BLJ MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€20,889
up €20,889 (+51.0%), from €40,921 to €61,810
mainly Net result for the year (+€30,688) and Other debts (+€19,005)
- Receivables within one year +€15,804
up €15,804 (+104.8%), from €15,074 to €30,878
of which Trade receivables: +€15,796
- Financial fixed assets +€9,999
new in 2025: €9,999
- Tangible fixed assets -€3,728
down €3,728 (-8.3%), from €44,819 to €41,091
of which Furniture and vehicles: -€2,503
- Deferred charges and accrued income +€1,669
up €1,669 (+165.4%), from €1,009 to €2,678
- Other debts +€19,005
up €19,005 (+3204.5%), from €593 to €19,598
- Advances received +€15,000
new in 2025: €15,000
- Reserves +€11,688
up €11,688 (+33.6%), from €34,785 to €46,473
- Trade debts +€8,921
up €8,921 (+1025.4%), from €870 to €9,791
- Tax, wage and social debts -€5,008
down €5,008 (-25.2%), from €19,894 to €14,885
of which Taxes: -€2,508
- Gross operating margin +€13,951
up €13,951 (+37.2%), from €37,526 to €51,477
- Taxes +€3,829
up €3,829 (+79.3%), from €4,827 to €8,655
- Depreciation +€1,957
up €1,957 (+62.9%), from €3,109 to €5,065
- Financial charges +€1,309
up €1,309 (+55.0%), from €2,380 to €3,689
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 | €101,824 | €146,457 | +€44,633 | +43.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €44,819 | €51,091 | +€6,271 | +14.0% |
| Tangible fixed assets | 22/27 | €44,819 | €41,091 | -€3,728 | -8.3% |
| Land and buildings | 22 | €39,838 | €38,038 | -€1,800 | -4.5% |
| Plant, machinery and equipment | 23 | €129 | €677 | +€548 | +423.8% |
| Furniture and vehicles | 24 | €3,441 | €938 | -€2,503 | -72.7% |
| Other tangible fixed assets | 26 | €1,411 | €1,438 | +€27 | +1.9% |
| Financial fixed assets | 28 | - | €9,999 | +€9,999 | |
| Current assets | 29/58 | €57,005 | €95,366 | +€38,362 | +67.3% |
| Amounts receivable within one year | 40/41 | €15,074 | €30,878 | +€15,804 | +104.8% |
| Trade receivables | 40 | €15,050 | €30,846 | +€15,796 | +105.0% |
| Other amounts receivable | 41 | €25 | €32 | +€8 | +31.5% |
| Cash at bank and in hand | 54/58 | €40,921 | €61,810 | +€20,889 | +51.0% |
| Deferred charges and accrued income | 490/1 | €1,009 | €2,678 | +€1,669 | +165.4% |
| Total equity and liabilities | 10/49 | €101,824 | €146,457 | +€44,633 | +43.8% |
| Equity | 10/15 | €38,785 | €50,473 | +€11,688 | +30.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €34,785 | €46,473 | +€11,688 | +33.6% |
| Distributable reserves | 133 | €34,785 | €46,473 | +€11,688 | +33.6% |
| Amounts payable | 17/49 | €63,039 | €95,984 | +€32,945 | +52.3% |
| Amounts payable after more than one year | 17 | €36,710 | €32,773 | -€3,937 | -10.7% |
| Financial debts | 170/4 | €36,710 | €32,773 | -€3,937 | -10.7% |
| Amounts payable within one year | 42/48 | €26,330 | €63,211 | +€36,882 | +140.1% |
| Current portion of amounts payable after more than one year | 42 | €4,973 | €3,937 | -€1,036 | -20.8% |
| Trade debts | 44 | €870 | €9,791 | +€8,921 | +1025.4% |
| Suppliers | 440/4 | €870 | €9,791 | +€8,921 | +1025.4% |
| Advances received on contracts in progress | 46 | - | €15,000 | +€15,000 | |
| Taxes, remuneration and social security | 45 | €19,894 | €14,885 | -€5,008 | -25.2% |
| Taxes | 450/3 | €17,394 | €14,885 | -€2,508 | -14.4% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | €593 | €19,598 | +€19,005 | +3204.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,044 | €2,474 | +€431 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,109 | €5,065 | +€1,957 | +62.9% |
| Other operating charges | 640/8 | €595 | €904 | +€309 | +52.0% |
| Non-recurring operating charges | 66A | €6,227 | - | -€6,227 | |
| Gross operating margin | 9900 | €37,526 | €51,477 | +€13,951 | +37.2% |
| Operating profit (loss) | 9901 | €25,552 | €43,033 | +€17,481 | +68.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,380 | €3,689 | +€1,309 | +55.0% |
| Recurring financial charges | 65 | €2,380 | €3,689 | +€1,309 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | €23,172 | €39,344 | +€16,172 | +69.8% |
| Income taxes | 67/77 | €4,827 | €8,655 | +€3,829 | +79.3% |
| Profit (loss) for the period | 9904 | €18,345 | €30,688 | +€12,344 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,345 | €30,688 | +€12,344 | +67.3% |
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 10 October 2026 via checked.be.