BLS: 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.
What changed
BLS
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€8,630
2024 · -€16,521+€7,891
Equity
€282,959
2024 · €291,589-€8,630
Cash
€4,762
2024 · €1,939+€2,823
Balance sheet total
€593,359
2024 · €568,364+€24,995
Largest movements
Assets
- Tangible fixed assets +€14,291
up €14,291 (+2.6%), from €560,401 to €574,692
of which Land and buildings: +€16,370
- Deferred charges and accrued income +€11,606
up €11,606 (+697.5%), from €1,664 to €13,269
Equity and liabilities
- Other debts +€67,379
up €67,379 (+1030.5%), from €6,538 to €73,917
- Debts after one year -€38,737
down €38,737 (-31.3%), from €123,865 to €85,128
- Accrued charges and deferred income +€18,150
up €18,150, from €0 to €18,150
- Trade debts -€9,945
down €9,945 (-16.4%), from €60,771 to €50,826
Income statement
- Turnover +€149,551
new in 2025: €149,551
- Purchases and services +€86,214
new in 2025: €86,214
- Gross operating margin +€6,452
up €6,452 (+10.2%), from €63,138 to €69,591
- Depreciation -€3,762
down €3,762 (-6.9%), from €54,475 to €50,713
- Financial charges +€1,730
up €1,730 (+23.1%), from €7,495 to €9,225
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
-€16,521
Gross operating margin
+€6,452
Staff costs
+€345
Depreciation
+€3,762
Other operating charges
-€939
Financial income
+€1
Financial charges
-€1,730
Result 2025
-€8,630
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.
From operations
+€105,342
Investment
-€65,005
Financing
-€37,514
Cash 2024
€1,939
From operations (derived)
+€105,342
Net result for the year
-€8,630
Depreciation
+€50,713
Receivables within one year
+€3,725
Deferred charges and accrued income
-€11,606
Provisions
-€1,751
Trade debts
-€9,945
Tax, wage and social debts
-€2,693
Other debts
+€67,379
Accrued charges and deferred income
+€18,150
Investment (derived)
-€65,005
Investment in fixed assets (net)
-€65,005
Financing
-€37,514
Debts after one year
-€38,737
Current portion of long-term debt
+€1,223
Cash 2025
€4,762
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €568,364 | €593,359 | +€24,995 | +4.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €560,651 | €574,942 | +€14,291 | +2.5% |
| Tangible fixed assets | 22/27 | €560,401 | €574,692 | +€14,291 | +2.6% |
| Land and buildings | 22 | €551,540 | €567,910 | +€16,370 | +3.0% |
| Plant, machinery and equipment | 23 | €6,498 | €5,769 | -€729 | -11.2% |
| Furniture and vehicles | 24 | €2,362 | €1,013 | -€1,349 | -57.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €7,713 | €18,416 | +€10,703 | +138.8% |
| Amounts receivable within one year | 40/41 | €4,110 | €385 | -€3,725 | -90.6% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €4,110 | €385 | -€3,725 | -90.6% |
| Cash at bank and in hand | 54/58 | €1,939 | €4,762 | +€2,823 | +145.6% |
| Deferred charges and accrued income | 490/1 | €1,664 | €13,269 | +€11,606 | +697.5% |
| Total equity and liabilities | 10/49 | €568,364 | €593,359 | +€24,995 | +4.4% |
| Equity | 10/15 | €291,589 | €282,959 | -€8,630 | -3.0% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Capital | 10 | €92,960 | €92,960 | = | 0.0% |
| Issued capital | 100 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €218,856 | €213,863 | -€4,993 | -2.3% |
| Non-distributable reserves | 130/1 | €9,296 | €9,296 | = | 0.0% |
| Legal reserve | 130 | €9,296 | €9,296 | = | 0.0% |
| Tax-exempt reserves | 132 | €129,139 | €124,146 | -€4,993 | -3.9% |
| Distributable reserves | 133 | €80,421 | €80,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,226 | -€23,864 | -€3,637 | -18.0% |
| Provisions and deferred taxes | 16 | €45,393 | €43,641 | -€1,751 | -3.9% |
| Deferred taxes | 168 | €45,393 | €43,641 | -€1,751 | -3.9% |
| Amounts payable | 17/49 | €231,382 | €266,758 | +€35,376 | +15.3% |
| Amounts payable after more than one year | 17 | €123,865 | €85,128 | -€38,737 | -31.3% |
| Financial debts | 170/4 | €123,865 | €85,128 | -€38,737 | -31.3% |
| Amounts payable within one year | 42/48 | €107,517 | €163,480 | +€55,963 | +52.1% |
| Current portion of amounts payable after more than one year | 42 | €37,514 | €38,737 | +€1,223 | +3.3% |
| Trade debts | 44 | €60,771 | €50,826 | -€9,945 | -16.4% |
| Suppliers | 440/4 | €60,771 | €50,826 | -€9,945 | -16.4% |
| Taxes, remuneration and social security | 45 | €2,693 | €0 | -€2,693 | -100.0% |
| Taxes | 450/3 | €2,693 | €0 | -€2,693 | -100.0% |
| Other amounts payable | 47/48 | €6,538 | €73,917 | +€67,379 | +1030.5% |
| Accrued charges and deferred income | 492/3 | €0 | €18,150 | +€18,150 | |
| Turnover | 70 | - | €149,551 | +€149,551 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €86,214 | +€86,214 | |
| Remuneration, social security and pensions | 62 | €345 | - | -€345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,475 | €50,713 | -€3,762 | -6.9% |
| Other operating charges | 640/8 | €19,095 | €20,035 | +€939 | +4.9% |
| Gross operating margin | 9900 | €63,138 | €69,591 | +€6,452 | +10.2% |
| Operating profit (loss) | 9901 | -€10,777 | -€1,157 | +€9,620 | +89.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €7,495 | €9,225 | +€1,730 | +23.1% |
| Recurring financial charges | 65 | €7,495 | €9,225 | +€1,730 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,272 | -€10,381 | +€7,891 | +43.2% |
| Transfer from deferred taxes | 780 | €1,751 | €1,751 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€16,521 | -€8,630 | +€7,891 | +47.8% |
| Transfer from tax-exempt reserves | 789 | €4,993 | €4,993 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,528 | -€3,637 | +€7,891 | +68.5% |
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 8 October 2026 via checked.be.