B-LEC INVEST: what changed
What changed
B-LEC INVEST
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€349,138
2024 · €95,875+€253,263
Equity
€509,258
2024 · €160,120+€349,138
Cash
€3,550
2024 · €8,487-€4,937
Balance sheet total
€716,147
2024 · €425,570+€290,577
Largest movements
Assets
- Receivables within one year +€298,514
up €298,514 (+262%), from €114,083 to €412,597
of which Other amounts receivable: +€299,356
Equity and liabilities
- Reserves +€349,138
up €349,138 (+317%), from €110,120 to €459,258
- Debts after one year -€59,896
down €59,896 (-31.9%), from €187,734 to €127,838
Income statement
- Financial income +€252,844
up €252,844 (+344%), from €73,561 to €326,405
- Financial charges -€2,550
down €2,550 (-21.0%), from €12,152 to €9,602
- Gross operating margin -€1,451
down €1,451 (-3.6%), from €40,675 to €39,224
- Taxes +€485
up €485 (+7.8%), from €6,209 to €6,695
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€95,875
Gross operating margin
-€1,451
Other operating charges
-€194
Financial income
+€252,844
Financial charges
+€2,550
Taxes
-€485
Result 2025
€349,138
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€49,426
Investment
+€3,000
Financing
-€57,363
Cash 2024
€8,487
From operations (derived)
+€49,426
Net result for the year
+€349,138
Receivables within one year
-€298,514
Trade debts
+€806
Tax, wage and social debts
+€2,546
Other debts
-€2,549
Accrued charges and deferred income
-€2,000
Investment (derived)
+€3,000
Investment in fixed assets (net)
+€3,000
Financing
-€57,363
Debts after one year
-€59,896
Current portion of long-term debt
+€2,533
Cash 2025
€3,550
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €425,570 | €716,147 | +€290,577 | +68.3% |
| Fixed assets | 21/28 | €303,000 | €300,000 | -€3,000 | -1.0% |
| Financial fixed assets | 28 | €303,000 | €300,000 | -€3,000 | -1.0% |
| Current assets | 29/58 | €122,570 | €416,147 | +€293,577 | +240% |
| Amounts receivable within one year | 40/41 | €114,083 | €412,597 | +€298,514 | +262% |
| Trade receivables | 40 | €10,522 | €9,680 | -€842 | -8.0% |
| Other amounts receivable | 41 | €103,561 | €402,917 | +€299,356 | +289% |
| Cash at bank and in hand | 54/58 | €8,487 | €3,550 | -€4,937 | -58.2% |
| Total equity and liabilities | 10/49 | €425,570 | €716,147 | +€290,577 | +68.3% |
| Equity | 10/15 | €160,120 | €509,258 | +€349,138 | +218% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €110,120 | €459,258 | +€349,138 | +317% |
| Distributable reserves | 133 | €110,120 | €459,258 | +€349,138 | +317% |
| Amounts payable | 17/49 | €265,450 | €206,889 | -€58,561 | -22.1% |
| Amounts payable after more than one year | 17 | €187,734 | €127,838 | -€59,896 | -31.9% |
| Financial debts | 170/4 | €187,734 | €127,838 | -€59,896 | -31.9% |
| Amounts payable within one year | 42/48 | €75,715 | €79,051 | +€3,336 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €57,363 | €59,896 | +€2,533 | +4.4% |
| Trade debts | 44 | €28 | €833 | +€806 | +2,905% |
| Suppliers | 440/4 | €28 | €833 | +€806 | +2,905% |
| Taxes, remuneration and social security | 45 | €15,776 | €18,321 | +€2,546 | +16.1% |
| Taxes | 450/3 | €15,776 | €18,321 | +€2,546 | +16.1% |
| Other amounts payable | 47/48 | €2,549 | €0 | -€2,549 | -100% |
| Accrued charges and deferred income | 492/3 | €2,000 | €0 | -€2,000 | -100% |
| Other operating charges | 640/8 | - | €194 | +€194 | |
| Gross operating margin | 9900 | €40,675 | €39,224 | -€1,451 | -3.6% |
| Operating profit (loss) | 9901 | €40,675 | €39,030 | -€1,645 | -4.0% |
| Financial income | 75/76B | €73,561 | €326,405 | +€252,844 | +344% |
| Recurring financial income | 75 | €73,561 | €326,405 | +€252,844 | +344% |
| Financial charges | 65/66B | €12,152 | €9,602 | -€2,550 | -21.0% |
| Recurring financial charges | 65 | €12,152 | €9,602 | -€2,550 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €102,084 | €355,833 | +€253,749 | +249% |
| Income taxes | 67/77 | €6,209 | €6,695 | +€485 | +7.8% |
| Profit (loss) for the period | 9904 | €95,875 | €349,138 | +€253,263 | +264% |
| Profit (loss) for the period to be appropriated | 9905 | €95,875 | €349,138 | +€253,263 | +264% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.