BLAZOEN: what changed
Two fiscal 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.
BLAZOEN
Largest movements
- Tangible fixed assets +€48,611
up €48,611 (+7.0%), from €696,240 to €744,851
of which Land and buildings: +€46,438
- Debts after one year +€64,835
up €64,835 (+9.1%), from €715,585 to €780,420
of which Financial debts: +€64,835
- Profit (loss) carried forward -€61,221
down €61,221 (-35.1%), from -€174,203 to -€235,424
- Other debts +€34,970
up €34,970 (+27.8%), from €125,959 to €160,930
- Trade debts -€23,010
down €23,010 (-71.6%), from €32,137 to €9,127
- Current portion of long-term debt +€20,771
up €20,771 (+123.6%), from €16,800 to €37,571
- Gross operating margin +€34,615
up €34,615, from -€14,266 to €20,349
- Depreciation +€22,552
up €22,552 (+62.2%), from €36,261 to €58,813
- Financial charges +€2,378
up €2,378 (+13.1%), from €18,172 to €20,550
- Other operating charges -€431
down €431 (-14.3%), from €3,023 to €2,592
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.
Cash bridge derived
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 | €719,279 | €755,649 | +€36,370 | +5.1% |
| Fixed assets | 21/28 | €696,240 | €744,851 | +€48,611 | +7.0% |
| Tangible fixed assets | 22/27 | €696,240 | €744,851 | +€48,611 | +7.0% |
| Land and buildings | 22 | €695,709 | €742,146 | +€46,438 | +6.7% |
| Plant, machinery and equipment | 23 | €532 | €2,704 | +€2,173 | +408.8% |
| Current assets | 29/58 | €23,039 | €10,798 | -€12,240 | -53.1% |
| Amounts receivable within one year | 40/41 | €13,401 | €6,908 | -€6,492 | -48.4% |
| Trade receivables | 40 | €3,127 | €0 | -€3,127 | -100.0% |
| Other amounts receivable | 41 | €10,274 | €6,908 | -€3,365 | -32.8% |
| Cash at bank and in hand | 54/58 | €8,562 | €1,876 | -€6,686 | -78.1% |
| Deferred charges and accrued income | 490/1 | €1,076 | €2,014 | +€939 | +87.3% |
| Total equity and liabilities | 10/49 | €719,279 | €755,649 | +€36,370 | +5.1% |
| Equity | 10/15 | -€171,203 | -€232,424 | -€61,221 | -35.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,203 | -€235,424 | -€61,221 | -35.1% |
| Amounts payable | 17/49 | €890,482 | €988,073 | +€97,591 | +11.0% |
| Amounts payable after more than one year | 17 | €715,585 | €780,420 | +€64,835 | +9.1% |
| Financial debts | 170/4 | €700,585 | €765,420 | +€64,835 | +9.3% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €174,896 | €207,653 | +€32,757 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €16,800 | €37,571 | +€20,771 | +123.6% |
| Trade debts | 44 | €32,137 | €9,127 | -€23,010 | -71.6% |
| Suppliers | 440/4 | €32,137 | €9,127 | -€23,010 | -71.6% |
| Taxes, remuneration and social security | 45 | - | €26 | +€26 | |
| Taxes | 450/3 | - | €26 | +€26 | |
| Other amounts payable | 47/48 | €125,959 | €160,930 | +€34,970 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,261 | €58,813 | +€22,552 | +62.2% |
| Other operating charges | 640/8 | €3,023 | €2,592 | -€431 | -14.3% |
| Gross operating margin | 9900 | -€14,266 | €20,349 | +€34,615 | |
| Operating profit (loss) | 9901 | -€53,550 | -€41,056 | +€12,494 | +23.3% |
| Financial income | 75/76B | €347 | €384 | +€37 | +10.7% |
| Recurring financial income | 75 | €347 | €384 | +€37 | +10.7% |
| Financial charges | 65/66B | €18,172 | €20,550 | +€2,378 | +13.1% |
| Recurring financial charges | 65 | €18,172 | €20,550 | +€2,378 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | -€71,375 | -€61,221 | +€10,154 | +14.2% |
| Profit (loss) for the period | 9904 | -€71,375 | -€61,221 | +€10,154 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,375 | -€61,221 | +€10,154 | +14.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.