BLANC COMME BLANC: 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.
BLANC COMME BLANC
Largest movements
- Cash +€28,734
up €28,734 (+37.6%), from €76,405 to €105,139
mainly Depreciation (+€26,643) and Net result for the year (+€20,448)
- Tangible fixed assets -€25,304
down €25,304 (-20.8%), from €121,448 to €96,144
- Receivables within one year +€6,709
up €6,709 (+69.9%), from €9,596 to €16,305
of which Other amounts receivable: +€9,404
- Profit (loss) carried forward +€12,308
up €12,308, from -€11,962 to €346
- Accrued charges and deferred income +€10,980
new in 2025: €10,980
- Debts after one year -€8,730
down €8,730 (-100%), from €8,730 to €0
- Reserves -€6,860
down €6,860 (-4.2%), from €162,200 to €155,340
- Other debts +€3,802
up €3,802 (+33.9%), from €11,198 to €15,000
- Gross operating margin +€29,222
up €29,222 (+145%), from €20,220 to €49,442
- Write-downs -€3,893
down €3,893 (-100%), from €3,893 to €0
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 | €208,770 | €218,956 | +€10,186 | +4.9% |
| Fixed assets | 21/28 | €121,448 | €96,144 | -€25,304 | -20.8% |
| Tangible fixed assets | 22/27 | €121,448 | €96,144 | -€25,304 | -20.8% |
| Land and buildings | 22 | €64,592 | €53,826 | -€10,765 | -16.7% |
| Plant, machinery and equipment | 23 | €0 | €1,230 | +€1,230 | |
| Furniture and vehicles | 24 | €28,280 | €17,220 | -€11,059 | -39.1% |
| Other tangible fixed assets | 26 | €28,577 | €23,867 | -€4,709 | -16.5% |
| Current assets | 29/58 | €87,322 | €122,812 | +€35,490 | +40.6% |
| Amounts receivable within one year | 40/41 | €9,596 | €16,305 | +€6,709 | +69.9% |
| Trade receivables | 40 | €5,668 | €2,972 | -€2,695 | -47.6% |
| Other amounts receivable | 41 | €3,929 | €13,333 | +€9,404 | +239% |
| Cash at bank and in hand | 54/58 | €76,405 | €105,139 | +€28,734 | +37.6% |
| Deferred charges and accrued income | 490/1 | €1,320 | €1,368 | +€48 | +3.6% |
| Total equity and liabilities | 10/49 | €208,770 | €218,956 | +€10,186 | +4.9% |
| Equity | 10/15 | €168,838 | €174,286 | +€5,448 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,200 | €155,340 | -€6,860 | -4.2% |
| Distributable reserves | 133 | €162,200 | €155,340 | -€6,860 | -4.2% |
| Profit (loss) carried forward | 14 | -€11,962 | €346 | +€12,308 | |
| Provisions and deferred taxes | 16 | €3,500 | €3,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,500 | €3,500 | = | 0.0% |
| Pensions and similar obligations | 160 | €3,500 | €3,500 | = | 0.0% |
| Amounts payable | 17/49 | €36,432 | €41,170 | +€4,738 | +13.0% |
| Amounts payable after more than one year | 17 | €8,730 | €0 | -€8,730 | -100% |
| Financial debts | 170/4 | €8,730 | €0 | -€8,730 | -100% |
| Amounts payable within one year | 42/48 | €27,702 | €30,190 | +€2,488 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €8,382 | €8,730 | +€348 | +4.2% |
| Trade debts | 44 | €3,505 | €3,476 | -€29 | -0.8% |
| Suppliers | 440/4 | €3,505 | €3,476 | -€29 | -0.8% |
| Taxes, remuneration and social security | 45 | €4,616 | €2,983 | -€1,633 | -35.4% |
| Taxes | 450/3 | €4,616 | €2,983 | -€1,633 | -35.4% |
| Other amounts payable | 47/48 | €11,198 | €15,000 | +€3,802 | +33.9% |
| Accrued charges and deferred income | 492/3 | - | €10,980 | +€10,980 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,872 | €26,643 | -€228 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,893 | €0 | -€3,893 | -100% |
| Other operating charges | 640/8 | €2,061 | €2,088 | +€28 | +1.3% |
| Gross operating margin | 9900 | €20,220 | €49,442 | +€29,222 | +145% |
| Operating profit (loss) | 9901 | -€12,605 | €20,710 | +€33,315 | |
| Financial income | 75/76B | €445 | €472 | +€27 | +6.0% |
| Recurring financial income | 75 | €445 | €472 | +€27 | +6.0% |
| Financial charges | 65/66B | €979 | €734 | -€245 | -25.0% |
| Recurring financial charges | 65 | €979 | €734 | -€245 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,139 | €20,448 | +€33,587 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,139 | €20,448 | +€33,587 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,139 | €20,448 | +€33,587 |
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 27 October 2026 via checked.be.