BLV Construct: 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.
BLV Construct
Largest movements
- Receivables within one year -€14,641
down €14,641 (-92.1%), from €15,894 to €1,254
of which Trade receivables: -€14,610
- Cash +€2,900
up €2,900 (+110.9%), from €2,615 to €5,515
mainly Net result for the year (+€27,351) and Receivables within one year (+€14,641)
- Tangible fixed assets +€1,468
new in 2025: €1,468
- Trade debts -€39,083
down €39,083 (-98.9%), from €39,532 to €449
- Profit (loss) carried forward +€27,351
up €27,351 (+49.4%), from -€55,343 to -€27,992
- Tax, wage and social debts +€4,103
up €4,103 (+352.4%), from €1,164 to €5,267
- Other debts -€2,771
down €2,771 (-13.3%), from €20,910 to €18,139
- Gross operating margin +€41,654
up €41,654, from -€7,195 to €34,459
- Taxes +€5,259
up €5,259 (+2463.4%), from €213 to €5,472
- Other operating charges -€1,509
down €1,509 (-57.6%), from €2,619 to €1,110
- Depreciation +€495
new in 2025: €495
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 | €18,936 | €8,535 | -€10,401 | -54.9% |
| Fixed assets | 21/28 | - | €1,468 | +€1,468 | |
| Tangible fixed assets | 22/27 | - | €1,468 | +€1,468 | |
| Furniture and vehicles | 24 | - | €1,468 | +€1,468 | |
| Current assets | 29/58 | €18,936 | €7,068 | -€11,868 | -62.7% |
| Amounts receivable within one year | 40/41 | €15,894 | €1,254 | -€14,641 | -92.1% |
| Trade receivables | 40 | €15,549 | €939 | -€14,610 | -94.0% |
| Other amounts receivable | 41 | €345 | €315 | -€30 | -8.8% |
| Cash at bank and in hand | 54/58 | €2,615 | €5,515 | +€2,900 | +110.9% |
| Deferred charges and accrued income | 490/1 | €427 | €300 | -€127 | -29.8% |
| Total equity and liabilities | 10/49 | €18,936 | €8,535 | -€10,401 | -54.9% |
| Equity | 10/15 | -€42,671 | -€15,320 | +€27,351 | +64.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €272 | €272 | = | 0.0% |
| Non-distributable reserves | 130/1 | €272 | €272 | = | 0.0% |
| Reserves not available under the articles | 1311 | €272 | €272 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,343 | -€27,992 | +€27,351 | +49.4% |
| Amounts payable | 17/49 | €61,607 | €23,855 | -€37,752 | -61.3% |
| Amounts payable within one year | 42/48 | €61,607 | €23,855 | -€37,752 | -61.3% |
| Trade debts | 44 | €39,532 | €449 | -€39,083 | -98.9% |
| Suppliers | 440/4 | €39,532 | €449 | -€39,083 | -98.9% |
| Taxes, remuneration and social security | 45 | €1,164 | €5,267 | +€4,103 | +352.4% |
| Taxes | 450/3 | €1,164 | €5,267 | +€4,103 | +352.4% |
| Other amounts payable | 47/48 | €20,910 | €18,139 | -€2,771 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €495 | +€495 | |
| Other operating charges | 640/8 | €2,619 | €1,110 | -€1,509 | -57.6% |
| Gross operating margin | 9900 | -€7,195 | €34,459 | +€41,654 | |
| Operating profit (loss) | 9901 | -€9,814 | €32,854 | +€42,668 | |
| Financial income | 75/76B | €0 | €9 | +€9 | +10244.4% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +10244.4% |
| Financial charges | 65/66B | €242 | €40 | -€201 | -83.3% |
| Recurring financial charges | 65 | €242 | €40 | -€201 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,055 | €32,823 | +€42,879 | |
| Income taxes | 67/77 | €213 | €5,472 | +€5,259 | +2463.4% |
| Profit (loss) for the period | 9904 | -€10,269 | €27,351 | +€37,620 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,269 | €27,351 | +€37,620 |
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 7 October 2026 via checked.be.