BLVM: 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.
BLVM
Largest movements
- Cash -€6,980
down €6,980 (-69.2%), from €10,083 to €3,103
mainly Net result for the year (-€12,734) and Investment in fixed assets (net) (-€3,219)
- Tangible fixed assets -€6,654
down €6,654 (-2.5%), from €264,500 to €257,846
- Profit (loss) carried forward -€12,734
down €12,734 (-61.8%), from -€20,615 to -€33,349
- Depreciation -€6,876
down €6,876 (-40.1%), from €17,167 to €10,291
- Other operating charges -€1,157
down €1,157 (-74.3%), from €1,556 to €400
- Gross operating margin -€205
down €205 (-11.4%), from -€1,796 to -€2,001
- Financial charges -€53
down €53 (-55.8%), from €95 to €42
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 | €276,199 | €263,103 | -€13,096 | -4.7% |
| Formation expenses | 20 | €1,494 | €1,076 | -€418 | -28.0% |
| Fixed assets | 21/28 | €264,500 | €257,846 | -€6,654 | -2.5% |
| Tangible fixed assets | 22/27 | €264,500 | €257,846 | -€6,654 | -2.5% |
| Land and buildings | 22 | €264,500 | €257,846 | -€6,654 | -2.5% |
| Current assets | 29/58 | €10,205 | €4,181 | -€6,024 | -59.0% |
| Amounts receivable within one year | 40/41 | €122 | €1,078 | +€956 | +783.5% |
| Other amounts receivable | 41 | €122 | €1,078 | +€956 | +783.5% |
| Cash at bank and in hand | 54/58 | €10,083 | €3,103 | -€6,980 | -69.2% |
| Total equity and liabilities | 10/49 | €276,199 | €263,103 | -€13,096 | -4.7% |
| Equity | 10/15 | -€10,615 | -€23,349 | -€12,734 | -120.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,615 | -€33,349 | -€12,734 | -61.8% |
| Amounts payable | 17/49 | €286,814 | €286,452 | -€362 | -0.1% |
| Amounts payable after more than one year | 17 | €286,030 | €286,205 | +€175 | +0.1% |
| Other amounts payable | 178/9 | €286,030 | €286,205 | +€175 | +0.1% |
| Amounts payable within one year | 42/48 | €742 | €205 | -€537 | -72.3% |
| Trade debts | 44 | €742 | €205 | -€537 | -72.3% |
| Suppliers | 440/4 | €742 | €205 | -€537 | -72.3% |
| Accrued charges and deferred income | 492/3 | €42 | €42 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,167 | €10,291 | -€6,876 | -40.1% |
| Other operating charges | 640/8 | €1,556 | €400 | -€1,157 | -74.3% |
| Gross operating margin | 9900 | -€1,796 | -€2,001 | -€205 | -11.4% |
| Operating profit (loss) | 9901 | -€20,520 | -€12,692 | +€7,828 | +38.1% |
| Financial charges | 65/66B | €95 | €42 | -€53 | -55.8% |
| Recurring financial charges | 65 | €95 | €42 | -€53 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,615 | -€12,734 | +€7,881 | +38.2% |
| Profit (loss) for the period | 9904 | -€20,615 | -€12,734 | +€7,881 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,615 | -€12,734 | +€7,881 | +38.2% |
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 29 September 2026 via checked.be.