BL IMMO: 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.
BL IMMO
Largest movements
- Cash +€53,280
up €53,280 (+417.4%), from €12,765 to €66,045
mainly Other debts (+€200,000) and Depreciation (+€32,556)
- Tangible fixed assets -€32,556
down €32,556 (-8.7%), from €374,031 to €341,474
of which Land and buildings: -€24,642
- Other debts +€200,000
new in 2025: €200,000
- Profit (loss) carried forward -€183,198
down €183,198 (-95.4%), from €192,075 to €8,877
- Depreciation -€4,390
down €4,390 (-11.9%), from €36,946 to €32,556
- Gross operating margin -€2,083
down €2,083 (-3.3%), from €63,120 to €61,037
- Financial charges -€1,097
down €1,097 (-31.1%), from €3,527 to €2,430
- Taxes +€970
up €970 (+19.7%), from €4,924 to €5,895
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 | €391,701 | €408,626 | +€16,925 | +4.3% |
| Fixed assets | 21/28 | €374,031 | €341,474 | -€32,556 | -8.7% |
| Tangible fixed assets | 22/27 | €374,031 | €341,474 | -€32,556 | -8.7% |
| Land and buildings | 22 | €338,711 | €314,069 | -€24,642 | -7.3% |
| Plant, machinery and equipment | 23 | €35,319 | €27,405 | -€7,914 | -22.4% |
| Current assets | 29/58 | €17,670 | €67,152 | +€49,482 | +280.0% |
| Amounts receivable within one year | 40/41 | €4,905 | €1,107 | -€3,799 | -77.4% |
| Trade receivables | 40 | €829 | €1,037 | +€208 | +25.1% |
| Other amounts receivable | 41 | €4,076 | €69 | -€4,007 | -98.3% |
| Cash at bank and in hand | 54/58 | €12,765 | €66,045 | +€53,280 | +417.4% |
| Total equity and liabilities | 10/49 | €391,701 | €408,626 | +€16,925 | +4.3% |
| Equity | 10/15 | €262,847 | €79,649 | -€183,198 | -69.7% |
| Contributions | 10/11 | €65,791 | €65,791 | = | 0.0% |
| Reserves | 13 | €4,981 | €4,981 | = | 0.0% |
| Distributable reserves | 133 | €4,981 | €4,981 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,075 | €8,877 | -€183,198 | -95.4% |
| Amounts payable | 17/49 | €128,854 | €328,977 | +€200,123 | +155.3% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Other amounts payable | 178/9 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | - | €201,063 | +€201,063 | |
| Trade debts | 44 | - | €168 | +€168 | |
| Suppliers | 440/4 | - | €168 | +€168 | |
| Taxes, remuneration and social security | 45 | - | €895 | +€895 | |
| Taxes | 450/3 | - | €895 | +€895 | |
| Other amounts payable | 47/48 | - | €200,000 | +€200,000 | |
| Accrued charges and deferred income | 492/3 | €8,854 | €7,914 | -€940 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,946 | €32,556 | -€4,390 | -11.9% |
| Other operating charges | 640/8 | €3,539 | €3,355 | -€184 | -5.2% |
| Gross operating margin | 9900 | €63,120 | €61,037 | -€2,083 | -3.3% |
| Operating profit (loss) | 9901 | €22,636 | €25,126 | +€2,491 | +11.0% |
| Financial charges | 65/66B | €3,527 | €2,430 | -€1,097 | -31.1% |
| Recurring financial charges | 65 | €3,527 | €2,430 | -€1,097 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €19,108 | €22,696 | +€3,588 | +18.8% |
| Income taxes | 67/77 | €4,924 | €5,895 | +€970 | +19.7% |
| Profit (loss) for the period | 9904 | €14,184 | €16,802 | +€2,618 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,184 | €16,802 | +€2,618 | +18.5% |
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 28 September 2026 via checked.be.