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.
What changed
BLITZ
NACE 93.293, Sports, amusement and recreation activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €2.5m-€860,870
Equity
€16.5m
2024 · €14.8m+€1.7m
Cash
€1.2m
2024 · €1.2m-€53,348
Balance sheet total
€19.8m
2024 · €18.1m+€1.7m
Largest movements
Assets
- Receivables within one year +€2.0m
up €2.0m (+15.9%), from €12.4m to €14.4m
of which Other amounts receivable: +€2.0m
- Tangible fixed assets -€246,964
down €246,964 (-6.2%), from €4.0m to €3.7m
of which Land and buildings: -€210,683
Equity and liabilities
- Profit (loss) carried forward +€1.7m
up €1.7m (+14.5%), from €12.0m to €13.7m
- Trade debts +€320,258
up €320,258 (+89.6%), from €357,600 to €677,858
- Debts after one year -€232,848
down €232,848 (-37.5%), from €620,968 to €388,120
Income statement
- Turnover -€1.2m
down €1.2m (-11.4%), from €10.6m to €9.4m
- Taxes -€233,216
down €233,216 (-27.3%), from €854,964 to €621,748
- Financial income +€140,387
up €140,387 (+45.4%), from €309,347 to €449,733
- Services and other goods +€138,399
up €138,399 (+3.4%), from €4.1m to €4.2m
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.
Result 2024
€2.5m
Turnover
-€1.2m
Other operating income
+€19,886
Goods and materials
-€131
Services and other goods
-€138,399
Staff costs
-€20,436
Depreciation
+€881
Write-downs
+€11,496
Other operating charges
+€72,481
Other operating items
-€7,590
Financial income
+€140,387
Financial charges
+€30,969
Taxes
+€233,216
Result 2025
€1.7m
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.
From operations
+€290,883
Investment
€0
Financing
-€344,230
Cash 2024
€1.2m
From operations (derived)
+€290,883
Net result for the year
+€1.7m
Depreciation
+€246,964
Receivables within one year
-€2.0m
Deferred charges and accrued income
+€19,500
Trade debts
+€320,258
Tax, wage and social debts
-€158,777
Other debts
+€177,201
Accrued charges and deferred income
+€7,620
Financing
-€344,230
Debts after one year
-€232,848
Short-term financial debts
-€111,382
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,146,059 | €19,800,358 | +€1.7m | +9.1% |
| Fixed assets | 21/28 | €4,497,891 | €4,250,927 | -€246,964 | -5.5% |
| Tangible fixed assets | 22/27 | €3,962,171 | €3,715,207 | -€246,964 | -6.2% |
| Land and buildings | 22 | €3,853,763 | €3,643,079 | -€210,683 | -5.5% |
| Plant, machinery and equipment | 23 | €28,234 | €17,557 | -€10,677 | -37.8% |
| Furniture and vehicles | 24 | €80,175 | €54,571 | -€25,604 | -31.9% |
| Financial fixed assets | 28 | €535,720 | €535,720 | = | 0.0% |
| Affiliated companies | 280/1 | €385,720 | €385,720 | = | 0.0% |
| Participating interests | 280 | €385,720 | €385,720 | = | 0.0% |
| Other financial fixed assets | 284/8 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €13,648,168 | €15,549,432 | +€1.9m | +13.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €12,415,625 | €14,389,735 | +€2.0m | +15.9% |
| Trade receivables | 40 | €226,929 | €173,216 | -€53,713 | -23.7% |
| Other amounts receivable | 41 | €12,188,696 | €14,216,519 | +€2.0m | +16.6% |
| Cash at bank and in hand | 54/58 | €1,209,389 | €1,156,041 | -€53,348 | -4.4% |
| Deferred charges and accrued income | 490/1 | €23,155 | €3,655 | -€19,500 | -84.2% |
| Total equity and liabilities | 10/49 | €18,146,059 | €19,800,358 | +€1.7m | +9.1% |
| Equity | 10/15 | €14,829,222 | €16,481,451 | +€1.7m | +11.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €468,710 | €448,162 | -€20,549 | -4.4% |
| Reserves | 13 | €2,309,970 | €2,243,773 | -€66,198 | -2.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,995,540 | €1,190,778 | -€804,762 | -40.3% |
