BLEROT: 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.
What changed
BLEROT
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €1.4m+€538,818
Equity
€5.2m
2024 · €5.2m
Cash
€9.7m
2024 · €6.4m+€3.3m
Balance sheet total
€69.8m
2024 · €69.2m+€615,621
Largest movements
Assets
- Cash +€3.3m
up €3.3m (+51.8%), from €6.4m to €9.7m
mainly Depreciation (+€2.5m) and Net result for the year (+€2.0m)
- Tangible fixed assets -€1.5m
down €1.5m (-3.6%), from €41.5m to €40.0m
- Deferred charges and accrued income -€1.1m
down €1.1m (-7.1%), from €15.6m to €14.5m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges -€635,433
down €635,433 (-23.9%), from €2.7m to €2.0m
- Turnover +€251,300
up €251,300 (+3.5%), from €7.2m to €7.5m
- Financial income -€189,482
down €189,482 (-41.7%), from €454,286 to €264,804
- Taxes +€183,797
up €183,797 (+29.8%), from €617,117 to €800,914
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.
Result 2024
€1.4m
Turnover
+€251,300
Other operating income
+€70,039
Services and other goods
+€33,032
Depreciation
-€7,525
Other operating charges
-€70,183
Financial income
-€189,482
Financial charges
+€635,433
Taxes
-€183,797
Result 2025
€2.0m
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.
From operations
+€6.4m
Investment
-€1.1m
Financing
-€2.0m
Cash 2024
€6.4m
From operations (derived)
+€6.4m
Net result for the year
+€2.0m
Depreciation
+€2.5m
Receivables within one year
+€229,062
Deferred charges and accrued income
+€1.1m
Trade debts
-€24,327
Tax, wage and social debts
+€51,973
Other debts
+€538,818
Accrued charges and deferred income
+€46,446
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€977,767
Current investments
-€135,895
Financing
-€2.0m
Debts after one year
+€2,711
Contributions, distributions and other
-€2.0m
Cash 2025
€9.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,201,849 | €69,817,470 | +€615,621 | +0.9% |
| Fixed assets | 21/28 | €41,515,252 | €40,033,833 | -€1.5m | -3.6% |
| Tangible fixed assets | 22/27 | €41,515,052 | €40,033,633 | -€1.5m | -3.6% |
| Land and buildings | 22 | €41,515,052 | €40,033,633 | -€1.5m | -3.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Other financial fixed assets | 284/8 | €200 | €200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €27,686,597 | €29,783,637 | +€2.1m | +7.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €352,209 | €123,147 | -€229,062 | -65.0% |
| Trade receivables | 40 | €128,086 | €57,745 | -€70,341 | -54.9% |
| Other amounts receivable | 41 | €224,123 | €65,402 | -€158,722 | -70.8% |
| Current investments | 50/53 | €5,393,304 | €5,529,199 | +€135,895 | +2.5% |
| Other investments | 51/53 | €5,393,304 | €5,529,199 | +€135,895 | +2.5% |
| Cash at bank and in hand | 54/58 | €6,372,212 | €9,671,781 | +€3.3m | +51.8% |
| Deferred charges and accrued income | 490/1 | €15,568,872 | €14,459,510 | -€1.1m | -7.1% |
| Total equity and liabilities | 10/49 | €69,201,849 | €69,817,470 | +€615,621 | +0.9% |
| Equity | 10/15 | €5,246,635 | €5,246,635 | = | 0.0% |
| Contributions | 10/11 | €5,224,000 | €5,224,000 | = | 0.0% |
| Reserves | 13 | €22,635 | €22,635 | = | 0.0% |
| Distributable reserves | 133 | €22,635 | €22,635 | = | 0.0% |
| Amounts payable | 17/49 | €63,955,214 | €64,570,835 | +€615,621 | +1.0% |
| Amounts payable after more than one year | 17 | €60,025,035 | €60,027,747 | +€2,711 | 0.0% |
| Financial debts | 170/4 | €60,000,000 | €60,000,000 | = | 0.0% |
| Credit institutions | 173 | €60,000,000 | €60,000,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,035 | €27,747 | +€2,711 | +10.8% |
| Amounts payable within one year | 42/48 | €1,743,476 | €2,309,940 | +€566,464 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €166,513 | €142,185 | -€24,327 | -14.6% |
| Suppliers | 440/4 | €166,513 | €142,185 | -€24,327 | -14.6% |
| Taxes, remuneration and social security | 45 | €128,522 | €180,495 | +€51,973 | +40.4% |
| Taxes | 450/3 | €128,522 | €180,495 | +€51,973 | +40.4% |
| Other amounts payable | 47/48 | €1,448,442 | €1,987,260 | +€538,818 | +37.2% |
| Accrued charges and deferred income | 492/3 | €2,186,702 | €2,233,148 | +€46,446 | +2.1% |
| Operating income | 70/76A | €9,506,684 | €9,828,023 | +€321,339 | +3.4% |
| Turnover | 70 | €7,249,157 | €7,500,458 | +€251,300 | +3.5% |
| Other operating income | 74 | €2,257,526 | €2,327,565 | +€70,039 | +3.1% |
| Operating charges | 60/66A | €5,235,974 | €5,280,650 | +€44,676 | +0.9% |
| Services and other goods | 61 | €578,361 | €545,329 | -€33,032 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,451,661 | €2,459,186 | +€7,525 | +0.3% |
| Other operating charges | 640/8 | €2,205,952 | €2,276,135 | +€70,183 | +3.2% |
| Operating profit (loss) | 9901 | €4,270,710 | €4,547,373 | +€276,664 | +6.5% |
| Financial income | 75/76B | €454,286 | €264,804 | -€189,482 | -41.7% |
| Recurring financial income | 75 | €454,286 | €264,804 | -€189,482 | -41.7% |
| Income from current assets | 751 | €453,155 | €264,449 | -€188,706 | -41.6% |
| Other financial income | 752/9 | €1,131 | €355 | -€776 | -68.6% |
| Financial charges | 65/66B | €2,659,437 | €2,024,004 | -€635,433 | -23.9% |
| Recurring financial charges | 65 | €2,659,437 | €2,024,004 | -€635,433 | -23.9% |
| Debt charges | 650 | €2,656,306 | €2,020,693 | -€635,613 | -23.9% |
| Other financial charges | 652/9 | €3,130 | €3,310 | +€180 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €2,065,559 | €2,788,174 | +€722,615 | +35.0% |
| Income taxes | 67/77 | €617,117 | €800,914 | +€183,797 | +29.8% |
| Taxes | 670/3 | €617,117 | €800,914 | +€183,797 | +29.8% |
| Profit (loss) for the period | 9904 | €1,448,442 | €1,987,260 | +€538,818 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,448,442 | €1,987,260 | +€538,818 | +37.2% |
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 7 October 2026 via checked.be.