BLANCO BLAD: 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.
BLANCO BLAD
Largest movements
- Cash -€81,116
down €81,116 (-12.7%), from €637,111 to €555,995
mainly Contributions, distributions and other (-€189,474) and Tax, wage and social debts (-€39,993)
- Receivables within one year -€29,642
down €29,642 (-54.2%), from €54,642 to €25,000
- Tangible fixed assets +€14,808
up €14,808 (+14.9%), from €99,651 to €114,459
of which Plant, machinery and equipment: +€9,310
- Reserves -€63,754
down €63,754 (-9.7%), from €655,850 to €592,096
- Tax, wage and social debts -€39,993
down €39,993 (-39.9%), from €100,287 to €60,294
- Other debts +€8,067
up €8,067 (+46.4%), from €17,391 to €25,458
- Gross operating margin -€104,062
down €104,062 (-34.0%), from €306,117 to €202,055
- Taxes -€37,314
down €37,314 (-37.5%), from €99,533 to €62,219
- Depreciation +€5,309
up €5,309 (+75.6%), from €7,022 to €12,331
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 | €793,404 | €697,454 | -€95,950 | -12.1% |
| Fixed assets | 21/28 | €101,651 | €116,459 | +€14,808 | +14.6% |
| Tangible fixed assets | 22/27 | €99,651 | €114,459 | +€14,808 | +14.9% |
| Land and buildings | 22 | €27,875 | €27,239 | -€636 | -2.3% |
| Plant, machinery and equipment | 23 | €4,764 | €14,074 | +€9,310 | +195.4% |
| Furniture and vehicles | 24 | €31,267 | €35,041 | +€3,774 | +12.1% |
| Other tangible fixed assets | 26 | €35,745 | €38,105 | +€2,360 | +6.6% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €691,753 | €580,995 | -€110,758 | -16.0% |
| Amounts receivable within one year | 40/41 | €54,642 | €25,000 | -€29,642 | -54.2% |
| Trade receivables | 40 | €54,642 | €25,000 | -€29,642 | -54.2% |
| Cash at bank and in hand | 54/58 | €637,111 | €555,995 | -€81,116 | -12.7% |
| Total equity and liabilities | 10/49 | €793,404 | €697,454 | -€95,950 | -12.1% |
| Equity | 10/15 | €672,664 | €608,910 | -€63,754 | -9.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €655,850 | €592,096 | -€63,754 | -9.7% |
| Distributable reserves | 133 | €655,850 | €592,096 | -€63,754 | -9.7% |
| Profit (loss) carried forward | 14 | €4,414 | €4,414 | = | 0.0% |
| Amounts payable | 17/49 | €120,740 | €88,544 | -€32,196 | -26.7% |
| Amounts payable within one year | 42/48 | €117,678 | €88,544 | -€29,134 | -24.8% |
| Trade debts | 44 | - | €2,792 | +€2,792 | |
| Suppliers | 440/4 | - | €2,792 | +€2,792 | |
| Taxes, remuneration and social security | 45 | €100,287 | €60,294 | -€39,993 | -39.9% |
| Taxes | 450/3 | €100,287 | €60,294 | -€39,993 | -39.9% |
| Other amounts payable | 47/48 | €17,391 | €25,458 | +€8,067 | +46.4% |
| Accrued charges and deferred income | 492/3 | €3,062 | - | -€3,062 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,022 | €12,331 | +€5,309 | +75.6% |
| Other operating charges | 640/8 | €4,660 | €1,812 | -€2,848 | -61.1% |
| Gross operating margin | 9900 | €306,117 | €202,055 | -€104,062 | -34.0% |
| Operating profit (loss) | 9901 | €294,435 | €187,912 | -€106,523 | -36.2% |
| Financial income | 75/76B | - | €1,105 | +€1,105 | |
| Recurring financial income | 75 | - | €1,105 | +€1,105 | |
| Financial charges | 65/66B | €1,953 | €1,078 | -€875 | -44.8% |
| Recurring financial charges | 65 | €1,953 | €1,078 | -€875 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €292,482 | €187,939 | -€104,543 | -35.7% |
| Income taxes | 67/77 | €99,533 | €62,219 | -€37,314 | -37.5% |
| Profit (loss) for the period | 9904 | €192,949 | €125,720 | -€67,229 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €192,949 | €125,720 | -€67,229 | -34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.