BLEND: 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.
BLEND
Largest movements
- Receivables within one year +€22,625
up €22,625 (+77.8%), from €29,083 to €51,709
of which Trade receivables: +€27,379
- Cash -€7,370
down €7,370 (-14.3%), from €51,572 to €44,202
mainly Receivables within one year (-€22,625) and Tax, wage and social debts (-€5,211)
- Tangible fixed assets -€4,135
down €4,135 (-58.8%), from €7,027 to €2,892
of which Furniture and vehicles: -€3,425
- Reserves +€20,837
up €20,837 (+31.8%), from €65,561 to €86,398
- Tax, wage and social debts -€5,211
down €5,211 (-31.9%), from €16,347 to €11,136
- Other debts -€3,834
no longer reported in 2025 (was €3,834)
- Gross operating margin -€1,032
down €1,032 (-2.9%), from €35,353 to €34,321
- Other operating charges -€530
down €530 (-37.0%), from €1,433 to €903
- Depreciation -€528
down €528 (-11.3%), from €4,664 to €4,135
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 | €87,682 | €98,802 | +€11,120 | +12.7% |
| Fixed assets | 21/28 | €7,027 | €2,892 | -€4,135 | -58.8% |
| Tangible fixed assets | 22/27 | €7,027 | €2,892 | -€4,135 | -58.8% |
| Plant, machinery and equipment | 23 | €2,550 | €1,840 | -€711 | -27.9% |
| Furniture and vehicles | 24 | €4,477 | €1,052 | -€3,425 | -76.5% |
| Current assets | 29/58 | €80,655 | €95,910 | +€15,255 | +18.9% |
| Amounts receivable within one year | 40/41 | €29,083 | €51,709 | +€22,625 | +77.8% |
| Trade receivables | 40 | €21,998 | €49,377 | +€27,379 | +124.5% |
| Other amounts receivable | 41 | €7,085 | €2,331 | -€4,754 | -67.1% |
| Cash at bank and in hand | 54/58 | €51,572 | €44,202 | -€7,370 | -14.3% |
| Total equity and liabilities | 10/49 | €87,682 | €98,802 | +€11,120 | +12.7% |
| Equity | 10/15 | €66,561 | €87,398 | +€20,837 | +31.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €65,561 | €86,398 | +€20,837 | +31.8% |
| Distributable reserves | 133 | €65,561 | €86,398 | +€20,837 | +31.8% |
| Amounts payable | 17/49 | €21,121 | €11,404 | -€9,717 | -46.0% |
| Amounts payable within one year | 42/48 | €20,221 | €11,179 | -€9,042 | -44.7% |
| Trade debts | 44 | €40 | €43 | +€3 | +6.7% |
| Suppliers | 440/4 | €40 | €43 | +€3 | +6.7% |
| Taxes, remuneration and social security | 45 | €16,347 | €11,136 | -€5,211 | -31.9% |
| Taxes | 450/3 | €16,347 | €11,136 | -€5,211 | -31.9% |
| Other amounts payable | 47/48 | €3,834 | - | -€3,834 | |
| Accrued charges and deferred income | 492/3 | €900 | €225 | -€675 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,664 | €4,135 | -€528 | -11.3% |
| Other operating charges | 640/8 | €1,433 | €903 | -€530 | -37.0% |
| Gross operating margin | 9900 | €35,353 | €34,321 | -€1,032 | -2.9% |
| Operating profit (loss) | 9901 | €29,256 | €29,283 | +€26 | +0.1% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €220 | €136 | -€85 | -38.4% |
| Recurring financial charges | 65 | €220 | €136 | -€85 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €29,044 | €29,147 | +€103 | +0.4% |
| Income taxes | 67/77 | €8,472 | €8,310 | -€162 | -1.9% |
| Profit (loss) for the period | 9904 | €20,572 | €20,837 | +€265 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,572 | €20,837 | +€265 | +1.3% |
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 6 October 2026 via checked.be.