BL EXPERTISE: 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 EXPERTISE
Largest movements
- Cash +€26,966
up €26,966 (+100%), from €26,888 to €53,854
mainly Other debts (+€60,850) and Net result for the year (+€54,288)
- Receivables within one year +€11,799
up €11,799 (+27.2%), from €43,427 to €55,226
of which Trade receivables: +€22,748
- Other debts +€60,850
up €60,850 (+427%), from €14,250 to €75,100
- Reserves -€26,000
down €26,000 (-17.4%), from €149,360 to €123,360
- Tax, wage and social debts +€5,576
up €5,576 (+38.0%), from €14,663 to €20,239
of which Taxes: +€9,076
- Trade debts -€3,350
down €3,350 (-79.9%), from €4,193 to €843
- Gross operating margin +€54,945
up €54,945 (+196%), from €28,050 to €82,995
- Taxes +€12,887
up €12,887 (+171%), from €7,541 to €20,428
- Financial charges +€2,968
up €2,968 (+1,079%), from €275 to €3,243
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 | €282,882 | €320,095 | +€37,213 | +13.2% |
| Fixed assets | 21/28 | €9,864 | €11,571 | +€1,707 | +17.3% |
| Tangible fixed assets | 22/27 | €9,864 | €11,571 | +€1,707 | +17.3% |
| Furniture and vehicles | 24 | €9,864 | €11,571 | +€1,707 | +17.3% |
| Current assets | 29/58 | €273,018 | €308,524 | +€35,506 | +13.0% |
| Amounts receivable within one year | 40/41 | €43,427 | €55,226 | +€11,799 | +27.2% |
| Trade receivables | 40 | €16,335 | €39,083 | +€22,748 | +139% |
| Other amounts receivable | 41 | €27,092 | €16,143 | -€10,949 | -40.4% |
| Current investments | 50/53 | €200,000 | €197,000 | -€3,000 | -1.5% |
| Cash at bank and in hand | 54/58 | €26,888 | €53,854 | +€26,966 | +100% |
| Deferred charges and accrued income | 490/1 | €2,703 | €2,443 | -€260 | -9.6% |
| Total equity and liabilities | 10/49 | €282,882 | €320,095 | +€37,213 | +13.2% |
| Equity | 10/15 | €249,625 | €223,913 | -€25,712 | -10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €149,360 | €123,360 | -€26,000 | -17.4% |
| Distributable reserves | 133 | €149,360 | €123,360 | -€26,000 | -17.4% |
| Profit (loss) carried forward | 14 | €94,065 | €94,353 | +€288 | +0.3% |
| Amounts payable | 17/49 | €33,257 | €96,182 | +€62,925 | +189% |
| Amounts payable within one year | 42/48 | €33,106 | €96,182 | +€63,076 | +191% |
| Trade debts | 44 | €4,193 | €843 | -€3,350 | -79.9% |
| Suppliers | 440/4 | €4,193 | €843 | -€3,350 | -79.9% |
| Taxes, remuneration and social security | 45 | €14,663 | €20,239 | +€5,576 | +38.0% |
| Taxes | 450/3 | €11,163 | €20,239 | +€9,076 | +81.3% |
| Remuneration and social security | 454/9 | €3,500 | - | -€3,500 | |
| Other amounts payable | 47/48 | €14,250 | €75,100 | +€60,850 | +427% |
| Accrued charges and deferred income | 492/3 | €151 | - | -€151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,689 | €3,695 | +€6 | +0.2% |
| Other operating charges | 640/8 | €1,775 | €1,604 | -€171 | -9.7% |
| Gross operating margin | 9900 | €28,050 | €82,995 | +€54,945 | +196% |
| Operating profit (loss) | 9901 | €22,586 | €77,696 | +€55,110 | +244% |
| Financial income | 75/76B | €840 | €264 | -€576 | -68.6% |
| Recurring financial income | 75 | €840 | €264 | -€576 | -68.6% |
| Financial charges | 65/66B | €275 | €3,243 | +€2,968 | +1,079% |
| Recurring financial charges | 65 | €275 | €3,243 | +€2,968 | +1,079% |
| Profit (loss) for the period before taxes | 9903 | €23,151 | €74,716 | +€51,565 | +223% |
| Income taxes | 67/77 | €7,541 | €20,428 | +€12,887 | +171% |
| Profit (loss) for the period | 9904 | €15,610 | €54,288 | +€38,678 | +248% |
| Profit (loss) for the period to be appropriated | 9905 | €15,610 | €54,288 | +€38,678 | +248% |
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 19 October 2026 via checked.be.