BILTEC: 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
BILTEC
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€88,012
2024 · €48,509-€136,521
Equity
-€38,937
2024 · €49,075-€88,012
Cash
€2,266
2024 · €2,578-€312
Balance sheet total
€2.9m
2024 · €1.8m+€1.1m
Largest movements
Assets
- Stocks and contracts +€1.0m
up €1.0m (+56.4%), from €1.8m to €2.9m
Equity and liabilities
- Short-term financial debts +€672,583
up €672,583 (+122.3%), from €550,000 to €1.2m
- Other debts +€467,258
up €467,258 (+39.1%), from €1.2m to €1.7m
- Profit (loss) carried forward -€88,012
down €88,012 (-370.9%), from -€23,732 to -€111,745
Income statement
- Gross operating margin -€164,803
down €164,803, from €119,558 to -€45,245
- Financial charges -€29,584
down €29,584 (-43.9%), from €67,451 to €37,867
- Other operating charges +€1,239
up €1,239 (+62.6%), from €1,981 to €3,220
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
€48,509
Gross operating margin
-€164,803
Depreciation
+€148
Other operating charges
-€1,239
Financial income
-€205
Financial charges
+€29,584
Taxes
-€6
Result 2025
-€88,012
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
-€672,895
Investment
€0
Financing
+€672,583
Cash 2024
€2,578
From operations (derived)
-€672,895
Net result for the year
-€88,012
Depreciation
+€1,500
Stocks and contracts
-€1.0m
Receivables within one year
-€16,744
Smaller working-capital items
-€563
Other debts
+€467,258
Financing
+€672,583
Short-term financial debts
+€672,583
Cash 2025
€2,266
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,847,033 | €2,898,665 | +€1.1m | +56.9% |
| Fixed assets | 21/28 | €4,094 | €2,594 | -€1,500 | -36.6% |
| Tangible fixed assets | 22/27 | €4,094 | €2,594 | -€1,500 | -36.6% |
| Plant, machinery and equipment | 23 | €2,468 | €1,716 | -€751 | -30.5% |
| Furniture and vehicles | 24 | €508 | €318 | -€190 | -37.4% |
| Other tangible fixed assets | 26 | €1,118 | €559 | -€559 | -50.0% |
| Current assets | 29/58 | €1,842,939 | €2,896,072 | +€1.1m | +57.1% |
| Stocks and contracts in progress | 3 | €1,838,731 | €2,875,065 | +€1.0m | +56.4% |
| Stocks | 30/36 | €1,838,731 | €2,875,065 | +€1.0m | +56.4% |
| Amounts receivable within one year | 40/41 | €0 | €16,744 | +€16,744 | |
| Other amounts receivable | 41 | €0 | €16,744 | +€16,744 | |
| Cash at bank and in hand | 54/58 | €2,578 | €2,266 | -€312 | -12.1% |
| Deferred charges and accrued income | 490/1 | €1,630 | €1,997 | +€366 | +22.5% |
| Total equity and liabilities | 10/49 | €1,847,033 | €2,898,665 | +€1.1m | +56.9% |
| Equity | 10/15 | €49,075 | -€38,937 | -€88,012 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,608 | €66,608 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €64,748 | €64,748 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,732 | -€111,745 | -€88,012 | -370.9% |
| Amounts payable | 17/49 | €1,797,958 | €2,937,602 | +€1.1m | +63.4% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,745,633 | €2,887,602 | +€1.1m | +65.4% |
| Financial debts | 43 | €550,000 | €1,222,583 | +€672,583 | +122.3% |
| Credit institutions | 430/8 | €550,000 | €1,222,583 | +€672,583 | +122.3% |
| Trade debts | 44 | €1,439 | €3,729 | +€2,290 | +159.1% |
| Suppliers | 440/4 | €1,439 | €3,729 | +€2,290 | +159.1% |
| Taxes, remuneration and social security | 45 | €342 | €180 | -€162 | -47.3% |
| Taxes | 450/3 | €342 | €180 | -€162 | -47.3% |
| Other amounts payable | 47/48 | €1,193,853 | €1,661,110 | +€467,258 | +39.1% |
| Accrued charges and deferred income | 492/3 | €2,325 | €0 | -€2,325 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,648 | €1,500 | -€148 | -9.0% |
| Other operating charges | 640/8 | €1,981 | €3,220 | +€1,239 | +62.6% |
| Gross operating margin | 9900 | €119,558 | -€45,245 | -€164,803 | |
| Operating profit (loss) | 9901 | €115,930 | -€49,965 | -€165,895 | |
| Financial income | 75/76B | €205 | €0 | -€205 | -100.0% |
| Recurring financial income | 75 | €205 | €0 | -€205 | -100.0% |
| Financial charges | 65/66B | €67,451 | €37,867 | -€29,584 | -43.9% |
| Recurring financial charges | 65 | €67,451 | €37,867 | -€29,584 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €48,683 | -€87,832 | -€136,515 | |
| Income taxes | 67/77 | €174 | €180 | +€6 | +3.3% |
| Profit (loss) for the period | 9904 | €48,509 | -€88,012 | -€136,521 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,509 | -€88,012 | -€136,521 |
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.