BLISPAR: 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.
BLISPAR
Largest movements
- Receivables within one year +€122,355
up €122,355 (+29.8%), from €409,912 to €532,267
of which Trade receivables: +€109,816
- Other debts +€191,040
up €191,040 (+39.8%), from €479,889 to €670,929
- Tax, wage and social debts -€43,398
no longer reported in 2025 (was €43,398)
- Reserves -€26,127
down €26,127 (-15.2%), from €171,990 to €145,864
- Gross operating margin +€24,935
up €24,935 (+47.1%), from -€52,978 to -€28,043
- Other operating charges -€8,275
down €8,275 (-93.2%), from €8,883 to €607
- Depreciation -€2,407
down €2,407 (-16.2%), from €14,829 to €12,422
- Financial income +€744
up €744 (+4.8%), from €15,494 to €16,239
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 | €927,942 | €1,047,250 | +€119,308 | +12.9% |
| Fixed assets | 21/28 | €498,760 | €502,990 | +€4,231 | +0.8% |
| Tangible fixed assets | 22/27 | €478,860 | €483,090 | +€4,231 | +0.9% |
| Land and buildings | 22 | €470,732 | €477,085 | +€6,352 | +1.3% |
| Plant, machinery and equipment | 23 | €1,436 | €601 | -€834 | -58.1% |
| Furniture and vehicles | 24 | €6,692 | €5,405 | -€1,287 | -19.2% |
| Financial fixed assets | 28 | €19,900 | €19,900 | = | 0.0% |
| Current assets | 29/58 | €429,182 | €544,260 | +€115,078 | +26.8% |
| Amounts receivable within one year | 40/41 | €409,912 | €532,267 | +€122,355 | +29.8% |
| Trade receivables | 40 | €1,184 | €111,000 | +€109,816 | +9,272% |
| Other amounts receivable | 41 | €408,727 | €421,267 | +€12,540 | +3.1% |
| Cash at bank and in hand | 54/58 | €18,990 | €11,601 | -€7,389 | -38.9% |
| Deferred charges and accrued income | 490/1 | €280 | €392 | +€112 | +39.8% |
| Total equity and liabilities | 10/49 | €927,942 | €1,047,250 | +€119,308 | +12.9% |
| Equity | 10/15 | €401,990 | €375,864 | -€26,127 | -6.5% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €171,990 | €145,864 | -€26,127 | -15.2% |
| Distributable reserves | 133 | €171,990 | €145,864 | -€26,127 | -15.2% |
| Amounts payable | 17/49 | €525,951 | €671,386 | +€145,435 | +27.7% |
| Amounts payable within one year | 42/48 | €525,151 | €671,386 | +€146,235 | +27.8% |
| Trade debts | 44 | €1,863 | €457 | -€1,406 | -75.5% |
| Suppliers | 440/4 | €1,863 | €457 | -€1,406 | -75.5% |
| Taxes, remuneration and social security | 45 | €43,398 | - | -€43,398 | |
| Taxes | 450/3 | €43,398 | - | -€43,398 | |
| Other amounts payable | 47/48 | €479,889 | €670,929 | +€191,040 | +39.8% |
| Accrued charges and deferred income | 492/3 | €800 | - | -€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,829 | €12,422 | -€2,407 | -16.2% |
| Other operating charges | 640/8 | €8,883 | €607 | -€8,275 | -93.2% |
| Gross operating margin | 9900 | -€52,978 | -€28,043 | +€24,935 | +47.1% |
| Operating profit (loss) | 9901 | -€76,690 | -€41,073 | +€35,617 | +46.4% |
| Financial income | 75/76B | €15,494 | €16,239 | +€744 | +4.8% |
| Recurring financial income | 75 | €15,494 | €16,239 | +€744 | +4.8% |
| Financial charges | 65/66B | €1,054 | €1,292 | +€239 | +22.7% |
| Recurring financial charges | 65 | €1,054 | €1,292 | +€239 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | -€62,250 | -€26,127 | +€36,123 | +58.0% |
| Profit (loss) for the period | 9904 | -€62,250 | -€26,127 | +€36,123 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,250 | -€26,127 | +€36,123 | +58.0% |
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.