BLINKY.BLITZ: 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.
BLINKY.BLITZ
Largest movements
- Tangible fixed assets +€72,588
up €72,588 (+550%), from €13,190 to €85,779
of which Leasing and similar rights: +€70,378
- Receivables within one year -€11,375
down €11,375 (-13.0%), from €87,472 to €76,097
of which Trade receivables: -€15,905
- Intangible fixed assets -€4,200
down €4,200 (-57.1%), from €7,350 to €3,150
- Stocks and contracts +€2,321
up €2,321 (+36.3%), from €6,396 to €8,717
- Debts after one year +€55,196
new in 2025: €55,196
- Tax, wage and social debts +€24,361
up €24,361 (+61.9%), from €39,383 to €63,744
of which Remuneration and social security: +€30,202
- Trade debts -€22,455
down €22,455 (-52.3%), from €42,960 to €20,505
- Current portion of long-term debt +€14,908
up €14,908 (+1,112%), from €1,341 to €16,249
- Profit (loss) carried forward -€11,556
down €11,556 (-93.1%), from €12,413 to €857
- Staff costs +€32,448
up €32,448 (+10.6%), from €306,382 to €338,830
- Depreciation +€15,254
up €15,254 (+138%), from €11,063 to €26,317
- Financial charges +€12,556
up €12,556 (+487%), from €2,578 to €15,135
- Gross operating margin +€6,210
up €6,210 (+1.7%), from €365,679 to €371,889
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 | €124,046 | €184,500 | +€60,454 | +48.7% |
| Fixed assets | 21/28 | €20,756 | €89,145 | +€68,388 | +329% |
| Intangible fixed assets | 21 | €7,350 | €3,150 | -€4,200 | -57.1% |
| Tangible fixed assets | 22/27 | €13,190 | €85,779 | +€72,588 | +550% |
| Plant, machinery and equipment | 23 | €7,397 | €7,635 | +€238 | +3.2% |
| Furniture and vehicles | 24 | €5,793 | €7,766 | +€1,973 | +34.1% |
| Leasing and similar rights | 25 | - | €70,378 | +€70,378 | |
| Financial fixed assets | 28 | €216 | €216 | = | 0.0% |
| Current assets | 29/58 | €103,289 | €95,355 | -€7,934 | -7.7% |
| Stocks and contracts in progress | 3 | €6,396 | €8,717 | +€2,321 | +36.3% |
| Stocks | 30/36 | €6,396 | €8,717 | +€2,321 | +36.3% |
| Amounts receivable within one year | 40/41 | €87,472 | €76,097 | -€11,375 | -13.0% |
| Trade receivables | 40 | €86,945 | €71,040 | -€15,905 | -18.3% |
| Other amounts receivable | 41 | €527 | €5,057 | +€4,530 | +860% |
| Cash at bank and in hand | 54/58 | €5,738 | €7,093 | +€1,355 | +23.6% |
| Deferred charges and accrued income | 490/1 | €3,684 | €3,448 | -€235 | -6.4% |
| Total equity and liabilities | 10/49 | €124,046 | €184,500 | +€60,454 | +48.7% |
| Equity | 10/15 | €32,791 | €21,235 | -€11,556 | -35.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,778 | €1,778 | = | 0.0% |
| Distributable reserves | 133 | €1,778 | €1,778 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,413 | €857 | -€11,556 | -93.1% |
| Amounts payable | 17/49 | €91,255 | €163,265 | +€72,010 | +78.9% |
| Amounts payable after more than one year | 17 | - | €55,196 | +€55,196 | |
| Financial debts | 170/4 | - | €55,196 | +€55,196 | |
| Amounts payable within one year | 42/48 | €91,255 | €108,069 | +€16,814 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €1,341 | €16,249 | +€14,908 | +1,112% |
| Financial debts | 43 | €10 | €10 | = | 0.0% |
| Credit institutions | 430/8 | €10 | €10 | = | 0.0% |
| Trade debts | 44 | €42,960 | €20,505 | -€22,455 | -52.3% |
| Suppliers | 440/4 | €42,960 | €20,505 | -€22,455 | -52.3% |
| Taxes, remuneration and social security | 45 | €39,383 | €63,744 | +€24,361 | +61.9% |
| Taxes | 450/3 | €10,875 | €5,034 | -€5,841 | -53.7% |
| Remuneration and social security | 454/9 | €28,508 | €58,710 | +€30,202 | +106% |
| Other amounts payable | 47/48 | €7,561 | €7,561 | = | 0.0% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Remuneration, social security and pensions | 62 | €306,382 | €338,830 | +€32,448 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,063 | €26,317 | +€15,254 | +138% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €235 | +€235 | |
| Other operating charges | 640/8 | €2,507 | €2,929 | +€421 | +16.8% |
| Non-recurring operating charges | 66A | €500 | €0 | -€500 | -100% |
| Gross operating margin | 9900 | €365,679 | €371,889 | +€6,210 | +1.7% |
| Operating profit (loss) | 9901 | €45,227 | €3,578 | -€41,649 | -92.1% |
| Financial income | 75/76B | €170 | €1 | -€169 | -99.2% |
| Recurring financial income | 75 | €170 | €1 | -€169 | -99.2% |
| Financial charges | 65/66B | €2,578 | €15,135 | +€12,556 | +487% |
| Recurring financial charges | 65 | €2,578 | €15,135 | +€12,556 | +487% |
| Profit (loss) for the period before taxes | 9903 | €42,818 | -€11,556 | -€54,374 | |
| Income taxes | 67/77 | €3,139 | €0 | -€3,139 | -100% |
| Profit (loss) for the period | 9904 | €39,679 | -€11,556 | -€51,235 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,679 | -€11,556 | -€51,235 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.