C-BLAST: 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.
C-BLAST
Largest movements
- Receivables within one year +€39,463
up €39,463 (+49.4%), from €79,882 to €119,346
of which Trade receivables: +€42,526
- Cash +€31,288
up €31,288 (+6089.1%), from €514 to €31,802
mainly Net result for the year (+€24,113) and Trade debts (+€21,392)
- Tangible fixed assets +€21,514
up €21,514 (+286.1%), from €7,521 to €29,034
of which Leasing and similar rights: +€22,773
- Deferred charges and accrued income +€3,580
new in 2025: €3,580
- Reserves +€24,113
up €24,113 (+59.4%), from €40,563 to €64,676
- Trade debts +€21,392
up €21,392 (+2556.6%), from €837 to €22,228
- Other debts +€21,091
up €21,091 (+49.7%), from €42,460 to €63,551
- Debts after one year +€18,271
new in 2025: €18,271
- Tax, wage and social debts +€6,747
up €6,747 (+269.9%), from €2,500 to €9,247
of which Taxes: +€6,343
- Gross operating margin +€34,503
up €34,503 (+577.1%), from €5,979 to €40,482
- Taxes +€5,920
up €5,920, from €0 to €5,920
- Staff costs +€4,444
new in 2025: €4,444
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 | €87,917 | €183,762 | +€95,845 | +109.0% |
| Fixed assets | 21/28 | €7,521 | €29,034 | +€21,514 | +286.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €7,521 | €29,034 | +€21,514 | +286.1% |
| Land and buildings | 22 | €0 | €2,602 | +€2,602 | |
| Plant, machinery and equipment | 23 | €7,521 | €2,521 | -€5,000 | -66.5% |
| Furniture and vehicles | 24 | - | €1,139 | +€1,139 | |
| Leasing and similar rights | 25 | - | €22,773 | +€22,773 | |
| Current assets | 29/58 | €80,396 | €154,728 | +€74,331 | +92.5% |
| Amounts receivable within one year | 40/41 | €79,882 | €119,346 | +€39,463 | +49.4% |
| Trade receivables | 40 | €75,000 | €117,526 | +€42,526 | +56.7% |
| Other amounts receivable | 41 | €4,882 | €1,820 | -€3,062 | -62.7% |
| Cash at bank and in hand | 54/58 | €514 | €31,802 | +€31,288 | +6089.1% |
| Deferred charges and accrued income | 490/1 | - | €3,580 | +€3,580 | |
| Total equity and liabilities | 10/49 | €87,917 | €183,762 | +€95,845 | +109.0% |
| Equity | 10/15 | €42,063 | €66,176 | +€24,113 | +57.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €40,563 | €64,676 | +€24,113 | +59.4% |
| Distributable reserves | 133 | €40,563 | €64,676 | +€24,113 | +59.4% |
| Amounts payable | 17/49 | €45,854 | €117,586 | +€71,732 | +156.4% |
| Amounts payable after more than one year | 17 | - | €18,271 | +€18,271 | |
| Financial debts | 170/4 | - | €18,271 | +€18,271 | |
| Amounts payable within one year | 42/48 | €45,854 | €99,315 | +€53,461 | +116.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,290 | +€4,290 | |
| Financial debts | 43 | €58 | €0 | -€58 | -100.0% |
| Credit institutions | 430/8 | €58 | €0 | -€58 | -100.0% |
| Trade debts | 44 | €837 | €22,228 | +€21,392 | +2556.6% |
| Suppliers | 440/4 | €837 | €22,228 | +€21,392 | +2556.6% |
| Taxes, remuneration and social security | 45 | €2,500 | €9,247 | +€6,747 | +269.9% |
| Taxes | 450/3 | €51 | €6,394 | +€6,343 | +12427.1% |
| Remuneration and social security | 454/9 | €2,449 | €2,853 | +€404 | +16.5% |
| Other amounts payable | 47/48 | €42,460 | €63,551 | +€21,091 | +49.7% |
| Remuneration, social security and pensions | 62 | - | €4,444 | +€4,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,756 | €5,597 | -€160 | -2.8% |
| Other operating charges | 640/8 | €384 | €50 | -€334 | -87.0% |
| Gross operating margin | 9900 | €5,979 | €40,482 | +€34,503 | +577.1% |
| Operating profit (loss) | 9901 | -€161 | €30,392 | +€30,553 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €319 | €358 | +€39 | +12.1% |
| Recurring financial charges | 65 | €319 | €358 | +€39 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€481 | €30,034 | +€30,515 | |
| Income taxes | 67/77 | €0 | €5,920 | +€5,920 | |
| Profit (loss) for the period | 9904 | -€481 | €24,113 | +€24,594 | |
| Profit (loss) for the period to be appropriated | 9905 | -€481 | €24,113 | +€24,594 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.