Blitzz-Econet: 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.
Blitzz-Econet
Largest movements
- Tangible fixed assets +€32,140
up €32,140 (+61.6%), from €52,159 to €84,299
of which Plant, machinery and equipment: +€32,941
- Stocks and contracts -€27,247
down €27,247 (-10.6%), from €257,066 to €229,818
- Receivables within one year -€18,724
down €18,724 (-52.0%), from €36,023 to €17,299
of which Trade receivables: -€18,724
- Intangible fixed assets -€9,320
down €9,320 (-19.0%), from €49,139 to €39,819
- Accrued charges and deferred income -€51,124
down €51,124 (-60.4%), from €84,666 to €33,543
- Profit (loss) carried forward +€51,071
up €51,071 (+58.7%), from €87,026 to €138,097
- Debts after one year -€34,205
down €34,205 (-38.1%), from €89,683 to €55,478
- Trade debts +€26,359
up €26,359 (+115%), from €22,857 to €49,216
- Other debts -€9,021
down €9,021 (-25.7%), from €35,158 to €26,137
- Gross operating margin +€99,655
up €99,655, from -€9,148 to €90,507
- Depreciation +€9,224
up €9,224 (+90.1%), from €10,233 to €19,457
- Staff costs -€8,630
down €8,630 (-58.3%), from €14,792 to €6,162
- Other operating charges +€4,220
up €4,220 (+96.6%), from €4,368 to €8,587
- Financial charges -€1,748
down €1,748 (-25.1%), from €6,979 to €5,230
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.
Derived cash bridge
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 | €457,184 | €426,315 | -€30,869 | -6.8% |
| Fixed assets | 21/28 | €101,298 | €124,118 | +€22,820 | +22.5% |
| Intangible fixed assets | 21 | €49,139 | €39,819 | -€9,320 | -19.0% |
| Tangible fixed assets | 22/27 | €52,159 | €84,299 | +€32,140 | +61.6% |
| Plant, machinery and equipment | 23 | €49,087 | €82,028 | +€32,941 | +67.1% |
| Furniture and vehicles | 24 | €1,185 | €639 | -€545 | -46.0% |
| Other tangible fixed assets | 26 | €1,887 | €1,631 | -€256 | -13.5% |
| Current assets | 29/58 | €355,886 | €302,197 | -€53,689 | -15.1% |
| Stocks and contracts in progress | 3 | €257,066 | €229,818 | -€27,247 | -10.6% |
| Stocks | 30/36 | €257,066 | €229,818 | -€27,247 | -10.6% |
| Amounts receivable within one year | 40/41 | €36,023 | €17,299 | -€18,724 | -52.0% |
| Trade receivables | 40 | €35,476 | €16,752 | -€18,724 | -52.8% |
| Other amounts receivable | 41 | €546 | €546 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,254 | €21,733 | -€4,521 | -17.2% |
| Deferred charges and accrued income | 490/1 | €36,544 | €33,347 | -€3,198 | -8.7% |
| Total equity and liabilities | 10/49 | €457,184 | €426,315 | -€30,869 | -6.8% |
| Equity | 10/15 | €171,631 | €222,701 | +€51,071 | +29.8% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €47,404 | €47,404 | = | 0.0% |
| Distributable reserves | 133 | €47,404 | €47,404 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,026 | €138,097 | +€51,071 | +58.7% |
| Amounts payable | 17/49 | €285,553 | €203,614 | -€81,940 | -28.7% |
| Amounts payable after more than one year | 17 | €89,683 | €55,478 | -€34,205 | -38.1% |
| Financial debts | 170/4 | €89,683 | €55,478 | -€34,205 | -38.1% |
| Amounts payable within one year | 42/48 | €111,204 | €114,593 | +€3,389 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €41,476 | €34,205 | -€7,270 | -17.5% |
| Trade debts | 44 | €22,857 | €49,216 | +€26,359 | +115% |
| Suppliers | 440/4 | €22,857 | €49,216 | +€26,359 | +115% |
| Taxes, remuneration and social security | 45 | €11,713 | €5,035 | -€6,678 | -57.0% |
| Taxes | 450/3 | €11,713 | €4,617 | -€7,096 | -60.6% |
| Remuneration and social security | 454/9 | - | €417 | +€417 | |
| Other amounts payable | 47/48 | €35,158 | €26,137 | -€9,021 | -25.7% |
| Accrued charges and deferred income | 492/3 | €84,666 | €33,543 | -€51,124 | -60.4% |
| Remuneration, social security and pensions | 62 | €14,792 | €6,162 | -€8,630 | -58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,233 | €19,457 | +€9,224 | +90.1% |
| Other operating charges | 640/8 | €4,368 | €8,587 | +€4,220 | +96.6% |
| Non-recurring operating charges | 66A | €12,057 | - | -€12,057 | |
| Gross operating margin | 9900 | -€9,148 | €90,507 | +€99,655 | |
| Operating profit (loss) | 9901 | -€50,597 | €56,301 | +€106,898 | |
| Financial income | 75/76B | €1,872 | €248 | -€1,623 | -86.7% |
| Recurring financial income | 75 | €1,872 | €248 | -€1,623 | -86.7% |
| Financial charges | 65/66B | €6,979 | €5,230 | -€1,748 | -25.1% |
| Recurring financial charges | 65 | €6,979 | €5,230 | -€1,748 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | -€55,704 | €51,319 | +€107,023 | |
| Income taxes | 67/77 | - | €248 | +€248 | |
| Profit (loss) for the period | 9904 | -€55,704 | €51,071 | +€106,775 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,704 | €51,071 | +€106,775 |
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 25 October 2026 via checked.be.