BLT: 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.
BLT
Largest movements
- Receivables within one year +€3,143
up €3,143 (+73.5%), from €4,275 to €7,417
of which Trade receivables: +€3,736
- Deferred charges and accrued income -€1,909
down €1,909 (-31.0%), from €6,155 to €4,246
- Tangible fixed assets -€1,375
down €1,375 (-15.6%), from €8,811 to €7,436
of which Other tangible fixed assets: -€1,496
- Cash -€783
down €783 (-8.8%), from €8,881 to €8,098
mainly Receivables within one year (-€3,143) and Investment in fixed assets (net) (-€1,528)
- Accrued charges and deferred income -€814
down €814 (-100.0%), from €814 to €0
- Trade debts +€573
up €573 (+39.0%), from €1,470 to €2,043
- Profit (loss) carried forward -€458
down €458 (-18.9%), from -€2,428 to -€2,887
- Gross operating margin +€1,591
up €1,591 (+56.5%), from €2,815 to €4,405
- Taxes +€607
up €607 (+149.5%), from €406 to €1,013
- Financial income -€345
down €345 (-100.0%), from €345 to €0
- Financial charges +€293
up €293 (+121.6%), from €241 to €534
- Other operating charges -€256
down €256 (-38.2%), from €671 to €414
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 | €28,122 | €27,198 | -€924 | -3.3% |
| Fixed assets | 21/28 | €8,811 | €7,436 | -€1,375 | -15.6% |
| Tangible fixed assets | 22/27 | €8,811 | €7,436 | -€1,375 | -15.6% |
| Plant, machinery and equipment | 23 | €3,058 | €3,179 | +€121 | +4.0% |
| Other tangible fixed assets | 26 | €5,753 | €4,258 | -€1,496 | -26.0% |
| Current assets | 29/58 | €19,310 | €19,762 | +€451 | +2.3% |
| Amounts receivable within one year | 40/41 | €4,275 | €7,417 | +€3,143 | +73.5% |
| Trade receivables | 40 | €3,681 | €7,417 | +€3,736 | +101.5% |
| Other amounts receivable | 41 | €594 | €0 | -€594 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,881 | €8,098 | -€783 | -8.8% |
| Deferred charges and accrued income | 490/1 | €6,155 | €4,246 | -€1,909 | -31.0% |
| Total equity and liabilities | 10/49 | €28,122 | €27,198 | -€924 | -3.3% |
| Equity | 10/15 | €22,168 | €21,709 | -€458 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,996 | €5,996 | = | 0.0% |
| Distributable reserves | 133 | €5,996 | €5,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,428 | -€2,887 | -€458 | -18.9% |
| Amounts payable | 17/49 | €5,954 | €5,489 | -€465 | -7.8% |
| Amounts payable within one year | 42/48 | €5,140 | €5,489 | +€349 | +6.8% |
| Trade debts | 44 | €1,470 | €2,043 | +€573 | +39.0% |
| Suppliers | 440/4 | €1,470 | €2,043 | +€573 | +39.0% |
| Taxes, remuneration and social security | 45 | €2,046 | €1,821 | -€225 | -11.0% |
| Taxes | 450/3 | €2,046 | €1,821 | -€225 | -11.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,624 | €1,624 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €814 | €0 | -€814 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,689 | €2,903 | +€214 | +8.0% |
| Other operating charges | 640/8 | €671 | €414 | -€256 | -38.2% |
| Gross operating margin | 9900 | €2,815 | €4,405 | +€1,591 | +56.5% |
| Operating profit (loss) | 9901 | -€545 | €1,089 | +€1,633 | |
| Financial income | 75/76B | €345 | €0 | -€345 | -100.0% |
| Recurring financial income | 75 | €345 | €0 | -€345 | -100.0% |
| Financial charges | 65/66B | €241 | €534 | +€293 | +121.6% |
| Recurring financial charges | 65 | €241 | €534 | +€293 | +121.6% |
| Profit (loss) for the period before taxes | 9903 | -€440 | €555 | +€995 | |
| Income taxes | 67/77 | €406 | €1,013 | +€607 | +149.5% |
| Profit (loss) for the period | 9904 | -€846 | -€458 | +€388 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€846 | -€458 | +€388 | +45.9% |
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 10 October 2026 via checked.be.