BLI: 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.
What changed
BLI
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€137,151
2024 · -€149,986+€12,835
Equity
€6.8m
2024 · €7.0m-€187,151
Cash
€14,282
2024 · €62,330-€48,048
Balance sheet total
€8.9m
2024 · €9.3m-€392,390
Largest movements
Assets
- Tangible fixed assets -€777,554
down €777,554 (-10.1%), from €7.7m to €6.9m
of which Land and buildings: -€779,754
- Stocks and contracts +€426,764
new in 2025: €426,764
Equity and liabilities
- Reserves -€187,151
down €187,151 (-3.2%), from €5.8m to €5.6m
of which Tax-exempt reserves: -€217,487
- Debts after one year -€161,029
down €161,029 (-10.7%), from €1.5m to €1.3m
of which Financial debts: -€160,765
Income statement
- Gross operating margin -€43,635
down €43,635 (-13.3%), from €327,379 to €283,744
- Financial income +€43,253
up €43,253 (+507.1%), from €8,530 to €51,783
- Depreciation -€10,005
down €10,005 (-2.4%), from €416,177 to €406,172
- Financial charges -€9,518
down €9,518 (-11.1%), from €85,829 to €76,311
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.
Result 2024
-€149,986
Gross operating margin
-€43,635
Staff costs
-€612
Depreciation
+€10,005
Other operating charges
-€3,238
Financial income
+€43,253
Financial charges
+€9,518
Taxes
-€2,456
Result 2025
-€137,151
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.
From operations
-€219,817
Investment
+€370,782
Financing
-€199,013
Cash 2024
€62,330
From operations (derived)
-€219,817
Net result for the year
-€137,151
Depreciation
+€406,172
Stocks and contracts
-€426,764
Receivables within one year
-€6,692
Smaller working-capital items
+€1,825
Provisions
-€72,496
Trade debts
-€15,242
Tax, wage and social debts
+€4,808
Advances received
+€60,952
Other debts
-€35,228
Investment (derived)
+€370,782
Investment in fixed assets (net)
+€370,782
Financing
-€199,013
Debts after one year
-€161,029
Current portion of long-term debt
+€12,016
Contributions, distributions and other
-€50,000
Cash 2025
€14,282
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,263,137 | €8,870,747 | -€392,390 | -4.2% |
| Fixed assets | 21/28 | €9,150,837 | €8,373,882 | -€776,954 | -8.5% |
| Tangible fixed assets | 22/27 | €7,664,695 | €6,887,141 | -€777,554 | -10.1% |
| Land and buildings | 22 | €7,664,695 | €6,884,942 | -€779,754 | -10.2% |
| Plant, machinery and equipment | 23 | - | €2,199 | +€2,199 | |
| Financial fixed assets | 28 | €1,486,141 | €1,486,741 | +€600 | 0.0% |
| Current assets | 29/58 | €112,301 | €496,865 | +€384,564 | +342.4% |
| Stocks and contracts in progress | 3 | - | €426,764 | +€426,764 | |
| Contracts in progress | 37 | - | €426,764 | +€426,764 | |
| Amounts receivable within one year | 40/41 | €43,185 | €49,878 | +€6,692 | +15.5% |
| Trade receivables | 40 | €2,783 | €1,186 | -€1,597 | -57.4% |
| Other amounts receivable | 41 | €40,402 | €48,691 | +€8,289 | +20.5% |
| Cash at bank and in hand | 54/58 | €62,330 | €14,282 | -€48,048 | -77.1% |
| Deferred charges and accrued income | 490/1 | €6,786 | €5,941 | -€845 | -12.4% |
| Total equity and liabilities | 10/49 | €9,263,137 | €8,870,747 | -€392,390 | -4.2% |
| Equity | 10/15 | €7,035,949 | €6,848,798 | -€187,151 | -2.7% |
| Contributions | 10/11 | €1,240,000 | €1,240,000 | = | 0.0% |
| Reserves | 13 | €5,795,949 | €5,608,798 | -€187,151 | -3.2% |
| Tax-exempt reserves | 132 | €4,289,665 | €4,072,179 | -€217,487 | -5.1% |
| Distributable reserves | 133 | €1,506,284 | €1,536,619 | +€30,335 | +2.0% |
| Provisions and deferred taxes | 16 | €400,538 | €328,042 | -€72,496 | -18.1% |
| Deferred taxes | 168 | €400,538 | €328,042 | -€72,496 | -18.1% |
| Amounts payable | 17/49 | €1,826,650 | €1,693,907 | -€132,743 | -7.3% |
| Amounts payable after more than one year | 17 | €1,509,991 | €1,348,962 | -€161,029 | -10.7% |
| Financial debts | 170/4 | €1,503,264 | €1,342,499 | -€160,765 | -10.7% |
| Other amounts payable | 178/9 | €6,727 | €6,464 | -€264 | -3.9% |
| Amounts payable within one year | 42/48 | €302,802 | €330,107 | +€27,305 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €145,833 | €157,849 | +€12,016 | +8.2% |
| Trade debts | 44 | €29,184 | €13,942 | -€15,242 | -52.2% |
| Suppliers | 440/4 | €29,184 | €13,942 | -€15,242 | -52.2% |
| Advances received on contracts in progress | 46 | - | €60,952 | +€60,952 | |
| Taxes, remuneration and social security | 45 | €14,258 | €19,066 | +€4,808 | +33.7% |
| Taxes | 450/3 | €11,978 | €16,693 | +€4,716 | +39.4% |
| Remuneration and social security | 454/9 | €2,281 | €2,373 | +€92 | +4.0% |
| Other amounts payable | 47/48 | €113,527 | €78,298 | -€35,228 | -31.0% |
| Accrued charges and deferred income | 492/3 | €13,857 | €14,838 | +€981 | +7.1% |
| Remuneration, social security and pensions | 62 | €10,970 | €11,582 | +€612 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416,177 | €406,172 | -€10,005 | -2.4% |
| Other operating charges | 640/8 | €38,418 | €41,656 | +€3,238 | +8.4% |
| Gross operating margin | 9900 | €327,379 | €283,744 | -€43,635 | -13.3% |
| Operating profit (loss) | 9901 | -€138,186 | -€175,667 | -€37,481 | -27.1% |
| Financial income | 75/76B | €8,530 | €51,783 | +€43,253 | +507.1% |
| Recurring financial income | 75 | €8,530 | €51,783 | +€43,253 | +507.1% |
| Financial charges | 65/66B | €85,829 | €76,311 | -€9,518 | -11.1% |
| Recurring financial charges | 65 | €85,829 | €76,311 | -€9,518 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€215,485 | -€200,195 | +€15,290 | +7.1% |
| Transfer from deferred taxes | 780 | €72,496 | €72,496 | = | 0.0% |
| Income taxes | 67/77 | €6,996 | €9,452 | +€2,456 | +35.1% |
| Profit (loss) for the period | 9904 | -€149,986 | -€137,151 | +€12,835 | +8.6% |
| Transfer from tax-exempt reserves | 789 | €217,487 | €217,487 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,501 | €80,335 | +€12,835 | +19.0% |
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.