BLAT: 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.
BLAT
Largest movements
- Receivables within one year +€70,685
up €70,685 (+86.9%), from €81,354 to €152,039
of which Other amounts receivable: +€66,085
- Cash +€11,459
up €11,459 (+1,247%), from €919 to €12,378
mainly Net result for the year (+€48,482) and Tax, wage and social debts (+€23,000)
- Intangible fixed assets -€9,000
down €9,000 (-25.0%), from €36,000 to €27,000
- Tangible fixed assets -€2,488
down €2,488 (-27.1%), from €9,167 to €6,679
of which Furniture and vehicles: -€2,333
- Reserves +€48,482
up €48,482 (+60.8%), from €79,728 to €128,210
- Tax, wage and social debts +€23,000
up €23,000 (+51.1%), from €45,019 to €68,019
- Gross operating margin -€50,093
down €50,093 (-37.9%), from €132,168 to €82,075
- Taxes -€14,886
down €14,886 (-39.6%), from €37,554 to €22,668
- Financial income +€2,886
up €2,886 (+364%), from €792 to €3,678
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 | €127,440 | €199,073 | +€71,633 | +56.2% |
| Fixed assets | 21/28 | €45,167 | €33,679 | -€11,488 | -25.4% |
| Intangible fixed assets | 21 | €36,000 | €27,000 | -€9,000 | -25.0% |
| Tangible fixed assets | 22/27 | €9,167 | €6,679 | -€2,488 | -27.1% |
| Plant, machinery and equipment | 23 | €4,500 | €4,346 | -€154 | -3.4% |
| Furniture and vehicles | 24 | €4,667 | €2,333 | -€2,333 | -50.0% |
| Current assets | 29/58 | €82,273 | €165,394 | +€83,121 | +101% |
| Amounts receivable within one year | 40/41 | €81,354 | €152,039 | +€70,685 | +86.9% |
| Trade receivables | 40 | €46,299 | €50,899 | +€4,600 | +9.9% |
| Other amounts receivable | 41 | €35,055 | €101,140 | +€66,085 | +189% |
| Cash at bank and in hand | 54/58 | €919 | €12,378 | +€11,459 | +1,247% |
| Deferred charges and accrued income | 490/1 | - | €978 | +€978 | |
| Total equity and liabilities | 10/49 | €127,440 | €199,073 | +€71,633 | +56.2% |
| Equity | 10/15 | €81,728 | €130,210 | +€48,482 | +59.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €79,728 | €128,210 | +€48,482 | +60.8% |
| Distributable reserves | 133 | €79,728 | €128,210 | +€48,482 | +60.8% |
| Amounts payable | 17/49 | €45,712 | €68,864 | +€23,152 | +50.6% |
| Amounts payable within one year | 42/48 | €45,712 | €68,864 | +€23,152 | +50.6% |
| Trade debts | 44 | €692 | €845 | +€152 | +22.0% |
| Suppliers | 440/4 | €692 | €845 | +€152 | +22.0% |
| Taxes, remuneration and social security | 45 | €45,019 | €68,019 | +€23,000 | +51.1% |
| Taxes | 450/3 | €45,019 | €68,019 | +€23,000 | +51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,583 | €13,674 | +€90 | +0.7% |
| Other operating charges | 640/8 | €1,644 | €834 | -€810 | -49.3% |
| Gross operating margin | 9900 | €132,168 | €82,075 | -€50,093 | -37.9% |
| Operating profit (loss) | 9901 | €116,941 | €67,568 | -€49,373 | -42.2% |
| Financial income | 75/76B | €792 | €3,678 | +€2,886 | +364% |
| Recurring financial income | 75 | €792 | €3,678 | +€2,886 | +364% |
| Financial charges | 65/66B | €451 | €96 | -€354 | -78.6% |
| Recurring financial charges | 65 | €451 | €96 | -€354 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €117,282 | €71,149 | -€46,133 | -39.3% |
| Income taxes | 67/77 | €37,554 | €22,668 | -€14,886 | -39.6% |
| Profit (loss) for the period | 9904 | €79,728 | €48,482 | -€31,247 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €79,728 | €48,482 | -€31,247 | -39.2% |
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 27 October 2026 via checked.be.