BLAVAN: 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.
BLAVAN
Largest movements
- Receivables within one year +€7,397
up €7,397 (+864.9%), from €855 to €8,252
- Cash -€974
down €974 (-12.3%), from €7,890 to €6,916
mainly Net result for the year (-€39,469) and Receivables within one year (-€7,397)
- Stocks and contracts -€740
down €740 (-6.8%), from €10,923 to €10,183
- Profit (loss) carried forward -€39,469
down €39,469 (-66.0%), from -€59,844 to -€99,312
- Other debts +€27,737
up €27,737 (+43.6%), from €63,562 to €91,300
- Trade debts +€14,084
up €14,084 (+568.5%), from €2,478 to €16,562
- Tax, wage and social debts +€3,135
up €3,135 (+34.0%), from €9,211 to €12,346
- Gross operating margin +€24,492
up €24,492, from -€13,382 to €11,111
- Staff costs +€4,189
up €4,189 (+9.2%), from €45,447 to €49,636
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 | €20,407 | €25,895 | +€5,488 | +26.9% |
| Formation expenses | 20 | €740 | €545 | -€195 | -26.3% |
| Current assets | 29/58 | €19,667 | €25,350 | +€5,683 | +28.9% |
| Stocks and contracts in progress | 3 | €10,923 | €10,183 | -€740 | -6.8% |
| Stocks | 30/36 | €10,923 | €10,183 | -€740 | -6.8% |
| Amounts receivable within one year | 40/41 | €855 | €8,252 | +€7,397 | +864.9% |
| Trade receivables | 40 | €855 | €8,252 | +€7,397 | +864.9% |
| Cash at bank and in hand | 54/58 | €7,890 | €6,916 | -€974 | -12.3% |
| Total equity and liabilities | 10/49 | €20,407 | €25,895 | +€5,488 | +26.9% |
| Equity | 10/15 | -€54,844 | -€94,312 | -€39,469 | -72.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,844 | -€99,312 | -€39,469 | -66.0% |
| Amounts payable | 17/49 | €75,251 | €120,207 | +€44,957 | +59.7% |
| Amounts payable within one year | 42/48 | €75,251 | €120,207 | +€44,957 | +59.7% |
| Trade debts | 44 | €2,478 | €16,562 | +€14,084 | +568.5% |
| Suppliers | 440/4 | €2,478 | €16,562 | +€14,084 | +568.5% |
| Taxes, remuneration and social security | 45 | €9,211 | €12,346 | +€3,135 | +34.0% |
| Taxes | 450/3 | €9,211 | €12,346 | +€3,135 | +34.0% |
| Other amounts payable | 47/48 | €63,562 | €91,300 | +€27,737 | +43.6% |
| Non-recurring operating income | 76A | €750 | - | -€750 | |
| Remuneration, social security and pensions | 62 | €45,447 | €49,636 | +€4,189 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235 | €195 | -€40 | -17.0% |
| Other operating charges | 640/8 | €659 | €658 | -€1 | -0.2% |
| Gross operating margin | 9900 | -€13,382 | €11,111 | +€24,492 | |
| Operating profit (loss) | 9901 | -€59,723 | -€39,379 | +€20,344 | +34.1% |
| Financial charges | 65/66B | €120 | €90 | -€30 | -25.1% |
| Recurring financial charges | 65 | €120 | €90 | -€30 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | -€59,844 | -€39,469 | +€20,375 | +34.0% |
| Profit (loss) for the period | 9904 | -€59,844 | -€39,469 | +€20,375 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,844 | -€39,469 | +€20,375 | +34.0% |
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 11 October 2026 via checked.be.