BLECCI: 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.
BLECCI
Largest movements
- Receivables within one year +€710,807
up €710,807 (+40.7%), from €1.7m to €2.5m
of which Other amounts receivable: +€643,807
- Tangible fixed assets -€393,531
down €393,531 (-79.2%), from €496,951 to €103,420
of which Land and buildings: -€395,563
- Cash +€321,087
up €321,087 (+671.4%), from €47,823 to €368,909
mainly Investment in fixed assets (net) (+€387,025) and Net result for the year (+€309,444)
- Current investments -€234,491
down €234,491 (-7.4%), from €3.2m to €2.9m
- Reserves +€309,444
up €309,444 (+14.6%), from €2.1m to €2.4m
- Tax, wage and social debts +€93,830
up €93,830, from €0 to €93,830
- Gross operating margin +€294,318
up €294,318 (+242.3%), from €121,464 to €415,782
- Financial income +€250,805
up €250,805 (+137.8%), from €182,038 to €432,843
- Financial charges +€176,773
up €176,773 (+91.8%), from €192,580 to €369,354
- Provisions -€152,620
down €152,620 (-100.0%), from €152,620 to €0
- Taxes +€145,511
up €145,511 (+1072.7%), from €13,565 to €159,076
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 | €5,604,330 | €6,007,700 | +€403,370 | +7.2% |
| Fixed assets | 21/28 | €636,951 | €243,420 | -€393,531 | -61.8% |
| Tangible fixed assets | 22/27 | €496,951 | €103,420 | -€393,531 | -79.2% |
| Land and buildings | 22 | €494,244 | €98,681 | -€395,563 | -80.0% |
| Furniture and vehicles | 24 | €2,707 | €4,739 | +€2,032 | +75.1% |
| Financial fixed assets | 28 | €140,000 | €140,000 | = | 0.0% |
| Current assets | 29/58 | €4,967,379 | €5,764,280 | +€796,901 | +16.0% |
| Amounts receivable within one year | 40/41 | €1,746,052 | €2,456,859 | +€710,807 | +40.7% |
| Trade receivables | 40 | - | €67,000 | +€67,000 | |
| Other amounts receivable | 41 | €1,746,052 | €2,389,859 | +€643,807 | +36.9% |
| Current investments | 50/53 | €3,173,003 | €2,938,512 | -€234,491 | -7.4% |
| Cash at bank and in hand | 54/58 | €47,823 | €368,909 | +€321,087 | +671.4% |
| Deferred charges and accrued income | 490/1 | €502 | €0 | -€502 | -100.0% |
| Total equity and liabilities | 10/49 | €5,604,330 | €6,007,700 | +€403,370 | +7.2% |
| Equity | 10/15 | €5,241,864 | €5,551,308 | +€309,444 | +5.9% |
| Contributions | 10/11 | €3,126,000 | €3,126,000 | = | 0.0% |
| Reserves | 13 | €2,115,864 | €2,425,308 | +€309,444 | +14.6% |
| Distributable reserves | 133 | €2,115,864 | €2,425,308 | +€309,444 | +14.6% |
| Provisions and deferred taxes | 16 | €362,261 | €362,261 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €362,261 | €362,261 | = | 0.0% |
| Environmental obligations | 163 | €362,261 | €362,261 | = | 0.0% |
| Amounts payable | 17/49 | €205 | €94,131 | +€93,925 | +45752.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €205 | €94,131 | +€93,925 | +45752.6% |
| Trade debts | 44 | €205 | €301 | +€95 | +46.5% |
| Suppliers | 440/4 | €205 | €301 | +€95 | +46.5% |
| Taxes, remuneration and social security | 45 | €0 | €93,830 | +€93,830 | |
| Taxes | 450/3 | €0 | €93,830 | +€93,830 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,767 | €6,505 | -€24,262 | -78.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €152,620 | €0 | -€152,620 | -100.0% |
| Other operating charges | 640/8 | €6,556 | €4,246 | -€2,310 | -35.2% |
| Gross operating margin | 9900 | €121,464 | €415,782 | +€294,318 | +242.3% |
| Operating profit (loss) | 9901 | -€68,480 | €405,031 | +€473,510 | |
| Financial income | 75/76B | €182,038 | €432,843 | +€250,805 | +137.8% |
| Recurring financial income | 75 | €182,038 | €432,843 | +€250,805 | +137.8% |
| Financial charges | 65/66B | €192,580 | €369,354 | +€176,773 | +91.8% |
| Recurring financial charges | 65 | €192,580 | €369,354 | +€176,773 | +91.8% |
| Profit (loss) for the period before taxes | 9903 | -€79,022 | €468,520 | +€547,542 | |
| Income taxes | 67/77 | €13,565 | €159,076 | +€145,511 | +1072.7% |
| Profit (loss) for the period | 9904 | -€92,587 | €309,444 | +€402,032 | |
| Profit (loss) for the period to be appropriated | 9905 | -€92,587 | €309,444 | +€402,032 |
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 4 October 2026 via checked.be.