bl mgt: 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 mgt
Largest movements
- Cash -€46,025
down €46,025 (-27.0%), from €170,258 to €124,233
mainly Contributions, distributions and other (-€120,000) and Debts after one year (-€21,429)
- Receivables after one year -€31,000
down €31,000 (-51.7%), from €60,000 to €29,000
- Tangible fixed assets +€9,912
up €9,912 (+119%), from €8,350 to €18,262
of which Other tangible fixed assets: +€11,520
- Reserves -€69,158
down €69,158 (-96.8%), from €71,414 to €2,256
of which Distributable reserves: -€69,158
- Other debts +€23,354
up €23,354 (+28.2%), from €82,760 to €106,114
- Debts after one year -€21,429
down €21,429 (-31.6%), from €67,857 to €46,429
- Tax, wage and social debts +€5,175
up €5,175 (+182%), from €2,849 to €8,024
of which Taxes: +€4,945
- Trade debts -€3,578
down €3,578 (-89.2%), from €4,013 to €435
- Gross operating margin +€43,918
up €43,918 (+75.6%), from €58,082 to €102,000
- Taxes +€9,161
up €9,161 (+226%), from €4,052 to €13,213
- Write-downs -€4,000
down €4,000 (-11.4%), from €35,000 to €31,000
- Depreciation +€1,499
up €1,499 (+55.1%), from €2,721 to €4,220
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 | €256,930 | €190,887 | -€66,043 | -25.7% |
| Fixed assets | 21/28 | €8,350 | €18,262 | +€9,912 | +119% |
| Tangible fixed assets | 22/27 | €8,350 | €18,262 | +€9,912 | +119% |
| Furniture and vehicles | 24 | €2,704 | €1,096 | -€1,608 | -59.5% |
| Other tangible fixed assets | 26 | €5,645 | €17,166 | +€11,520 | +204% |
| Current assets | 29/58 | €248,580 | €172,625 | -€75,955 | -30.6% |
| Amounts receivable after more than one year | 29 | €60,000 | €29,000 | -€31,000 | -51.7% |
| Other amounts receivable | 291 | €60,000 | €29,000 | -€31,000 | -51.7% |
| Amounts receivable within one year | 40/41 | €18,096 | €16,850 | -€1,246 | -6.9% |
| Trade receivables | 40 | €8,712 | €9,231 | +€519 | +6.0% |
| Other amounts receivable | 41 | €9,384 | €7,619 | -€1,765 | -18.8% |
| Cash at bank and in hand | 54/58 | €170,258 | €124,233 | -€46,025 | -27.0% |
| Deferred charges and accrued income | 490/1 | €226 | €2,542 | +€2,316 | +1,024% |
| Total equity and liabilities | 10/49 | €256,930 | €190,887 | -€66,043 | -25.7% |
| Equity | 10/15 | €77,614 | €8,456 | -€69,158 | -89.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,414 | €2,256 | -€69,158 | -96.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €69,554 | €396 | -€69,158 | -99.4% |
| Amounts payable | 17/49 | €179,316 | €182,431 | +€3,115 | +1.7% |
| Amounts payable after more than one year | 17 | €67,857 | €46,429 | -€21,429 | -31.6% |
| Financial debts | 170/4 | €67,857 | €46,429 | -€21,429 | -31.6% |
| Amounts payable within one year | 42/48 | €111,050 | €136,002 | +€24,952 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €21,429 | €21,429 | = | 0.0% |
| Trade debts | 44 | €4,013 | €435 | -€3,578 | -89.2% |
| Suppliers | 440/4 | €4,013 | €435 | -€3,578 | -89.2% |
| Taxes, remuneration and social security | 45 | €2,849 | €8,024 | +€5,175 | +182% |
| Taxes | 450/3 | €679 | €5,624 | +€4,945 | +728% |
| Remuneration and social security | 454/9 | €2,170 | €2,400 | +€230 | +10.6% |
| Other amounts payable | 47/48 | €82,760 | €106,114 | +€23,354 | +28.2% |
| Accrued charges and deferred income | 492/3 | €408 | - | -€408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,721 | €4,220 | +€1,499 | +55.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €35,000 | €31,000 | -€4,000 | -11.4% |
| Other operating charges | 640/8 | €916 | €744 | -€172 | -18.7% |
| Non-recurring operating charges | 66A | - | €931 | +€931 | |
| Gross operating margin | 9900 | €58,082 | €102,000 | +€43,918 | +75.6% |
| Operating profit (loss) | 9901 | €19,445 | €65,104 | +€45,660 | +235% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €335 | €1,049 | +€714 | +213% |
| Recurring financial charges | 65 | €335 | €1,049 | +€714 | +213% |
| Profit (loss) for the period before taxes | 9903 | €19,110 | €64,055 | +€44,946 | +235% |
| Income taxes | 67/77 | €4,052 | €13,213 | +€9,161 | +226% |
| Profit (loss) for the period | 9904 | €15,058 | €50,842 | +€35,784 | +238% |
| Profit (loss) for the period to be appropriated | 9905 | €15,058 | €50,842 | +€35,784 | +238% |
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 15 October 2026 via checked.be.