B&L Co: 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.
B&L Co
Largest movements
- Financial fixed assets +€380,000
up €380,000 (+4.5%), from €8.5m to €8.9m
- Receivables within one year -€320,712
down €320,712 (-11.1%), from €2.9m to €2.6m
of which Other amounts receivable: -€531,007
- Other debts +€400,182
up €400,182 (+40.1%), from €996,895 to €1.4m
- Debts after one year -€328,877
down €328,877 (-11.0%), from €3.0m to €2.6m
of which Other amounts payable: -€1.3m
- Financial income -€182,197
down €182,197 (-47.3%), from €385,346 to €203,149
- Financial charges +€39,343
up €39,343 (+25.8%), from €152,626 to €191,969
- Depreciation +€10,424
up €10,424 (+1,301%), from €801 to €11,225
- Staff costs +€7,613
up €7,613 (+4.5%), from €168,461 to €176,075
- Gross operating margin -€2,779
down €2,779 (-1.5%), from €187,064 to €184,285
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 | €11,501,317 | €11,627,076 | +€125,759 | +1.1% |
| Fixed assets | 21/28 | €8,517,409 | €9,002,184 | +€484,775 | +5.7% |
| Intangible fixed assets | 21 | - | €105,576 | +€105,576 | |
| Tangible fixed assets | 22/27 | €1,951 | €1,150 | -€801 | -41.1% |
| Plant, machinery and equipment | 23 | €1,951 | €1,150 | -€801 | -41.1% |
| Financial fixed assets | 28 | €8,515,458 | €8,895,458 | +€380,000 | +4.5% |
| Current assets | 29/58 | €2,983,907 | €2,624,892 | -€359,015 | -12.0% |
| Amounts receivable within one year | 40/41 | €2,885,904 | €2,565,192 | -€320,712 | -11.1% |
| Trade receivables | 40 | €346,533 | €556,828 | +€210,295 | +60.7% |
| Other amounts receivable | 41 | €2,539,371 | €2,008,364 | -€531,007 | -20.9% |
| Cash at bank and in hand | 54/58 | €98,003 | €59,700 | -€38,303 | -39.1% |
| Total equity and liabilities | 10/49 | €11,501,317 | €11,627,076 | +€125,759 | +1.1% |
| Equity | 10/15 | €6,965,137 | €6,973,158 | +€8,021 | +0.1% |
| Contributions | 10/11 | €5,809,000 | €5,809,000 | = | 0.0% |
| Reserves | 13 | €86,301 | €86,301 | = | 0.0% |
| Distributable reserves | 133 | €86,301 | €86,301 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,069,836 | €1,077,857 | +€8,021 | +0.7% |
| Amounts payable | 17/49 | €4,536,180 | €4,653,918 | +€117,738 | +2.6% |
| Amounts payable after more than one year | 17 | €2,977,867 | €2,648,990 | -€328,877 | -11.0% |
| Financial debts | 170/4 | €1,710,867 | €2,648,990 | +€938,123 | +54.8% |
| Other amounts payable | 178/9 | €1,267,000 | - | -€1.3m | |
| Amounts payable within one year | 42/48 | €1,558,313 | €2,004,928 | +€446,615 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €505,483 | €543,346 | +€37,863 | +7.5% |
| Financial debts | 43 | €0 | €14,909 | +€14,909 | |
| Credit institutions | 430/8 | €0 | €14,909 | +€14,909 | |
| Trade debts | 44 | €36,020 | €28,627 | -€7,393 | -20.5% |
| Suppliers | 440/4 | €36,020 | €28,627 | -€7,393 | -20.5% |
| Taxes, remuneration and social security | 45 | €19,915 | €20,970 | +€1,054 | +5.3% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €19,915 | €20,970 | +€1,054 | +5.3% |
| Other amounts payable | 47/48 | €996,895 | €1,397,077 | +€400,182 | +40.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €168,461 | €176,075 | +€7,613 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €801 | €11,225 | +€10,424 | +1,301% |
| Other operating charges | 640/8 | €531 | €144 | -€387 | -72.9% |
| Gross operating margin | 9900 | €187,064 | €184,285 | -€2,779 | -1.5% |
| Operating profit (loss) | 9901 | €17,271 | -€3,159 | -€20,430 | |
| Financial income | 75/76B | €385,346 | €203,149 | -€182,197 | -47.3% |
| Recurring financial income | 75 | €385,346 | €203,149 | -€182,197 | -47.3% |
| Financial charges | 65/66B | €152,626 | €191,969 | +€39,343 | +25.8% |
| Recurring financial charges | 65 | €152,626 | €191,969 | +€39,343 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €249,991 | €8,021 | -€241,970 | -96.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €249,991 | €8,021 | -€241,970 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €249,991 | €8,021 | -€241,970 | -96.8% |
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 22 October 2026 via checked.be.