BLEGAL: 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.
BLEGAL
Largest movements
- Deferred charges and accrued income -€121,271
down €121,271 (-96.9%), from €125,214 to €3,943
- Receivables within one year -€71,910
down €71,910 (-7.1%), from €1.0m to €937,579
of which Trade receivables: -€70,130
- Cash +€24,933
up €24,933 (+6.7%), from €370,349 to €395,282
mainly Other debts (+€190,465) and Deferred charges and accrued income (+€121,271)
- Reserves -€359,515
down €359,515 (-38.3%), from €939,646 to €580,130
- Other debts +€190,465
up €190,465 (+2,285%), from €8,336 to €198,801
- Write-downs +€41,386
up €41,386 (+102%), from €40,425 to €81,812
- Gross operating margin -€36,667
down €36,667 (-94.2%), from -€38,922 to -€75,589
- Financial income -€2,798
down €2,798 (-80.0%), from €3,500 to €702
- Other operating charges +€2,168
new in 2025: €2,168
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 | €1,505,052 | €1,336,804 | -€168,248 | -11.2% |
| Current assets | 29/58 | €1,505,052 | €1,336,804 | -€168,248 | -11.2% |
| Amounts receivable within one year | 40/41 | €1,009,489 | €937,579 | -€71,910 | -7.1% |
| Trade receivables | 40 | €939,909 | €869,779 | -€70,130 | -7.5% |
| Other amounts receivable | 41 | €69,579 | €67,800 | -€1,779 | -2.6% |
| Cash at bank and in hand | 54/58 | €370,349 | €395,282 | +€24,933 | +6.7% |
| Deferred charges and accrued income | 490/1 | €125,214 | €3,943 | -€121,271 | -96.9% |
| Total equity and liabilities | 10/49 | €1,505,052 | €1,336,804 | -€168,248 | -11.2% |
| Equity | 10/15 | €988,412 | €628,897 | -€359,515 | -36.4% |
| Contributions | 10/11 | €48,767 | €48,767 | = | 0.0% |
| Reserves | 13 | €939,646 | €580,130 | -€359,515 | -38.3% |
| Distributable reserves | 133 | €939,646 | €580,130 | -€359,515 | -38.3% |
| Amounts payable | 17/49 | €516,640 | €707,907 | +€191,267 | +37.0% |
| Amounts payable within one year | 42/48 | €509,550 | €707,907 | +€198,357 | +38.9% |
| Trade debts | 44 | €498,184 | €503,751 | +€5,567 | +1.1% |
| Suppliers | 440/4 | €498,184 | €503,751 | +€5,567 | +1.1% |
| Taxes, remuneration and social security | 45 | €3,030 | €5,355 | +€2,325 | +76.7% |
| Taxes | 450/3 | - | €2,325 | +€2,325 | |
| Remuneration and social security | 454/9 | €3,030 | €3,030 | = | 0.0% |
| Other amounts payable | 47/48 | €8,336 | €198,801 | +€190,465 | +2,285% |
| Accrued charges and deferred income | 492/3 | €7,090 | - | -€7,090 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,425 | €81,812 | +€41,386 | +102% |
| Other operating charges | 640/8 | - | €2,168 | +€2,168 | |
| Gross operating margin | 9900 | -€38,922 | -€75,589 | -€36,667 | -94.2% |
| Operating profit (loss) | 9901 | -€79,347 | -€159,568 | -€80,221 | -101% |
| Financial income | 75/76B | €3,500 | €702 | -€2,798 | -80.0% |
| Recurring financial income | 75 | €3,500 | €702 | -€2,798 | -80.0% |
| Financial charges | 65/66B | €618 | €649 | +€31 | +5.1% |
| Recurring financial charges | 65 | €618 | €649 | +€31 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€76,465 | -€159,515 | -€83,050 | -109% |
| Profit (loss) for the period | 9904 | -€76,465 | -€159,515 | -€83,050 | -109% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,465 | -€159,515 | -€83,050 | -109% |
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 27 October 2026 via checked.be.