B.L.M.: what changed
Two fiscal 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.M.
Largest movements
- Receivables after one year +€1.1m
up €1.1m (+112.2%), from €1.0m to €2.1m
- Receivables within one year -€254,119
down €254,119 (-30.6%), from €829,384 to €575,265
- Cash +€100,466
up €100,466 (+18.1%), from €555,084 to €655,550
mainly Other debts (+€955,452) and Receivables within one year (+€254,119)
- Other debts +€955,452
up €955,452 (+29.5%), from €3.2m to €4.2m
- Financial income +€65,180
up €65,180 (+941.0%), from €6,927 to €72,107
- Financial charges +€11,121
up €11,121 (+39.2%), from €28,339 to €39,460
- Gross operating margin -€2,955
down €2,955 (-73.8%), from -€4,002 to -€6,958
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.
Cash bridge derived
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 | €4,377,545 | €5,357,626 | +€980,081 | +22.4% |
| Fixed assets | 21/28 | €1,967,354 | €1,967,354 | = | 0.0% |
| Financial fixed assets | 28 | €1,967,354 | €1,967,354 | = | 0.0% |
| Current assets | 29/58 | €2,410,191 | €3,390,272 | +€980,081 | +40.7% |
| Amounts receivable after more than one year | 29 | €1,007,414 | €2,138,053 | +€1.1m | +112.2% |
| Other amounts receivable | 291 | €1,007,414 | €2,138,053 | +€1.1m | +112.2% |
| Amounts receivable within one year | 40/41 | €829,384 | €575,265 | -€254,119 | -30.6% |
| Other amounts receivable | 41 | €829,384 | €575,265 | -€254,119 | -30.6% |
| Current investments | 50/53 | €18,309 | €21,404 | +€3,095 | +16.9% |
| Cash at bank and in hand | 54/58 | €555,084 | €655,550 | +€100,466 | +18.1% |
| Total equity and liabilities | 10/49 | €4,377,545 | €5,357,626 | +€980,081 | +22.4% |
| Equity | 10/15 | €1,137,677 | €1,162,306 | +€24,629 | +2.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,027,677 | €1,052,306 | +€24,629 | +2.4% |
| Amounts payable | 17/49 | €3,239,868 | €4,195,319 | +€955,452 | +29.5% |
| Amounts payable within one year | 42/48 | €3,239,868 | €4,195,319 | +€955,452 | +29.5% |
| Trade debts | 44 | €1,275 | €1,275 | = | 0.0% |
| Suppliers | 440/4 | €1,275 | €1,275 | = | 0.0% |
| Other amounts payable | 47/48 | €3,238,593 | €4,194,044 | +€955,452 | +29.5% |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | -€4,002 | -€6,958 | -€2,955 | -73.8% |
| Operating profit (loss) | 9901 | -€5,032 | -€8,018 | -€2,986 | -59.3% |
| Financial income | 75/76B | €6,927 | €72,107 | +€65,180 | +941.0% |
| Recurring financial income | 75 | €6,927 | €72,107 | +€65,180 | +941.0% |
| Financial charges | 65/66B | €28,339 | €39,460 | +€11,121 | +39.2% |
| Recurring financial charges | 65 | €28,339 | €39,460 | +€11,121 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,444 | €24,629 | +€51,073 | |
| Profit (loss) for the period | 9904 | -€26,444 | €24,629 | +€51,073 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,444 | €24,629 | +€51,073 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.