BILSEN: 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.
What changed
BILSEN
NACE 47.783, Retail trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,831
2024 · €50,020-€27,188
Equity
€222,832
2024 · €219,581+€3,251
Cash
€89,615
2024 · €101,063-€11,449
Balance sheet total
€2.0m
2024 · €2.1m-€94,387
Largest movements
Assets
- Receivables within one year -€35,547
down €35,547 (-6.2%), from €575,602 to €540,055
of which Other amounts receivable: -€30,063
- Tangible fixed assets -€28,322
down €28,322 (-6.6%), from €426,916 to €398,594
Equity and liabilities
- Trade debts -€143,944
down €143,944 (-18.2%), from €792,366 to €648,421
- Short-term financial debts +€112,455
up €112,455 (+31.8%), from €353,328 to €465,784
of which Credit institutions: +€112,386
- Tax, wage and social debts -€39,762
down €39,762 (-10.5%), from €379,136 to €339,374
of which Taxes: -€66,516
- Debts after one year -€23,824
down €23,824 (-8.4%), from €282,063 to €258,239
Income statement
- Staff costs +€38,740
up €38,740 (+9.6%), from €401,856 to €440,596
- Taxes -€12,158
down €12,158 (-50.4%), from €24,133 to €11,975
- Gross operating margin +€8,827
up €8,827 (+1.5%), from €584,393 to €593,220
- Financial charges +€8,452
up €8,452 (+13.3%), from €63,731 to €72,183
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
€50,020
Gross operating margin
+€8,827
Staff costs
-€38,740
Depreciation
-€1,700
Other operating charges
-€368
Financial income
+€1,087
Financial charges
-€8,452
Taxes
+€12,158
Result 2025
€22,831
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.
From operations
-€63,963
Investment
-€15,217
Financing
+€67,732
Cash 2024
€101,063
From operations (derived)
-€63,963
Net result for the year
+€22,831
Depreciation
+€40,520
Receivables after one year
+€6,433
Stocks and contracts
+€13,773
Receivables within one year
+€35,547
Deferred charges and accrued income
+€1,883
Trade debts
-€143,944
Tax, wage and social debts
-€39,762
Advances received
-€1,859
Other debts
+€3,232
Accrued charges and deferred income
-€2,617
Investment (derived)
-€15,217
Investment in fixed assets (net)
-€15,217
Financing
+€67,732
Debts after one year
-€23,824
Current portion of long-term debt
-€1,319
Short-term financial debts
+€112,455
Contributions, distributions and other
-€19,581
Cash 2025
€89,615
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,083,740 | €1,989,353 | -€94,387 | -4.5% |
| Fixed assets | 21/28 | €443,803 | €418,500 | -€25,303 | -5.7% |
| Intangible fixed assets | 21 | €507 | €3,527 | +€3,020 | +595.9% |
| Tangible fixed assets | 22/27 | €426,916 | €398,594 | -€28,322 | -6.6% |
| Land and buildings | 22 | €299,606 | €287,307 | -€12,299 | -4.1% |
| Plant, machinery and equipment | 23 | €79,131 | €65,005 | -€14,126 | -17.9% |
| Furniture and vehicles | 24 | €2,093 | €7,343 | +€5,250 | +250.8% |
| Leasing and similar rights | 25 | €5,310 | €1,747 | -€3,563 | -67.1% |
| Other tangible fixed assets | 26 | €40,776 | €37,191 | -€3,584 | -8.8% |
| Financial fixed assets | 28 | €16,380 | €16,380 | = | 0.0% |
| Current assets | 29/58 | €1,639,937 | €1,570,852 | -€69,085 | -4.2% |
| Amounts receivable after more than one year | 29 | €12,031 | €5,598 | -€6,433 | -53.5% |
| Other amounts receivable | 291 | €12,031 | €5,598 | -€6,433 | -53.5% |
| Stocks and contracts in progress | 3 | €948,017 | €934,244 | -€13,773 | -1.5% |
| Stocks | 30/36 | €948,017 | €934,244 | -€13,773 | -1.5% |
| Amounts receivable within one year | 40/41 | €575,602 | €540,055 | -€35,547 | -6.2% |
| Trade receivables | 40 | €374,037 | €368,553 | -€5,483 | -1.5% |
| Other amounts receivable | 41 | €201,565 | €171,502 | -€30,063 | -14.9% |
| Cash at bank and in hand | 54/58 | €101,063 | €89,615 | -€11,449 | -11.3% |
| Deferred charges and accrued income | 490/1 | €3,224 | €1,341 | -€1,883 | -58.4% |
| Total equity and liabilities | 10/49 | €2,083,740 | €1,989,353 | -€94,387 | -4.5% |
| Equity | 10/15 | €219,581 | €222,832 | +€3,251 | +1.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €200,989 | €204,239 | +€3,251 | +1.6% |
| Distributable reserves | 133 | €200,989 | €204,239 | +€3,251 | +1.6% |
| Amounts payable | 17/49 | €1,864,159 | €1,766,521 | -€97,638 | -5.2% |
| Amounts payable after more than one year | 17 | €282,063 | €258,239 | -€23,824 | -8.4% |
| Financial debts | 170/4 | €282,063 | €258,239 | -€23,824 | -8.4% |
| Amounts payable within one year | 42/48 | €1,573,653 | €1,502,457 | -€71,197 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €25,143 | €23,824 | -€1,319 | -5.2% |
| Financial debts | 43 | €353,328 | €465,784 | +€112,455 | +31.8% |
| Credit institutions | 430/8 | €350,000 | €462,386 | +€112,386 | +32.1% |
| Other loans | 439 | €3,328 | €3,398 | +€70 | +2.1% |
| Trade debts | 44 | €792,366 | €648,421 | -€143,944 | -18.2% |
| Suppliers | 440/4 | €792,366 | €648,421 | -€143,944 | -18.2% |
| Advances received on contracts in progress | 46 | €1,859 | - | -€1,859 | |
| Taxes, remuneration and social security | 45 | €379,136 | €339,374 | -€39,762 | -10.5% |
| Taxes | 450/3 | €288,391 | €221,875 | -€66,516 | -23.1% |
| Remuneration and social security | 454/9 | €90,745 | €117,499 | +€26,754 | +29.5% |
| Other amounts payable | 47/48 | €21,821 | €25,053 | +€3,232 | +14.8% |
| Accrued charges and deferred income | 492/3 | €8,442 | €5,825 | -€2,617 | -31.0% |
| Remuneration, social security and pensions | 62 | €401,856 | €440,596 | +€38,740 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,820 | €40,520 | +€1,700 | +4.4% |
| Other operating charges | 640/8 | €14,234 | €14,603 | +€368 | +2.6% |
| Gross operating margin | 9900 | €584,393 | €593,220 | +€8,827 | +1.5% |
| Operating profit (loss) | 9901 | €129,483 | €97,501 | -€31,982 | -24.7% |
| Financial income | 75/76B | €8,401 | €9,488 | +€1,087 | +12.9% |
| Recurring financial income | 75 | €8,401 | €9,488 | +€1,087 | +12.9% |
| Financial charges | 65/66B | €63,731 | €72,183 | +€8,452 | +13.3% |
| Recurring financial charges | 65 | €63,731 | €72,183 | +€8,452 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €74,153 | €34,807 | -€39,346 | -53.1% |
| Income taxes | 67/77 | €24,133 | €11,975 | -€12,158 | -50.4% |
| Profit (loss) for the period | 9904 | €50,020 | €22,831 | -€27,188 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,020 | €22,831 | -€27,188 | -54.4% |
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 7 October 2026 via checked.be.