BL Leadership: what changed
BL Leadership
Largest movements
- Current investments +€526,177
up €526,177 (+4,385%), from €12,000 to €538,177
- Cash +€94,812
up €94,812 (+7,116%), from €1,332 to €96,144
mainly Net result for the year (+€432,967) and Tax, wage and social debts (+€174,163)
- Deferred charges and accrued income +€7,044
new in 2025: €7,044
- Reserves +€432,967
up €432,967 (+13,656%), from €3,171 to €436,137
- Tax, wage and social debts +€174,163
up €174,163 (+3,150%), from €5,529 to €179,692
- Accrued charges and deferred income +€15,989
new in 2025: €15,989
- Trade debts +€9,161
new in 2025: €9,161
- Gross operating margin +€559,189
up €559,189 (+11,438%), from €4,889 to €564,078
- Taxes +€136,373
up €136,373 (+16,876%), from €808 to €137,181
- Financial income +€7,247
up €7,247 (+153,219%), from €5 to €7,252
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,700 | €645,979 | +€632,279 | +4,615% |
| Fixed assets | 21/28 | - | €126 | +€126 | |
| Financial fixed assets | 28 | - | €126 | +€126 | |
| Current assets | 29/58 | €13,700 | €645,853 | +€632,153 | +4,614% |
| Amounts receivable within one year | 40/41 | €368 | €4,488 | +€4,120 | +1,120% |
| Other amounts receivable | 41 | €368 | €4,488 | +€4,120 | +1,120% |
| Current investments | 50/53 | €12,000 | €538,177 | +€526,177 | +4,385% |
| Cash at bank and in hand | 54/58 | €1,332 | €96,144 | +€94,812 | +7,116% |
| Deferred charges and accrued income | 490/1 | - | €7,044 | +€7,044 | |
| Total equity and liabilities | 10/49 | €13,700 | €645,979 | +€632,279 | +4,615% |
| Equity | 10/15 | €8,171 | €441,137 | +€432,967 | +5,299% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,171 | €436,137 | +€432,967 | +13,656% |
| Distributable reserves | 133 | €3,171 | €436,137 | +€432,967 | +13,656% |
| Amounts payable | 17/49 | €5,529 | €204,842 | +€199,312 | +3,605% |
| Amounts payable within one year | 42/48 | €5,529 | €188,853 | +€183,324 | +3,315% |
| Trade debts | 44 | - | €9,161 | +€9,161 | |
| Suppliers | 440/4 | - | €9,161 | +€9,161 | |
| Taxes, remuneration and social security | 45 | €5,529 | €179,692 | +€174,163 | +3,150% |
| Taxes | 450/3 | €5,529 | €179,692 | +€174,163 | +3,150% |
| Accrued charges and deferred income | 492/3 | - | €15,989 | +€15,989 | |
| Other operating charges | 640/8 | €915 | €731 | -€183 | -20.0% |
| Gross operating margin | 9900 | €4,889 | €564,078 | +€559,189 | +11,438% |
| Operating profit (loss) | 9901 | €3,974 | €563,346 | +€559,372 | +14,076% |
| Financial income | 75/76B | €5 | €7,252 | +€7,247 | +153,219% |
| Recurring financial income | 75 | €5 | €7,252 | +€7,247 | +153,219% |
| Financial charges | 65/66B | - | €450 | +€450 | |
| Recurring financial charges | 65 | - | €450 | +€450 | |
| Profit (loss) for the period before taxes | 9903 | €3,979 | €570,148 | +€566,169 | +14,230% |
| Income taxes | 67/77 | €808 | €137,181 | +€136,373 | +16,876% |
| Profit (loss) for the period | 9904 | €3,171 | €432,967 | +€429,796 | +13,556% |
| Profit (loss) for the period to be appropriated | 9905 | €3,171 | €432,967 | +€429,796 | +13,556% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.