BLEMAN: 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.
BLEMAN
Largest movements
- Financial fixed assets +€40,000
up €40,000 (+11.0%), from €365,000 to €405,000
- Cash +€28,157
up €28,157 (+915%), from €3,076 to €31,233
mainly Other debts (+€97,584) and Current portion of long-term debt (+€20,648)
- Other debts +€97,584
up €97,584 (+101%), from €96,192 to €193,776
- Debts after one year -€44,284
down €44,284 (-13.9%), from €319,325 to €275,041
of which Financial debts: -€44,284
- Trade debts -€24,497
down €24,497 (-32.3%), from €75,780 to €51,283
- Current portion of long-term debt +€20,648
up €20,648 (+48.1%), from €42,899 to €63,547
- Tax, wage and social debts +€15,600
up €15,600 (+50.9%), from €30,647 to €46,247
of which Taxes: +€8,869
- Gross operating margin -€19,125
down €19,125 (-65.7%), from €29,089 to €9,964
- Taxes -€2,340
down €2,340 (-37.6%), from €6,230 to €3,890
- Depreciation +€782
up €782 (+58.8%), from €1,330 to €2,111
- Financial charges -€546
down €546 (-6.6%), from €8,322 to €7,776
- Other operating charges +€368
up €368 (+73.2%), from €502 to €870
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 | €630,948 | €691,316 | +€60,368 | +9.6% |
| Fixed assets | 21/28 | €372,767 | €410,655 | +€37,889 | +10.2% |
| Tangible fixed assets | 22/27 | €7,767 | €5,655 | -€2,111 | -27.2% |
| Plant, machinery and equipment | 23 | €2,273 | €1,810 | -€464 | -20.4% |
| Furniture and vehicles | 24 | €5,493 | €3,846 | -€1,648 | -30.0% |
| Financial fixed assets | 28 | €365,000 | €405,000 | +€40,000 | +11.0% |
| Current assets | 29/58 | €258,181 | €280,661 | +€22,480 | +8.7% |
| Amounts receivable within one year | 40/41 | €255,105 | €249,428 | -€5,678 | -2.2% |
| Trade receivables | 40 | €164,896 | €149,948 | -€14,948 | -9.1% |
| Other amounts receivable | 41 | €90,209 | €99,480 | +€9,270 | +10.3% |
| Cash at bank and in hand | 54/58 | €3,076 | €31,233 | +€28,157 | +915% |
| Total equity and liabilities | 10/49 | €630,948 | €691,316 | +€60,368 | +9.6% |
| Equity | 10/15 | €66,106 | €61,422 | -€4,684 | -7.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €63,600 | €58,922 | -€4,678 | -7.4% |
| Distributable reserves | 133 | €63,600 | €58,922 | -€4,678 | -7.4% |
| Profit (loss) carried forward | 14 | €6 | - | -€6 | |
| Amounts payable | 17/49 | €564,842 | €629,894 | +€65,052 | +11.5% |
| Amounts payable after more than one year | 17 | €319,325 | €275,041 | -€44,284 | -13.9% |
| Financial debts | 170/4 | €182,825 | €138,541 | -€44,284 | -24.2% |
| Other amounts payable | 178/9 | €136,500 | €136,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €245,517 | €354,852 | +€109,335 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €42,899 | €63,547 | +€20,648 | +48.1% |
| Trade debts | 44 | €75,780 | €51,283 | -€24,497 | -32.3% |
| Suppliers | 440/4 | €75,780 | €51,283 | -€24,497 | -32.3% |
| Taxes, remuneration and social security | 45 | €30,647 | €46,247 | +€15,600 | +50.9% |
| Taxes | 450/3 | €29,447 | €38,316 | +€8,869 | +30.1% |
| Remuneration and social security | 454/9 | €1,200 | €7,931 | +€6,731 | +561% |
| Other amounts payable | 47/48 | €96,192 | €193,776 | +€97,584 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,330 | €2,111 | +€782 | +58.8% |
| Other operating charges | 640/8 | €502 | €870 | +€368 | +73.2% |
| Gross operating margin | 9900 | €29,089 | €9,964 | -€19,125 | -65.7% |
| Operating profit (loss) | 9901 | €27,257 | €6,983 | -€20,275 | -74.4% |
| Financial charges | 65/66B | €8,322 | €7,776 | -€546 | -6.6% |
| Recurring financial charges | 65 | €8,322 | €7,776 | -€546 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €18,935 | -€793 | -€19,728 | |
| Income taxes | 67/77 | €6,230 | €3,890 | -€2,340 | -37.6% |
| Profit (loss) for the period | 9904 | €12,705 | -€4,684 | -€17,389 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,705 | -€4,684 | -€17,389 |
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.