BLK-Invest: what changed
What changed
BLK-Invest
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€17,131
2024 · -€75,234+€58,103
Equity
-€30,417
2024 · -€13,286-€17,131
Cash
€2,440
2024 · €21,177-€18,738
Balance sheet total
€765,233
2024 · €707,120+€58,113
Largest movements
Assets
- Tangible fixed assets +€74,722
up €74,722 (+10.9%), from €685,002 to €759,724
of which Land and buildings: +€759,724
- Cash -€18,738
down €18,738 (-88.5%), from €21,177 to €2,440
mainly Investment in fixed assets (net) (-€89,158) and Net result for the year (-€17,131)
Equity and liabilities
- Other debts +€52,743
up €52,743 (+10.4%), from €509,229 to €561,973
- Tax, wage and social debts +€36,452
up €36,452, from €0 to €36,452
- Profit (loss) carried forward -€17,131
down €17,131 (-6.8%), from -€253,488 to -€270,619
- Accrued charges and deferred income -€8,713
down €8,713 (-100%), from €8,713 to €0
Income statement
- Gross operating margin +€73,491
up €73,491, from -€67,091 to €6,400
- Depreciation +€14,436
new in 2025: €14,436
- Financial charges +€728
up €728 (+9.5%), from €7,701 to €8,429
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€75,234
Gross operating margin
+€73,491
Depreciation
-€14,436
Other operating charges
-€7
Financial income
-€218
Financial charges
-€728
Result 2025
-€17,131
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€76,487
Investment
-€89,158
Financing
-€6,066
Cash 2024
€21,177
From operations (derived)
+€76,487
Net result for the year
-€17,131
Depreciation
+€14,436
Receivables within one year
-€2,651
Deferred charges and accrued income
+€523
Trade debts
+€829
Tax, wage and social debts
+€36,452
Other debts
+€52,743
Accrued charges and deferred income
-€8,713
Investment (derived)
-€89,158
Investment in fixed assets (net)
-€89,158
Financing
-€6,066
Debts after one year
-€6,501
Current portion of long-term debt
+€435
Cash 2025
€2,440
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €707,120 | €765,233 | +€58,113 | +8.2% |
| Fixed assets | 21/28 | €685,002 | €759,724 | +€74,722 | +10.9% |
| Tangible fixed assets | 22/27 | €685,002 | €759,724 | +€74,722 | +10.9% |
| Land and buildings | 22 | - | €759,724 | +€759,724 | |
| Assets under construction and advance payments | 27 | €685,002 | €0 | -€685,002 | -100% |
| Current assets | 29/58 | €22,118 | €5,509 | -€16,609 | -75.1% |
| Amounts receivable within one year | 40/41 | €374 | €3,025 | +€2,651 | +709% |
| Trade receivables | 40 | €0 | €3,025 | +€3,025 | |
| Other amounts receivable | 41 | €374 | €0 | -€374 | -100% |
| Cash at bank and in hand | 54/58 | €21,177 | €2,440 | -€18,738 | -88.5% |
| Deferred charges and accrued income | 490/1 | €567 | €44 | -€523 | -92.2% |
| Total equity and liabilities | 10/49 | €707,120 | €765,233 | +€58,113 | +8.2% |
| Equity | 10/15 | -€13,286 | -€30,417 | -€17,131 | -129% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €30,202 | €30,202 | = | 0.0% |
| Distributable reserves | 133 | €30,202 | €30,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,488 | -€270,619 | -€17,131 | -6.8% |
| Amounts payable | 17/49 | €720,406 | €795,650 | +€75,244 | +10.4% |
| Amounts payable after more than one year | 17 | €187,005 | €180,504 | -€6,501 | -3.5% |
| Financial debts | 170/4 | €187,005 | €176,754 | -€10,251 | -5.5% |
| Other amounts payable | 178/9 | - | €3,750 | +€3,750 | |
| Amounts payable within one year | 42/48 | €524,687 | €615,146 | +€90,459 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €9,816 | €10,251 | +€435 | +4.4% |
| Trade debts | 44 | €5,642 | €6,470 | +€829 | +14.7% |
| Suppliers | 440/4 | €5,642 | €6,470 | +€829 | +14.7% |
| Taxes, remuneration and social security | 45 | €0 | €36,452 | +€36,452 | |
| Taxes | 450/3 | €0 | €36,452 | +€36,452 | |
| Other amounts payable | 47/48 | €509,229 | €561,973 | +€52,743 | +10.4% |
| Accrued charges and deferred income | 492/3 | €8,713 | €0 | -€8,713 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,436 | +€14,436 | |
| Other operating charges | 640/8 | €660 | €666 | +€7 | +1.0% |
| Gross operating margin | 9900 | -€67,091 | €6,400 | +€73,491 | |
| Operating profit (loss) | 9901 | -€67,751 | -€8,702 | +€59,049 | +87.2% |
| Financial income | 75/76B | €218 | €0 | -€218 | -99.8% |
| Recurring financial income | 75 | €218 | €0 | -€218 | -99.8% |
| Financial charges | 65/66B | €7,701 | €8,429 | +€728 | +9.5% |
| Recurring financial charges | 65 | €7,701 | €8,429 | +€728 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€75,234 | -€17,131 | +€58,103 | +77.2% |
| Profit (loss) for the period | 9904 | -€75,234 | -€17,131 | +€58,103 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,234 | -€17,131 | +€58,103 | +77.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.