BLC group: 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 group
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+43.4%), from €4.1m to €5.9m
of which Land and buildings: +€1.8m
- Receivables within one year -€854,835
down €854,835 (-39.3%), from €2.2m to €1.3m
of which Other amounts receivable: -€828,049
- Debts after one year +€1.1m
up €1.1m (+147%), from €720,566 to €1.8m
- Trade debts -€362,711
down €362,711 (-43.2%), from €840,050 to €477,339
- Reserves +€134,062
up €134,062 (+3.7%), from €3.6m to €3.7m
of which Distributable reserves: +€578,000
- Financial charges -€627,390
down €627,390 (-91.2%), from €688,054 to €60,664
- Financial income -€137,594
down €137,594 (-86.9%), from €158,424 to €20,830
- Depreciation +€82,651
up €82,651 (+56.5%), from €146,224 to €228,875
- Gross operating margin +€24,532
up €24,532 (+5.4%), from €457,927 to €482,459
- Other operating charges -€7,557
down €7,557 (-21.7%), from €34,871 to €27,314
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 | €8,234,158 | €9,179,524 | +€945,366 | +11.5% |
| Fixed assets | 21/28 | €5,972,955 | €7,746,480 | +€1.8m | +29.7% |
| Tangible fixed assets | 22/27 | €4,088,127 | €5,861,651 | +€1.8m | +43.4% |
| Land and buildings | 22 | €4,069,871 | €5,857,893 | +€1.8m | +43.9% |
| Furniture and vehicles | 24 | €18,255 | €3,759 | -€14,496 | -79.4% |
| Financial fixed assets | 28 | €1,884,828 | €1,884,828 | = | 0.0% |
| Current assets | 29/58 | €2,261,203 | €1,433,044 | -€828,159 | -36.6% |
| Amounts receivable within one year | 40/41 | €2,173,148 | €1,318,313 | -€854,835 | -39.3% |
| Trade receivables | 40 | €271,870 | €245,084 | -€26,786 | -9.9% |
| Other amounts receivable | 41 | €1,901,278 | €1,073,229 | -€828,049 | -43.6% |
| Cash at bank and in hand | 54/58 | €88,055 | €106,262 | +€18,208 | +20.7% |
| Deferred charges and accrued income | 490/1 | - | €8,469 | +€8,469 | |
| Total equity and liabilities | 10/49 | €8,234,158 | €9,179,524 | +€945,366 | +11.5% |
| Equity | 10/15 | €5,057,389 | €5,191,503 | +€134,114 | +2.7% |
| Contributions | 10/11 | €1,194,592 | €1,194,592 | = | 0.0% |
| Capital | 10 | €1,194,592 | €1,194,592 | = | 0.0% |
| Issued capital | 100 | €1,194,592 | €1,194,592 | = | 0.0% |
| Revaluation surpluses | 12 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €3,612,406 | €3,746,468 | +€134,062 | +3.7% |
| Non-distributable reserves | 130/1 | €117,600 | €117,600 | = | 0.0% |
| Legal reserve | 130 | €117,600 | €117,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,727,806 | €1,283,868 | -€443,938 | -25.7% |
| Distributable reserves | 133 | €1,767,000 | €2,345,000 | +€578,000 | +32.7% |
| Profit (loss) carried forward | 14 | €391 | €443 | +€52 | +13.3% |
| Provisions and deferred taxes | 16 | €418,004 | €396,274 | -€21,730 | -5.2% |
| Deferred taxes | 168 | €418,004 | €396,274 | -€21,730 | -5.2% |
| Amounts payable | 17/49 | €2,758,765 | €3,591,747 | +€832,982 | +30.2% |
| Amounts payable after more than one year | 17 | €720,566 | €1,782,360 | +€1.1m | +147% |
| Financial debts | 170/4 | €720,566 | €1,782,360 | +€1.1m | +147% |
| Amounts payable within one year | 42/48 | €2,038,198 | €1,809,386 | -€228,812 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €392,501 | €464,873 | +€72,371 | +18.4% |
| Trade debts | 44 | €840,050 | €477,339 | -€362,711 | -43.2% |
| Suppliers | 440/4 | €840,050 | €477,339 | -€362,711 | -43.2% |
| Taxes, remuneration and social security | 45 | €47,787 | €103,404 | +€55,618 | +116% |
| Taxes | 450/3 | €47,787 | €103,404 | +€55,618 | +116% |
| Other amounts payable | 47/48 | €757,861 | €763,770 | +€5,910 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,224 | €228,875 | +€82,651 | +56.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€693 | - | +€693 | |
| Other operating charges | 640/8 | €34,871 | €27,314 | -€7,557 | -21.7% |
| Gross operating margin | 9900 | €457,927 | €482,459 | +€24,532 | +5.4% |
| Operating profit (loss) | 9901 | €277,525 | €226,270 | -€51,255 | -18.5% |
| Financial income | 75/76B | €158,424 | €20,830 | -€137,594 | -86.9% |
| Recurring financial income | 75 | €158,424 | €20,830 | -€137,594 | -86.9% |
| Financial charges | 65/66B | €688,054 | €60,664 | -€627,390 | -91.2% |
| Recurring financial charges | 65 | €688,054 | €60,664 | -€627,390 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | -€252,105 | €186,436 | +€438,541 | |
| Transfer from deferred taxes | 780 | €15,369 | €21,730 | +€6,361 | +41.4% |
| Income taxes | 67/77 | €73,549 | €74,052 | +€502 | +0.7% |
| Profit (loss) for the period | 9904 | -€310,285 | €134,114 | +€444,399 | |
| Transfer from tax-exempt reserves | 789 | €369,141 | €443,938 | +€74,796 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,856 | €578,052 | +€519,196 | +882% |
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 19 October 2026 via checked.be.