Blanche Polar: 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 Polar
Largest movements
- Receivables within one year +€40,639
up €40,639 (+21.8%), from €186,011 to €226,649
of which Trade receivables: +€29,401
- Receivables after one year -€11,898
down €11,898 (-12.8%), from €92,707 to €80,808
- Profit (loss) carried forward +€24,253
up €24,253 (+48.7%), from €49,802 to €74,055
- Gross operating margin +€23,343
up €23,343 (+229%), from €10,201 to €33,544
- Taxes +€3,114
up €3,114 (+59.8%), from €5,204 to €8,318
- Other operating charges -€626
down €626 (-10.6%), from €5,884 to €5,258
- Financial income +€461
up €461 (+9.0%), from €5,137 to €5,599
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 | €288,222 | €314,705 | +€26,483 | +9.2% |
| Current assets | 29/58 | €288,222 | €314,705 | +€26,483 | +9.2% |
| Amounts receivable after more than one year | 29 | €92,707 | €80,808 | -€11,898 | -12.8% |
| Other amounts receivable | 291 | €92,707 | €80,808 | -€11,898 | -12.8% |
| Amounts receivable within one year | 40/41 | €186,011 | €226,649 | +€40,639 | +21.8% |
| Trade receivables | 40 | €162,045 | €191,447 | +€29,401 | +18.1% |
| Other amounts receivable | 41 | €23,965 | €35,203 | +€11,237 | +46.9% |
| Cash at bank and in hand | 54/58 | €4,457 | €3,784 | -€673 | -15.1% |
| Deferred charges and accrued income | 490/1 | €5,048 | €3,464 | -€1,584 | -31.4% |
| Total equity and liabilities | 10/49 | €288,222 | €314,705 | +€26,483 | +9.2% |
| Equity | 10/15 | €61,832 | €86,085 | +€24,253 | +39.2% |
| Contributions | 10/11 | €2,030 | €2,030 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,802 | €74,055 | +€24,253 | +48.7% |
| Amounts payable | 17/49 | €226,390 | €228,620 | +€2,230 | +1.0% |
| Amounts payable within one year | 42/48 | €226,390 | €228,620 | +€2,230 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €6,250 | -€2,750 | -30.6% |
| Trade debts | 44 | €204,910 | €206,826 | +€1,916 | +0.9% |
| Suppliers | 440/4 | €204,910 | €206,826 | +€1,916 | +0.9% |
| Taxes, remuneration and social security | 45 | €12,481 | €15,544 | +€3,064 | +24.5% |
| Taxes | 450/3 | €12,481 | €15,544 | +€3,064 | +24.5% |
| Other operating charges | 640/8 | €5,884 | €5,258 | -€626 | -10.6% |
| Gross operating margin | 9900 | €10,201 | €33,544 | +€23,343 | +229% |
| Operating profit (loss) | 9901 | €4,317 | €28,286 | +€23,969 | +555% |
| Financial income | 75/76B | €5,137 | €5,599 | +€461 | +9.0% |
| Recurring financial income | 75 | €5,137 | €5,599 | +€461 | +9.0% |
| Financial charges | 65/66B | €986 | €1,313 | +€327 | +33.1% |
| Recurring financial charges | 65 | €986 | €1,313 | +€327 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €8,468 | €32,572 | +€24,104 | +285% |
| Income taxes | 67/77 | €5,204 | €8,318 | +€3,114 | +59.8% |
| Profit (loss) for the period | 9904 | €3,264 | €24,253 | +€20,989 | +643% |
| Profit (loss) for the period to be appropriated | 9905 | €3,264 | €24,253 | +€20,989 | +643% |
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 24 October 2026 via checked.be.