BLANCO FOR EUROPE: what changed
BLANCO FOR EUROPE
Largest movements
- Tangible fixed assets +€57,245
up €57,245 (+17,625%), from €325 to €57,570
of which Furniture and vehicles: +€57,355
- Receivables within one year +€3,201
up €3,201 (+115%), from €2,781 to €5,982
of which Other amounts receivable: +€5,376
- Deferred charges and accrued income +€965
up €965 (+9,920%), from €10 to €975
- Debts after one year +€52,300
new in 2025: €52,300
- Current portion of long-term debt +€13,340
new in 2025: €13,340
- Trade debts -€3,114
down €3,114 (-67.1%), from €4,643 to €1,529
- Tax, wage and social debts -€2,459
down €2,459 (-98.4%), from €2,500 to €41
of which Remuneration and social security: -€2,500
- Profit (loss) carried forward +€2,145
up €2,145 (+47.3%), from -€4,535 to -€2,390
- Gross operating margin +€13,961
up €13,961, from -€2,903 to €11,058
- Depreciation +€5,478
up €5,478 (+2,348%), from €233 to €5,712
- Financial charges +€2,105
up €2,105 (+1,255%), from €168 to €2,273
- Other operating charges +€289
up €289 (+48.3%), from €599 to €888
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 | €8,128 | €70,170 | +€62,042 | +763% |
| Fixed assets | 21/28 | €3,325 | €60,570 | +€57,245 | +1,722% |
| Tangible fixed assets | 22/27 | €325 | €57,570 | +€57,245 | +17,625% |
| Plant, machinery and equipment | 23 | €325 | €215 | -€110 | -33.9% |
| Furniture and vehicles | 24 | - | €57,355 | +€57,355 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €4,803 | €9,600 | +€4,797 | +99.9% |
| Amounts receivable within one year | 40/41 | €2,781 | €5,982 | +€3,201 | +115% |
| Trade receivables | 40 | €2,175 | €0 | -€2,175 | -100% |
| Other amounts receivable | 41 | €606 | €5,982 | +€5,376 | +888% |
| Cash at bank and in hand | 54/58 | €2,013 | €2,643 | +€630 | +31.3% |
| Deferred charges and accrued income | 490/1 | €10 | €975 | +€965 | +9,920% |
| Total equity and liabilities | 10/49 | €8,128 | €70,170 | +€62,042 | +763% |
| Equity | 10/15 | -€535 | €1,610 | +€2,145 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,535 | -€2,390 | +€2,145 | +47.3% |
| Amounts payable | 17/49 | €8,663 | €68,560 | +€59,897 | +691% |
| Amounts payable after more than one year | 17 | - | €52,300 | +€52,300 | |
| Financial debts | 170/4 | - | €52,300 | +€52,300 | |
| Amounts payable within one year | 42/48 | €7,313 | €14,910 | +€7,597 | +104% |
| Current portion of amounts payable after more than one year | 42 | - | €13,340 | +€13,340 | |
| Trade debts | 44 | €4,643 | €1,529 | -€3,114 | -67.1% |
| Suppliers | 440/4 | €4,643 | €1,529 | -€3,114 | -67.1% |
| Taxes, remuneration and social security | 45 | €2,500 | €41 | -€2,459 | -98.4% |
| Taxes | 450/3 | - | €41 | +€41 | |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €170 | - | -€170 | |
| Accrued charges and deferred income | 492/3 | €1,350 | €1,350 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | €5,712 | +€5,478 | +2,348% |
| Other operating charges | 640/8 | €599 | €888 | +€289 | +48.3% |
| Gross operating margin | 9900 | -€2,903 | €11,058 | +€13,961 | |
| Operating profit (loss) | 9901 | -€3,735 | €4,459 | +€8,194 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €168 | €2,273 | +€2,105 | +1,255% |
| Recurring financial charges | 65 | €168 | €2,273 | +€2,105 | +1,255% |
| Profit (loss) for the period before taxes | 9903 | -€3,901 | €2,186 | +€6,087 | |
| Income taxes | 67/77 | - | €41 | +€41 | |
| Profit (loss) for the period | 9904 | -€3,901 | €2,145 | +€6,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,901 | €2,145 | +€6,046 |
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 4 November 2026 via checked.be.