E - BLC: 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.
E - BLC
Largest movements
- Receivables within one year +€38,538
up €38,538 (+47.3%), from €81,434 to €119,972
of which Trade receivables: +€38,567
- Cash -€27,201
down €27,201 (-33.0%), from €82,385 to €55,185
mainly Investment in fixed assets (net) (-€47,859) and Receivables within one year (-€38,538)
- Stocks and contracts +€20,299
up €20,299 (+18.2%), from €111,808 to €132,107
- Tangible fixed assets +€13,572
up €13,572 (+6.0%), from €227,051 to €240,623
of which Furniture and vehicles: +€17,394
- Trade debts +€67,544
up €67,544 (+109.0%), from €61,982 to €129,526
- Reserves +€43,297
up €43,297 (+27.1%), from €159,510 to €202,808
of which Distributable reserves: +€43,297
- Tax, wage and social debts -€32,174
down €32,174 (-45.5%), from €70,733 to €38,559
of which Taxes: -€30,687
- Other debts -€19,768
down €19,768 (-51.6%), from €38,322 to €18,554
- Debts after one year -€14,034
down €14,034 (-56.3%), from €24,915 to €10,881
- Taxes -€6,562
down €6,562 (-16.1%), from €40,726 to €34,164
- Staff costs +€5,957
up €5,957 (+8.5%), from €69,709 to €75,666
- Depreciation +€2,413
up €2,413 (+7.6%), from €31,874 to €34,287
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 | €509,423 | €554,361 | +€44,939 | +8.8% |
| Fixed assets | 21/28 | €233,525 | €247,097 | +€13,572 | +5.8% |
| Tangible fixed assets | 22/27 | €227,051 | €240,623 | +€13,572 | +6.0% |
| Land and buildings | 22 | €214,319 | €210,995 | -€3,324 | -1.6% |
| Plant, machinery and equipment | 23 | €6,842 | €6,344 | -€498 | -7.3% |
| Furniture and vehicles | 24 | €5,890 | €23,284 | +€17,394 | +295.3% |
| Financial fixed assets | 28 | €6,474 | €6,474 | = | 0.0% |
| Current assets | 29/58 | €275,898 | €307,264 | +€31,366 | +11.4% |
| Stocks and contracts in progress | 3 | €111,808 | €132,107 | +€20,299 | +18.2% |
| Stocks | 30/36 | €111,808 | €132,107 | +€20,299 | +18.2% |
| Amounts receivable within one year | 40/41 | €81,434 | €119,972 | +€38,538 | +47.3% |
| Trade receivables | 40 | €81,405 | €119,972 | +€38,567 | +47.4% |
| Other amounts receivable | 41 | €29 | - | -€29 | |
| Cash at bank and in hand | 54/58 | €82,385 | €55,185 | -€27,201 | -33.0% |
| Deferred charges and accrued income | 490/1 | €270 | - | -€270 | |
| Total equity and liabilities | 10/49 | €509,423 | €554,361 | +€44,939 | +8.8% |
| Equity | 10/15 | €299,510 | €342,808 | +€43,297 | +14.5% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €159,510 | €202,808 | +€43,297 | +27.1% |
| Non-distributable reserves | 130/1 | €14,000 | €14,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €145,510 | €188,808 | +€43,297 | +29.8% |
| Amounts payable | 17/49 | €209,913 | €211,554 | +€1,641 | +0.8% |
| Amounts payable after more than one year | 17 | €24,915 | €10,881 | -€14,034 | -56.3% |
| Financial debts | 170/4 | €24,915 | €10,881 | -€14,034 | -56.3% |
| Amounts payable within one year | 42/48 | €184,998 | €200,673 | +€15,676 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €13,961 | €14,034 | +€73 | +0.5% |
| Trade debts | 44 | €61,982 | €129,526 | +€67,544 | +109.0% |
| Suppliers | 440/4 | €61,982 | €129,526 | +€67,544 | +109.0% |
| Taxes, remuneration and social security | 45 | €70,733 | €38,559 | -€32,174 | -45.5% |
| Taxes | 450/3 | €58,400 | €27,714 | -€30,687 | -52.5% |
| Remuneration and social security | 454/9 | €12,332 | €10,845 | -€1,487 | -12.1% |
| Other amounts payable | 47/48 | €38,322 | €18,554 | -€19,768 | -51.6% |
| Remuneration, social security and pensions | 62 | €69,709 | €75,666 | +€5,957 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,874 | €34,287 | +€2,413 | +7.6% |
| Other operating charges | 640/8 | €3,577 | €3,139 | -€438 | -12.2% |
| Gross operating margin | 9900 | €209,290 | €209,950 | +€660 | +0.3% |
| Operating profit (loss) | 9901 | €104,130 | €96,858 | -€7,272 | -7.0% |
| Financial income | 75/76B | €44 | €305 | +€261 | +599.6% |
| Recurring financial income | 75 | €44 | €115 | +€71 | +163.8% |
| Non-recurring financial income | 76B | - | €190 | +€190 | |
| Financial charges | 65/66B | €3,060 | €2,848 | -€212 | -6.9% |
| Recurring financial charges | 65 | €3,060 | €2,848 | -€212 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €101,114 | €94,315 | -€6,799 | -6.7% |
| Income taxes | 67/77 | €40,726 | €34,164 | -€6,562 | -16.1% |
| Profit (loss) for the period | 9904 | €60,387 | €60,151 | -€236 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,387 | €60,151 | -€236 | -0.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.