BLB: 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.
BLB
Largest movements
- Receivables within one year -€32,326
down €32,326 (-14.5%), from €223,075 to €190,749
of which Other amounts receivable: -€47,837
- Cash +€18,147
up €18,147 (+19.6%), from €92,462 to €110,609
mainly Net result for the year (+€109,994) and Receivables within one year (+€32,326)
- Reserves -€21,694
down €21,694 (-15.5%), from €140,094 to €118,401
of which Distributable reserves: -€21,694
- Other debts +€4,127
up €4,127 (+3.8%), from €109,977 to €114,104
- Tax, wage and social debts +€3,383
up €3,383 (+7.4%), from €45,594 to €48,977
- Taxes -€11,490
down €11,490 (-23.6%), from €48,594 to €37,105
- Gross operating margin -€2,021
down €2,021 (-1.5%), from €139,344 to €137,323
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 | €315,961 | €301,358 | -€14,602 | -4.6% |
| Current assets | 29/58 | €315,961 | €301,358 | -€14,602 | -4.6% |
| Amounts receivable within one year | 40/41 | €223,075 | €190,749 | -€32,326 | -14.5% |
| Trade receivables | 40 | - | €15,511 | +€15,511 | |
| Other amounts receivable | 41 | €223,075 | €175,238 | -€47,837 | -21.4% |
| Cash at bank and in hand | 54/58 | €92,462 | €110,609 | +€18,147 | +19.6% |
| Deferred charges and accrued income | 490/1 | €423 | - | -€423 | |
| Total equity and liabilities | 10/49 | €315,961 | €301,358 | -€14,602 | -4.6% |
| Equity | 10/15 | €158,694 | €137,001 | -€21,694 | -13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,094 | €118,401 | -€21,694 | -15.5% |
| 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 | €138,234 | €116,541 | -€21,694 | -15.7% |
| Amounts payable | 17/49 | €157,266 | €164,358 | +€7,091 | +4.5% |
| Amounts payable within one year | 42/48 | €156,766 | €163,758 | +€6,991 | +4.5% |
| Trade debts | 44 | €1,195 | €677 | -€519 | -43.4% |
| Suppliers | 440/4 | €1,195 | €677 | -€519 | -43.4% |
| Taxes, remuneration and social security | 45 | €45,594 | €48,977 | +€3,383 | +7.4% |
| Taxes | 450/3 | €45,594 | €48,977 | +€3,383 | +7.4% |
| Other amounts payable | 47/48 | €109,977 | €114,104 | +€4,127 | +3.8% |
| Accrued charges and deferred income | 492/3 | €500 | €600 | +€100 | +20.0% |
| Other operating charges | 640/8 | €860 | €1,552 | +€692 | +80.5% |
| Gross operating margin | 9900 | €139,344 | €137,323 | -€2,021 | -1.5% |
| Operating profit (loss) | 9901 | €138,485 | €135,771 | -€2,714 | -2.0% |
| Financial income | 75/76B | €12,178 | €11,374 | -€804 | -6.6% |
| Recurring financial income | 75 | €12,178 | €11,374 | -€804 | -6.6% |
| Financial charges | 65/66B | €13 | €47 | +€33 | +247.4% |
| Recurring financial charges | 65 | €13 | €47 | +€33 | +247.4% |
| Profit (loss) for the period before taxes | 9903 | €150,650 | €147,099 | -€3,551 | -2.4% |
| Income taxes | 67/77 | €48,594 | €37,105 | -€11,490 | -23.6% |
| Profit (loss) for the period | 9904 | €102,055 | €109,994 | +€7,939 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,055 | €109,994 | +€7,939 | +7.8% |
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 3 October 2026 via checked.be.