BLOW (IT): 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.
BLOW (IT)
Largest movements
- Cash -€28,251
down €28,251 (-60.7%), from €46,575 to €18,324
mainly Net result for the year (-€40,875) and Investment in fixed assets (net) (-€17,454)
- Receivables after one year -€24,211
down €24,211 (-22.5%), from €107,805 to €83,594
- Receivables within one year +€16,064
up €16,064 (+180%), from €8,906 to €24,970
of which Other amounts receivable: +€12,451
- Tangible fixed assets -€15,653
down €15,653 (-11.8%), from €132,205 to €116,552
of which Furniture and vehicles: -€11,024
- Profit (loss) carried forward -€40,875
down €40,875 (-18.7%), from €218,026 to €177,151
- Current portion of long-term debt -€7,602
down €7,602 (-75.2%), from €10,113 to €2,511
- Gross operating margin -€52,997
down €52,997 (-94.5%), from €56,069 to €3,072
- Taxes -€4,321
down €4,321 (-95.3%), from €4,535 to €214
- Financial charges +€2,115
up €2,115 (+29.9%), from €7,067 to €9,182
- Financial income -€1,105
down €1,105 (-99.3%), from €1,112 to €7
- Depreciation +€725
up €725 (+2.2%), from €32,381 to €33,107
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 | €341,314 | €290,520 | -€50,794 | -14.9% |
| Fixed assets | 21/28 | €175,405 | €159,752 | -€15,653 | -8.9% |
| Tangible fixed assets | 22/27 | €132,205 | €116,552 | -€15,653 | -11.8% |
| Plant, machinery and equipment | 23 | - | €1,632 | +€1,632 | |
| Furniture and vehicles | 24 | €14,094 | €3,070 | -€11,024 | -78.2% |
| Other tangible fixed assets | 26 | €118,111 | €111,850 | -€6,261 | -5.3% |
| Financial fixed assets | 28 | €43,200 | €43,200 | = | 0.0% |
| Current assets | 29/58 | €165,909 | €130,768 | -€35,141 | -21.2% |
| Amounts receivable after more than one year | 29 | €107,805 | €83,594 | -€24,211 | -22.5% |
| Other amounts receivable | 291 | €107,805 | €83,594 | -€24,211 | -22.5% |
| Amounts receivable within one year | 40/41 | €8,906 | €24,970 | +€16,064 | +180% |
| Trade receivables | 40 | €1,045 | €4,659 | +€3,614 | +346% |
| Other amounts receivable | 41 | €7,861 | €20,311 | +€12,451 | +158% |
| Cash at bank and in hand | 54/58 | €46,575 | €18,324 | -€28,251 | -60.7% |
| Deferred charges and accrued income | 490/1 | €2,624 | €3,880 | +€1,257 | +47.9% |
| Total equity and liabilities | 10/49 | €341,314 | €290,520 | -€50,794 | -14.9% |
| Equity | 10/15 | €238,486 | €197,611 | -€40,875 | -17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218,026 | €177,151 | -€40,875 | -18.7% |
| Amounts payable | 17/49 | €102,829 | €92,909 | -€9,920 | -9.6% |
| Amounts payable after more than one year | 17 | €2,539 | - | -€2,539 | |
| Financial debts | 170/4 | €2,539 | - | -€2,539 | |
| Amounts payable within one year | 42/48 | €100,290 | €92,909 | -€7,381 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €10,113 | €2,511 | -€7,602 | -75.2% |
| Trade debts | 44 | €694 | €1,613 | +€919 | +132% |
| Suppliers | 440/4 | €694 | €1,613 | +€919 | +132% |
| Taxes, remuneration and social security | 45 | €4,785 | €3,590 | -€1,196 | -25.0% |
| Taxes | 450/3 | €2,075 | €3,590 | +€1,514 | +73.0% |
| Remuneration and social security | 454/9 | €2,710 | - | -€2,710 | |
| Other amounts payable | 47/48 | €84,697 | €85,195 | +€498 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,381 | €33,107 | +€725 | +2.2% |
| Other operating charges | 640/8 | €1,848 | €1,452 | -€396 | -21.4% |
| Gross operating margin | 9900 | €56,069 | €3,072 | -€52,997 | -94.5% |
| Operating profit (loss) | 9901 | €21,840 | -€31,486 | -€53,326 | |
| Financial income | 75/76B | €1,112 | €7 | -€1,105 | -99.3% |
| Recurring financial income | 75 | €1,112 | €7 | -€1,105 | -99.3% |
| Financial charges | 65/66B | €7,067 | €9,182 | +€2,115 | +29.9% |
| Recurring financial charges | 65 | €7,067 | €9,182 | +€2,115 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €15,884 | -€40,661 | -€56,545 | |
| Income taxes | 67/77 | €4,535 | €214 | -€4,321 | -95.3% |
| Profit (loss) for the period | 9904 | €11,349 | -€40,875 | -€52,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,349 | -€40,875 | -€52,224 |
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 19 October 2026 via checked.be.