BLEI: 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.
BLEI
Largest movements
- Cash -€297,257
down €297,257 (-29.7%), from €999,719 to €702,462
mainly Contributions, distributions and other (-€1.6m) and Investment in fixed assets (net) (-€103,949)
- Stocks and contracts +€102,326
up €102,326 (+1036.1%), from €9,876 to €112,201
- Tangible fixed assets +€58,441
up €58,441 (+35.5%), from €164,566 to €223,007
of which Plant, machinery and equipment: +€52,757
- Deferred charges and accrued income +€42,639
up €42,639 (+1138.3%), from €3,746 to €46,384
- Receivables within one year -€28,304
down €28,304 (-31.0%), from €91,412 to €63,108
of which Trade receivables: -€30,898
- Reserves -€688,803
down €688,803 (-70.1%), from €982,547 to €293,745
- Other debts +€532,302
up €532,302 (+1592.7%), from €33,421 to €565,724
- Tax, wage and social debts +€101,462
up €101,462 (+444.8%), from €22,809 to €124,271
of which Taxes: +€99,499
- Trade debts -€67,117
down €67,117 (-62.5%), from €107,340 to €40,223
- Gross operating margin +€310,011
up €310,011 (+33.1%), from €937,603 to €1.2m
- Taxes +€68,318
up €68,318 (+31.7%), from €215,610 to €283,928
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 | €1,269,318 | €1,147,162 | -€122,156 | -9.6% |
| Fixed assets | 21/28 | €164,566 | €223,007 | +€58,441 | +35.5% |
| Tangible fixed assets | 22/27 | €164,566 | €223,007 | +€58,441 | +35.5% |
| Land and buildings | 22 | €78,666 | €73,517 | -€5,149 | -6.5% |
| Plant, machinery and equipment | 23 | €32,797 | €85,554 | +€52,757 | +160.9% |
| Furniture and vehicles | 24 | €53,103 | €63,936 | +€10,833 | +20.4% |
| Current assets | 29/58 | €1,104,752 | €924,155 | -€180,597 | -16.3% |
| Stocks and contracts in progress | 3 | €9,876 | €112,201 | +€102,326 | +1036.1% |
| Stocks | 30/36 | €9,876 | €112,201 | +€102,326 | +1036.1% |
| Amounts receivable within one year | 40/41 | €91,412 | €63,108 | -€28,304 | -31.0% |
| Trade receivables | 40 | €91,392 | €60,495 | -€30,898 | -33.8% |
| Other amounts receivable | 41 | €19 | €2,613 | +€2,594 | +13369.3% |
| Cash at bank and in hand | 54/58 | €999,719 | €702,462 | -€297,257 | -29.7% |
| Deferred charges and accrued income | 490/1 | €3,746 | €46,384 | +€42,639 | +1138.3% |
| Total equity and liabilities | 10/49 | €1,269,318 | €1,147,162 | -€122,156 | -9.6% |
| Equity | 10/15 | €1,105,747 | €416,945 | -€688,803 | -62.3% |
| Contributions | 10/11 | €123,200 | €123,200 | = | 0.0% |
| Reserves | 13 | €982,547 | €293,745 | -€688,803 | -70.1% |
| Distributable reserves | 133 | €982,547 | €293,745 | -€688,803 | -70.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €163,571 | €730,217 | +€566,647 | +346.4% |
| Amounts payable within one year | 42/48 | €163,571 | €730,217 | +€566,647 | +346.4% |
| Trade debts | 44 | €107,340 | €40,223 | -€67,117 | -62.5% |
| Suppliers | 440/4 | €107,340 | €40,223 | -€67,117 | -62.5% |
| Taxes, remuneration and social security | 45 | €22,809 | €124,271 | +€101,462 | +444.8% |
| Taxes | 450/3 | €19,676 | €119,175 | +€99,499 | +505.7% |
| Remuneration and social security | 454/9 | €3,133 | €5,096 | +€1,963 | +62.7% |
| Other amounts payable | 47/48 | €33,421 | €565,724 | +€532,302 | +1592.7% |
| Remuneration, social security and pensions | 62 | €33,447 | €35,903 | +€2,456 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,060 | €45,508 | +€6,448 | +16.5% |
| Other operating charges | 640/8 | €3,504 | €2,632 | -€872 | -24.9% |
| Gross operating margin | 9900 | €937,603 | €1,247,614 | +€310,011 | +33.1% |
| Operating profit (loss) | 9901 | €861,593 | €1,163,572 | +€301,979 | +35.0% |
| Financial income | 75/76B | €17,110 | €13,927 | -€3,184 | -18.6% |
| Recurring financial income | 75 | €17,110 | €13,927 | -€3,184 | -18.6% |
| Financial charges | 65/66B | €1,926 | €2,372 | +€447 | +23.2% |
| Recurring financial charges | 65 | €1,926 | €2,372 | +€447 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €876,777 | €1,175,126 | +€298,349 | +34.0% |
| Income taxes | 67/77 | €215,610 | €283,928 | +€68,318 | +31.7% |
| Profit (loss) for the period | 9904 | €661,167 | €891,197 | +€230,031 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €661,167 | €891,197 | +€230,031 | +34.8% |
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 11 October 2026 via checked.be.