Blay Consulting: 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.
Blay Consulting
Largest movements
- Cash +€33,688
up €33,688 (+138%), from €24,455 to €58,143
mainly Provisions (+€73,904) and Depreciation (+€3,149)
- Tangible fixed assets +€7,239
up €7,239 (+62.1%), from €11,652 to €18,891
of which Other tangible fixed assets: +€6,461
- Receivables within one year +€1,293
up €1,293 (+3.7%), from €35,351 to €36,644
of which Other amounts receivable: +€4,065
- Provisions +€73,904
new in 2025: €73,904
- Reserves -€25,868
down €25,868 (-42.3%), from €61,162 to €35,294
- Tax, wage and social debts -€4,399
down €4,399 (-72.5%), from €6,070 to €1,671
- Other debts -€2,934
down €2,934 (-100%), from €2,934 to €0
- Provisions +€73,904
new in 2025: €73,904
- Gross operating margin -€17,458
down €17,458 (-20.3%), from €86,212 to €68,754
- Taxes -€2,566
down €2,566 (-15.3%), from €16,737 to €14,171
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 | €72,179 | €114,165 | +€41,986 | +58.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €11,652 | €18,891 | +€7,239 | +62.1% |
| Tangible fixed assets | 22/27 | €11,652 | €18,891 | +€7,239 | +62.1% |
| Plant, machinery and equipment | 23 | €4,053 | €3,080 | -€973 | -24.0% |
| Furniture and vehicles | 24 | €645 | €2,396 | +€1,751 | +272% |
| Other tangible fixed assets | 26 | €6,954 | €13,415 | +€6,461 | +92.9% |
| Current assets | 29/58 | €60,527 | €95,274 | +€34,747 | +57.4% |
| Amounts receivable within one year | 40/41 | €35,351 | €36,644 | +€1,293 | +3.7% |
| Trade receivables | 40 | €35,278 | €32,506 | -€2,772 | -7.9% |
| Other amounts receivable | 41 | €73 | €4,138 | +€4,065 | +5,569% |
| Cash at bank and in hand | 54/58 | €24,455 | €58,143 | +€33,688 | +138% |
| Deferred charges and accrued income | 490/1 | €721 | €487 | -€234 | -32.5% |
| Total equity and liabilities | 10/49 | €72,179 | €114,165 | +€41,986 | +58.2% |
| Equity | 10/15 | €62,162 | €36,294 | -€25,868 | -41.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €61,162 | €35,294 | -€25,868 | -42.3% |
| Distributable reserves | 133 | €61,162 | €35,294 | -€25,868 | -42.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | - | €73,904 | +€73,904 | |
| Provisions for liabilities and charges | 160/5 | - | €73,904 | +€73,904 | |
| Other liabilities and charges | 164/5 | - | €73,904 | +€73,904 | |
| Amounts payable | 17/49 | €10,018 | €3,967 | -€6,051 | -60.4% |
| Amounts payable within one year | 42/48 | €10,018 | €3,058 | -€6,960 | -69.5% |
| Trade debts | 44 | €1,014 | €1,387 | +€373 | +36.8% |
| Suppliers | 440/4 | €1,014 | €1,387 | +€373 | +36.8% |
| Taxes, remuneration and social security | 45 | €6,070 | €1,671 | -€4,399 | -72.5% |
| Taxes | 450/3 | €6,070 | €1,671 | -€4,399 | -72.5% |
| Other amounts payable | 47/48 | €2,934 | €0 | -€2,934 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €909 | +€909 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,272 | €3,149 | -€123 | -3.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €73,904 | +€73,904 | |
| Other operating charges | 640/8 | €678 | €650 | -€27 | -4.0% |
| Gross operating margin | 9900 | €86,212 | €68,754 | -€17,458 | -20.3% |
| Operating profit (loss) | 9901 | €82,262 | -€8,950 | -€91,212 | |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €3,152 | €2,760 | -€392 | -12.4% |
| Recurring financial charges | 65 | €3,152 | €2,760 | -€392 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €79,111 | -€11,697 | -€90,808 | |
| Income taxes | 67/77 | €16,737 | €14,171 | -€2,566 | -15.3% |
| Profit (loss) for the period | 9904 | €62,374 | -€25,868 | -€88,242 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,374 | -€25,868 | -€88,242 |
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 25 October 2026 via checked.be.