BLAISE FOURRAGES: 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 FOURRAGES
Largest movements
- Tangible fixed assets -€24,602
down €24,602 (-32.0%), from €76,794 to €52,192
of which Furniture and vehicles: -€22,400
- Stocks and contracts -€12,172
down €12,172 (-26.7%), from €45,540 to €33,368
- Deferred charges and accrued income +€3,881
up €3,881 (+94.4%), from €4,113 to €7,994
- Cash +€2,153
up €2,153 (+142%), from €1,511 to €3,664
mainly Depreciation (+€24,602) and Stocks and contracts (+€12,172)
- Current portion of long-term debt -€28,877
down €28,877 (-96.6%), from €29,898 to €1,022
- Profit (loss) carried forward +€12,854
up €12,854 (+53.5%), from -€24,007 to -€11,153
- Tax, wage and social debts -€7,030
down €7,030 (-33.3%), from €21,132 to €14,102
of which Remuneration and social security: -€8,506
- Reserves -€6,795
down €6,795 (-27.4%), from €24,771 to €17,976
of which Tax-exempt reserves: -€8,655
- Debts after one year +€5,073
up €5,073 (+17.0%), from €29,767 to €34,840
of which Other amounts payable: +€8,789
- Staff costs -€27,710
down €27,710 (-82.3%), from €33,669 to €5,960
- Other operating charges -€22,989
down €22,989 (-95.5%), from €24,083 to €1,094
- Gross operating margin -€21,001
down €21,001 (-33.1%), from €63,466 to €42,465
- Taxes +€3,874
new in 2025: €3,874
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 | €208,524 | €177,848 | -€30,676 | -14.7% |
| Fixed assets | 21/28 | €76,794 | €52,192 | -€24,602 | -32.0% |
| Tangible fixed assets | 22/27 | €76,794 | €52,192 | -€24,602 | -32.0% |
| Land and buildings | 22 | €27,696 | €25,956 | -€1,740 | -6.3% |
| Plant, machinery and equipment | 23 | €3,555 | €3,093 | -€462 | -13.0% |
| Furniture and vehicles | 24 | €45,544 | €23,144 | -€22,400 | -49.2% |
| Current assets | 29/58 | €131,730 | €125,656 | -€6,074 | -4.6% |
| Stocks and contracts in progress | 3 | €45,540 | €33,368 | -€12,172 | -26.7% |
| Stocks | 30/36 | €45,540 | €33,368 | -€12,172 | -26.7% |
| Amounts receivable within one year | 40/41 | €80,565 | €80,630 | +€65 | +0.1% |
| Trade receivables | 40 | €80,565 | €80,630 | +€65 | +0.1% |
| Cash at bank and in hand | 54/58 | €1,511 | €3,664 | +€2,153 | +142% |
| Deferred charges and accrued income | 490/1 | €4,113 | €7,994 | +€3,881 | +94.4% |
| Total equity and liabilities | 10/49 | €208,524 | €177,848 | -€30,676 | -14.7% |
| Equity | 10/15 | €19,364 | €25,423 | +€6,059 | +31.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,771 | €17,976 | -€6,795 | -27.4% |
| Tax-exempt reserves | 132 | €24,771 | €16,116 | -€8,655 | -34.9% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€24,007 | -€11,153 | +€12,854 | +53.5% |
| Provisions and deferred taxes | 16 | €6,193 | €4,029 | -€2,164 | -34.9% |
| Deferred taxes | 168 | €6,193 | €4,029 | -€2,164 | -34.9% |
| Amounts payable | 17/49 | €182,967 | €148,396 | -€34,571 | -18.9% |
| Amounts payable after more than one year | 17 | €29,767 | €34,840 | +€5,073 | +17.0% |
| Financial debts | 170/4 | €3,715 | - | -€3,715 | |
| Other amounts payable | 178/9 | €26,051 | €34,840 | +€8,789 | +33.7% |
| Amounts payable within one year | 42/48 | €153,182 | €112,482 | -€40,700 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €29,898 | €1,022 | -€28,877 | -96.6% |
| Financial debts | 43 | €5,112 | €5,147 | +€35 | +0.7% |
| Credit institutions | 430/8 | €5,112 | €5,147 | +€35 | +0.7% |
| Trade debts | 44 | €97,040 | €92,212 | -€4,828 | -5.0% |
| Suppliers | 440/4 | €97,040 | €92,212 | -€4,828 | -5.0% |
| Taxes, remuneration and social security | 45 | €21,132 | €14,102 | -€7,030 | -33.3% |
| Taxes | 450/3 | €12,626 | €14,102 | +€1,476 | +11.7% |
| Remuneration and social security | 454/9 | €8,506 | - | -€8,506 | |
| Accrued charges and deferred income | 492/3 | €19 | €1,075 | +€1,056 | +5,659% |
| Non-recurring operating income | 76A | - | €1,743 | +€1,743 | |
| Remuneration, social security and pensions | 62 | €33,669 | €5,960 | -€27,710 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,602 | €24,602 | = | 0.0% |
| Other operating charges | 640/8 | €24,083 | €1,094 | -€22,989 | -95.5% |
| Non-recurring operating charges | 66A | - | €125 | +€125 | |
| Gross operating margin | 9900 | €63,466 | €42,465 | -€21,001 | -33.1% |
| Operating profit (loss) | 9901 | -€18,888 | €10,685 | +€29,572 | |
| Financial income | 75/76B | €1 | €8 | +€7 | +950% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +950% |
| Financial charges | 65/66B | €2,944 | €2,923 | -€21 | -0.7% |
| Recurring financial charges | 65 | €2,944 | €2,923 | -€21 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,832 | €7,769 | +€29,600 | |
| Transfer from deferred taxes | 780 | €2,164 | €2,164 | = | 0.0% |
| Income taxes | 67/77 | - | €3,874 | +€3,874 | |
| Profit (loss) for the period | 9904 | -€19,668 | €6,059 | +€25,727 | |
| Transfer from tax-exempt reserves | 789 | €8,655 | €8,655 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,013 | €14,714 | +€25,727 |
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 28 October 2026 via checked.be.