BLAGIR: 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.
What changed
BLAGIR
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€65,034
2024 · €666+€64,368
Equity
€2.5m
2024 · €2.4m+€65,034
Cash
€1.6m
2024 · €1.7m-€77,491
Balance sheet total
€10.9m
2024 · €10.8m+€130,802
Largest movements
Assets
- Receivables within one year +€449,156
up €449,156 (+39.8%), from €1.1m to €1.6m
of which Other amounts receivable: +€304,398
- Tangible fixed assets -€240,710
down €240,710 (-4.0%), from €6.0m to €5.8m
of which Land and buildings: -€248,288
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€85,287
up €85,287 (+20.4%), from €418,095 to €503,382
- Taxes +€21,428
up €21,428 (+8584.4%), from €250 to €21,678
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.
Result 2024
€666
Gross operating margin
+€85,287
Depreciation
-€2,188
Other operating charges
+€2,670
Financial income
+€938
Financial charges
-€910
Taxes
-€21,428
Result 2025
€65,034
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.
From operations
-€104,142
Investment
-€39,762
Financing
+€66,413
Cash 2024
€1.7m
From operations (derived)
-€104,142
Net result for the year
+€65,034
Depreciation
+€280,473
Receivables within one year
-€449,156
Smaller working-capital items
+€983
Trade debts
+€21,796
Tax, wage and social debts
-€23,272
Investment (derived)
-€39,762
Investment in fixed assets (net)
-€39,762
Financing
+€66,413
Debts after one year
+€66,413
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,792,158 | €10,922,959 | +€130,802 | +1.2% |
| Fixed assets | 21/28 | €7,938,037 | €7,697,327 | -€240,710 | -3.0% |
| Tangible fixed assets | 22/27 | €6,031,463 | €5,790,753 | -€240,710 | -4.0% |
| Land and buildings | 22 | €6,014,790 | €5,766,501 | -€248,288 | -4.1% |
| Plant, machinery and equipment | 23 | €10,246 | €23,404 | +€13,157 | +128.4% |
| Furniture and vehicles | 24 | €6,427 | €0 | -€6,427 | -100.0% |
| Assets under construction and advance payments | 27 | - | €848 | +€848 | |
| Financial fixed assets | 28 | €1,906,574 | €1,906,574 | = | 0.0% |
| Current assets | 29/58 | €2,854,120 | €3,225,632 | +€371,512 | +13.0% |
| Amounts receivable within one year | 40/41 | €1,128,975 | €1,578,131 | +€449,156 | +39.8% |
| Trade receivables | 40 | €61,745 | €206,504 | +€144,759 | +234.4% |
| Other amounts receivable | 41 | €1,067,230 | €1,371,627 | +€304,398 | +28.5% |
| Cash at bank and in hand | 54/58 | €1,709,410 | €1,631,919 | -€77,491 | -4.5% |
| Deferred charges and accrued income | 490/1 | €15,735 | €15,582 | -€153 | -1.0% |
| Total equity and liabilities | 10/49 | €10,792,158 | €10,922,959 | +€130,802 | +1.2% |
| Equity | 10/15 | €2,400,465 | €2,465,500 | +€65,034 | +2.7% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,740,465 | €1,805,500 | +€65,034 | +3.7% |
| Amounts payable | 17/49 | €8,391,692 | €8,457,460 | +€65,767 | +0.8% |
| Amounts payable after more than one year | 17 | €8,178,355 | €8,244,768 | +€66,413 | +0.8% |
| Other amounts payable | 178/9 | €8,178,355 | €8,244,768 | +€66,413 | +0.8% |
| Amounts payable within one year | 42/48 | €146,925 | €145,449 | -€1,476 | -1.0% |
| Trade debts | 44 | €122,906 | €144,702 | +€21,796 | +17.7% |
| Suppliers | 440/4 | €122,906 | €144,702 | +€21,796 | +17.7% |
| Taxes, remuneration and social security | 45 | €23,272 | €0 | -€23,272 | -100.0% |
| Taxes | 450/3 | €23,272 | €0 | -€23,272 | -100.0% |
| Other amounts payable | 47/48 | €747 | €747 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66,413 | €67,243 | +€830 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,284 | €280,473 | +€2,188 | +0.8% |
| Other operating charges | 640/8 | €72,157 | €69,488 | -€2,670 | -3.7% |
| Gross operating margin | 9900 | €418,095 | €503,382 | +€85,287 | +20.4% |
| Operating profit (loss) | 9901 | €67,653 | €153,422 | +€85,768 | +126.8% |
| Financial income | 75/76B | €0 | €938 | +€938 | |
| Recurring financial income | 75 | €0 | €938 | +€938 | |
| Financial charges | 65/66B | €66,737 | €67,648 | +€910 | +1.4% |
| Recurring financial charges | 65 | €66,737 | €67,648 | +€910 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €916 | €86,712 | +€85,796 | +9366.0% |
| Income taxes | 67/77 | €250 | €21,678 | +€21,428 | +8584.4% |
| Profit (loss) for the period | 9904 | €666 | €65,034 | +€64,368 | +9658.7% |
| Profit (loss) for the period to be appropriated | 9905 | €666 | €65,034 | +€64,368 | +9658.7% |
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 4 October 2026 via checked.be.