BLOUBERG: 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.
BLOUBERG
Largest movements
- Cash +€96,383
up €96,383 (+60.1%), from €160,279 to €256,662
mainly Trade debts (+€69,735) and Other debts (+€52,223)
- Receivables within one year -€50,873
down €50,873 (-56.4%), from €90,189 to €39,317
of which Trade receivables: -€34,096
- Tangible fixed assets -€10,073
down €10,073 (-43.8%), from €23,008 to €12,935
- Reserves -€90,947
down €90,947 (-58.1%), from €156,563 to €65,616
- Trade debts +€69,735
up €69,735 (+68.0%), from €102,577 to €172,312
- Other debts +€52,223
new in 2025: €52,223
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Tax, wage and social debts -€7,972
down €7,972 (-98.0%), from €8,136 to €164
- Gross operating margin +€8,030
up €8,030 (+11.4%), from €70,406 to €78,436
- Taxes +€1,591
up €1,591 (+9.9%), from €16,032 to €17,624
- Depreciation -€925
down €925 (-9.7%), from €9,492 to €8,566
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 | €273,476 | €308,914 | +€35,438 | +13.0% |
| Fixed assets | 21/28 | €23,008 | €12,935 | -€10,073 | -43.8% |
| Tangible fixed assets | 22/27 | €23,008 | €12,935 | -€10,073 | -43.8% |
| Furniture and vehicles | 24 | €23,008 | €12,935 | -€10,073 | -43.8% |
| Current assets | 29/58 | €250,468 | €295,979 | +€45,510 | +18.2% |
| Amounts receivable within one year | 40/41 | €90,189 | €39,317 | -€50,873 | -56.4% |
| Trade receivables | 40 | €47,673 | €13,576 | -€34,096 | -71.5% |
| Other amounts receivable | 41 | €42,516 | €25,740 | -€16,776 | -39.5% |
| Cash at bank and in hand | 54/58 | €160,279 | €256,662 | +€96,383 | +60.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €273,476 | €308,914 | +€35,438 | +13.0% |
| Equity | 10/15 | €162,763 | €84,216 | -€78,548 | -48.3% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €156,563 | €65,616 | -€90,947 | -58.1% |
| Distributable reserves | 133 | €156,563 | €65,616 | -€90,947 | -58.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €110,713 | €224,698 | +€113,986 | +103.0% |
| Amounts payable within one year | 42/48 | €110,713 | €224,698 | +€113,986 | +103.0% |
| Trade debts | 44 | €102,577 | €172,312 | +€69,735 | +68.0% |
| Suppliers | 440/4 | €102,577 | €172,312 | +€69,735 | +68.0% |
| Taxes, remuneration and social security | 45 | €8,136 | €164 | -€7,972 | -98.0% |
| Taxes | 450/3 | €8,136 | €164 | -€7,972 | -98.0% |
| Other amounts payable | 47/48 | - | €52,223 | +€52,223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,492 | €8,566 | -€925 | -9.7% |
| Other operating charges | 640/8 | €624 | €547 | -€78 | -12.4% |
| Non-recurring operating charges | 66A | €247 | €1,093 | +€846 | +342.6% |
| Gross operating margin | 9900 | €70,406 | €78,436 | +€8,030 | +11.4% |
| Operating profit (loss) | 9901 | €60,044 | €68,230 | +€8,186 | +13.6% |
| Financial income | 75/76B | - | €717 | +€717 | |
| Recurring financial income | 75 | - | €717 | +€717 | |
| Financial charges | 65/66B | €46 | €48 | +€3 | +5.6% |
| Recurring financial charges | 65 | €46 | €48 | +€3 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €59,998 | €68,899 | +€8,901 | +14.8% |
| Income taxes | 67/77 | €16,032 | €17,624 | +€1,591 | +9.9% |
| Profit (loss) for the period | 9904 | €43,966 | €51,275 | +€7,309 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,966 | €51,275 | +€7,309 | +16.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.