BL SYSTEMS: 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 SYSTEMS
Largest movements
- Cash +€15,505
up €15,505 (+104.4%), from €14,851 to €30,356
mainly Net result for the year (+€18,660) and Depreciation (+€17,573)
- Receivables within one year +€4,284
up €4,284 (+338.5%), from €1,265 to €5,550
of which Trade receivables: +€4,635
- Tangible fixed assets -€4,084
down €4,084 (-15.3%), from €26,770 to €22,687
of which Leasing and similar rights: -€9,518
- Stocks and contracts -€1,591
no longer reported in 2025 (was €1,591)
- Deferred charges and accrued income +€1,286
up €1,286 (+1041.3%), from €123 to €1,409
- Reserves +€17,827
up €17,827 (+153.4%), from €11,625 to €29,451
- Debts after one year -€12,080
no longer reported in 2025 (was €12,080)
- Current portion of long-term debt +€4,748
up €4,748 (+64.8%), from €7,332 to €12,080
- Tax, wage and social debts +€2,530
up €2,530 (+617.3%), from €410 to €2,940
- Trade debts +€1,429
up €1,429 (+197.7%), from €723 to €2,153
- Gross operating margin +€16,762
up €16,762 (+65.5%), from €25,593 to €42,355
- Taxes +€4,530
up €4,530 (+1105.3%), from €410 to €4,940
- Depreciation +€1,788
up €1,788 (+11.3%), from €15,785 to €17,573
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 | €44,735 | €60,002 | +€15,267 | +34.1% |
| Formation expenses | 20 | €133 | €0 | -€133 | -100.0% |
| Fixed assets | 21/28 | €26,770 | €22,687 | -€4,084 | -15.3% |
| Tangible fixed assets | 22/27 | €26,770 | €22,687 | -€4,084 | -15.3% |
| Plant, machinery and equipment | 23 | €11,348 | €18,713 | +€7,364 | +64.9% |
| Furniture and vehicles | 24 | €2,831 | €1,402 | -€1,429 | -50.5% |
| Leasing and similar rights | 25 | €11,689 | €2,171 | -€9,518 | -81.4% |
| Other tangible fixed assets | 26 | €902 | €401 | -€501 | -55.5% |
| Current assets | 29/58 | €17,831 | €37,315 | +€19,484 | +109.3% |
| Stocks and contracts in progress | 3 | €1,591 | - | -€1,591 | |
| Stocks | 30/36 | €1,591 | - | -€1,591 | |
| Amounts receivable within one year | 40/41 | €1,265 | €5,550 | +€4,284 | +338.5% |
| Trade receivables | 40 | - | €4,635 | +€4,635 | |
| Other amounts receivable | 41 | €1,265 | €915 | -€350 | -27.7% |
| Cash at bank and in hand | 54/58 | €14,851 | €30,356 | +€15,505 | +104.4% |
| Deferred charges and accrued income | 490/1 | €123 | €1,409 | +€1,286 | +1041.3% |
| Total equity and liabilities | 10/49 | €44,735 | €60,002 | +€15,267 | +34.1% |
| Equity | 10/15 | €14,625 | €32,451 | +€17,827 | +121.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,625 | €29,451 | +€17,827 | +153.4% |
| Distributable reserves | 133 | €11,625 | €29,451 | +€17,827 | +153.4% |
| Amounts payable | 17/49 | €30,110 | €27,550 | -€2,560 | -8.5% |
| Amounts payable after more than one year | 17 | €12,080 | - | -€12,080 | |
| Financial debts | 170/4 | €12,080 | - | -€12,080 | |
| Amounts payable within one year | 42/48 | €17,863 | €27,550 | +€9,687 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €7,332 | €12,080 | +€4,748 | +64.8% |
| Trade debts | 44 | €723 | €2,153 | +€1,429 | +197.7% |
| Suppliers | 440/4 | €723 | €2,153 | +€1,429 | +197.7% |
| Taxes, remuneration and social security | 45 | €410 | €2,940 | +€2,530 | +617.3% |
| Taxes | 450/3 | €410 | €2,940 | +€2,530 | +617.3% |
| Other amounts payable | 47/48 | €9,398 | €10,378 | +€980 | +10.4% |
| Accrued charges and deferred income | 492/3 | €167 | - | -€167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,785 | €17,573 | +€1,788 | +11.3% |
| Other operating charges | 640/8 | €726 | €800 | +€73 | +10.1% |
| Non-recurring operating charges | 66A | €886 | - | -€886 | |
| Gross operating margin | 9900 | €25,593 | €42,355 | +€16,762 | +65.5% |
| Operating profit (loss) | 9901 | €8,196 | €23,982 | +€15,786 | +192.6% |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €460 | €383 | -€77 | -16.7% |
| Recurring financial charges | 65 | €460 | €383 | -€77 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €7,763 | €23,600 | +€15,837 | +204.0% |
| Income taxes | 67/77 | €410 | €4,940 | +€4,530 | +1105.3% |
| Profit (loss) for the period | 9904 | €7,353 | €18,660 | +€11,307 | +153.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,353 | €18,660 | +€11,307 | +153.8% |
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 2 October 2026 via checked.be.