B & L SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets +€145,235
up €145,235 (+217%), from €66,927 to €212,162
of which Land and buildings: +€111,153
- Cash -€43,513
down €43,513 (-29.5%), from €147,629 to €104,116
mainly Investment in fixed assets (net) (-€190,059) and Contributions, distributions and other (-€71,249)
- Stocks and contracts -€17,448
down €17,448 (-37.5%), from €46,587 to €29,139
- Receivables within one year +€13,121
up €13,121, from €0 to €13,121
of which Other amounts receivable: +€13,121
- Deferred charges and accrued income +€4,163
up €4,163 (+150%), from €2,779 to €6,943
- Debts after one year +€80,499
up €80,499 (+301%), from €26,711 to €107,210
- Other debts +€32,177
up €32,177 (+79.3%), from €40,584 to €72,761
- Tax, wage and social debts -€20,398
down €20,398 (-79.8%), from €25,576 to €5,178
of which Taxes: -€17,680
- Current portion of long-term debt +€5,204
up €5,204 (+22.3%), from €23,296 to €28,501
- Trade debts +€4,076
up €4,076 (+45.9%), from €8,882 to €12,957
- Gross operating margin +€58,107
up €58,107 (+36.7%), from €158,403 to €216,510
- Staff costs +€25,964
up €25,964 (+44.6%), from €58,202 to €84,166
- Depreciation +€13,757
up €13,757 (+44.3%), from €31,068 to €44,825
- Taxes -€2,863
down €2,863 (-15.6%), from €18,319 to €15,457
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 | €263,923 | €365,481 | +€101,558 | +38.5% |
| Fixed assets | 21/28 | €66,927 | €212,162 | +€145,235 | +217% |
| Tangible fixed assets | 22/27 | €66,927 | €212,162 | +€145,235 | +217% |
| Land and buildings | 22 | - | €111,153 | +€111,153 | |
| Plant, machinery and equipment | 23 | €28,199 | €25,056 | -€3,144 | -11.1% |
| Furniture and vehicles | 24 | €9,479 | €54,304 | +€44,825 | +473% |
| Leasing and similar rights | 25 | €24,410 | €17,382 | -€7,029 | -28.8% |
| Other tangible fixed assets | 26 | €4,838 | €4,267 | -€570 | -11.8% |
| Current assets | 29/58 | €196,996 | €153,319 | -€43,677 | -22.2% |
| Stocks and contracts in progress | 3 | €46,587 | €29,139 | -€17,448 | -37.5% |
| Stocks | 30/36 | €46,587 | €29,139 | -€17,448 | -37.5% |
| Amounts receivable within one year | 40/41 | €0 | €13,121 | +€13,121 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €13,121 | +€13,121 | |
| Cash at bank and in hand | 54/58 | €147,629 | €104,116 | -€43,513 | -29.5% |
| Deferred charges and accrued income | 490/1 | €2,779 | €6,943 | +€4,163 | +150% |
| Total equity and liabilities | 10/49 | €263,923 | €365,481 | +€101,558 | +38.5% |
| Equity | 10/15 | €138,873 | €138,873 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €133,873 | €133,873 | = | 0.0% |
| Distributable reserves | 133 | €133,873 | €133,873 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €125,050 | €226,608 | +€101,558 | +81.2% |
| Amounts payable after more than one year | 17 | €26,711 | €107,210 | +€80,499 | +301% |
| Financial debts | 170/4 | €26,711 | €107,210 | +€80,499 | +301% |
| Amounts payable within one year | 42/48 | €98,338 | €119,397 | +€21,059 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €23,296 | €28,501 | +€5,204 | +22.3% |
| Trade debts | 44 | €8,882 | €12,957 | +€4,076 | +45.9% |
| Suppliers | 440/4 | €8,882 | €12,957 | +€4,076 | +45.9% |
| Taxes, remuneration and social security | 45 | €25,576 | €5,178 | -€20,398 | -79.8% |
| Taxes | 450/3 | €20,978 | €3,298 | -€17,680 | -84.3% |
| Remuneration and social security | 454/9 | €4,598 | €1,880 | -€2,718 | -59.1% |
| Other amounts payable | 47/48 | €40,584 | €72,761 | +€32,177 | +79.3% |
| Remuneration, social security and pensions | 62 | €58,202 | €84,166 | +€25,964 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,068 | €44,825 | +€13,757 | +44.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €372 | €0 | -€372 | -100% |
| Other operating charges | 640/8 | €432 | €2,291 | +€1,859 | +430% |
| Non-recurring operating charges | 66A | €684 | €0 | -€684 | -100% |
| Gross operating margin | 9900 | €158,403 | €216,510 | +€58,107 | +36.7% |
| Operating profit (loss) | 9901 | €67,646 | €85,228 | +€17,582 | +26.0% |
| Financial income | 75/76B | €3,378 | €3,303 | -€75 | -2.2% |
| Recurring financial income | 75 | €3,378 | €3,303 | -€75 | -2.2% |
| Financial charges | 65/66B | €2,411 | €1,826 | -€586 | -24.3% |
| Recurring financial charges | 65 | €2,411 | €1,826 | -€586 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €68,612 | €86,705 | +€18,093 | +26.4% |
| Income taxes | 67/77 | €18,319 | €15,457 | -€2,863 | -15.6% |
| Profit (loss) for the period | 9904 | €50,293 | €71,249 | +€20,955 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,293 | €71,249 | +€20,955 | +41.7% |
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 16 October 2026 via checked.be.