Bilwood: 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.
Bilwood
Largest movements
- Receivables within one year -€10,508
down €10,508 (-72.9%), from €14,418 to €3,910
of which Trade receivables: -€12,885
- Cash +€9,563
up €9,563 (+42.2%), from €22,666 to €32,229
mainly Receivables within one year (+€10,508) and Net result for the year (+€5,200)
- Tangible fixed assets -€1,416
down €1,416 (-34.3%), from €4,123 to €2,708
of which Furniture and vehicles: -€1,016
- Deferred charges and accrued income -€487
no longer reported in 2025 (was €487)
- Profit (loss) carried forward +€5,200
up €5,200 (+38.8%), from €13,416 to €18,616
- Trade debts -€4,266
down €4,266 (-61.8%), from €6,905 to €2,639
- Other debts -€3,307
no longer reported in 2025 (was €3,307)
- Tax, wage and social debts -€475
no longer reported in 2025 (was €475)
- Gross operating margin +€41,710
up €41,710 (+1,209%), from €3,450 to €45,160
- Other operating charges +€37,701
up €37,701 (+5,106%), from €738 to €38,439
- Depreciation +€493
up €493 (+53.4%), from €923 to €1,416
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.
Derived cash bridge
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 | €42,447 | €39,599 | -€2,848 | -6.7% |
| Fixed assets | 21/28 | €4,875 | €3,460 | -€1,416 | -29.0% |
| Tangible fixed assets | 22/27 | €4,123 | €2,708 | -€1,416 | -34.3% |
| Plant, machinery and equipment | 23 | €1,731 | €1,331 | -€400 | -23.1% |
| Furniture and vehicles | 24 | €2,392 | €1,376 | -€1,016 | -42.5% |
| Financial fixed assets | 28 | €752 | €752 | = | 0.0% |
| Current assets | 29/58 | €37,572 | €36,139 | -€1,433 | -3.8% |
| Amounts receivable within one year | 40/41 | €14,418 | €3,910 | -€10,508 | -72.9% |
| Trade receivables | 40 | €14,418 | €1,533 | -€12,885 | -89.4% |
| Other amounts receivable | 41 | - | €2,377 | +€2,377 | |
| Cash at bank and in hand | 54/58 | €22,666 | €32,229 | +€9,563 | +42.2% |
| Deferred charges and accrued income | 490/1 | €487 | - | -€487 | |
| Total equity and liabilities | 10/49 | €42,447 | €39,599 | -€2,848 | -6.7% |
| Equity | 10/15 | €31,760 | €36,960 | +€5,200 | +16.4% |
| Contributions | 10/11 | €17,360 | €17,360 | = | 0.0% |
| Reserves | 13 | €984 | €984 | = | 0.0% |
| Non-distributable reserves | 130/1 | €984 | €984 | = | 0.0% |
| Reserves not available under the articles | 1311 | €984 | €984 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,416 | €18,616 | +€5,200 | +38.8% |
| Amounts payable | 17/49 | €10,687 | €2,639 | -€8,048 | -75.3% |
| Amounts payable within one year | 42/48 | €10,687 | €2,639 | -€8,048 | -75.3% |
| Trade debts | 44 | €6,905 | €2,639 | -€4,266 | -61.8% |
| Suppliers | 440/4 | €6,905 | €2,639 | -€4,266 | -61.8% |
| Taxes, remuneration and social security | 45 | €475 | - | -€475 | |
| Taxes | 450/3 | €475 | - | -€475 | |
| Other amounts payable | 47/48 | €3,307 | - | -€3,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €923 | €1,416 | +€493 | +53.4% |
| Other operating charges | 640/8 | €738 | €38,439 | +€37,701 | +5,106% |
| Gross operating margin | 9900 | €3,450 | €45,160 | +€41,710 | +1,209% |
| Operating profit (loss) | 9901 | €1,789 | €5,305 | +€3,516 | +197% |
| Financial income | 75/76B | €0 | €1 | +€0 | +44.9% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +44.9% |
| Financial charges | 65/66B | €251 | €106 | -€145 | -57.9% |
| Recurring financial charges | 65 | €251 | €106 | -€145 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €1,539 | €5,200 | +€3,661 | +238% |
| Profit (loss) for the period | 9904 | €1,539 | €5,200 | +€3,661 | +238% |
| Profit (loss) for the period to be appropriated | 9905 | €1,539 | €5,200 | +€3,661 | +238% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.