BLANCKAERT PROJECTS: 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.
BLANCKAERT PROJECTS
Largest movements
- Cash -€264,073
down €264,073 (-70.5%), from €374,680 to €110,607
mainly Investment in fixed assets (net) (-€211,844) and Other debts (-€191,113)
- Current investments -€221,270
down €221,270 (-100.0%), from €221,270 to €0
- Tangible fixed assets +€172,508
up €172,508 (+431.8%), from €39,951 to €212,459
of which Land and buildings: +€183,191
- Stocks and contracts +€128,348
up €128,348 (+377.9%), from €33,968 to €162,316
of which Contracts in progress: +€128,348
- Receivables within one year +€15,235
up €15,235 (+69.3%), from €21,992 to €37,227
of which Trade receivables: +€10,696
- Other debts -€191,113
down €191,113 (-100.0%), from €191,143 to €30
- Debts after one year +€127,064
up €127,064 (+743.9%), from €17,080 to €144,144
- Tax, wage and social debts -€84,212
down €84,212 (-95.2%), from €88,485 to €4,272
- Accrued charges and deferred income -€62,913
down €62,913 (-100.0%), from €62,913 to €0
- Profit (loss) carried forward +€46,562
up €46,562 (+19.9%), from €234,072 to €280,634
- Gross operating margin -€235,956
down €235,956 (-67.2%), from €350,870 to €114,915
- Taxes -€50,224
down €50,224 (-75.9%), from €66,137 to €15,912
- Financial charges -€49,013
down €49,013 (-96.8%), from €50,645 to €1,632
- Depreciation +€26,491
up €26,491 (+206.6%), from €12,825 to €39,316
- Other operating charges +€6,473
up €6,473 (+78.5%), from €8,247 to €14,720
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 | €691,861 | €522,628 | -€169,233 | -24.5% |
| Fixed assets | 21/28 | €39,951 | €212,479 | +€172,528 | +431.8% |
| Tangible fixed assets | 22/27 | €39,951 | €212,459 | +€172,508 | +431.8% |
| Land and buildings | 22 | - | €183,191 | +€183,191 | |
| Plant, machinery and equipment | 23 | €9,592 | €7,348 | -€2,244 | -23.4% |
| Furniture and vehicles | 24 | €30,359 | €21,919 | -€8,440 | -27.8% |
| Financial fixed assets | 28 | - | €20 | +€20 | |
| Current assets | 29/58 | €651,909 | €310,149 | -€341,760 | -52.4% |
| Stocks and contracts in progress | 3 | €33,968 | €162,316 | +€128,348 | +377.9% |
| Stocks | 30/36 | €33,968 | €33,968 | = | 0.0% |
| Contracts in progress | 37 | €0 | €128,348 | +€128,348 | |
| Amounts receivable within one year | 40/41 | €21,992 | €37,227 | +€15,235 | +69.3% |
| Trade receivables | 40 | €21,971 | €32,667 | +€10,696 | +48.7% |
| Other amounts receivable | 41 | €21 | €4,560 | +€4,539 | +21614.0% |
| Current investments | 50/53 | €221,270 | €0 | -€221,270 | -100.0% |
| Cash at bank and in hand | 54/58 | €374,680 | €110,607 | -€264,073 | -70.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €691,861 | €522,628 | -€169,233 | -24.5% |
| Equity | 10/15 | €296,472 | €343,034 | +€46,562 | +15.7% |
| Contributions | 10/11 | €62,400 | €62,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €234,072 | €280,634 | +€46,562 | +19.9% |
| Amounts payable | 17/49 | €395,389 | €179,594 | -€215,795 | -54.6% |
| Amounts payable after more than one year | 17 | €17,080 | €144,144 | +€127,064 | +743.9% |
| Financial debts | 170/4 | €17,080 | €144,144 | +€127,064 | +743.9% |
| Amounts payable within one year | 42/48 | €315,395 | €35,450 | -€279,945 | -88.8% |
| Current portion of amounts payable after more than one year | 42 | €10,865 | €18,936 | +€8,071 | +74.3% |
| Trade debts | 44 | €24,902 | €12,211 | -€12,691 | -51.0% |
| Suppliers | 440/4 | €24,902 | €12,211 | -€12,691 | -51.0% |
| Taxes, remuneration and social security | 45 | €88,485 | €4,272 | -€84,212 | -95.2% |
| Taxes | 450/3 | €88,485 | €4,272 | -€84,212 | -95.2% |
| Other amounts payable | 47/48 | €191,143 | €30 | -€191,113 | -100.0% |
| Accrued charges and deferred income | 492/3 | €62,913 | €0 | -€62,913 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,825 | €39,316 | +€26,491 | +206.6% |
| Other operating charges | 640/8 | €8,247 | €14,720 | +€6,473 | +78.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €350,870 | €114,915 | -€235,956 | -67.2% |
| Operating profit (loss) | 9901 | €329,798 | €60,878 | -€268,920 | -81.5% |
| Financial income | 75/76B | €4,549 | €3,228 | -€1,321 | -29.0% |
| Recurring financial income | 75 | €4,549 | €3,228 | -€1,321 | -29.0% |
| Financial charges | 65/66B | €50,645 | €1,632 | -€49,013 | -96.8% |
| Recurring financial charges | 65 | €50,645 | €1,632 | -€49,013 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | €283,703 | €62,474 | -€221,229 | -78.0% |
| Income taxes | 67/77 | €66,137 | €15,912 | -€50,224 | -75.9% |
| Profit (loss) for the period | 9904 | €217,566 | €46,562 | -€171,004 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €217,566 | €46,562 | -€171,004 | -78.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.