Les Bleus: 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.
Les Bleus
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€6,380
down €6,380 (-7.4%), from -€86,116 to -€92,496
- Short-term financial debts -€6,122
no longer reported in 2025 (was €6,122)
- Other debts +€4,589
up €4,589 (+11.3%), from €40,621 to €45,210
- Trade debts +€3,028
up €3,028 (+25.4%), from €11,918 to €14,947
- Debts after one year +€2,479
new in 2025: €2,479
- Gross operating margin +€4,187
up €4,187 (+47.8%), from -€8,759 to -€4,572
- Purchases and services -€4,187
down €4,187 (-47.8%), from €8,759 to €4,572
- Other operating charges -€1,069
down €1,069 (-46.0%), from €2,325 to €1,257
- Financial charges -€349
down €349 (-40.7%), from €859 to €510
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,336 | €247,294 | -€42 | 0.0% |
| Fixed assets | 21/28 | €247,336 | €247,294 | -€42 | 0.0% |
| Tangible fixed assets | 22/27 | €247,294 | €247,252 | -€42 | 0.0% |
| Land and buildings | 22 | €247,294 | €247,252 | -€42 | 0.0% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Total equity and liabilities | 10/49 | €247,336 | €247,294 | -€42 | 0.0% |
| Equity | 10/15 | €188,177 | €181,797 | -€6,380 | -3.4% |
| Contributions | 10/11 | €51,827 | €51,827 | = | 0.0% |
| Capital | 10 | €51,827 | €51,827 | = | 0.0% |
| Issued capital | 100 | €51,827 | €51,827 | = | 0.0% |
| Revaluation surpluses | 12 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €2,466 | €2,466 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,466 | €2,466 | = | 0.0% |
| Legal reserve | 130 | €2,466 | €2,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,116 | -€92,496 | -€6,380 | -7.4% |
| Amounts payable | 17/49 | €59,159 | €65,497 | +€6,338 | +10.7% |
| Amounts payable after more than one year | 17 | - | €2,479 | +€2,479 | |
| Financial debts | 170/4 | - | €2,479 | +€2,479 | |
| Amounts payable within one year | 42/48 | €59,159 | €62,635 | +€3,476 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €498 | €2,478 | +€1,980 | +397% |
| Financial debts | 43 | €6,122 | - | -€6,122 | |
| Credit institutions | 430/8 | €6,122 | - | -€6,122 | |
| Trade debts | 44 | €11,918 | €14,947 | +€3,028 | +25.4% |
| Suppliers | 440/4 | €11,918 | €14,947 | +€3,028 | +25.4% |
| Other amounts payable | 47/48 | €40,621 | €45,210 | +€4,589 | +11.3% |
| Accrued charges and deferred income | 492/3 | - | €383 | +€383 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €8,759 | €4,572 | -€4,187 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €42 | +€42 | |
| Other operating charges | 640/8 | €2,325 | €1,257 | -€1,069 | -46.0% |
| Gross operating margin | 9900 | -€8,759 | -€4,572 | +€4,187 | +47.8% |
| Operating profit (loss) | 9901 | -€11,084 | -€5,870 | +€5,214 | +47.0% |
| Financial charges | 65/66B | €859 | €510 | -€349 | -40.7% |
| Recurring financial charges | 65 | €859 | €510 | -€349 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,943 | -€6,380 | +€5,563 | +46.6% |
| Profit (loss) for the period | 9904 | -€11,943 | -€6,380 | +€5,563 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,943 | -€6,380 | +€5,563 | +46.6% |
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 18 October 2026 via checked.be.