BLANPAIN DISTRIBUTION: 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.
BLANPAIN DISTRIBUTION
Largest movements
- Cash +€377,071
up €377,071 (+448%), from €84,083 to €461,154
mainly Current investments (+€350,000) and Depreciation (+€37,952)
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Tangible fixed assets -€14,665
down €14,665 (-9.8%), from €149,755 to €135,091
of which Other tangible fixed assets: -€8,300
- Receivables within one year +€7,917
up €7,917 (+75.2%), from €10,528 to €18,445
of which Other amounts receivable: +€7,636
- Tax, wage and social debts +€11,504
up €11,504 (+111%), from €10,385 to €21,890
of which Taxes: +€11,504
- Other debts +€10,020
up €10,020 (+1,838%), from €545 to €10,565
- Financial income -€9,879
down €9,879 (-64.0%), from €15,429 to €5,550
- Taxes -€2,308
down €2,308 (-23.2%), from €9,969 to €7,661
- Depreciation -€1,491
down €1,491 (-3.8%), from €39,443 to €37,952
- Gross operating margin -€1,139
down €1,139 (-1.6%), from €69,485 to €68,346
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 | €617,074 | €634,458 | +€17,384 | +2.8% |
| Fixed assets | 21/28 | €149,793 | €135,128 | -€14,665 | -9.8% |
| Tangible fixed assets | 22/27 | €149,755 | €135,091 | -€14,665 | -9.8% |
| Land and buildings | 22 | €112,191 | €110,764 | -€1,427 | -1.3% |
| Plant, machinery and equipment | 23 | €194 | €97 | -€97 | -50.0% |
| Furniture and vehicles | 24 | €9,706 | €4,865 | -€4,841 | -49.9% |
| Other tangible fixed assets | 26 | €27,665 | €19,366 | -€8,300 | -30.0% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €467,281 | €499,330 | +€32,049 | +6.9% |
| Stocks and contracts in progress | 3 | €22,671 | €19,731 | -€2,940 | -13.0% |
| Stocks | 30/36 | €22,671 | €19,731 | -€2,940 | -13.0% |
| Amounts receivable within one year | 40/41 | €10,528 | €18,445 | +€7,917 | +75.2% |
| Trade receivables | 40 | €8,825 | €9,106 | +€281 | +3.2% |
| Other amounts receivable | 41 | €1,703 | €9,339 | +€7,636 | +448% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €84,083 | €461,154 | +€377,071 | +448% |
| Total equity and liabilities | 10/49 | €617,074 | €634,458 | +€17,384 | +2.8% |
| Equity | 10/15 | €74,038 | €74,038 | = | 0.0% |
| Contributions | 10/11 | €131,000 | €131,000 | = | 0.0% |
| Capital | 10 | €131,000 | €131,000 | = | 0.0% |
| Issued capital | 100 | €131,000 | €131,000 | = | 0.0% |
| Reserves | 13 | €55,496 | €55,496 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,700 | €8,700 | = | 0.0% |
| Legal reserve | 130 | €8,700 | €8,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,027 | €1,027 | = | 0.0% |
| Distributable reserves | 133 | €45,770 | €45,770 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,458 | -€112,458 | = | 0.0% |
| Amounts payable | 17/49 | €543,036 | €560,420 | +€17,384 | +3.2% |
| Amounts payable after more than one year | 17 | €525,000 | €525,000 | = | 0.0% |
| Other amounts payable | 178/9 | €525,000 | €525,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,036 | €35,420 | +€17,384 | +96.4% |
| Trade debts | 44 | €7,105 | €2,966 | -€4,140 | -58.3% |
| Suppliers | 440/4 | €7,105 | €2,966 | -€4,140 | -58.3% |
| Taxes, remuneration and social security | 45 | €10,385 | €21,890 | +€11,504 | +111% |
| Taxes | 450/3 | €9,969 | €21,473 | +€11,504 | +115% |
| Remuneration and social security | 454/9 | €416 | €416 | = | 0.0% |
| Other amounts payable | 47/48 | €545 | €10,565 | +€10,020 | +1,838% |
| Remuneration, social security and pensions | 62 | €111 | - | -€111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,443 | €37,952 | -€1,491 | -3.8% |
| Other operating charges | 640/8 | €8,726 | €9,118 | +€392 | +4.5% |
| Gross operating margin | 9900 | €69,485 | €68,346 | -€1,139 | -1.6% |
| Operating profit (loss) | 9901 | €21,205 | €21,276 | +€71 | +0.3% |
| Financial income | 75/76B | €15,429 | €5,550 | -€9,879 | -64.0% |
| Recurring financial income | 75 | €15,429 | €5,550 | -€9,879 | -64.0% |
| Financial charges | 65/66B | €1,795 | €1,241 | -€554 | -30.9% |
| Recurring financial charges | 65 | €1,795 | €1,241 | -€554 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €34,839 | €25,585 | -€9,254 | -26.6% |
| Income taxes | 67/77 | €9,969 | €7,661 | -€2,308 | -23.2% |
| Profit (loss) for the period | 9904 | €24,870 | €17,924 | -€6,946 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,870 | €17,924 | -€6,946 | -27.9% |
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 29 October 2026 via checked.be.