BLIECK: 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.
BLIECK
Largest movements
- Cash +€227,754
up €227,754 (+75.3%), from €302,562 to €530,316
mainly Net result for the year (+€156,353) and Depreciation (+€76,420)
- Tangible fixed assets -€119,957
down €119,957 (-11.9%), from €1.0m to €887,489
of which Assets under construction and advance payments: -€134,052
- Stocks and contracts -€70,292
down €70,292 (-22.1%), from €318,143 to €247,850
- Reserves +€156,353
up €156,353 (+24.2%), from €646,331 to €802,683
- Trade debts -€93,633
down €93,633 (-54.5%), from €171,709 to €78,077
- Tax, wage and social debts -€20,025
down €20,025 (-38.7%), from €51,707 to €31,682
- Gross operating margin -€17,762
down €17,762 (-6.1%), from €292,323 to €274,562
- Financial income +€13,146
up €13,146 (+121%), from €10,880 to €24,026
- Depreciation +€8,387
up €8,387 (+12.3%), from €68,033 to €76,420
- Taxes -€5,212
down €5,212 (-8.3%), from €62,864 to €57,652
- Other operating charges -€5,066
down €5,066 (-70.8%), from €7,151 to €2,085
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 | €1,827,066 | €1,869,226 | +€42,159 | +2.3% |
| Fixed assets | 21/28 | €1,036,238 | €910,956 | -€125,283 | -12.1% |
| Intangible fixed assets | 21 | €28,792 | €23,466 | -€5,326 | -18.5% |
| Tangible fixed assets | 22/27 | €1,007,446 | €887,489 | -€119,957 | -11.9% |
| Land and buildings | 22 | €821,362 | €766,741 | -€54,621 | -6.7% |
| Plant, machinery and equipment | 23 | €52,033 | €120,748 | +€68,715 | +132% |
| Assets under construction and advance payments | 27 | €134,052 | €0 | -€134,052 | -100% |
| Current assets | 29/58 | €790,828 | €958,270 | +€167,442 | +21.2% |
| Stocks and contracts in progress | 3 | €318,143 | €247,850 | -€70,292 | -22.1% |
| Stocks | 30/36 | €318,143 | €247,850 | -€70,292 | -22.1% |
| Amounts receivable within one year | 40/41 | €29,453 | €40,231 | +€10,778 | +36.6% |
| Trade receivables | 40 | €26,069 | €40,105 | +€14,036 | +53.8% |
| Other amounts receivable | 41 | €3,385 | €126 | -€3,259 | -96.3% |
| Current investments | 50/53 | €135,000 | €135,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €302,562 | €530,316 | +€227,754 | +75.3% |
| Deferred charges and accrued income | 490/1 | €5,670 | €4,873 | -€798 | -14.1% |
| Total equity and liabilities | 10/49 | €1,827,066 | €1,869,226 | +€42,159 | +2.3% |
| Equity | 10/15 | €833,873 | €992,143 | +€158,270 | +19.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €646,331 | €802,683 | +€156,353 | +24.2% |
| Distributable reserves | 133 | €646,331 | €802,683 | +€156,353 | +24.2% |
| Investment grants | 15 | €167,542 | €169,459 | +€1,917 | +1.1% |
| Provisions and deferred taxes | 16 | €8,818 | €8,919 | +€101 | +1.1% |
| Deferred taxes | 168 | €8,818 | €8,919 | +€101 | +1.1% |
| Amounts payable | 17/49 | €984,376 | €868,164 | -€116,212 | -11.8% |
| Amounts payable after more than one year | 17 | €680,000 | €673,733 | -€6,267 | -0.9% |
| Financial debts | 170/4 | €680,000 | €673,733 | -€6,267 | -0.9% |
| Amounts payable within one year | 42/48 | €304,214 | €194,074 | -€110,141 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €56,667 | €71,067 | +€14,400 | +25.4% |
| Trade debts | 44 | €171,709 | €78,077 | -€93,633 | -54.5% |
| Suppliers | 440/4 | €171,709 | €78,077 | -€93,633 | -54.5% |
| Taxes, remuneration and social security | 45 | €51,707 | €31,682 | -€20,025 | -38.7% |
| Taxes | 450/3 | €51,707 | €31,682 | -€20,025 | -38.7% |
| Other amounts payable | 47/48 | €24,131 | €13,248 | -€10,883 | -45.1% |
| Accrued charges and deferred income | 492/3 | €162 | €357 | +€196 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,033 | €76,420 | +€8,387 | +12.3% |
| Other operating charges | 640/8 | €7,151 | €2,085 | -€5,066 | -70.8% |
| Gross operating margin | 9900 | €292,323 | €274,562 | -€17,762 | -6.1% |
| Operating profit (loss) | 9901 | €217,139 | €196,056 | -€21,083 | -9.7% |
| Financial income | 75/76B | €10,880 | €24,026 | +€13,146 | +121% |
| Recurring financial income | 75 | €10,880 | €24,026 | +€13,146 | +121% |
| Financial charges | 65/66B | €7,602 | €6,874 | -€728 | -9.6% |
| Recurring financial charges | 65 | €7,602 | €6,874 | -€728 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €220,417 | €213,208 | -€7,208 | -3.3% |
| Transfer from deferred taxes | 780 | €512 | €796 | +€284 | +55.5% |
| Income taxes | 67/77 | €62,864 | €57,652 | -€5,212 | -8.3% |
| Profit (loss) for the period | 9904 | €158,064 | €156,353 | -€1,712 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €158,064 | €156,353 | -€1,712 | -1.1% |
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 13 October 2026 via checked.be.