BLAST: 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.
BLAST
Largest movements
- Financial fixed assets +€251,798
up €251,798 (+95.7%), from €263,202 to €515,000
- Cash -€32,870
down €32,870 (-94.0%), from €34,969 to €2,099
mainly Investment in fixed assets (net) (-€251,798) and Tax, wage and social debts (-€30,629)
- Receivables within one year +€7,642
up €7,642 (+1856.1%), from €412 to €8,054
of which Trade receivables: +€7,500
- Revaluation surpluses +€251,798
new in 2025: €251,798
- Advances received +€37,500
new in 2025: €37,500
- Tax, wage and social debts -€30,629
down €30,629 (-100.0%), from €30,629 to €0
- Debts after one year -€19,339
down €19,339 (-13.9%), from €139,100 to €119,762
- Profit (loss) carried forward -€7,343
down €7,343 (-42.9%), from -€17,131 to -€24,473
- Financial income +€11,409
up €11,409, from €0 to €11,409
- Gross operating margin -€2,805
down €2,805 (-25.3%), from -€11,081 to -€13,886
- Financial charges -€616
down €616 (-12.1%), from €5,082 to €4,466
- Other operating charges -€568
down €568 (-58.7%), from €968 to €400
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 | €298,582 | €525,464 | +€226,882 | +76.0% |
| Fixed assets | 21/28 | €263,202 | €515,000 | +€251,798 | +95.7% |
| Financial fixed assets | 28 | €263,202 | €515,000 | +€251,798 | +95.7% |
| Current assets | 29/58 | €35,381 | €10,464 | -€24,917 | -70.4% |
| Amounts receivable within one year | 40/41 | €412 | €8,054 | +€7,642 | +1856.1% |
| Trade receivables | 40 | €0 | €7,500 | +€7,500 | |
| Other amounts receivable | 41 | €412 | €554 | +€142 | +34.6% |
| Cash at bank and in hand | 54/58 | €34,969 | €2,099 | -€32,870 | -94.0% |
| Deferred charges and accrued income | 490/1 | - | €310 | +€310 | |
| Total equity and liabilities | 10/49 | €298,582 | €525,464 | +€226,882 | +76.0% |
| Equity | 10/15 | €83,065 | €327,521 | +€244,456 | +294.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €251,798 | +€251,798 | |
| Reserves | 13 | €81,596 | €81,596 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €81,596 | €81,596 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,131 | -€24,473 | -€7,343 | -42.9% |
| Amounts payable | 17/49 | €215,518 | €197,943 | -€17,574 | -8.2% |
| Amounts payable after more than one year | 17 | €139,100 | €119,762 | -€19,339 | -13.9% |
| Financial debts | 170/4 | €139,100 | €119,762 | -€19,339 | -13.9% |
| Amounts payable within one year | 42/48 | €72,360 | €74,124 | +€1,764 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €18,835 | €19,339 | +€503 | +2.7% |
| Trade debts | 44 | €1,531 | €449 | -€1,082 | -70.7% |
| Suppliers | 440/4 | €1,531 | €449 | -€1,082 | -70.7% |
| Advances received on contracts in progress | 46 | - | €37,500 | +€37,500 | |
| Taxes, remuneration and social security | 45 | €30,629 | €0 | -€30,629 | -100.0% |
| Taxes | 450/3 | €30,629 | €0 | -€30,629 | -100.0% |
| Other amounts payable | 47/48 | €21,365 | €16,837 | -€4,528 | -21.2% |
| Accrued charges and deferred income | 492/3 | €4,058 | €4,058 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €400 | -€568 | -58.7% |
| Gross operating margin | 9900 | -€11,081 | -€13,886 | -€2,805 | -25.3% |
| Operating profit (loss) | 9901 | -€12,049 | -€14,286 | -€2,237 | -18.6% |
| Financial income | 75/76B | €0 | €11,409 | +€11,409 | |
| Recurring financial income | 75 | €0 | €11,409 | +€11,409 | |
| Financial charges | 65/66B | €5,082 | €4,466 | -€616 | -12.1% |
| Recurring financial charges | 65 | €5,082 | €4,466 | -€616 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,131 | -€7,343 | +€9,788 | +57.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€17,131 | -€7,343 | +€9,788 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,131 | -€7,343 | +€9,788 | +57.1% |
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 12 October 2026 via checked.be.