BLANCKE: 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.
BLANCKE
Largest movements
- Receivables within one year -€106,179
down €106,179 (-35.8%), from €297,002 to €190,823
of which Trade receivables: -€169,225
- Cash -€79,650
down €79,650 (-53.0%), from €150,154 to €70,504
mainly Accrued charges and deferred income (-€252,500) and Debts after one year (-€83,856)
- Receivables after one year +€64,174
up €64,174 (+16.6%), from €386,874 to €451,049
- Tangible fixed assets -€19,752
down €19,752 (-2.2%), from €880,955 to €861,203
of which Other tangible fixed assets: -€29,638
- Accrued charges and deferred income -€252,500
down €252,500 (-100.0%), from €252,500 to €0
- Profit (loss) carried forward +€201,676
up €201,676 (+68.9%), from -€292,519 to -€90,843
- Debts after one year -€83,856
down €83,856 (-6.2%), from €1.4m to €1.3m
- Trade debts +€55,285
up €55,285 (+265.7%), from €20,807 to €76,091
- Other debts -€36,372
down €36,372 (-54.4%), from €66,830 to €30,458
- Gross operating margin -€419,029
down €419,029 (-65.0%), from €644,424 to €225,395
- Financial income +€30,987
up €30,987 (+760.7%), from €4,074 to €35,061
- Financial charges -€24,117
down €24,117 (-84.4%), from €28,588 to €4,471
- Depreciation -€21,774
down €21,774 (-33.3%), from €65,451 to €43,677
- Staff costs -€19,851
down €19,851 (-99.7%), from €19,915 to €64
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 | €1,719,903 | €1,578,663 | -€141,240 | -8.2% |
| Fixed assets | 21/28 | €882,355 | €862,603 | -€19,752 | -2.2% |
| Tangible fixed assets | 22/27 | €880,955 | €861,203 | -€19,752 | -2.2% |
| Land and buildings | 22 | €829,370 | €840,715 | +€11,345 | +1.4% |
| Plant, machinery and equipment | 23 | €1,089 | €0 | -€1,089 | -100.0% |
| Furniture and vehicles | 24 | €792 | €422 | -€370 | -46.7% |
| Other tangible fixed assets | 26 | €49,705 | €20,067 | -€29,638 | -59.6% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €837,548 | €716,060 | -€121,488 | -14.5% |
| Amounts receivable after more than one year | 29 | €386,874 | €451,049 | +€64,174 | +16.6% |
| Other amounts receivable | 291 | €386,874 | €451,049 | +€64,174 | +16.6% |
| Amounts receivable within one year | 40/41 | €297,002 | €190,823 | -€106,179 | -35.8% |
| Trade receivables | 40 | €295,093 | €125,868 | -€169,225 | -57.3% |
| Other amounts receivable | 41 | €1,909 | €64,955 | +€63,046 | +3301.7% |
| Cash at bank and in hand | 54/58 | €150,154 | €70,504 | -€79,650 | -53.0% |
| Deferred charges and accrued income | 490/1 | €3,517 | €3,684 | +€167 | +4.7% |
| Total equity and liabilities | 10/49 | €1,719,903 | €1,578,663 | -€141,240 | -8.2% |
| Equity | 10/15 | -€7,719 | €193,957 | +€201,676 | |
| Contributions | 10/11 | €241,100 | €241,100 | = | 0.0% |
| Capital | 10 | €241,100 | €241,100 | = | 0.0% |
| Issued capital | 100 | €241,100 | €241,100 | = | 0.0% |
| Reserves | 13 | €43,700 | €43,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,519 | -€90,843 | +€201,676 | +68.9% |
| Provisions and deferred taxes | 16 | €26,300 | €0 | -€26,300 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €26,300 | €0 | -€26,300 | -100.0% |
| Other liabilities and charges | 164/5 | €26,300 | €0 | -€26,300 | -100.0% |
| Amounts payable | 17/49 | €1,701,323 | €1,384,706 | -€316,616 | -18.6% |
| Amounts payable after more than one year | 17 | €1,355,943 | €1,272,087 | -€83,856 | -6.2% |
| Other amounts payable | 178/9 | €1,355,943 | €1,272,087 | -€83,856 | -6.2% |
| Amounts payable within one year | 42/48 | €92,880 | €112,619 | +€19,739 | +21.3% |
| Trade debts | 44 | €20,807 | €76,091 | +€55,285 | +265.7% |
| Suppliers | 440/4 | €20,807 | €76,091 | +€55,285 | +265.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,243 | €6,069 | +€826 | +15.8% |
| Taxes | 450/3 | €5,243 | €6,069 | +€826 | +15.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €66,830 | €30,458 | -€36,372 | -54.4% |
| Accrued charges and deferred income | 492/3 | €252,500 | €0 | -€252,500 | -100.0% |
| Non-recurring operating income | 76A | €525,586 | €174,065 | -€351,520 | -66.9% |
| Remuneration, social security and pensions | 62 | €19,915 | €64 | -€19,851 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,451 | €43,677 | -€21,774 | -33.3% |
| Other operating charges | 640/8 | €10,194 | €10,114 | -€80 | -0.8% |
| Gross operating margin | 9900 | €644,424 | €225,395 | -€419,029 | -65.0% |
| Operating profit (loss) | 9901 | €548,864 | €171,541 | -€377,323 | -68.7% |
| Financial income | 75/76B | €4,074 | €35,061 | +€30,987 | +760.7% |
| Recurring financial income | 75 | €4,074 | €35,061 | +€30,987 | +760.7% |
| Financial charges | 65/66B | €28,588 | €4,471 | -€24,117 | -84.4% |
| Recurring financial charges | 65 | €28,588 | €4,471 | -€24,117 | -84.4% |
| Profit (loss) for the period before taxes | 9903 | €524,350 | €202,131 | -€322,218 | -61.5% |
| Income taxes | 67/77 | €562 | €455 | -€107 | -19.0% |
| Profit (loss) for the period | 9904 | €523,788 | €201,676 | -€322,112 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €523,788 | €201,676 | -€322,112 | -61.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.