BLASQ: 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.
BLASQ
Largest movements
- Receivables within one year -€198,296
down €198,296 (-53.4%), from €371,240 to €172,945
of which Trade receivables: -€197,657
- Cash -€66,114
down €66,114 (-31.5%), from €209,740 to €143,626
mainly Other debts (-€251,650) and Contributions, distributions and other (-€73,000)
- Tangible fixed assets -€10,992
down €10,992 (-34.9%), from €31,494 to €20,502
- Other debts -€251,650
down €251,650 (-46.6%), from €540,479 to €288,830
- Accrued charges and deferred income -€15,897
down €15,897 (-100%), from €15,897 to €0
- Debts after one year -€9,015
down €9,015 (-51.5%), from €17,503 to €8,488
- Financial charges -€16,138
down €16,138 (-95.5%), from €16,891 to €753
- Taxes +€1,363
up €1,363 (+7.8%), from €17,534 to €18,897
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 | €612,955 | €337,748 | -€275,206 | -44.9% |
| Fixed assets | 21/28 | €31,494 | €20,502 | -€10,992 | -34.9% |
| Tangible fixed assets | 22/27 | €31,494 | €20,502 | -€10,992 | -34.9% |
| Furniture and vehicles | 24 | €31,494 | €20,502 | -€10,992 | -34.9% |
| Current assets | 29/58 | €581,461 | €317,246 | -€264,215 | -45.4% |
| Amounts receivable within one year | 40/41 | €371,240 | €172,945 | -€198,296 | -53.4% |
| Trade receivables | 40 | €370,602 | €172,945 | -€197,657 | -53.3% |
| Other amounts receivable | 41 | €639 | €0 | -€639 | -100% |
| Cash at bank and in hand | 54/58 | €209,740 | €143,626 | -€66,114 | -31.5% |
| Deferred charges and accrued income | 490/1 | €480 | €675 | +€195 | +40.5% |
| Total equity and liabilities | 10/49 | €612,955 | €337,748 | -€275,206 | -44.9% |
| Equity | 10/15 | €20,622 | €20,633 | +€11 | +0.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217 | €228 | +€11 | +5.0% |
| Amounts payable | 17/49 | €592,333 | €317,115 | -€275,217 | -46.5% |
| Amounts payable after more than one year | 17 | €17,503 | €8,488 | -€9,015 | -51.5% |
| Financial debts | 170/4 | €17,503 | €8,488 | -€9,015 | -51.5% |
| Amounts payable within one year | 42/48 | €558,933 | €308,627 | -€250,305 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €8,766 | €9,015 | +€249 | +2.8% |
| Trade debts | 44 | €1,123 | €1,831 | +€708 | +63.1% |
| Suppliers | 440/4 | €1,123 | €1,831 | +€708 | +63.1% |
| Taxes, remuneration and social security | 45 | €8,565 | €8,951 | +€387 | +4.5% |
| Taxes | 450/3 | €8,565 | €8,951 | +€387 | +4.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €540,479 | €288,830 | -€251,650 | -46.6% |
| Accrued charges and deferred income | 492/3 | €15,897 | €0 | -€15,897 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,725 | €10,992 | +€267 | +2.5% |
| Other operating charges | 640/8 | €533 | €584 | +€51 | +9.6% |
| Gross operating margin | 9900 | €103,513 | €103,429 | -€84 | -0.1% |
| Operating profit (loss) | 9901 | €92,256 | €91,854 | -€402 | -0.4% |
| Financial income | 75/76B | €575 | €807 | +€232 | +40.3% |
| Recurring financial income | 75 | €575 | €807 | +€232 | +40.3% |
| Financial charges | 65/66B | €16,891 | €753 | -€16,138 | -95.5% |
| Recurring financial charges | 65 | €16,891 | €753 | -€16,138 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | €75,940 | €91,908 | +€15,968 | +21.0% |
| Income taxes | 67/77 | €17,534 | €18,897 | +€1,363 | +7.8% |
| Profit (loss) for the period | 9904 | €58,406 | €73,011 | +€14,605 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,406 | €73,011 | +€14,605 | +25.0% |
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.