BLAFFA: 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.
BLAFFA
Largest movements
- Current investments -€110,019
down €110,019 (-35.5%), from €310,019 to €200,000
- Financial fixed assets +€100,000
up €100,000 (+181.8%), from €55,000 to €155,000
- Cash +€43,453
up €43,453 (+228.8%), from €18,990 to €62,443
mainly Current investments (+€110,019) and Net result for the year (+€100,605)
- Reserves +€99,210
up €99,210 (+39.2%), from €253,108 to €352,318
of which Distributable reserves: +€99,210
- Other debts -€70,187
down €70,187 (-44.2%), from €158,693 to €88,506
- Tax, wage and social debts +€5,589
up €5,589 (+67.6%), from €8,264 to €13,853
- Taxes +€17,297
up €17,297 (+52.5%), from €32,974 to €50,271
- Gross operating margin +€17,059
up €17,059 (+12.7%), from €134,659 to €151,718
- Financial charges +€1,590
up €1,590 (+37.0%), from €4,302 to €5,892
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 | €445,553 | €479,189 | +€33,636 | +7.5% |
| Fixed assets | 21/28 | €67,957 | €163,911 | +€95,954 | +141.2% |
| Tangible fixed assets | 22/27 | €12,957 | €8,911 | -€4,046 | -31.2% |
| Furniture and vehicles | 24 | €12,957 | €8,911 | -€4,046 | -31.2% |
| Financial fixed assets | 28 | €55,000 | €155,000 | +€100,000 | +181.8% |
| Current assets | 29/58 | €377,596 | €315,278 | -€62,318 | -16.5% |
| Amounts receivable within one year | 40/41 | €48,586 | €52,689 | +€4,103 | +8.4% |
| Trade receivables | 40 | €48,586 | €52,689 | +€4,103 | +8.4% |
| Current investments | 50/53 | €310,019 | €200,000 | -€110,019 | -35.5% |
| Cash at bank and in hand | 54/58 | €18,990 | €62,443 | +€43,453 | +228.8% |
| Deferred charges and accrued income | 490/1 | - | €145 | +€145 | |
| Total equity and liabilities | 10/49 | €445,553 | €479,189 | +€33,636 | +7.5% |
| Equity | 10/15 | €271,975 | €370,919 | +€98,945 | +36.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €253,108 | €352,318 | +€99,210 | +39.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,197 | €19,197 | = | 0.0% |
| Distributable reserves | 133 | €232,051 | €331,261 | +€99,210 | +42.8% |
| Profit (loss) carried forward | 14 | €266 | €1 | -€265 | -99.5% |
| Amounts payable | 17/49 | €173,578 | €108,270 | -€65,309 | -37.6% |
| Amounts payable within one year | 42/48 | €170,619 | €105,166 | -€65,452 | -38.4% |
| Trade debts | 44 | €3,661 | €2,807 | -€854 | -23.3% |
| Suppliers | 440/4 | €3,661 | €2,807 | -€854 | -23.3% |
| Taxes, remuneration and social security | 45 | €8,264 | €13,853 | +€5,589 | +67.6% |
| Taxes | 450/3 | €8,264 | €13,853 | +€5,589 | +67.6% |
| Other amounts payable | 47/48 | €158,693 | €88,506 | -€70,187 | -44.2% |
| Accrued charges and deferred income | 492/3 | €2,960 | €3,103 | +€143 | +4.8% |
| Non-recurring operating income | 76A | €579 | - | -€579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,554 | €4,046 | +€492 | +13.8% |
| Other operating charges | 640/8 | €999 | €1,089 | +€90 | +9.0% |
| Gross operating margin | 9900 | €134,659 | €151,718 | +€17,059 | +12.7% |
| Operating profit (loss) | 9901 | €130,106 | €146,583 | +€16,477 | +12.7% |
| Financial income | 75/76B | €9,251 | €10,184 | +€933 | +10.1% |
| Recurring financial income | 75 | €9,251 | €10,184 | +€933 | +10.1% |
| Financial charges | 65/66B | €4,302 | €5,892 | +€1,590 | +37.0% |
| Recurring financial charges | 65 | €4,302 | €5,892 | +€1,590 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €135,055 | €150,876 | +€15,821 | +11.7% |
| Income taxes | 67/77 | €32,974 | €50,271 | +€17,297 | +52.5% |
| Profit (loss) for the period | 9904 | €102,081 | €100,605 | -€1,477 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,081 | €100,605 | -€1,477 | -1.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.