BLKB: what changed
Two fiscal 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.
BLKB
Largest movements
- Stocks and contracts +€1.8m
up €1.8m (+66.8%), from €2.6m to €4.4m
- Cash +€83,342
up €83,342 (+507.8%), from €16,411 to €99,752
mainly Other debts (+€904,409) and Debts after one year (+€885,864)
- Other debts +€904,409
up €904,409 (+394.2%), from €229,427 to €1.1m
- Debts after one year +€885,864
up €885,864 (+35.1%), from €2.5m to €3.4m
- Gross operating margin +€159,339
up €159,339, from -€18,822 to €140,517
- Financial charges +€25,385
up €25,385 (+24.5%), from €103,696 to €129,081
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 | €2,686,634 | €4,491,078 | +€1.8m | +67.2% |
| Current assets | 29/58 | €2,686,634 | €4,491,078 | +€1.8m | +67.2% |
| Stocks and contracts in progress | 3 | €2,632,248 | €4,389,543 | +€1.8m | +66.8% |
| Stocks | 30/36 | €2,632,248 | €4,389,543 | +€1.8m | +66.8% |
| Amounts receivable within one year | 40/41 | €37,975 | €200 | -€37,775 | -99.5% |
| Other amounts receivable | 41 | €37,975 | €200 | -€37,775 | -99.5% |
| Cash at bank and in hand | 54/58 | €16,411 | €99,752 | +€83,342 | +507.8% |
| Deferred charges and accrued income | 490/1 | - | €1,583 | +€1,583 | |
| Total equity and liabilities | 10/49 | €2,686,634 | €4,491,078 | +€1.8m | +67.2% |
| Equity | 10/15 | -€89,636 | -€79,434 | +€10,201 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,236 | -€98,034 | +€10,201 | +9.4% |
| Amounts payable | 17/49 | €2,776,270 | €4,570,513 | +€1.8m | +64.6% |
| Amounts payable after more than one year | 17 | €2,520,256 | €3,406,120 | +€885,864 | +35.1% |
| Financial debts | 170/4 | €2,520,256 | €3,406,120 | +€885,864 | +35.1% |
| Amounts payable within one year | 42/48 | €256,014 | €1,164,393 | +€908,379 | +354.8% |
| Trade debts | 44 | €26,587 | €9,647 | -€16,940 | -63.7% |
| Suppliers | 440/4 | €26,587 | €9,647 | -€16,940 | -63.7% |
| Taxes, remuneration and social security | 45 | - | €20,910 | +€20,910 | |
| Taxes | 450/3 | - | €20,910 | +€20,910 | |
| Other amounts payable | 47/48 | €229,427 | €1,133,836 | +€904,409 | +394.2% |
| Other operating charges | 640/8 | €1,236 | €1,236 | +€0 | 0.0% |
| Gross operating margin | 9900 | -€18,822 | €140,517 | +€159,339 | |
| Operating profit (loss) | 9901 | -€20,058 | €139,280 | +€159,339 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €103,696 | €129,081 | +€25,385 | +24.5% |
| Recurring financial charges | 65 | €103,696 | €129,081 | +€25,385 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | -€123,754 | €10,201 | +€133,955 | |
| Profit (loss) for the period | 9904 | -€123,754 | €10,201 | +€133,955 | |
| Profit (loss) for the period to be appropriated | 9905 | -€123,754 | €10,201 | +€133,955 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.