BLANCHIMONT: 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.
BLANCHIMONT
Largest movements
- Cash +€292,600
up €292,600 (+162.6%), from €179,953 to €472,554
mainly Net result for the year (+€720,238) and Other debts (+€542,631)
- Current investments +€272,677
up €272,677 (+19.3%), from €1.4m to €1.7m
- Receivables within one year +€113,429
up €113,429 (+237.7%), from €47,724 to €161,153
of which Other amounts receivable: +€115,938
- Tangible fixed assets -€35,111
down €35,111 (-5.3%), from €656,834 to €621,724
of which Land and buildings: -€19,025
- Other debts +€542,631
up €542,631 (+525.5%), from €103,254 to €645,885
- Reserves +€95,074
up €95,074 (+4.5%), from €2.1m to €2.2m
- Financial income -€202,301
down €202,301 (-21.8%), from €929,004 to €726,703
- Taxes -€17,986
down €17,986 (-15.4%), from €116,861 to €98,875
- Gross operating margin +€4,261
up €4,261 (+2.7%), from €160,426 to €164,687
- Other operating charges +€2,008
up €2,008 (+91.3%), from €2,200 to €4,208
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 | €2,394,632 | €3,039,927 | +€645,295 | +26.9% |
| Fixed assets | 21/28 | €744,223 | €709,112 | -€35,111 | -4.7% |
| Tangible fixed assets | 22/27 | €656,834 | €621,724 | -€35,111 | -5.3% |
| Land and buildings | 22 | €518,109 | €499,084 | -€19,025 | -3.7% |
| Plant, machinery and equipment | 23 | €8,784 | €5,268 | -€3,516 | -40.0% |
| Furniture and vehicles | 24 | €129,942 | €117,372 | -€12,570 | -9.7% |
| Financial fixed assets | 28 | €87,388 | €87,389 | +€0 | 0.0% |
| Current assets | 29/58 | €1,650,409 | €2,330,814 | +€680,405 | +41.2% |
| Amounts receivable within one year | 40/41 | €47,724 | €161,153 | +€113,429 | +237.7% |
| Trade receivables | 40 | €2,615 | €105 | -€2,510 | -96.0% |
| Other amounts receivable | 41 | €45,110 | €161,048 | +€115,938 | +257.0% |
| Current investments | 50/53 | €1,415,514 | €1,688,192 | +€272,677 | +19.3% |
| Cash at bank and in hand | 54/58 | €179,953 | €472,554 | +€292,600 | +162.6% |
| Deferred charges and accrued income | 490/1 | €7,217 | €8,916 | +€1,699 | +23.5% |
| Total equity and liabilities | 10/49 | €2,394,632 | €3,039,927 | +€645,295 | +26.9% |
| Equity | 10/15 | €2,127,243 | €2,222,317 | +€95,074 | +4.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,114,843 | €2,209,917 | +€95,074 | +4.5% |
| Distributable reserves | 133 | €2,114,843 | €2,209,917 | +€95,074 | +4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €267,389 | €817,610 | +€550,221 | +205.8% |
| Amounts payable within one year | 42/48 | €267,389 | €817,610 | +€550,221 | +205.8% |
| Trade debts | 44 | €4,720 | €2,566 | -€2,154 | -45.6% |
| Suppliers | 440/4 | €4,720 | €2,566 | -€2,154 | -45.6% |
| Taxes, remuneration and social security | 45 | €159,416 | €169,159 | +€9,743 | +6.1% |
| Taxes | 450/3 | €159,416 | €169,159 | +€9,743 | +6.1% |
| Other amounts payable | 47/48 | €103,254 | €645,885 | +€542,631 | +525.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,608 | €67,919 | +€312 | +0.5% |
| Other operating charges | 640/8 | €2,200 | €4,208 | +€2,008 | +91.3% |
| Gross operating margin | 9900 | €160,426 | €164,687 | +€4,261 | +2.7% |
| Operating profit (loss) | 9901 | €90,619 | €92,560 | +€1,942 | +2.1% |
| Financial income | 75/76B | €929,004 | €726,703 | -€202,301 | -21.8% |
| Recurring financial income | 75 | €929,004 | €726,703 | -€202,301 | -21.8% |
| Financial charges | 65/66B | €95 | €150 | +€55 | +57.2% |
| Recurring financial charges | 65 | €95 | €150 | +€55 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €1,019,527 | €819,113 | -€200,414 | -19.7% |
| Income taxes | 67/77 | €116,861 | €98,875 | -€17,986 | -15.4% |
| Profit (loss) for the period | 9904 | €902,666 | €720,238 | -€182,428 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €902,666 | €720,238 | -€182,428 | -20.2% |
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 3 October 2026 via checked.be.