BLASRO: 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.
BLASRO
Largest movements
- Cash +€22,866
up €22,866 (+44.8%), from €51,094 to €73,960
mainly Other debts (+€92,527) and Net result for the year (+€23,650)
- Tangible fixed assets -€12,462
down €12,462 (-25.9%), from €48,024 to €35,562
of which Furniture and vehicles: -€10,785
- Receivables within one year +€4,218
up €4,218 (+35.3%), from €11,943 to €16,161
of which Trade receivables: +€2,787
- Other debts +€92,527
up €92,527 (+1252.6%), from €7,387 to €99,914
- Profit (loss) carried forward -€72,350
down €72,350 (-98.6%), from €73,345 to €995
- Debts after one year -€3,971
down €3,971 (-30.3%), from €13,084 to €9,113
- Tax, wage and social debts -€3,100
down €3,100 (-28.7%), from €10,802 to €7,702
- Gross operating margin -€10,952
down €10,952 (-19.1%), from €57,434 to €46,482
- Depreciation +€7,341
up €7,341 (+143.3%), from €5,121 to €12,462
- Taxes -€3,546
down €3,546 (-30.5%), from €11,615 to €8,069
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,156 | €128,783 | +€14,627 | +12.8% |
| Fixed assets | 21/28 | €48,024 | €35,562 | -€12,462 | -25.9% |
| Tangible fixed assets | 22/27 | €48,024 | €35,562 | -€12,462 | -25.9% |
| Furniture and vehicles | 24 | €33,825 | €23,040 | -€10,785 | -31.9% |
| Other tangible fixed assets | 26 | €14,199 | €12,522 | -€1,676 | -11.8% |
| Current assets | 29/58 | €66,133 | €93,221 | +€27,088 | +41.0% |
| Amounts receivable within one year | 40/41 | €11,943 | €16,161 | +€4,218 | +35.3% |
| Trade receivables | 40 | €11,943 | €14,729 | +€2,787 | +23.3% |
| Other amounts receivable | 41 | - | €1,431 | +€1,431 | |
| Cash at bank and in hand | 54/58 | €51,094 | €73,960 | +€22,866 | +44.8% |
| Deferred charges and accrued income | 490/1 | €3,096 | €3,101 | +€5 | +0.2% |
| Total equity and liabilities | 10/49 | €114,156 | €128,783 | +€14,627 | +12.8% |
| Equity | 10/15 | €76,345 | €4,995 | -€71,350 | -93.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €1,000 | +€1,000 | |
| Distributable reserves | 133 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €73,345 | €995 | -€72,350 | -98.6% |
| Amounts payable | 17/49 | €37,812 | €123,788 | +€85,977 | +227.4% |
| Amounts payable after more than one year | 17 | €13,084 | €9,113 | -€3,971 | -30.3% |
| Financial debts | 170/4 | €13,084 | €9,113 | -€3,971 | -30.3% |
| Amounts payable within one year | 42/48 | €24,728 | €114,676 | +€89,947 | +363.7% |
| Current portion of amounts payable after more than one year | 42 | €3,829 | €3,971 | +€141 | +3.7% |
| Trade debts | 44 | €2,710 | €3,089 | +€379 | +14.0% |
| Suppliers | 440/4 | €2,710 | €3,089 | +€379 | +14.0% |
| Taxes, remuneration and social security | 45 | €10,802 | €7,702 | -€3,100 | -28.7% |
| Taxes | 450/3 | €10,802 | €7,702 | -€3,100 | -28.7% |
| Other amounts payable | 47/48 | €7,387 | €99,914 | +€92,527 | +1252.6% |
| Remuneration, social security and pensions | 62 | €912 | €480 | -€432 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,121 | €12,462 | +€7,341 | +143.3% |
| Other operating charges | 640/8 | €736 | €1,233 | +€497 | +67.5% |
| Gross operating margin | 9900 | €57,434 | €46,482 | -€10,952 | -19.1% |
| Operating profit (loss) | 9901 | €50,665 | €32,307 | -€18,358 | -36.2% |
| Financial income | 75/76B | €0 | €235 | +€235 | +587750.0% |
| Recurring financial income | 75 | €0 | €235 | +€235 | +587750.0% |
| Financial charges | 65/66B | €763 | €824 | +€60 | +7.9% |
| Recurring financial charges | 65 | €763 | €824 | +€60 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €49,902 | €31,719 | -€18,183 | -36.4% |
| Income taxes | 67/77 | €11,615 | €8,069 | -€3,546 | -30.5% |
| Profit (loss) for the period | 9904 | €38,287 | €23,650 | -€14,637 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,287 | €23,650 | -€14,637 | -38.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.