BLG Consult: 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.
BLG Consult
Largest movements
- Receivables within one year +€52,753
up €52,753 (+59.5%), from €88,697 to €141,450
of which Other amounts receivable: +€59,401
- Cash -€23,538
down €23,538 (-74.1%), from €31,759 to €8,221
mainly Receivables within one year (-€52,753) and Tax, wage and social debts (-€5,494)
- Tangible fixed assets -€4,172
down €4,172 (-36.7%), from €11,367 to €7,195
of which Furniture and vehicles: -€3,070
- Deferred charges and accrued income +€2,356
up €2,356 (+26.3%), from €8,946 to €11,302
- Reserves +€42,727
up €42,727 (+44.5%), from €96,078 to €138,805
of which Distributable reserves: +€42,727
- Tax, wage and social debts -€5,494
down €5,494 (-81.2%), from €6,764 to €1,271
- Current portion of long-term debt -€4,410
down €4,410 (-82.9%), from €5,322 to €912
- Trade debts -€2,754
down €2,754 (-35.2%), from €7,826 to €5,072
- Short-term financial debts -€1,771
down €1,771 (-27.7%), from €6,385 to €4,614
- Financial charges -€1,588
down €1,588 (-22.2%), from €7,158 to €5,570
- Financial income +€1,425
up €1,425 (+47.8%), from €2,980 to €4,405
- Taxes +€660
up €660 (+5.0%), from €13,111 to €13,772
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 | €141,886 | €169,273 | +€27,387 | +19.3% |
| Fixed assets | 21/28 | €12,467 | €8,295 | -€4,172 | -33.5% |
| Tangible fixed assets | 22/27 | €11,367 | €7,195 | -€4,172 | -36.7% |
| Plant, machinery and equipment | 23 | €643 | €781 | +€137 | +21.4% |
| Furniture and vehicles | 24 | €8,425 | €5,355 | -€3,070 | -36.4% |
| Other tangible fixed assets | 26 | €2,298 | €1,059 | -€1,239 | -53.9% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €129,420 | €160,978 | +€31,559 | +24.4% |
| Amounts receivable within one year | 40/41 | €88,697 | €141,450 | +€52,753 | +59.5% |
| Trade receivables | 40 | €41,527 | €34,879 | -€6,648 | -16.0% |
| Other amounts receivable | 41 | €47,170 | €106,571 | +€59,401 | +126% |
| Current investments | 50/53 | €17 | €5 | -€12 | -70.7% |
| Cash at bank and in hand | 54/58 | €31,759 | €8,221 | -€23,538 | -74.1% |
| Deferred charges and accrued income | 490/1 | €8,946 | €11,302 | +€2,356 | +26.3% |
| Total equity and liabilities | 10/49 | €141,886 | €169,273 | +€27,387 | +19.3% |
| Equity | 10/15 | €114,678 | €157,405 | +€42,727 | +37.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,078 | €138,805 | +€42,727 | +44.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €96,078 | €138,805 | +€42,727 | +44.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €27,208 | €11,868 | -€15,341 | -56.4% |
| Amounts payable after more than one year | 17 | €912 | €0 | -€912 | -100% |
| Financial debts | 170/4 | €912 | €0 | -€912 | -100% |
| Amounts payable within one year | 42/48 | €26,296 | €11,868 | -€14,429 | -54.9% |
| Current portion of amounts payable after more than one year | 42 | €5,322 | €912 | -€4,410 | -82.9% |
| Financial debts | 43 | €6,385 | €4,614 | -€1,771 | -27.7% |
| Credit institutions | 430/8 | €6,385 | €4,614 | -€1,771 | -27.7% |
| Trade debts | 44 | €7,826 | €5,072 | -€2,754 | -35.2% |
| Suppliers | 440/4 | €7,826 | €5,072 | -€2,754 | -35.2% |
| Taxes, remuneration and social security | 45 | €6,764 | €1,271 | -€5,494 | -81.2% |
| Taxes | 450/3 | €6,764 | €1,271 | -€5,494 | -81.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,652 | €5,496 | -€156 | -2.8% |
| Other operating charges | 640/8 | €1,043 | €1,349 | +€306 | +29.3% |
| Non-recurring operating charges | 66A | €381 | €0 | -€381 | -100% |
| Gross operating margin | 9900 | €64,456 | €64,510 | +€54 | +0.1% |
| Operating profit (loss) | 9901 | €57,379 | €57,664 | +€285 | +0.5% |
| Financial income | 75/76B | €2,980 | €4,405 | +€1,425 | +47.8% |
| Recurring financial income | 75 | €2,980 | €4,405 | +€1,425 | +47.8% |
| Financial charges | 65/66B | €7,158 | €5,570 | -€1,588 | -22.2% |
| Recurring financial charges | 65 | €7,158 | €5,570 | -€1,588 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €53,202 | €56,499 | +€3,297 | +6.2% |
| Income taxes | 67/77 | €13,111 | €13,772 | +€660 | +5.0% |
| Profit (loss) for the period | 9904 | €40,091 | €42,727 | +€2,637 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,091 | €42,727 | +€2,637 | +6.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.