BILT: 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.
BILT
Largest movements
- Cash -€377,135
down €377,135 (-45.9%), from €820,990 to €443,854
mainly Other debts (-€283,756) and Debts after one year (-€242,911)
- Tangible fixed assets -€130,765
down €130,765 (-3.6%), from €3.6m to €3.5m
of which Land and buildings: -€140,040
- Financial fixed assets -€63,471
down €63,471 (-10.6%), from €600,524 to €537,053
- Other debts -€283,756
down €283,756 (-80.9%), from €350,827 to €67,072
- Debts after one year -€242,911
down €242,911 (-9.5%), from €2.6m to €2.3m
- Reserves -€83,517
down €83,517 (-3.8%), from €2.2m to €2.1m
of which Distributable reserves: -€83,517
- Depreciation +€71,398
up €71,398 (+48.8%), from €146,360 to €217,758
- Financial charges -€66,410
down €66,410 (-53.3%), from €124,635 to €58,225
- Gross operating margin -€66,148
down €66,148 (-24.0%), from €275,747 to €209,599
- Other operating charges -€41,816
down €41,816 (-69.8%), from €59,877 to €18,061
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 | €5,391,281 | €4,790,571 | -€600,710 | -11.1% |
| Fixed assets | 21/28 | €4,216,496 | €4,020,909 | -€195,588 | -4.6% |
| Intangible fixed assets | 21 | €2,467 | €1,115 | -€1,352 | -54.8% |
| Tangible fixed assets | 22/27 | €3,613,505 | €3,482,740 | -€130,765 | -3.6% |
| Land and buildings | 22 | €3,548,384 | €3,408,344 | -€140,040 | -3.9% |
| Plant, machinery and equipment | 23 | €54,177 | €45,550 | -€8,627 | -15.9% |
| Furniture and vehicles | 24 | €10,944 | €9,454 | -€1,490 | -13.6% |
| Assets under construction and advance payments | 27 | - | €19,391 | +€19,391 | |
| Financial fixed assets | 28 | €600,524 | €537,053 | -€63,471 | -10.6% |
| Current assets | 29/58 | €1,174,785 | €769,662 | -€405,122 | -34.5% |
| Amounts receivable after more than one year | 29 | €68,000 | €87,737 | +€19,737 | +29.0% |
| Other amounts receivable | 291 | €68,000 | €87,737 | +€19,737 | +29.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €280,896 | €231,352 | -€49,544 | -17.6% |
| Trade receivables | 40 | €2,210 | €1,210 | -€1,000 | -45.2% |
| Other amounts receivable | 41 | €278,686 | €230,142 | -€48,544 | -17.4% |
| Cash at bank and in hand | 54/58 | €820,990 | €443,854 | -€377,135 | -45.9% |
| Deferred charges and accrued income | 490/1 | €4,899 | €6,720 | +€1,820 | +37.2% |
| Total equity and liabilities | 10/49 | €5,391,281 | €4,790,571 | -€600,710 | -11.1% |
| Equity | 10/15 | €2,215,863 | €2,132,346 | -€83,517 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,197,263 | €2,113,746 | -€83,517 | -3.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,195,403 | €2,111,886 | -€83,517 | -3.8% |
| Amounts payable | 17/49 | €3,175,418 | €2,658,225 | -€517,193 | -16.3% |
| Amounts payable after more than one year | 17 | €2,553,989 | €2,311,078 | -€242,911 | -9.5% |
| Financial debts | 170/4 | €2,553,989 | €2,311,078 | -€242,911 | -9.5% |
| Amounts payable within one year | 42/48 | €621,430 | €340,349 | -€281,081 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €245,451 | €246,738 | +€1,287 | +0.5% |
| Trade debts | 44 | €25,151 | €26,539 | +€1,388 | +5.5% |
| Suppliers | 440/4 | €25,151 | €26,539 | +€1,388 | +5.5% |
| Other amounts payable | 47/48 | €350,827 | €67,072 | -€283,756 | -80.9% |
| Accrued charges and deferred income | 492/3 | - | €6,798 | +€6,798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,360 | €217,758 | +€71,398 | +48.8% |
| Other operating charges | 640/8 | €59,877 | €18,061 | -€41,816 | -69.8% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €275,747 | €209,599 | -€66,148 | -24.0% |
| Operating profit (loss) | 9901 | €69,510 | -€27,220 | -€96,730 | |
| Financial income | 75/76B | €1,160 | €1,928 | +€768 | +66.2% |
| Recurring financial income | 75 | €1,160 | €1,928 | +€768 | +66.2% |
| Financial charges | 65/66B | €124,635 | €58,225 | -€66,410 | -53.3% |
| Recurring financial charges | 65 | €124,635 | €58,225 | -€66,410 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | -€53,966 | -€83,517 | -€29,552 | -54.8% |
| Profit (loss) for the period | 9904 | -€53,966 | -€83,517 | -€29,552 | -54.8% |
| Transfer from tax-exempt reserves | 789 | €356,000 | €0 | -€356,000 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €302,035 | -€83,517 | -€385,552 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.