BLANCHE-ac: 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.
BLANCHE-ac
Largest movements
- Receivables within one year +€43,026
up €43,026 (+76.5%), from €56,243 to €99,269
of which Trade receivables: +€41,765
- Tangible fixed assets +€36,560
up €36,560 (+5.6%), from €655,281 to €691,841
of which Other tangible fixed assets: +€61,179
- Other debts +€171,772
up €171,772 (+298.2%), from €57,600 to €229,372
- Reserves -€144,917
down €144,917 (-52.2%), from €277,760 to €132,842
- Debts after one year -€43,876
down €43,876 (-12.4%), from €353,483 to €309,607
- Tax, wage and social debts +€37,007
up €37,007 (+139.6%), from €26,506 to €63,513
of which Taxes: +€37,007
- Trade debts +€34,777
up €34,777 (+336.4%), from €10,337 to €45,114
- Depreciation -€23,796
down €23,796 (-41.4%), from €57,483 to €33,687
- Gross operating margin +€23,088
up €23,088 (+10.7%), from €215,805 to €238,893
- Taxes +€16,853
up €16,853 (+47.3%), from €35,609 to €52,461
- Other operating charges +€5,652
up €5,652 (+144.9%), from €3,901 to €9,554
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 | €798,883 | €872,964 | +€74,081 | +9.3% |
| Fixed assets | 21/28 | €655,281 | €691,841 | +€36,560 | +5.6% |
| Tangible fixed assets | 22/27 | €655,281 | €691,841 | +€36,560 | +5.6% |
| Land and buildings | 22 | €181,747 | €167,896 | -€13,851 | -7.6% |
| Furniture and vehicles | 24 | €58,901 | €48,134 | -€10,767 | -18.3% |
| Other tangible fixed assets | 26 | €414,633 | €475,811 | +€61,179 | +14.8% |
| Current assets | 29/58 | €143,602 | €181,123 | +€37,521 | +26.1% |
| Stocks and contracts in progress | 3 | €633 | €398 | -€235 | -37.1% |
| Stocks | 30/36 | €633 | €398 | -€235 | -37.1% |
| Amounts receivable within one year | 40/41 | €56,243 | €99,269 | +€43,026 | +76.5% |
| Trade receivables | 40 | €56,226 | €97,991 | +€41,765 | +74.3% |
| Other amounts receivable | 41 | €17 | €1,278 | +€1,261 | +7451.8% |
| Cash at bank and in hand | 54/58 | €86,335 | €81,123 | -€5,212 | -6.0% |
| Deferred charges and accrued income | 490/1 | €390 | €333 | -€58 | -14.8% |
| Total equity and liabilities | 10/49 | €798,883 | €872,964 | +€74,081 | +9.3% |
| Equity | 10/15 | €296,360 | €151,442 | -€144,917 | -48.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €277,760 | €132,842 | -€144,917 | -52.2% |
| Distributable reserves | 133 | €277,760 | €132,842 | -€144,917 | -52.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €502,523 | €721,521 | +€218,998 | +43.6% |
| Amounts payable after more than one year | 17 | €353,483 | €309,607 | -€43,876 | -12.4% |
| Financial debts | 170/4 | €353,483 | €309,607 | -€43,876 | -12.4% |
| Amounts payable within one year | 42/48 | €145,882 | €410,613 | +€264,731 | +181.5% |
| Current portion of amounts payable after more than one year | 42 | €46,352 | €47,484 | +€1,132 | +2.4% |
| Financial debts | 43 | €5,087 | €25,130 | +€20,043 | +394.0% |
| Credit institutions | 430/8 | €5,087 | €25,130 | +€20,043 | +394.0% |
| Trade debts | 44 | €10,337 | €45,114 | +€34,777 | +336.4% |
| Suppliers | 440/4 | €10,337 | €45,114 | +€34,777 | +336.4% |
| Taxes, remuneration and social security | 45 | €26,506 | €63,513 | +€37,007 | +139.6% |
| Taxes | 450/3 | €23,885 | €60,892 | +€37,007 | +154.9% |
| Remuneration and social security | 454/9 | €2,621 | €2,621 | = | 0.0% |
| Other amounts payable | 47/48 | €57,600 | €229,372 | +€171,772 | +298.2% |
| Accrued charges and deferred income | 492/3 | €3,158 | €1,301 | -€1,857 | -58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,483 | €33,687 | -€23,796 | -41.4% |
| Other operating charges | 640/8 | €3,901 | €9,554 | +€5,652 | +144.9% |
| Gross operating margin | 9900 | €215,805 | €238,893 | +€23,088 | +10.7% |
| Operating profit (loss) | 9901 | €154,420 | €195,652 | +€41,232 | +26.7% |
| Financial income | 75/76B | €124 | €18 | -€106 | -85.6% |
| Recurring financial income | 75 | €124 | €18 | -€106 | -85.6% |
| Financial charges | 65/66B | €12,707 | €10,366 | -€2,341 | -18.4% |
| Recurring financial charges | 65 | €12,707 | €10,366 | -€2,341 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €141,837 | €185,304 | +€43,467 | +30.6% |
| Income taxes | 67/77 | €35,609 | €52,461 | +€16,853 | +47.3% |
| Profit (loss) for the period | 9904 | €106,228 | €132,842 | +€26,614 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €106,228 | €132,842 | +€26,614 | +25.1% |
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 8 October 2026 via checked.be.