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
- Current investments -€16,886
no longer reported in 2025 (was €16,886)
- Cash +€15,713
up €15,713 (+27.6%), from €56,950 to €72,663
mainly Current investments (+€16,886) and Depreciation (+€13,417)
- Tangible fixed assets -€13,417
down €13,417 (-8.5%), from €157,725 to €144,309
- Other debts -€15,522
down €15,522 (-13.9%), from €111,818 to €96,296
- Debts after one year -€4,747
down €4,747 (-17.8%), from €26,655 to €21,908
- Profit (loss) carried forward +€3,605
up €3,605 (+93.0%), from -€3,875 to -€270
- Gross operating margin +€3,387
up €3,387 (+20.5%), from €16,517 to €19,903
- Financial income +€273
up €273 (+125.9%), from €217 to €490
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 | €232,061 | €217,588 | -€14,474 | -6.2% |
| Fixed assets | 21/28 | €157,725 | €144,309 | -€13,417 | -8.5% |
| Tangible fixed assets | 22/27 | €157,725 | €144,309 | -€13,417 | -8.5% |
| Land and buildings | 22 | €157,725 | €144,309 | -€13,417 | -8.5% |
| Current assets | 29/58 | €74,336 | €73,279 | -€1,057 | -1.4% |
| Amounts receivable within one year | 40/41 | €57 | €147 | +€90 | +158.5% |
| Other amounts receivable | 41 | €57 | €147 | +€90 | +158.5% |
| Current investments | 50/53 | €16,886 | - | -€16,886 | |
| Cash at bank and in hand | 54/58 | €56,950 | €72,663 | +€15,713 | +27.6% |
| Deferred charges and accrued income | 490/1 | €443 | €469 | +€26 | +5.8% |
| Total equity and liabilities | 10/49 | €232,061 | €217,588 | -€14,474 | -6.2% |
| Equity | 10/15 | €84,569 | €88,174 | +€3,605 | +4.3% |
| Contributions | 10/11 | €35,200 | €35,200 | = | 0.0% |
| Reserves | 13 | €53,244 | €53,244 | = | 0.0% |
| Distributable reserves | 133 | €53,244 | €53,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,875 | -€270 | +€3,605 | +93.0% |
| Amounts payable | 17/49 | €147,492 | €129,414 | -€18,078 | -12.3% |
| Amounts payable after more than one year | 17 | €26,655 | €21,908 | -€4,747 | -17.8% |
| Financial debts | 170/4 | €26,655 | €21,908 | -€4,747 | -17.8% |
| Amounts payable within one year | 42/48 | €116,929 | €103,399 | -€13,530 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €4,526 | €4,747 | +€221 | +4.9% |
| Trade debts | 44 | €488 | €2,356 | +€1,868 | +383.1% |
| Suppliers | 440/4 | €488 | €2,356 | +€1,868 | +383.1% |
| Taxes, remuneration and social security | 45 | €97 | - | -€97 | |
| Taxes | 450/3 | €97 | - | -€97 | |
| Other amounts payable | 47/48 | €111,818 | €96,296 | -€15,522 | -13.9% |
| Accrued charges and deferred income | 492/3 | €3,908 | €4,107 | +€199 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,417 | €13,417 | = | 0.0% |
| Other operating charges | 640/8 | €1,813 | €1,787 | -€26 | -1.5% |
| Gross operating margin | 9900 | €16,517 | €19,903 | +€3,387 | +20.5% |
| Operating profit (loss) | 9901 | €1,287 | €4,700 | +€3,413 | +265.2% |
| Financial income | 75/76B | €217 | €490 | +€273 | +125.9% |
| Recurring financial income | 75 | €217 | €490 | +€273 | +125.9% |
| Financial charges | 65/66B | €1,858 | €1,732 | -€126 | -6.8% |
| Recurring financial charges | 65 | €1,858 | €1,732 | -€126 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€354 | €3,458 | +€3,812 | |
| Income taxes | 67/77 | -€35 | -€147 | -€112 | -325.9% |
| Profit (loss) for the period | 9904 | -€320 | €3,605 | +€3,924 | |
| Profit (loss) for the period to be appropriated | 9905 | -€320 | €3,605 | +€3,924 |
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 8 October 2026 via checked.be.