A BLOC: 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.
A BLOC
Largest movements
- Current investments +€30,500
up €30,500 (+33.0%), from €92,500 to €123,000
- Tangible fixed assets +€25,024
up €25,024 (+2,089%), from €1,198 to €26,222
of which Other tangible fixed assets: +€22,835
- Receivables within one year +€20,108
up €20,108 (+176%), from €11,407 to €31,515
of which Trade receivables: +€19,632
- Cash -€1,972
down €1,972 (-64.4%), from €3,061 to €1,089
mainly Current investments (-€30,500) and Investment in fixed assets (net) (-€26,474)
- Reserves +€75,000
up €75,000 (+93.8%), from €80,000 to €155,000
- Gross operating margin -€11,420
down €11,420 (-10.7%), from €106,521 to €95,102
- Taxes -€2,671
down €2,671 (-12.4%), from €21,583 to €18,912
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 | €109,207 | €182,748 | +€73,541 | +67.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,198 | €26,222 | +€25,024 | +2,089% |
| Tangible fixed assets | 22/27 | €1,198 | €26,222 | +€25,024 | +2,089% |
| Plant, machinery and equipment | 23 | €1,198 | €2,178 | +€980 | +81.8% |
| Furniture and vehicles | 24 | - | €1,210 | +€1,210 | |
| Other tangible fixed assets | 26 | - | €22,835 | +€22,835 | |
| Current assets | 29/58 | €108,009 | €156,526 | +€48,517 | +44.9% |
| Amounts receivable within one year | 40/41 | €11,407 | €31,515 | +€20,108 | +176% |
| Trade receivables | 40 | €11,374 | €31,006 | +€19,632 | +173% |
| Other amounts receivable | 41 | €33 | €509 | +€475 | +1,428% |
| Current investments | 50/53 | €92,500 | €123,000 | +€30,500 | +33.0% |
| Cash at bank and in hand | 54/58 | €3,061 | €1,089 | -€1,972 | -64.4% |
| Deferred charges and accrued income | 490/1 | €1,041 | €922 | -€119 | -11.4% |
| Total equity and liabilities | 10/49 | €109,207 | €182,748 | +€73,541 | +67.3% |
| Equity | 10/15 | €86,205 | €160,209 | +€74,004 | +85.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €155,000 | +€75,000 | +93.8% |
| Distributable reserves | 133 | €80,000 | €155,000 | +€75,000 | +93.8% |
| Profit (loss) carried forward | 14 | €1,205 | €209 | -€996 | -82.6% |
| Amounts payable | 17/49 | €23,002 | €22,539 | -€463 | -2.0% |
| Amounts payable within one year | 42/48 | €22,605 | €22,171 | -€434 | -1.9% |
| Trade debts | 44 | €322 | €0 | -€322 | -100% |
| Suppliers | 440/4 | €322 | €0 | -€322 | -100% |
| Taxes, remuneration and social security | 45 | €21,450 | €21,338 | -€112 | -0.5% |
| Taxes | 450/3 | €21,450 | €21,338 | -€112 | -0.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €397 | €368 | -€29 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,459 | €1,449 | -€1,010 | -41.1% |
| Other operating charges | 640/8 | €898 | €593 | -€304 | -33.9% |
| Gross operating margin | 9900 | €106,521 | €95,102 | -€11,420 | -10.7% |
| Operating profit (loss) | 9901 | €103,164 | €93,059 | -€10,105 | -9.8% |
| Financial income | 75/76B | €521 | €831 | +€311 | +59.7% |
| Recurring financial income | 75 | €521 | €831 | +€311 | +59.7% |
| Financial charges | 65/66B | €64 | €141 | +€77 | +121% |
| Recurring financial charges | 65 | €64 | €141 | +€77 | +121% |
| Profit (loss) for the period before taxes | 9903 | €103,621 | €93,749 | -€9,872 | -9.5% |
| Income taxes | 67/77 | €21,583 | €18,912 | -€2,671 | -12.4% |
| Profit (loss) for the period | 9904 | €82,038 | €74,837 | -€7,201 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,038 | €74,837 | -€7,201 | -8.8% |
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 19 October 2026 via checked.be.