BLAKE: 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.
BLAKE
Largest movements
- Tangible fixed assets -€16,361
down €16,361 (-4.6%), from €352,153 to €335,792
of which Land and buildings: -€16,159
- Receivables within one year +€11,776
new in 2025: €11,776
of which Trade receivables: +€10,899
- Profit (loss) carried forward -€22,015
down €22,015 (-33.3%), from -€66,027 to -€88,042
- Current portion of long-term debt +€6,626
up €6,626 (+69.8%), from €9,498 to €16,124
- Other debts +€6,315
up €6,315 (+9.3%), from €67,900 to €74,215
- Accrued charges and deferred income +€4,792
new in 2025: €4,792
- Turnover -€33,978
no longer reported in 2025 (was €33,978)
- Purchases and services -€20,962
no longer reported in 2025 (was €20,962)
- Financial charges +€4,792
up €4,792 (+56.9%), from €8,426 to €13,218
- Gross operating margin -€3,465
down €3,465 (-26.6%), from €13,016 to €9,551
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 | €353,755 | €348,929 | -€4,826 | -1.4% |
| Fixed assets | 21/28 | €352,153 | €335,792 | -€16,361 | -4.6% |
| Tangible fixed assets | 22/27 | €352,153 | €335,792 | -€16,361 | -4.6% |
| Land and buildings | 22 | €351,667 | €335,508 | -€16,159 | -4.6% |
| Furniture and vehicles | 24 | €486 | €284 | -€202 | -41.7% |
| Current assets | 29/58 | €1,602 | €13,137 | +€11,535 | +720% |
| Amounts receivable within one year | 40/41 | - | €11,776 | +€11,776 | |
| Trade receivables | 40 | - | €10,899 | +€10,899 | |
| Other amounts receivable | 41 | - | €877 | +€877 | |
| Cash at bank and in hand | 54/58 | €1,602 | €1,362 | -€240 | -15.0% |
| Total equity and liabilities | 10/49 | €353,755 | €348,929 | -€4,826 | -1.4% |
| Equity | 10/15 | €58,973 | €36,958 | -€22,015 | -37.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,027 | -€88,042 | -€22,015 | -33.3% |
| Amounts payable | 17/49 | €294,782 | €311,971 | +€17,189 | +5.8% |
| Amounts payable after more than one year | 17 | €217,184 | €216,841 | -€343 | -0.2% |
| Financial debts | 170/4 | €217,184 | €216,841 | -€343 | -0.2% |
| Amounts payable within one year | 42/48 | €77,598 | €90,338 | +€12,740 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €9,498 | €16,124 | +€6,626 | +69.8% |
| Trade debts | 44 | €41 | €0 | -€41 | -100% |
| Suppliers | 440/4 | €41 | €0 | -€41 | -100% |
| Taxes, remuneration and social security | 45 | €159 | €0 | -€159 | -100% |
| Taxes | 450/3 | €159 | €0 | -€159 | -100% |
| Other amounts payable | 47/48 | €67,900 | €74,215 | +€6,315 | +9.3% |
| Accrued charges and deferred income | 492/3 | - | €4,792 | +€4,792 | |
| Turnover | 70 | €33,978 | - | -€33,978 | |
| Goods, raw materials, services and sundry goods | 60/61 | €20,962 | - | -€20,962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,172 | €16,362 | +€190 | +1.2% |
| Other operating charges | 640/8 | €2,146 | €1,987 | -€159 | -7.4% |
| Gross operating margin | 9900 | €13,016 | €9,551 | -€3,465 | -26.6% |
| Operating profit (loss) | 9901 | -€5,302 | -€8,797 | -€3,495 | -65.9% |
| Financial charges | 65/66B | €8,426 | €13,218 | +€4,792 | +56.9% |
| Recurring financial charges | 65 | €8,426 | €13,218 | +€4,792 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,728 | -€22,015 | -€8,287 | -60.4% |
| Profit (loss) for the period | 9904 | -€13,728 | -€22,015 | -€8,287 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,728 | -€22,015 | -€8,287 | -60.4% |
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 17 October 2026 via checked.be.