LE BLED RECORDS: 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.
LE BLED RECORDS
Largest movements
- Receivables within one year +€19,253
up €19,253 (+545%), from €3,536 to €22,789
of which Trade receivables: +€20,302
- Cash -€15,932
down €15,932 (-100%), from €15,932 to €0
mainly Receivables within one year (-€19,253) and Investment in fixed assets (net) (-€7,866)
- Financial fixed assets +€6,710
up €6,710 (+10.0%), from €66,892 to €73,602
- Debts after one year +€14,072
new in 2025: €14,072
- Profit (loss) carried forward -€6,427
down €6,427 (-6.9%), from €92,784 to €86,357
- Other debts +€4,461
up €4,461, from €0 to €4,461
- Advances received -€2,911
down €2,911 (-100%), from €2,911 to €0
- Trade debts +€1,370
up €1,370 (+708%), from €194 to €1,564
- Gross operating margin -€110,755
down €110,755, from €105,776 to -€4,979
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 | €98,958 | €109,164 | +€10,206 | +10.3% |
| Fixed assets | 21/28 | €69,490 | €76,375 | +€6,885 | +9.9% |
| Tangible fixed assets | 22/27 | €2,597 | €2,772 | +€175 | +6.7% |
| Plant, machinery and equipment | 23 | €2,597 | €2,772 | +€175 | +6.7% |
| Financial fixed assets | 28 | €66,892 | €73,602 | +€6,710 | +10.0% |
| Current assets | 29/58 | €29,468 | €32,789 | +€3,321 | +11.3% |
| Amounts receivable within one year | 40/41 | €3,536 | €22,789 | +€19,253 | +545% |
| Trade receivables | 40 | €2,411 | €22,713 | +€20,302 | +842% |
| Other amounts receivable | 41 | €1,124 | €76 | -€1,048 | -93.2% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,932 | €0 | -€15,932 | -100% |
| Total equity and liabilities | 10/49 | €98,958 | €109,164 | +€10,206 | +10.3% |
| Equity | 10/15 | €95,284 | €88,857 | -€6,427 | -6.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,784 | €86,357 | -€6,427 | -6.9% |
| Amounts payable | 17/49 | €3,674 | €20,307 | +€16,633 | +453% |
| Amounts payable after more than one year | 17 | - | €14,072 | +€14,072 | |
| Financial debts | 170/4 | - | €14,072 | +€14,072 | |
| Amounts payable within one year | 42/48 | €3,674 | €6,235 | +€2,562 | +69.7% |
| Trade debts | 44 | €194 | €1,564 | +€1,370 | +708% |
| Suppliers | 440/4 | €194 | €1,564 | +€1,370 | +708% |
| Advances received on contracts in progress | 46 | €2,911 | €0 | -€2,911 | -100% |
| Taxes, remuneration and social security | 45 | €569 | €210 | -€359 | -63.1% |
| Taxes | 450/3 | €569 | €210 | -€359 | -63.1% |
| Other amounts payable | 47/48 | €0 | €4,461 | +€4,461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €768 | €981 | +€213 | +27.8% |
| Other operating charges | 640/8 | €118 | €421 | +€303 | +257% |
| Gross operating margin | 9900 | €105,776 | -€4,979 | -€110,755 | |
| Operating profit (loss) | 9901 | €104,891 | -€6,381 | -€111,272 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €115 | €46 | -€69 | -60.0% |
| Recurring financial charges | 65 | €115 | €46 | -€69 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €104,776 | -€6,427 | -€111,203 | |
| Income taxes | 67/77 | €568 | €0 | -€568 | -100% |
| Profit (loss) for the period | 9904 | €104,207 | -€6,427 | -€110,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €104,207 | -€6,427 | -€110,635 |
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 17 October 2026 via checked.be.