BLMA: 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.
BLMA
Largest movements
- Receivables within one year +€130,189
up €130,189 (+21.7%), from €601,201 to €731,390
of which Other amounts receivable: +€125,272
- Deferred charges and accrued income -€47,279
down €47,279 (-55.1%), from €85,854 to €38,575
- Tangible fixed assets -€10,181
down €10,181 (-54.0%), from €18,841 to €8,660
- Other debts +€281,686
up €281,686 (+101.1%), from €278,686 to €560,372
- Reserves -€224,915
down €224,915 (-48.4%), from €465,009 to €240,094
of which Distributable reserves: -€224,915
- Tax, wage and social debts +€27,200
up €27,200 (+173.6%), from €15,671 to €42,871
of which Taxes: +€24,876
- Accrued charges and deferred income -€9,381
down €9,381 (-100.0%), from €9,381 to €0
- Financial charges -€8,011
down €8,011 (-97.9%), from €8,180 to €169
- Gross operating margin +€2,851
up €2,851 (+12.0%), from -€23,760 to -€20,909
- Financial income +€1,212
up €1,212 (+5.4%), from €22,513 to €23,725
- Depreciation +€352
up €352 (+3.6%), from €9,829 to €10,181
- Other operating charges -€328
down €328 (-22.4%), from €1,466 to €1,138
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 | €807,220 | €879,793 | +€72,573 | +9.0% |
| Fixed assets | 21/28 | €93,905 | €83,724 | -€10,181 | -10.8% |
| Tangible fixed assets | 22/27 | €18,841 | €8,660 | -€10,181 | -54.0% |
| Furniture and vehicles | 24 | €18,841 | €8,660 | -€10,181 | -54.0% |
| Financial fixed assets | 28 | €75,063 | €75,063 | = | 0.0% |
| Current assets | 29/58 | €713,315 | €796,070 | +€82,754 | +11.6% |
| Amounts receivable within one year | 40/41 | €601,201 | €731,390 | +€130,189 | +21.7% |
| Trade receivables | 40 | €12,124 | €17,041 | +€4,917 | +40.6% |
| Other amounts receivable | 41 | €589,077 | €714,350 | +€125,272 | +21.3% |
| Cash at bank and in hand | 54/58 | €26,259 | €26,104 | -€155 | -0.6% |
| Deferred charges and accrued income | 490/1 | €85,854 | €38,575 | -€47,279 | -55.1% |
| Total equity and liabilities | 10/49 | €807,220 | €879,793 | +€72,573 | +9.0% |
| Equity | 10/15 | €499,284 | €274,368 | -€224,915 | -45.0% |
| Contributions | 10/11 | €34,274 | €34,274 | = | 0.0% |
| Reserves | 13 | €465,009 | €240,094 | -€224,915 | -48.4% |
| Non-distributable reserves | 130/1 | €3,427 | €3,427 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,427 | €3,427 | = | 0.0% |
| Distributable reserves | 133 | €461,582 | €236,666 | -€224,915 | -48.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €307,936 | €605,425 | +€297,489 | +96.6% |
| Amounts payable within one year | 42/48 | €298,555 | €605,425 | +€306,870 | +102.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,198 | €2,182 | -€2,017 | -48.0% |
| Suppliers | 440/4 | €4,198 | €2,182 | -€2,017 | -48.0% |
| Taxes, remuneration and social security | 45 | €15,671 | €42,871 | +€27,200 | +173.6% |
| Taxes | 450/3 | €15,671 | €40,547 | +€24,876 | +158.7% |
| Remuneration and social security | 454/9 | - | €2,324 | +€2,324 | |
| Other amounts payable | 47/48 | €278,686 | €560,372 | +€281,686 | +101.1% |
| Accrued charges and deferred income | 492/3 | €9,381 | €0 | -€9,381 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,829 | €10,181 | +€352 | +3.6% |
| Other operating charges | 640/8 | €1,466 | €1,138 | -€328 | -22.4% |
| Gross operating margin | 9900 | -€23,760 | -€20,909 | +€2,851 | +12.0% |
| Operating profit (loss) | 9901 | -€35,055 | -€32,228 | +€2,827 | +8.1% |
| Financial income | 75/76B | €22,513 | €23,725 | +€1,212 | +5.4% |
| Recurring financial income | 75 | €22,513 | €23,725 | +€1,212 | +5.4% |
| Financial charges | 65/66B | €8,180 | €169 | -€8,011 | -97.9% |
| Recurring financial charges | 65 | €8,180 | €169 | -€8,011 | -97.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,723 | -€8,673 | +€12,050 | +58.1% |
| Income taxes | 67/77 | €223 | €141 | -€82 | -36.8% |
| Profit (loss) for the period | 9904 | -€20,946 | -€8,814 | +€12,132 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,946 | -€8,814 | +€12,132 | +57.9% |
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 4 October 2026 via checked.be.