BL AGENCY: 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 AGENCY
Largest movements
- Cash -€369,346
down €369,346 (-84.5%), from €437,328 to €67,982
mainly Contributions, distributions and other (-€289,014) and Net result for the year (-€153,411)
- Current investments -€139,877
no longer reported in 2025 (was €139,877)
- Receivables within one year -€55,500
no longer reported in 2025 (was €55,500)
- Reserves -€289,014
down €289,014 (-35.1%), from €822,843 to €533,830
- Profit (loss) carried forward -€153,411
down €153,411 (-93.3%), from -€164,346 to -€317,757
- Tax, wage and social debts -€75,214
down €75,214 (-62.7%), from €119,987 to €44,772
- Debts after one year -€31,909
down €31,909 (-7.3%), from €439,165 to €407,256
- Other operating charges +€62,191
up €62,191 (+1,218%), from €5,108 to €67,299
- Write-downs +€55,500
new in 2025: €55,500
- Depreciation -€50,477
no longer reported in 2025 (was €50,477)
- Gross operating margin -€8,894
down €8,894 (-27.7%), from €32,111 to €23,217
- Financial charges -€3,082
down €3,082 (-32.4%), from €9,526 to €6,444
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 | €1,258,733 | €700,545 | -€558,187 | -44.3% |
| Fixed assets | 21/28 | €626,028 | €631,587 | +€5,560 | +0.9% |
| Tangible fixed assets | 22/27 | €626,028 | €631,587 | +€5,560 | +0.9% |
| Land and buildings | 22 | €577,878 | €577,878 | = | 0.0% |
| Furniture and vehicles | 24 | €21,708 | €21,708 | = | 0.0% |
| Other tangible fixed assets | 26 | €26,441 | €32,001 | +€5,560 | +21.0% |
| Current assets | 29/58 | €632,705 | €68,958 | -€563,747 | -89.1% |
| Amounts receivable within one year | 40/41 | €55,500 | - | -€55,500 | |
| Other amounts receivable | 41 | €55,500 | - | -€55,500 | |
| Current investments | 50/53 | €139,877 | - | -€139,877 | |
| Cash at bank and in hand | 54/58 | €437,328 | €67,982 | -€369,346 | -84.5% |
| Deferred charges and accrued income | 490/1 | - | €976 | +€976 | |
| Total equity and liabilities | 10/49 | €1,258,733 | €700,545 | -€558,187 | -44.3% |
| Equity | 10/15 | €658,498 | €216,073 | -€442,424 | -67.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €822,843 | €533,830 | -€289,014 | -35.1% |
| Distributable reserves | 133 | €822,843 | €533,830 | -€289,014 | -35.1% |
| Profit (loss) carried forward | 14 | -€164,346 | -€317,757 | -€153,411 | -93.3% |
| Amounts payable | 17/49 | €600,235 | €484,472 | -€115,763 | -19.3% |
| Amounts payable after more than one year | 17 | €439,165 | €407,256 | -€31,909 | -7.3% |
| Financial debts | 170/4 | €439,165 | €407,256 | -€31,909 | -7.3% |
| Amounts payable within one year | 42/48 | €161,070 | €77,216 | -€83,854 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €31,505 | €31,909 | +€404 | +1.3% |
| Trade debts | 44 | €157 | €535 | +€378 | +240% |
| Suppliers | 440/4 | €157 | €535 | +€378 | +240% |
| Taxes, remuneration and social security | 45 | €119,987 | €44,772 | -€75,214 | -62.7% |
| Taxes | 450/3 | €119,987 | €44,772 | -€75,214 | -62.7% |
| Other amounts payable | 47/48 | €9,421 | - | -€9,421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,477 | - | -€50,477 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €55,500 | +€55,500 | |
| Other operating charges | 640/8 | €5,108 | €67,299 | +€62,191 | +1,218% |
| Non-recurring operating charges | 66A | - | €48,472 | +€48,472 | |
| Gross operating margin | 9900 | €32,111 | €23,217 | -€8,894 | -27.7% |
| Operating profit (loss) | 9901 | -€23,473 | -€148,054 | -€124,581 | -531% |
| Financial income | 75/76B | €3,732 | €1,553 | -€2,179 | -58.4% |
| Recurring financial income | 75 | €3,732 | €1,553 | -€2,179 | -58.4% |
| Financial charges | 65/66B | €9,526 | €6,444 | -€3,082 | -32.4% |
| Recurring financial charges | 65 | €9,526 | €6,444 | -€3,082 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€29,267 | -€152,945 | -€123,678 | -423% |
| Income taxes | 67/77 | €744 | €466 | -€278 | -37.4% |
| Profit (loss) for the period | 9904 | -€30,011 | -€153,411 | -€123,400 | -411% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,011 | -€153,411 | -€123,400 | -411% |
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 31 October 2026 via checked.be.