BLANCHE: 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.
BLANCHE
Largest movements
- Receivables within one year +€36,775
up €36,775 (+92.5%), from €39,760 to €76,534
of which Other amounts receivable: +€36,839
- Deferred charges and accrued income +€9,583
up €9,583 (+36.7%), from €26,081 to €35,664
- Cash +€4,865
up €4,865 (+41.3%), from €11,774 to €16,639
mainly Net result for the year (+€40,366) and Accrued charges and deferred income (+€21,289)
- Tangible fixed assets -€1,463
down €1,463 (-44.5%), from €3,291 to €1,828
- Profit (loss) carried forward +€40,366
up €40,366 (+330%), from €12,230 to €52,596
- Accrued charges and deferred income +€21,289
up €21,289 (+1,867,460%), from €1 to €21,290
- Current portion of long-term debt -€20,596
down €20,596 (-100%), from €20,596 to €0
- Tax, wage and social debts +€4,453
up €4,453 (+27.2%), from €16,351 to €20,804
of which Taxes: +€5,756
- Trade debts +€4,248
up €4,248 (+1,039%), from €409 to €4,657
- Gross operating margin +€33,770
up €33,770 (+146%), from €23,167 to €56,937
- Taxes +€6,097
up €6,097 (+2,626%), from €232 to €6,330
- Depreciation -€978
down €978 (-40.1%), from €2,442 to €1,463
- Other operating charges +€833
up €833 (+107%), from €780 to €1,612
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 | €80,930 | €130,690 | +€49,760 | +61.5% |
| Fixed assets | 21/28 | €3,316 | €1,853 | -€1,463 | -44.1% |
| Tangible fixed assets | 22/27 | €3,291 | €1,828 | -€1,463 | -44.5% |
| Plant, machinery and equipment | 23 | €3,291 | €1,828 | -€1,463 | -44.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €77,614 | €128,837 | +€51,223 | +66.0% |
| Amounts receivable within one year | 40/41 | €39,760 | €76,534 | +€36,775 | +92.5% |
| Trade receivables | 40 | €64 | €0 | -€64 | -100% |
| Other amounts receivable | 41 | €39,696 | €76,534 | +€36,839 | +92.8% |
| Cash at bank and in hand | 54/58 | €11,774 | €16,639 | +€4,865 | +41.3% |
| Deferred charges and accrued income | 490/1 | €26,081 | €35,664 | +€9,583 | +36.7% |
| Total equity and liabilities | 10/49 | €80,930 | €130,690 | +€49,760 | +61.5% |
| Equity | 10/15 | €43,574 | €83,939 | +€40,366 | +92.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,743 | €12,743 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €12,743 | €12,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,230 | €52,596 | +€40,366 | +330% |
| Amounts payable | 17/49 | €37,357 | €46,751 | +€9,394 | +25.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €37,356 | €25,461 | -€11,895 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €20,596 | €0 | -€20,596 | -100% |
| Trade debts | 44 | €409 | €4,657 | +€4,248 | +1,039% |
| Suppliers | 440/4 | €409 | €4,657 | +€4,248 | +1,039% |
| Taxes, remuneration and social security | 45 | €16,351 | €20,804 | +€4,453 | +27.2% |
| Taxes | 450/3 | €14,389 | €20,145 | +€5,756 | +40.0% |
| Remuneration and social security | 454/9 | €1,962 | €658 | -€1,303 | -66.4% |
| Accrued charges and deferred income | 492/3 | €1 | €21,290 | +€21,289 | +1,867,460% |
| Remuneration, social security and pensions | 62 | €9,400 | €9,877 | +€477 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,442 | €1,463 | -€978 | -40.1% |
| Other operating charges | 640/8 | €780 | €1,612 | +€833 | +107% |
| Gross operating margin | 9900 | €23,167 | €56,937 | +€33,770 | +146% |
| Operating profit (loss) | 9901 | €10,545 | €43,985 | +€33,439 | +317% |
| Financial income | 75/76B | €2,973 | €3,220 | +€247 | +8.3% |
| Recurring financial income | 75 | €2,973 | €3,220 | +€247 | +8.3% |
| Financial charges | 65/66B | €769 | €509 | -€260 | -33.8% |
| Recurring financial charges | 65 | €769 | €509 | -€260 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €12,749 | €46,695 | +€33,946 | +266% |
| Income taxes | 67/77 | €232 | €6,330 | +€6,097 | +2,626% |
| Profit (loss) for the period | 9904 | €12,517 | €40,366 | +€27,849 | +222% |
| Transfer from tax-exempt reserves | 789 | €15,519 | €0 | -€15,519 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €28,036 | €40,366 | +€12,330 | +44.0% |
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 15 October 2026 via checked.be.