BLAISE-HIGNY: 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-HIGNY
Largest movements
- Cash -€19,791
down €19,791 (-87.1%), from €22,710 to €2,919
mainly Contributions, distributions and other (-€32,055) and Debts after one year (-€26,184)
- Tangible fixed assets -€16,246
down €16,246 (-5.3%), from €308,061 to €291,815
- Receivables within one year -€3,513
no longer reported in 2025 (was €3,513)
- Reserves -€30,104
down €30,104 (-21.8%), from €138,188 to €108,084
of which Distributable reserves: -€30,104
- Debts after one year -€26,184
down €26,184 (-31.8%), from €82,273 to €56,090
- Other debts +€20,957
new in 2025: €20,957
- Gross operating margin +€2,992
up €2,992 (+9.5%), from €31,438 to €34,430
- Other operating charges +€2,548
up €2,548 (+94.9%), from €2,684 to €5,233
- Financial charges -€1,812
down €1,812 (-22.5%), from €8,058 to €6,246
- Taxes +€787
up €787 (+19.7%), from €3,996 to €4,782
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 | €334,284 | €294,733 | -€39,551 | -11.8% |
| Fixed assets | 21/28 | €308,061 | €291,815 | -€16,246 | -5.3% |
| Tangible fixed assets | 22/27 | €308,061 | €291,815 | -€16,246 | -5.3% |
| Land and buildings | 22 | €308,061 | €291,815 | -€16,246 | -5.3% |
| Current assets | 29/58 | €26,223 | €2,919 | -€23,304 | -88.9% |
| Amounts receivable within one year | 40/41 | €3,513 | - | -€3,513 | |
| Trade receivables | 40 | €3,513 | - | -€3,513 | |
| Cash at bank and in hand | 54/58 | €22,710 | €2,919 | -€19,791 | -87.1% |
| Total equity and liabilities | 10/49 | €334,284 | €294,733 | -€39,551 | -11.8% |
| Equity | 10/15 | €204,005 | €173,901 | -€30,104 | -14.8% |
| Contributions | 10/11 | €7,038 | €7,038 | = | 0.0% |
| Reserves | 13 | €138,188 | €108,084 | -€30,104 | -21.8% |
| Non-distributable reserves | 130/1 | €3,881 | €3,881 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,881 | €3,881 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,626 | €20,626 | = | 0.0% |
| Distributable reserves | 133 | €113,681 | €83,577 | -€30,104 | -26.5% |
| Profit (loss) carried forward | 14 | €58,779 | €58,779 | = | 0.0% |
| Provisions and deferred taxes | 16 | €13,880 | €13,880 | = | 0.0% |
| Deferred taxes | 168 | €13,880 | €13,880 | = | 0.0% |
| Amounts payable | 17/49 | €116,399 | €106,953 | -€9,446 | -8.1% |
| Amounts payable after more than one year | 17 | €82,273 | €56,090 | -€26,184 | -31.8% |
| Financial debts | 170/4 | €82,273 | €56,090 | -€26,184 | -31.8% |
| Amounts payable within one year | 42/48 | €34,126 | €49,891 | +€15,765 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €30,063 | €27,184 | -€2,879 | -9.6% |
| Taxes, remuneration and social security | 45 | €4,063 | €1,750 | -€2,313 | -56.9% |
| Taxes | 450/3 | €4,063 | €1,750 | -€2,313 | -56.9% |
| Other amounts payable | 47/48 | - | €20,957 | +€20,957 | |
| Accrued charges and deferred income | 492/3 | - | €972 | +€972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,121 | €16,246 | +€125 | +0.8% |
| Other operating charges | 640/8 | €2,684 | €5,233 | +€2,548 | +94.9% |
| Gross operating margin | 9900 | €31,438 | €34,430 | +€2,992 | +9.5% |
| Operating profit (loss) | 9901 | €12,633 | €12,951 | +€318 | +2.5% |
| Financial income | 75/76B | €323 | €28 | -€294 | -91.2% |
| Recurring financial income | 75 | €323 | €28 | -€294 | -91.2% |
| Financial charges | 65/66B | €8,058 | €6,246 | -€1,812 | -22.5% |
| Recurring financial charges | 65 | €8,058 | €6,246 | -€1,812 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €4,897 | €6,733 | +€1,836 | +37.5% |
| Transfer from deferred taxes | 780 | €1,820 | - | -€1,820 | |
| Income taxes | 67/77 | €3,996 | €4,782 | +€787 | +19.7% |
| Profit (loss) for the period | 9904 | €2,722 | €1,951 | -€772 | -28.3% |
| Transfer from tax-exempt reserves | 789 | €2,659 | - | -€2,659 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,381 | €1,951 | -€3,430 | -63.7% |
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 16 October 2026 via checked.be.