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
- Cash +€47,044
up €47,044 (+84.2%), from €55,903 to €102,947
mainly Net result for the year (+€53,588) and Other debts (+€31,882)
- Deferred charges and accrued income +€18,287
up €18,287 (+709%), from €2,580 to €20,867
- Receivables within one year +€4,216
up €4,216 (+97.6%), from €4,317 to €8,533
of which Other amounts receivable: +€6,366
- Tangible fixed assets +€3,334
up €3,334 (+19.7%), from €16,909 to €20,243
of which Plant, machinery and equipment: +€4,095
- Other debts +€31,882
new in 2025: €31,882
- Trade debts +€24,942
up €24,942 (+605%), from €4,120 to €29,062
- Reserves +€20,028
up €20,028 (+44.3%), from €45,259 to €65,287
of which Distributable reserves: +€20,028
- Tax, wage and social debts -€4,018
down €4,018 (-34.5%), from €11,641 to €7,623
- Gross operating margin +€35,201
up €35,201 (+84.1%), from €41,881 to €77,082
- Taxes +€12,148
up €12,148 (+137%), from €8,886 to €21,034
- Depreciation +€791
up €791 (+52.3%), from €1,511 to €2,302
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 | €79,709 | €152,589 | +€72,881 | +91.4% |
| Fixed assets | 21/28 | €16,909 | €20,243 | +€3,334 | +19.7% |
| Tangible fixed assets | 22/27 | €16,909 | €20,243 | +€3,334 | +19.7% |
| Land and buildings | 22 | €12,328 | €12,028 | -€300 | -2.4% |
| Plant, machinery and equipment | 23 | €2,641 | €6,736 | +€4,095 | +155% |
| Furniture and vehicles | 24 | €1,939 | €1,478 | -€461 | -23.8% |
| Current assets | 29/58 | €62,800 | €132,347 | +€69,547 | +111% |
| Amounts receivable within one year | 40/41 | €4,317 | €8,533 | +€4,216 | +97.6% |
| Trade receivables | 40 | €2,150 | €0 | -€2,150 | -100% |
| Other amounts receivable | 41 | €2,167 | €8,533 | +€6,366 | +294% |
| Cash at bank and in hand | 54/58 | €55,903 | €102,947 | +€47,044 | +84.2% |
| Deferred charges and accrued income | 490/1 | €2,580 | €20,867 | +€18,287 | +709% |
| Total equity and liabilities | 10/49 | €79,709 | €152,589 | +€72,881 | +91.4% |
| Equity | 10/15 | €63,859 | €83,887 | +€20,028 | +31.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,259 | €65,287 | +€20,028 | +44.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €45,259 | €65,287 | +€20,028 | +44.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,849 | €68,702 | +€52,853 | +333% |
| Amounts payable within one year | 42/48 | €15,849 | €68,702 | +€52,853 | +333% |
| Financial debts | 43 | €88 | €135 | +€46 | +52.7% |
| Credit institutions | 430/8 | €88 | €135 | +€46 | +52.7% |
| Trade debts | 44 | €4,120 | €29,062 | +€24,942 | +605% |
| Suppliers | 440/4 | €4,120 | €29,062 | +€24,942 | +605% |
| Taxes, remuneration and social security | 45 | €11,641 | €7,623 | -€4,018 | -34.5% |
| Taxes | 450/3 | €11,641 | €7,623 | -€4,018 | -34.5% |
| Other amounts payable | 47/48 | - | €31,882 | +€31,882 | |
| Non-recurring operating income | 76A | €5,427 | €0 | -€5,427 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,511 | €2,302 | +€791 | +52.3% |
| Other operating charges | 640/8 | €495 | €472 | -€23 | -4.7% |
| Gross operating margin | 9900 | €41,881 | €77,082 | +€35,201 | +84.1% |
| Operating profit (loss) | 9901 | €39,875 | €74,309 | +€34,434 | +86.4% |
| Financial income | 75/76B | €127 | €523 | +€396 | +311% |
| Recurring financial income | 75 | €127 | €523 | +€396 | +311% |
| Financial charges | 65/66B | €218 | €210 | -€8 | -3.5% |
| Recurring financial charges | 65 | €218 | €210 | -€8 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €39,785 | €74,622 | +€34,837 | +87.6% |
| Income taxes | 67/77 | €8,886 | €21,034 | +€12,148 | +137% |
| Profit (loss) for the period | 9904 | €30,898 | €53,588 | +€22,690 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,898 | €53,588 | +€22,690 | +73.4% |
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 14 October 2026 via checked.be.