BLECKER-MARTINEZ: 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.
BLECKER-MARTINEZ
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€187,584
up €187,584 (+145.6%), from €128,873 to €316,457
- Other debts -€151,141
down €151,141 (-54.2%), from €278,803 to €127,662
- Debts after one year -€43,693
down €43,693 (-32.7%), from €133,763 to €90,070
- Financial income +€140,000
new in 2025: €140,000
- Gross operating margin -€20,580
down €20,580 (-23.7%), from €86,717 to €66,137
- Taxes -€4,284
down €4,284 (-25.6%), from €16,728 to €12,444
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 | €598,269 | €592,566 | -€5,703 | -1.0% |
| Fixed assets | 21/28 | €584,618 | €584,618 | = | 0.0% |
| Financial fixed assets | 28 | €584,618 | €584,618 | = | 0.0% |
| Current assets | 29/58 | €13,651 | €7,949 | -€5,703 | -41.8% |
| Amounts receivable within one year | 40/41 | €4,884 | €586 | -€4,298 | -88.0% |
| Trade receivables | 40 | €4,861 | €30 | -€4,831 | -99.4% |
| Other amounts receivable | 41 | €23 | €556 | +€533 | +2312.4% |
| Cash at bank and in hand | 54/58 | €8,768 | €6,572 | -€2,195 | -25.0% |
| Deferred charges and accrued income | 490/1 | - | €791 | +€791 | |
| Total equity and liabilities | 10/49 | €598,269 | €592,566 | -€5,703 | -1.0% |
| Equity | 10/15 | €138,873 | €326,457 | +€187,584 | +135.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,873 | €316,457 | +€187,584 | +145.6% |
| Amounts payable | 17/49 | €459,396 | €266,109 | -€193,287 | -42.1% |
| Amounts payable after more than one year | 17 | €133,763 | €90,070 | -€43,693 | -32.7% |
| Financial debts | 170/4 | €133,763 | €90,070 | -€43,693 | -32.7% |
| Amounts payable within one year | 42/48 | €325,633 | €176,039 | -€149,594 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €42,822 | €43,693 | +€871 | +2.0% |
| Trade debts | 44 | €1,185 | €3,611 | +€2,426 | +204.7% |
| Suppliers | 440/4 | €1,185 | €3,611 | +€2,426 | +204.7% |
| Taxes, remuneration and social security | 45 | €2,823 | €1,073 | -€1,749 | -62.0% |
| Taxes | 450/3 | €2,823 | €1,073 | -€1,749 | -62.0% |
| Other amounts payable | 47/48 | €278,803 | €127,662 | -€151,141 | -54.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €86,717 | €66,137 | -€20,580 | -23.7% |
| Operating profit (loss) | 9901 | €86,330 | €65,738 | -€20,592 | -23.9% |
| Financial income | 75/76B | - | €140,000 | +€140,000 | |
| Recurring financial income | 75 | - | €140,000 | +€140,000 | |
| Financial charges | 65/66B | €6,558 | €5,709 | -€849 | -12.9% |
| Recurring financial charges | 65 | €6,558 | €5,709 | -€849 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €79,772 | €200,029 | +€120,257 | +150.8% |
| Income taxes | 67/77 | €16,728 | €12,444 | -€4,284 | -25.6% |
| Profit (loss) for the period | 9904 | €63,044 | €187,584 | +€124,541 | +197.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,044 | €187,584 | +€124,541 | +197.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.