BLCG: 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.
BLCG
Largest movements
- Receivables within one year +€96,490
up €96,490 (+106%), from €90,642 to €187,132
of which Trade receivables: +€96,500
- Tangible fixed assets -€17,838
down €17,838 (-70.6%), from €25,271 to €7,433
of which Furniture and vehicles: -€16,926
- Cash -€4,035
down €4,035 (-6.1%), from €65,940 to €61,906
mainly Contributions, distributions and other (-€469,212) and Receivables within one year (-€96,490)
- Other debts +€87,701
up €87,701 (+65.0%), from €135,019 to €222,720
- Current portion of long-term debt -€9,832
down €9,832 (-65.7%), from €14,961 to €5,129
- Debts after one year -€5,444
no longer reported in 2025 (was €5,444)
- Tax, wage and social debts +€3,081
up €3,081 (+53.6%), from €5,750 to €8,831
of which Taxes: +€3,081
- Trade debts -€3,008
down €3,008 (-82.6%), from €3,640 to €633
- Gross operating margin +€445,447
up €445,447 (+228%), from €195,486 to €640,933
- Taxes +€110,963
up €110,963 (+268%), from €41,368 to €152,331
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 | €185,275 | €257,773 | +€72,499 | +39.1% |
| Fixed assets | 21/28 | €25,271 | €7,433 | -€17,838 | -70.6% |
| Tangible fixed assets | 22/27 | €25,271 | €7,433 | -€17,838 | -70.6% |
| Furniture and vehicles | 24 | €23,600 | €6,673 | -€16,926 | -71.7% |
| Other tangible fixed assets | 26 | €1,671 | €760 | -€912 | -54.5% |
| Current assets | 29/58 | €160,004 | €250,340 | +€90,336 | +56.5% |
| Amounts receivable within one year | 40/41 | €90,642 | €187,132 | +€96,490 | +106% |
| Trade receivables | 40 | €90,000 | €186,500 | +€96,500 | +107% |
| Other amounts receivable | 41 | €642 | €632 | -€10 | -1.6% |
| Cash at bank and in hand | 54/58 | €65,940 | €61,906 | -€4,035 | -6.1% |
| Deferred charges and accrued income | 490/1 | €3,422 | €1,303 | -€2,119 | -61.9% |
| Total equity and liabilities | 10/49 | €185,275 | €257,773 | +€72,499 | +39.1% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €164,815 | €237,313 | +€72,499 | +44.0% |
| Amounts payable after more than one year | 17 | €5,444 | - | -€5,444 | |
| Financial debts | 170/4 | €5,444 | - | -€5,444 | |
| Amounts payable within one year | 42/48 | €159,371 | €237,313 | +€77,942 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | €14,961 | €5,129 | -€9,832 | -65.7% |
| Trade debts | 44 | €3,640 | €633 | -€3,008 | -82.6% |
| Suppliers | 440/4 | €3,640 | €633 | -€3,008 | -82.6% |
| Taxes, remuneration and social security | 45 | €5,750 | €8,831 | +€3,081 | +53.6% |
| Taxes | 450/3 | €750 | €3,831 | +€3,081 | +411% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €135,019 | €222,720 | +€87,701 | +65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,236 | €17,838 | -€398 | -2.2% |
| Other operating charges | 640/8 | €1,443 | €1,303 | -€140 | -9.7% |
| Gross operating margin | 9900 | €195,486 | €640,933 | +€445,447 | +228% |
| Operating profit (loss) | 9901 | €175,808 | €621,793 | +€445,985 | +254% |
| Financial charges | 65/66B | €339 | €250 | -€89 | -26.2% |
| Recurring financial charges | 65 | €339 | €250 | -€89 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €175,469 | €621,543 | +€446,074 | +254% |
| Income taxes | 67/77 | €41,368 | €152,331 | +€110,963 | +268% |
| Profit (loss) for the period | 9904 | €134,101 | €469,212 | +€335,112 | +250% |
| Profit (loss) for the period to be appropriated | 9905 | €134,101 | €469,212 | +€335,112 | +250% |
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 25 October 2026 via checked.be.