BLITZ: 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.
BLITZ
Largest movements
- Stocks and contracts -€32,030
down €32,030 (-18.9%), from €169,512 to €137,482
- Cash +€28,256
up €28,256 (+58.2%), from €48,546 to €76,802
mainly Stocks and contracts (+€32,030) and Depreciation (+€28,862)
- Tangible fixed assets -€27,297
down €27,297 (-35.3%), from €77,222 to €49,925
of which Furniture and vehicles: -€20,866
- Current investments -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Profit (loss) carried forward -€30,163
down €30,163, from €24,299 to -€5,864
- Trade debts -€7,410
down €7,410 (-51.9%), from €14,282 to €6,872
- Gross operating margin -€23,445
down €23,445 (-24.4%), from €96,077 to €72,632
- Financial income +€1,332
up €1,332 (+364.4%), from €366 to €1,698
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 | €342,069 | €301,041 | -€41,028 | -12.0% |
| Fixed assets | 21/28 | €77,271 | €49,975 | -€27,297 | -35.3% |
| Tangible fixed assets | 22/27 | €77,222 | €49,925 | -€27,297 | -35.3% |
| Land and buildings | 22 | €6,199 | - | -€6,199 | |
| Plant, machinery and equipment | 23 | €17,005 | €11,307 | -€5,698 | -33.5% |
| Furniture and vehicles | 24 | €54,018 | €33,152 | -€20,866 | -38.6% |
| Other tangible fixed assets | 26 | - | €5,465 | +€5,465 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €264,798 | €251,066 | -€13,732 | -5.2% |
| Stocks and contracts in progress | 3 | €169,512 | €137,482 | -€32,030 | -18.9% |
| Stocks | 30/36 | €169,512 | €137,482 | -€32,030 | -18.9% |
| Amounts receivable within one year | 40/41 | €21,750 | €23,677 | +€1,927 | +8.9% |
| Trade receivables | 40 | €21,241 | €8,892 | -€12,349 | -58.1% |
| Other amounts receivable | 41 | €509 | €14,785 | +€14,276 | +2802.3% |
| Current investments | 50/53 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €48,546 | €76,802 | +€28,256 | +58.2% |
| Deferred charges and accrued income | 490/1 | €4,989 | €3,105 | -€1,885 | -37.8% |
| Total equity and liabilities | 10/49 | €342,069 | €301,041 | -€41,028 | -12.0% |
| Equity | 10/15 | €320,891 | €290,728 | -€30,163 | -9.4% |
| Contributions | 10/11 | €221,100 | €221,100 | = | 0.0% |
| Reserves | 13 | €75,492 | €75,492 | = | 0.0% |
| Distributable reserves | 133 | €75,492 | €75,492 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,299 | -€5,864 | -€30,163 | |
| Amounts payable | 17/49 | €21,178 | €10,313 | -€10,865 | -51.3% |
| Amounts payable within one year | 42/48 | €21,178 | €10,313 | -€10,865 | -51.3% |
| Trade debts | 44 | €14,282 | €6,872 | -€7,410 | -51.9% |
| Suppliers | 440/4 | €14,282 | €6,872 | -€7,410 | -51.9% |
| Taxes, remuneration and social security | 45 | €4,801 | €3,441 | -€1,360 | -28.3% |
| Taxes | 450/3 | €4,801 | €3,441 | -€1,360 | -28.3% |
| Other amounts payable | 47/48 | €2,095 | - | -€2,095 | |
| Non-recurring operating income | 76A | €17,428 | - | -€17,428 | |
| Remuneration, social security and pensions | 62 | €73,463 | €72,871 | -€592 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,404 | €28,862 | -€543 | -1.8% |
| Other operating charges | 640/8 | €2,737 | €2,298 | -€440 | -16.1% |
| Gross operating margin | 9900 | €96,077 | €72,632 | -€23,445 | -24.4% |
| Operating profit (loss) | 9901 | -€9,528 | -€31,398 | -€21,870 | -229.5% |
| Financial income | 75/76B | €366 | €1,698 | +€1,332 | +364.4% |
| Recurring financial income | 75 | €366 | €1,698 | +€1,332 | +364.4% |
| Financial charges | 65/66B | €120 | €109 | -€11 | -9.2% |
| Recurring financial charges | 65 | €120 | €109 | -€11 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,282 | -€29,809 | -€20,527 | -221.1% |
| Income taxes | 67/77 | €360 | €354 | -€6 | -1.7% |
| Profit (loss) for the period | 9904 | -€9,642 | -€30,163 | -€20,521 | -212.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,642 | -€30,163 | -€20,521 | -212.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.