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 +€5,246
up €5,246 (+151.9%), from €3,453 to €8,699
- Cash +€3,694
up €3,694 (+28.0%), from €13,176 to €16,870
mainly Net result for the year (+€8,603) and Trade debts (+€4,667)
- Stocks and contracts -€1,150
down €1,150 (-13.3%), from €8,650 to €7,500
- Tangible fixed assets +€847
new in 2025: €847
- Formation expenses -€828
down €828 (-95.3%), from €870 to €41
- Other debts -€8,746
down €8,746 (-65.3%), from €13,391 to €4,645
- Profit (loss) carried forward +€8,603
up €8,603 (+480.9%), from €1,789 to €10,392
- Trade debts +€4,667
up €4,667 (+103.7%), from €4,500 to €9,167
- Tax, wage and social debts +€3,728
up €3,728 (+107.5%), from €3,468 to €7,195
- Gross operating margin +€8,182
up €8,182 (+133.6%), from €6,127 to €14,309
- Taxes +€1,790
up €1,790 (+142.1%), from €1,260 to €3,050
- Financial charges +€284
up €284 (+69.9%), from €406 to €691
- Other operating charges -€212
down €212 (-17.3%), from €1,225 to €1,013
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 | €26,148 | €34,399 | +€8,251 | +31.6% |
| Formation expenses | 20 | €870 | €41 | -€828 | -95.3% |
| Fixed assets | 21/28 | - | €847 | +€847 | |
| Tangible fixed assets | 22/27 | - | €847 | +€847 | |
| Plant, machinery and equipment | 23 | - | €847 | +€847 | |
| Current assets | 29/58 | €25,278 | €33,511 | +€8,232 | +32.6% |
| Stocks and contracts in progress | 3 | €8,650 | €7,500 | -€1,150 | -13.3% |
| Stocks | 30/36 | €8,650 | €7,500 | -€1,150 | -13.3% |
| Amounts receivable within one year | 40/41 | €3,453 | €8,699 | +€5,246 | +151.9% |
| Trade receivables | 40 | €3,453 | €8,699 | +€5,246 | +151.9% |
| Cash at bank and in hand | 54/58 | €13,176 | €16,870 | +€3,694 | +28.0% |
| Deferred charges and accrued income | 490/1 | - | €442 | +€442 | |
| Total equity and liabilities | 10/49 | €26,148 | €34,399 | +€8,251 | +31.6% |
| Equity | 10/15 | €4,789 | €13,392 | +€8,603 | +179.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,789 | €10,392 | +€8,603 | +480.9% |
| Amounts payable | 17/49 | €21,359 | €21,007 | -€352 | -1.6% |
| Amounts payable within one year | 42/48 | €21,359 | €21,007 | -€352 | -1.6% |
| Trade debts | 44 | €4,500 | €9,167 | +€4,667 | +103.7% |
| Suppliers | 440/4 | €4,500 | €9,167 | +€4,667 | +103.7% |
| Taxes, remuneration and social security | 45 | €3,468 | €7,195 | +€3,728 | +107.5% |
| Taxes | 450/3 | €3,468 | €7,195 | +€3,728 | +107.5% |
| Other amounts payable | 47/48 | €13,391 | €4,645 | -€8,746 | -65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €819 | €953 | +€133 | +16.3% |
| Other operating charges | 640/8 | €1,225 | €1,013 | -€212 | -17.3% |
| Non-recurring operating charges | 66A | €78 | €0 | -€78 | -100.0% |
| Gross operating margin | 9900 | €6,127 | €14,309 | +€8,182 | +133.6% |
| Operating profit (loss) | 9901 | €4,004 | €12,343 | +€8,339 | +208.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +150.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +150.0% |
| Financial charges | 65/66B | €406 | €691 | +€284 | +69.9% |
| Recurring financial charges | 65 | €406 | €691 | +€284 | +69.9% |
| Profit (loss) for the period before taxes | 9903 | €3,598 | €11,653 | +€8,055 | +223.9% |
| Income taxes | 67/77 | €1,260 | €3,050 | +€1,790 | +142.1% |
| Profit (loss) for the period | 9904 | €2,338 | €8,603 | +€6,265 | +268.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,338 | €8,603 | +€6,265 | +268.0% |
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 28 September 2026 via checked.be.