Q - 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.
Q - Blast
Largest movements
- Receivables within one year -€38,745
down €38,745 (-77.6%), from €49,923 to €11,178
of which Trade receivables: -€39,440
- Cash +€32,118
up €32,118 (+158.7%), from €20,244 to €52,362
mainly Receivables within one year (+€38,745) and Advances received (+€31,117)
- Deferred charges and accrued income +€25,821
up €25,821 (+347.5%), from €7,430 to €33,251
- Tangible fixed assets -€9,323
down €9,323 (-57.7%), from €16,144 to €6,821
of which Leasing and similar rights: -€5,943
- Advances received +€31,117
up €31,117 (+458.5%), from €6,787 to €37,904
- Tax, wage and social debts -€10,708
down €10,708 (-68.4%), from €15,648 to €4,940
of which Taxes: -€5,458
- Profit (loss) carried forward -€7,286
down €7,286 (-29.2%), from -€24,953 to -€32,239
- Debts after one year -€4,979
no longer reported in 2025 (was €4,979)
- Accrued charges and deferred income +€2,838
up €2,838 (+134.2%), from €2,114 to €4,952
- Turnover -€129,250
no longer reported in 2025 (was €129,250)
- Purchases and services -€83,750
no longer reported in 2025 (was €83,750)
- Gross operating margin -€40,890
down €40,890 (-89.9%), from €45,500 to €4,610
- Taxes -€8,294
down €8,294 (-98.3%), from €8,440 to €146
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 | €93,741 | €103,612 | +€9,871 | +10.5% |
| Fixed assets | 21/28 | €16,144 | €6,821 | -€9,323 | -57.7% |
| Tangible fixed assets | 22/27 | €16,144 | €6,821 | -€9,323 | -57.7% |
| Plant, machinery and equipment | 23 | €2,836 | €226 | -€2,610 | -92.0% |
| Furniture and vehicles | 24 | €1,276 | €506 | -€770 | -60.3% |
| Leasing and similar rights | 25 | €12,032 | €6,089 | -€5,943 | -49.4% |
| Current assets | 29/58 | €77,597 | €96,791 | +€19,194 | +24.7% |
| Amounts receivable within one year | 40/41 | €49,923 | €11,178 | -€38,745 | -77.6% |
| Trade receivables | 40 | €44,415 | €4,975 | -€39,440 | -88.8% |
| Other amounts receivable | 41 | €5,508 | €6,203 | +€695 | +12.6% |
| Cash at bank and in hand | 54/58 | €20,244 | €52,362 | +€32,118 | +158.7% |
| Deferred charges and accrued income | 490/1 | €7,430 | €33,251 | +€25,821 | +347.5% |
| Total equity and liabilities | 10/49 | €93,741 | €103,612 | +€9,871 | +10.5% |
| Equity | 10/15 | €54,543 | €47,257 | -€7,286 | -13.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €76,996 | €76,996 | = | 0.0% |
| Distributable reserves | 133 | €76,996 | €76,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,953 | -€32,239 | -€7,286 | -29.2% |
| Amounts payable | 17/49 | €39,198 | €56,355 | +€17,157 | +43.8% |
| Amounts payable after more than one year | 17 | €4,979 | - | -€4,979 | |
| Financial debts | 170/4 | €4,979 | - | -€4,979 | |
| Amounts payable within one year | 42/48 | €32,105 | €51,403 | +€19,298 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €5,579 | €4,979 | -€600 | -10.8% |
| Trade debts | 44 | €3,262 | €3,580 | +€318 | +9.7% |
| Suppliers | 440/4 | €3,262 | €3,580 | +€318 | +9.7% |
| Advances received on contracts in progress | 46 | €6,787 | €37,904 | +€31,117 | +458.5% |
| Taxes, remuneration and social security | 45 | €15,648 | €4,940 | -€10,708 | -68.4% |
| Taxes | 450/3 | €10,398 | €4,940 | -€5,458 | -52.5% |
| Remuneration and social security | 454/9 | €5,250 | - | -€5,250 | |
| Other amounts payable | 47/48 | €829 | - | -€829 | |
| Accrued charges and deferred income | 492/3 | €2,114 | €4,952 | +€2,838 | +134.2% |
| Turnover | 70 | €129,250 | - | -€129,250 | |
| Goods, raw materials, services and sundry goods | 60/61 | €83,750 | - | -€83,750 | |
| Remuneration, social security and pensions | 62 | €50 | €793 | +€743 | +1486.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,455 | €9,322 | -€1,133 | -10.8% |
| Other operating charges | 640/8 | €796 | €639 | -€157 | -19.7% |
| Gross operating margin | 9900 | €45,500 | €4,610 | -€40,890 | -89.9% |
| Operating profit (loss) | 9901 | €34,199 | -€6,144 | -€40,343 | |
| Financial income | 75/76B | €328 | - | -€328 | |
| Recurring financial income | 75 | €328 | - | -€328 | |
| Financial charges | 65/66B | €1,310 | €996 | -€314 | -24.0% |
| Recurring financial charges | 65 | €380 | €996 | +€616 | +162.1% |
| Non-recurring financial charges | 66B | €930 | - | -€930 | |
| Profit (loss) for the period before taxes | 9903 | €33,217 | -€7,140 | -€40,357 | |
| Income taxes | 67/77 | €8,440 | €146 | -€8,294 | -98.3% |
| Profit (loss) for the period | 9904 | €24,777 | -€7,286 | -€32,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,777 | -€7,286 | -€32,063 |
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 6 October 2026 via checked.be.