BL Advisory: 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.
BL Advisory
Largest movements
- Current investments -€175,352
down €175,352 (-60.7%), from €288,883 to €113,531
- Cash +€77,216
up €77,216 (+138%), from €55,764 to €132,980
mainly Current investments (+€175,352) and Net result for the year (+€112,580)
- Receivables within one year +€45,380
up €45,380 (+118%), from €38,342 to €83,722
of which Other amounts receivable: +€39,763
- Reserves -€194,818
down €194,818 (-53.3%), from €365,550 to €170,732
- Profit (loss) carried forward +€67,580
new in 2025: €67,580
- Other debts +€38,214
up €38,214 (+106,150%), from €36 to €38,250
- Tax, wage and social debts +€35,986
up €35,986 (+218%), from €16,517 to €52,503
of which Taxes: +€32,822
- Turnover -€206,644
no longer reported in 2025 (was €206,644)
- Purchases and services -€73,607
no longer reported in 2025 (was €73,607)
- Financial income +€5,634
up €5,634 (+869%), from €648 to €6,282
- Gross operating margin +€2,177
up €2,177 (+1.6%), from €137,145 to €139,322
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 | €384,475 | €332,409 | -€52,066 | -13.5% |
| Fixed assets | 21/28 | €193 | €193 | +€0 | +0.2% |
| Financial fixed assets | 28 | €193 | €193 | +€0 | +0.2% |
| Current assets | 29/58 | €384,282 | €332,215 | -€52,067 | -13.5% |
| Amounts receivable within one year | 40/41 | €38,342 | €83,722 | +€45,380 | +118% |
| Trade receivables | 40 | €38,342 | €43,960 | +€5,618 | +14.7% |
| Other amounts receivable | 41 | - | €39,763 | +€39,763 | |
| Current investments | 50/53 | €288,883 | €113,531 | -€175,352 | -60.7% |
| Cash at bank and in hand | 54/58 | €55,764 | €132,980 | +€77,216 | +138% |
| Deferred charges and accrued income | 490/1 | €1,293 | €1,982 | +€689 | +53.3% |
| Total equity and liabilities | 10/49 | €384,475 | €332,409 | -€52,066 | -13.5% |
| Equity | 10/15 | €367,550 | €240,311 | -€127,239 | -34.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €365,550 | €170,732 | -€194,818 | -53.3% |
| Distributable reserves | 133 | €365,550 | €170,732 | -€194,818 | -53.3% |
| Profit (loss) carried forward | 14 | - | €67,580 | +€67,580 | |
| Amounts payable | 17/49 | €16,925 | €92,097 | +€75,172 | +444% |
| Amounts payable within one year | 42/48 | €16,925 | €92,090 | +€75,165 | +444% |
| Trade debts | 44 | €372 | €1,336 | +€964 | +259% |
| Suppliers | 440/4 | €372 | €1,336 | +€964 | +259% |
| Taxes, remuneration and social security | 45 | €16,517 | €52,503 | +€35,986 | +218% |
| Taxes | 450/3 | €16,517 | €49,339 | +€32,822 | +199% |
| Remuneration and social security | 454/9 | - | €3,164 | +€3,164 | |
| Other amounts payable | 47/48 | €36 | €38,250 | +€38,214 | +106,150% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Turnover | 70 | €206,644 | - | -€206,644 | |
| Non-recurring operating income | 76A | €4,108 | - | -€4,108 | |
| Goods, raw materials, services and sundry goods | 60/61 | €73,607 | - | -€73,607 | |
| Remuneration, social security and pensions | 62 | €1,658 | - | -€1,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380 | - | -€380 | |
| Other operating charges | 640/8 | €731 | €753 | +€22 | +3.0% |
| Gross operating margin | 9900 | €137,145 | €139,322 | +€2,177 | +1.6% |
| Operating profit (loss) | 9901 | €134,376 | €138,569 | +€4,193 | +3.1% |
| Financial income | 75/76B | €648 | €6,282 | +€5,634 | +869% |
| Recurring financial income | 75 | €648 | €6,282 | +€5,634 | +869% |
| Financial charges | 65/66B | €282 | €203 | -€79 | -28.0% |
| Recurring financial charges | 65 | €155 | €203 | +€48 | +31.1% |
| Non-recurring financial charges | 66B | €127 | - | -€127 | |
| Profit (loss) for the period before taxes | 9903 | €134,742 | €144,647 | +€9,905 | +7.4% |
| Income taxes | 67/77 | €33,549 | €32,067 | -€1,482 | -4.4% |
| Profit (loss) for the period | 9904 | €101,193 | €112,580 | +€11,387 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,193 | €112,580 | +€11,387 | +11.3% |
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 28 October 2026 via checked.be.