BLT Construct: 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 Construct
Largest movements
- Cash -€2,840
down €2,840 (-26.6%), from €10,665 to €7,825
mainly Net result for the year (-€4,393) and Investment in fixed assets (net) (-€4,296)
- Receivables within one year +€2,476
up €2,476 (+15.9%), from €15,608 to €18,084
of which Trade receivables: +€3,365
- Tangible fixed assets +€1,416
up €1,416 (+77.0%), from €1,840 to €3,256
of which Furniture and vehicles: +€1,609
- Deferred charges and accrued income -€600
down €600 (-46.8%), from €1,281 to €681
- Stocks and contracts -€390
down €390 (-35.3%), from €1,105 to €715
- Profit (loss) carried forward -€4,393
down €4,393 (-25.0%), from €17,546 to €13,153
- Tax, wage and social debts +€2,202
up €2,202 (+23.3%), from €9,452 to €11,654
- Trade debts +€2,099
up €2,099 (+419%), from €501 to €2,600
- Gross operating margin +€1,211
up €1,211 (+1,730%), from €70 to €1,280
- Other operating charges +€942
up €942 (+98.6%), from €955 to €1,897
- Taxes +€662
up €662 (+1,881%), from €35 to €697
- Depreciation +€576
up €576 (+25.0%), from €2,303 to €2,880
- Financial charges -€139
down €139 (-41.0%), from €339 to €200
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 | €30,499 | €30,561 | +€62 | +0.2% |
| Fixed assets | 21/28 | €1,840 | €3,256 | +€1,416 | +77.0% |
| Tangible fixed assets | 22/27 | €1,840 | €3,256 | +€1,416 | +77.0% |
| Plant, machinery and equipment | 23 | €1,116 | €923 | -€193 | -17.3% |
| Furniture and vehicles | 24 | €724 | €2,333 | +€1,609 | +222% |
| Current assets | 29/58 | €28,660 | €27,305 | -€1,354 | -4.7% |
| Stocks and contracts in progress | 3 | €1,105 | €715 | -€390 | -35.3% |
| Stocks | 30/36 | €1,105 | €715 | -€390 | -35.3% |
| Amounts receivable within one year | 40/41 | €15,608 | €18,084 | +€2,476 | +15.9% |
| Trade receivables | 40 | €9,900 | €13,265 | +€3,365 | +34.0% |
| Other amounts receivable | 41 | €5,708 | €4,819 | -€889 | -15.6% |
| Cash at bank and in hand | 54/58 | €10,665 | €7,825 | -€2,840 | -26.6% |
| Deferred charges and accrued income | 490/1 | €1,281 | €681 | -€600 | -46.8% |
| Total equity and liabilities | 10/49 | €30,499 | €30,561 | +€62 | +0.2% |
| Equity | 10/15 | €20,546 | €16,153 | -€4,393 | -21.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,546 | €13,153 | -€4,393 | -25.0% |
| Amounts payable | 17/49 | €9,953 | €14,409 | +€4,455 | +44.8% |
| Amounts payable within one year | 42/48 | €9,953 | €14,409 | +€4,455 | +44.8% |
| Trade debts | 44 | €501 | €2,600 | +€2,099 | +419% |
| Suppliers | 440/4 | €501 | €2,600 | +€2,099 | +419% |
| Taxes, remuneration and social security | 45 | €9,452 | €11,654 | +€2,202 | +23.3% |
| Taxes | 450/3 | €9,452 | €11,654 | +€2,202 | +23.3% |
| Other amounts payable | 47/48 | - | €154 | +€154 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,303 | €2,880 | +€576 | +25.0% |
| Other operating charges | 640/8 | €955 | €1,897 | +€942 | +98.6% |
| Gross operating margin | 9900 | €70 | €1,280 | +€1,211 | +1,730% |
| Operating profit (loss) | 9901 | -€3,188 | -€3,496 | -€308 | -9.6% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €339 | €200 | -€139 | -41.0% |
| Recurring financial charges | 65 | €339 | €200 | -€139 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,525 | -€3,696 | -€171 | -4.8% |
| Income taxes | 67/77 | €35 | €697 | +€662 | +1,881% |
| Profit (loss) for the period | 9904 | -€3,560 | -€4,393 | -€833 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,560 | -€4,393 | -€833 | -23.4% |
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 16 October 2026 via checked.be.