BLUSSER: 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.
BLUSSER
Largest movements
- Receivables within one year +€20,530
up €20,530 (+25.3%), from €81,037 to €101,567
of which Trade receivables: +€25,003
- Cash -€4,528
down €4,528 (-47.4%), from €9,548 to €5,020
mainly Contributions, distributions and other (-€78,000) and Receivables within one year (-€20,530)
- Other debts +€38,074
up €38,074 (+62.1%), from €61,266 to €99,340
- Reserves -€26,883
down €26,883 (-98.4%), from €27,319 to €437
- Tax, wage and social debts +€5,636
new in 2025: €5,636
- Gross operating margin +€26,143
up €26,143 (+54.8%), from €47,669 to €73,812
- Taxes +€11,254
up €11,254 (+114.3%), from €9,843 to €21,097
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 | €90,585 | €107,569 | +€16,984 | +18.7% |
| Fixed assets | 21/28 | - | €982 | +€982 | |
| Tangible fixed assets | 22/27 | - | €982 | +€982 | |
| Plant, machinery and equipment | 23 | - | €982 | +€982 | |
| Current assets | 29/58 | €90,585 | €106,587 | +€16,002 | +17.7% |
| Amounts receivable within one year | 40/41 | €81,037 | €101,567 | +€20,530 | +25.3% |
| Trade receivables | 40 | €75,168 | €100,172 | +€25,003 | +33.3% |
| Other amounts receivable | 41 | €5,869 | €1,395 | -€4,473 | -76.2% |
| Cash at bank and in hand | 54/58 | €9,548 | €5,020 | -€4,528 | -47.4% |
| Total equity and liabilities | 10/49 | €90,585 | €107,569 | +€16,984 | +18.7% |
| Equity | 10/15 | €29,319 | €2,437 | -€26,883 | -91.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €27,319 | €437 | -€26,883 | -98.4% |
| Distributable reserves | 133 | €27,319 | €437 | -€26,883 | -98.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,266 | €105,132 | +€43,867 | +71.6% |
| Amounts payable within one year | 42/48 | €61,266 | €105,132 | +€43,867 | +71.6% |
| Trade debts | 44 | - | €156 | +€156 | |
| Suppliers | 440/4 | - | €156 | +€156 | |
| Taxes, remuneration and social security | 45 | - | €5,636 | +€5,636 | |
| Taxes | 450/3 | - | €5,636 | +€5,636 | |
| Other amounts payable | 47/48 | €61,266 | €99,340 | +€38,074 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €25 | +€25 | |
| Other operating charges | 640/8 | €1,114 | €1,509 | +€395 | +35.5% |
| Gross operating margin | 9900 | €47,669 | €73,812 | +€26,143 | +54.8% |
| Operating profit (loss) | 9901 | €46,554 | €72,277 | +€25,722 | +55.3% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €61 | €63 | +€1 | +2.2% |
| Recurring financial charges | 65 | €61 | €63 | +€1 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €46,493 | €72,214 | +€25,721 | +55.3% |
| Income taxes | 67/77 | €9,843 | €21,097 | +€11,254 | +114.3% |
| Profit (loss) for the period | 9904 | €36,650 | €51,117 | +€14,467 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,650 | €51,117 | +€14,467 | +39.5% |
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 5 October 2026 via checked.be.