BLEWO: 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.
BLEWO
Largest movements
- Tangible fixed assets -€31,733
down €31,733 (-5.0%), from €639,511 to €607,778
- Cash +€23,349
up €23,349 (+2216.7%), from €1,053 to €24,402
mainly Net result for the year (+€20,668) and Depreciation (+€17,982)
- Debts after one year -€26,421
down €26,421 (-4.0%), from €661,590 to €635,168
- Profit (loss) carried forward +€20,668
up €20,668 (+50.0%), from -€41,326 to -€20,658
- Gross operating margin +€29,102
up €29,102 (+78.5%), from €37,055 to €66,157
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 | €666,826 | €659,035 | -€7,791 | -1.2% |
| Fixed assets | 21/28 | €639,511 | €607,778 | -€31,733 | -5.0% |
| Tangible fixed assets | 22/27 | €639,511 | €607,778 | -€31,733 | -5.0% |
| Land and buildings | 22 | €639,511 | €607,778 | -€31,733 | -5.0% |
| Current assets | 29/58 | €27,315 | €51,257 | +€23,942 | +87.7% |
| Amounts receivable within one year | 40/41 | €24,889 | €25,418 | +€529 | +2.1% |
| Trade receivables | 40 | €24,587 | €25,400 | +€813 | +3.3% |
| Other amounts receivable | 41 | €302 | €18 | -€284 | -94.0% |
| Cash at bank and in hand | 54/58 | €1,053 | €24,402 | +€23,349 | +2216.7% |
| Deferred charges and accrued income | 490/1 | €1,372 | €1,437 | +€65 | +4.7% |
| Total equity and liabilities | 10/49 | €666,826 | €659,035 | -€7,791 | -1.2% |
| Equity | 10/15 | -€36,326 | -€15,658 | +€20,668 | +56.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,326 | -€20,658 | +€20,668 | +50.0% |
| Amounts payable | 17/49 | €703,152 | €674,693 | -€28,459 | -4.0% |
| Amounts payable after more than one year | 17 | €661,590 | €635,168 | -€26,421 | -4.0% |
| Financial debts | 170/4 | €661,590 | €635,168 | -€26,421 | -4.0% |
| Amounts payable within one year | 42/48 | €41,562 | €38,025 | -€3,538 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €25,897 | €26,421 | +€525 | +2.0% |
| Trade debts | 44 | €1,428 | €2,253 | +€825 | +57.7% |
| Suppliers | 440/4 | €1,428 | €2,253 | +€825 | +57.7% |
| Other amounts payable | 47/48 | €14,237 | €9,350 | -€4,887 | -34.3% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,447 | €17,982 | +€534 | +3.1% |
| Other operating charges | 640/8 | €1,157 | €1,194 | +€37 | +3.2% |
| Non-recurring operating charges | 66A | - | €13,751 | +€13,751 | |
| Gross operating margin | 9900 | €37,055 | €66,157 | +€29,102 | +78.5% |
| Operating profit (loss) | 9901 | €18,450 | €33,231 | +€14,780 | +80.1% |
| Financial charges | 65/66B | €12,764 | €12,563 | -€202 | -1.6% |
| Recurring financial charges | 65 | €12,764 | €12,563 | -€202 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €5,686 | €20,668 | +€14,982 | +263.5% |
| Profit (loss) for the period | 9904 | €5,686 | €20,668 | +€14,982 | +263.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,686 | €20,668 | +€14,982 | +263.5% |
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 3 October 2026 via checked.be.