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.
BLS
Largest movements
- Tangible fixed assets -€19,599
down €19,599 (-36.5%), from €53,683 to €34,084
of which Furniture and vehicles: -€16,298
- Receivables within one year -€14,088
down €14,088 (-99.7%), from €14,134 to €46
- Cash +€5,652
up €5,652 (+172.0%), from €3,286 to €8,937
mainly Net result for the year (+€16,538) and Depreciation (+€14,923)
- Trade debts -€30,954
down €30,954 (-95.0%), from €32,573 to €1,620
- Profit (loss) carried forward +€15,538
up €15,538, from -€14,894 to €644
- Other debts -€9,791
down €9,791 (-42.7%), from €22,933 to €13,142
- Debts after one year -€7,470
down €7,470 (-35.4%), from €21,119 to €13,649
- Tax, wage and social debts +€4,548
up €4,548 (+85.0%), from €5,350 to €9,898
- Gross operating margin +€29,135
up €29,135 (+227.1%), from €12,831 to €41,967
- Other operating charges +€4,221
up €4,221 (+581.8%), from €726 to €4,947
- Taxes +€4,047
new in 2025: €4,047
- Depreciation +€920
up €920 (+6.6%), from €14,003 to €14,923
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 | €77,002 | €49,523 | -€27,479 | -35.7% |
| Fixed assets | 21/28 | €58,483 | €38,884 | -€19,599 | -33.5% |
| Tangible fixed assets | 22/27 | €53,683 | €34,084 | -€19,599 | -36.5% |
| Plant, machinery and equipment | 23 | €8,061 | €4,759 | -€3,302 | -41.0% |
| Furniture and vehicles | 24 | €45,623 | €29,325 | -€16,298 | -35.7% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €18,518 | €10,639 | -€7,879 | -42.5% |
| Stocks and contracts in progress | 3 | €1,099 | €1,655 | +€557 | +50.7% |
| Stocks | 30/36 | €1,099 | €1,655 | +€557 | +50.7% |
| Amounts receivable within one year | 40/41 | €14,134 | €46 | -€14,088 | -99.7% |
| Trade receivables | 40 | €14,134 | €46 | -€14,088 | -99.7% |
| Cash at bank and in hand | 54/58 | €3,286 | €8,937 | +€5,652 | +172.0% |
| Total equity and liabilities | 10/49 | €77,002 | €49,523 | -€27,479 | -35.7% |
| Equity | 10/15 | -€13,094 | €3,444 | +€16,538 | |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Reserves | 13 | - | €1,000 | +€1,000 | |
| Distributable reserves | 133 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | -€14,894 | €644 | +€15,538 | |
| Amounts payable | 17/49 | €90,096 | €46,079 | -€44,017 | -48.9% |
| Amounts payable after more than one year | 17 | €21,119 | €13,649 | -€7,470 | -35.4% |
| Financial debts | 170/4 | €21,119 | €13,649 | -€7,470 | -35.4% |
| Amounts payable within one year | 42/48 | €68,977 | €32,130 | -€36,847 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €8,120 | €7,470 | -€650 | -8.0% |
| Trade debts | 44 | €32,573 | €1,620 | -€30,954 | -95.0% |
| Suppliers | 440/4 | €32,573 | €1,620 | -€30,954 | -95.0% |
| Taxes, remuneration and social security | 45 | €5,350 | €9,898 | +€4,548 | +85.0% |
| Taxes | 450/3 | €5,350 | €9,898 | +€4,548 | +85.0% |
| Other amounts payable | 47/48 | €22,933 | €13,142 | -€9,791 | -42.7% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,003 | €14,923 | +€920 | +6.6% |
| Other operating charges | 640/8 | €726 | €4,947 | +€4,221 | +581.8% |
| Gross operating margin | 9900 | €12,831 | €41,967 | +€29,135 | +227.1% |
| Operating profit (loss) | 9901 | -€1,897 | €22,097 | +€23,994 | |
| Financial income | 75/76B | - | €156 | +€156 | |
| Recurring financial income | 75 | - | €156 | +€156 | |
| Financial charges | 65/66B | €1,834 | €1,668 | -€166 | -9.1% |
| Recurring financial charges | 65 | €1,834 | €1,668 | -€166 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,731 | €20,585 | +€24,316 | |
| Income taxes | 67/77 | - | €4,047 | +€4,047 | |
| Profit (loss) for the period | 9904 | -€3,731 | €16,538 | +€20,270 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,731 | €16,538 | +€20,270 |
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 9 October 2026 via checked.be.