Blaker: 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.
Blaker
Largest movements
- Cash +€45,713
up €45,713 (+37.5%), from €121,980 to €167,693
mainly Net result for the year (+€74,012) and Other debts (+€45,379)
- Receivables within one year -€9,794
down €9,794 (-29.9%), from €32,784 to €22,990
of which Trade receivables: -€9,680
- Tangible fixed assets +€6,718
up €6,718 (+141%), from €4,749 to €11,467
- Deferred charges and accrued income -€2,255
down €2,255 (-90.8%), from €2,483 to €228
- Other debts +€45,379
up €45,379 (+38.5%), from €117,918 to €163,297
- Tax, wage and social debts -€3,388
down €3,388 (-15.5%), from €21,787 to €18,399
of which Taxes: -€3,388
- Gross operating margin +€52,506
up €52,506 (+112%), from €46,849 to €99,355
- Taxes +€10,438
up €10,438 (+113%), from €9,248 to €19,686
- Depreciation +€3,065
up €3,065 (+702%), from €436 to €3,501
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 | €161,996 | €202,378 | +€40,382 | +24.9% |
| Fixed assets | 21/28 | €4,749 | €11,467 | +€6,718 | +141% |
| Tangible fixed assets | 22/27 | €4,749 | €11,467 | +€6,718 | +141% |
| Furniture and vehicles | 24 | €4,749 | €11,467 | +€6,718 | +141% |
| Current assets | 29/58 | €157,247 | €190,910 | +€33,664 | +21.4% |
| Amounts receivable within one year | 40/41 | €32,784 | €22,990 | -€9,794 | -29.9% |
| Trade receivables | 40 | €32,670 | €22,990 | -€9,680 | -29.6% |
| Other amounts receivable | 41 | €114 | €0 | -€114 | -100% |
| Cash at bank and in hand | 54/58 | €121,980 | €167,693 | +€45,713 | +37.5% |
| Deferred charges and accrued income | 490/1 | €2,483 | €228 | -€2,255 | -90.8% |
| Total equity and liabilities | 10/49 | €161,996 | €202,378 | +€40,382 | +24.9% |
| Equity | 10/15 | €20,080 | €19,092 | -€988 | -4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €425 | €425 | = | 0.0% |
| Distributable reserves | 133 | €425 | €425 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,054 | €66 | -€988 | -93.7% |
| Amounts payable | 17/49 | €141,916 | €183,286 | +€41,370 | +29.2% |
| Amounts payable within one year | 42/48 | €141,916 | €183,286 | +€41,370 | +29.2% |
| Trade debts | 44 | €2,212 | €1,590 | -€622 | -28.1% |
| Suppliers | 440/4 | €2,212 | €1,590 | -€622 | -28.1% |
| Taxes, remuneration and social security | 45 | €21,787 | €18,399 | -€3,388 | -15.5% |
| Taxes | 450/3 | €16,287 | €12,899 | -€3,388 | -20.8% |
| Remuneration and social security | 454/9 | €5,500 | €5,500 | = | 0.0% |
| Other amounts payable | 47/48 | €117,918 | €163,297 | +€45,379 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436 | €3,501 | +€3,065 | +702% |
| Other operating charges | 640/8 | €772 | €1,049 | +€278 | +36.0% |
| Gross operating margin | 9900 | €46,849 | €99,355 | +€52,506 | +112% |
| Operating profit (loss) | 9901 | €45,641 | €94,805 | +€49,164 | +108% |
| Financial charges | 65/66B | €1,602 | €1,107 | -€495 | -30.9% |
| Recurring financial charges | 65 | €1,602 | €1,107 | -€495 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €44,039 | €93,698 | +€49,659 | +113% |
| Income taxes | 67/77 | €9,248 | €19,686 | +€10,438 | +113% |
| Profit (loss) for the period | 9904 | €34,791 | €74,012 | +€39,221 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €34,791 | €74,012 | +€39,221 | +113% |
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 24 October 2026 via checked.be.