HOLDING BILOBA: 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.
HOLDING BILOBA
Largest movements
- Financial fixed assets -€51.2m
down €51.2m (-42.2%), from €121.3m to €70.2m
- Current investments -€5.0m
down €5.0m (-71.6%), from €7.0m to €2.0m
- Reserves -€58.7m
down €58.7m (-52.3%), from €112.2m to €53.6m
of which Distributable reserves: -€58.7m
- Financial income +€261.1m
up €261.1m (+5,038%), from €5.2m to €266.2m
of which Financial income: +€260.7m
- Financial charges -€3.6m
down €3.6m (-81.1%), from €4.4m to €830,086
of which Financial charges: -€3.6m
- Gross operating margin +€180,032
up €180,032 (+36.4%), from -€494,969 to -€314,937
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 | €134,567,384 | €75,915,175 | -€58.7m | -43.6% |
| Fixed assets | 21/28 | €121,357,018 | €70,222,565 | -€51.1m | -42.1% |
| Tangible fixed assets | 22/27 | €12,697 | €55,453 | +€42,755 | +337% |
| Furniture and vehicles | 24 | €12,697 | €55,453 | +€42,755 | +337% |
| Financial fixed assets | 28 | €121,344,320 | €70,167,113 | -€51.2m | -42.2% |
| Current assets | 29/58 | €13,210,366 | €5,692,610 | -€7.5m | -56.9% |
| Amounts receivable within one year | 40/41 | €1,535,935 | €377,033 | -€1.2m | -75.5% |
| Other amounts receivable | 41 | €1,535,935 | €377,033 | -€1.2m | -75.5% |
| Current investments | 50/53 | €7,048,350 | €2,000,000 | -€5.0m | -71.6% |
| Cash at bank and in hand | 54/58 | €4,590,899 | €3,314,227 | -€1.3m | -27.8% |
| Deferred charges and accrued income | 490/1 | €35,183 | €1,350 | -€33,833 | -96.2% |
| Total equity and liabilities | 10/49 | €134,567,384 | €75,915,175 | -€58.7m | -43.6% |
| Equity | 10/15 | €134,551,489 | €75,898,331 | -€58.7m | -43.6% |
| Contributions | 10/11 | €22,303,861 | €22,303,861 | = | 0.0% |
| Reserves | 13 | €112,247,000 | €53,592,000 | -€58.7m | -52.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €112,247,000 | €53,592,000 | -€58.7m | -52.3% |
| Profit (loss) carried forward | 14 | €628 | €2,469 | +€1,841 | +293% |
| Amounts payable | 17/49 | €15,895 | €16,844 | +€950 | +6.0% |
| Amounts payable within one year | 42/48 | €15,895 | €16,844 | +€950 | +6.0% |
| Trade debts | 44 | €15,895 | €16,844 | +€950 | +6.0% |
| Suppliers | 440/4 | €15,895 | €16,844 | +€950 | +6.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,056 | €10,459 | +€3,403 | +48.2% |
| Other operating charges | 640/8 | €93,910 | €95,061 | +€1,150 | +1.2% |
| Gross operating margin | 9900 | -€494,969 | -€314,937 | +€180,032 | +36.4% |
| Operating profit (loss) | 9901 | -€595,936 | -€420,457 | +€175,479 | +29.4% |
| Financial income | 75/76B | €5,182,063 | €266,239,324 | +€261.1m | +5,038% |
| Recurring financial income | 75 | €5,182,063 | €265,887,412 | +€260.7m | +5,031% |
| Non-recurring financial income | 76B | - | €351,912 | +€351,912 | |
| Financial charges | 65/66B | €4,402,536 | €830,086 | -€3.6m | -81.1% |
| Recurring financial charges | 65 | €4,402,536 | €830,086 | -€3.6m | -81.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €183,591 | €264,988,781 | +€264.8m | +144,236% |
| Income taxes | 67/77 | €3,551 | €460 | -€3,091 | -87.1% |
| Profit (loss) for the period | 9904 | €180,041 | €264,988,321 | +€264.8m | +147,082% |
| Profit (loss) for the period to be appropriated | 9905 | €180,041 | €264,988,321 | +€264.8m | +147,082% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.