Blumanati: 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.
Blumanati
Largest movements
- Current investments +€94,000
up €94,000 (+213.6%), from €44,000 to €138,000
- Cash +€41,971
up €41,971 (+63.1%), from €66,468 to €108,439
mainly Net result for the year (+€132,280) and Trade debts (+€28,321)
- Tangible fixed assets -€28,368
down €28,368 (-15.0%), from €188,993 to €160,625
of which Land and buildings: -€20,221
- Receivables within one year -€13,674
down €13,674 (-18.0%), from €75,946 to €62,272
of which Trade receivables: -€19,786
- Reserves +€132,280
up €132,280 (+49.6%), from €266,473 to €398,753
- Accrued charges and deferred income -€66,501
down €66,501 (-100.0%), from €66,501 to €0
- Trade debts +€28,321
up €28,321 (+232.0%), from €12,210 to €40,531
- Depreciation +€15,612
up €15,612 (+155.1%), from €10,064 to €25,676
- Taxes -€9,843
down €9,843 (-19.6%), from €50,196 to €40,352
- Gross operating margin +€2,400
up €2,400 (+1.2%), from €196,713 to €199,114
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 | €375,407 | €469,336 | +€93,929 | +25.0% |
| Fixed assets | 21/28 | €188,993 | €160,625 | -€28,368 | -15.0% |
| Tangible fixed assets | 22/27 | €188,993 | €160,625 | -€28,368 | -15.0% |
| Land and buildings | 22 | €157,168 | €136,947 | -€20,221 | -12.9% |
| Plant, machinery and equipment | 23 | - | €381 | +€381 | |
| Furniture and vehicles | 24 | €31,826 | €23,297 | -€8,529 | -26.8% |
| Current assets | 29/58 | €186,414 | €308,711 | +€122,297 | +65.6% |
| Amounts receivable within one year | 40/41 | €75,946 | €62,272 | -€13,674 | -18.0% |
| Trade receivables | 40 | €75,358 | €55,572 | -€19,786 | -26.3% |
| Other amounts receivable | 41 | €588 | €6,699 | +€6,112 | +1040.3% |
| Current investments | 50/53 | €44,000 | €138,000 | +€94,000 | +213.6% |
| Cash at bank and in hand | 54/58 | €66,468 | €108,439 | +€41,971 | +63.1% |
| Total equity and liabilities | 10/49 | €375,407 | €469,336 | +€93,929 | +25.0% |
| Equity | 10/15 | €268,473 | €400,753 | +€132,280 | +49.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €266,473 | €398,753 | +€132,280 | +49.6% |
| Distributable reserves | 133 | €266,473 | €398,753 | +€132,280 | +49.6% |
| Amounts payable | 17/49 | €106,934 | €68,582 | -€38,352 | -35.9% |
| Amounts payable within one year | 42/48 | €40,433 | €68,582 | +€28,149 | +69.6% |
| Trade debts | 44 | €12,210 | €40,531 | +€28,321 | +232.0% |
| Suppliers | 440/4 | €12,210 | €40,531 | +€28,321 | +232.0% |
| Taxes, remuneration and social security | 45 | €28,223 | €28,051 | -€172 | -0.6% |
| Taxes | 450/3 | €28,223 | €28,051 | -€172 | -0.6% |
| Accrued charges and deferred income | 492/3 | €66,501 | €0 | -€66,501 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,064 | €25,676 | +€15,612 | +155.1% |
| Other operating charges | 640/8 | €295 | €618 | +€323 | +109.5% |
| Non-recurring operating charges | 66A | - | €23 | +€23 | |
| Gross operating margin | 9900 | €196,713 | €199,114 | +€2,400 | +1.2% |
| Operating profit (loss) | 9901 | €186,354 | €172,796 | -€13,558 | -7.3% |
| Financial charges | 65/66B | €129 | €163 | +€35 | +27.0% |
| Recurring financial charges | 65 | €128 | €163 | +€35 | +27.7% |
| Non-recurring financial charges | 66B | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €186,226 | €172,633 | -€13,593 | -7.3% |
| Income taxes | 67/77 | €50,196 | €40,352 | -€9,843 | -19.6% |
| Profit (loss) for the period | 9904 | €136,030 | €132,280 | -€3,750 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €136,030 | €132,280 | -€3,750 | -2.8% |
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 4 October 2026 via checked.be.