BLGG: 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.
BLGG
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash +€275,693
up €275,693 (+68.3%), from €403,686 to €679,379
mainly Net result for the year (+€527,822) and Tax, wage and social debts (+€182,277)
- Receivables within one year -€47,939
down €47,939 (-77.0%), from €62,220 to €14,281
of which Trade receivables: -€47,991
- Tangible fixed assets -€21,352
down €21,352 (-16.9%), from €126,228 to €104,877
of which Furniture and vehicles: -€21,840
- Reserves +€1.0m
new in 2025: €1.0m
- Profit (loss) carried forward -€490,704
no longer reported in 2025 (was €490,704)
- Tax, wage and social debts +€182,277
up €182,277 (+208.0%), from €87,648 to €269,925
of which Taxes: +€175,677
- Gross operating margin +€348,746
up €348,746 (+91.4%), from €381,577 to €730,323
- Taxes +€86,923
up €86,923 (+102.7%), from €84,652 to €171,575
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 | €592,174 | €1,298,537 | +€706,364 | +119.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €126,228 | €104,877 | -€21,352 | -16.9% |
| Tangible fixed assets | 22/27 | €126,228 | €104,877 | -€21,352 | -16.9% |
| Furniture and vehicles | 24 | €126,228 | €104,388 | -€21,840 | -17.3% |
| Assets under construction and advance payments | 27 | - | €489 | +€489 | |
| Current assets | 29/58 | €465,945 | €1,193,660 | +€727,715 | +156.2% |
| Amounts receivable within one year | 40/41 | €62,220 | €14,281 | -€47,939 | -77.0% |
| Trade receivables | 40 | €61,875 | €13,884 | -€47,991 | -77.6% |
| Other amounts receivable | 41 | €345 | €397 | +€52 | +15.1% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €403,686 | €679,379 | +€275,693 | +68.3% |
| Deferred charges and accrued income | 490/1 | €39 | - | -€39 | |
| Total equity and liabilities | 10/49 | €592,174 | €1,298,537 | +€706,364 | +119.3% |
| Equity | 10/15 | €495,204 | €1,023,025 | +€527,822 | +106.6% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | - | €1,018,525 | +€1.0m | |
| Distributable reserves | 133 | - | €1,018,525 | +€1.0m | |
| Profit (loss) carried forward | 14 | €490,704 | - | -€490,704 | |
| Amounts payable | 17/49 | €96,970 | €275,512 | +€178,542 | +184.1% |
| Amounts payable within one year | 42/48 | €96,970 | €274,927 | +€177,957 | +183.5% |
| Trade debts | 44 | €2,779 | €554 | -€2,225 | -80.1% |
| Suppliers | 440/4 | €2,779 | €554 | -€2,225 | -80.1% |
| Taxes, remuneration and social security | 45 | €87,648 | €269,925 | +€182,277 | +208.0% |
| Taxes | 450/3 | €87,648 | €263,325 | +€175,677 | +200.4% |
| Remuneration and social security | 454/9 | - | €6,600 | +€6,600 | |
| Other amounts payable | 47/48 | €6,543 | €4,448 | -€2,095 | -32.0% |
| Accrued charges and deferred income | 492/3 | - | €585 | +€585 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,006 | €32,352 | +€3,345 | +11.5% |
| Other operating charges | 640/8 | €441 | €362 | -€78 | -17.8% |
| Gross operating margin | 9900 | €381,577 | €730,323 | +€348,746 | +91.4% |
| Operating profit (loss) | 9901 | €352,130 | €697,609 | +€345,479 | +98.1% |
| Financial income | 75/76B | €104 | €1,883 | +€1,779 | +1708.3% |
| Recurring financial income | 75 | €104 | €1,883 | +€1,779 | +1708.3% |
| Financial charges | 65/66B | €61 | €94 | +€33 | +54.9% |
| Recurring financial charges | 65 | €61 | €94 | +€33 | +54.9% |
| Profit (loss) for the period before taxes | 9903 | €352,173 | €699,397 | +€347,224 | +98.6% |
| Income taxes | 67/77 | €84,652 | €171,575 | +€86,923 | +102.7% |
| Profit (loss) for the period | 9904 | €267,521 | €527,822 | +€260,301 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €267,521 | €527,822 | +€260,301 | +97.3% |
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 2 October 2026 via checked.be.