ROBERT BLAISE: 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.
ROBERT BLAISE
Largest movements
- Tangible fixed assets -€45,784
down €45,784 (-19.3%), from €236,826 to €191,042
of which Land and buildings: -€29,423
- Current investments -€36,852
down €36,852 (-34.4%), from €107,277 to €70,425
- Cash -€28,511
down €28,511 (-7.7%), from €370,023 to €341,512
mainly Tax, wage and social debts (-€66,587) and Net result for the year (-€43,754)
- Tax, wage and social debts -€66,587
down €66,587 (-95.9%), from €69,440 to €2,852
- Profit (loss) carried forward -€43,754
down €43,754 (-16.5%), from €265,830 to €222,076
- Gross operating margin -€225,427
down €225,427 (-88.8%), from €253,959 to €28,532
- Taxes -€69,760
down €69,760 (-98.6%), from €70,752 to €992
- Financial charges +€27,200
up €27,200 (+4346.3%), from €626 to €27,826
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 | €738,799 | €625,844 | -€112,955 | -15.3% |
| Fixed assets | 21/28 | €236,826 | €191,042 | -€45,784 | -19.3% |
| Tangible fixed assets | 22/27 | €236,826 | €191,042 | -€45,784 | -19.3% |
| Land and buildings | 22 | €204,201 | €174,778 | -€29,423 | -14.4% |
| Plant, machinery and equipment | 23 | €4,694 | €3,444 | -€1,250 | -26.6% |
| Furniture and vehicles | 24 | €27,930 | €12,820 | -€15,111 | -54.1% |
| Current assets | 29/58 | €501,973 | €434,802 | -€67,171 | -13.4% |
| Stocks and contracts in progress | 3 | €3,125 | €3,125 | = | 0.0% |
| Stocks | 30/36 | €3,125 | €3,125 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,988 | €16,992 | -€1,996 | -10.5% |
| Trade receivables | 40 | €18,725 | €16,281 | -€2,444 | -13.1% |
| Other amounts receivable | 41 | €263 | €711 | +€448 | +170.6% |
| Current investments | 50/53 | €107,277 | €70,425 | -€36,852 | -34.4% |
| Cash at bank and in hand | 54/58 | €370,023 | €341,512 | -€28,511 | -7.7% |
| Deferred charges and accrued income | 490/1 | €2,561 | €2,748 | +€187 | +7.3% |
| Total equity and liabilities | 10/49 | €738,799 | €625,844 | -€112,955 | -15.3% |
| Equity | 10/15 | €637,997 | €594,243 | -€43,754 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €353,567 | €353,567 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €351,707 | €351,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,830 | €222,076 | -€43,754 | -16.5% |
| Amounts payable | 17/49 | €100,802 | €31,600 | -€69,202 | -68.7% |
| Amounts payable within one year | 42/48 | €100,726 | €31,600 | -€69,125 | -68.6% |
| Trade debts | 44 | €6,413 | €8,096 | +€1,683 | +26.2% |
| Suppliers | 440/4 | €6,413 | €8,096 | +€1,683 | +26.2% |
| Taxes, remuneration and social security | 45 | €69,440 | €2,852 | -€66,587 | -95.9% |
| Taxes | 450/3 | €69,440 | €2,852 | -€66,587 | -95.9% |
| Other amounts payable | 47/48 | €24,873 | €20,652 | -€4,221 | -17.0% |
| Accrued charges and deferred income | 492/3 | €76 | - | -€76 | |
| Non-recurring operating income | 76A | €2,567 | - | -€2,567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,273 | €45,784 | -€1,489 | -3.1% |
| Other operating charges | 640/8 | €1,842 | €1,436 | -€406 | -22.0% |
| Gross operating margin | 9900 | €253,959 | €28,532 | -€225,427 | -88.8% |
| Operating profit (loss) | 9901 | €204,844 | -€18,688 | -€223,533 | |
| Financial income | 75/76B | €4,477 | €3,753 | -€724 | -16.2% |
| Recurring financial income | 75 | €4,477 | €3,753 | -€724 | -16.2% |
| Financial charges | 65/66B | €626 | €27,826 | +€27,200 | +4346.3% |
| Recurring financial charges | 65 | €626 | €27,826 | +€27,200 | +4346.3% |
| Profit (loss) for the period before taxes | 9903 | €208,695 | -€42,762 | -€251,457 | |
| Income taxes | 67/77 | €70,752 | €992 | -€69,760 | -98.6% |
| Profit (loss) for the period | 9904 | €137,944 | -€43,754 | -€181,697 | |
| Profit (loss) for the period to be appropriated | 9905 | €137,944 | -€43,754 | -€181,697 |
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 7 October 2026 via checked.be.