BLANCKAERT: what changed
BLANCKAERT
Largest movements
- Stocks and contracts -€29,654
down €29,654 (-25.5%), from €116,250 to €86,596
- Tangible fixed assets -€22,149
down €22,149 (-16.6%), from €133,738 to €111,588
of which Plant, machinery and equipment: -€11,563
- Cash +€17,925
up €17,925 (+51.0%), from €35,153 to €53,078
mainly Stocks and contracts (+€29,654) and Depreciation (+€22,149)
- Receivables within one year -€9,512
down €9,512 (-5.8%), from €163,833 to €154,321
of which Trade receivables: -€17,583
- Reserves -€18,585
down €18,585 (-6.1%), from €307,112 to €288,527
of which Distributable reserves: -€16,106
- Debts after one year -€10,440
down €10,440 (-15.8%), from €66,086 to €55,646
- Trade debts -€7,342
down €7,342 (-15.8%), from €46,442 to €39,100
- Tax, wage and social debts -€6,496
down €6,496 (-53.2%), from €12,214 to €5,718
of which Taxes: -€6,296
- Staff costs +€22,952
up €22,952 (+12.2%), from €187,467 to €210,419
- Gross operating margin -€14,499
down €14,499 (-5.2%), from €276,980 to €262,481
- Taxes -€9,386
down €9,386 (-57.3%), from €16,368 to €6,982
- Financial charges -€3,569
down €3,569 (-50.4%), from €7,083 to €3,514
- Depreciation +€3,149
up €3,149 (+16.6%), from €19,001 to €22,149
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,298 | €409,876 | -€42,422 | -9.4% |
| Fixed assets | 21/28 | €133,738 | €111,588 | -€22,149 | -16.6% |
| Tangible fixed assets | 22/27 | €133,738 | €111,588 | -€22,149 | -16.6% |
| Plant, machinery and equipment | 23 | €64,437 | €52,873 | -€11,563 | -17.9% |
| Furniture and vehicles | 24 | €17,241 | €12,283 | -€4,958 | -28.8% |
| Other tangible fixed assets | 26 | €52,060 | €46,432 | -€5,628 | -10.8% |
| Current assets | 29/58 | €318,560 | €298,287 | -€20,273 | -6.4% |
| Stocks and contracts in progress | 3 | €116,250 | €86,596 | -€29,654 | -25.5% |
| Stocks | 30/36 | €116,250 | €86,596 | -€29,654 | -25.5% |
| Amounts receivable within one year | 40/41 | €163,833 | €154,321 | -€9,512 | -5.8% |
| Trade receivables | 40 | €83,104 | €65,521 | -€17,583 | -21.2% |
| Other amounts receivable | 41 | €80,729 | €88,801 | +€8,071 | +10.0% |
| Cash at bank and in hand | 54/58 | €35,153 | €53,078 | +€17,925 | +51.0% |
| Deferred charges and accrued income | 490/1 | €3,325 | €4,292 | +€967 | +29.1% |
| Total equity and liabilities | 10/49 | €452,298 | €409,876 | -€42,422 | -9.4% |
| Equity | 10/15 | €315,838 | €297,253 | -€18,585 | -5.9% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €307,112 | €288,527 | -€18,585 | -6.1% |
| Non-distributable reserves | 130/1 | €2,479 | - | -€2,479 | |
| Reserves not available under the articles | 1311 | €2,479 | - | -€2,479 | |
| Tax-exempt reserves | 132 | €1,934 | €1,934 | = | 0.0% |
| Distributable reserves | 133 | €302,700 | €286,594 | -€16,106 | -5.3% |
| Profit (loss) carried forward | 14 | €50 | €50 | = | 0.0% |
| Amounts payable | 17/49 | €136,460 | €112,622 | -€23,837 | -17.5% |
| Amounts payable after more than one year | 17 | €66,086 | €55,646 | -€10,440 | -15.8% |
| Financial debts | 170/4 | €66,086 | €55,646 | -€10,440 | -15.8% |
| Amounts payable within one year | 42/48 | €70,374 | €56,976 | -€13,397 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €10,117 | €10,440 | +€323 | +3.2% |
| Trade debts | 44 | €46,442 | €39,100 | -€7,342 | -15.8% |
| Suppliers | 440/4 | €46,442 | €39,100 | -€7,342 | -15.8% |
| Taxes, remuneration and social security | 45 | €12,214 | €5,718 | -€6,496 | -53.2% |
| Taxes | 450/3 | €6,296 | - | -€6,296 | |
| Remuneration and social security | 454/9 | €5,918 | €5,718 | -€200 | -3.4% |
| Other amounts payable | 47/48 | €1,600 | €1,718 | +€118 | +7.4% |
| Remuneration, social security and pensions | 62 | €187,467 | €210,419 | +€22,952 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,001 | €22,149 | +€3,149 | +16.6% |
| Other operating charges | 640/8 | €2,269 | €4,210 | +€1,941 | +85.6% |
| Gross operating margin | 9900 | €276,980 | €262,481 | -€14,499 | -5.2% |
| Operating profit (loss) | 9901 | €68,243 | €25,702 | -€42,541 | -62.3% |
| Financial income | 75/76B | €192 | €2,628 | +€2,436 | +1,266% |
| Recurring financial income | 75 | €192 | €2,628 | +€2,436 | +1,266% |
| Financial charges | 65/66B | €7,083 | €3,514 | -€3,569 | -50.4% |
| Recurring financial charges | 65 | €7,083 | €3,514 | -€3,569 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €61,352 | €24,817 | -€36,535 | -59.5% |
| Income taxes | 67/77 | €16,368 | €6,982 | -€9,386 | -57.3% |
| Profit (loss) for the period | 9904 | €44,984 | €17,835 | -€27,149 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,984 | €17,835 | -€27,149 | -60.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.