BLAFKAT: 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.
BLAFKAT
Largest movements
- Cash +€165,281
up €165,281 (+309.4%), from €53,425 to €218,706
mainly Net result for the year (+€83,802) and Current investments (+€60,000)
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Reserves +€82,136
up €82,136 (+79.5%), from €103,378 to €185,514
- Trade debts +€29,124
up €29,124 (+163618.5%), from €18 to €29,142
- Tax, wage and social debts -€10,370
down €10,370 (-28.9%), from €35,915 to €25,545
- Gross operating margin -€29,429
down €29,429 (-21.5%), from €136,752 to €107,322
- Taxes -€7,329
down €7,329 (-25.2%), from €29,104 to €21,776
- Financial income +€1,811
new in 2025: €1,811
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 | €141,128 | €243,892 | +€102,764 | +72.8% |
| Fixed assets | 21/28 | €12,177 | €12,659 | +€481 | +4.0% |
| Tangible fixed assets | 22/27 | €12,177 | €12,659 | +€481 | +4.0% |
| Furniture and vehicles | 24 | €12,177 | €12,659 | +€481 | +4.0% |
| Current assets | 29/58 | €128,951 | €231,234 | +€102,282 | +79.3% |
| Amounts receivable within one year | 40/41 | €14,872 | €12,528 | -€2,344 | -15.8% |
| Trade receivables | 40 | €14,437 | €12,528 | -€1,909 | -13.2% |
| Other amounts receivable | 41 | €435 | - | -€435 | |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €53,425 | €218,706 | +€165,281 | +309.4% |
| Deferred charges and accrued income | 490/1 | €655 | - | -€655 | |
| Total equity and liabilities | 10/49 | €141,128 | €243,892 | +€102,764 | +72.8% |
| Equity | 10/15 | €103,478 | €185,614 | +€82,136 | +79.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €103,378 | €185,514 | +€82,136 | +79.5% |
| Distributable reserves | 133 | €103,378 | €185,514 | +€82,136 | +79.5% |
| Amounts payable | 17/49 | €37,651 | €58,279 | +€20,628 | +54.8% |
| Amounts payable within one year | 42/48 | €37,651 | €58,279 | +€20,628 | +54.8% |
| Trade debts | 44 | €18 | €29,142 | +€29,124 | +163618.5% |
| Suppliers | 440/4 | €18 | €29,142 | +€29,124 | +163618.5% |
| Taxes, remuneration and social security | 45 | €35,915 | €25,545 | -€10,370 | -28.9% |
| Taxes | 450/3 | €35,915 | €25,545 | -€10,370 | -28.9% |
| Other amounts payable | 47/48 | €1,718 | €3,592 | +€1,874 | +109.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,057 | €3,340 | +€1,283 | +62.4% |
| Other operating charges | 640/8 | €453 | €66 | -€388 | -85.5% |
| Gross operating margin | 9900 | €136,752 | €107,322 | -€29,429 | -21.5% |
| Operating profit (loss) | 9901 | €134,242 | €103,917 | -€30,325 | -22.6% |
| Financial income | 75/76B | - | €1,811 | +€1,811 | |
| Recurring financial income | 75 | - | €1,811 | +€1,811 | |
| Financial charges | 65/66B | €41 | €150 | +€109 | +263.1% |
| Recurring financial charges | 65 | €41 | €150 | +€109 | +263.1% |
| Profit (loss) for the period before taxes | 9903 | €134,200 | €105,577 | -€28,623 | -21.3% |
| Income taxes | 67/77 | €29,104 | €21,776 | -€7,329 | -25.2% |
| Profit (loss) for the period | 9904 | €105,096 | €83,802 | -€21,294 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,096 | €83,802 | -€21,294 | -20.3% |
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 11 October 2026 via checked.be.