| Distributable reserves | 133 | €308,230 | €1,046,795 | +€738,565 | +239.6% |
| Profit (loss) carried forward | 14 | €11,988,542 | €13,727,517 | +€1.7m | +14.5% |
| Amounts payable | 17/49 | €3,316,837 | €3,318,908 | +€2,071 | +0.1% |
| Amounts payable after more than one year | 17 | €620,968 | €388,120 | -€232,848 | -37.5% |
| Financial debts | 170/4 | €620,968 | €388,120 | -€232,848 | -37.5% |
| Credit institutions | 173 | €620,968 | €388,120 | -€232,848 | -37.5% |
| Amounts payable within one year | 42/48 | €2,609,825 | €2,837,124 | +€227,299 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €232,848 | €232,848 | = | 0.0% |
| Financial debts | 43 | €330,136 | €218,753 | -€111,382 | -33.7% |
| Credit institutions | 430/8 | €330,136 | €218,753 | -€111,382 | -33.7% |
| Trade debts | 44 | €357,600 | €677,858 | +€320,258 | +89.6% |
| Suppliers | 440/4 | €357,600 | €677,858 | +€320,258 | +89.6% |
| Taxes, remuneration and social security | 45 | €575,385 | €416,608 | -€158,777 | -27.6% |
| Taxes | 450/3 | €404,959 | €248,537 | -€156,422 | -38.6% |
| Remuneration and social security | 454/9 | €170,426 | €168,071 | -€2,355 | -1.4% |
| Other amounts payable | 47/48 | €1,113,856 | €1,291,057 | +€177,201 | +15.9% |
| Accrued charges and deferred income | 492/3 | €86,044 | €93,664 | +€7,620 | +8.9% |
| Operating income | 70/76A | €10,655,440 | €9,488,460 | -€1.2m | -11.0% |
| Turnover | 70 | €10,579,896 | €9,376,268 | -€1.2m | -11.4% |
| Other operating income | 74 | €70,259 | €90,145 | +€19,886 | +28.3% |
| Non-recurring operating income | 76A | €5,286 | €22,047 | +€16,762 | +317.1% |
| Operating charges | 60/66A | €7,296,559 | €7,395,020 | +€98,461 | +1.3% |
| Goods for resale, raw materials and consumables | 60 | €22,819 | €22,950 | +€131 | +0.6% |
| Purchases | 600/8 | €22,819 | €22,950 | +€131 | +0.6% |
| Services and other goods | 61 | €4,081,287 | €4,219,686 | +€138,399 | +3.4% |
| Remuneration, social security and pensions | 62 | €1,750,547 | €1,770,983 | +€20,436 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,845 | €246,964 | -€881 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,496 | €0 | -€11,496 | -100.0% |
| Other operating charges | 640/8 | €1,182,565 | €1,110,084 | -€72,481 | -6.1% |
| Non-recurring operating charges | 66A | - | €24,352 | +€24,352 | |
| Operating profit (loss) | 9901 | €3,358,881 | €2,093,440 | -€1.3m | -37.7% |
| Financial income | 75/76B | €309,347 | €449,733 | +€140,387 | +45.4% |
| Recurring financial income | 75 | €309,347 | €449,733 | +€140,387 | +45.4% |
| Income from current assets | 751 | €309,346 | €389,465 | +€80,118 | +25.9% |
| Other financial income | 752/9 | €1 | €60,269 | +€60,268 | +10044686.7% |
| Financial charges | 65/66B | €300,166 | €269,197 | -€30,969 | -10.3% |
| Recurring financial charges | 65 | €300,166 | €269,197 | -€30,969 | -10.3% |
| Debt charges | 650 | €289,240 | €264,324 | -€24,916 | -8.6% |
| Other financial charges | 652/9 | €10,926 | €4,873 | -€6,053 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €3,368,062 | €2,273,976 | -€1.1m | -32.5% |
| Income taxes | 67/77 | €854,964 | €621,748 | -€233,216 | -27.3% |
| Taxes | 670/3 | €854,964 | €621,748 | -€233,216 | -27.3% |
| Profit (loss) for the period | 9904 | €2,513,098 | €1,652,228 | -€860,870 | -34.3% |
| Transfer from tax-exempt reserves | 789 | - | €804,762 | +€804,762 | |
| Transfer to tax-exempt reserves | 689 | €997,770 | €0 | -€997,770 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,515,328 | €2,456,991 | +€941,663 | +62.1% |
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 3 October 2026 via checked.be.