B.L.L.: 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.L.
Largest movements
- Tangible fixed assets -€50,174
down €50,174 (-4.8%), from €1.0m to €990,159
of which Land and buildings: -€41,601
- Receivables within one year -€27,081
down €27,081 (-22.8%), from €118,787 to €91,706
of which Trade receivables: -€38,041
- Debts after one year -€45,620
down €45,620 (-7.0%), from €648,138 to €602,519
of which Financial debts: -€54,860
- Profit (loss) carried forward +€13,314
up €13,314 (+78.5%), from -€16,963 to -€3,649
- Tax, wage and social debts -€11,829
down €11,829 (-98.2%), from €12,047 to €219
of which Taxes: -€10,008
- Gross operating margin +€33,823
up €33,823 (+32.2%), from €105,019 to €138,842
- Staff costs -€18,039
down €18,039 (-93.5%), from €19,290 to €1,251
- Other operating charges +€8,973
up €8,973 (+32.1%), from €27,980 to €36,954
- Depreciation +€6,937
up €6,937 (+12.4%), from €55,955 to €62,892
- Financial charges +€5,462
up €5,462 (+24.9%), from €21,946 to €27,408
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 | €1,174,335 | €1,120,423 | -€53,912 | -4.6% |
| Fixed assets | 21/28 | €1,044,484 | €994,310 | -€50,173 | -4.8% |
| Tangible fixed assets | 22/27 | €1,040,334 | €990,159 | -€50,174 | -4.8% |
| Land and buildings | 22 | €1,001,686 | €960,086 | -€41,601 | -4.2% |
| Plant, machinery and equipment | 23 | €17,747 | €17,394 | -€353 | -2.0% |
| Furniture and vehicles | 24 | €20,901 | €12,680 | -€8,221 | -39.3% |
| Financial fixed assets | 28 | €4,150 | €4,151 | +€1 | 0.0% |
| Current assets | 29/58 | €129,851 | €126,112 | -€3,739 | -2.9% |
| Amounts receivable within one year | 40/41 | €118,787 | €91,706 | -€27,081 | -22.8% |
| Trade receivables | 40 | €97,254 | €59,213 | -€38,041 | -39.1% |
| Other amounts receivable | 41 | €21,533 | €32,493 | +€10,960 | +50.9% |
| Cash at bank and in hand | 54/58 | €4,394 | €16,009 | +€11,615 | +264% |
| Deferred charges and accrued income | 490/1 | €6,670 | €18,397 | +€11,727 | +176% |
| Total equity and liabilities | 10/49 | €1,174,335 | €1,120,423 | -€53,912 | -4.6% |
| Equity | 10/15 | €402,039 | €413,827 | +€11,788 | +2.9% |
| Contributions | 10/11 | €66,006 | €66,006 | = | 0.0% |
| Revaluation surpluses | 12 | €50,645 | €45,844 | -€4,801 | -9.5% |
| Reserves | 13 | €302,351 | €305,626 | +€3,275 | +1.1% |
| Non-distributable reserves | 130/1 | €114,036 | €118,837 | +€4,801 | +4.2% |
| Other | 1319 | €114,036 | €118,837 | +€4,801 | +4.2% |
| Tax-exempt reserves | 132 | €13,662 | €12,136 | -€1,526 | -11.2% |
| Distributable reserves | 133 | €174,653 | €174,653 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,963 | -€3,649 | +€13,314 | +78.5% |
| Provisions and deferred taxes | 16 | €9,108 | €8,090 | -€1,017 | -11.2% |
| Deferred taxes | 168 | €9,108 | €8,090 | -€1,017 | -11.2% |
| Amounts payable | 17/49 | €763,189 | €698,505 | -€64,684 | -8.5% |
| Amounts payable after more than one year | 17 | €648,138 | €602,519 | -€45,620 | -7.0% |
| Financial debts | 170/4 | €634,193 | €579,334 | -€54,860 | -8.7% |
| Other amounts payable | 178/9 | €13,945 | €23,185 | +€9,240 | +66.3% |
| Amounts payable within one year | 42/48 | €113,836 | €94,664 | -€19,171 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €56,134 | €57,360 | +€1,225 | +2.2% |
| Trade debts | 44 | €21,073 | €19,393 | -€1,680 | -8.0% |
| Suppliers | 440/4 | €21,073 | €19,393 | -€1,680 | -8.0% |
| Advances received on contracts in progress | 46 | €39 | - | -€39 | |
| Taxes, remuneration and social security | 45 | €12,047 | €219 | -€11,829 | -98.2% |
| Taxes | 450/3 | €10,226 | €219 | -€10,008 | -97.9% |
| Remuneration and social security | 454/9 | €1,821 | - | -€1,821 | |
| Other amounts payable | 47/48 | €24,542 | €17,693 | -€6,849 | -27.9% |
| Accrued charges and deferred income | 492/3 | €1,215 | €1,322 | +€107 | +8.8% |
| Remuneration, social security and pensions | 62 | €19,290 | €1,251 | -€18,039 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,955 | €62,892 | +€6,937 | +12.4% |
| Other operating charges | 640/8 | €27,980 | €36,954 | +€8,973 | +32.1% |
| Gross operating margin | 9900 | €105,019 | €138,842 | +€33,823 | +32.2% |
| Operating profit (loss) | 9901 | €1,793 | €37,745 | +€35,952 | +2,005% |
| Financial income | 75/76B | €510 | €653 | +€143 | +27.9% |
| Recurring financial income | 75 | €510 | €653 | +€143 | +27.9% |
| Financial charges | 65/66B | €21,946 | €27,408 | +€5,462 | +24.9% |
| Recurring financial charges | 65 | €21,946 | €27,408 | +€5,462 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,643 | €10,990 | +€30,633 | |
| Transfer from deferred taxes | 780 | €1,017 | €1,017 | = | 0.0% |
| Income taxes | 67/77 | -€138 | €219 | +€356 | |
| Profit (loss) for the period | 9904 | -€18,488 | €11,788 | +€30,277 | |
| Transfer from tax-exempt reserves | 789 | €1,526 | €1,526 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,963 | €13,314 | +€30,277 |
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 14 October 2026 via checked.be.