Steve Blomme: what changed
Two financial 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.
Steve Blomme
Largest movements
- Tangible fixed assets -€37,040
down €37,040 (-13.4%), from €277,104 to €240,064
of which Furniture and vehicles: -€22,272
- Stocks and contracts -€28,291
down €28,291 (-65.5%), from €43,216 to €14,926
of which Contracts in progress: -€22,500
- Receivables within one year +€23,288
up €23,288 (+42.1%), from €55,303 to €78,591
of which Trade receivables: +€14,019
- Cash +€21,056
up €21,056 (+104.4%), from €20,178 to €41,233
mainly Depreciation (+€38,773) and Stocks and contracts (+€28,291)
- Debts after one year -€25,851
down €25,851 (-11.5%), from €224,180 to €198,330
- Trade debts +€22,342
up €22,342 (+336.9%), from €6,631 to €28,973
- Profit (loss) carried forward -€11,473
new in 2025: -€11,473
- Gross operating margin -€12,021
down €12,021 (-27.9%), from €43,114 to €31,093
- Depreciation +€8,949
up €8,949 (+30.0%), from €29,823 to €38,773
- Taxes -€1,980
down €1,980 (-91.1%), from €2,173 to €193
- Financial charges +€664
up €664 (+14.0%), from €4,736 to €5,401
- Financial income +€584
up €584 (+25.1%), from €2,332 to €2,916
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 | €426,581 | €405,594 | -€20,987 | -4.9% |
| Fixed assets | 21/28 | €277,104 | €240,064 | -€37,040 | -13.4% |
| Tangible fixed assets | 22/27 | €277,104 | €240,064 | -€37,040 | -13.4% |
| Land and buildings | 22 | €194,221 | €183,994 | -€10,227 | -5.3% |
| Plant, machinery and equipment | 23 | €12,017 | €7,475 | -€4,542 | -37.8% |
| Furniture and vehicles | 24 | €70,867 | €48,595 | -€22,272 | -31.4% |
| Current assets | 29/58 | €149,477 | €165,530 | +€16,053 | +10.7% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Trade receivables | 290 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €43,216 | €14,926 | -€28,291 | -65.5% |
| Stocks | 30/36 | €13,216 | €7,426 | -€5,791 | -43.8% |
| Contracts in progress | 37 | €30,000 | €7,500 | -€22,500 | -75.0% |
| Amounts receivable within one year | 40/41 | €55,303 | €78,591 | +€23,288 | +42.1% |
| Trade receivables | 40 | €49,085 | €63,104 | +€14,019 | +28.6% |
| Other amounts receivable | 41 | €6,218 | €15,487 | +€9,269 | +149.1% |
| Cash at bank and in hand | 54/58 | €20,178 | €41,233 | +€21,056 | +104.4% |
| Deferred charges and accrued income | 490/1 | €780 | €780 | = | 0.0% |
| Total equity and liabilities | 10/49 | €426,581 | €405,594 | -€20,987 | -4.9% |
| Equity | 10/15 | €147,656 | €133,559 | -€14,097 | -9.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €141,406 | €138,782 | -€2,624 | -1.9% |
| Distributable reserves | 133 | €141,406 | €138,782 | -€2,624 | -1.9% |
| Profit (loss) carried forward | 14 | - | -€11,473 | -€11,473 | |
| Amounts payable | 17/49 | €278,925 | €272,035 | -€6,890 | -2.5% |
| Amounts payable after more than one year | 17 | €224,180 | €198,330 | -€25,851 | -11.5% |
| Financial debts | 170/4 | €224,180 | €198,330 | -€25,851 | -11.5% |
| Amounts payable within one year | 42/48 | €54,286 | €73,705 | +€19,420 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €26,614 | €27,183 | +€569 | +2.1% |
| Trade debts | 44 | €6,631 | €28,973 | +€22,342 | +336.9% |
| Suppliers | 440/4 | €6,631 | €28,973 | +€22,342 | +336.9% |
| Taxes, remuneration and social security | 45 | €60 | €69 | +€9 | +14.1% |
| Taxes | 450/3 | €60 | €69 | +€9 | +14.1% |
| Other amounts payable | 47/48 | €20,980 | €17,480 | -€3,500 | -16.7% |
| Accrued charges and deferred income | 492/3 | €460 | - | -€460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,823 | €38,773 | +€8,949 | +30.0% |
| Other operating charges | 640/8 | €1,626 | €1,116 | -€510 | -31.4% |
| Gross operating margin | 9900 | €43,114 | €31,093 | -€12,021 | -27.9% |
| Operating profit (loss) | 9901 | €11,665 | -€8,796 | -€20,460 | |
| Financial income | 75/76B | €2,332 | €2,916 | +€584 | +25.1% |
| Recurring financial income | 75 | €2,332 | €2,916 | +€584 | +25.1% |
| Financial charges | 65/66B | €4,736 | €5,401 | +€664 | +14.0% |
| Recurring financial charges | 65 | €4,736 | €5,401 | +€664 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €9,260 | -€11,280 | -€20,540 | |
| Income taxes | 67/77 | €2,173 | €193 | -€1,980 | -91.1% |
| Profit (loss) for the period | 9904 | €7,087 | -€11,473 | -€18,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,087 | -€11,473 | -€18,560 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.