BLK 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.
BLK MANAGEMENT
Largest movements
- Cash +€218,567
up €218,567 (+247.6%), from €88,281 to €306,848
mainly Current investments (+€125,000) and Net result for the year (+€72,304)
- Current investments -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Tangible fixed assets -€16,775
down €16,775 (-27.1%), from €61,855 to €45,080
- Reserves +€72,304
up €72,304 (+16.8%), from €430,421 to €502,726
- Tax, wage and social debts +€8,477
up €8,477 (+170.7%), from €4,965 to €13,442
- Gross operating margin +€29,051
up €29,051 (+34.6%), from €83,896 to €112,948
- Taxes +€11,675
up €11,675 (+71.8%), from €16,271 to €27,947
- Financial income +€3,523
up €3,523 (+95.2%), from €3,701 to €7,223
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 | €456,719 | €535,577 | +€78,858 | +17.3% |
| Fixed assets | 21/28 | €214,958 | €198,184 | -€16,775 | -7.8% |
| Tangible fixed assets | 22/27 | €61,855 | €45,080 | -€16,775 | -27.1% |
| Furniture and vehicles | 24 | €61,855 | €45,080 | -€16,775 | -27.1% |
| Financial fixed assets | 28 | €153,104 | €153,104 | = | 0.0% |
| Current assets | 29/58 | €241,761 | €337,394 | +€95,633 | +39.6% |
| Amounts receivable within one year | 40/41 | €26,300 | €29,384 | +€3,084 | +11.7% |
| Trade receivables | 40 | €22,273 | €23,182 | +€909 | +4.1% |
| Other amounts receivable | 41 | €4,026 | €6,202 | +€2,176 | +54.0% |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €88,281 | €306,848 | +€218,567 | +247.6% |
| Deferred charges and accrued income | 490/1 | €2,180 | €1,161 | -€1,018 | -46.7% |
| Total equity and liabilities | 10/49 | €456,719 | €535,577 | +€78,858 | +17.3% |
| Equity | 10/15 | €442,821 | €515,126 | +€72,304 | +16.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €430,421 | €502,726 | +€72,304 | +16.8% |
| Distributable reserves | 133 | €430,421 | €502,726 | +€72,304 | +16.8% |
| Amounts payable | 17/49 | €13,898 | €20,452 | +€6,554 | +47.2% |
| Amounts payable within one year | 42/48 | €13,850 | €19,330 | +€5,481 | +39.6% |
| Trade debts | 44 | €4,739 | €3,923 | -€816 | -17.2% |
| Suppliers | 440/4 | €4,739 | €3,923 | -€816 | -17.2% |
| Taxes, remuneration and social security | 45 | €4,965 | €13,442 | +€8,477 | +170.7% |
| Taxes | 450/3 | €4,965 | €13,442 | +€8,477 | +170.7% |
| Other amounts payable | 47/48 | €4,146 | €1,966 | -€2,180 | -52.6% |
| Accrued charges and deferred income | 492/3 | €48 | €1,121 | +€1,073 | +2234.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,707 | €18,166 | +€459 | +2.6% |
| Other operating charges | 640/8 | €1,121 | €1,152 | +€31 | +2.8% |
| Non-recurring operating charges | 66A | €10,000 | €0 | -€10,000 | -100.0% |
| Gross operating margin | 9900 | €83,896 | €112,948 | +€29,051 | +34.6% |
| Operating profit (loss) | 9901 | €55,068 | €93,629 | +€38,562 | +70.0% |
| Financial income | 75/76B | €3,701 | €7,223 | +€3,523 | +95.2% |
| Recurring financial income | 75 | €3,701 | €7,223 | +€3,523 | +95.2% |
| Financial charges | 65/66B | €621 | €602 | -€19 | -3.1% |
| Recurring financial charges | 65 | €621 | €602 | -€19 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €58,147 | €100,251 | +€42,104 | +72.4% |
| Income taxes | 67/77 | €16,271 | €27,947 | +€11,675 | +71.8% |
| Profit (loss) for the period | 9904 | €41,876 | €72,304 | +€30,428 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,876 | €72,304 | +€30,428 | +72.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.