BILLA: 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.
What changed
BILLA
NACE 46.835, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€359,662
2024 · €431,538-€71,876
Equity
€2.1m
2024 · €1.7m+€359,662
Cash
€582,228
2024 · €588,990-€6,762
Balance sheet total
€6.3m
2024 · €4.5m+€1.9m
Largest movements
Assets
- Tangible fixed assets +€852,110
up €852,110 (+34.2%), from €2.5m to €3.3m
of which Land and buildings: +€854,787
- Financial fixed assets +€805,000
up €805,000 (+1,118%), from €72,001 to €877,001
- Stocks and contracts +€187,062
up €187,062 (+32.9%), from €568,373 to €755,435
Equity and liabilities
- Debts after one year +€924,659
up €924,659 (+47.5%), from €1.9m to €2.9m
- Short-term financial debts +€600,000
new in 2025: €600,000
- Reserves +€359,662
up €359,662 (+21.0%), from €1.7m to €2.1m
of which Distributable reserves: +€359,662
- Current portion of long-term debt +€82,199
up €82,199 (+50.8%), from €161,739 to €243,938
- Trade debts -€81,828
down €81,828 (-17.8%), from €460,937 to €379,109
Income statement
- Depreciation +€126,379
up €126,379 (+62.4%), from €202,629 to €329,008
- Staff costs -€35,109
down €35,109 (-10.9%), from €322,588 to €287,479
- Taxes -€19,443
down €19,443 (-14.1%), from €137,428 to €117,985
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
€431,538
Gross operating margin
-€6,247
Staff costs
+€35,109
Depreciation
-€126,379
Write-downs
-€8,236
Other operating charges
-€1,123
Other operating items
-€300
Financial income
+€6,628
Financial charges
+€9,228
Taxes
+€19,443
Result 2025
€359,662
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€372,498
Investment
-€2.0m
Financing
+€1.6m
Cash 2024
€588,990
From operations (derived)
+€372,498
Net result for the year
+€359,662
Depreciation
+€329,008
Stocks and contracts
-€187,062
Receivables within one year
-€13,167
Smaller working-capital items
-€7,235
Trade debts
-€81,828
Tax, wage and social debts
-€26,880
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€1.6m
Debts after one year
+€924,659
Current portion of long-term debt
+€82,199
Short-term financial debts
+€600,000
Cash 2025
€582,228
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,466,892 | €6,322,062 | +€1.9m | +41.5% |
| Fixed assets | 21/28 | €2,564,129 | €4,221,239 | +€1.7m | +64.6% |
| Tangible fixed assets | 22/27 | €2,492,128 | €3,344,238 | +€852,110 | +34.2% |
| Land and buildings | 22 | €2,331,626 | €3,186,412 | +€854,787 | +36.7% |
| Plant, machinery and equipment | 23 | €99,955 | €76,507 | -€23,448 | -23.5% |
| Furniture and vehicles | 24 | €28,189 | €58,385 | +€30,196 | +107% |
| Leasing and similar rights | 25 | €20,520 | €15,390 | -€5,130 | -25.0% |
| Other tangible fixed assets | 26 | €11,838 | €7,544 | -€4,294 | -36.3% |
| Financial fixed assets | 28 | €72,001 | €877,001 | +€805,000 | +1,118% |
| Current assets | 29/58 | €1,902,763 | €2,100,822 | +€198,059 | +10.4% |
| Stocks and contracts in progress | 3 | €568,373 | €755,435 | +€187,062 | +32.9% |
| Stocks | 30/36 | €568,373 | €755,435 | +€187,062 | +32.9% |
| Amounts receivable within one year | 40/41 | €711,575 | €724,742 | +€13,167 | +1.9% |
| Trade receivables | 40 | €684,268 | €685,485 | +€1,217 | +0.2% |
| Other amounts receivable | 41 | €27,307 | €39,257 | +€11,950 | +43.8% |
| Cash at bank and in hand | 54/58 | €588,990 | €582,228 | -€6,762 | -1.1% |
| Deferred charges and accrued income | 490/1 | €33,825 | €38,418 | +€4,593 | +13.6% |
| Total equity and liabilities | 10/49 | €4,466,892 | €6,322,062 | +€1.9m | +41.5% |
| Equity | 10/15 | €1,735,881 | €2,095,543 | +€359,662 | +20.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,715,881 | €2,075,543 | +€359,662 | +21.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,697,131 | €2,056,793 | +€359,662 | +21.2% |
| Amounts payable | 17/49 | €2,731,011 | €4,226,519 | +€1.5m | +54.8% |
| Amounts payable after more than one year | 17 | €1,944,973 | €2,869,632 | +€924,659 | +47.5% |
| Financial debts | 170/4 | €1,944,973 | €2,869,632 | +€924,659 | +47.5% |
| Amounts payable within one year | 42/48 | €786,038 | €1,356,887 | +€570,848 | +72.6% |
| Current portion of amounts payable after more than one year | 42 | €161,739 | €243,938 | +€82,199 | +50.8% |
| Financial debts | 43 | - | €600,000 | +€600,000 | |
| Credit institutions | 430/8 | - | €600,000 | +€600,000 | |
| Trade debts | 44 | €460,937 | €379,109 | -€81,828 | -17.8% |
| Suppliers | 440/4 | €460,937 | €379,109 | -€81,828 | -17.8% |
| Taxes, remuneration and social security | 45 | €128,878 | €101,998 | -€26,880 | -20.9% |
| Taxes | 450/3 | €97,022 | €90,831 | -€6,191 | -6.4% |
| Remuneration and social security | 454/9 | €31,856 | €11,166 | -€20,689 | -64.9% |
| Other amounts payable | 47/48 | €34,485 | €31,842 | -€2,642 | -7.7% |
| Non-recurring operating income | 76A | - | €1,371 | +€1,371 | |
| Remuneration, social security and pensions | 62 | €322,588 | €287,479 | -€35,109 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,629 | €329,008 | +€126,379 | +62.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,629 | -€2,392 | +€8,236 | +77.5% |
| Other operating charges | 640/8 | €44,596 | €45,719 | +€1,123 | +2.5% |
| Non-recurring operating charges | 66A | - | €300 | +€300 | |
| Gross operating margin | 9900 | €1,197,757 | €1,191,511 | -€6,247 | -0.5% |
| Operating profit (loss) | 9901 | €638,572 | €531,397 | -€107,175 | -16.8% |
| Financial income | 75/76B | €7,448 | €14,077 | +€6,628 | +89.0% |
| Recurring financial income | 75 | €7,448 | €14,077 | +€6,628 | +89.0% |
| Financial charges | 65/66B | €77,054 | €67,826 | -€9,228 | -12.0% |
| Recurring financial charges | 65 | €77,054 | €67,826 | -€9,228 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €568,966 | €477,648 | -€91,319 | -16.0% |
| Income taxes | 67/77 | €137,428 | €117,985 | -€19,443 | -14.1% |
| Profit (loss) for the period | 9904 | €431,538 | €359,662 | -€71,876 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €431,538 | €359,662 | -€71,876 | -16.7% |
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 31 October 2026 via checked.be.