BLZ GROUP: 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.
BLZ GROUP
Largest movements
- Receivables within one year +€1,852
up €1,852 (+11.9%), from €15,594 to €17,446
of which Trade receivables: +€2,960
- Cash +€696
up €696 (+3.9%), from €17,675 to €18,371
mainly Trade debts (+€2,679) and Net result for the year (+€363)
- Trade debts +€2,679
up €2,679 (+3307.0%), from €81 to €2,760
- Turnover +€1,815
up €1,815 (+2.8%), from €65,151 to €66,966
- Taxes +€1,405
up €1,405 (+673.1%), from €209 to €1,614
- Gross operating margin +€1,156
up €1,156 (+48.8%), from €2,369 to €3,526
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 | €34,569 | €37,117 | +€2,548 | +7.4% |
| Fixed assets | 21/28 | €1,300 | €1,300 | = | 0.0% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €33,269 | €35,817 | +€2,548 | +7.7% |
| Amounts receivable within one year | 40/41 | €15,594 | €17,446 | +€1,852 | +11.9% |
| Trade receivables | 40 | €11,480 | €14,440 | +€2,960 | +25.8% |
| Other amounts receivable | 41 | €4,114 | €3,006 | -€1,108 | -26.9% |
| Cash at bank and in hand | 54/58 | €17,675 | €18,371 | +€696 | +3.9% |
| Total equity and liabilities | 10/49 | €34,569 | €37,117 | +€2,548 | +7.4% |
| Equity | 10/15 | €32,990 | €33,353 | +€363 | +1.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Share premium | 1100/10 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,990 | €18,353 | +€363 | +2.0% |
| Amounts payable | 17/49 | €1,579 | €3,763 | +€2,185 | +138.4% |
| Amounts payable within one year | 42/48 | €1,579 | €3,763 | +€2,185 | +138.4% |
| Trade debts | 44 | €81 | €2,760 | +€2,679 | +3307.0% |
| Suppliers | 440/4 | €81 | €2,760 | +€2,679 | +3307.0% |
| Taxes, remuneration and social security | 45 | €1,298 | €1,004 | -€294 | -22.7% |
| Taxes | 450/3 | €665 | €767 | +€102 | +15.4% |
| Remuneration and social security | 454/9 | €633 | €237 | -€396 | -62.6% |
| Other amounts payable | 47/48 | €200 | - | -€200 | |
| Turnover | 70 | €65,151 | €66,966 | +€1,815 | +2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €62,782 | €63,440 | +€658 | +1.0% |
| Other operating charges | 640/8 | €512 | €838 | +€326 | +63.6% |
| Non-recurring operating charges | 66A | €568 | - | -€568 | |
| Gross operating margin | 9900 | €2,369 | €3,526 | +€1,156 | +48.8% |
| Operating profit (loss) | 9901 | €1,289 | €2,687 | +€1,398 | +108.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €518 | €711 | +€193 | +37.2% |
| Recurring financial charges | 65 | €518 | €711 | +€193 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €772 | €1,977 | +€1,205 | +156.1% |
| Income taxes | 67/77 | €209 | €1,614 | +€1,405 | +673.1% |
| Profit (loss) for the period | 9904 | €563 | €363 | -€200 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €563 | €363 | -€200 | -35.5% |
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 4 October 2026 via checked.be.