Barend Blondé: 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.
Barend Blondé
Largest movements
- Current investments -€300,000
down €300,000 (-75.0%), from €400,000 to €100,000
- Cash +€270,770
up €270,770 (+484.9%), from €55,838 to €326,608
mainly Current investments (+€300,000) and Net result for the year (+€210,297)
- Tangible fixed assets -€32,066
down €32,066 (-6.1%), from €529,655 to €497,590
of which Land and buildings: -€17,227
- Receivables within one year -€16,477
down €16,477 (-11.0%), from €150,084 to €133,607
of which Trade receivables: -€17,464
- Reserves -€141,606
down €141,606 (-14.1%), from €1.0m to €860,027
of which Distributable reserves: -€139,049
- Other debts +€94,324
up €94,324 (+1297.1%), from €7,272 to €101,596
- Tax, wage and social debts -€32,399
down €32,399 (-34.4%), from €94,110 to €61,711
- Gross operating margin -€16,842
down €16,842 (-4.8%), from €353,534 to €336,692
- Financial income +€11,539
up €11,539 (+1331.5%), from €867 to €12,405
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 | €1,144,600 | €1,067,008 | -€77,592 | -6.8% |
| Fixed assets | 21/28 | €529,717 | €497,652 | -€32,066 | -6.1% |
| Tangible fixed assets | 22/27 | €529,655 | €497,590 | -€32,066 | -6.1% |
| Land and buildings | 22 | €504,893 | €487,666 | -€17,227 | -3.4% |
| Plant, machinery and equipment | 23 | €12,949 | €8,566 | -€4,383 | -33.8% |
| Furniture and vehicles | 24 | €11,813 | €1,358 | -€10,455 | -88.5% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €614,882 | €569,357 | -€45,526 | -7.4% |
| Amounts receivable within one year | 40/41 | €150,084 | €133,607 | -€16,477 | -11.0% |
| Trade receivables | 40 | €150,032 | €132,568 | -€17,464 | -11.6% |
| Other amounts receivable | 41 | €51 | €1,039 | +€987 | +1930.4% |
| Current investments | 50/53 | €400,000 | €100,000 | -€300,000 | -75.0% |
| Cash at bank and in hand | 54/58 | €55,838 | €326,608 | +€270,770 | +484.9% |
| Deferred charges and accrued income | 490/1 | €8,961 | €9,142 | +€181 | +2.0% |
| Total equity and liabilities | 10/49 | €1,144,600 | €1,067,008 | -€77,592 | -6.8% |
| Equity | 10/15 | €1,020,233 | €878,627 | -€141,606 | -13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,001,633 | €860,027 | -€141,606 | -14.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,418 | €60,860 | -€2,558 | -4.0% |
| Distributable reserves | 133 | €936,355 | €797,307 | -€139,049 | -14.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €21,139 | €20,287 | -€853 | -4.0% |
| Deferred taxes | 168 | €21,139 | €20,287 | -€853 | -4.0% |
| Amounts payable | 17/49 | €103,227 | €168,094 | +€64,867 | +62.8% |
| Amounts payable within one year | 42/48 | €103,227 | €168,094 | +€64,867 | +62.8% |
| Financial debts | 43 | €19 | €17 | -€2 | -9.9% |
| Credit institutions | 430/8 | €19 | €17 | -€2 | -9.9% |
| Trade debts | 44 | €1,826 | €4,770 | +€2,944 | +161.2% |
| Suppliers | 440/4 | €1,826 | €4,770 | +€2,944 | +161.2% |
| Taxes, remuneration and social security | 45 | €94,110 | €61,711 | -€32,399 | -34.4% |
| Taxes | 450/3 | €94,110 | €61,711 | -€32,399 | -34.4% |
| Other amounts payable | 47/48 | €7,272 | €101,596 | +€94,324 | +1297.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,586 | €38,316 | -€2,270 | -5.6% |
| Other operating charges | 640/8 | €4,202 | €4,534 | +€332 | +7.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €353,534 | €336,692 | -€16,842 | -4.8% |
| Operating profit (loss) | 9901 | €308,746 | €293,842 | -€14,904 | -4.8% |
| Financial income | 75/76B | €867 | €12,405 | +€11,539 | +1331.5% |
| Recurring financial income | 75 | €867 | €12,405 | +€11,539 | +1331.5% |
| Financial charges | 65/66B | €376 | €218 | -€158 | -42.0% |
| Recurring financial charges | 65 | €376 | €218 | -€158 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €309,236 | €306,029 | -€3,207 | -1.0% |
| Transfer from deferred taxes | 780 | €853 | €853 | = | 0.0% |
| Income taxes | 67/77 | €97,164 | €96,585 | -€580 | -0.6% |
| Profit (loss) for the period | 9904 | €212,925 | €210,297 | -€2,628 | -1.2% |
| Transfer from tax-exempt reserves | 789 | €2,558 | €2,558 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €215,482 | €212,855 | -€2,628 | -1.2% |
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 10 October 2026 via checked.be.