BLOVER: 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.
BLOVER
Largest movements
- Tangible fixed assets -€11,200
down €11,200 (-7.8%), from €144,498 to €133,298
- Cash +€2,224
up €2,224 (+35.5%), from €6,262 to €8,485
mainly Depreciation (+€11,200) and Net result for the year (+€11,024)
- Debts after one year -€22,225
down €22,225 (-23.6%), from €94,053 to €71,829
of which Financial debts: -€22,225
- Reserves +€11,024
up €11,024 (+20.9%), from €52,795 to €63,819
of which Distributable reserves: +€11,024
- Gross operating margin +€2,703
up €2,703 (+8.5%), from €31,751 to €34,453
- Taxes +€2,290
up €2,290 (+60.6%), from €3,779 to €6,068
- Financial charges -€651
down €651 (-22.1%), from €2,939 to €2,289
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 | €187,881 | €178,284 | -€9,598 | -5.1% |
| Fixed assets | 21/28 | €144,498 | €133,298 | -€11,200 | -7.8% |
| Tangible fixed assets | 22/27 | €144,498 | €133,298 | -€11,200 | -7.8% |
| Land and buildings | 22 | €144,498 | €133,298 | -€11,200 | -7.8% |
| Current assets | 29/58 | €43,383 | €44,985 | +€1,602 | +3.7% |
| Amounts receivable within one year | 40/41 | €37,121 | €36,500 | -€621 | -1.7% |
| Other amounts receivable | 41 | €37,121 | €36,500 | -€621 | -1.7% |
| Cash at bank and in hand | 54/58 | €6,262 | €8,485 | +€2,224 | +35.5% |
| Total equity and liabilities | 10/49 | €187,881 | €178,284 | -€9,598 | -5.1% |
| Equity | 10/15 | €72,292 | €83,316 | +€11,024 | +15.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €52,795 | €63,819 | +€11,024 | +20.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €52,795 | €63,819 | +€11,024 | +20.9% |
| Profit (loss) carried forward | 14 | €948 | €948 | = | 0.0% |
| Amounts payable | 17/49 | €115,589 | €94,968 | -€20,621 | -17.8% |
| Amounts payable after more than one year | 17 | €94,053 | €71,829 | -€22,225 | -23.6% |
| Financial debts | 170/4 | €49,053 | €26,829 | -€22,225 | -45.3% |
| Other amounts payable | 178/9 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,536 | €23,139 | +€1,603 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €21,536 | €22,225 | +€689 | +3.2% |
| Trade debts | 44 | - | €39 | +€39 | |
| Suppliers | 440/4 | - | €39 | +€39 | |
| Taxes, remuneration and social security | 45 | €0 | €875 | +€875 | |
| Taxes | 450/3 | €0 | €875 | +€875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,200 | €11,200 | = | 0.0% |
| Other operating charges | 640/8 | €3,757 | €3,873 | +€116 | +3.1% |
| Gross operating margin | 9900 | €31,751 | €34,453 | +€2,703 | +8.5% |
| Operating profit (loss) | 9901 | €16,794 | €19,380 | +€2,587 | +15.4% |
| Financial charges | 65/66B | €2,939 | €2,289 | -€651 | -22.1% |
| Recurring financial charges | 65 | €2,939 | €2,289 | -€651 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €13,855 | €17,092 | +€3,237 | +23.4% |
| Income taxes | 67/77 | €3,779 | €6,068 | +€2,290 | +60.6% |
| Profit (loss) for the period | 9904 | €10,076 | €11,024 | +€948 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,076 | €11,024 | +€948 | +9.4% |
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 28 September 2026 via checked.be.