BLIKSEMLICHT: 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.
BLIKSEMLICHT
Largest movements
- Tangible fixed assets -€55,721
down €55,721 (-99.3%), from €56,119 to €397
of which Furniture and vehicles: -€55,646
- Receivables within one year +€37,912
up €37,912 (+169%), from €22,498 to €60,411
of which Trade receivables: +€45,005
- Cash -€21,892
down €21,892 (-27.2%), from €80,467 to €58,575
mainly Debts after one year (-€43,888) and Receivables within one year (-€37,912)
- Debts after one year -€43,888
down €43,888 (-100%), from €43,888 to €0
- Current portion of long-term debt +€30,684
up €30,684 (+232%), from €13,204 to €43,888
- Reserves -€16,096
down €16,096 (-19.5%), from €82,361 to €66,264
- Profit (loss) carried forward -€12,315
new in 2025: -€12,315
- Gross operating margin -€24,583
down €24,583, from €22,457 to -€2,125
- Staff costs -€7,365
down €7,365 (-100%), from €7,365 to €0
- Depreciation -€3,398
down €3,398 (-58.5%), from €5,808 to €2,410
- Taxes -€2,532
down €2,532 (-94.7%), from €2,673 to €141
- Financial charges +€964
up €964 (+79.4%), from €1,214 to €2,178
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 | €161,710 | €121,781 | -€39,929 | -24.7% |
| Fixed assets | 21/28 | €56,119 | €397 | -€55,721 | -99.3% |
| Tangible fixed assets | 22/27 | €56,119 | €397 | -€55,721 | -99.3% |
| Plant, machinery and equipment | 23 | €75 | €0 | -€75 | -100% |
| Furniture and vehicles | 24 | €56,044 | €397 | -€55,646 | -99.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €105,591 | €121,384 | +€15,792 | +15.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €22,498 | €60,411 | +€37,912 | +169% |
| Trade receivables | 40 | €15,187 | €60,192 | +€45,005 | +296% |
| Other amounts receivable | 41 | €7,312 | €219 | -€7,093 | -97.0% |
| Cash at bank and in hand | 54/58 | €80,467 | €58,575 | -€21,892 | -27.2% |
| Deferred charges and accrued income | 490/1 | €2,626 | €2,398 | -€228 | -8.7% |
| Total equity and liabilities | 10/49 | €161,710 | €121,781 | -€39,929 | -24.7% |
| Equity | 10/15 | €100,961 | €72,549 | -€28,411 | -28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,361 | €66,264 | -€16,096 | -19.5% |
| Distributable reserves | 133 | €82,361 | €66,264 | -€16,096 | -19.5% |
| Profit (loss) carried forward | 14 | - | -€12,315 | -€12,315 | |
| Amounts payable | 17/49 | €60,750 | €49,232 | -€11,518 | -19.0% |
| Amounts payable after more than one year | 17 | €43,888 | €0 | -€43,888 | -100% |
| Financial debts | 170/4 | €43,888 | €0 | -€43,888 | -100% |
| Amounts payable within one year | 42/48 | €16,861 | €49,232 | +€32,370 | +192% |
| Current portion of amounts payable after more than one year | 42 | €13,204 | €43,888 | +€30,684 | +232% |
| Financial debts | 43 | €1 | €0 | -€1 | -100% |
| Other loans | 439 | €1 | €0 | -€1 | -100% |
| Trade debts | 44 | €983 | €1,557 | +€574 | +58.4% |
| Suppliers | 440/4 | €983 | €1,557 | +€574 | +58.4% |
| Taxes, remuneration and social security | 45 | €2,673 | €3,787 | +€1,114 | +41.7% |
| Taxes | 450/3 | €2,673 | €3,787 | +€1,114 | +41.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €48,916 | €0 | -€48,916 | -100% |
| Remuneration, social security and pensions | 62 | €7,365 | €0 | -€7,365 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,808 | €2,410 | -€3,398 | -58.5% |
| Other operating charges | 640/8 | €766 | €1,038 | +€271 | +35.4% |
| Non-recurring operating charges | 66A | €0 | €6,295 | +€6,295 | |
| Gross operating margin | 9900 | €22,457 | -€2,125 | -€24,583 | |
| Operating profit (loss) | 9901 | €8,518 | -€11,868 | -€20,385 | |
| Financial income | 75/76B | €21 | €12 | -€9 | -42.5% |
| Recurring financial income | 75 | €21 | €12 | -€9 | -42.5% |
| Financial charges | 65/66B | €1,214 | €2,178 | +€964 | +79.4% |
| Recurring financial charges | 65 | €1,214 | €2,178 | +€964 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | €7,324 | -€14,034 | -€21,358 | |
| Income taxes | 67/77 | €2,673 | €141 | -€2,532 | -94.7% |
| Profit (loss) for the period | 9904 | €4,652 | -€14,175 | -€18,826 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,652 | -€14,175 | -€18,826 |
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 22 October 2026 via checked.be.