B L TOITURES: 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 TOITURES
Largest movements
- Tangible fixed assets +€33,407
new in 2025: €33,407
- Cash +€14,045
up €14,045 (+16.0%), from €87,844 to €101,888
mainly Debts after one year (+€21,305) and Net result for the year (+€16,684)
- Receivables within one year -€5,101
down €5,101 (-11.2%), from €45,608 to €40,507
of which Other amounts receivable: -€7,929
- Debts after one year +€21,305
up €21,305, from €0 to €21,305
- Profit (loss) carried forward +€16,684
up €16,684 (+23.4%), from €71,369 to €88,053
- Other debts -€12,555
down €12,555 (-62.8%), from €20,000 to €7,445
- Current portion of long-term debt +€7,883
new in 2025: €7,883
- Tax, wage and social debts +€6,584
up €6,584 (+35.4%), from €18,599 to €25,183
of which Remuneration and social security: +€6,837
- Staff costs +€25,172
new in 2025: €25,172
- Gross operating margin -€14,603
down €14,603 (-19.7%), from €74,224 to €59,621
- Taxes -€10,754
down €10,754 (-72.3%), from €14,870 to €4,116
- Depreciation +€5,500
up €5,500 (+183%), from €3,000 to €8,500
- Other operating charges +€3,155
up €3,155 (+394%), from €801 to €3,955
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 | €135,206 | €177,798 | +€42,591 | +31.5% |
| Fixed assets | 21/28 | €1,000 | €34,577 | +€33,577 | +3,358% |
| Tangible fixed assets | 22/27 | - | €33,407 | +€33,407 | |
| Furniture and vehicles | 24 | - | €33,407 | +€33,407 | |
| Financial fixed assets | 28 | €1,000 | €1,170 | +€170 | +17.0% |
| Current assets | 29/58 | €134,206 | €143,220 | +€9,014 | +6.7% |
| Amounts receivable within one year | 40/41 | €45,608 | €40,507 | -€5,101 | -11.2% |
| Trade receivables | 40 | €27,710 | €30,538 | +€2,828 | +10.2% |
| Other amounts receivable | 41 | €17,898 | €9,969 | -€7,929 | -44.3% |
| Cash at bank and in hand | 54/58 | €87,844 | €101,888 | +€14,045 | +16.0% |
| Deferred charges and accrued income | 490/1 | €755 | €825 | +€71 | +9.4% |
| Total equity and liabilities | 10/49 | €135,206 | €177,798 | +€42,591 | +31.5% |
| Equity | 10/15 | €75,369 | €92,053 | +€16,684 | +22.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,369 | €88,053 | +€16,684 | +23.4% |
| Amounts payable | 17/49 | €59,837 | €85,745 | +€25,907 | +43.3% |
| Amounts payable after more than one year | 17 | €0 | €21,305 | +€21,305 | |
| Financial debts | 170/4 | €0 | €21,305 | +€21,305 | |
| Amounts payable within one year | 42/48 | €59,837 | €64,335 | +€4,497 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,883 | +€7,883 | |
| Trade debts | 44 | €21,239 | €23,824 | +€2,585 | +12.2% |
| Suppliers | 440/4 | €21,239 | €23,824 | +€2,585 | +12.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €18,599 | €25,183 | +€6,584 | +35.4% |
| Taxes | 450/3 | €18,599 | €18,346 | -€253 | -1.4% |
| Remuneration and social security | 454/9 | - | €6,837 | +€6,837 | |
| Other amounts payable | 47/48 | €20,000 | €7,445 | -€12,555 | -62.8% |
| Accrued charges and deferred income | 492/3 | - | €105 | +€105 | |
| Non-recurring operating income | 76A | €1,597 | €0 | -€1,597 | -100% |
| Remuneration, social security and pensions | 62 | - | €25,172 | +€25,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €8,500 | +€5,500 | +183% |
| Other operating charges | 640/8 | €801 | €3,955 | +€3,155 | +394% |
| Non-recurring operating charges | 66A | €1,685 | €0 | -€1,685 | -100% |
| Gross operating margin | 9900 | €74,224 | €59,621 | -€14,603 | -19.7% |
| Operating profit (loss) | 9901 | €68,738 | €21,993 | -€46,745 | -68.0% |
| Financial income | 75/76B | €410 | €257 | -€153 | -37.3% |
| Recurring financial income | 75 | €410 | €257 | -€153 | -37.3% |
| Financial charges | 65/66B | €1,038 | €1,450 | +€412 | +39.7% |
| Recurring financial charges | 65 | €1,038 | €1,450 | +€412 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €68,110 | €20,800 | -€47,310 | -69.5% |
| Income taxes | 67/77 | €14,870 | €4,116 | -€10,754 | -72.3% |
| Profit (loss) for the period | 9904 | €53,240 | €16,684 | -€36,556 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,240 | €16,684 | -€36,556 | -68.7% |
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 29 October 2026 via checked.be.