BLORO: 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.
BLORO
Largest movements
- Cash +€95,818
up €95,818 (+27.1%), from €353,108 to €448,925
mainly Net result for the year (+€108,519) and Receivables within one year (+€51,861)
- Receivables within one year -€51,861
down €51,861 (-63.3%), from €81,984 to €30,123
of which Trade receivables: -€44,514
- Reserves +€52,802
up €52,802 (+14.9%), from €353,196 to €405,997
of which Distributable reserves: +€52,802
- Debts after one year -€16,578
down €16,578 (-100.0%), from €16,578 to €0
- Other debts +€7,837
up €7,837 (+11.7%), from €67,105 to €74,942
- Tax, wage and social debts +€5,580
up €5,580 (+19.5%), from €28,562 to €34,142
of which Taxes: +€6,578
- Current portion of long-term debt -€5,400
down €5,400 (-100.0%), from €5,400 to €0
- Staff costs -€103,265
down €103,265 (-60.5%), from €170,685 to €67,420
- Gross operating margin -€70,527
down €70,527 (-22.6%), from €311,694 to €241,167
- Taxes +€11,632
up €11,632 (+33.7%), from €34,504 to €46,136
- Financial income +€6,474
up €6,474 (+610.1%), from €1,061 to €7,535
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 | €492,331 | €533,815 | +€41,484 | +8.4% |
| Fixed assets | 21/28 | €51,243 | €53,624 | +€2,381 | +4.6% |
| Tangible fixed assets | 22/27 | €51,243 | €53,624 | +€2,381 | +4.6% |
| Plant, machinery and equipment | 23 | €5,835 | €4,280 | -€1,555 | -26.7% |
| Furniture and vehicles | 24 | €24,794 | €26,269 | +€1,475 | +5.9% |
| Other tangible fixed assets | 26 | €20,614 | €23,076 | +€2,461 | +11.9% |
| Current assets | 29/58 | €441,088 | €480,191 | +€39,103 | +8.9% |
| Stocks and contracts in progress | 3 | €1,189 | €1,143 | -€47 | -3.9% |
| Stocks | 30/36 | €1,189 | €1,143 | -€47 | -3.9% |
| Amounts receivable within one year | 40/41 | €81,984 | €30,123 | -€51,861 | -63.3% |
| Trade receivables | 40 | €68,450 | €23,937 | -€44,514 | -65.0% |
| Other amounts receivable | 41 | €13,533 | €6,186 | -€7,347 | -54.3% |
| Cash at bank and in hand | 54/58 | €353,108 | €448,925 | +€95,818 | +27.1% |
| Deferred charges and accrued income | 490/1 | €4,808 | €0 | -€4,808 | -100.0% |
| Total equity and liabilities | 10/49 | €492,331 | €533,815 | +€41,484 | +8.4% |
| Equity | 10/15 | €359,396 | €412,197 | +€52,802 | +14.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €353,196 | €405,997 | +€52,802 | +14.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €351,336 | €404,137 | +€52,802 | +15.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €132,935 | €121,617 | -€11,318 | -8.5% |
| Amounts payable after more than one year | 17 | €16,578 | €0 | -€16,578 | -100.0% |
| Financial debts | 170/4 | €16,578 | €0 | -€16,578 | -100.0% |
| Amounts payable within one year | 42/48 | €116,357 | €121,617 | +€5,260 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €5,400 | €0 | -€5,400 | -100.0% |
| Trade debts | 44 | €15,291 | €12,533 | -€2,758 | -18.0% |
| Suppliers | 440/4 | €15,291 | €12,533 | -€2,758 | -18.0% |
| Taxes, remuneration and social security | 45 | €28,562 | €34,142 | +€5,580 | +19.5% |
| Taxes | 450/3 | €27,194 | €33,771 | +€6,578 | +24.2% |
| Remuneration and social security | 454/9 | €1,368 | €371 | -€997 | -72.9% |
| Other amounts payable | 47/48 | €67,105 | €74,942 | +€7,837 | +11.7% |
| Remuneration, social security and pensions | 62 | €170,685 | €67,420 | -€103,265 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,502 | €18,750 | +€1,249 | +7.1% |
| Other operating charges | 640/8 | €1,392 | €1,633 | +€241 | +17.3% |
| Gross operating margin | 9900 | €311,694 | €241,167 | -€70,527 | -22.6% |
| Operating profit (loss) | 9901 | €122,115 | €153,364 | +€31,249 | +25.6% |
| Financial income | 75/76B | €1,061 | €7,535 | +€6,474 | +610.1% |
| Recurring financial income | 75 | €1,061 | €7,535 | +€6,474 | +610.1% |
| Financial charges | 65/66B | €6,016 | €6,244 | +€228 | +3.8% |
| Recurring financial charges | 65 | €6,016 | €6,244 | +€228 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €117,160 | €154,655 | +€37,495 | +32.0% |
| Income taxes | 67/77 | €34,504 | €46,136 | +€11,632 | +33.7% |
| Profit (loss) for the period | 9904 | €82,656 | €108,519 | +€25,863 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,656 | €108,519 | +€25,863 | +31.3% |
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 7 October 2026 via checked.be.