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 +€33,559
up €33,559 (+52.0%), from €64,584 to €98,143
mainly Net result for the year (+€39,226) and Trade debts (+€13,163)
- Receivables within one year +€25,936
up €25,936 (+102.9%), from €25,216 to €51,152
- Deferred charges and accrued income -€2,891
down €2,891 (-17.2%), from €16,799 to €13,908
- Reserves +€130,551
new in 2025: €130,551
- Profit (loss) carried forward -€91,325
no longer reported in 2025 (was €91,325)
- Trade debts +€13,163
new in 2025: €13,163
- Accrued charges and deferred income +€6,706
new in 2025: €6,706
- Tax, wage and social debts -€2,367
down €2,367 (-18.0%), from €13,122 to €10,755
- Gross operating margin -€12,559
down €12,559 (-19.7%), from €63,851 to €51,292
- Taxes -€2,478
down €2,478 (-18.7%), from €13,233 to €10,755
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 | €109,198 | €165,176 | +€55,977 | +51.3% |
| Fixed assets | 21/28 | €2,600 | €1,973 | -€627 | -24.1% |
| Tangible fixed assets | 22/27 | €2,600 | €1,973 | -€627 | -24.1% |
| Furniture and vehicles | 24 | €2,600 | €1,973 | -€627 | -24.1% |
| Current assets | 29/58 | €106,599 | €163,203 | +€56,604 | +53.1% |
| Amounts receivable within one year | 40/41 | €25,216 | €51,152 | +€25,936 | +102.9% |
| Other amounts receivable | 41 | €25,216 | €51,152 | +€25,936 | +102.9% |
| Cash at bank and in hand | 54/58 | €64,584 | €98,143 | +€33,559 | +52.0% |
| Deferred charges and accrued income | 490/1 | €16,799 | €13,908 | -€2,891 | -17.2% |
| Total equity and liabilities | 10/49 | €109,198 | €165,176 | +€55,977 | +51.3% |
| Equity | 10/15 | €95,325 | €134,551 | +€39,226 | +41.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €130,551 | +€130,551 | |
| Distributable reserves | 133 | - | €130,551 | +€130,551 | |
| Profit (loss) carried forward | 14 | €91,325 | - | -€91,325 | |
| Amounts payable | 17/49 | €13,874 | €30,625 | +€16,751 | +120.7% |
| Amounts payable within one year | 42/48 | €13,874 | €23,918 | +€10,045 | +72.4% |
| Trade debts | 44 | - | €13,163 | +€13,163 | |
| Suppliers | 440/4 | - | €13,163 | +€13,163 | |
| Taxes, remuneration and social security | 45 | €13,122 | €10,755 | -€2,367 | -18.0% |
| Taxes | 450/3 | €13,122 | €10,755 | -€2,367 | -18.0% |
| Other amounts payable | 47/48 | €752 | - | -€752 | |
| Accrued charges and deferred income | 492/3 | - | €6,706 | +€6,706 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €534 | €627 | +€93 | +17.4% |
| Other operating charges | 640/8 | €551 | €632 | +€81 | +14.7% |
| Gross operating margin | 9900 | €63,851 | €51,292 | -€12,559 | -19.7% |
| Operating profit (loss) | 9901 | €62,766 | €50,033 | -€12,733 | -20.3% |
| Financial charges | 65/66B | €44 | €52 | +€8 | +19.3% |
| Recurring financial charges | 65 | €44 | €52 | +€8 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €62,722 | €49,981 | -€12,741 | -20.3% |
| Income taxes | 67/77 | €13,233 | €10,755 | -€2,478 | -18.7% |
| Profit (loss) for the period | 9904 | €49,490 | €39,226 | -€10,264 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,490 | €39,226 | -€10,264 | -20.7% |
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 10 October 2026 via checked.be.