BLK4: 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.
BLK4
Largest movements
- Cash +€38,222
up €38,222 (+336.2%), from €11,370 to €49,592
mainly Net result for the year (+€27,683) and Tax, wage and social debts (+€10,491)
- Receivables within one year -€9,407
down €9,407 (-30.5%), from €30,799 to €21,392
of which Trade receivables: -€16,338
- Deferred charges and accrued income +€7,549
new in 2025: €7,549
- Financial fixed assets +€1,320
up €1,320 (+8.8%), from €15,000 to €16,320
- Formation expenses -€1,052
down €1,052 (-60.6%), from €1,734 to €683
- Reserves +€27,683
up €27,683 (+80.8%), from €34,268 to €61,950
- Tax, wage and social debts +€10,491
up €10,491 (+65.6%), from €16,001 to €26,492
- Trade debts -€1,985
down €1,985 (-80.9%), from €2,454 to €469
- Gross operating margin -€6,679
down €6,679 (-15.2%), from €43,883 to €37,204
- Taxes -€1,319
down €1,319 (-15.1%), from €8,724 to €7,405
- Depreciation +€1,115
up €1,115 (+293.7%), from €380 to €1,495
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 | €60,222 | €96,411 | +€36,189 | +60.1% |
| Formation expenses | 20 | €1,734 | €683 | -€1,052 | -60.6% |
| Fixed assets | 21/28 | €16,319 | €17,196 | +€877 | +5.4% |
| Tangible fixed assets | 22/27 | €1,319 | €876 | -€443 | -33.6% |
| Plant, machinery and equipment | 23 | €1,319 | €876 | -€443 | -33.6% |
| Financial fixed assets | 28 | €15,000 | €16,320 | +€1,320 | +8.8% |
| Current assets | 29/58 | €42,169 | €78,533 | +€36,364 | +86.2% |
| Amounts receivable within one year | 40/41 | €30,799 | €21,392 | -€9,407 | -30.5% |
| Trade receivables | 40 | €29,996 | €13,658 | -€16,338 | -54.5% |
| Other amounts receivable | 41 | €803 | €7,734 | +€6,931 | +863.1% |
| Cash at bank and in hand | 54/58 | €11,370 | €49,592 | +€38,222 | +336.2% |
| Deferred charges and accrued income | 490/1 | - | €7,549 | +€7,549 | |
| Total equity and liabilities | 10/49 | €60,222 | €96,411 | +€36,189 | +60.1% |
| Equity | 10/15 | €36,768 | €64,450 | +€27,683 | +75.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €34,268 | €61,950 | +€27,683 | +80.8% |
| Distributable reserves | 133 | €34,268 | €61,950 | +€27,683 | +80.8% |
| Amounts payable | 17/49 | €23,455 | €31,961 | +€8,506 | +36.3% |
| Amounts payable after more than one year | 17 | €5,000 | €5,000 | = | 0.0% |
| Financial debts | 170/4 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,455 | €26,961 | +€8,506 | +46.1% |
| Trade debts | 44 | €2,454 | €469 | -€1,985 | -80.9% |
| Suppliers | 440/4 | €2,454 | €469 | -€1,985 | -80.9% |
| Taxes, remuneration and social security | 45 | €16,001 | €26,492 | +€10,491 | +65.6% |
| Taxes | 450/3 | €16,001 | €26,492 | +€10,491 | +65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380 | €1,495 | +€1,115 | +293.7% |
| Other operating charges | 640/8 | €493 | €363 | -€130 | -26.4% |
| Gross operating margin | 9900 | €43,883 | €37,204 | -€6,679 | -15.2% |
| Operating profit (loss) | 9901 | €43,010 | €35,346 | -€7,664 | -17.8% |
| Financial income | 75/76B | €24 | €209 | +€185 | +760.6% |
| Recurring financial income | 75 | €24 | €209 | +€185 | +760.6% |
| Financial charges | 65/66B | €43 | €468 | +€425 | +995.8% |
| Recurring financial charges | 65 | €43 | €468 | +€425 | +995.8% |
| Profit (loss) for the period before taxes | 9903 | €42,992 | €35,088 | -€7,904 | -18.4% |
| Income taxes | 67/77 | €8,724 | €7,405 | -€1,319 | -15.1% |
| Profit (loss) for the period | 9904 | €34,268 | €27,683 | -€6,585 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,268 | €27,683 | -€6,585 | -19.2% |
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 12 October 2026 via checked.be.