BLANCO BELGIUM: what changed
BLANCO BELGIUM
Largest movements
- Receivables within one year -€231,086
down €231,086 (-67.8%), from €340,610 to €109,524
of which Trade receivables: -€249,351
- Cash -€199,678
down €199,678 (-16.8%), from €1.2m to €990,537
mainly Trade debts (-€188,923) and Accrued charges and deferred income (-€138,923)
- Tangible fixed assets +€28,260
up €28,260 (+37.7%), from €75,040 to €103,301
of which Furniture and vehicles: +€29,489
- Deferred charges and accrued income -€17,421
down €17,421 (-29.6%), from €58,916 to €41,495
- Trade debts -€188,923
down €188,923 (-30.5%), from €619,025 to €430,102
- Accrued charges and deferred income -€138,923
down €138,923 (-24.5%), from €567,811 to €428,888
- Other debts -€51,502
down €51,502 (-35.5%), from €144,929 to €93,427
- Tax, wage and social debts -€40,506
down €40,506 (-16.6%), from €243,443 to €202,937
of which Taxes: -€44,660
- Provisions +€55,677
up €55,677 (+181%), from €30,814 to €86,491
- Taxes -€20,557
down €20,557 (-24.9%), from €82,676 to €62,119
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 | €1,675,208 | €1,255,354 | -€419,854 | -25.1% |
| Fixed assets | 21/28 | €85,466 | €113,798 | +€28,331 | +33.1% |
| Tangible fixed assets | 22/27 | €75,040 | €103,301 | +€28,260 | +37.7% |
| Plant, machinery and equipment | 23 | €11,976 | €10,748 | -€1,228 | -10.3% |
| Furniture and vehicles | 24 | €63,064 | €92,553 | +€29,489 | +46.8% |
| Financial fixed assets | 28 | €10,426 | €10,497 | +€71 | +0.7% |
| Current assets | 29/58 | €1,589,742 | €1,141,556 | -€448,186 | -28.2% |
| Amounts receivable within one year | 40/41 | €340,610 | €109,524 | -€231,086 | -67.8% |
| Trade receivables | 40 | €322,260 | €72,909 | -€249,351 | -77.4% |
| Other amounts receivable | 41 | €18,350 | €36,615 | +€18,265 | +99.5% |
| Cash at bank and in hand | 54/58 | €1,190,215 | €990,537 | -€199,678 | -16.8% |
| Deferred charges and accrued income | 490/1 | €58,916 | €41,495 | -€17,421 | -29.6% |
| Total equity and liabilities | 10/49 | €1,675,208 | €1,255,354 | -€419,854 | -25.1% |
| Equity | 10/15 | €100,000 | €100,000 | = | 0.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,575,208 | €1,155,354 | -€419,854 | -26.7% |
| Amounts payable within one year | 42/48 | €1,007,397 | €726,466 | -€280,932 | -27.9% |
| Trade debts | 44 | €619,025 | €430,102 | -€188,923 | -30.5% |
| Suppliers | 440/4 | €619,025 | €430,102 | -€188,923 | -30.5% |
| Taxes, remuneration and social security | 45 | €243,443 | €202,937 | -€40,506 | -16.6% |
| Taxes | 450/3 | €94,785 | €50,125 | -€44,660 | -47.1% |
| Remuneration and social security | 454/9 | €148,658 | €152,812 | +€4,154 | +2.8% |
| Other amounts payable | 47/48 | €144,929 | €93,427 | -€51,502 | -35.5% |
| Accrued charges and deferred income | 492/3 | €567,811 | €428,888 | -€138,923 | -24.5% |
| Remuneration, social security and pensions | 62 | €1,364,201 | €1,362,674 | -€1,527 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,003 | €31,663 | +€5,661 | +21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,090 | €2,248 | -€15,842 | -87.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €30,814 | €86,491 | +€55,677 | +181% |
| Other operating charges | 640/8 | €1,740 | €2,283 | +€544 | +31.3% |
| Gross operating margin | 9900 | €1,926,854 | €1,912,561 | -€14,293 | -0.7% |
| Operating profit (loss) | 9901 | €486,005 | €427,201 | -€58,804 | -12.1% |
| Financial income | 75/76B | €19,460 | €4,569 | -€14,891 | -76.5% |
| Recurring financial income | 75 | €19,460 | €4,569 | -€14,891 | -76.5% |
| Financial charges | 65/66B | €277,861 | €276,224 | -€1,637 | -0.6% |
| Recurring financial charges | 65 | €277,861 | €276,224 | -€1,637 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €227,605 | €155,546 | -€72,059 | -31.7% |
| Income taxes | 67/77 | €82,676 | €62,119 | -€20,557 | -24.9% |
| Profit (loss) for the period | 9904 | €144,929 | €93,427 | -€51,502 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €144,929 | €93,427 | -€51,502 | -35.5% |
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 2 November 2026 via checked.be.