BL Projects & Services: 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 Projects & Services
Largest movements
- Cash -€22,390
down €22,390 (-54.5%), from €41,065 to €18,674
mainly Tax, wage and social debts (-€17,897) and Receivables within one year (-€10,426)
- Receivables within one year +€10,426
up €10,426 (+17.0%), from €61,263 to €71,689
of which Other amounts receivable: +€5,672
- Financial fixed assets -€7,418
down €7,418 (-74.4%), from €9,968 to €2,550
- Deferred charges and accrued income -€3,896
no longer reported in 2025 (was €3,896)
- Tangible fixed assets +€2,844
up €2,844 (+43.6%), from €6,522 to €9,366
of which Plant, machinery and equipment: +€5,174
- Tax, wage and social debts -€17,897
down €17,897 (-83.1%), from €21,535 to €3,639
- Trade debts -€2,630
no longer reported in 2025 (was €2,630)
- Other debts +€2,387
up €2,387 (+121.6%), from €1,962 to €4,349
- Reserves -€2,148
down €2,148 (-2.4%), from €90,385 to €88,237
- Gross operating margin -€44,126
down €44,126 (-89.6%), from €49,236 to €5,110
- Taxes -€11,246
down €11,246 (-75.6%), from €14,884 to €3,639
- Depreciation -€989
down €989 (-20.5%), from €4,827 to €3,838
- Financial income +€795
up €795 (+467558.8%), from €0 to €795
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 | €122,713 | €102,424 | -€20,289 | -16.5% |
| Fixed assets | 21/28 | €16,489 | €11,916 | -€4,573 | -27.7% |
| Tangible fixed assets | 22/27 | €6,522 | €9,366 | +€2,844 | +43.6% |
| Plant, machinery and equipment | 23 | €563 | €5,737 | +€5,174 | +918.6% |
| Furniture and vehicles | 24 | €5,959 | €3,629 | -€2,330 | -39.1% |
| Financial fixed assets | 28 | €9,968 | €2,550 | -€7,418 | -74.4% |
| Current assets | 29/58 | €106,223 | €90,508 | -€15,715 | -14.8% |
| Amounts receivable after more than one year | 29 | - | €145 | +€145 | |
| Other amounts receivable | 291 | - | €145 | +€145 | |
| Amounts receivable within one year | 40/41 | €61,263 | €71,689 | +€10,426 | +17.0% |
| Trade receivables | 40 | €12,957 | €17,711 | +€4,753 | +36.7% |
| Other amounts receivable | 41 | €48,306 | €53,978 | +€5,672 | +11.7% |
| Cash at bank and in hand | 54/58 | €41,065 | €18,674 | -€22,390 | -54.5% |
| Deferred charges and accrued income | 490/1 | €3,896 | - | -€3,896 | |
| Total equity and liabilities | 10/49 | €122,713 | €102,424 | -€20,289 | -16.5% |
| Equity | 10/15 | €96,585 | €94,437 | -€2,148 | -2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €90,385 | €88,237 | -€2,148 | -2.4% |
| Distributable reserves | 133 | €90,385 | €88,237 | -€2,148 | -2.4% |
| Amounts payable | 17/49 | €26,128 | €7,987 | -€18,141 | -69.4% |
| Amounts payable within one year | 42/48 | €26,128 | €7,987 | -€18,141 | -69.4% |
| Trade debts | 44 | €2,630 | - | -€2,630 | |
| Suppliers | 440/4 | €2,630 | - | -€2,630 | |
| Taxes, remuneration and social security | 45 | €21,535 | €3,639 | -€17,897 | -83.1% |
| Taxes | 450/3 | €21,535 | €3,639 | -€17,897 | -83.1% |
| Other amounts payable | 47/48 | €1,962 | €4,349 | +€2,387 | +121.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,827 | €3,838 | -€989 | -20.5% |
| Other operating charges | 640/8 | €441 | €442 | +€1 | +0.2% |
| Gross operating margin | 9900 | €49,236 | €5,110 | -€44,126 | -89.6% |
| Operating profit (loss) | 9901 | €43,968 | €831 | -€43,137 | -98.1% |
| Financial income | 75/76B | €0 | €795 | +€795 | +467558.8% |
| Recurring financial income | 75 | €0 | €795 | +€795 | +467558.8% |
| Financial charges | 65/66B | €349 | €135 | -€213 | -61.2% |
| Recurring financial charges | 65 | €349 | €135 | -€213 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €43,620 | €1,491 | -€42,129 | -96.6% |
| Income taxes | 67/77 | €14,884 | €3,639 | -€11,246 | -75.6% |
| Profit (loss) for the period | 9904 | €28,735 | -€2,148 | -€30,883 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,735 | -€2,148 | -€30,883 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.