% |
| Stocks | 30/36 | €231,931 | €218,588 | -€13,343 | -5.8% |
| Amounts receivable within one year | 40/41 | €333 | €1,925 | +€1,593 | +478.8% |
| Trade receivables | 40 | €333 | €1,925 | +€1,593 | +478.8% |
| Cash at bank and in hand | 54/58 | €15,562 | €20,694 | +€5,132 | +33.0% |
| Total equity and liabilities | 10/49 | €252,659 | €245,491 | -€7,168 | -2.8% |
| Equity | 10/15 | €48,233 | €49,160 | +€927 | +1.9% |
| Contributions | 10/11 | €62,001 | €62,001 | = | 0.0% |
| Capital | 10 | €62,001 | €62,001 | = | 0.0% |
| Issued capital | 100 | €62,001 | €62,001 | = | 0.0% |
| Reserves | 13 | €1,076 | €1,076 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,076 | €1,076 | = | 0.0% |
| Legal reserve | 130 | €1,076 | €1,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,844 | -€13,916 | +€927 | +6.2% |
| Amounts payable | 17/49 | €204,427 | €196,331 | -€8,095 | -4.0% |
| Amounts payable within one year | 42/48 | €204,427 | €196,331 | -€8,095 | -4.0% |
| Trade debts | 44 | €148,229 | €148,314 | +€84 | +0.1% |
| Suppliers | 440/4 | €148,229 | €148,314 | +€84 | +0.1% |
| Taxes, remuneration and social security | 45 | €10,186 | €11,277 | +€1,091 | +10.7% |
| Taxes | 450/3 | €9,686 | €10,277 | +€591 | +6.1% |
| Remuneration and social security | 454/9 | €500 | €1,000 | +€500 | +100.0% |
| Other amounts payable | 47/48 | €46,011 | €36,741 | -€9,270 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €550 | = | 0.0% |
| Other operating charges | 640/8 | €1,331 | €1,053 | -€278 | -20.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €22,577 | €5,119 | -€17,458 | -77.3% |
| Operating profit (loss) | 9901 | €20,695 | €3,516 | -€17,179 | -83.0% |
| Financial income | 75/76B | €1 | €33 | +€32 | +2357.8% |
| Recurring financial income | 75 | €1 | €33 | +€32 | +2357.8% |
| Financial charges | 65/66B | €2,143 | €1,224 | -€919 | -42.9% |
| Recurring financial charges | 65 | €2,143 | €1,224 | -€919 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €18,554 | €2,325 | -€16,229 | -87.5% |
| Income taxes | 67/77 | €1,342 | €1,398 | +€55 | +4.1% |
| Profit (loss) for the period | 9904 | €17,211 | €927 | -€16,284 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,211 | €927 | -€16,284 | -94.6% |
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 3 October 2026 via checked.be.