BLOVAN: 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.
What changed
BLOVAN
NACE 46.341, Wholesale of wines and spirits
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4,614
2024 · €308-€4,922
Equity
€28,284
2024 · €32,898-€4,614
Cash
€2,625
2024 · €1,913+€712
Balance sheet total
€765,265
2024 · €795,741-€30,476
Largest movements
Assets
- Tangible fixed assets -€25,724
down €25,724 (-9.1%), from €282,841 to €257,117
of which Land and buildings: -€23,420
- Receivables within one year -€9,786
down €9,786 (-38.4%), from €25,498 to €15,712
Equity and liabilities
- Debts after one year -€46,616
down €46,616 (-13.7%), from €341,465 to €294,849
- Tax, wage and social debts +€24,814
up €24,814 (+47.6%), from €52,100 to €76,914
of which Taxes: +€17,614
- Trade debts -€14,353
down €14,353 (-8.5%), from €168,280 to €153,927
- Short-term financial debts +€9,453
up €9,453 (+5.4%), from €175,000 to €184,453
Income statement
- Gross operating margin -€3,296
down €3,296 (-6.0%), from €54,672 to €51,376
- Financial charges -€940
down €940 (-4.7%), from €20,070 to €19,130
- Write-downs +€556
new in 2025: €556
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.
Result 2024
€308
Gross operating margin
-€3,296
Depreciation
+€145
Write-downs
-€556
Other operating charges
-€199
Other operating items
-€2,060
Financial income
+€110
Financial charges
+€940
Taxes
-€7
Result 2025
-€4,614
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€39,755
Investment
-€1,844
Financing
-€37,199
Cash 2024
€1,913
From operations (derived)
+€39,755
Net result for the year
-€4,614
Depreciation
+€28,498
Stocks and contracts
-€5,186
Receivables within one year
+€9,786
Deferred charges and accrued income
-€66
Trade debts
-€14,353
Tax, wage and social debts
+€24,814
Other debts
+€877
Investment (derived)
-€1,844
Investment in fixed assets (net)
-€1,844
Financing
-€37,199
Debts after one year
-€46,616
Current portion of long-term debt
-€36
Short-term financial debts
+€9,453
Cash 2025
€2,625
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €795,741 | €765,265 | -€30,476 | -3.8% |
| Fixed assets | 21/28 | €285,880 | €259,225 | -€26,654 | -9.3% |
| Intangible fixed assets | 21 | €1,097 | €166 | -€930 | -84.8% |
| Tangible fixed assets | 22/27 | €282,841 | €257,117 | -€25,724 | -9.1% |
| Land and buildings | 22 | €271,901 | €248,481 | -€23,420 | -8.6% |
| Plant, machinery and equipment | 23 | €9,417 | €8,636 | -€781 | -8.3% |
| Furniture and vehicles | 24 | €1,523 | - | -€1,523 | |
| Financial fixed assets | 28 | €1,942 | €1,942 | = | 0.0% |
| Current assets | 29/58 | €509,861 | €506,040 | -€3,822 | -0.7% |
| Stocks and contracts in progress | 3 | €480,705 | €485,891 | +€5,186 | +1.1% |
| Stocks | 30/36 | €480,705 | €485,891 | +€5,186 | +1.1% |
| Amounts receivable within one year | 40/41 | €25,498 | €15,712 | -€9,786 | -38.4% |
| Trade receivables | 40 | €25,498 | €15,712 | -€9,786 | -38.4% |
| Cash at bank and in hand | 54/58 | €1,913 | €2,625 | +€712 | +37.2% |
| Deferred charges and accrued income | 490/1 | €1,746 | €1,812 | +€66 | +3.8% |
| Total equity and liabilities | 10/49 | €795,741 | €765,265 | -€30,476 | -3.8% |
| Equity | 10/15 | €32,898 | €28,284 | -€4,614 | -14.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,306 | €9,692 | -€4,614 | -32.3% |
| Distributable reserves | 133 | €14,306 | €9,692 | -€4,614 | -32.3% |
| Amounts payable | 17/49 | €762,843 | €736,981 | -€25,862 | -3.4% |
| Amounts payable after more than one year | 17 | €341,465 | €294,849 | -€46,616 | -13.7% |
| Financial debts | 170/4 | €341,465 | €294,849 | -€46,616 | -13.7% |
| Amounts payable within one year | 42/48 | €421,377 | €442,132 | +€20,754 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €24,412 | €24,376 | -€36 | -0.1% |
| Financial debts | 43 | €175,000 | €184,453 | +€9,453 | +5.4% |
| Credit institutions | 430/8 | €175,000 | €184,453 | +€9,453 | +5.4% |
| Trade debts | 44 | €168,280 | €153,927 | -€14,353 | -8.5% |
| Suppliers | 440/4 | €168,280 | €153,927 | -€14,353 | -8.5% |
| Taxes, remuneration and social security | 45 | €52,100 | €76,914 | +€24,814 | +47.6% |
| Taxes | 450/3 | €37,700 | €55,314 | +€17,614 | +46.7% |
| Remuneration and social security | 454/9 | €14,400 | €21,600 | +€7,200 | +50.0% |
| Other amounts payable | 47/48 | €1,585 | €2,462 | +€877 | +55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,643 | €28,498 | -€145 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €556 | +€556 | |
| Other operating charges | 640/8 | €5,503 | €5,702 | +€199 | +3.6% |
| Non-recurring operating charges | 66A | - | €2,060 | +€2,060 | |
| Gross operating margin | 9900 | €54,672 | €51,376 | -€3,296 | -6.0% |
| Operating profit (loss) | 9901 | €20,526 | €14,561 | -€5,965 | -29.1% |
| Financial income | 75/76B | €63 | €174 | +€110 | +173% |
| Recurring financial income | 75 | €63 | €174 | +€110 | +173% |
| Financial charges | 65/66B | €20,070 | €19,130 | -€940 | -4.7% |
| Recurring financial charges | 65 | €20,070 | €19,130 | -€940 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €520 | -€4,396 | -€4,915 | |
| Income taxes | 67/77 | €212 | €219 | +€7 | +3.1% |
| Profit (loss) for the period | 9904 | €308 | -€4,614 | -€4,922 | |
| Profit (loss) for the period to be appropriated | 9905 | €308 | -€4,614 | -€4,922 |
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 18 October 2026 via checked.be.