BL Management: 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 Management
Largest movements
- Cash +€80,995
up €80,995 (+80.6%), from €100,484 to €181,479
mainly Tax, wage and social debts (+€78,371) and Net result for the year (+€51,922)
- Receivables within one year +€10,805
up €10,805 (+25.0%), from €43,259 to €54,064
of which Trade receivables: +€11,022
- Tangible fixed assets -€6,236
down €6,236 (-15.7%), from €39,603 to €33,367
of which Furniture and vehicles: -€4,733
- Deferred charges and accrued income -€5,941
down €5,941 (-51.0%), from €11,647 to €5,706
- Tax, wage and social debts +€78,371
up €78,371 (+1,507%), from €5,199 to €83,570
of which Remuneration and social security: +€63,000
- Other debts -€16,308
down €16,308 (-26.8%), from €60,790 to €44,482
- Reserves +€10,200
up €10,200 (+6.2%), from €164,578 to €174,778
of which Distributable reserves: +€10,200
- Trade debts +€6,899
up €6,899 (+28.1%), from €24,539 to €31,438
- Gross operating margin +€81,679
up €81,679 (+1,290%), from €6,330 to €88,009
- Taxes +€12,583
up €12,583 (+4,857%), from €259 to €12,842
- Financial charges +€1,162
up €1,162 (+99.4%), from €1,170 to €2,332
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 | €195,493 | €275,116 | +€79,623 | +40.7% |
| Fixed assets | 21/28 | €40,103 | €33,867 | -€6,236 | -15.6% |
| Tangible fixed assets | 22/27 | €39,603 | €33,367 | -€6,236 | -15.7% |
| Land and buildings | 22 | €4,097 | €0 | -€4,097 | -100% |
| Plant, machinery and equipment | 23 | - | €6,839 | +€6,839 | |
| Furniture and vehicles | 24 | €17,554 | €12,821 | -€4,733 | -27.0% |
| Other tangible fixed assets | 26 | €17,952 | €13,707 | -€4,245 | -23.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €155,390 | €241,249 | +€85,859 | +55.3% |
| Amounts receivable within one year | 40/41 | €43,259 | €54,064 | +€10,805 | +25.0% |
| Trade receivables | 40 | €42,821 | €53,843 | +€11,022 | +25.7% |
| Other amounts receivable | 41 | €438 | €221 | -€217 | -49.6% |
| Cash at bank and in hand | 54/58 | €100,484 | €181,479 | +€80,995 | +80.6% |
| Deferred charges and accrued income | 490/1 | €11,647 | €5,706 | -€5,941 | -51.0% |
| Total equity and liabilities | 10/49 | €195,493 | €275,116 | +€79,623 | +40.7% |
| Equity | 10/15 | €104,740 | €115,362 | +€10,622 | +10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €164,578 | €174,778 | +€10,200 | +6.2% |
| Tax-exempt reserves | 132 | €8,063 | €8,063 | = | 0.0% |
| Distributable reserves | 133 | €156,515 | €166,715 | +€10,200 | +6.5% |
| Profit (loss) carried forward | 14 | -€66,038 | -€65,616 | +€422 | +0.6% |
| Amounts payable | 17/49 | €90,753 | €159,754 | +€69,001 | +76.0% |
| Amounts payable within one year | 42/48 | €90,529 | €159,491 | +€68,962 | +76.2% |
| Trade debts | 44 | €24,539 | €31,438 | +€6,899 | +28.1% |
| Suppliers | 440/4 | €24,539 | €31,438 | +€6,899 | +28.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,199 | €83,570 | +€78,371 | +1,507% |
| Taxes | 450/3 | €5,199 | €20,570 | +€15,371 | +296% |
| Remuneration and social security | 454/9 | - | €63,000 | +€63,000 | |
| Other amounts payable | 47/48 | €60,790 | €44,482 | -€16,308 | -26.8% |
| Accrued charges and deferred income | 492/3 | €224 | €263 | +€39 | +17.3% |
| Non-recurring operating income | 76A | €25,513 | €0 | -€25,513 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,112 | €19,387 | +€275 | +1.4% |
| Other operating charges | 640/8 | €1,059 | €918 | -€141 | -13.3% |
| Non-recurring operating charges | 66A | - | €692 | +€692 | |
| Gross operating margin | 9900 | €6,330 | €88,009 | +€81,679 | +1,290% |
| Operating profit (loss) | 9901 | -€13,842 | €67,012 | +€80,853 | |
| Financial income | 75/76B | €120 | €85 | -€35 | -29.1% |
| Recurring financial income | 75 | €120 | €85 | -€35 | -29.1% |
| Financial charges | 65/66B | €1,170 | €2,332 | +€1,162 | +99.4% |
| Recurring financial charges | 65 | €1,170 | €2,332 | +€1,162 | +99.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,892 | €64,765 | +€79,656 | |
| Income taxes | 67/77 | €259 | €12,842 | +€12,583 | +4,857% |
| Profit (loss) for the period | 9904 | -€15,151 | €51,922 | +€67,073 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,151 | €51,922 | +€67,073 |
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 16 October 2026 via checked.be.