BLC: 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.
BLC
Largest movements
- Receivables within one year +€12,151
up €12,151 (+13.4%), from €90,438 to €102,589
of which Other amounts receivable: +€49,722
- Cash +€3,886
up €3,886 (+5.9%), from €65,436 to €69,321
mainly Other debts (+€67,000) and Advances received (+€38,315)
- Other debts +€67,000
new in 2025: €67,000
- Reserves -€39,946
down €39,946 (-57.7%), from €69,219 to €29,273
of which Distributable reserves: -€39,946
- Advances received +€38,315
up €38,315 (+169.0%), from €22,668 to €60,983
- Trade debts -€31,404
down €31,404 (-94.2%), from €33,348 to €1,944
- Tax, wage and social debts -€16,318
down €16,318 (-59.3%), from €27,538 to €11,221
- Gross operating margin -€23,554
down €23,554 (-38.6%), from €60,978 to €37,424
- Financial income +€939
up €939 (+185.4%), from €506 to €1,445
of which Financial income: +€1,239
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 | €165,174 | €182,825 | +€17,651 | +10.7% |
| Fixed assets | 21/28 | €9,300 | €10,914 | +€1,614 | +17.4% |
| Tangible fixed assets | 22/27 | - | €1,614 | +€1,614 | |
| Furniture and vehicles | 24 | - | €1,614 | +€1,614 | |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €155,874 | €171,911 | +€16,037 | +10.3% |
| Amounts receivable within one year | 40/41 | €90,438 | €102,589 | +€12,151 | +13.4% |
| Trade receivables | 40 | €77,570 | €40,000 | -€37,570 | -48.4% |
| Other amounts receivable | 41 | €12,868 | €62,589 | +€49,722 | +386.4% |
| Cash at bank and in hand | 54/58 | €65,436 | €69,321 | +€3,886 | +5.9% |
| Total equity and liabilities | 10/49 | €165,174 | €182,825 | +€17,651 | +10.7% |
| Equity | 10/15 | €81,619 | €41,673 | -€39,946 | -48.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €69,219 | €29,273 | -€39,946 | -57.7% |
| 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 | €67,359 | €27,413 | -€39,946 | -59.3% |
| Amounts payable | 17/49 | €83,554 | €141,152 | +€57,597 | +68.9% |
| Amounts payable within one year | 42/48 | €83,554 | €141,148 | +€57,593 | +68.9% |
| Trade debts | 44 | €33,348 | €1,944 | -€31,404 | -94.2% |
| Suppliers | 440/4 | €33,348 | €1,944 | -€31,404 | -94.2% |
| Advances received on contracts in progress | 46 | €22,668 | €60,983 | +€38,315 | +169.0% |
| Taxes, remuneration and social security | 45 | €27,538 | €11,221 | -€16,318 | -59.3% |
| Taxes | 450/3 | €27,538 | €11,221 | -€16,318 | -59.3% |
| Other amounts payable | 47/48 | - | €67,000 | +€67,000 | |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €244 | +€244 | |
| Other operating charges | 640/8 | €440 | €188 | -€253 | -57.4% |
| Gross operating margin | 9900 | €60,978 | €37,424 | -€23,554 | -38.6% |
| Operating profit (loss) | 9901 | €60,537 | €36,992 | -€23,545 | -38.9% |
| Financial income | 75/76B | €506 | €1,445 | +€939 | +185.4% |
| Recurring financial income | 75 | €206 | €1,445 | +€1,239 | +600.5% |
| Non-recurring financial income | 76B | €300 | - | -€300 | |
| Financial charges | 65/66B | €167 | €238 | +€71 | +42.8% |
| Recurring financial charges | 65 | €167 | €238 | +€71 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €60,877 | €38,200 | -€22,677 | -37.3% |
| Income taxes | 67/77 | €10,773 | €11,146 | +€373 | +3.5% |
| Profit (loss) for the period | 9904 | €50,104 | €27,054 | -€23,050 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,104 | €27,054 | -€23,050 | -46.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.