BLOE: 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.
BLOE
Largest movements
- Stocks and contracts -€4,375
no longer reported in 2025 (was €4,375)
- Receivables within one year -€314
down €314 (-6.5%), from €4,835 to €4,521
- Tangible fixed assets -€179
no longer reported in 2025 (was €179)
- Profit (loss) carried forward -€7,751
down €7,751 (-21.8%), from -€35,474 to -€43,225
- Other debts +€2,702
up €2,702 (+42.7%), from €6,325 to €9,027
- Trade debts +€234
new in 2025: €234
- Write-downs +€4,375
new in 2025: €4,375
- Other operating charges +€1,540
new in 2025: €1,540
- Gross operating margin -€832
down €832 (-108.8%), from -€765 to -€1,597
- Depreciation -€517
down €517 (-74.3%), from €695 to €179
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 | €9,436 | €4,622 | -€4,814 | -51.0% |
| Fixed assets | 21/28 | €179 | - | -€179 | |
| Tangible fixed assets | 22/27 | €179 | - | -€179 | |
| Other tangible fixed assets | 26 | €179 | - | -€179 | |
| Current assets | 29/58 | €9,257 | €4,622 | -€4,635 | -50.1% |
| Stocks and contracts in progress | 3 | €4,375 | - | -€4,375 | |
| Stocks | 30/36 | €4,375 | - | -€4,375 | |
| Amounts receivable within one year | 40/41 | €4,835 | €4,521 | -€314 | -6.5% |
| Other amounts receivable | 41 | €4,835 | €4,521 | -€314 | -6.5% |
| Cash at bank and in hand | 54/58 | €47 | €100 | +€53 | +113.6% |
| Total equity and liabilities | 10/49 | €9,436 | €4,622 | -€4,814 | -51.0% |
| Equity | 10/15 | €3,111 | -€4,639 | -€7,751 | |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €7,599 | €7,599 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,474 | -€43,225 | -€7,751 | -21.8% |
| Amounts payable | 17/49 | €6,325 | €9,261 | +€2,936 | +46.4% |
| Amounts payable within one year | 42/48 | €6,325 | €9,261 | +€2,936 | +46.4% |
| Trade debts | 44 | - | €234 | +€234 | |
| Suppliers | 440/4 | - | €234 | +€234 | |
| Other amounts payable | 47/48 | €6,325 | €9,027 | +€2,702 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €695 | €179 | -€517 | -74.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,375 | +€4,375 | |
| Other operating charges | 640/8 | - | €1,540 | +€1,540 | |
| Gross operating margin | 9900 | -€765 | -€1,597 | -€832 | -108.8% |
| Operating profit (loss) | 9901 | -€1,460 | -€7,691 | -€6,230 | -426.6% |
| Financial charges | 65/66B | €60 | €60 | +€0 | +0.1% |
| Recurring financial charges | 65 | €60 | €60 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,520 | -€7,751 | -€6,230 | -409.8% |
| Profit (loss) for the period | 9904 | -€1,520 | -€7,751 | -€6,230 | -409.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,520 | -€7,751 | -€6,230 | -409.8% |
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 10 October 2026 via checked.be.