BLS Painting: 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 Painting
Largest movements
- Receivables within one year +€47,557
up €47,557 (+81.4%), from €58,389 to €105,946
of which Trade receivables: +€44,475
- Cash -€19,316
down €19,316 (-22.9%), from €84,203 to €64,888
mainly Receivables within one year (-€47,557) and Investment in fixed assets (net) (-€15,785)
- Stocks and contracts -€6,124
down €6,124 (-48.3%), from €12,672 to €6,548
- Tangible fixed assets +€5,696
up €5,696 (+21.2%), from €26,894 to €32,590
of which Plant, machinery and equipment: +€5,345
- Reserves +€21,873
up €21,873 (+30.4%), from €71,980 to €93,853
- Tax, wage and social debts +€10,923
up €10,923 (+56.6%), from €19,305 to €30,228
of which Taxes: +€8,854
- Trade debts -€6,940
down €6,940 (-13.8%), from €50,364 to €43,423
- Other debts +€3,533
up €3,533 (+10.8%), from €32,801 to €36,334
- Staff costs +€22,704
up €22,704 (+49.6%), from €45,750 to €68,454
- Gross operating margin -€17,090
down €17,090 (-13.2%), from €129,343 to €112,253
- Taxes -€10,309
down €10,309 (-53.8%), from €19,163 to €8,854
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,470 | €213,859 | +€29,389 | +15.9% |
| Fixed assets | 21/28 | €26,894 | €32,590 | +€5,696 | +21.2% |
| Tangible fixed assets | 22/27 | €26,894 | €32,590 | +€5,696 | +21.2% |
| Plant, machinery and equipment | 23 | €3,358 | €8,703 | +€5,345 | +159% |
| Furniture and vehicles | 24 | €23,536 | €23,887 | +€351 | +1.5% |
| Current assets | 29/58 | €157,576 | €181,269 | +€23,693 | +15.0% |
| Stocks and contracts in progress | 3 | €12,672 | €6,548 | -€6,124 | -48.3% |
| Stocks | 30/36 | €12,672 | €6,548 | -€6,124 | -48.3% |
| Amounts receivable within one year | 40/41 | €58,389 | €105,946 | +€47,557 | +81.4% |
| Trade receivables | 40 | €56,800 | €101,275 | +€44,475 | +78.3% |
| Other amounts receivable | 41 | €1,589 | €4,671 | +€3,082 | +194% |
| Cash at bank and in hand | 54/58 | €84,203 | €64,888 | -€19,316 | -22.9% |
| Deferred charges and accrued income | 490/1 | €2,312 | €3,888 | +€1,576 | +68.2% |
| Total equity and liabilities | 10/49 | €184,470 | €213,859 | +€29,389 | +15.9% |
| Equity | 10/15 | €74,980 | €96,853 | +€21,873 | +29.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,980 | €93,853 | +€21,873 | +30.4% |
| Distributable reserves | 133 | €71,980 | €93,853 | +€21,873 | +30.4% |
| Amounts payable | 17/49 | €109,490 | €117,006 | +€7,516 | +6.9% |
| Amounts payable within one year | 42/48 | €109,490 | €117,006 | +€7,516 | +6.9% |
| Trade debts | 44 | €50,364 | €43,423 | -€6,940 | -13.8% |
| Suppliers | 440/4 | €50,364 | €43,423 | -€6,940 | -13.8% |
| Advances received on contracts in progress | 46 | €7,020 | €7,020 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,305 | €30,228 | +€10,923 | +56.6% |
| Taxes | 450/3 | €19,290 | €28,143 | +€8,854 | +45.9% |
| Remuneration and social security | 454/9 | €15 | €2,085 | +€2,069 | +13,447% |
| Other amounts payable | 47/48 | €32,801 | €36,334 | +€3,533 | +10.8% |
| Remuneration, social security and pensions | 62 | €45,750 | €68,454 | +€22,704 | +49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,249 | €10,089 | +€841 | +9.1% |
| Other operating charges | 640/8 | €2,108 | €2,781 | +€673 | +31.9% |
| Gross operating margin | 9900 | €129,343 | €112,253 | -€17,090 | -13.2% |
| Operating profit (loss) | 9901 | €72,236 | €30,928 | -€41,308 | -57.2% |
| Financial income | 75/76B | €384 | €2 | -€382 | -99.4% |
| Recurring financial income | 75 | €384 | €2 | -€382 | -99.4% |
| Financial charges | 65/66B | €71 | €204 | +€133 | +187% |
| Recurring financial charges | 65 | €71 | €204 | +€133 | +187% |
| Profit (loss) for the period before taxes | 9903 | €72,549 | €30,727 | -€41,823 | -57.6% |
| Income taxes | 67/77 | €19,163 | €8,854 | -€10,309 | -53.8% |
| Profit (loss) for the period | 9904 | €53,386 | €21,873 | -€31,513 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,386 | €21,873 | -€31,513 | -59.0% |
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 30 October 2026 via checked.be.