BLICO: 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.
BLICO
Largest movements
- Receivables within one year +€319,874
up €319,874 (+378.8%), from €84,455 to €404,329
of which Other amounts receivable: +€304,749
- Tangible fixed assets -€42,604
down €42,604 (-17.9%), from €238,346 to €195,742
of which Land and buildings: -€34,742
- Cash -€26,465
down €26,465 (-73.0%), from €36,278 to €9,813
mainly Receivables within one year (-€319,874) and Contributions, distributions and other (-€258,571)
- Reserves +€195,258
up €195,258 (+163.9%), from €119,107 to €314,365
of which Tax-exempt reserves: +€195,258
- Provisions +€65,086
new in 2025: €65,086
- Gross operating margin +€255,627
up €255,627 (+66.7%), from €383,375 to €639,002
- Financial income +€55,088
up €55,088 (+23008.2%), from €239 to €55,328
- Financial charges -€7,206
down €7,206 (-54.0%), from €13,342 to €6,136
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 | €1,886,807 | €2,139,658 | +€252,851 | +13.4% |
| Fixed assets | 21/28 | €1,762,880 | €1,720,276 | -€42,604 | -2.4% |
| Tangible fixed assets | 22/27 | €238,346 | €195,742 | -€42,604 | -17.9% |
| Land and buildings | 22 | €230,484 | €195,742 | -€34,742 | -15.1% |
| Furniture and vehicles | 24 | €7,862 | €0 | -€7,862 | -100.0% |
| Financial fixed assets | 28 | €1,524,534 | €1,524,534 | = | 0.0% |
| Current assets | 29/58 | €123,927 | €419,382 | +€295,455 | +238.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €84,455 | €404,329 | +€319,874 | +378.8% |
| Trade receivables | 40 | €83,239 | €98,364 | +€15,125 | +18.2% |
| Other amounts receivable | 41 | €1,216 | €305,965 | +€304,749 | +25066.1% |
| Cash at bank and in hand | 54/58 | €36,278 | €9,813 | -€26,465 | -73.0% |
| Deferred charges and accrued income | 490/1 | €3,194 | €5,240 | +€2,046 | +64.1% |
| Total equity and liabilities | 10/49 | €1,886,807 | €2,139,658 | +€252,851 | +13.4% |
| Equity | 10/15 | €1,785,991 | €1,976,043 | +€190,053 | +10.6% |
| Contributions | 10/11 | €99,200 | €99,200 | = | 0.0% |
| Capital | 10 | €99,200 | €99,200 | = | 0.0% |
| Issued capital | 100 | €99,200 | €99,200 | = | 0.0% |
| Reserves | 13 | €119,107 | €314,365 | +€195,258 | +163.9% |
| Non-distributable reserves | 130/1 | €9,920 | €9,920 | = | 0.0% |
| Legal reserve | 130 | €9,920 | €9,920 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,250 | €221,508 | +€195,258 | +743.8% |
| Distributable reserves | 133 | €82,937 | €82,937 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,567,684 | €1,562,478 | -€5,206 | -0.3% |
| Provisions and deferred taxes | 16 | - | €65,086 | +€65,086 | |
| Deferred taxes | 168 | - | €65,086 | +€65,086 | |
| Amounts payable | 17/49 | €100,816 | €98,528 | -€2,288 | -2.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €100,816 | €98,528 | -€2,288 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €7,548 | €0 | -€7,548 | -100.0% |
| Financial debts | 43 | €23,817 | €22,615 | -€1,202 | -5.0% |
| Credit institutions | 430/8 | €23,817 | €22,615 | -€1,202 | -5.0% |
| Trade debts | 44 | €40,783 | €39,482 | -€1,301 | -3.2% |
| Suppliers | 440/4 | €40,783 | €39,482 | -€1,301 | -3.2% |
| Taxes, remuneration and social security | 45 | €23,496 | €36,431 | +€12,935 | +55.1% |
| Taxes | 450/3 | €14,230 | €26,834 | +€12,605 | +88.6% |
| Remuneration and social security | 454/9 | €9,266 | €9,597 | +€331 | +3.6% |
| Other amounts payable | 47/48 | €5,172 | €0 | -€5,172 | -100.0% |
| Non-recurring operating income | 76A | - | €260,344 | +€260,344 | |
| Remuneration, social security and pensions | 62 | €83,451 | €85,835 | +€2,384 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,967 | €7,948 | -€1,019 | -11.4% |
| Other operating charges | 640/8 | €6,236 | €6,455 | +€219 | +3.5% |
| Gross operating margin | 9900 | €383,375 | €639,002 | +€255,627 | +66.7% |
| Operating profit (loss) | 9901 | €284,720 | €538,764 | +€254,044 | +89.2% |
| Financial income | 75/76B | €239 | €55,328 | +€55,088 | +23008.2% |
| Recurring financial income | 75 | €239 | €55,328 | +€55,088 | +23008.2% |
| Financial charges | 65/66B | €13,342 | €6,136 | -€7,206 | -54.0% |
| Recurring financial charges | 65 | €13,342 | €6,136 | -€7,206 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €271,618 | €587,956 | +€316,339 | +116.5% |
| Transfer to deferred taxes | 680 | - | €65,086 | +€65,086 | |
| Income taxes | 67/77 | €75,012 | €74,246 | -€766 | -1.0% |
| Profit (loss) for the period | 9904 | €196,606 | €448,624 | +€252,018 | +128.2% |
| Transfer from tax-exempt reserves | 789 | €83,197 | €0 | -€83,197 | -100.0% |
| Transfer to tax-exempt reserves | 689 | - | €195,258 | +€195,258 | |
| Profit (loss) for the period to be appropriated | 9905 | €279,803 | €253,366 | -€26,438 | -9.4% |
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 3 October 2026 via checked.be.