BLANOR: 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.
BLANOR
Largest movements
- Tangible fixed assets +€104,506
up €104,506 (+88.3%), from €118,387 to €222,893
- Cash +€35,185
up €35,185 (+187.2%), from €18,796 to €53,981
mainly Debts after one year (+€143,111) and Trade debts (+€18,090)
- Intangible fixed assets -€5,197
down €5,197 (-11.1%), from €46,776 to €41,578
- Debts after one year +€143,111
up €143,111 (+173.1%), from €82,654 to €225,764
of which Other amounts payable: +€149,754
- Profit (loss) carried forward -€24,738
down €24,738 (-24.8%), from -€99,563 to -€124,300
- Trade debts +€18,090
up €18,090 (+22938.9%), from €79 to €18,168
- Gross operating margin -€11,627
down €11,627 (-97.5%), from €11,931 to €304
- Depreciation -€5,345
down €5,345 (-33.8%), from €15,821 to €10,476
- Other operating charges +€1,945
up €1,945 (+16.3%), from €11,958 to €13,903
- Financial charges +€662
new in 2025: €662
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 | €183,959 | €318,452 | +€134,494 | +73.1% |
| Fixed assets | 21/28 | €165,163 | €264,471 | +€99,309 | +60.1% |
| Intangible fixed assets | 21 | €46,776 | €41,578 | -€5,197 | -11.1% |
| Tangible fixed assets | 22/27 | €118,387 | €222,893 | +€104,506 | +88.3% |
| Land and buildings | 22 | €118,387 | €222,893 | +€104,506 | +88.3% |
| Current assets | 29/58 | €18,796 | €53,981 | +€35,185 | +187.2% |
| Cash at bank and in hand | 54/58 | €18,796 | €53,981 | +€35,185 | +187.2% |
| Total equity and liabilities | 10/49 | €183,959 | €318,452 | +€134,494 | +73.1% |
| Equity | 10/15 | €92,578 | €67,840 | -€24,738 | -26.7% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Capital | 10 | €190,000 | - | -€190,000 | |
| Issued capital | 100 | €190,000 | - | -€190,000 | |
| Reserves | 13 | €2,141 | €2,141 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,141 | - | -€2,141 | |
| Legal reserve | 130 | €2,141 | - | -€2,141 | |
| Distributable reserves | 133 | - | €2,141 | +€2,141 | |
| Profit (loss) carried forward | 14 | -€99,563 | -€124,300 | -€24,738 | -24.8% |
| Amounts payable | 17/49 | €91,380 | €250,612 | +€159,232 | +174.3% |
| Amounts payable after more than one year | 17 | €82,654 | €225,764 | +€143,111 | +173.1% |
| Financial debts | 170/4 | €22,654 | €16,011 | -€6,643 | -29.3% |
| Other amounts payable | 178/9 | €60,000 | €209,754 | +€149,754 | +249.6% |
| Amounts payable within one year | 42/48 | €8,726 | €24,847 | +€16,121 | +184.7% |
| Current portion of amounts payable after more than one year | 42 | €8,612 | €6,643 | -€1,969 | -22.9% |
| Trade debts | 44 | €79 | €18,168 | +€18,090 | +22938.9% |
| Suppliers | 440/4 | €79 | €18,168 | +€18,090 | +22938.9% |
| Other amounts payable | 47/48 | €36 | €36 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,821 | €10,476 | -€5,345 | -33.8% |
| Other operating charges | 640/8 | €11,958 | €13,903 | +€1,945 | +16.3% |
| Gross operating margin | 9900 | €11,931 | €304 | -€11,627 | -97.5% |
| Operating profit (loss) | 9901 | -€15,848 | -€24,076 | -€8,228 | -51.9% |
| Financial charges | 65/66B | - | €662 | +€662 | |
| Recurring financial charges | 65 | - | €662 | +€662 | |
| Profit (loss) for the period before taxes | 9903 | -€15,848 | -€24,738 | -€8,890 | -56.1% |
| Profit (loss) for the period | 9904 | -€15,848 | -€24,738 | -€8,890 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,848 | -€24,738 | -€8,890 | -56.1% |
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 29 September 2026 via checked.be.