BLADERBEELD: 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.
BLADERBEELD
Largest movements
- Receivables within one year -€12,934
down €12,934 (-99.7%), from €12,975 to €41
of which Trade receivables: -€12,234
- Cash +€11,195
up €11,195 (+52.5%), from €21,339 to €32,534
mainly Net result for the year (+€23,302) and Receivables within one year (+€12,934)
- Tangible fixed assets -€3,378
down €3,378 (-5.5%), from €61,466 to €58,088
of which Land and buildings: -€5,942
- Debts after one year -€8,840
down €8,840 (-19.3%), from €45,778 to €36,938
- Other debts +€8,249
up €8,249 (+386.3%), from €2,135 to €10,384
- Reserves -€3,779
down €3,779 (-4.5%), from €84,668 to €80,889
- Tax, wage and social debts +€3,305
up €3,305 (+34.1%), from €9,700 to €13,005
of which Taxes: +€10,405
- Short-term financial debts -€2,943
down €2,943 (-72.3%), from €4,069 to €1,126
- Gross operating margin +€16,456
up €16,456 (+49.4%), from €33,336 to €49,792
- Taxes +€3,166
up €3,166 (+47.3%), from €6,690 to €9,857
- Other operating charges +€1,081
up €1,081 (+41.9%), from €2,582 to €3,663
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 | €95,780 | €90,663 | -€5,117 | -5.3% |
| Fixed assets | 21/28 | €61,466 | €58,088 | -€3,378 | -5.5% |
| Tangible fixed assets | 22/27 | €61,466 | €58,088 | -€3,378 | -5.5% |
| Land and buildings | 22 | €53,822 | €47,880 | -€5,942 | -11.0% |
| Plant, machinery and equipment | 23 | €1,033 | €2,648 | +€1,615 | +156.2% |
| Furniture and vehicles | 24 | €6,610 | €7,560 | +€949 | +14.4% |
| Current assets | 29/58 | €34,314 | €32,575 | -€1,739 | -5.1% |
| Amounts receivable within one year | 40/41 | €12,975 | €41 | -€12,934 | -99.7% |
| Trade receivables | 40 | €12,234 | - | -€12,234 | |
| Other amounts receivable | 41 | €741 | €41 | -€699 | -94.4% |
| Cash at bank and in hand | 54/58 | €21,339 | €32,534 | +€11,195 | +52.5% |
| Total equity and liabilities | 10/49 | €95,780 | €90,663 | -€5,117 | -5.3% |
| Equity | 10/15 | €28,604 | €24,825 | -€3,779 | -13.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €84,668 | €80,889 | -€3,779 | -4.5% |
| Distributable reserves | 133 | €84,668 | €80,889 | -€3,779 | -4.5% |
| Profit (loss) carried forward | 14 | -€64,123 | -€64,123 | = | 0.0% |
| Amounts payable | 17/49 | €67,175 | €65,838 | -€1,337 | -2.0% |
| Amounts payable after more than one year | 17 | €45,778 | €36,938 | -€8,840 | -19.3% |
| Financial debts | 170/4 | €45,778 | €36,938 | -€8,840 | -19.3% |
| Amounts payable within one year | 42/48 | €20,004 | €28,900 | +€8,896 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €3,675 | €3,840 | +€165 | +4.5% |
| Financial debts | 43 | €4,069 | €1,126 | -€2,943 | -72.3% |
| Credit institutions | 430/8 | €4,069 | €1,126 | -€2,943 | -72.3% |
| Trade debts | 44 | €424 | €545 | +€121 | +28.5% |
| Suppliers | 440/4 | €424 | €545 | +€121 | +28.5% |
| Taxes, remuneration and social security | 45 | €9,700 | €13,005 | +€3,305 | +34.1% |
| Taxes | 450/3 | - | €10,405 | +€10,405 | |
| Remuneration and social security | 454/9 | €9,700 | €2,600 | -€7,100 | -73.2% |
| Other amounts payable | 47/48 | €2,135 | €10,384 | +€8,249 | +386.3% |
| Accrued charges and deferred income | 492/3 | €1,394 | - | -€1,394 | |
| Non-recurring operating income | 76A | - | €9,393 | +€9,393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,157 | €10,896 | -€261 | -2.3% |
| Other operating charges | 640/8 | €2,582 | €3,663 | +€1,081 | +41.9% |
| Gross operating margin | 9900 | €33,336 | €49,792 | +€16,456 | +49.4% |
| Operating profit (loss) | 9901 | €19,597 | €35,233 | +€15,636 | +79.8% |
| Financial income | 75/76B | €26 | €99 | +€74 | +287.4% |
| Recurring financial income | 75 | €26 | €99 | +€74 | +287.4% |
| Financial charges | 65/66B | €2,220 | €2,173 | -€47 | -2.1% |
| Recurring financial charges | 65 | €2,220 | €2,173 | -€47 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €17,402 | €33,159 | +€15,757 | +90.5% |
| Income taxes | 67/77 | €6,690 | €9,857 | +€3,166 | +47.3% |
| Profit (loss) for the period | 9904 | €10,712 | €23,302 | +€12,590 | +117.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,712 | €23,302 | +€12,590 | +117.5% |
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 30 September 2026 via checked.be.