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BLWBC: 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.

What changed

BLWBC

BE 0897.924.842
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€78,427
2024 · €53,600+€24,827
Equity
-€109,232
2024 · -€187,659+€78,427
Cash
€7,376
2024 · €7,028+€347
Balance sheet total
€67,396
2024 · €59,446+€7,950

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€10,528

    up €10,528 (+23.5%), from €44,769 to €55,297

    of which Other amounts receivable: +€6,293

  • Tangible fixed assets -€2,926

    down €2,926 (-38.3%), from €7,649 to €4,723

    of which Plant, machinery and equipment: -€1,466

Equity and liabilities
  • Profit (loss) carried forward +€78,427

    up €78,427 (+30.4%), from -€258,119 to -€179,692

  • Debts after one year -€70,500

    down €70,500 (-29.3%), from €240,500 to €170,000

  • Tax, wage and social debts -€2,237

    down €2,237 (-35.5%), from €6,303 to €4,066

    of which Taxes: -€3,487

  • Other debts +€1,465

    up €1,465 (+1,236%), from €119 to €1,584

  • Trade debts +€795

    up €795 (+433%), from €183 to €978

Income statement
  • Gross operating margin +€24,796

    up €24,796 (+43.5%), from €57,053 to €81,849

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €53,600
Gross operating margin +€24,796
Staff costs +€346
Other operating charges -€278
Financial income +€43
Financial charges -€80
Result 2025 €78,427
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€70,847
Investment €0
Financing -€70,500
Cash 2024 €7,028
Net result for the year +€78,427
Depreciation +€2,926
Receivables within one year -€10,528
Trade debts +€795
Tax, wage and social debts -€2,237
Other debts +€1,465
Debts after one year -€70,500
Cash 2025 €7,376
brings cash intakes cash out
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €59,446 €67,396 +€7,950 +13.4%
Fixed assets 21/28 €7,649 €4,723 -€2,926 -38.3%
Tangible fixed assets 22/27 €7,649 €4,723 -€2,926 -38.3%
Land and buildings 22 €536 €211 -€325 -60.6%
Plant, machinery and equipment 23 €3,222 €1,756 -€1,466 -45.5%
Furniture and vehicles 24 €3,891 €2,756 -€1,135 -29.2%
Current assets 29/58 €51,797 €62,673 +€10,875 +21.0%
Amounts receivable within one year 40/41 €44,769 €55,297 +€10,528 +23.5%
Trade receivables 40 €10,890 €15,125 +€4,235 +38.9%
Other amounts receivable 41 €33,879 €40,172 +€6,293 +18.6%
Cash at bank and in hand 54/58 €7,028 €7,376 +€347 +4.9%
Total equity and liabilities 10/49 €59,446 €67,396 +€7,950 +13.4%
Equity 10/15 -€187,659 -€109,232 +€78,427 +41.8%
Contributions 10/11 €20,460 €20,460 = 0.0%
Reserves 13 €50,000 €50,000 = 0.0%
Distributable reserves 133 €50,000 €50,000 = 0.0%
Profit (loss) carried forward 14 -€258,119 -€179,692 +€78,427 +30.4%
Amounts payable 17/49 €247,105 €176,628 -€70,477 -28.5%
Amounts payable after more than one year 17 €240,500 €170,000 -€70,500 -29.3%
Financial debts 170/4 €240,500 €170,000 -€70,500 -29.3%
Amounts payable within one year 42/48 €6,605 €6,628 +€23 +0.3%
Trade debts 44 €183 €978 +€795 +433%
Suppliers 440/4 €183 €978 +€795 +433%
Taxes, remuneration and social security 45 €6,303 €4,066 -€2,237 -35.5%
Taxes 450/3 €6,303 €2,816 -€3,487 -55.3%
Remuneration and social security 454/9 - €1,250 +€1,250
Other amounts payable 47/48 €119 €1,584 +€1,465 +1,236%
Remuneration, social security and pensions 62 €346 - -€346
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €2,926 €2,926 = 0.0%
Other operating charges 640/8 €588 €865 +€278 +47.2%
Gross operating margin 9900 €57,053 €81,849 +€24,796 +43.5%
Operating profit (loss) 9901 €53,194 €78,058 +€24,864 +46.7%
Financial income 75/76B €800 €842 +€43 +5.3%
Recurring financial income 75 €800 €842 +€43 +5.3%
Financial charges 65/66B €394 €474 +€80 +20.2%
Recurring financial charges 65 €394 €474 +€80 +20.2%
Profit (loss) for the period before taxes 9903 €53,600 €78,427 +€24,827 +46.3%
Profit (loss) for the period 9904 €53,600 €78,427 +€24,827 +46.3%
Profit (loss) for the period to be appropriated 9905 €53,600 €78,427 +€24,827 +46.3%

Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.