Blitser: 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.
Blitser
Largest movements
- Tangible fixed assets +€22,598
up €22,598 (+234.1%), from €9,652 to €32,250
of which Furniture and vehicles: +€17,962
- Receivables within one year -€14,701
down €14,701 (-81.0%), from €18,150 to €3,449
of which Trade receivables: -€16,886
- Deferred charges and accrued income +€2,137
up €2,137 (+316.3%), from €676 to €2,813
- Debts after one year +€12,668
up €12,668 (+203.9%), from €6,213 to €18,881
- Reserves -€6,529
down €6,529 (-100.0%), from €6,529 to €0
- Tax, wage and social debts -€5,113
down €5,113 (-100.0%), from €5,113 to €0
- Current portion of long-term debt +€4,322
up €4,322 (+105.2%), from €4,108 to €8,430
- Profit (loss) carried forward +€4,231
up €4,231, from €0 to €4,231
- Gross operating margin -€5,232
down €5,232 (-41.0%), from €12,749 to €7,518
- Depreciation +€2,648
up €2,648 (+211.0%), from €1,255 to €3,903
- Taxes -€2,013
down €2,013 (-98.4%), from €2,045 to €33
- Financial charges -€582
down €582 (-27.3%), from €2,136 to €1,554
- Other operating charges -€297
down €297 (-33.1%), from €895 to €598
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 | €29,816 | €39,836 | +€10,020 | +33.6% |
| Fixed assets | 21/28 | €9,652 | €32,250 | +€22,598 | +234.1% |
| Tangible fixed assets | 22/27 | €9,652 | €32,250 | +€22,598 | +234.1% |
| Plant, machinery and equipment | 23 | €9,652 | €14,288 | +€4,636 | +48.0% |
| Furniture and vehicles | 24 | - | €17,962 | +€17,962 | |
| Current assets | 29/58 | €20,165 | €7,586 | -€12,579 | -62.4% |
| Amounts receivable within one year | 40/41 | €18,150 | €3,449 | -€14,701 | -81.0% |
| Trade receivables | 40 | €18,150 | €1,264 | -€16,886 | -93.0% |
| Other amounts receivable | 41 | - | €2,184 | +€2,184 | |
| Cash at bank and in hand | 54/58 | €1,339 | €1,325 | -€14 | -1.1% |
| Deferred charges and accrued income | 490/1 | €676 | €2,813 | +€2,137 | +316.3% |
| Total equity and liabilities | 10/49 | €29,816 | €39,836 | +€10,020 | +33.6% |
| Equity | 10/15 | €11,529 | €9,231 | -€2,298 | -19.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,529 | €0 | -€6,529 | -100.0% |
| Distributable reserves | 133 | €6,529 | €0 | -€6,529 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €4,231 | +€4,231 | |
| Amounts payable | 17/49 | €18,287 | €30,605 | +€12,317 | +67.4% |
| Amounts payable after more than one year | 17 | €6,213 | €18,881 | +€12,668 | +203.9% |
| Financial debts | 170/4 | €6,213 | €18,881 | +€12,668 | +203.9% |
| Amounts payable within one year | 42/48 | €12,075 | €11,724 | -€351 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €4,108 | €8,430 | +€4,322 | +105.2% |
| Financial debts | 43 | €27 | - | -€27 | |
| Credit institutions | 430/8 | €27 | - | -€27 | |
| Trade debts | 44 | €1,933 | €2,411 | +€479 | +24.8% |
| Suppliers | 440/4 | €1,933 | €2,411 | +€479 | +24.8% |
| Taxes, remuneration and social security | 45 | €5,113 | €0 | -€5,113 | -100.0% |
| Taxes | 450/3 | €5,113 | €0 | -€5,113 | -100.0% |
| Other amounts payable | 47/48 | €895 | €883 | -€12 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,255 | €3,903 | +€2,648 | +211.0% |
| Other operating charges | 640/8 | €895 | €598 | -€297 | -33.1% |
| Non-recurring operating charges | 66A | - | €3,728 | +€3,728 | |
| Gross operating margin | 9900 | €12,749 | €7,518 | -€5,232 | -41.0% |
| Operating profit (loss) | 9901 | €10,600 | -€711 | -€11,311 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,136 | €1,554 | -€582 | -27.3% |
| Recurring financial charges | 65 | €2,136 | €1,554 | -€582 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €8,464 | -€2,265 | -€10,729 | |
| Income taxes | 67/77 | €2,045 | €33 | -€2,013 | -98.4% |
| Profit (loss) for the period | 9904 | €6,419 | -€2,298 | -€8,716 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,419 | -€2,298 | -€8,716 |
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 10 October 2026 via checked.be.