BLA BLA BLA: 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.
BLA BLA BLA
Largest movements
- Cash -€29,877
down €29,877 (-33.7%), from €88,716 to €58,839
mainly Contributions, distributions and other (-€18,683) and Tax, wage and social debts (-€16,989)
- Receivables within one year +€6,263
up €6,263 (+74.7%), from €8,382 to €14,645
of which Trade receivables: +€3,935
- Stocks and contracts +€3,206
up €3,206 (+56.0%), from €5,724 to €8,930
- Tax, wage and social debts -€16,989
down €16,989 (-41.7%), from €40,713 to €23,725
of which Taxes: -€12,716
- Reserves -€13,040
down €13,040 (-14.6%), from €89,309 to €76,268
- Trade debts +€11,233
up €11,233 (+175.1%), from €6,415 to €17,648
- Debts after one year -€7,327
no longer reported in 2025 (was €7,327)
- Other debts +€4,507
up €4,507 (+196.6%), from €2,292 to €6,799
- Staff costs +€16,743
up €16,743 (+7.9%), from €213,066 to €229,809
- Taxes -€4,039
down €4,039 (-60.7%), from €6,656 to €2,617
- Gross operating margin +€3,417
up €3,417 (+1.3%), from €253,482 to €256,899
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 | €173,052 | €150,367 | -€22,685 | -13.1% |
| Fixed assets | 21/28 | €60,412 | €58,710 | -€1,702 | -2.8% |
| Tangible fixed assets | 22/27 | €60,412 | €58,710 | -€1,702 | -2.8% |
| Land and buildings | 22 | €19,863 | €17,461 | -€2,401 | -12.1% |
| Plant, machinery and equipment | 23 | €40,549 | €29,230 | -€11,320 | -27.9% |
| Furniture and vehicles | 24 | - | €12,019 | +€12,019 | |
| Current assets | 29/58 | €112,640 | €91,657 | -€20,983 | -18.6% |
| Stocks and contracts in progress | 3 | €5,724 | €8,930 | +€3,206 | +56.0% |
| Stocks | 30/36 | €5,724 | €8,930 | +€3,206 | +56.0% |
| Amounts receivable within one year | 40/41 | €8,382 | €14,645 | +€6,263 | +74.7% |
| Trade receivables | 40 | €7,623 | €11,558 | +€3,935 | +51.6% |
| Other amounts receivable | 41 | €759 | €3,087 | +€2,328 | +306.7% |
| Cash at bank and in hand | 54/58 | €88,716 | €58,839 | -€29,877 | -33.7% |
| Deferred charges and accrued income | 490/1 | €9,818 | €9,243 | -€575 | -5.9% |
| Total equity and liabilities | 10/49 | €173,052 | €150,367 | -€22,685 | -13.1% |
| Equity | 10/15 | €107,909 | €94,868 | -€13,040 | -12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,309 | €76,268 | -€13,040 | -14.6% |
| Distributable reserves | 133 | €89,309 | €76,268 | -€13,040 | -14.6% |
| Amounts payable | 17/49 | €65,144 | €55,499 | -€9,645 | -14.8% |
| Amounts payable after more than one year | 17 | €7,327 | - | -€7,327 | |
| Financial debts | 170/4 | €7,327 | - | -€7,327 | |
| Amounts payable within one year | 42/48 | €57,817 | €55,499 | -€2,318 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €8,396 | €7,327 | -€1,070 | -12.7% |
| Trade debts | 44 | €6,415 | €17,648 | +€11,233 | +175.1% |
| Suppliers | 440/4 | €6,415 | €17,648 | +€11,233 | +175.1% |
| Taxes, remuneration and social security | 45 | €40,713 | €23,725 | -€16,989 | -41.7% |
| Taxes | 450/3 | €14,046 | €1,330 | -€12,716 | -90.5% |
| Remuneration and social security | 454/9 | €26,667 | €22,394 | -€4,273 | -16.0% |
| Other amounts payable | 47/48 | €2,292 | €6,799 | +€4,507 | +196.6% |
| Remuneration, social security and pensions | 62 | €213,066 | €229,809 | +€16,743 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,718 | €13,754 | +€36 | +0.3% |
| Other operating charges | 640/8 | €1,237 | €1,278 | +€41 | +3.3% |
| Gross operating margin | 9900 | €253,482 | €256,899 | +€3,417 | +1.3% |
| Operating profit (loss) | 9901 | €25,461 | €12,059 | -€13,402 | -52.6% |
| Financial income | 75/76B | €7 | €20 | +€14 | +205.2% |
| Recurring financial income | 75 | €7 | €20 | +€14 | +205.2% |
| Financial charges | 65/66B | €4,601 | €3,819 | -€782 | -17.0% |
| Recurring financial charges | 65 | €4,601 | €3,819 | -€782 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €20,866 | €8,260 | -€12,606 | -60.4% |
| Income taxes | 67/77 | €6,656 | €2,617 | -€4,039 | -60.7% |
| Profit (loss) for the period | 9904 | €14,210 | €5,643 | -€8,568 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,210 | €5,643 | -€8,568 | -60.3% |
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.