BLIZZ: 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.
BLIZZ
Largest movements
- Cash -€3,851
down €3,851 (-85.0%), from €4,529 to €678
mainly Other debts (-€3,483) and Net result for the year (-€1,009)
- Tangible fixed assets -€2,136
down €2,136 (-32.8%), from €6,504 to €4,367
of which Plant, machinery and equipment: -€2,136
- Receivables within one year +€827
up €827 (+48.3%), from €1,712 to €2,539
of which Trade receivables: +€848
- Other debts -€3,483
down €3,483 (-6.7%), from €51,813 to €48,331
- Profit (loss) carried forward -€1,009
down €1,009 (-1.6%), from -€61,778 to -€62,787
- Trade debts -€672
down €672 (-26.5%), from €2,534 to €1,862
- Gross operating margin -€3,910
down €3,910 (-59.2%), from €6,600 to €2,690
- Depreciation +€664
up €664 (+45.1%), from €1,473 to €2,136
- Financial charges +€211
up €211 (+29.1%), from €724 to €935
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 | €12,745 | €7,584 | -€5,161 | -40.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,504 | €4,367 | -€2,136 | -32.8% |
| Tangible fixed assets | 22/27 | €6,504 | €4,367 | -€2,136 | -32.8% |
| Plant, machinery and equipment | 23 | €6,504 | €4,367 | -€2,136 | -32.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €6,241 | €3,216 | -€3,025 | -48.5% |
| Amounts receivable within one year | 40/41 | €1,712 | €2,539 | +€827 | +48.3% |
| Trade receivables | 40 | €1,272 | €2,120 | +€848 | +66.7% |
| Other amounts receivable | 41 | €440 | €419 | -€21 | -4.9% |
| Cash at bank and in hand | 54/58 | €4,529 | €678 | -€3,851 | -85.0% |
| Total equity and liabilities | 10/49 | €12,745 | €7,584 | -€5,161 | -40.5% |
| Equity | 10/15 | -€41,778 | -€42,787 | -€1,009 | -2.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,778 | -€62,787 | -€1,009 | -1.6% |
| Amounts payable | 17/49 | €54,523 | €50,371 | -€4,152 | -7.6% |
| Amounts payable within one year | 42/48 | €54,523 | €50,371 | -€4,152 | -7.6% |
| Trade debts | 44 | €2,534 | €1,862 | -€672 | -26.5% |
| Suppliers | 440/4 | €2,534 | €1,862 | -€672 | -26.5% |
| Taxes, remuneration and social security | 45 | €176 | €178 | +€3 | +1.5% |
| Taxes | 450/3 | €176 | €178 | +€3 | +1.5% |
| Other amounts payable | 47/48 | €51,813 | €48,331 | -€3,483 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,473 | €2,136 | +€664 | +45.1% |
| Other operating charges | 640/8 | €420 | €449 | +€30 | +7.1% |
| Gross operating margin | 9900 | €6,600 | €2,690 | -€3,910 | -59.2% |
| Operating profit (loss) | 9901 | €4,708 | €105 | -€4,603 | -97.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €724 | €935 | +€211 | +29.1% |
| Recurring financial charges | 65 | €724 | €935 | +€211 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €3,984 | -€831 | -€4,814 | |
| Income taxes | 67/77 | €169 | €178 | +€9 | +5.6% |
| Profit (loss) for the period | 9904 | €3,815 | -€1,009 | -€4,824 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,815 | -€1,009 | -€4,824 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.