BLOPS: 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.
BLOPS
Largest movements
- Cash +€41,030
up €41,030 (+76.8%), from €53,432 to €94,462
mainly Net result for the year (+€25,939) and Depreciation (+€10,733)
- Tangible fixed assets -€10,733
down €10,733 (-13.8%), from €77,698 to €66,965
of which Land and buildings: -€9,059
- Receivables within one year +€5,756
up €5,756 (+57.5%), from €10,018 to €15,775
of which Trade receivables: +€5,313
- Deferred charges and accrued income -€4,211
down €4,211 (-25.4%), from €16,570 to €12,359
- Reserves +€25,939
up €25,939 (+258.8%), from €10,022 to €35,961
of which Distributable reserves: +€25,939
- Debts after one year -€7,882
down €7,882 (-26.2%), from €30,085 to €22,204
- Tax, wage and social debts +€7,517
up €7,517 (+428.8%), from €1,753 to €9,270
- Trade debts +€2,863
up €2,863 (+143.2%), from €2,000 to €4,863
- Other debts +€2,644
up €2,644 (+9.9%), from €26,607 to €29,250
- Gross operating margin +€20,750
up €20,750 (+70.8%), from €29,318 to €50,069
- Taxes +€3,176
up €3,176 (+328.4%), from €967 to €4,143
- Depreciation -€1,486
down €1,486 (-12.2%), from €12,219 to €10,733
- Financial charges +€806
up €806 (+19.4%), from €4,147 to €4,953
- Other operating charges +€657
up €657 (+18.0%), from €3,644 to €4,300
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 | €157,983 | €190,161 | +€32,178 | +20.4% |
| Fixed assets | 21/28 | €77,698 | €66,965 | -€10,733 | -13.8% |
| Tangible fixed assets | 22/27 | €77,698 | €66,965 | -€10,733 | -13.8% |
| Land and buildings | 22 | €74,788 | €65,729 | -€9,059 | -12.1% |
| Plant, machinery and equipment | 23 | €2,800 | €1,236 | -€1,564 | -55.9% |
| Furniture and vehicles | 24 | €111 | €0 | -€111 | -100.0% |
| Current assets | 29/58 | €80,284 | €123,196 | +€42,911 | +53.4% |
| Stocks and contracts in progress | 3 | €265 | €601 | +€336 | +127.2% |
| Stocks | 30/36 | €265 | €601 | +€336 | +127.2% |
| Amounts receivable within one year | 40/41 | €10,018 | €15,775 | +€5,756 | +57.5% |
| Trade receivables | 40 | €9,957 | €15,270 | +€5,313 | +53.4% |
| Other amounts receivable | 41 | €62 | €505 | +€443 | +718.0% |
| Cash at bank and in hand | 54/58 | €53,432 | €94,462 | +€41,030 | +76.8% |
| Deferred charges and accrued income | 490/1 | €16,570 | €12,359 | -€4,211 | -25.4% |
| Total equity and liabilities | 10/49 | €157,983 | €190,161 | +€32,178 | +20.4% |
| Equity | 10/15 | €87,594 | €113,533 | +€25,939 | +29.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,022 | €35,961 | +€25,939 | +258.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €10,022 | €35,961 | +€25,939 | +258.8% |
| Profit (loss) carried forward | 14 | €71,372 | €71,372 | = | 0.0% |
| Amounts payable | 17/49 | €70,389 | €76,628 | +€6,239 | +8.9% |
| Amounts payable after more than one year | 17 | €30,085 | €22,204 | -€7,882 | -26.2% |
| Financial debts | 170/4 | €30,085 | €22,204 | -€7,882 | -26.2% |
| Amounts payable within one year | 42/48 | €37,871 | €51,265 | +€13,394 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €7,511 | €7,882 | +€370 | +4.9% |
| Trade debts | 44 | €2,000 | €4,863 | +€2,863 | +143.2% |
| Suppliers | 440/4 | €2,000 | €4,863 | +€2,863 | +143.2% |
| Taxes, remuneration and social security | 45 | €1,753 | €9,270 | +€7,517 | +428.8% |
| Taxes | 450/3 | €1,753 | €9,270 | +€7,517 | +428.8% |
| Other amounts payable | 47/48 | €26,607 | €29,250 | +€2,644 | +9.9% |
| Accrued charges and deferred income | 492/3 | €2,433 | €3,160 | +€727 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,219 | €10,733 | -€1,486 | -12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €180 | €0 | -€180 | -100.0% |
| Other operating charges | 640/8 | €3,644 | €4,300 | +€657 | +18.0% |
| Gross operating margin | 9900 | €29,318 | €50,069 | +€20,750 | +70.8% |
| Operating profit (loss) | 9901 | €13,276 | €35,035 | +€21,759 | +163.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -94.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -94.4% |
| Financial charges | 65/66B | €4,147 | €4,953 | +€806 | +19.4% |
| Recurring financial charges | 65 | €4,147 | €4,953 | +€806 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €9,129 | €30,082 | +€20,953 | +229.5% |
| Income taxes | 67/77 | €967 | €4,143 | +€3,176 | +328.4% |
| Profit (loss) for the period | 9904 | €8,162 | €25,939 | +€17,777 | +217.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,162 | €25,939 | +€17,777 | +217.8% |
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 12 October 2026 via checked.be.