BLANKEN: 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.
BLANKEN
Largest movements
- Current investments -€796,376
down €796,376 (-72.4%), from €1.1m to €303,624
- Tangible fixed assets +€499,423
up €499,423 (+69.8%), from €715,718 to €1.2m
of which Land and buildings: +€427,837
- Stocks and contracts +€281,741
up €281,741 (+56.8%), from €496,177 to €777,919
- Receivables within one year +€162,910
up €162,910 (+80.4%), from €202,738 to €365,648
of which Trade receivables: +€148,634
- Cash +€89,606
up €89,606 (+31.8%), from €281,962 to €371,568
mainly Current investments (+€796,376) and Debts after one year (+€463,480)
- Debts after one year +€463,480
up €463,480 (+112%), from €412,502 to €875,982
- Reserves -€133,840
down €133,840 (-7.8%), from €1.7m to €1.6m
of which Distributable reserves: -€124,147
- Short-term financial debts -€112,743
down €112,743 (-84.8%), from €132,934 to €20,191
- Trade debts +€67,017
up €67,017 (+25.0%), from €267,633 to €334,650
- Other debts -€50,711
down €50,711 (-31.2%), from €162,472 to €111,760
- Gross operating margin -€1.7m
down €1.7m (-80.1%), from €2.2m to €435,244
- Taxes -€584,358
down €584,358 (-99.9%), from €585,102 to €744
- Staff costs +€98,404
up €98,404 (+34.4%), from €286,470 to €384,874
- Financial income -€32,056
down €32,056 (-70.5%), from €45,486 to €13,430
- Depreciation +€23,582
up €23,582 (+31.6%), from €74,550 to €98,132
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.
Derived cash bridge
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 | €2,817,737 | €3,078,678 | +€260,941 | +9.3% |
| Fixed assets | 21/28 | €717,543 | €1,216,966 | +€499,423 | +69.6% |
| Tangible fixed assets | 22/27 | €715,718 | €1,215,141 | +€499,423 | +69.8% |
| Land and buildings | 22 | €470,803 | €898,640 | +€427,837 | +90.9% |
| Plant, machinery and equipment | 23 | €77,539 | €140,598 | +€63,060 | +81.3% |
| Furniture and vehicles | 24 | €4,183 | €46,564 | +€42,380 | +1,013% |
| Leasing and similar rights | 25 | €163,193 | €129,339 | -€33,854 | -20.7% |
| Financial fixed assets | 28 | €1,825 | €1,825 | = | 0.0% |
| Current assets | 29/58 | €2,100,195 | €1,861,713 | -€238,482 | -11.4% |
| Stocks and contracts in progress | 3 | €496,177 | €777,919 | +€281,741 | +56.8% |
| Stocks | 30/36 | €496,177 | €777,919 | +€281,741 | +56.8% |
| Amounts receivable within one year | 40/41 | €202,738 | €365,648 | +€162,910 | +80.4% |
| Trade receivables | 40 | €105,833 | €254,466 | +€148,634 | +140% |
| Other amounts receivable | 41 | €96,905 | €111,182 | +€14,276 | +14.7% |
| Current investments | 50/53 | €1,100,000 | €303,624 | -€796,376 | -72.4% |
| Cash at bank and in hand | 54/58 | €281,962 | €371,568 | +€89,606 | +31.8% |
| Deferred charges and accrued income | 490/1 | €19,318 | €42,955 | +€23,637 | +122% |
| Total equity and liabilities | 10/49 | €2,817,737 | €3,078,678 | +€260,941 | +9.3% |
| Equity | 10/15 | €1,731,950 | €1,598,110 | -€133,840 | -7.7% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €1,707,150 | €1,573,310 | -€133,840 | -7.8% |
| Tax-exempt reserves | 132 | €37,246 | €27,554 | -€9,693 | -26.0% |
| Distributable reserves | 133 | €1,669,904 | €1,545,757 | -€124,147 | -7.4% |
| Provisions and deferred taxes | 16 | €17,424 | €13,353 | -€4,071 | -23.4% |
| Deferred taxes | 168 | €17,424 | €13,353 | -€4,071 | -23.4% |
| Amounts payable | 17/49 | €1,068,363 | €1,467,215 | +€398,852 | +37.3% |
| Amounts payable after more than one year | 17 | €412,502 | €875,982 | +€463,480 | +112% |
| Financial debts | 170/4 | €412,502 | €875,982 | +€463,480 | +112% |
| Amounts payable within one year | 42/48 | €653,438 | €591,234 | -€62,204 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €63,639 | €88,423 | +€24,784 | +38.9% |
| Financial debts | 43 | €132,934 | €20,191 | -€112,743 | -84.8% |
| Credit institutions | 430/8 | €132,934 | €20,191 | -€112,743 | -84.8% |
| Trade debts | 44 | €267,633 | €334,650 | +€67,017 | +25.0% |
| Suppliers | 440/4 | €267,633 | €334,650 | +€67,017 | +25.0% |
| Taxes, remuneration and social security | 45 | €26,761 | €36,210 | +€9,449 | +35.3% |
| Taxes | 450/3 | €6,165 | €858 | -€5,307 | -86.1% |
| Remuneration and social security | 454/9 | €20,596 | €35,352 | +€14,755 | +71.6% |
| Other amounts payable | 47/48 | €162,472 | €111,760 | -€50,711 | -31.2% |
| Accrued charges and deferred income | 492/3 | €2,423 | - | -€2,423 | |
| Non-recurring operating income | 76A | €1,760,649 | €7,371 | -€1.8m | -99.6% |
| Remuneration, social security and pensions | 62 | €286,470 | €384,874 | +€98,404 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,550 | €98,132 | +€23,582 | +31.6% |
| Other operating charges | 640/8 | €5,727 | €3,672 | -€2,055 | -35.9% |
| Gross operating margin | 9900 | €2,184,901 | €435,244 | -€1.7m | -80.1% |
| Operating profit (loss) | 9901 | €1,818,155 | -€51,434 | -€1.9m | |
| Financial income | 75/76B | €45,486 | €13,430 | -€32,056 | -70.5% |
| Recurring financial income | 75 | €45,486 | €13,430 | -€32,056 | -70.5% |
| Financial charges | 65/66B | €33,191 | €40,163 | +€6,972 | +21.0% |
| Recurring financial charges | 65 | €33,191 | €40,163 | +€6,972 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €1,830,449 | -€78,167 | -€1.9m | |
| Transfer from deferred taxes | 780 | €7,234 | €4,071 | -€3,162 | -43.7% |
| Income taxes | 67/77 | €585,102 | €744 | -€584,358 | -99.9% |
| Profit (loss) for the period | 9904 | €1,252,580 | -€74,840 | -€1.3m | |
| Transfer from tax-exempt reserves | 789 | €17,221 | €9,693 | -€7,529 | -43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,269,801 | -€65,147 | -€1.3m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.