BLF - RENTING: 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.
BLF - RENTING
Largest movements
- Cash +€264,405
up €264,405 (+495%), from €53,407 to €317,813
mainly Other debts (+€210,000) and Current investments (+€170,000)
- Current investments -€170,000
no longer reported in 2025 (was €170,000)
- Tangible fixed assets -€19,014
down €19,014 (-6.4%), from €295,219 to €276,205
of which Plant, machinery and equipment: -€25,689
- Receivables within one year +€11,008
up €11,008 (+95.7%), from €11,503 to €22,512
of which Other amounts receivable: +€8,147
- Other debts +€210,000
new in 2025: €210,000
- Reserves -€200,000
down €200,000 (-49.2%), from €406,450 to €206,450
of which Distributable reserves: -€200,000
- Trade debts +€39,083
up €39,083 (+1,793%), from €2,180 to €41,263
- Profit (loss) carried forward +€37,217
up €37,217 (+72.4%), from €51,394 to €88,611
- Depreciation -€30,933
down €30,933 (-22.8%), from €135,551 to €104,618
- Gross operating margin +€3,895
up €3,895 (+2.6%), from €148,807 to €152,702
- Taxes -€1,896
down €1,896, from €881 to -€1,016
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 | €542,550 | €623,886 | +€81,336 | +15.0% |
| Fixed assets | 21/28 | €295,219 | €276,205 | -€19,014 | -6.4% |
| Tangible fixed assets | 22/27 | €295,219 | €276,205 | -€19,014 | -6.4% |
| Plant, machinery and equipment | 23 | €85,140 | €59,450 | -€25,689 | -30.2% |
| Furniture and vehicles | 24 | €210,079 | €216,755 | +€6,675 | +3.2% |
| Current assets | 29/58 | €247,331 | €347,681 | +€100,350 | +40.6% |
| Amounts receivable within one year | 40/41 | €11,503 | €22,512 | +€11,008 | +95.7% |
| Trade receivables | 40 | €11,051 | €13,913 | +€2,862 | +25.9% |
| Other amounts receivable | 41 | €453 | €8,599 | +€8,147 | +1,800% |
| Current investments | 50/53 | €170,000 | - | -€170,000 | |
| Cash at bank and in hand | 54/58 | €53,407 | €317,813 | +€264,405 | +495% |
| Deferred charges and accrued income | 490/1 | €12,420 | €7,356 | -€5,064 | -40.8% |
| Total equity and liabilities | 10/49 | €542,550 | €623,886 | +€81,336 | +15.0% |
| Equity | 10/15 | €522,344 | €359,561 | -€162,783 | -31.2% |
| Contributions | 10/11 | €64,500 | €64,500 | = | 0.0% |
| Capital | 10 | €64,500 | €64,500 | = | 0.0% |
| Issued capital | 100 | €64,500 | €64,500 | = | 0.0% |
| Reserves | 13 | €406,450 | €206,450 | -€200,000 | -49.2% |
| Non-distributable reserves | 130/1 | €6,450 | €6,450 | = | 0.0% |
| Legal reserve | 130 | €6,450 | €6,450 | = | 0.0% |
| Distributable reserves | 133 | €400,000 | €200,000 | -€200,000 | -50.0% |
| Profit (loss) carried forward | 14 | €51,394 | €88,611 | +€37,217 | +72.4% |
| Amounts payable | 17/49 | €20,207 | €264,325 | +€244,118 | +1,208% |
| Amounts payable within one year | 42/48 | €5,596 | €251,263 | +€245,667 | +4,390% |
| Trade debts | 44 | €2,180 | €41,263 | +€39,083 | +1,793% |
| Suppliers | 440/4 | €2,180 | €41,263 | +€39,083 | +1,793% |
| Taxes, remuneration and social security | 45 | €3,416 | - | -€3,416 | |
| Taxes | 450/3 | €3,416 | - | -€3,416 | |
| Other amounts payable | 47/48 | - | €210,000 | +€210,000 | |
| Accrued charges and deferred income | 492/3 | €14,611 | €13,062 | -€1,549 | -10.6% |
| Non-recurring operating income | 76A | €9,998 | €32,842 | +€22,845 | +228% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,551 | €104,618 | -€30,933 | -22.8% |
| Other operating charges | 640/8 | €6,124 | €5,363 | -€761 | -12.4% |
| Non-recurring operating charges | 66A | €12,659 | - | -€12,659 | |
| Gross operating margin | 9900 | €148,807 | €152,702 | +€3,895 | +2.6% |
| Operating profit (loss) | 9901 | -€5,527 | €42,721 | +€48,248 | |
| Financial income | 75/76B | €3,395 | €3,976 | +€581 | +17.1% |
| Recurring financial income | 75 | €3,395 | €3,976 | +€581 | +17.1% |
| Financial charges | 65/66B | €520 | €495 | -€25 | -4.8% |
| Recurring financial charges | 65 | €520 | €495 | -€25 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,652 | €46,201 | +€48,853 | |
| Income taxes | 67/77 | €881 | -€1,016 | -€1,896 | |
| Profit (loss) for the period | 9904 | -€3,533 | €47,217 | +€50,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,533 | €47,217 | +€50,750 |
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 15 October 2026 via checked.be.