BLITS: 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.
BLITS
Largest movements
- Receivables within one year +€113,630
up €113,630 (+18.8%), from €603,490 to €717,120
of which Trade receivables: +€115,208
- Tangible fixed assets -€52,892
down €52,892 (-23.5%), from €225,073 to €172,181
of which Furniture and vehicles: -€29,278
- Stocks and contracts -€43,966
down €43,966 (-20.0%), from €219,545 to €175,579
of which Contracts in progress: -€41,020
- Intangible fixed assets -€25,000
down €25,000 (-66.7%), from €37,500 to €12,500
- Trade debts -€80,752
down €80,752 (-27.5%), from €293,384 to €212,632
- Profit (loss) carried forward +€70,106
up €70,106 (+17.3%), from -€405,370 to -€335,263
- Tax, wage and social debts -€16,102
down €16,102 (-9.7%), from €166,493 to €150,391
of which Taxes: -€9,884
- Gross operating margin +€42,443
up €42,443 (+5.1%), from €832,847 to €875,291
- Depreciation -€15,276
down €15,276 (-14.7%), from €103,631 to €88,355
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 | €1,383,350 | €1,360,147 | -€23,203 | -1.7% |
| Fixed assets | 21/28 | €279,521 | €201,629 | -€77,892 | -27.9% |
| Intangible fixed assets | 21 | €37,500 | €12,500 | -€25,000 | -66.7% |
| Tangible fixed assets | 22/27 | €225,073 | €172,181 | -€52,892 | -23.5% |
| Plant, machinery and equipment | 23 | €40,240 | €35,021 | -€5,218 | -13.0% |
| Furniture and vehicles | 24 | €74,254 | €44,975 | -€29,278 | -39.4% |
| Other tangible fixed assets | 26 | €110,580 | €92,185 | -€18,395 | -16.6% |
| Financial fixed assets | 28 | €16,948 | €16,948 | = | 0.0% |
| Current assets | 29/58 | €1,103,828 | €1,158,518 | +€54,689 | +5.0% |
| Stocks and contracts in progress | 3 | €219,545 | €175,579 | -€43,966 | -20.0% |
| Stocks | 30/36 | €105,525 | €102,579 | -€2,946 | -2.8% |
| Contracts in progress | 37 | €114,020 | €73,000 | -€41,020 | -36.0% |
| Amounts receivable within one year | 40/41 | €603,490 | €717,120 | +€113,630 | +18.8% |
| Trade receivables | 40 | €597,294 | €712,503 | +€115,208 | +19.3% |
| Other amounts receivable | 41 | €6,196 | €4,618 | -€1,578 | -25.5% |
| Cash at bank and in hand | 54/58 | €270,873 | €258,394 | -€12,479 | -4.6% |
| Deferred charges and accrued income | 490/1 | €9,920 | €7,424 | -€2,496 | -25.2% |
| Total equity and liabilities | 10/49 | €1,383,350 | €1,360,147 | -€23,203 | -1.7% |
| Equity | 10/15 | -€174,370 | -€104,263 | +€70,106 | +40.2% |
| Contributions | 10/11 | €231,000 | €231,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€405,370 | -€335,263 | +€70,106 | +17.3% |
| Amounts payable | 17/49 | €1,557,719 | €1,464,410 | -€93,309 | -6.0% |
| Amounts payable after more than one year | 17 | €1,089,029 | €1,088,864 | -€165 | 0.0% |
| Other amounts payable | 178/9 | €1,089,029 | €1,088,864 | -€165 | 0.0% |
| Amounts payable within one year | 42/48 | €468,690 | €375,546 | -€93,144 | -19.9% |
| Trade debts | 44 | €293,384 | €212,632 | -€80,752 | -27.5% |
| Suppliers | 440/4 | €293,384 | €212,632 | -€80,752 | -27.5% |
| Advances received on contracts in progress | 46 | €2,850 | €2,535 | -€315 | -11.1% |
| Taxes, remuneration and social security | 45 | €166,493 | €150,391 | -€16,102 | -9.7% |
| Taxes | 450/3 | €68,863 | €58,979 | -€9,884 | -14.4% |
| Remuneration and social security | 454/9 | €97,631 | €91,412 | -€6,218 | -6.4% |
| Other amounts payable | 47/48 | €5,962 | €9,987 | +€4,025 | +67.5% |
| Remuneration, social security and pensions | 62 | €693,587 | €699,414 | +€5,827 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,631 | €88,355 | -€15,276 | -14.7% |
| Other operating charges | 640/8 | €7,627 | €10,573 | +€2,946 | +38.6% |
| Non-recurring operating charges | 66A | €18,176 | - | -€18,176 | |
| Gross operating margin | 9900 | €832,847 | €875,291 | +€42,443 | +5.1% |
| Operating profit (loss) | 9901 | €9,827 | €76,948 | +€67,121 | +683.0% |
| Financial income | 75/76B | €678 | €400 | -€277 | -40.9% |
| Recurring financial income | 75 | €678 | €400 | -€277 | -40.9% |
| Financial charges | 65/66B | €5,787 | €1,748 | -€4,040 | -69.8% |
| Recurring financial charges | 65 | €5,787 | €1,748 | -€4,040 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | €4,717 | €75,601 | +€70,883 | +1502.6% |
| Income taxes | 67/77 | -€2,272 | €5,494 | +€7,766 | |
| Profit (loss) for the period | 9904 | €6,989 | €70,106 | +€63,117 | +903.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,989 | €70,106 | +€63,117 | +903.0% |
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 4 October 2026 via checked.be.