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
- Cash +€60,878
up €60,878 (+45.3%), from €134,362 to €195,240
mainly Net result for the year (+€57,086) and Tax, wage and social debts (+€13,127)
- Tangible fixed assets -€9,256
down €9,256 (-25.9%), from €35,741 to €26,485
of which Furniture and vehicles: -€8,750
- Reserves +€57,086
up €57,086 (+43.2%), from €132,239 to €189,326
- Other debts -€16,024
down €16,024 (-58.5%), from €27,372 to €11,348
- Tax, wage and social debts +€13,127
up €13,127 (+760%), from €1,728 to €14,855
- Gross operating margin +€28,690
up €28,690 (+43.6%), from €65,806 to €94,496
- Taxes +€9,318
up €9,318 (+50.2%), from €18,567 to €27,886
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 | €182,021 | €235,221 | +€53,199 | +29.2% |
| Fixed assets | 21/28 | €35,741 | €26,485 | -€9,256 | -25.9% |
| Tangible fixed assets | 22/27 | €35,741 | €26,485 | -€9,256 | -25.9% |
| Plant, machinery and equipment | 23 | €1,700 | €1,195 | -€505 | -29.7% |
| Furniture and vehicles | 24 | €34,040 | €25,290 | -€8,750 | -25.7% |
| Current assets | 29/58 | €146,281 | €208,735 | +€62,455 | +42.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €9,220 | €10,932 | +€1,711 | +18.6% |
| Trade receivables | 40 | €9,038 | €10,932 | +€1,894 | +21.0% |
| Other amounts receivable | 41 | €183 | - | -€183 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €134,362 | €195,240 | +€60,878 | +45.3% |
| Deferred charges and accrued income | 490/1 | €2,699 | €2,564 | -€135 | -5.0% |
| Total equity and liabilities | 10/49 | €182,021 | €235,221 | +€53,199 | +29.2% |
| Equity | 10/15 | €150,797 | €207,883 | +€57,086 | +37.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €132,239 | €189,326 | +€57,086 | +43.2% |
| Distributable reserves | 133 | €132,239 | €189,326 | +€57,086 | +43.2% |
| Profit (loss) carried forward | 14 | €7 | €7 | = | 0.0% |
| Amounts payable | 17/49 | €31,225 | €27,338 | -€3,887 | -12.4% |
| Amounts payable within one year | 42/48 | €31,225 | €27,338 | -€3,887 | -12.4% |
| Trade debts | 44 | €2,125 | €1,134 | -€990 | -46.6% |
| Suppliers | 440/4 | €2,125 | €1,134 | -€990 | -46.6% |
| Taxes, remuneration and social security | 45 | €1,728 | €14,855 | +€13,127 | +760% |
| Taxes | 450/3 | €1,728 | €14,855 | +€13,127 | +760% |
| Other amounts payable | 47/48 | €27,372 | €11,348 | -€16,024 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,044 | €9,256 | +€212 | +2.3% |
| Other operating charges | 640/8 | €316 | €260 | -€56 | -17.7% |
| Gross operating margin | 9900 | €65,806 | €94,496 | +€28,690 | +43.6% |
| Operating profit (loss) | 9901 | €56,446 | €84,980 | +€28,535 | +50.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8 | €8 | = | 0.0% |
| Recurring financial charges | 65 | €8 | €8 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €56,437 | €84,972 | +€28,535 | +50.6% |
| Income taxes | 67/77 | €18,567 | €27,886 | +€9,318 | +50.2% |
| Profit (loss) for the period | 9904 | €37,870 | €57,086 | +€19,216 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,870 | €57,086 | +€19,216 | +50.7% |
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 14 October 2026 via checked.be.