BLADAS: 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.
BLADAS
Largest movements
- Cash +€141,965
up €141,965 (+229.2%), from €61,930 to €203,895
mainly Current investments (+€115,000) and Net result for the year (+€24,016)
- Current investments -€115,000
no longer reported in 2025 (was €115,000)
- Receivables within one year -€3,122
down €3,122 (-29.0%), from €10,764 to €7,642
of which Other amounts receivable: -€2,395
- Reserves +€22,350
up €22,350 (+9.0%), from €249,481 to €271,831
- Gross operating margin -€32,946
down €32,946 (-38.0%), from €86,786 to €53,840
- Taxes -€6,356
down €6,356 (-30.7%), from €20,698 to €14,343
- Financial income +€2,058
up €2,058 (+347.5%), from €592 to €2,650
- Depreciation +€1,742
up €1,742 (+12.3%), from €14,119 to €15,861
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 | €267,967 | €292,329 | +€24,363 | +9.1% |
| Fixed assets | 21/28 | €77,618 | €78,040 | +€422 | +0.5% |
| Tangible fixed assets | 22/27 | €77,618 | €78,040 | +€422 | +0.5% |
| Furniture and vehicles | 24 | €77,618 | €78,040 | +€422 | +0.5% |
| Current assets | 29/58 | €190,349 | €214,289 | +€23,940 | +12.6% |
| Amounts receivable within one year | 40/41 | €10,764 | €7,642 | -€3,122 | -29.0% |
| Trade receivables | 40 | €8,368 | €7,642 | -€727 | -8.7% |
| Other amounts receivable | 41 | €2,395 | - | -€2,395 | |
| Current investments | 50/53 | €115,000 | - | -€115,000 | |
| Cash at bank and in hand | 54/58 | €61,930 | €203,895 | +€141,965 | +229.2% |
| Deferred charges and accrued income | 490/1 | €2,655 | €2,752 | +€97 | +3.6% |
| Total equity and liabilities | 10/49 | €267,967 | €292,329 | +€24,363 | +9.1% |
| Equity | 10/15 | €255,681 | €278,031 | +€22,350 | +8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €249,481 | €271,831 | +€22,350 | +9.0% |
| Distributable reserves | 133 | €249,481 | €271,831 | +€22,350 | +9.0% |
| Amounts payable | 17/49 | €12,285 | €14,298 | +€2,013 | +16.4% |
| Amounts payable within one year | 42/48 | €11,102 | €12,876 | +€1,773 | +16.0% |
| Trade debts | 44 | €2,109 | €1,324 | -€785 | -37.2% |
| Suppliers | 440/4 | €2,109 | €1,324 | -€785 | -37.2% |
| Taxes, remuneration and social security | 45 | €521 | €2,383 | +€1,862 | +357.7% |
| Taxes | 450/3 | €521 | €2,383 | +€1,862 | +357.7% |
| Other amounts payable | 47/48 | €8,473 | €9,169 | +€696 | +8.2% |
| Accrued charges and deferred income | 492/3 | €1,183 | €1,423 | +€240 | +20.3% |
| Non-recurring operating income | 76A | €29,723 | €774 | -€28,949 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,119 | €15,861 | +€1,742 | +12.3% |
| Other operating charges | 640/8 | €1,473 | €1,570 | +€97 | +6.6% |
| Gross operating margin | 9900 | €86,786 | €53,840 | -€32,946 | -38.0% |
| Operating profit (loss) | 9901 | €71,193 | €36,408 | -€34,785 | -48.9% |
| Financial income | 75/76B | €592 | €2,650 | +€2,058 | +347.5% |
| Recurring financial income | 75 | €592 | €2,650 | +€2,058 | +347.5% |
| Financial charges | 65/66B | €492 | €700 | +€208 | +42.4% |
| Recurring financial charges | 65 | €492 | €700 | +€208 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €71,294 | €38,358 | -€32,936 | -46.2% |
| Income taxes | 67/77 | €20,698 | €14,343 | -€6,356 | -30.7% |
| Profit (loss) for the period | 9904 | €50,595 | €24,016 | -€26,580 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,595 | €24,016 | -€26,580 | -52.5% |
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 6 October 2026 via checked.be.