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Blixem: 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

Blixem

BE 0784.773.748
NACE 73.110, Advertising agencies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,087
2024 · €15,422-€3,335
Equity
€14,176
2024 · €2,088+€12,087
Cash
€11,363
2024 · €8,195+€3,168
Balance sheet total
€29,196
2024 · €25,223+€3,973

Largest movements

2024 to 2025
Assets
  • Cash +€3,168

    up €3,168 (+38.7%), from €8,195 to €11,363

    mainly Net result for the year (+€12,087) and Depreciation (+€4,723)

  • Receivables within one year -€2,931

    down €2,931 (-34.1%), from €8,597 to €5,667

  • Tangible fixed assets +€1,970

    up €1,970 (+23.4%), from €8,431 to €10,401

  • Intangible fixed assets +€1,766

    new in 2025: €1,766

Equity and liabilities
  • Reserves +€12,087

    up €12,087 (+608.0%), from €1,988 to €14,076

  • Other debts -€5,941

    down €5,941 (-65.0%), from €9,141 to €3,199

  • Trade debts -€2,532

    down €2,532 (-97.2%), from €2,605 to €73

  • Tax, wage and social debts +€359

    up €359 (+3.5%), from €10,344 to €10,703

Income statement
  • Other operating charges +€1,304

    up €1,304 (+269.8%), from €483 to €1,788

  • Gross operating margin -€1,178

    down €1,178 (-4.4%), from €26,528 to €25,350

  • Taxes +€397

    up €397 (+6.6%), from €5,997 to €6,394

  • Staff costs +€320

    new in 2025: €320

From the 2024 result to the 2025 result

effect on the 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 €15,422
Gross operating margin -€1,178
Staff costs -€320
Depreciation -€232
Other operating charges -€1,304
Financial income -€1
Financial charges +€97
Taxes -€397
Result 2025 €12,087

Cash bridge derived

cash 2024 to 2025

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 +€11,626
Investment -€8,458
Financing €0
Cash 2024 €8,195
Net result for the year +€12,087
Depreciation +€4,723
Receivables within one year +€2,931
Trade debts -€2,532
Tax, wage and social debts +€359
Other debts -€5,941
Investment in fixed assets (net) -€8,458
Cash 2025 €11,363
Every line side by side 35 lines
Line Code 2024 2025 Change %
Total assets 20/58 €25,223 €29,196 +€3,973 +15.8%
Fixed assets 21/28 €8,431 €12,166 +€3,735 +44.3%
Intangible fixed assets 21 - €1,766 +€1,766
Tangible fixed assets 22/27 €8,431 €10,401 +€1,970 +23.4%
Furniture and vehicles 24 €8,431 €10,401 +€1,970 +23.4%
Current assets 29/58 €16,792 €17,029 +€237 +1.4%
Amounts receivable within one year 40/41 €8,597 €5,667 -€2,931 -34.1%
Trade receivables 40 €8,597 €5,667 -€2,931 -34.1%
Cash at bank and in hand 54/58 €8,195 €11,363 +€3,168 +38.7%
Total equity and liabilities 10/49 €25,223 €29,196 +€3,973 +15.8%
Equity 10/15 €2,088 €14,176 +€12,087 +578.8%
Contributions 10/11 €100 €100 = 0.0%
Reserves 13 €1,988 €14,076 +€12,087 +608.0%
Distributable reserves 133 €1,988 €14,076 +€12,087 +608.0%
Amounts payable 17/49 €23,135 €15,020 -€8,115 -35.1%
Amounts payable within one year 42/48 €23,135 €15,020 -€8,115 -35.1%
Trade debts 44 €2,605 €73 -€2,532 -97.2%
Suppliers 440/4 €2,605 €73 -€2,532 -97.2%
Advances received on contracts in progress 46 €1,045 €1,045 = 0.0%
Taxes, remuneration and social security 45 €10,344 €10,703 +€359 +3.5%
Taxes 450/3 €10,344 €10,703 +€359 +3.5%
Other amounts payable 47/48 €9,141 €3,199 -€5,941 -65.0%
Remuneration, social security and pensions 62 - €320 +€320
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €4,491 €4,723 +€232 +5.2%
Other operating charges 640/8 €483 €1,788 +€1,304 +269.8%
Gross operating margin 9900 €26,528 €25,350 -€1,178 -4.4%
Operating profit (loss) 9901 €21,553 €18,519 -€3,034 -14.1%
Financial income 75/76B €7 €7 -€1 -10.5%
Recurring financial income 75 €7 €7 -€1 -10.5%
Financial charges 65/66B €141 €44 -€97 -68.6%
Recurring financial charges 65 €141 €44 -€97 -68.6%
Profit (loss) for the period before taxes 9903 €21,420 €18,482 -€2,938 -13.7%
Income taxes 67/77 €5,997 €6,394 +€397 +6.6%
Profit (loss) for the period 9904 €15,422 €12,087 -€3,335 -21.6%
Profit (loss) for the period to be appropriated 9905 €15,422 €12,087 -€3,335 -21.6%

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.