BLJ: 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.
BLJ
Largest movements
- Tangible fixed assets -€396,713
down €396,713 (-5.5%), from €7.3m to €6.9m
of which Land and buildings: -€227,843
- Debts after one year -€469,893
down €469,893 (-8.5%), from €5.5m to €5.0m
- Other debts +€458,729
up €458,729 (+15.3%), from €3.0m to €3.5m
- Profit (loss) carried forward -€384,347
down €384,347 (-21.2%), from -€1.8m to -€2.2m
- Gross operating margin -€48,624
down €48,624 (-16.4%), from €296,237 to €247,613
- Financial charges -€27,037
down €27,037 (-13.6%), from €198,849 to €171,812
- Depreciation -€14,590
down €14,590 (-3.5%), from €411,303 to €396,713
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 | €7,272,672 | €6,902,706 | -€369,966 | -5.1% |
| Fixed assets | 21/28 | €7,254,363 | €6,857,650 | -€396,713 | -5.5% |
| Tangible fixed assets | 22/27 | €7,254,363 | €6,857,650 | -€396,713 | -5.5% |
| Land and buildings | 22 | €4,285,068 | €4,057,225 | -€227,843 | -5.3% |
| Leasing and similar rights | 25 | €2,969,295 | €2,800,425 | -€168,870 | -5.7% |
| Current assets | 29/58 | €18,309 | €45,056 | +€26,747 | +146% |
| Cash at bank and in hand | 54/58 | €9,772 | €27,510 | +€17,738 | +182% |
| Deferred charges and accrued income | 490/1 | €8,537 | €17,545 | +€9,009 | +106% |
| Total equity and liabilities | 10/49 | €7,272,672 | €6,902,706 | -€369,966 | -5.1% |
| Equity | 10/15 | -€1,709,433 | -€2,093,780 | -€384,347 | -22.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €220 | €220 | = | 0.0% |
| Distributable reserves | 133 | €220 | €220 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,809,653 | -€2,194,000 | -€384,347 | -21.2% |
| Amounts payable | 17/49 | €8,982,105 | €8,996,486 | +€14,381 | +0.2% |
| Amounts payable after more than one year | 17 | €5,518,364 | €5,048,470 | -€469,893 | -8.5% |
| Financial debts | 170/4 | €5,518,364 | €5,048,470 | -€469,893 | -8.5% |
| Amounts payable within one year | 42/48 | €3,461,442 | €3,944,229 | +€482,787 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €461,691 | €469,893 | +€8,202 | +1.8% |
| Trade debts | 44 | €2,818 | €18,601 | +€15,783 | +560% |
| Suppliers | 440/4 | €2,818 | €18,601 | +€15,783 | +560% |
| Taxes, remuneration and social security | 45 | €692 | €764 | +€72 | +10.4% |
| Taxes | 450/3 | €692 | €764 | +€72 | +10.4% |
| Other amounts payable | 47/48 | €2,996,241 | €3,454,970 | +€458,729 | +15.3% |
| Accrued charges and deferred income | 492/3 | €2,299 | €3,787 | +€1,488 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411,303 | €396,713 | -€14,590 | -3.5% |
| Other operating charges | 640/8 | €60,821 | €63,436 | +€2,615 | +4.3% |
| Gross operating margin | 9900 | €296,237 | €247,613 | -€48,624 | -16.4% |
| Operating profit (loss) | 9901 | -€175,887 | -€212,535 | -€36,649 | -20.8% |
| Financial charges | 65/66B | €198,849 | €171,812 | -€27,037 | -13.6% |
| Recurring financial charges | 65 | €198,849 | €171,812 | -€27,037 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€374,736 | -€384,347 | -€9,611 | -2.6% |
| Profit (loss) for the period | 9904 | -€374,736 | -€384,347 | -€9,611 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€374,736 | -€384,347 | -€9,611 | -2.6% |
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 17 October 2026 via checked.be.