BLK: 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.
BLK
Largest movements
- Stocks and contracts -€209,862
down €209,862 (-11.0%), from €1.9m to €1.7m
- Receivables within one year +€99,459
up €99,459 (+102.7%), from €96,876 to €196,335
of which Trade receivables: +€67,242
- Cash -€38,171
down €38,171 (-79.4%), from €48,103 to €9,931
mainly Debts after one year (-€122,220) and Receivables within one year (-€99,459)
- Debts after one year -€122,220
down €122,220 (-15.2%), from €805,000 to €682,780
- Other debts -€27,647
down €27,647 (-3.7%), from €754,508 to €726,862
- Gross operating margin +€47,607
up €47,607, from -€3,152 to €44,455
- Financial charges -€10,356
down €10,356 (-20.1%), from €51,427 to €41,071
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 | €2,055,000 | €1,906,426 | -€148,574 | -7.2% |
| Current assets | 29/58 | €2,055,000 | €1,906,426 | -€148,574 | -7.2% |
| Stocks and contracts in progress | 3 | €1,910,021 | €1,700,159 | -€209,862 | -11.0% |
| Stocks | 30/36 | €1,910,021 | €1,700,159 | -€209,862 | -11.0% |
| Amounts receivable within one year | 40/41 | €96,876 | €196,335 | +€99,459 | +102.7% |
| Trade receivables | 40 | - | €67,242 | +€67,242 | |
| Other amounts receivable | 41 | €96,876 | €129,094 | +€32,217 | +33.3% |
| Cash at bank and in hand | 54/58 | €48,103 | €9,931 | -€38,171 | -79.4% |
| Total equity and liabilities | 10/49 | €2,055,000 | €1,906,426 | -€148,574 | -7.2% |
| Equity | 10/15 | €448,099 | €450,247 | +€2,148 | +0.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €14,510 | €14,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,510 | €14,510 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,510 | €14,510 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,589 | €135,737 | +€2,148 | +1.6% |
| Amounts payable | 17/49 | €1,606,901 | €1,456,179 | -€150,722 | -9.4% |
| Amounts payable after more than one year | 17 | €805,000 | €682,780 | -€122,220 | -15.2% |
| Financial debts | 170/4 | €805,000 | €682,780 | -€122,220 | -15.2% |
| Amounts payable within one year | 42/48 | €756,476 | €727,974 | -€28,502 | -3.8% |
| Trade debts | 44 | €1,968 | €1,113 | -€855 | -43.5% |
| Suppliers | 440/4 | €1,968 | €1,113 | -€855 | -43.5% |
| Other amounts payable | 47/48 | €754,508 | €726,862 | -€27,647 | -3.7% |
| Accrued charges and deferred income | 492/3 | €45,425 | €45,425 | = | 0.0% |
| Other operating charges | 640/8 | €1,018 | €1,236 | +€219 | +21.5% |
| Gross operating margin | 9900 | -€3,152 | €44,455 | +€47,607 | |
| Operating profit (loss) | 9901 | -€4,169 | €43,218 | +€47,388 | |
| Financial charges | 65/66B | €51,427 | €41,071 | -€10,356 | -20.1% |
| Recurring financial charges | 65 | €51,427 | €41,071 | -€10,356 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€55,596 | €2,148 | +€57,744 | |
| Profit (loss) for the period | 9904 | -€55,596 | €2,148 | +€57,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,596 | €2,148 | +€57,744 |
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 11 October 2026 via checked.be.