BLA: 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.
BLA
Largest movements
- Cash -€239,793
down €239,793 (-97.9%), from €244,865 to €5,072
mainly Current portion of long-term debt (-€260,677) and Net result for the year (-€256,842)
- Receivables within one year -€210,000
down €210,000 (-74.0%), from €283,768 to €73,768
of which Trade receivables: -€210,000
- Current portion of long-term debt -€260,677
down €260,677 (-72.4%), from €360,210 to €99,534
- Profit (loss) carried forward -€256,842
down €256,842 (-77.6%), from €331,036 to €74,194
- Debts after one year -€92,008
down €92,008 (-15.8%), from €584,074 to €492,066
- Other debts +€85,778
up €85,778 (+1.9%), from €4.6m to €4.7m
- Gross operating margin -€370,646
down €370,646, from €298,362 to -€72,284
- Financial charges -€66,878
down €66,878 (-30.9%), from €216,283 to €149,404
- Taxes -€16,861
down €16,861 (-100%), from €16,861 to €0
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 | €6,317,090 | €5,800,818 | -€516,272 | -8.2% |
| Fixed assets | 21/28 | €5,754,457 | €5,720,423 | -€34,034 | -0.6% |
| Tangible fixed assets | 22/27 | €222,417 | €188,382 | -€34,035 | -15.3% |
| Plant, machinery and equipment | 23 | €244 | €0 | -€244 | -100% |
| Other tangible fixed assets | 26 | €222,174 | €188,382 | -€33,791 | -15.2% |
| Financial fixed assets | 28 | €5,532,040 | €5,532,041 | +€1 | 0.0% |
| Current assets | 29/58 | €562,633 | €80,395 | -€482,238 | -85.7% |
| Amounts receivable within one year | 40/41 | €283,768 | €73,768 | -€210,000 | -74.0% |
| Trade receivables | 40 | €270,500 | €60,500 | -€210,000 | -77.6% |
| Other amounts receivable | 41 | €13,268 | €13,268 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €244,865 | €5,072 | -€239,793 | -97.9% |
| Deferred charges and accrued income | 490/1 | €34,000 | €1,555 | -€32,445 | -95.4% |
| Total equity and liabilities | 10/49 | €6,317,090 | €5,800,818 | -€516,272 | -8.2% |
| Equity | 10/15 | €771,036 | €514,194 | -€256,842 | -33.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €390,000 | €390,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €385,000 | €385,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €331,036 | €74,194 | -€256,842 | -77.6% |
| Amounts payable | 17/49 | €5,546,054 | €5,286,624 | -€259,430 | -4.7% |
| Amounts payable after more than one year | 17 | €584,074 | €492,066 | -€92,008 | -15.8% |
| Financial debts | 170/4 | €584,074 | €492,066 | -€92,008 | -15.8% |
| Amounts payable within one year | 42/48 | €4,960,361 | €4,789,958 | -€170,403 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €360,210 | €99,534 | -€260,677 | -72.4% |
| Trade debts | 44 | €15,369 | €16,001 | +€632 | +4.1% |
| Suppliers | 440/4 | €15,369 | €16,001 | +€632 | +4.1% |
| Taxes, remuneration and social security | 45 | €7,464 | €11,327 | +€3,864 | +51.8% |
| Taxes | 450/3 | €7,464 | €11,327 | +€3,864 | +51.8% |
| Other amounts payable | 47/48 | €4,577,318 | €4,663,096 | +€85,778 | +1.9% |
| Accrued charges and deferred income | 492/3 | €1,619 | €4,600 | +€2,981 | +184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,409 | €34,035 | -€374 | -1.1% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €298,362 | -€72,284 | -€370,646 | |
| Operating profit (loss) | 9901 | €262,868 | -€107,438 | -€370,305 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €216,283 | €149,404 | -€66,878 | -30.9% |
| Recurring financial charges | 65 | €216,283 | €149,404 | -€66,878 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €46,585 | -€256,842 | -€303,427 | |
| Income taxes | 67/77 | €16,861 | €0 | -€16,861 | -100% |
| Profit (loss) for the period | 9904 | €29,724 | -€256,842 | -€286,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,724 | -€256,842 | -€286,566 |
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 14 October 2026 via checked.be.