BLAISE MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€323,253
up €323,253 (+189%), from €170,593 to €493,846
mainly Other debts (+€422,450) and Net result for the year (+€186,714)
- Current investments -€140,000
down €140,000 (-100%), from €140,000 to €0
- Tangible fixed assets -€15,223
down €15,223 (-42.5%), from €35,858 to €20,635
- Deferred charges and accrued income +€6,934
up €6,934 (+622%), from €1,116 to €8,050
- Other debts +€422,450
new in 2025: €422,450
- Profit (loss) carried forward -€310,286
down €310,286 (-83.4%), from €372,077 to €61,791
- Tax, wage and social debts +€55,240
up €55,240 (+229%), from €24,126 to €79,366
of which Taxes: +€55,235
- Gross operating margin -€13,550
down €13,550 (-5.1%), from €266,586 to €253,037
- Taxes -€3,170
down €3,170 (-5.3%), from €59,659 to €56,489
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 | €402,657 | €574,180 | +€171,524 | +42.6% |
| Fixed assets | 21/28 | €35,858 | €20,635 | -€15,223 | -42.5% |
| Tangible fixed assets | 22/27 | €35,858 | €20,635 | -€15,223 | -42.5% |
| Furniture and vehicles | 24 | €35,858 | €20,635 | -€15,223 | -42.5% |
| Current assets | 29/58 | €366,799 | €553,545 | +€186,747 | +50.9% |
| Amounts receivable within one year | 40/41 | €55,090 | €51,650 | -€3,441 | -6.2% |
| Trade receivables | 40 | €54,651 | €51,633 | -€3,018 | -5.5% |
| Other amounts receivable | 41 | €439 | €17 | -€422 | -96.2% |
| Current investments | 50/53 | €140,000 | €0 | -€140,000 | -100% |
| Cash at bank and in hand | 54/58 | €170,593 | €493,846 | +€323,253 | +189% |
| Deferred charges and accrued income | 490/1 | €1,116 | €8,050 | +€6,934 | +622% |
| Total equity and liabilities | 10/49 | €402,657 | €574,180 | +€171,524 | +42.6% |
| Equity | 10/15 | €377,077 | €66,791 | -€310,286 | -82.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €372,077 | €61,791 | -€310,286 | -83.4% |
| Amounts payable | 17/49 | €25,580 | €507,390 | +€481,810 | +1,884% |
| Amounts payable within one year | 42/48 | €25,580 | €506,048 | +€480,468 | +1,878% |
| Trade debts | 44 | €1,454 | €4,232 | +€2,778 | +191% |
| Suppliers | 440/4 | €1,454 | €4,232 | +€2,778 | +191% |
| Taxes, remuneration and social security | 45 | €24,126 | €79,366 | +€55,240 | +229% |
| Taxes | 450/3 | €22,881 | €78,116 | +€55,235 | +241% |
| Remuneration and social security | 454/9 | €1,245 | €1,250 | +€5 | +0.4% |
| Other amounts payable | 47/48 | - | €422,450 | +€422,450 | |
| Accrued charges and deferred income | 492/3 | - | €1,342 | +€1,342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,223 | €15,223 | -€0 | 0.0% |
| Other operating charges | 640/8 | €378 | €392 | +€14 | +3.7% |
| Gross operating margin | 9900 | €266,586 | €253,037 | -€13,550 | -5.1% |
| Operating profit (loss) | 9901 | €250,985 | €237,422 | -€13,564 | -5.4% |
| Financial income | 75/76B | €3,747 | €5,786 | +€2,039 | +54.4% |
| Recurring financial income | 75 | €3,747 | €5,786 | +€2,039 | +54.4% |
| Financial charges | 65/66B | €7 | €4 | -€3 | -42.1% |
| Recurring financial charges | 65 | €7 | €4 | -€3 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €254,725 | €243,203 | -€11,522 | -4.5% |
| Income taxes | 67/77 | €59,659 | €56,489 | -€3,170 | -5.3% |
| Profit (loss) for the period | 9904 | €195,066 | €186,714 | -€8,352 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €195,066 | €186,714 | -€8,352 | -4.3% |
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 19 October 2026 via checked.be.