BLATEC: 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.
BLATEC
Largest movements
- Cash +€249,826
up €249,826 (+38.2%), from €653,762 to €903,589
mainly Receivables within one year (+€148,556) and Net result for the year (+€135,519)
- Receivables within one year -€148,556
down €148,556 (-23.8%), from €623,163 to €474,607
of which Trade receivables: -€126,935
- Tangible fixed assets +€43,459
up €43,459 (+61.6%), from €70,529 to €113,988
of which Land and buildings: +€45,718
- Other debts +€125,200
up €125,200 (+30.1%), from €416,290 to €541,490
- Reserves +€35,519
up €35,519 (+5.1%), from €693,661 to €729,180
of which Distributable reserves: +€35,519
- Trade debts -€28,850
down €28,850 (-25.2%), from €114,277 to €85,427
- Staff costs +€47,155
up €47,155 (+31.8%), from €148,110 to €195,265
- Taxes -€9,230
down €9,230 (-37.5%), from €24,589 to €15,359
- Depreciation +€7,759
up €7,759 (+106%), from €7,348 to €15,107
- Gross operating margin -€4,613
down €4,613 (-1.3%), from €358,844 to €354,231
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 | €1,356,395 | €1,499,380 | +€142,985 | +10.5% |
| Fixed assets | 21/28 | €75,604 | €117,328 | +€41,724 | +55.2% |
| Intangible fixed assets | 21 | €5,075 | €3,341 | -€1,735 | -34.2% |
| Tangible fixed assets | 22/27 | €70,529 | €113,988 | +€43,459 | +61.6% |
| Land and buildings | 22 | €55,947 | €101,665 | +€45,718 | +81.7% |
| Plant, machinery and equipment | 23 | €12,599 | €10,339 | -€2,259 | -17.9% |
| Furniture and vehicles | 24 | €1,983 | €1,983 | = | 0.0% |
| Current assets | 29/58 | €1,280,791 | €1,382,052 | +€101,260 | +7.9% |
| Amounts receivable within one year | 40/41 | €623,163 | €474,607 | -€148,556 | -23.8% |
| Trade receivables | 40 | €237,811 | €110,876 | -€126,935 | -53.4% |
| Other amounts receivable | 41 | €385,352 | €363,731 | -€21,621 | -5.6% |
| Current investments | 50/53 | €232 | €232 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €653,762 | €903,589 | +€249,826 | +38.2% |
| Deferred charges and accrued income | 490/1 | €3,634 | €3,624 | -€10 | -0.3% |
| Total equity and liabilities | 10/49 | €1,356,395 | €1,499,380 | +€142,985 | +10.5% |
| Equity | 10/15 | €755,161 | €790,680 | +€35,519 | +4.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €693,661 | €729,180 | +€35,519 | +5.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €808 | €808 | = | 0.0% |
| Distributable reserves | 133 | €686,702 | €722,222 | +€35,519 | +5.2% |
| Amounts payable | 17/49 | €601,235 | €708,700 | +€107,465 | +17.9% |
| Amounts payable within one year | 42/48 | €601,235 | €708,700 | +€107,465 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €605 | €605 | = | 0.0% |
| Trade debts | 44 | €114,277 | €85,427 | -€28,850 | -25.2% |
| Suppliers | 440/4 | €114,277 | €85,427 | -€28,850 | -25.2% |
| Advances received on contracts in progress | 46 | €2,420 | €2,420 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €67,643 | €78,758 | +€11,115 | +16.4% |
| Taxes | 450/3 | €37,839 | €44,944 | +€7,104 | +18.8% |
| Remuneration and social security | 454/9 | €29,804 | €33,814 | +€4,011 | +13.5% |
| Other amounts payable | 47/48 | €416,290 | €541,490 | +€125,200 | +30.1% |
| Remuneration, social security and pensions | 62 | €148,110 | €195,265 | +€47,155 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,348 | €15,107 | +€7,759 | +106% |
| Other operating charges | 640/8 | €1,957 | €2,000 | +€43 | +2.2% |
| Gross operating margin | 9900 | €358,844 | €354,231 | -€4,613 | -1.3% |
| Operating profit (loss) | 9901 | €201,429 | €141,858 | -€59,571 | -29.6% |
| Financial income | 75/76B | €10,561 | €10,358 | -€203 | -1.9% |
| Recurring financial income | 75 | €10,561 | €10,358 | -€203 | -1.9% |
| Financial charges | 65/66B | €1,598 | €1,338 | -€260 | -16.2% |
| Recurring financial charges | 65 | €1,598 | €1,338 | -€260 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €210,393 | €150,879 | -€59,514 | -28.3% |
| Income taxes | 67/77 | €24,589 | €15,359 | -€9,230 | -37.5% |
| Profit (loss) for the period | 9904 | €185,804 | €135,519 | -€50,285 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €185,804 | €135,519 | -€50,285 | -27.1% |
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 27 October 2026 via checked.be.