BLOCO: 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.
BLOCO
Largest movements
- Cash +€35,528
up €35,528 (+10.0%), from €354,636 to €390,164
mainly Net result for the year (+€73,812) and Depreciation (+€40,547)
- Tangible fixed assets -€28,229
down €28,229 (-8.9%), from €316,163 to €287,934
- Receivables within one year +€19,730
up €19,730 (+21.5%), from €91,887 to €111,618
of which Trade receivables: +€17,313
- Reserves +€73,812
up €73,812 (+13.0%), from €568,123 to €641,935
- Debts after one year -€35,405
down €35,405 (-49.7%), from €71,269 to €35,864
- Tax, wage and social debts -€9,592
down €9,592 (-12.5%), from €76,674 to €67,082
of which Taxes: -€7,684
- Staff costs +€15,003
up €15,003 (+6.1%), from €244,685 to €259,688
- Taxes -€4,981
down €4,981 (-12.1%), from €41,198 to €36,217
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 | €794,368 | €820,084 | +€25,716 | +3.2% |
| Fixed assets | 21/28 | €318,406 | €289,686 | -€28,720 | -9.0% |
| Intangible fixed assets | 21 | €2,243 | €1,752 | -€491 | -21.9% |
| Tangible fixed assets | 22/27 | €316,163 | €287,934 | -€28,229 | -8.9% |
| Land and buildings | 22 | €238,220 | €224,507 | -€13,713 | -5.8% |
| Plant, machinery and equipment | 23 | €46,738 | €37,906 | -€8,832 | -18.9% |
| Furniture and vehicles | 24 | €31,204 | €25,521 | -€5,683 | -18.2% |
| Current assets | 29/58 | €475,962 | €530,398 | +€54,436 | +11.4% |
| Stocks and contracts in progress | 3 | €850 | €850 | = | 0.0% |
| Stocks | 30/36 | €850 | €850 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,887 | €111,618 | +€19,730 | +21.5% |
| Trade receivables | 40 | €91,887 | €109,201 | +€17,313 | +18.8% |
| Other amounts receivable | 41 | - | €2,417 | +€2,417 | |
| Cash at bank and in hand | 54/58 | €354,636 | €390,164 | +€35,528 | +10.0% |
| Deferred charges and accrued income | 490/1 | €28,589 | €27,767 | -€822 | -2.9% |
| Total equity and liabilities | 10/49 | €794,368 | €820,084 | +€25,716 | +3.2% |
| Equity | 10/15 | €574,323 | €648,135 | +€73,812 | +12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €568,123 | €641,935 | +€73,812 | +13.0% |
| Distributable reserves | 133 | €568,123 | €641,935 | +€73,812 | +13.0% |
| Amounts payable | 17/49 | €220,045 | €171,950 | -€48,096 | -21.9% |
| Amounts payable after more than one year | 17 | €71,269 | €35,864 | -€35,405 | -49.7% |
| Financial debts | 170/4 | €71,269 | €35,864 | -€35,405 | -49.7% |
| Amounts payable within one year | 42/48 | €147,326 | €135,634 | -€11,692 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €34,951 | €35,405 | +€454 | +1.3% |
| Trade debts | 44 | €30,656 | €33,064 | +€2,408 | +7.9% |
| Suppliers | 440/4 | €30,656 | €33,064 | +€2,408 | +7.9% |
| Taxes, remuneration and social security | 45 | €76,674 | €67,082 | -€9,592 | -12.5% |
| Taxes | 450/3 | €43,947 | €36,263 | -€7,684 | -17.5% |
| Remuneration and social security | 454/9 | €32,727 | €30,819 | -€1,908 | -5.8% |
| Other amounts payable | 47/48 | €5,044 | €82 | -€4,962 | -98.4% |
| Accrued charges and deferred income | 492/3 | €1,451 | €452 | -€999 | -68.8% |
| Remuneration, social security and pensions | 62 | €244,685 | €259,688 | +€15,003 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,472 | €40,547 | +€1,075 | +2.7% |
| Other operating charges | 640/8 | €3,288 | €3,260 | -€28 | -0.9% |
| Gross operating margin | 9900 | €413,807 | €413,673 | -€134 | 0.0% |
| Operating profit (loss) | 9901 | €126,362 | €110,178 | -€16,184 | -12.8% |
| Financial income | 75/76B | €466 | €1,474 | +€1,009 | +216.6% |
| Recurring financial income | 75 | €466 | €1,474 | +€1,009 | +216.6% |
| Financial charges | 65/66B | €2,337 | €1,624 | -€713 | -30.5% |
| Recurring financial charges | 65 | €2,337 | €1,624 | -€713 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €124,491 | €110,029 | -€14,462 | -11.6% |
| Income taxes | 67/77 | €41,198 | €36,217 | -€4,981 | -12.1% |
| Profit (loss) for the period | 9904 | €83,294 | €73,812 | -€9,482 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,294 | €73,812 | -€9,482 | -11.4% |
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 2 October 2026 via checked.be.