BL VISION: 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 VISION
Largest movements
- Cash +€44,080
up €44,080 (+29.3%), from €150,335 to €194,415
mainly Net result for the year (+€60,069) and Depreciation (+€2,451)
- Receivables within one year +€10,309
new in 2025: €10,309
- Tangible fixed assets -€2,388
no longer reported in 2025 (was €2,388)
- Reserves +€60,069
up €60,069 (+66.5%), from €90,388 to €150,458
of which Distributable reserves: +€60,069
- Tax, wage and social debts -€7,945
down €7,945 (-56.9%), from €13,952 to €6,007
- Current portion of long-term debt -€2,318
no longer reported in 2025 (was €2,318)
- Trade debts +€2,104
up €2,104 (+26.6%), from €7,896 to €10,000
- Gross operating margin +€18,103
up €18,103 (+26.2%), from €69,061 to €87,164
- Taxes +€5,719
up €5,719 (+31.5%), from €18,134 to €23,853
- Other operating charges -€3,689
down €3,689 (-83.1%), from €4,438 to €749
- Depreciation -€3,536
down €3,536 (-59.1%), from €5,987 to €2,451
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 | €153,860 | €205,811 | +€51,951 | +33.8% |
| Fixed assets | 21/28 | €2,388 | - | -€2,388 | |
| Tangible fixed assets | 22/27 | €2,388 | - | -€2,388 | |
| Leasing and similar rights | 25 | €2,388 | - | -€2,388 | |
| Current assets | 29/58 | €151,472 | €205,811 | +€54,339 | +35.9% |
| Amounts receivable within one year | 40/41 | - | €10,309 | +€10,309 | |
| Trade receivables | 40 | - | €10,309 | +€10,309 | |
| Cash at bank and in hand | 54/58 | €150,335 | €194,415 | +€44,080 | +29.3% |
| Deferred charges and accrued income | 490/1 | €1,136 | €1,087 | -€50 | -4.4% |
| Total equity and liabilities | 10/49 | €153,860 | €205,811 | +€51,951 | +33.8% |
| Equity | 10/15 | €127,872 | €187,941 | +€60,069 | +47.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,388 | €150,458 | +€60,069 | +66.5% |
| 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 | €88,528 | €148,598 | +€60,069 | +67.9% |
| Profit (loss) carried forward | 14 | €18,883 | €18,883 | = | 0.0% |
| Amounts payable | 17/49 | €25,989 | €17,870 | -€8,118 | -31.2% |
| Amounts payable within one year | 42/48 | €25,989 | €17,870 | -€8,118 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €2,318 | - | -€2,318 | |
| Trade debts | 44 | €7,896 | €10,000 | +€2,104 | +26.6% |
| Suppliers | 440/4 | €7,896 | €10,000 | +€2,104 | +26.6% |
| Taxes, remuneration and social security | 45 | €13,952 | €6,007 | -€7,945 | -56.9% |
| Taxes | 450/3 | €13,952 | €6,007 | -€7,945 | -56.9% |
| Other amounts payable | 47/48 | €1,822 | €1,863 | +€41 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,987 | €2,451 | -€3,536 | -59.1% |
| Other operating charges | 640/8 | €4,438 | €749 | -€3,689 | -83.1% |
| Gross operating margin | 9900 | €69,061 | €87,164 | +€18,103 | +26.2% |
| Operating profit (loss) | 9901 | €58,636 | €83,964 | +€25,327 | +43.2% |
| Financial income | 75/76B | €9 | €8 | -€1 | -9.8% |
| Recurring financial income | 75 | €9 | €8 | -€1 | -9.8% |
| Financial charges | 65/66B | €209 | €50 | -€160 | -76.2% |
| Recurring financial charges | 65 | €209 | €50 | -€160 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | €58,436 | €83,922 | +€25,486 | +43.6% |
| Income taxes | 67/77 | €18,134 | €23,853 | +€5,719 | +31.5% |
| Profit (loss) for the period | 9904 | €40,302 | €60,069 | +€19,767 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,302 | €60,069 | +€19,767 | +49.0% |
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 12 October 2026 via checked.be.