BLS FORCE: 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.
BLS FORCE
Largest movements
- Cash +€62,184
up €62,184 (+33.7%), from €184,390 to €246,575
mainly Net result for the year (+€46,639) and Depreciation (+€12,834)
- Tangible fixed assets -€12,834
down €12,834 (-36.2%), from €35,461 to €22,626
of which Furniture and vehicles: -€11,647
- Reserves +€43,696
up €43,696 (+20.6%), from €211,641 to €255,337
- Tax, wage and social debts +€5,666
up €5,666 (+69.9%), from €8,102 to €13,768
of which Remuneration and social security: +€3,410
- Gross operating margin +€21,968
up €21,968 (+39.6%), from €55,483 to €77,451
- Taxes +€6,048
up €6,048 (+48.8%), from €12,405 to €18,453
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €240,472 | €290,052 | +€49,580 | +20.6% |
| Fixed assets | 21/28 | €35,461 | €22,626 | -€12,834 | -36.2% |
| Tangible fixed assets | 22/27 | €35,461 | €22,626 | -€12,834 | -36.2% |
| Plant, machinery and equipment | 23 | €9,104 | €7,916 | -€1,188 | -13.0% |
| Furniture and vehicles | 24 | €26,357 | €14,710 | -€11,647 | -44.2% |
| Current assets | 29/58 | €205,011 | €267,426 | +€62,415 | +30.4% |
| Amounts receivable within one year | 40/41 | €18,758 | €18,930 | +€172 | +0.9% |
| Trade receivables | 40 | €15,875 | €18,930 | +€3,056 | +19.2% |
| Other amounts receivable | 41 | €2,884 | - | -€2,884 | |
| Cash at bank and in hand | 54/58 | €184,390 | €246,575 | +€62,184 | +33.7% |
| Deferred charges and accrued income | 490/1 | €1,863 | €1,921 | +€58 | +3.1% |
| Total equity and liabilities | 10/49 | €240,472 | €290,052 | +€49,580 | +20.6% |
| Equity | 10/15 | €230,191 | €273,887 | +€43,696 | +19.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €211,641 | €255,337 | +€43,696 | +20.6% |
| Distributable reserves | 133 | €211,641 | €255,337 | +€43,696 | +20.6% |
| Amounts payable | 17/49 | €10,281 | €16,166 | +€5,885 | +57.2% |
| Amounts payable within one year | 42/48 | €10,281 | €16,166 | +€5,885 | +57.2% |
| Trade debts | 44 | €1,373 | €1,436 | +€62 | +4.5% |
| Suppliers | 440/4 | €1,373 | €1,436 | +€62 | +4.5% |
| Taxes, remuneration and social security | 45 | €8,102 | €13,768 | +€5,666 | +69.9% |
| Taxes | 450/3 | €8,102 | €10,358 | +€2,256 | +27.8% |
| Remuneration and social security | 454/9 | - | €3,410 | +€3,410 | |
| Other amounts payable | 47/48 | €805 | €962 | +€156 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,670 | €12,834 | +€165 | +1.3% |
| Other operating charges | 640/8 | €427 | €511 | +€84 | +19.7% |
| Gross operating margin | 9900 | €55,483 | €77,451 | +€21,968 | +39.6% |
| Operating profit (loss) | 9901 | €42,387 | €64,106 | +€21,719 | +51.2% |
| Financial income | 75/76B | €1,374 | €1,064 | -€310 | -22.5% |
| Recurring financial income | 75 | €1,374 | €1,064 | -€310 | -22.5% |
| Financial charges | 65/66B | €76 | €78 | +€1 | +1.8% |
| Recurring financial charges | 65 | €76 | €78 | +€1 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €43,684 | €65,092 | +€21,408 | +49.0% |
| Income taxes | 67/77 | €12,405 | €18,453 | +€6,048 | +48.8% |
| Profit (loss) for the period | 9904 | €31,279 | €46,639 | +€15,360 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,279 | €46,639 | +€15,360 | +49.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.