Blanckaert: what changed
Blanckaert
Largest movements
- Tangible fixed assets -€13,492
down €13,492 (-33.5%), from €40,265 to €26,773
- Cash -€7,842
down €7,842 (-34.7%), from €22,588 to €14,747
mainly Other debts (-€8,455) and Net result for the year (-€7,021)
- Receivables within one year -€5,636
down €5,636 (-58.9%), from €9,572 to €3,936
of which Trade receivables: -€3,615
- Other debts -€8,455
down €8,455 (-100%), from €8,455 to €0
- Reserves -€7,021
down €7,021 (-32.9%), from €21,343 to €14,323
- Trade debts -€5,273
down €5,273 (-89.2%), from €5,910 to €637
- Debts after one year -€4,101
down €4,101 (-15.7%), from €26,049 to €21,949
- Tax, wage and social debts -€2,716
down €2,716 (-65.2%), from €4,163 to €1,447
- Depreciation +€12,298
up €12,298 (+1,029%), from €1,195 to €13,492
- Gross operating margin +€4,379
up €4,379 (+80.0%), from €5,477 to €9,856
- Taxes -€649
down €649 (-81.5%), from €796 to €147
- Other operating charges +€254
up €254 (+24.5%), from €1,039 to €1,293
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 | €72,771 | €45,456 | -€27,315 | -37.5% |
| Fixed assets | 21/28 | €40,265 | €26,773 | -€13,492 | -33.5% |
| Tangible fixed assets | 22/27 | €40,265 | €26,773 | -€13,492 | -33.5% |
| Furniture and vehicles | 24 | €40,265 | €26,773 | -€13,492 | -33.5% |
| Current assets | 29/58 | €32,506 | €18,683 | -€13,823 | -42.5% |
| Amounts receivable within one year | 40/41 | €9,572 | €3,936 | -€5,636 | -58.9% |
| Trade receivables | 40 | €5,840 | €2,225 | -€3,615 | -61.9% |
| Other amounts receivable | 41 | €3,732 | €1,711 | -€2,021 | -54.1% |
| Cash at bank and in hand | 54/58 | €22,588 | €14,747 | -€7,842 | -34.7% |
| Deferred charges and accrued income | 490/1 | €345 | €0 | -€345 | -100% |
| Total equity and liabilities | 10/49 | €72,771 | €45,456 | -€27,315 | -37.5% |
| Equity | 10/15 | €24,343 | €17,323 | -€7,021 | -28.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,343 | €14,323 | -€7,021 | -32.9% |
| Distributable reserves | 133 | €21,343 | €14,323 | -€7,021 | -32.9% |
| Amounts payable | 17/49 | €48,428 | €28,133 | -€20,295 | -41.9% |
| Amounts payable after more than one year | 17 | €26,049 | €21,949 | -€4,101 | -15.7% |
| Financial debts | 170/4 | €26,049 | €21,949 | -€4,101 | -15.7% |
| Amounts payable within one year | 42/48 | €22,379 | €6,185 | -€16,194 | -72.4% |
| Current portion of amounts payable after more than one year | 42 | €3,851 | €4,101 | +€250 | +6.5% |
| Trade debts | 44 | €5,910 | €637 | -€5,273 | -89.2% |
| Suppliers | 440/4 | €5,910 | €637 | -€5,273 | -89.2% |
| Taxes, remuneration and social security | 45 | €4,163 | €1,447 | -€2,716 | -65.2% |
| Taxes | 450/3 | €4,163 | €1,447 | -€2,716 | -65.2% |
| Other amounts payable | 47/48 | €8,455 | €0 | -€8,455 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,195 | €13,492 | +€12,298 | +1,029% |
| Other operating charges | 640/8 | €1,039 | €1,293 | +€254 | +24.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €5,477 | €9,856 | +€4,379 | +80.0% |
| Operating profit (loss) | 9901 | €3,244 | -€4,929 | -€8,173 | |
| Financial income | 75/76B | €62 | €11 | -€51 | -82.5% |
| Recurring financial income | 75 | €62 | €11 | -€51 | -82.5% |
| Financial charges | 65/66B | €1,859 | €1,956 | +€97 | +5.2% |
| Recurring financial charges | 65 | €1,859 | €1,956 | +€97 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €1,447 | -€6,873 | -€8,320 | |
| Income taxes | 67/77 | €796 | €147 | -€649 | -81.5% |
| Profit (loss) for the period | 9904 | €651 | -€7,021 | -€7,672 | |
| Profit (loss) for the period to be appropriated | 9905 | €651 | -€7,021 | -€7,672 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.