BLEYWEERT: 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.
BLEYWEERT
Largest movements
- Tangible fixed assets -€128,228
down €128,228 (-18.6%), from €690,541 to €562,314
of which Plant, machinery and equipment: -€142,290
- Receivables within one year -€30,634
down €30,634 (-34.4%), from €89,014 to €58,380
of which Other amounts receivable: -€19,253
- Other debts -€61,696
down €61,696 (-61.5%), from €100,297 to €38,601
- Debts after one year -€51,835
down €51,835 (-22.8%), from €227,729 to €175,894
- Trade debts -€50,597
down €50,597 (-19.8%), from €255,351 to €204,754
- Gross operating margin +€55,699
up €55,699 (+46.9%), from €118,730 to €174,429
- Financial charges -€10,725
down €10,725 (-28.0%), from €38,242 to €27,516
- Depreciation +€4,714
up €4,714 (+3.4%), from €138,352 to €143,066
- Other operating charges +€1,965
up €1,965 (+1,205%), from €163 to €2,129
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 | €821,360 | €661,924 | -€159,436 | -19.4% |
| Fixed assets | 21/28 | €698,562 | €565,572 | -€132,990 | -19.0% |
| Intangible fixed assets | 21 | €6,590 | €1,828 | -€4,763 | -72.3% |
| Tangible fixed assets | 22/27 | €690,541 | €562,314 | -€128,228 | -18.6% |
| Land and buildings | 22 | €3,382 | €3,021 | -€361 | -10.7% |
| Plant, machinery and equipment | 23 | €686,492 | €544,202 | -€142,290 | -20.7% |
| Furniture and vehicles | 24 | €667 | €15,090 | +€14,423 | +2,162% |
| Financial fixed assets | 28 | €1,431 | €1,431 | = | 0.0% |
| Current assets | 29/58 | €122,798 | €96,352 | -€26,446 | -21.5% |
| Stocks and contracts in progress | 3 | €33,780 | €33,000 | -€780 | -2.3% |
| Stocks | 30/36 | €33,780 | €33,000 | -€780 | -2.3% |
| Amounts receivable within one year | 40/41 | €89,014 | €58,380 | -€30,634 | -34.4% |
| Trade receivables | 40 | €43,813 | €32,432 | -€11,381 | -26.0% |
| Other amounts receivable | 41 | €45,201 | €25,948 | -€19,253 | -42.6% |
| Cash at bank and in hand | 54/58 | €4 | €4 | -€0 | -4.4% |
| Deferred charges and accrued income | 490/1 | - | €4,968 | +€4,968 | |
| Total equity and liabilities | 10/49 | €821,360 | €661,924 | -€159,436 | -19.4% |
| Equity | 10/15 | €132,880 | €133,848 | +€968 | +0.7% |
| Contributions | 10/11 | €238,600 | €238,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,580 | -€106,612 | +€968 | +0.9% |
| Amounts payable | 17/49 | €688,480 | €528,076 | -€160,405 | -23.3% |
| Amounts payable after more than one year | 17 | €227,729 | €175,894 | -€51,835 | -22.8% |
| Financial debts | 170/4 | €227,729 | €175,894 | -€51,835 | -22.8% |
| Amounts payable within one year | 42/48 | €460,751 | €352,181 | -€108,570 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €48,533 | €51,835 | +€3,302 | +6.8% |
| Financial debts | 43 | €56,571 | €55,119 | -€1,452 | -2.6% |
| Credit institutions | 430/8 | €56,571 | €55,119 | -€1,452 | -2.6% |
| Trade debts | 44 | €255,351 | €204,754 | -€50,597 | -19.8% |
| Suppliers | 440/4 | €255,351 | €204,754 | -€50,597 | -19.8% |
| Taxes, remuneration and social security | 45 | - | €1,872 | +€1,872 | |
| Taxes | 450/3 | - | €1,872 | +€1,872 | |
| Other amounts payable | 47/48 | €100,297 | €38,601 | -€61,696 | -61.5% |
| Non-recurring operating income | 76A | - | €8,978 | +€8,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,352 | €143,066 | +€4,714 | +3.4% |
| Other operating charges | 640/8 | €163 | €2,129 | +€1,965 | +1,205% |
| Non-recurring operating charges | 66A | - | €225 | +€225 | |
| Gross operating margin | 9900 | €118,730 | €174,429 | +€55,699 | +46.9% |
| Operating profit (loss) | 9901 | -€19,785 | €29,009 | +€48,794 | |
| Financial income | 75/76B | €769 | €83 | -€686 | -89.2% |
| Recurring financial income | 75 | €769 | €83 | -€686 | -89.2% |
| Financial charges | 65/66B | €38,242 | €27,516 | -€10,725 | -28.0% |
| Recurring financial charges | 65 | €38,242 | €27,516 | -€10,725 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | -€57,258 | €1,576 | +€58,833 | |
| Income taxes | 67/77 | - | €607 | +€607 | |
| Profit (loss) for the period | 9904 | -€57,258 | €968 | +€58,226 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,258 | €968 | +€58,226 |
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 13 October 2026 via checked.be.