BZL: 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.
BZL
Largest movements
- Tangible fixed assets -€1,986
down €1,986 (-17.6%), from €11,314 to €9,328
of which Other tangible fixed assets: -€1,416
- Receivables within one year -€495
down €495 (-24.1%), from €2,054 to €1,559
of which Other amounts receivable: -€798
- Formation expenses -€176
no longer reported in 2025 (was €176)
- Cash -€143
down €143 (-24.5%), from €585 to €442
mainly Net result for the year (-€3,971) and Trade debts (-€420)
- Profit (loss) carried forward -€3,971
down €3,971 (-99.7%), from -€3,981 to -€7,952
- Other debts +€1,590
up €1,590 (+68.8%), from €2,312 to €3,902
- Trade debts -€420
down €420 (-52.6%), from €798 to €378
- Gross operating margin +€1,869
up €1,869 (+78.0%), from -€2,397 to -€528
- Purchases and services -€1,869
down €1,869 (-78.0%), from €2,397 to €528
- Depreciation -€767
down €767 (-26.2%), from €2,929 to €2,162
- Staff costs +€609
new in 2025: €609
- Other operating charges +€531
up €531 (+422.6%), from €126 to €657
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 | €14,129 | €11,328 | -€2,800 | -19.8% |
| Formation expenses | 20 | €176 | - | -€176 | |
| Fixed assets | 21/28 | €11,314 | €9,328 | -€1,986 | -17.6% |
| Tangible fixed assets | 22/27 | €11,314 | €9,328 | -€1,986 | -17.6% |
| Plant, machinery and equipment | 23 | €571 | - | -€571 | |
| Other tangible fixed assets | 26 | €10,743 | €9,328 | -€1,416 | -13.2% |
| Current assets | 29/58 | €2,639 | €2,000 | -€638 | -24.2% |
| Amounts receivable within one year | 40/41 | €2,054 | €1,559 | -€495 | -24.1% |
| Trade receivables | 40 | - | €303 | +€303 | |
| Other amounts receivable | 41 | €2,054 | €1,256 | -€798 | -38.8% |
| Cash at bank and in hand | 54/58 | €585 | €442 | -€143 | -24.5% |
| Total equity and liabilities | 10/49 | €14,129 | €11,328 | -€2,800 | -19.8% |
| Equity | 10/15 | €11,019 | €7,048 | -€3,971 | -36.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,981 | -€7,952 | -€3,971 | -99.7% |
| Amounts payable | 17/49 | €3,110 | €4,280 | +€1,170 | +37.6% |
| Amounts payable within one year | 42/48 | €3,110 | €4,280 | +€1,170 | +37.6% |
| Trade debts | 44 | €798 | €378 | -€420 | -52.6% |
| Suppliers | 440/4 | €798 | €378 | -€420 | -52.6% |
| Other amounts payable | 47/48 | €2,312 | €3,902 | +€1,590 | +68.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,397 | €528 | -€1,869 | -78.0% |
| Remuneration, social security and pensions | 62 | - | €609 | +€609 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,929 | €2,162 | -€767 | -26.2% |
| Other operating charges | 640/8 | €126 | €657 | +€531 | +422.6% |
| Gross operating margin | 9900 | -€2,397 | -€528 | +€1,869 | +78.0% |
| Operating profit (loss) | 9901 | -€5,452 | -€3,956 | +€1,496 | +27.4% |
| Financial charges | 65/66B | €4 | €15 | +€11 | +298.9% |
| Recurring financial charges | 65 | €4 | €15 | +€11 | +298.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,456 | -€3,971 | +€1,485 | +27.2% |
| Profit (loss) for the period | 9904 | -€5,456 | -€3,971 | +€1,485 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,456 | -€3,971 | +€1,485 | +27.2% |
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 7 October 2026 via checked.be.