BLEJ: 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.
BLEJ
Largest movements
- Receivables within one year +€105,039
up €105,039 (+288%), from €36,490 to €141,529
of which Other amounts receivable: +€91,365
- Tangible fixed assets -€18,878
down €18,878 (-22.8%), from €82,809 to €63,931
of which Leasing and similar rights: -€14,651
- Cash -€9,882
down €9,882 (-84.8%), from €11,658 to €1,776
mainly Receivables within one year (-€105,039) and Debts after one year (-€12,749)
- Receivables after one year -€3,980
down €3,980 (-43.3%), from €9,198 to €5,218
- Profit (loss) carried forward +€68,231
up €68,231 (+159%), from €43,010 to €111,241
- Debts after one year -€12,749
down €12,749 (-29.5%), from €43,257 to €30,509
- Accrued charges and deferred income +€10,000
new in 2025: €10,000
- Trade debts +€8,220
up €8,220 (+820%), from €1,003 to €9,223
- Tax, wage and social debts -€5,218
down €5,218 (-19.3%), from €27,084 to €21,866
- Gross operating margin +€82,580
up €82,580 (+265%), from €31,143 to €113,723
- Depreciation +€5,945
up €5,945 (+37.7%), from €15,787 to €21,732
- Financial charges -€1,173
down €1,173 (-40.6%), from €2,889 to €1,716
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 | €167,997 | €241,933 | +€73,937 | +44.0% |
| Fixed assets | 21/28 | €108,706 | €91,328 | -€17,378 | -16.0% |
| Tangible fixed assets | 22/27 | €82,809 | €63,931 | -€18,878 | -22.8% |
| Plant, machinery and equipment | 23 | €17,153 | €11,641 | -€5,512 | -32.1% |
| Furniture and vehicles | 24 | €2,518 | €3,802 | +€1,284 | +51.0% |
| Leasing and similar rights | 25 | €63,139 | €48,488 | -€14,651 | -23.2% |
| Financial fixed assets | 28 | €25,897 | €27,397 | +€1,500 | +5.8% |
| Current assets | 29/58 | €59,291 | €150,606 | +€91,315 | +154% |
| Amounts receivable after more than one year | 29 | €9,198 | €5,218 | -€3,980 | -43.3% |
| Trade receivables | 290 | €9,198 | €5,218 | -€3,980 | -43.3% |
| Amounts receivable within one year | 40/41 | €36,490 | €141,529 | +€105,039 | +288% |
| Trade receivables | 40 | €13,260 | €26,934 | +€13,674 | +103% |
| Other amounts receivable | 41 | €23,230 | €114,595 | +€91,365 | +393% |
| Current investments | 50/53 | €18 | €8 | -€10 | -55.9% |
| Cash at bank and in hand | 54/58 | €11,658 | €1,776 | -€9,882 | -84.8% |
| Deferred charges and accrued income | 490/1 | €1,927 | €2,075 | +€148 | +7.7% |
| Total equity and liabilities | 10/49 | €167,997 | €241,933 | +€73,937 | +44.0% |
| Equity | 10/15 | €82,600 | €150,831 | +€68,231 | +82.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €36,590 | €36,590 | = | 0.0% |
| Distributable reserves | 133 | €36,590 | €36,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,010 | €111,241 | +€68,231 | +159% |
| Amounts payable | 17/49 | €85,396 | €91,102 | +€5,706 | +6.7% |
| Amounts payable after more than one year | 17 | €43,257 | €30,509 | -€12,749 | -29.5% |
| Financial debts | 170/4 | €43,257 | €30,509 | -€12,749 | -29.5% |
| Amounts payable within one year | 42/48 | €42,139 | €50,593 | +€8,454 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €13,978 | €17,814 | +€3,836 | +27.4% |
| Financial debts | 43 | €74 | €1,689 | +€1,616 | +2,198% |
| Credit institutions | 430/8 | €74 | €1,689 | +€1,616 | +2,198% |
| Trade debts | 44 | €1,003 | €9,223 | +€8,220 | +820% |
| Suppliers | 440/4 | €1,003 | €9,223 | +€8,220 | +820% |
| Taxes, remuneration and social security | 45 | €27,084 | €21,866 | -€5,218 | -19.3% |
| Taxes | 450/3 | €27,084 | €21,866 | -€5,218 | -19.3% |
| Accrued charges and deferred income | 492/3 | - | €10,000 | +€10,000 | |
| Non-recurring operating income | 76A | - | €2,068 | +€2,068 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,787 | €21,732 | +€5,945 | +37.7% |
| Other operating charges | 640/8 | €2,491 | €2,306 | -€185 | -7.4% |
| Non-recurring operating charges | 66A | €1,214 | - | -€1,214 | |
| Gross operating margin | 9900 | €31,143 | €113,723 | +€82,580 | +265% |
| Operating profit (loss) | 9901 | €11,652 | €89,685 | +€78,033 | +670% |
| Financial income | 75/76B | €641 | €351 | -€290 | -45.2% |
| Recurring financial income | 75 | €641 | €351 | -€290 | -45.2% |
| Financial charges | 65/66B | €2,889 | €1,716 | -€1,173 | -40.6% |
| Recurring financial charges | 65 | €2,889 | €1,716 | -€1,173 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €9,404 | €88,320 | +€78,916 | +839% |
| Income taxes | 67/77 | €19,157 | €20,090 | +€933 | +4.9% |
| Profit (loss) for the period | 9904 | -€9,752 | €68,231 | +€77,983 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,752 | €68,231 | +€77,983 |
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 14 October 2026 via checked.be.