BL CONSULT: 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 CONSULT
Largest movements
- Stocks and contracts +€117,181
up €117,181 (+37.9%), from €309,495 to €426,676
- Tangible fixed assets -€11,217
down €11,217 (-2.1%), from €537,858 to €526,641
of which Land and buildings: -€7,822
- Other debts +€91,858
up €91,858 (+19.5%), from €471,421 to €563,278
- Reserves +€39,661
up €39,661 (+79.5%), from €49,868 to €89,529
- Trade debts -€37,684
down €37,684 (-68.1%), from €55,335 to €17,651
- Tax, wage and social debts +€19,826
up €19,826 (+470%), from €4,219 to €24,044
- Debts after one year -€15,280
down €15,280 (-14.1%), from €108,470 to €93,190
- Taxes +€16,433
up €16,433 (+499%), from €3,294 to €19,727
- Gross operating margin +€11,075
up €11,075 (+14.3%), from €77,228 to €88,302
- Financial charges -€6,614
down €6,614 (-44.4%), from €14,893 to €8,279
- Depreciation -€2,807
down €2,807 (-20.0%), from €14,024 to €11,217
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 | €930,404 | €1,021,361 | +€90,957 | +9.8% |
| Fixed assets | 21/28 | €537,858 | €526,641 | -€11,217 | -2.1% |
| Tangible fixed assets | 22/27 | €537,858 | €526,641 | -€11,217 | -2.1% |
| Land and buildings | 22 | €534,463 | €526,641 | -€7,822 | -1.5% |
| Plant, machinery and equipment | 23 | €3,395 | €0 | -€3,395 | -100% |
| Current assets | 29/58 | €392,546 | €494,720 | +€102,174 | +26.0% |
| Stocks and contracts in progress | 3 | €309,495 | €426,676 | +€117,181 | +37.9% |
| Stocks | 30/36 | €309,495 | €426,676 | +€117,181 | +37.9% |
| Amounts receivable within one year | 40/41 | €58,747 | €53,479 | -€5,268 | -9.0% |
| Trade receivables | 40 | €52,541 | €49,773 | -€2,768 | -5.3% |
| Other amounts receivable | 41 | €6,206 | €3,706 | -€2,500 | -40.3% |
| Cash at bank and in hand | 54/58 | €21,416 | €11,754 | -€9,662 | -45.1% |
| Deferred charges and accrued income | 490/1 | €2,887 | €2,810 | -€77 | -2.7% |
| Total equity and liabilities | 10/49 | €930,404 | €1,021,361 | +€90,957 | +9.8% |
| Equity | 10/15 | €262,268 | €301,929 | +€39,661 | +15.1% |
| Contributions | 10/11 | €212,400 | €212,400 | = | 0.0% |
| Reserves | 13 | €49,868 | €89,529 | +€39,661 | +79.5% |
| Distributable reserves | 133 | €49,868 | €89,529 | +€39,661 | +79.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €668,136 | €719,432 | +€51,296 | +7.7% |
| Amounts payable after more than one year | 17 | €108,470 | €93,190 | -€15,280 | -14.1% |
| Financial debts | 170/4 | €108,470 | €93,190 | -€15,280 | -14.1% |
| Amounts payable within one year | 42/48 | €547,868 | €620,254 | +€72,386 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €16,893 | €15,280 | -€1,614 | -9.6% |
| Trade debts | 44 | €55,335 | €17,651 | -€37,684 | -68.1% |
| Suppliers | 440/4 | €55,335 | €17,651 | -€37,684 | -68.1% |
| Taxes, remuneration and social security | 45 | €4,219 | €24,044 | +€19,826 | +470% |
| Taxes | 450/3 | €4,219 | €24,044 | +€19,826 | +470% |
| Other amounts payable | 47/48 | €471,421 | €563,278 | +€91,858 | +19.5% |
| Accrued charges and deferred income | 492/3 | €11,798 | €5,987 | -€5,811 | -49.3% |
| Non-recurring operating income | 76A | €0 | €331 | +€331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,024 | €11,217 | -€2,807 | -20.0% |
| Other operating charges | 640/8 | €9,309 | €9,418 | +€109 | +1.2% |
| Gross operating margin | 9900 | €77,228 | €88,302 | +€11,075 | +14.3% |
| Operating profit (loss) | 9901 | €53,895 | €67,667 | +€13,772 | +25.6% |
| Financial income | 75/76B | €64 | €0 | -€64 | -99.3% |
| Recurring financial income | 75 | €64 | €0 | -€64 | -99.3% |
| Financial charges | 65/66B | €14,893 | €8,279 | -€6,614 | -44.4% |
| Recurring financial charges | 65 | €14,893 | €8,279 | -€6,614 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €39,066 | €59,389 | +€20,323 | +52.0% |
| Income taxes | 67/77 | €3,294 | €19,727 | +€16,433 | +499% |
| Profit (loss) for the period | 9904 | €35,771 | €39,661 | +€3,890 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,771 | €39,661 | +€3,890 | +10.9% |
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 14 October 2026 via checked.be.