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
- Cash -€42,529
down €42,529 (-73.7%), from €57,701 to €15,172
mainly Other debts (-€29,325) and Contributions, distributions and other (-€19,478)
- Receivables within one year +€13,005
up €13,005 (+67.3%), from €19,315 to €32,320
of which Trade receivables: +€9,622
- Tangible fixed assets -€4,913
down €4,913 (-14.2%), from €34,559 to €29,646
of which Other tangible fixed assets: -€3,346
- Deferred charges and accrued income +€3,558
up €3,558 (+981.7%), from €362 to €3,920
- Other debts -€29,325
down €29,325 (-50.4%), from €58,165 to €28,840
- Tax, wage and social debts -€4,402
down €4,402 (-35.8%), from €12,288 to €7,886
- Accrued charges and deferred income +€2,149
new in 2025: €2,149
- Gross operating margin -€27,824
down €27,824 (-45.7%), from €60,883 to €33,059
- Taxes -€5,807
down €5,807 (-46.7%), from €12,424 to €6,617
- Other operating charges +€621
up €621 (+82.9%), from €749 to €1,370
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 | €136,937 | €106,058 | -€30,879 | -22.5% |
| Fixed assets | 21/28 | €34,559 | €29,646 | -€4,913 | -14.2% |
| Tangible fixed assets | 22/27 | €34,559 | €29,646 | -€4,913 | -14.2% |
| Plant, machinery and equipment | 23 | €8 | - | -€8 | |
| Furniture and vehicles | 24 | €3,854 | €2,295 | -€1,559 | -40.5% |
| Other tangible fixed assets | 26 | €30,697 | €27,351 | -€3,346 | -10.9% |
| Current assets | 29/58 | €102,378 | €76,413 | -€25,965 | -25.4% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,315 | €32,320 | +€13,005 | +67.3% |
| Trade receivables | 40 | €19,315 | €28,937 | +€9,622 | +49.8% |
| Other amounts receivable | 41 | - | €3,384 | +€3,384 | |
| Cash at bank and in hand | 54/58 | €57,701 | €15,172 | -€42,529 | -73.7% |
| Deferred charges and accrued income | 490/1 | €362 | €3,920 | +€3,558 | +981.7% |
| Total equity and liabilities | 10/49 | €136,937 | €106,058 | -€30,879 | -22.5% |
| Equity | 10/15 | €64,803 | €64,803 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €64,703 | €64,703 | = | 0.0% |
| Distributable reserves | 133 | €64,703 | €64,703 | = | 0.0% |
| Amounts payable | 17/49 | €72,134 | €41,255 | -€30,879 | -42.8% |
| Amounts payable within one year | 42/48 | €72,134 | €39,106 | -€33,028 | -45.8% |
| Trade debts | 44 | €1,680 | €2,380 | +€699 | +41.6% |
| Suppliers | 440/4 | €1,680 | €2,380 | +€699 | +41.6% |
| Taxes, remuneration and social security | 45 | €12,288 | €7,886 | -€4,402 | -35.8% |
| Taxes | 450/3 | €12,288 | €7,886 | -€4,402 | -35.8% |
| Other amounts payable | 47/48 | €58,165 | €28,840 | -€29,325 | -50.4% |
| Accrued charges and deferred income | 492/3 | - | €2,149 | +€2,149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,633 | €4,913 | +€280 | +6.0% |
| Other operating charges | 640/8 | €749 | €1,370 | +€621 | +82.9% |
| Gross operating margin | 9900 | €60,883 | €33,059 | -€27,824 | -45.7% |
| Operating profit (loss) | 9901 | €55,501 | €26,776 | -€28,726 | -51.8% |
| Financial income | 75/76B | €412 | €445 | +€33 | +8.0% |
| Recurring financial income | 75 | €412 | €445 | +€33 | +8.0% |
| Financial charges | 65/66B | €1,483 | €1,126 | -€357 | -24.1% |
| Recurring financial charges | 65 | €1,483 | €1,126 | -€357 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €54,430 | €26,094 | -€28,336 | -52.1% |
| Income taxes | 67/77 | €12,424 | €6,617 | -€5,807 | -46.7% |
| Profit (loss) for the period | 9904 | €42,007 | €19,478 | -€22,529 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,007 | €19,478 | -€22,529 | -53.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.