BKLG: what changed
Two fiscal 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.
BKLG
Largest movements
- Receivables within one year -€23,295
down €23,295 (-45.4%), from €51,291 to €27,996
of which Trade receivables: -€34,952
- Tangible fixed assets -€16,670
down €16,670 (-1.8%), from €937,774 to €921,104
of which Land and buildings: -€33,526
- Current portion of long-term debt -€120,974
no longer reported in 2025 (was €120,974)
- Trade debts +€45,011
up €45,011 (+31.9%), from €140,977 to €185,988
- Accrued charges and deferred income +€16,866
up €16,866 (+216235.3%), from €8 to €16,874
- Gross operating margin -€84,951
down €84,951 (-9.1%), from €929,227 to €844,276
- Staff costs +€75,187
up €75,187 (+10.8%), from €693,135 to €768,322
- Taxes -€54,705
down €54,705 (-92.8%), from €58,960 to €4,255
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.
Cash bridge derived
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 | €1,190,204 | €1,143,495 | -€46,709 | -3.9% |
| Fixed assets | 21/28 | €937,849 | €921,179 | -€16,670 | -1.8% |
| Tangible fixed assets | 22/27 | €937,774 | €921,104 | -€16,670 | -1.8% |
| Land and buildings | 22 | €909,708 | €876,182 | -€33,526 | -3.7% |
| Plant, machinery and equipment | 23 | €28,066 | €38,707 | +€10,640 | +37.9% |
| Furniture and vehicles | 24 | - | €6,216 | +€6,216 | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €252,355 | €222,316 | -€30,039 | -11.9% |
| Stocks and contracts in progress | 3 | €18,162 | €17,416 | -€747 | -4.1% |
| Stocks | 30/36 | €18,162 | €17,416 | -€747 | -4.1% |
| Amounts receivable within one year | 40/41 | €51,291 | €27,996 | -€23,295 | -45.4% |
| Trade receivables | 40 | €44,497 | €9,545 | -€34,952 | -78.5% |
| Other amounts receivable | 41 | €6,794 | €18,451 | +€11,657 | +171.6% |
| Cash at bank and in hand | 54/58 | €172,521 | €171,541 | -€980 | -0.6% |
| Deferred charges and accrued income | 490/1 | €10,380 | €5,363 | -€5,017 | -48.3% |
| Total equity and liabilities | 10/49 | €1,190,204 | €1,143,495 | -€46,709 | -3.9% |
| Equity | 10/15 | €568,653 | €571,553 | +€2,899 | +0.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €493,653 | €496,553 | +€2,899 | +0.6% |
| Tax-exempt reserves | 132 | €264 | €264 | = | 0.0% |
| Distributable reserves | 133 | €493,389 | €496,289 | +€2,899 | +0.6% |
| Amounts payable | 17/49 | €621,551 | €571,942 | -€49,609 | -8.0% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €421,543 | €355,068 | -€66,475 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €120,974 | - | -€120,974 | |
| Trade debts | 44 | €140,977 | €185,988 | +€45,011 | +31.9% |
| Suppliers | 440/4 | €140,977 | €185,988 | +€45,011 | +31.9% |
| Taxes, remuneration and social security | 45 | €138,646 | €144,984 | +€6,338 | +4.6% |
| Taxes | 450/3 | €43,450 | €35,648 | -€7,802 | -18.0% |
| Remuneration and social security | 454/9 | €95,196 | €109,336 | +€14,140 | +14.9% |
| Other amounts payable | 47/48 | €20,946 | €24,096 | +€3,150 | +15.0% |
| Accrued charges and deferred income | 492/3 | €8 | €16,874 | +€16,866 | +216235.3% |
| Remuneration, social security and pensions | 62 | €693,135 | €768,322 | +€75,187 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,190 | €50,638 | +€3,448 | +7.3% |
| Other operating charges | 640/8 | €3,453 | €10,095 | +€6,642 | +192.3% |
| Gross operating margin | 9900 | €929,227 | €844,276 | -€84,951 | -9.1% |
| Operating profit (loss) | 9901 | €185,449 | €15,221 | -€170,228 | -91.8% |
| Financial income | 75/76B | €507 | €551 | +€44 | +8.6% |
| Recurring financial income | 75 | €507 | €551 | +€44 | +8.6% |
| Financial charges | 65/66B | €8,819 | €8,618 | -€201 | -2.3% |
| Recurring financial charges | 65 | €8,819 | €8,618 | -€201 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €177,137 | €7,154 | -€169,983 | -96.0% |
| Income taxes | 67/77 | €58,960 | €4,255 | -€54,705 | -92.8% |
| Profit (loss) for the period | 9904 | €118,177 | €2,899 | -€115,278 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €118,177 | €2,899 | -€115,278 | -97.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.