MARKET BILZEN: what changed
What changed
MARKET BILZEN
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
€18,363
2024 · -€18,720+€37,082
Equity
€9,643
2024 · -€8,720+€18,363
Cash
€484,122
2024 · €276,954+€207,168
Balance sheet total
€2.9m
2024 · €2.7m+€188,093
Largest movements
Assets
- Cash +€207,168
up €207,168 (+74.8%), from €276,954 to €484,122
mainly Depreciation (+€172,801) and Debts after one year (+€128,434)
- Intangible fixed assets -€150,000
down €150,000 (-10.9%), from €1.4m to €1.2m
- Tangible fixed assets +€89,786
up €89,786 (+155%), from €57,993 to €147,778
of which Plant, machinery and equipment: +€65,395
- Receivables within one year +€77,337
up €77,337 (+20.8%), from €371,149 to €448,487
of which Trade receivables: +€97,852
- Stocks and contracts -€36,147
down €36,147 (-5.7%), from €637,965 to €601,818
Equity and liabilities
- Debts after one year +€128,434
up €128,434 (+6.6%), from €2.0m to €2.1m
of which Trade debts: +€232,659
Income statement
- Gross operating margin +€326,667
up €326,667 (+32.8%), from €996,942 to €1.3m
- Staff costs +€206,194
up €206,194 (+24.8%), from €832,552 to €1.0m
- Depreciation +€47,040
up €47,040 (+37.4%), from €125,761 to €172,801
- Financial charges +€29,725
up €29,725 (+54.0%), from €55,090 to €84,815
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€18,720
Gross operating margin
+€326,667
Staff costs
-€206,194
Depreciation
-€47,040
Other operating charges
-€2,216
Financial income
+€651
Financial charges
-€29,725
Taxes
-€5,060
Result 2025
€18,363
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€168,078
Investment
-€112,076
Financing
+€151,166
Cash 2024
€276,954
From operations (derived)
+€168,078
Net result for the year
+€18,363
Depreciation
+€172,801
Stocks and contracts
+€36,147
Receivables within one year
-€77,337
Deferred charges and accrued income
-€459
Trade debts
+€16,313
Tax, wage and social debts
+€15,379
Accrued charges and deferred income
-€13,127
Investment (derived)
-€112,076
Investment in fixed assets (net)
-€112,076
Financing
+€151,166
Debts after one year
+€128,434
Current portion of long-term debt
+€25,463
Short-term financial debts
-€2,731
Cash 2025
€484,122
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,726,033 | €2,914,127 | +€188,093 | +6.9% |
| Formation expenses | 20 | €2,169 | €1,659 | -€510 | -23.5% |
| Fixed assets | 21/28 | €1,435,979 | €1,375,765 | -€60,214 | -4.2% |
| Intangible fixed assets | 21 | €1,376,045 | €1,226,045 | -€150,000 | -10.9% |
| Tangible fixed assets | 22/27 | €57,993 | €147,778 | +€89,786 | +155% |
| Plant, machinery and equipment | 23 | €37,395 | €102,790 | +€65,395 | +175% |
| Leasing and similar rights | 25 | €9,031 | €26,445 | +€17,414 | +193% |
| Other tangible fixed assets | 26 | €11,566 | €18,543 | +€6,977 | +60.3% |
| Financial fixed assets | 28 | €1,941 | €1,941 | = | 0.0% |
| Current assets | 29/58 | €1,287,885 | €1,536,703 | +€248,818 | +19.3% |
| Stocks and contracts in progress | 3 | €637,965 | €601,818 | -€36,147 | -5.7% |
| Stocks | 30/36 | €637,965 | €601,818 | -€36,147 | -5.7% |
| Amounts receivable within one year | 40/41 | €371,149 | €448,487 | +€77,337 | +20.8% |
| Trade receivables | 40 | €204,421 | €302,273 | +€97,852 | +47.9% |
| Other amounts receivable | 41 | €166,729 | €146,214 | -€20,514 | -12.3% |
| Cash at bank and in hand | 54/58 | €276,954 | €484,122 | +€207,168 | +74.8% |
| Deferred charges and accrued income | 490/1 | €1,817 | €2,276 | +€459 | +25.3% |
| Total equity and liabilities | 10/49 | €2,726,033 | €2,914,127 | +€188,093 | +6.9% |
| Equity | 10/15 | -€8,720 | €9,643 | +€18,363 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,720 | -€357 | +€18,363 | +98.1% |
| Amounts payable | 17/49 | €2,734,753 | €2,904,483 | +€169,731 | +6.2% |
| Amounts payable after more than one year | 17 | €1,954,812 | €2,083,246 | +€128,434 | +6.6% |
| Financial debts | 170/4 | €977,598 | €873,372 | -€104,226 | -10.7% |
| Trade debts | 175 | €687,215 | €919,874 | +€232,659 | +33.9% |
| Other amounts payable | 178/9 | €290,000 | €290,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €763,543 | €817,968 | +€54,424 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €225,301 | €250,765 | +€25,463 | +11.3% |
| Financial debts | 43 | €2,731 | €0 | -€2,731 | -100% |
| Credit institutions | 430/8 | €2,731 | €0 | -€2,731 | -100% |
| Trade debts | 44 | €356,314 | €372,627 | +€16,313 | +4.6% |
| Suppliers | 440/4 | €356,314 | €372,627 | +€16,313 | +4.6% |
| Taxes, remuneration and social security | 45 | €179,197 | €194,576 | +€15,379 | +8.6% |
| Taxes | 450/3 | €131 | €5,322 | +€5,191 | +3,962% |
| Remuneration and social security | 454/9 | €179,066 | €189,253 | +€10,187 | +5.7% |
| Accrued charges and deferred income | 492/3 | €16,397 | €3,270 | -€13,127 | -80.1% |
| Remuneration, social security and pensions | 62 | €832,552 | €1,038,746 | +€206,194 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,761 | €172,801 | +€47,040 | +37.4% |
| Other operating charges | 640/8 | €3,255 | €5,471 | +€2,216 | +68.1% |
| Gross operating margin | 9900 | €996,942 | €1,323,609 | +€326,667 | +32.8% |
| Operating profit (loss) | 9901 | €35,373 | €106,590 | +€71,217 | +201% |
| Financial income | 75/76B | €1,129 | €1,779 | +€651 | +57.6% |
| Recurring financial income | 75 | €1,129 | €1,779 | +€651 | +57.6% |
| Financial charges | 65/66B | €55,090 | €84,815 | +€29,725 | +54.0% |
| Recurring financial charges | 65 | €55,090 | €84,815 | +€29,725 | +54.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,589 | €23,554 | +€42,143 | |
| Income taxes | 67/77 | €131 | €5,191 | +€5,060 | +3,862% |
| Profit (loss) for the period | 9904 | -€18,720 | €18,363 | +€37,082 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,720 | €18,363 | +€37,082 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.