AUTHENTIC BLEND: 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.
AUTHENTIC BLEND
Largest movements
- Receivables within one year -€295,057
down €295,057 (-89.4%), from €329,911 to €34,854
of which Trade receivables: -€275,071
- Cash -€79,035
down €79,035 (-52.5%), from €150,461 to €71,426
mainly Trade debts (-€158,607) and Other debts (-€87,954)
- Trade debts -€158,607
down €158,607 (-78.3%), from €202,645 to €44,038
- Other debts -€87,954
down €87,954 (-46.7%), from €188,148 to €100,194
- Tax, wage and social debts -€45,133
down €45,133 (-85.4%), from €52,826 to €7,693
of which Taxes: -€24,878
- Profit (loss) carried forward -€37,022
down €37,022 (-53654.7%), from -€69 to -€37,091
- Short-term financial debts +€27,799
up €27,799 (+2471.0%), from €1,125 to €28,924
- Gross operating margin -€926,474
down €926,474 (-96.7%), from €957,739 to €31,265
- Staff costs -€472,770
down €472,770 (-98.5%), from €480,037 to €7,267
- Depreciation -€371,899
down €371,899 (-91.6%), from €406,002 to €34,103
- Financial charges -€41,318
down €41,318 (-80.5%), from €51,329 to €10,011
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 | €1,064,062 | €706,709 | -€357,353 | -33.6% |
| Fixed assets | 21/28 | €583,690 | €593,559 | +€9,869 | +1.7% |
| Tangible fixed assets | 22/27 | €583,690 | €593,559 | +€9,869 | +1.7% |
| Land and buildings | 22 | €574,555 | €565,103 | -€9,452 | -1.6% |
| Plant, machinery and equipment | 23 | €8,820 | €28,206 | +€19,386 | +219.8% |
| Furniture and vehicles | 24 | €315 | €250 | -€65 | -20.8% |
| Current assets | 29/58 | €480,372 | €113,150 | -€367,222 | -76.4% |
| Amounts receivable within one year | 40/41 | €329,911 | €34,854 | -€295,057 | -89.4% |
| Trade receivables | 40 | €309,871 | €34,800 | -€275,071 | -88.8% |
| Other amounts receivable | 41 | €20,040 | €54 | -€19,986 | -99.7% |
| Cash at bank and in hand | 54/58 | €150,461 | €71,426 | -€79,035 | -52.5% |
| Deferred charges and accrued income | 490/1 | - | €6,870 | +€6,870 | |
| Total equity and liabilities | 10/49 | €1,064,062 | €706,709 | -€357,353 | -33.6% |
| Equity | 10/15 | €110,917 | €73,896 | -€37,021 | -33.4% |
| Contributions | 10/11 | €4,986 | €4,986 | +€0 | 0.0% |
| Reserves | 13 | €106,000 | €106,000 | = | 0.0% |
| Distributable reserves | 133 | €106,000 | €106,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69 | -€37,091 | -€37,022 | -53654.7% |
| Amounts payable | 17/49 | €953,145 | €632,813 | -€320,332 | -33.6% |
| Amounts payable after more than one year | 17 | €479,535 | €451,964 | -€27,571 | -5.7% |
| Financial debts | 170/4 | €479,535 | €401,964 | -€77,571 | -16.2% |
| Other amounts payable | 178/9 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €472,470 | €180,849 | -€291,621 | -61.7% |
| Current portion of amounts payable after more than one year | 42 | €27,726 | - | -€27,726 | |
| Financial debts | 43 | €1,125 | €28,924 | +€27,799 | +2471.0% |
| Credit institutions | 430/8 | €1,125 | €28,924 | +€27,799 | +2471.0% |
| Trade debts | 44 | €202,645 | €44,038 | -€158,607 | -78.3% |
| Suppliers | 440/4 | €202,645 | €44,038 | -€158,607 | -78.3% |
| Taxes, remuneration and social security | 45 | €52,826 | €7,693 | -€45,133 | -85.4% |
| Taxes | 450/3 | €32,571 | €7,693 | -€24,878 | -76.4% |
| Remuneration and social security | 454/9 | €20,255 | - | -€20,255 | |
| Other amounts payable | 47/48 | €188,148 | €100,194 | -€87,954 | -46.7% |
| Accrued charges and deferred income | 492/3 | €1,140 | - | -€1,140 | |
| Remuneration, social security and pensions | 62 | €480,037 | €7,267 | -€472,770 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406,002 | €34,103 | -€371,899 | -91.6% |
| Other operating charges | 640/8 | €17,489 | €18,317 | +€828 | +4.7% |
| Gross operating margin | 9900 | €957,739 | €31,265 | -€926,474 | -96.7% |
| Operating profit (loss) | 9901 | €45,123 | -€28,422 | -€73,545 | |
| Financial income | 75/76B | €125 | €648 | +€523 | +418.2% |
| Recurring financial income | 75 | €125 | €648 | +€523 | +418.2% |
| Financial charges | 65/66B | €51,329 | €10,011 | -€41,318 | -80.5% |
| Recurring financial charges | 65 | €51,329 | €10,011 | -€41,318 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,081 | -€37,785 | -€31,704 | -521.4% |
| Income taxes | 67/77 | €4,960 | -€764 | -€5,724 | |
| Profit (loss) for the period | 9904 | -€11,041 | -€37,021 | -€25,980 | -235.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,041 | -€37,021 | -€25,980 | -235.3% |
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.