BLITZ UP: 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.
BLITZ UP
Largest movements
- Current investments +€58,999
up €58,999 (+21.4%), from €275,974 to €334,973
- Cash +€49,551
up €49,551 (+77.9%), from €63,613 to €113,164
mainly Net result for the year (+€103,008) and Tax, wage and social debts (+€9,014)
- Reserves +€103,008
up €103,008 (+30.4%), from €339,244 to €442,252
- Tax, wage and social debts +€9,014
up €9,014 (+75.1%), from €12,011 to €21,025
- Gross operating margin +€69,638
up €69,638 (+87.0%), from €80,031 to €149,669
- Taxes +€24,053
up €24,053 (+95.1%), from €25,295 to €49,348
- Financial income +€4,836
up €4,836 (+829.1%), from €583 to €5,419
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 | €380,332 | €494,456 | +€114,124 | +30.0% |
| Fixed assets | 21/28 | €6,412 | €7,949 | +€1,537 | +24.0% |
| Tangible fixed assets | 22/27 | €6,412 | €7,949 | +€1,537 | +24.0% |
| Furniture and vehicles | 24 | - | €2,324 | +€2,324 | |
| Other tangible fixed assets | 26 | €6,412 | €5,625 | -€786 | -12.3% |
| Current assets | 29/58 | €373,920 | €486,507 | +€112,587 | +30.1% |
| Amounts receivable within one year | 40/41 | €32,912 | €36,897 | +€3,985 | +12.1% |
| Trade receivables | 40 | €32,912 | €36,897 | +€3,985 | +12.1% |
| Current investments | 50/53 | €275,974 | €334,973 | +€58,999 | +21.4% |
| Cash at bank and in hand | 54/58 | €63,613 | €113,164 | +€49,551 | +77.9% |
| Deferred charges and accrued income | 490/1 | €1,421 | €1,474 | +€53 | +3.7% |
| Total equity and liabilities | 10/49 | €380,332 | €494,456 | +€114,124 | +30.0% |
| Equity | 10/15 | €357,844 | €460,852 | +€103,008 | +28.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €339,244 | €442,252 | +€103,008 | +30.4% |
| Distributable reserves | 133 | €339,244 | €442,252 | +€103,008 | +30.4% |
| Amounts payable | 17/49 | €22,488 | €33,604 | +€11,116 | +49.4% |
| Amounts payable within one year | 42/48 | €22,431 | €33,304 | +€10,873 | +48.5% |
| Trade debts | 44 | €1,909 | €1,666 | -€243 | -12.7% |
| Suppliers | 440/4 | €1,909 | €1,666 | -€243 | -12.7% |
| Taxes, remuneration and social security | 45 | €12,011 | €21,025 | +€9,014 | +75.1% |
| Taxes | 450/3 | €12,011 | €21,025 | +€9,014 | +75.1% |
| Other amounts payable | 47/48 | €8,511 | €10,613 | +€2,102 | +24.7% |
| Accrued charges and deferred income | 492/3 | €57 | €300 | +€243 | +425.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,141 | €1,256 | +€115 | +10.1% |
| Other operating charges | 640/8 | €738 | €1,172 | +€434 | +58.9% |
| Gross operating margin | 9900 | €80,031 | €149,669 | +€69,638 | +87.0% |
| Operating profit (loss) | 9901 | €78,153 | €147,242 | +€69,088 | +88.4% |
| Financial income | 75/76B | €583 | €5,419 | +€4,836 | +829.1% |
| Recurring financial income | 75 | €583 | €5,419 | +€4,836 | +829.1% |
| Financial charges | 65/66B | €317 | €305 | -€12 | -3.7% |
| Recurring financial charges | 65 | €317 | €305 | -€12 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €78,419 | €152,356 | +€73,936 | +94.3% |
| Income taxes | 67/77 | €25,295 | €49,348 | +€24,053 | +95.1% |
| Profit (loss) for the period | 9904 | €53,124 | €103,008 | +€49,884 | +93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,124 | €103,008 | +€49,884 | +93.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.