BLERIOT WAREHOUSE: 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.
BLERIOT WAREHOUSE
Largest movements
- Cash +€62,064
up €62,064 (+98.6%), from €62,954 to €125,017
mainly Depreciation (+€153,232) and Other debts (+€68,040)
- Debts after one year -€88,027
down €88,027 (-2.4%), from €3.6m to €3.5m
of which Financial debts: -€134,297
- Other debts +€68,040
up €68,040 (+24.5%), from €277,282 to €345,322
- Gross operating margin +€225,722
up €225,722 (+290%), from €77,811 to €303,533
- Depreciation +€78,053
up €78,053 (+104%), from €75,179 to €153,232
- Financial charges -€29,777
down €29,777 (-18.0%), from €165,582 to €135,805
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 | €4,191,011 | €4,228,456 | +€37,445 | +0.9% |
| Fixed assets | 21/28 | €4,112,463 | €4,102,938 | -€9,524 | -0.2% |
| Tangible fixed assets | 22/27 | €4,112,463 | €4,102,938 | -€9,524 | -0.2% |
| Land and buildings | 22 | €4,112,463 | €4,102,938 | -€9,524 | -0.2% |
| Current assets | 29/58 | €78,548 | €125,517 | +€46,969 | +59.8% |
| Amounts receivable within one year | 40/41 | €15,594 | €500 | -€15,094 | -96.8% |
| Other amounts receivable | 41 | €15,594 | €500 | -€15,094 | -96.8% |
| Cash at bank and in hand | 54/58 | €62,954 | €125,017 | +€62,064 | +98.6% |
| Total equity and liabilities | 10/49 | €4,191,011 | €4,228,456 | +€37,445 | +0.9% |
| Equity | 10/15 | €157,479 | €170,109 | +€12,630 | +8.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €12,630 | +€12,630 | |
| Distributable reserves | 133 | - | €12,630 | +€12,630 | |
| Profit (loss) carried forward | 14 | €57,479 | €57,479 | = | 0.0% |
| Amounts payable | 17/49 | €4,033,532 | €4,058,347 | +€24,815 | +0.6% |
| Amounts payable after more than one year | 17 | €3,626,785 | €3,538,759 | -€88,027 | -2.4% |
| Financial debts | 170/4 | €3,620,535 | €3,486,239 | -€134,297 | -3.7% |
| Other amounts payable | 178/9 | €6,250 | €52,520 | +€46,270 | +740% |
| Amounts payable within one year | 42/48 | €406,746 | €519,588 | +€112,842 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €129,465 | €134,297 | +€4,832 | +3.7% |
| Trade debts | 44 | - | €15 | +€15 | |
| Suppliers | 440/4 | - | €15 | +€15 | |
| Advances received on contracts in progress | 46 | - | €12,104 | +€12,104 | |
| Taxes, remuneration and social security | 45 | - | €27,850 | +€27,850 | |
| Taxes | 450/3 | - | €27,850 | +€27,850 | |
| Other amounts payable | 47/48 | €277,282 | €345,322 | +€68,040 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,179 | €153,232 | +€78,053 | +104% |
| Other operating charges | 640/8 | €585 | €621 | +€36 | +6.2% |
| Gross operating margin | 9900 | €77,811 | €303,533 | +€225,722 | +290% |
| Operating profit (loss) | 9901 | €2,046 | €149,679 | +€147,633 | +7,214% |
| Financial income | 75/76B | €0 | €19 | +€19 | +4,680% |
| Recurring financial income | 75 | €0 | €19 | +€19 | +4,680% |
| Financial charges | 65/66B | €165,582 | €135,805 | -€29,777 | -18.0% |
| Recurring financial charges | 65 | €165,582 | €135,805 | -€29,777 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€163,535 | €13,893 | +€177,428 | |
| Income taxes | 67/77 | - | €1,263 | +€1,263 | |
| Profit (loss) for the period | 9904 | -€163,535 | €12,630 | +€176,165 | |
| Profit (loss) for the period to be appropriated | 9905 | -€163,535 | €12,630 | +€176,165 |
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 18 October 2026 via checked.be.