BLVCK: 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.
BLVCK
Largest movements
- Receivables within one year +€347,726
up €347,726 (+113.8%), from €305,603 to €653,329
of which Trade receivables: +€338,734
- Cash -€194,995
down €194,995 (-91.5%), from €213,064 to €18,069
mainly Receivables within one year (-€347,726) and Trade debts (-€103,033)
- Intangible fixed assets -€31,394
down €31,394 (-58.9%), from €53,293 to €21,899
- Other debts +€179,026
new in 2025: €179,026
- Trade debts -€103,033
down €103,033 (-96.9%), from €106,275 to €3,242
- Reserves +€33,448
up €33,448 (+8.4%), from €397,304 to €430,752
- Tax, wage and social debts +€11,596
up €11,596 (+157.1%), from €7,382 to €18,977
- Gross operating margin -€44,648
down €44,648 (-36.2%), from €123,190 to €78,543
- Depreciation -€21,137
down €21,137 (-40.0%), from €52,802 to €31,665
- Financial income -€17,510
down €17,510 (-82.1%), from €21,316 to €3,806
- Other operating charges -€4,781
down €4,781 (-92.5%), from €5,169 to €387
- Financial charges -€1,958
down €1,958 (-89.9%), from €2,179 to €221
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 | €572,260 | €693,297 | +€121,036 | +21.2% |
| Fixed assets | 21/28 | €53,563 | €21,899 | -€31,665 | -59.1% |
| Intangible fixed assets | 21 | €53,293 | €21,899 | -€31,394 | -58.9% |
| Tangible fixed assets | 22/27 | €271 | - | -€271 | |
| Furniture and vehicles | 24 | €271 | - | -€271 | |
| Current assets | 29/58 | €518,697 | €671,398 | +€152,701 | +29.4% |
| Amounts receivable within one year | 40/41 | €305,603 | €653,329 | +€347,726 | +113.8% |
| Trade receivables | 40 | €265,141 | €603,875 | +€338,734 | +127.8% |
| Other amounts receivable | 41 | €40,461 | €49,454 | +€8,993 | +22.2% |
| Cash at bank and in hand | 54/58 | €213,064 | €18,069 | -€194,995 | -91.5% |
| Deferred charges and accrued income | 490/1 | €30 | - | -€30 | |
| Total equity and liabilities | 10/49 | €572,260 | €693,297 | +€121,036 | +21.2% |
| Equity | 10/15 | €415,904 | €449,352 | +€33,448 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €397,304 | €430,752 | +€33,448 | +8.4% |
| Distributable reserves | 133 | €397,304 | €430,752 | +€33,448 | +8.4% |
| Amounts payable | 17/49 | €156,356 | €243,945 | +€87,589 | +56.0% |
| Amounts payable after more than one year | 17 | €42,700 | €42,700 | = | 0.0% |
| Financial debts | 170/4 | €42,700 | €42,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €113,656 | €201,245 | +€87,589 | +77.1% |
| Trade debts | 44 | €106,275 | €3,242 | -€103,033 | -96.9% |
| Suppliers | 440/4 | €106,275 | €3,242 | -€103,033 | -96.9% |
| Taxes, remuneration and social security | 45 | €7,382 | €18,977 | +€11,596 | +157.1% |
| Taxes | 450/3 | €7,382 | €18,977 | +€11,596 | +157.1% |
| Other amounts payable | 47/48 | - | €179,026 | +€179,026 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,802 | €31,665 | -€21,137 | -40.0% |
| Other operating charges | 640/8 | €5,169 | €387 | -€4,781 | -92.5% |
| Gross operating margin | 9900 | €123,190 | €78,543 | -€44,648 | -36.2% |
| Operating profit (loss) | 9901 | €65,220 | €46,491 | -€18,729 | -28.7% |
| Financial income | 75/76B | €21,316 | €3,806 | -€17,510 | -82.1% |
| Recurring financial income | 75 | €21,316 | €3,806 | -€17,510 | -82.1% |
| Financial charges | 65/66B | €2,179 | €221 | -€1,958 | -89.9% |
| Recurring financial charges | 65 | €2,179 | €221 | -€1,958 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €84,357 | €50,076 | -€34,281 | -40.6% |
| Income taxes | 67/77 | €16,620 | €16,598 | -€22 | -0.1% |
| Profit (loss) for the period | 9904 | €67,737 | €33,478 | -€34,259 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,737 | €33,478 | -€34,259 | -50.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.