Blaise S. & Co: 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 S. & Co
Largest movements
- Receivables within one year +€17,508
up €17,508 (+164%), from €10,683 to €28,192
of which Trade receivables: +€9,451
- Tangible fixed assets -€10,066
down €10,066 (-13.9%), from €72,520 to €62,454
of which Furniture and vehicles: -€9,001
- Cash -€7,927
down €7,927 (-50.2%), from €15,785 to €7,858
mainly Receivables within one year (-€17,508) and Investment in fixed assets (net) (-€9,141)
- Debts after one year -€6,641
down €6,641 (-19.2%), from €34,506 to €27,865
- Reserves +€5,991
up €5,991 (+18.7%), from €32,083 to €38,074
- Gross operating margin -€10,024
down €10,024 (-24.3%), from €41,275 to €31,251
- Taxes -€2,628
down €2,628 (-61.7%), from €4,256 to €1,628
- Depreciation +€1,765
up €1,765 (+10.1%), from €17,443 to €19,207
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 | €99,396 | €99,754 | +€358 | +0.4% |
| Fixed assets | 21/28 | €72,520 | €62,454 | -€10,066 | -13.9% |
| Tangible fixed assets | 22/27 | €72,520 | €62,454 | -€10,066 | -13.9% |
| Plant, machinery and equipment | 23 | €12,510 | €11,444 | -€1,066 | -8.5% |
| Furniture and vehicles | 24 | €60,011 | €51,010 | -€9,001 | -15.0% |
| Current assets | 29/58 | €26,876 | €37,300 | +€10,424 | +38.8% |
| Amounts receivable within one year | 40/41 | €10,683 | €28,192 | +€17,508 | +164% |
| Trade receivables | 40 | €3,051 | €12,502 | +€9,451 | +310% |
| Other amounts receivable | 41 | €7,632 | €15,689 | +€8,057 | +106% |
| Cash at bank and in hand | 54/58 | €15,785 | €7,858 | -€7,927 | -50.2% |
| Deferred charges and accrued income | 490/1 | €408 | €1,250 | +€842 | +207% |
| Total equity and liabilities | 10/49 | €99,396 | €99,754 | +€358 | +0.4% |
| Equity | 10/15 | €39,083 | €45,074 | +€5,991 | +15.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €32,083 | €38,074 | +€5,991 | +18.7% |
| Distributable reserves | 133 | €32,083 | €38,074 | +€5,991 | +18.7% |
| Amounts payable | 17/49 | €60,313 | €54,680 | -€5,634 | -9.3% |
| Amounts payable after more than one year | 17 | €34,506 | €27,865 | -€6,641 | -19.2% |
| Financial debts | 170/4 | €34,506 | €27,865 | -€6,641 | -19.2% |
| Amounts payable within one year | 42/48 | €25,607 | €26,415 | +€808 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €12,299 | €12,488 | +€189 | +1.5% |
| Trade debts | 44 | €2,544 | €2,775 | +€230 | +9.1% |
| Suppliers | 440/4 | €2,544 | €2,775 | +€230 | +9.1% |
| Taxes, remuneration and social security | 45 | €10,764 | €11,152 | +€388 | +3.6% |
| Taxes | 450/3 | €10,764 | €11,152 | +€388 | +3.6% |
| Accrued charges and deferred income | 492/3 | €200 | €400 | +€200 | +100% |
| Non-recurring operating income | 76A | €11,597 | - | -€11,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,443 | €19,207 | +€1,765 | +10.1% |
| Other operating charges | 640/8 | €585 | €673 | +€88 | +15.1% |
| Non-recurring operating charges | 66A | - | €1,608 | +€1,608 | |
| Gross operating margin | 9900 | €41,275 | €31,251 | -€10,024 | -24.3% |
| Operating profit (loss) | 9901 | €23,248 | €9,763 | -€13,485 | -58.0% |
| Financial income | 75/76B | €198 | €119 | -€79 | -39.9% |
| Recurring financial income | 75 | €198 | €119 | -€79 | -39.9% |
| Financial charges | 65/66B | €2,290 | €2,263 | -€28 | -1.2% |
| Recurring financial charges | 65 | €2,290 | €2,263 | -€28 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €21,155 | €7,619 | -€13,536 | -64.0% |
| Income taxes | 67/77 | €4,256 | €1,628 | -€2,628 | -61.7% |
| Profit (loss) for the period | 9904 | €16,899 | €5,991 | -€10,908 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,899 | €5,991 | -€10,908 | -64.5% |
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 14 October 2026 via checked.be.