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
- Receivables within one year -€58,856
down €58,856 (-21.9%), from €268,971 to €210,115
of which Other amounts receivable: -€60,607
- Tangible fixed assets -€11,539
down €11,539 (-28.3%), from €40,738 to €29,199
of which Furniture and vehicles: -€10,502
- Cash +€5,509
up €5,509 (+33.9%), from €16,236 to €21,745
mainly Other debts (+€66,308) and Receivables within one year (+€58,856)
- Reserves -€124,621
down €124,621 (-44.5%), from €280,347 to €155,726
of which Distributable reserves: -€124,621
- Other debts +€66,308
up €66,308 (+89.2%), from €74,340 to €140,649
- Current portion of long-term debt -€8,639
no longer reported in 2025 (was €8,639)
- Gross operating margin -€3,133
down €3,133 (-7.7%), from €40,570 to €37,437
- Taxes +€2,413
up €2,413 (+43.7%), from €5,522 to €7,935
- Financial charges +€881
up €881 (+105%), from €842 to €1,723
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 | €326,696 | €261,059 | -€65,636 | -20.1% |
| Fixed assets | 21/28 | €40,738 | €29,199 | -€11,539 | -28.3% |
| Tangible fixed assets | 22/27 | €40,738 | €29,199 | -€11,539 | -28.3% |
| Furniture and vehicles | 24 | €35,970 | €25,468 | -€10,502 | -29.2% |
| Other tangible fixed assets | 26 | €4,768 | €3,731 | -€1,037 | -21.7% |
| Current assets | 29/58 | €285,957 | €231,860 | -€54,097 | -18.9% |
| Amounts receivable within one year | 40/41 | €268,971 | €210,115 | -€58,856 | -21.9% |
| Trade receivables | 40 | €3,000 | €4,751 | +€1,751 | +58.4% |
| Other amounts receivable | 41 | €265,971 | €205,364 | -€60,607 | -22.8% |
| Cash at bank and in hand | 54/58 | €16,236 | €21,745 | +€5,509 | +33.9% |
| Deferred charges and accrued income | 490/1 | €750 | - | -€750 | |
| Total equity and liabilities | 10/49 | €326,696 | €261,059 | -€65,636 | -20.1% |
| Equity | 10/15 | €239,376 | €114,754 | -€124,621 | -52.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €280,347 | €155,726 | -€124,621 | -44.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €278,487 | €153,866 | -€124,621 | -44.7% |
| Profit (loss) carried forward | 14 | -€47,171 | -€47,171 | = | 0.0% |
| Amounts payable | 17/49 | €87,320 | €146,305 | +€58,985 | +67.6% |
| Amounts payable within one year | 42/48 | €87,320 | €146,305 | +€58,985 | +67.6% |
| Current portion of amounts payable after more than one year | 42 | €8,639 | - | -€8,639 | |
| Trade debts | 44 | €223 | €1,826 | +€1,603 | +719% |
| Suppliers | 440/4 | €223 | €1,826 | +€1,603 | +719% |
| Taxes, remuneration and social security | 45 | €4,117 | €3,831 | -€287 | -7.0% |
| Taxes | 450/3 | €4,117 | €3,831 | -€287 | -7.0% |
| Other amounts payable | 47/48 | €74,340 | €140,649 | +€66,308 | +89.2% |
| Non-recurring operating income | 76A | €5,789 | - | -€5,789 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,191 | €11,539 | +€349 | +3.1% |
| Other operating charges | 640/8 | €554 | €221 | -€332 | -60.0% |
| Gross operating margin | 9900 | €40,570 | €37,437 | -€3,133 | -7.7% |
| Operating profit (loss) | 9901 | €28,826 | €25,677 | -€3,149 | -10.9% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €842 | €1,723 | +€881 | +105% |
| Recurring financial charges | 65 | €842 | €1,723 | +€881 | +105% |
| Profit (loss) for the period before taxes | 9903 | €27,984 | €23,962 | -€4,022 | -14.4% |
| Income taxes | 67/77 | €5,522 | €7,935 | +€2,413 | +43.7% |
| Profit (loss) for the period | 9904 | €22,462 | €16,027 | -€6,434 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,462 | €16,027 | -€6,434 | -28.6% |
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 16 October 2026 via checked.be.