Blaise DOR: 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.
Blaise DOR
Largest movements
- Receivables within one year +€51,475
up €51,475 (+69.5%), from €74,045 to €125,520
of which Trade receivables: +€33,704
- Tangible fixed assets +€22,008
up €22,008 (+89.5%), from €24,582 to €46,590
of which Plant, machinery and equipment: +€27,272
- Deferred charges and accrued income +€17,990
up €17,990 (+2,047%), from €879 to €18,869
- Trade debts +€42,576
up €42,576 (+132%), from €32,258 to €74,834
- Debts after one year +€37,870
up €37,870 (+442%), from €8,568 to €46,438
- Profit (loss) carried forward +€26,363
up €26,363 (+343%), from €7,686 to €34,049
- Current portion of long-term debt -€8,592
down €8,592 (-37.7%), from €22,785 to €14,193
- Tax, wage and social debts -€5,201
down €5,201 (-12.9%), from €40,347 to €35,146
of which Taxes: -€26,931
- Gross operating margin +€81,460
up €81,460 (+47.6%), from €171,291 to €252,751
- Staff costs +€71,730
up €71,730 (+65.2%), from €109,942 to €181,672
- Depreciation +€8,269
up €8,269 (+97.0%), from €8,524 to €16,793
- Taxes +€6,226
up €6,226 (+36.4%), from €17,089 to €23,315
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 | €224,642 | €316,920 | +€92,278 | +41.1% |
| Fixed assets | 21/28 | €24,582 | €46,590 | +€22,008 | +89.5% |
| Tangible fixed assets | 22/27 | €24,582 | €46,590 | +€22,008 | +89.5% |
| Plant, machinery and equipment | 23 | €11,952 | €39,224 | +€27,272 | +228% |
| Furniture and vehicles | 24 | €7,249 | €3,332 | -€3,917 | -54.0% |
| Leasing and similar rights | 25 | €5,381 | €4,034 | -€1,347 | -25.0% |
| Current assets | 29/58 | €200,060 | €270,330 | +€70,270 | +35.1% |
| Amounts receivable within one year | 40/41 | €74,045 | €125,520 | +€51,475 | +69.5% |
| Trade receivables | 40 | €74,045 | €107,749 | +€33,704 | +45.5% |
| Other amounts receivable | 41 | - | €17,771 | +€17,771 | |
| Cash at bank and in hand | 54/58 | €125,136 | €125,941 | +€805 | +0.6% |
| Deferred charges and accrued income | 490/1 | €879 | €18,869 | +€17,990 | +2,047% |
| Total equity and liabilities | 10/49 | €224,642 | €316,920 | +€92,278 | +41.1% |
| Equity | 10/15 | €100,975 | €127,338 | +€26,363 | +26.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €63,289 | €63,289 | = | 0.0% |
| Distributable reserves | 133 | €63,289 | €63,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,686 | €34,049 | +€26,363 | +343% |
| Amounts payable | 17/49 | €123,667 | €189,582 | +€65,915 | +53.3% |
| Amounts payable after more than one year | 17 | €8,568 | €46,438 | +€37,870 | +442% |
| Financial debts | 170/4 | €8,568 | €46,438 | +€37,870 | +442% |
| Amounts payable within one year | 42/48 | €115,099 | €143,144 | +€28,045 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €22,785 | €14,193 | -€8,592 | -37.7% |
| Trade debts | 44 | €32,258 | €74,834 | +€42,576 | +132% |
| Suppliers | 440/4 | €32,258 | €74,834 | +€42,576 | +132% |
| Taxes, remuneration and social security | 45 | €40,347 | €35,146 | -€5,201 | -12.9% |
| Taxes | 450/3 | €34,100 | €7,169 | -€26,931 | -79.0% |
| Remuneration and social security | 454/9 | €6,247 | €27,977 | +€21,730 | +348% |
| Other amounts payable | 47/48 | €19,709 | €18,971 | -€738 | -3.7% |
| Remuneration, social security and pensions | 62 | €109,942 | €181,672 | +€71,730 | +65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,524 | €16,793 | +€8,269 | +97.0% |
| Other operating charges | 640/8 | €2,002 | €2,217 | +€215 | +10.7% |
| Gross operating margin | 9900 | €171,291 | €252,751 | +€81,460 | +47.6% |
| Operating profit (loss) | 9901 | €50,823 | €52,069 | +€1,246 | +2.5% |
| Financial income | 75/76B | €352 | €781 | +€429 | +122% |
| Recurring financial income | 75 | €352 | €781 | +€429 | +122% |
| Financial charges | 65/66B | €2,227 | €3,172 | +€945 | +42.4% |
| Recurring financial charges | 65 | €2,227 | €3,172 | +€945 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €48,948 | €49,678 | +€730 | +1.5% |
| Income taxes | 67/77 | €17,089 | €23,315 | +€6,226 | +36.4% |
| Profit (loss) for the period | 9904 | €31,859 | €26,363 | -€5,496 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,859 | €26,363 | -€5,496 | -17.3% |
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 30 October 2026 via checked.be.