BSLC Trading: 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.
BSLC Trading
Largest movements
- Receivables within one year -€41,755
down €41,755 (-83.3%), from €50,113 to €8,359
of which Trade receivables: -€42,343
- Cash +€14,427
up €14,427 (+127%), from €11,319 to €25,746
mainly Receivables within one year (+€41,755) and Depreciation (+€6,758)
- Tangible fixed assets -€6,758
down €6,758 (-52.2%), from €12,951 to €6,194
- Profit (loss) carried forward -€32,137
down €32,137, from €21,483 to -€10,653
- Other debts -€1,875
no longer reported in 2025 (was €1,875)
- Gross operating margin -€52,606
down €52,606, from €29,795 to -€22,811
- Taxes -€3,837
down €3,837 (-66.0%), from €5,813 to €1,976
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 | €75,803 | €41,836 | -€33,968 | -44.8% |
| Fixed assets | 21/28 | €12,951 | €6,194 | -€6,758 | -52.2% |
| Tangible fixed assets | 22/27 | €12,951 | €6,194 | -€6,758 | -52.2% |
| Furniture and vehicles | 24 | €12,951 | €6,194 | -€6,758 | -52.2% |
| Current assets | 29/58 | €62,852 | €35,642 | -€27,210 | -43.3% |
| Amounts receivable within one year | 40/41 | €50,113 | €8,359 | -€41,755 | -83.3% |
| Trade receivables | 40 | €42,343 | - | -€42,343 | |
| Other amounts receivable | 41 | €7,771 | €8,359 | +€588 | +7.6% |
| Cash at bank and in hand | 54/58 | €11,319 | €25,746 | +€14,427 | +127% |
| Deferred charges and accrued income | 490/1 | €1,420 | €1,537 | +€117 | +8.3% |
| Total equity and liabilities | 10/49 | €75,803 | €41,836 | -€33,968 | -44.8% |
| Equity | 10/15 | €73,483 | €41,347 | -€32,137 | -43.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €49,000 | €49,000 | = | 0.0% |
| Distributable reserves | 133 | €49,000 | €49,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,483 | -€10,653 | -€32,137 | |
| Amounts payable | 17/49 | €2,320 | €489 | -€1,831 | -78.9% |
| Amounts payable within one year | 42/48 | €2,320 | €489 | -€1,831 | -78.9% |
| Trade debts | 44 | €133 | €26 | -€107 | -80.7% |
| Suppliers | 440/4 | €133 | €26 | -€107 | -80.7% |
| Taxes, remuneration and social security | 45 | €313 | €464 | +€151 | +48.3% |
| Taxes | 450/3 | €313 | €464 | +€151 | +48.3% |
| Other amounts payable | 47/48 | €1,875 | - | -€1,875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,661 | €6,758 | +€96 | +1.4% |
| Other operating charges | 640/8 | €387 | €410 | +€22 | +5.8% |
| Gross operating margin | 9900 | €29,795 | -€22,811 | -€52,606 | |
| Operating profit (loss) | 9901 | €22,747 | -€29,978 | -€52,725 | |
| Financial charges | 65/66B | €259 | €183 | -€76 | -29.3% |
| Recurring financial charges | 65 | €259 | €183 | -€76 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €22,488 | -€30,161 | -€52,649 | |
| Income taxes | 67/77 | €5,813 | €1,976 | -€3,837 | -66.0% |
| Profit (loss) for the period | 9904 | €16,675 | -€32,137 | -€48,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,675 | -€32,137 | -€48,812 |
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 22 October 2026 via checked.be.