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
- Tangible fixed assets -€6,599
down €6,599 (-13.6%), from €48,694 to €42,095
of which Other tangible fixed assets: -€3,518
- Current investments -€4,896
down €4,896 (-32.5%), from €15,079 to €10,183
- Stocks and contracts +€2,437
up €2,437 (+19.2%), from €12,673 to €15,110
- Debts after one year -€9,774
down €9,774 (-14.3%), from €68,448 to €58,675
of which Financial debts: -€8,774
- Profit (loss) carried forward +€4,408
up €4,408 (+47.1%), from -€9,355 to -€4,946
- Other debts -€3,019
down €3,019 (-29.7%), from €10,166 to €7,147
- Gross operating margin -€18,562
down €18,562 (-43.0%), from €43,174 to €24,612
- Staff costs -€8,869
down €8,869 (-91.4%), from €9,703 to €835
- Taxes +€1,929
up €1,929 (+211.4%), from €912 to €2,842
- Depreciation +€852
up €852 (+12.5%), from €6,797 to €7,649
- Other operating charges -€804
down €804 (-13.3%), from €6,042 to €5,238
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 | €122,237 | €112,902 | -€9,336 | -7.6% |
| Fixed assets | 21/28 | €52,979 | €46,380 | -€6,599 | -12.5% |
| Tangible fixed assets | 22/27 | €48,694 | €42,095 | -€6,599 | -13.6% |
| Plant, machinery and equipment | 23 | €16,810 | €14,408 | -€2,402 | -14.3% |
| Furniture and vehicles | 24 | €7,801 | €7,122 | -€680 | -8.7% |
| Other tangible fixed assets | 26 | €24,083 | €20,565 | -€3,518 | -14.6% |
| Financial fixed assets | 28 | €4,285 | €4,285 | = | 0.0% |
| Current assets | 29/58 | €69,258 | €66,522 | -€2,736 | -4.0% |
| Stocks and contracts in progress | 3 | €12,673 | €15,110 | +€2,437 | +19.2% |
| Stocks | 30/36 | €12,673 | €15,110 | +€2,437 | +19.2% |
| Amounts receivable within one year | 40/41 | €1,143 | €523 | -€620 | -54.2% |
| Other amounts receivable | 41 | €1,143 | €523 | -€620 | -54.2% |
| Current investments | 50/53 | €15,079 | €10,183 | -€4,896 | -32.5% |
| Cash at bank and in hand | 54/58 | €39,787 | €39,737 | -€49 | -0.1% |
| Deferred charges and accrued income | 490/1 | €576 | €968 | +€392 | +68.0% |
| Total equity and liabilities | 10/49 | €122,237 | €112,902 | -€9,336 | -7.6% |
| Equity | 10/15 | -€3,355 | €1,054 | +€4,408 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,355 | -€4,946 | +€4,408 | +47.1% |
| Amounts payable | 17/49 | €125,592 | €111,848 | -€13,744 | -10.9% |
| Amounts payable after more than one year | 17 | €68,448 | €58,675 | -€9,774 | -14.3% |
| Financial debts | 170/4 | €67,198 | €58,424 | -€8,774 | -13.1% |
| Other amounts payable | 178/9 | €1,250 | €250 | -€1,000 | -80.0% |
| Amounts payable within one year | 42/48 | €55,231 | €50,523 | -€4,708 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €9,635 | €9,774 | +€138 | +1.4% |
| Trade debts | 44 | €25,042 | €24,134 | -€908 | -3.6% |
| Suppliers | 440/4 | €25,042 | €24,134 | -€908 | -3.6% |
| Taxes, remuneration and social security | 45 | €10,388 | €9,469 | -€919 | -8.8% |
| Taxes | 450/3 | €10,388 | €9,469 | -€919 | -8.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,166 | €7,147 | -€3,019 | -29.7% |
| Accrued charges and deferred income | 492/3 | €1,913 | €2,650 | +€738 | +38.6% |
| Remuneration, social security and pensions | 62 | €9,703 | €835 | -€8,869 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,797 | €7,649 | +€852 | +12.5% |
| Other operating charges | 640/8 | €6,042 | €5,238 | -€804 | -13.3% |
| Gross operating margin | 9900 | €43,174 | €24,612 | -€18,562 | -43.0% |
| Operating profit (loss) | 9901 | €20,632 | €10,891 | -€9,740 | -47.2% |
| Financial income | 75/76B | €272 | €165 | -€107 | -39.3% |
| Recurring financial income | 75 | €272 | €165 | -€107 | -39.3% |
| Financial charges | 65/66B | €3,752 | €3,807 | +€55 | +1.5% |
| Recurring financial charges | 65 | €3,752 | €3,807 | +€55 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €17,152 | €7,250 | -€9,902 | -57.7% |
| Income taxes | 67/77 | €912 | €2,842 | +€1,929 | +211.4% |
| Profit (loss) for the period | 9904 | €16,240 | €4,408 | -€11,831 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,240 | €4,408 | -€11,831 | -72.9% |
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 7 October 2026 via checked.be.