B.L.M.: 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.M.
Largest movements
- Current investments -€85,000
down €85,000 (-100%), from €85,000 to €0
- Cash +€41,196
up €41,196 (+31.3%), from €131,642 to €172,839
mainly Net result for the year (+€232,636) and Current investments (+€85,000)
- Tangible fixed assets +€12,573
up €12,573 (+141%), from €8,900 to €21,473
of which Land and buildings: +€18,458
- Deferred charges and accrued income -€8,004
down €8,004 (-6.9%), from €115,491 to €107,487
- Other debts -€33,362
down €33,362 (-11.5%), from €289,283 to €255,921
- Tax, wage and social debts -€9,138
down €9,138 (-26.0%), from €35,206 to €26,068
- Gross operating margin +€16,411
up €16,411 (+5.3%), from €308,354 to €324,765
- Other operating charges +€4,416
up €4,416 (+702%), from €629 to €5,045
- Taxes +€4,094
up €4,094 (+5.7%), from €71,659 to €75,753
- Financial income +€4,069
up €4,069 (+625%), from €651 to €4,720
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 | €343,088 | €301,899 | -€41,189 | -12.0% |
| Fixed assets | 21/28 | €9,000 | €21,573 | +€12,573 | +140% |
| Tangible fixed assets | 22/27 | €8,900 | €21,473 | +€12,573 | +141% |
| Land and buildings | 22 | - | €18,458 | +€18,458 | |
| Plant, machinery and equipment | 23 | €3,756 | €0 | -€3,756 | -100% |
| Furniture and vehicles | 24 | €5,144 | €3,015 | -€2,129 | -41.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €334,088 | €280,326 | -€53,762 | -16.1% |
| Amounts receivable within one year | 40/41 | €1,955 | €0 | -€1,955 | -100% |
| Trade receivables | 40 | €1,955 | €0 | -€1,955 | -100% |
| Current investments | 50/53 | €85,000 | €0 | -€85,000 | -100% |
| Cash at bank and in hand | 54/58 | €131,642 | €172,839 | +€41,196 | +31.3% |
| Deferred charges and accrued income | 490/1 | €115,491 | €107,487 | -€8,004 | -6.9% |
| Total equity and liabilities | 10/49 | €343,088 | €301,899 | -€41,189 | -12.0% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €324,488 | €283,299 | -€41,189 | -12.7% |
| Amounts payable within one year | 42/48 | €324,488 | €283,299 | -€41,189 | -12.7% |
| Trade debts | 44 | €0 | €1,311 | +€1,311 | |
| Suppliers | 440/4 | €0 | €1,311 | +€1,311 | |
| Taxes, remuneration and social security | 45 | €35,206 | €26,068 | -€9,138 | -26.0% |
| Taxes | 450/3 | €35,206 | €26,068 | -€9,138 | -26.0% |
| Other amounts payable | 47/48 | €289,283 | €255,921 | -€33,362 | -11.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €10,081 | €11,231 | +€1,150 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,963 | €2,042 | -€921 | -31.1% |
| Other operating charges | 640/8 | €629 | €5,045 | +€4,416 | +702% |
| Gross operating margin | 9900 | €308,354 | €324,765 | +€16,411 | +5.3% |
| Operating profit (loss) | 9901 | €294,680 | €306,446 | +€11,766 | +4.0% |
| Financial income | 75/76B | €651 | €4,720 | +€4,069 | +625% |
| Recurring financial income | 75 | €651 | €4,720 | +€4,069 | +625% |
| Financial charges | 65/66B | €2,473 | €2,777 | +€304 | +12.3% |
| Recurring financial charges | 65 | €2,473 | €2,777 | +€304 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €292,859 | €308,389 | +€15,531 | +5.3% |
| Income taxes | 67/77 | €71,659 | €75,753 | +€4,094 | +5.7% |
| Profit (loss) for the period | 9904 | €221,200 | €232,636 | +€11,437 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €221,200 | €232,636 | +€11,437 | +5.2% |
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 13 October 2026 via checked.be.