Blazers & Blazers: 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.
Blazers & Blazers
Largest movements
- Cash -€48,070
down €48,070 (-29.2%), from €164,877 to €116,806
mainly Contributions, distributions and other (-€92,000) and Investment in fixed assets (net) (-€47,796)
- Tangible fixed assets +€38,853
up €38,853 (+594%), from €6,537 to €45,390
of which Furniture and vehicles: +€39,241
- Receivables within one year +€7,689
up €7,689 (+21.3%), from €36,105 to €43,794
of which Other amounts receivable: +€7,049
- Other debts -€40,328
down €40,328 (-34.6%), from €116,688 to €76,360
- Profit (loss) carried forward +€29,268
up €29,268 (+292,682,800%), from €0 to €29,268
- Tax, wage and social debts +€16,867
up €16,867 (+77.0%), from €21,908 to €38,776
of which Taxes: +€14,688
- Trade debts -€7,305
down €7,305 (-28.3%), from €25,803 to €18,498
- Gross operating margin +€27,411
up €27,411 (+19.0%), from €144,106 to €171,517
- Taxes +€3,152
up €3,152 (+10.1%), from €31,288 to €34,440
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 | €396,450 | €394,130 | -€2,320 | -0.6% |
| Fixed assets | 21/28 | €6,537 | €45,390 | +€38,853 | +594% |
| Tangible fixed assets | 22/27 | €6,537 | €45,390 | +€38,853 | +594% |
| Furniture and vehicles | 24 | €3,380 | €42,621 | +€39,241 | +1,161% |
| Other tangible fixed assets | 26 | €3,158 | €2,769 | -€389 | -12.3% |
| Current assets | 29/58 | €389,913 | €348,740 | -€41,173 | -10.6% |
| Stocks and contracts in progress | 3 | €184,181 | €182,886 | -€1,296 | -0.7% |
| Stocks | 30/36 | €184,181 | €182,886 | -€1,296 | -0.7% |
| Amounts receivable within one year | 40/41 | €36,105 | €43,794 | +€7,689 | +21.3% |
| Trade receivables | 40 | €6,209 | €6,848 | +€640 | +10.3% |
| Other amounts receivable | 41 | €29,896 | €36,945 | +€7,049 | +23.6% |
| Cash at bank and in hand | 54/58 | €164,877 | €116,806 | -€48,070 | -29.2% |
| Deferred charges and accrued income | 490/1 | €4,750 | €5,254 | +€505 | +10.6% |
| Total equity and liabilities | 10/49 | €396,450 | €394,130 | -€2,320 | -0.6% |
| Equity | 10/15 | €224,246 | €253,514 | +€29,268 | +13.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €221,246 | €221,246 | = | 0.0% |
| Distributable reserves | 133 | €221,246 | €221,246 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €29,268 | +€29,268 | +292,682,800% |
| Amounts payable | 17/49 | €172,204 | €140,615 | -€31,588 | -18.3% |
| Amounts payable within one year | 42/48 | €164,400 | €133,634 | -€30,766 | -18.7% |
| Trade debts | 44 | €25,803 | €18,498 | -€7,305 | -28.3% |
| Suppliers | 440/4 | €25,803 | €18,498 | -€7,305 | -28.3% |
| Taxes, remuneration and social security | 45 | €21,908 | €38,776 | +€16,867 | +77.0% |
| Taxes | 450/3 | €21,908 | €36,596 | +€14,688 | +67.0% |
| Remuneration and social security | 454/9 | - | €2,180 | +€2,180 | |
| Other amounts payable | 47/48 | €116,688 | €76,360 | -€40,328 | -34.6% |
| Accrued charges and deferred income | 492/3 | €7,804 | €6,981 | -€823 | -10.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,006 | €8,944 | -€62 | -0.7% |
| Other operating charges | 640/8 | €2,077 | €2,207 | +€130 | +6.3% |
| Gross operating margin | 9900 | €144,106 | €171,517 | +€27,411 | +19.0% |
| Operating profit (loss) | 9901 | €133,023 | €160,366 | +€27,343 | +20.6% |
| Financial income | 75/76B | €5,376 | €3,742 | -€1,634 | -30.4% |
| Recurring financial income | 75 | €5,376 | €3,742 | -€1,634 | -30.4% |
| Financial charges | 65/66B | €9,114 | €8,400 | -€714 | -7.8% |
| Recurring financial charges | 65 | €9,114 | €8,400 | -€714 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €129,285 | €155,708 | +€26,423 | +20.4% |
| Income taxes | 67/77 | €31,288 | €34,440 | +€3,152 | +10.1% |
| Profit (loss) for the period | 9904 | €97,997 | €121,268 | +€23,271 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,997 | €121,268 | +€23,271 | +23.7% |
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 29 October 2026 via checked.be.