BLASCO: what changed
Two fiscal 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.
What changed
BLASCO
NACE 25.530, Machining of metals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€66,671
2024 · €2.7m-€2.6m
Equity
€3.7m
2024 · €3.6m+€66,671
Cash
€45,771
2024 · €20,781+€24,990
Balance sheet total
€4.2m
2024 · €4.2m+€16,967
Largest movements
Assets
- Tangible fixed assets -€50,689
down €50,689 (-9.6%), from €529,661 to €478,972
of which Plant, machinery and equipment: -€50,689
- Receivables within one year +€43,261
up €43,261 (+2.9%), from €1.5m to €1.5m
Equity and liabilities
- Trade debts -€272,326
down €272,326 (-87.8%), from €310,290 to €37,963
- Debts after one year +€158,927
up €158,927 (+169.7%), from €93,676 to €252,603
- Reserves +€66,671
up €66,671 (+1.9%), from €3.6m to €3.6m
of which Distributable reserves: +€85,782
- Current portion of long-term debt +€63,004
up €63,004 (+201.7%), from €31,236 to €94,240
Income statement
- Financial income -€2.6m
down €2.6m (-98.9%), from €2.6m to €29,207
of which Non-recurring financial income: -€2.3m
- Depreciation +€55,607
up €55,607 (+465.9%), from €11,936 to €67,542
- Financial charges -€46,120
down €46,120 (-76.5%), from €60,295 to €14,175
- Gross operating margin -€30,343
down €30,343 (-6.3%), from €481,916 to €451,573
- Taxes +€22,984
new in 2025: €22,984
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.
Result 2024
€2.7m
Gross operating margin
-€30,343
Staff costs
-€3,311
Depreciation
-€55,607
Other operating charges
-€515
Financial income
-€2.6m
Financial charges
+€46,120
Taxes
-€22,984
Deferred taxes and other
+€39,609
Result 2025
€66,671
Cash bridge derived
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.
From operations
-€180,089
Investment
-€16,852
Financing
+€221,931
Cash 2024
€20,781
From operations (derived)
-€180,089
Net result for the year
+€66,671
Depreciation
+€67,542
Smaller working-capital items
+€1,107
Receivables within one year
-€43,261
Provisions
-€6,370
Trade debts
-€272,326
Tax, wage and social debts
+€12,111
Other debts
-€5,563
Investment (derived)
-€16,852
Investment in fixed assets (net)
-€16,852
Financing
+€221,931
Debts after one year
+€158,927
Current portion of long-term debt
+€63,004
Cash 2025
€45,771
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,207,549 | €4,224,516 | +€16,967 | +0.4% |
| Fixed assets | 21/28 | €2,681,045 | €2,630,355 | -€50,690 | -1.9% |
| Tangible fixed assets | 22/27 | €529,661 | €478,972 | -€50,689 | -9.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €297,161 | €246,472 | -€50,689 | -17.1% |
| Other tangible fixed assets | 26 | €232,500 | €232,500 | = | 0.0% |
| Financial fixed assets | 28 | €2,151,384 | €2,151,383 | -€1 | 0.0% |
| Current assets | 29/58 | €1,526,503 | €1,594,161 | +€67,658 | +4.4% |
| Stocks and contracts in progress | 3 | €14,545 | €14,109 | -€436 | -3.0% |
| Stocks | 30/36 | €14,545 | €14,109 | -€436 | -3.0% |
| Amounts receivable within one year | 40/41 | €1,490,525 | €1,533,786 | +€43,261 | +2.9% |
| Other amounts receivable | 41 | €1,490,525 | €1,533,786 | +€43,261 | +2.9% |
| Cash at bank and in hand | 54/58 | €20,781 | €45,771 | +€24,990 | +120.3% |
| Deferred charges and accrued income | 490/1 | €652 | €494 | -€158 | -24.2% |
| Total equity and liabilities | 10/49 | €4,207,549 | €4,224,516 | +€16,967 | +0.4% |
| Equity | 10/15 | €3,615,671 | €3,682,343 | +€66,671 | +1.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,553,671 | €3,620,343 | +€66,671 | +1.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €107,481 | €88,370 | -€19,111 | -17.8% |
| Distributable reserves | 133 | €3,439,991 | €3,525,773 | +€85,782 | +2.5% |
| Provisions and deferred taxes | 16 | €87,229 | €80,859 | -€6,370 | -7.3% |
| Provisions for liabilities and charges | 160/5 | €53,991 | €53,991 | = | 0.0% |
| Pensions and similar obligations | 160 | €53,991 | €53,991 | = | 0.0% |
| Deferred taxes | 168 | €33,239 | €26,868 | -€6,370 | -19.2% |
| Amounts payable | 17/49 | €504,648 | €461,314 | -€43,334 | -8.6% |
| Amounts payable after more than one year | 17 | €93,676 | €252,603 | +€158,927 | +169.7% |
| Financial debts | 170/4 | €93,676 | €252,603 | +€158,927 | +169.7% |
| Amounts payable within one year | 42/48 | €410,690 | €207,915 | -€202,774 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €31,236 | €94,240 | +€63,004 | +201.7% |
| Trade debts | 44 | €310,290 | €37,963 | -€272,326 | -87.8% |
| Suppliers | 440/4 | €310,290 | €37,963 | -€272,326 | -87.8% |
| Taxes, remuneration and social security | 45 | €63,601 | €75,712 | +€12,111 | +19.0% |
| Taxes | 450/3 | €15,848 | €29,139 | +€13,291 | +83.9% |
| Remuneration and social security | 454/9 | €47,753 | €46,573 | -€1,180 | -2.5% |
| Other amounts payable | 47/48 | €5,563 | €0 | -€5,563 | -100.0% |
| Accrued charges and deferred income | 492/3 | €283 | €796 | +€514 | +181.7% |
| Non-recurring operating income | 76A | €134,564 | €0 | -€134,564 | -100.0% |
| Remuneration, social security and pensions | 62 | €311,157 | €314,467 | +€3,311 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,936 | €67,542 | +€55,607 | +465.9% |
| Other operating charges | 640/8 | €795 | €1,310 | +€515 | +64.9% |
| Gross operating margin | 9900 | €481,916 | €451,573 | -€30,343 | -6.3% |
| Operating profit (loss) | 9901 | €158,030 | €68,253 | -€89,776 | -56.8% |
| Financial income | 75/76B | €2,632,206 | €29,207 | -€2.6m | -98.9% |
| Recurring financial income | 75 | €330,127 | €29,207 | -€300,920 | -91.2% |
| Non-recurring financial income | 76B | €2,302,078 | €0 | -€2.3m | -100.0% |
| Financial charges | 65/66B | €60,295 | €14,175 | -€46,120 | -76.5% |
| Recurring financial charges | 65 | €60,295 | €14,175 | -€46,120 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €2,729,941 | €83,285 | -€2.6m | -96.9% |
| Transfer from deferred taxes | 780 | €402 | €6,370 | +€5,968 | +1483.9% |
| Transfer to deferred taxes | 680 | €33,641 | €0 | -€33,641 | -100.0% |
| Income taxes | 67/77 | - | €22,984 | +€22,984 | |
| Profit (loss) for the period | 9904 | €2,696,702 | €66,671 | -€2.6m | -97.5% |
| Transfer from tax-exempt reserves | 789 | €1,207 | €19,111 | +€17,904 | +1483.9% |
| Transfer to tax-exempt reserves | 689 | €100,923 | €0 | -€100,923 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,596,986 | €85,782 | -€2.5m | -96.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.