B.S.L.: 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.S.L.
Largest movements
- Cash -€79,674
down €79,674 (-27.5%), from €289,799 to €210,125
mainly Investment in fixed assets (net) (-€168,152) and Net result for the year (-€4,413)
- Tangible fixed assets +€60,701
up €60,701 (+27.5%), from €220,706 to €281,407
of which Furniture and vehicles: +€78,088
- Financial fixed assets +€60,000
new in 2025: €60,000
- Receivables within one year -€36,651
down €36,651 (-21.5%), from €170,457 to €133,806
of which Other amounts receivable: -€57,957
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€23,035
up €23,035 (+94.3%), from €24,417 to €47,451
- Gross operating margin +€10,273
up €10,273 (+20.0%), from €51,326 to €61,599
- Other operating charges +€5,833
up €5,833 (+48.1%), from €12,123 to €17,956
- Taxes -€2,518
down €2,518 (-84.6%), from €2,974 to €457
- Financial charges -€1,737
down €1,737 (-92.1%), from €1,885 to €148
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 | €688,183 | €690,407 | +€2,223 | +0.3% |
| Fixed assets | 21/28 | €220,706 | €341,407 | +€120,701 | +54.7% |
| Tangible fixed assets | 22/27 | €220,706 | €281,407 | +€60,701 | +27.5% |
| Land and buildings | 22 | €160,331 | €139,118 | -€21,213 | -13.2% |
| Plant, machinery and equipment | 23 | - | €3,825 | +€3,825 | |
| Furniture and vehicles | 24 | €60,376 | €138,463 | +€78,088 | +129% |
| Financial fixed assets | 28 | - | €60,000 | +€60,000 | |
| Current assets | 29/58 | €467,477 | €349,000 | -€118,477 | -25.3% |
| Amounts receivable within one year | 40/41 | €170,457 | €133,806 | -€36,651 | -21.5% |
| Trade receivables | 40 | €110,457 | €131,763 | +€21,306 | +19.3% |
| Other amounts receivable | 41 | €60,000 | €2,043 | -€57,957 | -96.6% |
| Cash at bank and in hand | 54/58 | €289,799 | €210,125 | -€79,674 | -27.5% |
| Deferred charges and accrued income | 490/1 | €7,222 | €5,068 | -€2,153 | -29.8% |
| Total equity and liabilities | 10/49 | €688,183 | €690,407 | +€2,223 | +0.3% |
| Equity | 10/15 | €675,380 | €670,967 | -€4,413 | -0.7% |
| Contributions | 10/11 | €361,555 | €361,555 | = | 0.0% |
| Capital | 10 | €236,800 | €236,800 | = | 0.0% |
| Issued capital | 100 | €236,800 | €236,800 | = | 0.0% |
| Contributions outside capital | 11 | €124,755 | €124,755 | = | 0.0% |
| Share premium | 1100/10 | €124,755 | €124,755 | = | 0.0% |
| Reserves | 13 | €26,840 | €26,840 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,410 | €17,410 | = | 0.0% |
| Legal reserve | 130 | €17,410 | €17,410 | = | 0.0% |
| Distributable reserves | 133 | €9,431 | €9,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | €286,985 | €282,572 | -€4,413 | -1.5% |
| Amounts payable | 17/49 | €12,803 | €19,440 | +€6,636 | +51.8% |
| Amounts payable within one year | 42/48 | €11,495 | €18,132 | +€6,636 | +57.7% |
| Trade debts | 44 | €9,171 | €8,930 | -€241 | -2.6% |
| Suppliers | 440/4 | €9,171 | €8,930 | -€241 | -2.6% |
| Taxes, remuneration and social security | 45 | €2,324 | €9,202 | +€6,878 | +296% |
| Taxes | 450/3 | €2,324 | €9,202 | +€6,878 | +296% |
| Accrued charges and deferred income | 492/3 | €1,308 | €1,308 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,417 | €47,451 | +€23,035 | +94.3% |
| Other operating charges | 640/8 | €12,123 | €17,956 | +€5,833 | +48.1% |
| Gross operating margin | 9900 | €51,326 | €61,599 | +€10,273 | +20.0% |
| Operating profit (loss) | 9901 | €14,786 | -€3,808 | -€18,594 | |
| Financial charges | 65/66B | €1,885 | €148 | -€1,737 | -92.1% |
| Recurring financial charges | 65 | €1,885 | €148 | -€1,737 | -92.1% |
| Profit (loss) for the period before taxes | 9903 | €12,901 | -€3,956 | -€16,858 | |
| Income taxes | 67/77 | €2,974 | €457 | -€2,518 | -84.6% |
| Profit (loss) for the period | 9904 | €9,927 | -€4,413 | -€14,340 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,927 | -€4,413 | -€14,340 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.