BL.XII: 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.XII
Largest movements
- Tangible fixed assets +€236,750
up €236,750 (+50.0%), from €473,146 to €709,897
- Other debts +€206,710
up €206,710 (+101%), from €204,640 to €411,350
- Debts after one year +€55,434
up €55,434 (+18.0%), from €308,070 to €363,504
- Profit (loss) carried forward -€32,268
down €32,268 (-48.0%), from -€67,174 to -€99,443
- Gross operating margin +€40,426
up €40,426, from -€32,237 to €8,190
- Other operating charges +€4,069
up €4,069 (+167%), from €2,437 to €6,506
- Depreciation +€2,859
up €2,859 (+20.0%), from €14,322 to €17,181
- Financial charges -€1,408
down €1,408 (-7.7%), from €18,180 to €16,772
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 | €482,615 | €712,233 | +€229,618 | +47.6% |
| Fixed assets | 21/28 | €473,146 | €709,897 | +€236,750 | +50.0% |
| Tangible fixed assets | 22/27 | €473,146 | €709,897 | +€236,750 | +50.0% |
| Land and buildings | 22 | €473,146 | €709,897 | +€236,750 | +50.0% |
| Current assets | 29/58 | €9,469 | €2,336 | -€7,133 | -75.3% |
| Amounts receivable within one year | 40/41 | €4,914 | €0 | -€4,914 | -100% |
| Trade receivables | 40 | €4,914 | €0 | -€4,914 | -100% |
| Cash at bank and in hand | 54/58 | €4,172 | €336 | -€3,836 | -91.9% |
| Deferred charges and accrued income | 490/1 | €383 | €2,000 | +€1,617 | +423% |
| Total equity and liabilities | 10/49 | €482,615 | €712,233 | +€229,618 | +47.6% |
| Equity | 10/15 | -€57,174 | -€89,443 | -€32,268 | -56.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,174 | -€99,443 | -€32,268 | -48.0% |
| Amounts payable | 17/49 | €539,790 | €801,676 | +€261,886 | +48.5% |
| Amounts payable after more than one year | 17 | €308,070 | €363,504 | +€55,434 | +18.0% |
| Financial debts | 170/4 | €308,070 | €363,504 | +€55,434 | +18.0% |
| Amounts payable within one year | 42/48 | €228,675 | €438,172 | +€209,497 | +91.6% |
| Current portion of amounts payable after more than one year | 42 | €18,783 | €25,067 | +€6,283 | +33.5% |
| Trade debts | 44 | €5,252 | €1,755 | -€3,497 | -66.6% |
| Suppliers | 440/4 | €5,252 | €1,755 | -€3,497 | -66.6% |
| Other amounts payable | 47/48 | €204,640 | €411,350 | +€206,710 | +101% |
| Accrued charges and deferred income | 492/3 | €3,044 | €0 | -€3,044 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,322 | €17,181 | +€2,859 | +20.0% |
| Other operating charges | 640/8 | €2,437 | €6,506 | +€4,069 | +167% |
| Gross operating margin | 9900 | -€32,237 | €8,190 | +€40,426 | |
| Operating profit (loss) | 9901 | -€48,995 | -€15,497 | +€33,498 | +68.4% |
| Financial charges | 65/66B | €18,180 | €16,772 | -€1,408 | -7.7% |
| Recurring financial charges | 65 | €18,180 | €16,772 | -€1,408 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€67,174 | -€32,268 | +€34,906 | +52.0% |
| Profit (loss) for the period | 9904 | -€67,174 | -€32,268 | +€34,906 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,174 | -€32,268 | +€34,906 | +52.0% |
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 18 October 2026 via checked.be.