BLOB: 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.
BLOB
Largest movements
- Cash +€117,166
up €117,166 (+256.8%), from €45,617 to €162,783
mainly Net result for the year (+€127,252) and Depreciation (+€11,190)
- Stocks and contracts +€9,106
up €9,106 (+48.2%), from €18,882 to €27,988
- Receivables within one year +€9,025
up €9,025 (+9.3%), from €96,719 to €105,744
of which Trade receivables: +€8,191
- Intangible fixed assets -€5,315
down €5,315 (-100.0%), from €5,315 to €0
- Tangible fixed assets -€3,969
down €3,969 (-26.0%), from €15,263 to €11,294
of which Furniture and vehicles: -€5,116
- Reserves +€119,479
up €119,479 (+205.9%), from €58,031 to €177,510
of which Tax-exempt reserves: +€63,150
- Short-term financial debts -€7,609
down €7,609 (-15.3%), from €49,850 to €42,241
of which Other loans: -€5,581
- Tax, wage and social debts +€5,104
up €5,104 (+33.8%), from €15,119 to €20,223
of which Remuneration and social security: +€2,835
- Trade debts +€4,802
up €4,802 (+14.4%), from €33,395 to €38,197
- Other debts +€4,784
up €4,784 (+109.9%), from €4,355 to €9,138
- Gross operating margin +€134,778
up €134,778 (+85.1%), from €158,296 to €293,074
- Staff costs +€35,148
up €35,148 (+62.1%), from €56,555 to €91,704
- Taxes +€29,062
up €29,062 (+110.8%), from €26,226 to €55,289
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 | €184,795 | €311,932 | +€127,137 | +68.8% |
| Fixed assets | 21/28 | €20,727 | €13,943 | -€6,784 | -32.7% |
| Intangible fixed assets | 21 | €5,315 | €0 | -€5,315 | -100.0% |
| Tangible fixed assets | 22/27 | €15,263 | €11,294 | -€3,969 | -26.0% |
| Plant, machinery and equipment | 23 | €451 | €4,520 | +€4,068 | +901.1% |
| Furniture and vehicles | 24 | €6,415 | €1,299 | -€5,116 | -79.7% |
| Other tangible fixed assets | 26 | €8,397 | €5,476 | -€2,921 | -34.8% |
| Financial fixed assets | 28 | €149 | €2,649 | +€2,500 | +1677.9% |
| Current assets | 29/58 | €164,068 | €297,989 | +€133,921 | +81.6% |
| Stocks and contracts in progress | 3 | €18,882 | €27,988 | +€9,106 | +48.2% |
| Stocks | 30/36 | €18,882 | €27,988 | +€9,106 | +48.2% |
| Amounts receivable within one year | 40/41 | €96,719 | €105,744 | +€9,025 | +9.3% |
| Trade receivables | 40 | €93,519 | €101,709 | +€8,191 | +8.8% |
| Other amounts receivable | 41 | €3,200 | €4,035 | +€835 | +26.1% |
| Cash at bank and in hand | 54/58 | €45,617 | €162,783 | +€117,166 | +256.8% |
| Deferred charges and accrued income | 490/1 | €2,849 | €1,474 | -€1,376 | -48.3% |
| Total equity and liabilities | 10/49 | €184,795 | €311,932 | +€127,137 | +68.8% |
| Equity | 10/15 | €76,725 | €196,807 | +€120,081 | +156.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,031 | €177,510 | +€119,479 | +205.9% |
| Tax-exempt reserves | 132 | - | €63,150 | +€63,150 | |
| Distributable reserves | 133 | €58,031 | €114,360 | +€56,329 | +97.1% |
| Profit (loss) carried forward | 14 | €94 | €697 | +€602 | +639.0% |
| Amounts payable | 17/49 | €108,070 | €115,126 | +€7,056 | +6.5% |
| Amounts payable within one year | 42/48 | €102,719 | €109,800 | +€7,080 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €49,850 | €42,241 | -€7,609 | -15.3% |
| Credit institutions | 430/8 | €2,029 | €0 | -€2,029 | -100.0% |
| Other loans | 439 | €47,822 | €42,241 | -€5,581 | -11.7% |
| Trade debts | 44 | €33,395 | €38,197 | +€4,802 | +14.4% |
| Suppliers | 440/4 | €33,395 | €38,197 | +€4,802 | +14.4% |
| Taxes, remuneration and social security | 45 | €15,119 | €20,223 | +€5,104 | +33.8% |
| Taxes | 450/3 | €6,839 | €9,108 | +€2,269 | +33.2% |
| Remuneration and social security | 454/9 | €8,280 | €11,115 | +€2,835 | +34.2% |
| Other amounts payable | 47/48 | €4,355 | €9,138 | +€4,784 | +109.9% |
| Accrued charges and deferred income | 492/3 | €5,350 | €5,326 | -€24 | -0.5% |
| Non-recurring operating income | 76A | €1,132 | €0 | -€1,132 | -100.0% |
| Remuneration, social security and pensions | 62 | €56,555 | €91,704 | +€35,148 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,058 | €11,190 | +€1,132 | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,506 | €236 | -€1,270 | -84.4% |
| Other operating charges | 640/8 | €2,642 | €2,376 | -€266 | -10.1% |
| Gross operating margin | 9900 | €158,296 | €293,074 | +€134,778 | +85.1% |
| Operating profit (loss) | 9901 | €87,535 | €187,568 | +€100,034 | +114.3% |
| Financial income | 75/76B | €0 | €3 | +€3 | +717.5% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +717.5% |
| Financial charges | 65/66B | €4,604 | €5,031 | +€426 | +9.3% |
| Recurring financial charges | 65 | €4,604 | €5,031 | +€426 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €82,931 | €182,541 | +€99,610 | +120.1% |
| Income taxes | 67/77 | €26,226 | €55,289 | +€29,062 | +110.8% |
| Profit (loss) for the period | 9904 | €56,704 | €127,252 | +€70,548 | +124.4% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,704 | €64,102 | +€7,398 | +13.0% |
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 10 October 2026 via checked.be.