BLADELIN: 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.
BLADELIN
Largest movements
- Tangible fixed assets -€53,781
down €53,781 (-6.9%), from €780,608 to €726,827
of which Land and buildings: -€37,079
- Current investments +€22,907
up €22,907 (+13.3%), from €172,591 to €195,498
- Receivables within one year +€19,049
up €19,049 (+1,780%), from €1,070 to €20,120
of which Trade receivables: +€17,431
- Other debts +€24,497
up €24,497 (+16.8%), from €146,137 to €170,634
- Trade debts -€12,845
down €12,845 (-74.1%), from €17,339 to €4,494
- Turnover +€139,735
new in 2025: €139,735
- Gross operating margin -€96,829
down €96,829 (-58.4%), from €165,872 to €69,043
- Purchases and services +€79,318
new in 2025: €79,318
- Taxes -€30,130
down €30,130 (-92.1%), from €32,703 to €2,573
- Financial income +€2,450
up €2,450 (+275%), from €892 to €3,342
of which Non-recurring financial income: +€3,105
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 | €1,001,531 | €989,972 | -€11,559 | -1.2% |
| Fixed assets | 21/28 | €780,608 | €726,827 | -€53,781 | -6.9% |
| Tangible fixed assets | 22/27 | €780,608 | €726,827 | -€53,781 | -6.9% |
| Land and buildings | 22 | €739,462 | €702,382 | -€37,079 | -5.0% |
| Furniture and vehicles | 24 | €41,146 | €24,444 | -€16,701 | -40.6% |
| Current assets | 29/58 | €220,923 | €263,145 | +€42,222 | +19.1% |
| Amounts receivable within one year | 40/41 | €1,070 | €20,120 | +€19,049 | +1,780% |
| Trade receivables | 40 | - | €17,431 | +€17,431 | |
| Other amounts receivable | 41 | €1,070 | €2,689 | +€1,618 | +151% |
| Current investments | 50/53 | €172,591 | €195,498 | +€22,907 | +13.3% |
| Cash at bank and in hand | 54/58 | €46,885 | €47,387 | +€503 | +1.1% |
| Deferred charges and accrued income | 490/1 | €377 | €140 | -€237 | -62.9% |
| Total equity and liabilities | 10/49 | €1,001,531 | €989,972 | -€11,559 | -1.2% |
| Equity | 10/15 | €789,713 | €793,095 | +€3,382 | +0.4% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €307,588 | €310,969 | +€3,382 | +1.1% |
| Distributable reserves | 133 | €307,588 | €310,969 | +€3,382 | +1.1% |
| Profit (loss) carried forward | 14 | €107,126 | €107,126 | = | 0.0% |
| Amounts payable | 17/49 | €211,818 | €196,877 | -€14,940 | -7.1% |
| Amounts payable after more than one year | 17 | €9,606 | €0 | -€9,606 | -100% |
| Financial debts | 170/4 | €9,606 | €0 | -€9,606 | -100% |
| Amounts payable within one year | 42/48 | €191,076 | €188,549 | -€2,528 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €19,013 | €9,606 | -€9,406 | -49.5% |
| Trade debts | 44 | €17,339 | €4,494 | -€12,845 | -74.1% |
| Suppliers | 440/4 | €17,339 | €4,494 | -€12,845 | -74.1% |
| Taxes, remuneration and social security | 45 | €8,588 | €3,815 | -€4,774 | -55.6% |
| Taxes | 450/3 | €8,588 | €3,815 | -€4,774 | -55.6% |
| Other amounts payable | 47/48 | €146,137 | €170,634 | +€24,497 | +16.8% |
| Accrued charges and deferred income | 492/3 | €11,135 | €8,329 | -€2,806 | -25.2% |
| Turnover | 70 | - | €139,735 | +€139,735 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €79,318 | +€79,318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,719 | €53,781 | +€1,061 | +2.0% |
| Other operating charges | 640/8 | €3,785 | €3,827 | +€42 | +1.1% |
| Gross operating margin | 9900 | €165,872 | €69,043 | -€96,829 | -58.4% |
| Operating profit (loss) | 9901 | €109,367 | €11,435 | -€97,932 | -89.5% |
| Financial income | 75/76B | €892 | €3,342 | +€2,450 | +275% |
| Recurring financial income | 75 | €892 | €236 | -€656 | -73.5% |
| Non-recurring financial income | 76B | - | €3,105 | +€3,105 | |
| Financial charges | 65/66B | €9,607 | €8,821 | -€785 | -8.2% |
| Recurring financial charges | 65 | €9,607 | €8,821 | -€785 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €100,652 | €5,955 | -€94,697 | -94.1% |
| Income taxes | 67/77 | €32,703 | €2,573 | -€30,130 | -92.1% |
| Profit (loss) for the period | 9904 | €67,949 | €3,382 | -€64,567 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,949 | €3,382 | -€64,567 | -95.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.