Blade & Beard: 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.
Blade & Beard
Largest movements
- Receivables after one year -€21,170
down €21,170 (-38.5%), from €55,000 to €33,830
- Receivables within one year +€11,807
up €11,807 (+718%), from €1,645 to €13,451
of which Other amounts receivable: +€13,446
- Deferred charges and accrued income +€2,713
up €2,713 (+327%), from €830 to €3,543
- Cash +€647
new in 2025: €647
mainly Receivables after one year (+€21,170) and Debts after one year (+€9,301)
- Tax, wage and social debts -€14,950
down €14,950 (-68.8%), from €21,741 to €6,792
of which Taxes: -€11,496
- Debts after one year +€9,301
up €9,301 (+110%), from €8,446 to €17,748
- Short-term financial debts +€3,499
up €3,499 (+100%), from €3,489 to €6,989
of which Credit institutions: +€1,810
- Other debts -€3,348
down €3,348 (-100%), from €3,348 to €0
- Trade debts +€1,590
up €1,590 (+18.6%), from €8,534 to €10,124
- Gross operating margin -€64,507
down €64,507 (-84.3%), from €76,487 to €11,980
- Staff costs -€52,880
down €52,880 (-83.1%), from €63,614 to €10,734
- Taxes -€4,163
down €4,163 (-93.8%), from €4,436 to €273
- Financial charges +€1,164
up €1,164 (+33.0%), from €3,532 to €4,696
- Financial income -€1,077
down €1,077 (-26.0%), from €4,144 to €3,067
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.
Derived cash bridge
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 | €58,717 | €52,445 | -€6,272 | -10.7% |
| Fixed assets | 21/28 | €1,242 | €973 | -€269 | -21.7% |
| Tangible fixed assets | 22/27 | €1,242 | €973 | -€269 | -21.7% |
| Furniture and vehicles | 24 | €1,242 | €973 | -€269 | -21.7% |
| Current assets | 29/58 | €57,475 | €51,472 | -€6,003 | -10.4% |
| Amounts receivable after more than one year | 29 | €55,000 | €33,830 | -€21,170 | -38.5% |
| Other amounts receivable | 291 | €55,000 | €33,830 | -€21,170 | -38.5% |
| Amounts receivable within one year | 40/41 | €1,645 | €13,451 | +€11,807 | +718% |
| Trade receivables | 40 | €1,639 | €0 | -€1,639 | -100% |
| Other amounts receivable | 41 | €5 | €13,451 | +€13,446 | +263,653% |
| Cash at bank and in hand | 54/58 | - | €647 | +€647 | |
| Deferred charges and accrued income | 490/1 | €830 | €3,543 | +€2,713 | +327% |
| Total equity and liabilities | 10/49 | €58,717 | €52,445 | -€6,272 | -10.7% |
| Equity | 10/15 | €8,355 | €6,801 | -€1,554 | -18.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €7,355 | €7,355 | = | 0.0% |
| Distributable reserves | 133 | €7,355 | €7,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,554 | -€1,554 | |
| Amounts payable | 17/49 | €50,362 | €45,644 | -€4,718 | -9.4% |
| Amounts payable after more than one year | 17 | €8,446 | €17,748 | +€9,301 | +110% |
| Financial debts | 170/4 | €8,446 | €17,748 | +€9,301 | +110% |
| Amounts payable within one year | 42/48 | €41,829 | €27,896 | -€13,932 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €4,717 | €3,992 | -€725 | -15.4% |
| Financial debts | 43 | €3,489 | €6,989 | +€3,499 | +100% |
| Credit institutions | 430/8 | €3,489 | €5,300 | +€1,810 | +51.9% |
| Other loans | 439 | - | €1,689 | +€1,689 | |
| Trade debts | 44 | €8,534 | €10,124 | +€1,590 | +18.6% |
| Suppliers | 440/4 | €8,534 | €10,124 | +€1,590 | +18.6% |
| Taxes, remuneration and social security | 45 | €21,741 | €6,792 | -€14,950 | -68.8% |
| Taxes | 450/3 | €16,623 | €5,127 | -€11,496 | -69.2% |
| Remuneration and social security | 454/9 | €5,118 | €1,665 | -€3,453 | -67.5% |
| Other amounts payable | 47/48 | €3,348 | €0 | -€3,348 | -100% |
| Accrued charges and deferred income | 492/3 | €87 | €0 | -€87 | -100% |
| Remuneration, social security and pensions | 62 | €63,614 | €10,734 | -€52,880 | -83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104 | €269 | +€165 | +160% |
| Other operating charges | 640/8 | €1,591 | €629 | -€961 | -60.4% |
| Gross operating margin | 9900 | €76,487 | €11,980 | -€64,507 | -84.3% |
| Operating profit (loss) | 9901 | €11,178 | €347 | -€10,831 | -96.9% |
| Financial income | 75/76B | €4,144 | €3,067 | -€1,077 | -26.0% |
| Recurring financial income | 75 | €4,144 | €3,067 | -€1,077 | -26.0% |
| Financial charges | 65/66B | €3,532 | €4,696 | +€1,164 | +33.0% |
| Recurring financial charges | 65 | €3,532 | €4,696 | +€1,164 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €11,791 | -€1,282 | -€13,072 | |
| Income taxes | 67/77 | €4,436 | €273 | -€4,163 | -93.8% |
| Profit (loss) for the period | 9904 | €7,355 | -€1,554 | -€8,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,355 | -€1,554 | -€8,910 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.