BLC INVEST: 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.
What changed
BLC INVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€72,081
2024 · €89,145-€17,064
Equity
€1.9m
2024 · €1.8m+€72,081
Cash
€27,306
2024 · €16,585+€10,721
Balance sheet total
€4.4m
2024 · €4.5m-€82,298
Largest movements
Assets
- Tangible fixed assets -€117,485
down €117,485 (-3.7%), from €3.2m to €3.1m
of which Land and buildings: -€96,324
Equity and liabilities
- Current portion of long-term debt -€83,842
down €83,842 (-23.8%), from €352,568 to €268,726
- Reserves +€72,081
up €72,081 (+4.4%), from €1.6m to €1.7m
of which Distributable reserves: +€72,081
Income statement
- Purchases and services +€75,981
up €75,981 (+55.0%), from €138,131 to €214,112
- Turnover +€48,161
up €48,161 (+7.8%), from €615,833 to €663,994
- Gross operating margin -€27,820
down €27,820 (-5.8%), from €477,702 to €449,882
- Financial charges -€9,202
down €9,202 (-12.2%), from €75,298 to €66,096
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
€89,145
Gross operating margin
-€27,820
Staff costs
+€6,534
Depreciation
-€1,685
Other operating charges
-€3,247
Financial charges
+€9,202
Taxes
-€48
Result 2025
€72,081
raises the resultlowers the result
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.
From operations
+€137,740
Investment
-€9,889
Financing
-€117,130
Cash 2024
€16,585
From operations (derived)
+€137,740
Net result for the year
+€72,081
Depreciation
+€127,374
Stocks and contracts
-€23,264
Receivables within one year
+€1,829
Deferred charges and accrued income
-€3,031
Trade debts
-€7,240
Tax, wage and social debts
-€10,074
Other debts
-€19,135
Accrued charges and deferred income
-€800
Investment (derived)
-€9,889
Investment in fixed assets (net)
-€9,889
Financing
-€117,130
Debts after one year
-€33,288
Current portion of long-term debt
-€83,842
Cash 2025
€27,306
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,494,873 | €4,412,575 | -€82,298 | -1.8% |
| Fixed assets | 21/28 | €4,151,749 | €4,034,264 | -€117,485 | -2.8% |
| Tangible fixed assets | 22/27 | €3,218,249 | €3,100,764 | -€117,485 | -3.7% |
| Land and buildings | 22 | €3,157,752 | €3,061,428 | -€96,324 | -3.1% |
| Furniture and vehicles | 24 | €60,497 | €39,336 | -€21,161 | -35.0% |
| Financial fixed assets | 28 | €933,500 | €933,500 | = | 0.0% |
| Current assets | 29/58 | €343,124 | €378,311 | +€35,187 | +10.3% |
| Stocks and contracts in progress | 3 | €102,459 | €125,723 | +€23,264 | +22.7% |
| Stocks | 30/36 | €102,459 | €125,723 | +€23,264 | +22.7% |
| Amounts receivable within one year | 40/41 | €204,080 | €202,251 | -€1,829 | -0.9% |
| Trade receivables | 40 | €30,000 | €33,538 | +€3,538 | +11.8% |
| Other amounts receivable | 41 | €174,080 | €168,713 | -€5,367 | -3.1% |
| Cash at bank and in hand | 54/58 | €16,585 | €27,306 | +€10,721 | +64.6% |
| Deferred charges and accrued income | 490/1 | €20,000 | €23,031 | +€3,031 | +15.2% |
| Total equity and liabilities | 10/49 | €4,494,873 | €4,412,575 | -€82,298 | -1.8% |
| Equity | 10/15 | €1,836,070 | €1,908,151 | +€72,081 | +3.9% |
| Contributions | 10/11 | €206,200 | €206,200 | = | 0.0% |
| Reserves | 13 | €1,629,870 | €1,701,951 | +€72,081 | +4.4% |
| Non-distributable reserves | 130/1 | €21,860 | €21,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,860 | €21,860 | = | 0.0% |
| Distributable reserves | 133 | €1,608,010 | €1,680,091 | +€72,081 | +4.5% |
| Amounts payable | 17/49 | €2,658,803 | €2,504,424 | -€154,379 | -5.8% |
| Amounts payable after more than one year | 17 | €1,485,154 | €1,451,866 | -€33,288 | -2.2% |
| Financial debts | 170/4 | €1,485,154 | €1,451,866 | -€33,288 | -2.2% |
| Amounts payable within one year | 42/48 | €1,172,449 | €1,052,158 | -€120,291 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €352,568 | €268,726 | -€83,842 | -23.8% |
| Trade debts | 44 | €503,550 | €496,310 | -€7,240 | -1.4% |
| Suppliers | 440/4 | €503,550 | €496,310 | -€7,240 | -1.4% |
| Taxes, remuneration and social security | 45 | €57,062 | €46,988 | -€10,074 | -17.7% |
| Taxes | 450/3 | €26,024 | €26,344 | +€320 | +1.2% |
| Remuneration and social security | 454/9 | €31,038 | €20,644 | -€10,394 | -33.5% |
| Other amounts payable | 47/48 | €259,269 | €240,134 | -€19,135 | -7.4% |
| Accrued charges and deferred income | 492/3 | €1,200 | €400 | -€800 | -66.7% |
| Turnover | 70 | €615,833 | €663,994 | +€48,161 | +7.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €138,131 | €214,112 | +€75,981 | +55.0% |
| Remuneration, social security and pensions | 62 | €127,603 | €121,069 | -€6,534 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,689 | €127,374 | +€1,685 | +1.3% |
| Other operating charges | 640/8 | €28,741 | €31,988 | +€3,247 | +11.3% |
| Gross operating margin | 9900 | €477,702 | €449,882 | -€27,820 | -5.8% |
| Operating profit (loss) | 9901 | €195,669 | €169,451 | -€26,218 | -13.4% |
| Financial charges | 65/66B | €75,298 | €66,096 | -€9,202 | -12.2% |
| Recurring financial charges | 65 | €75,298 | €66,096 | -€9,202 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €120,371 | €103,355 | -€17,016 | -14.1% |
| Income taxes | 67/77 | €31,226 | €31,274 | +€48 | +0.2% |
| Profit (loss) for the period | 9904 | €89,145 | €72,081 | -€17,064 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €89,145 | €72,081 | -€17,064 | -19.1% |
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 21 October 2026 via checked.be.