Blend 108: 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 108
Largest movements
- Tangible fixed assets +€17,469
new in 2025: €17,469
of which Leasing and similar rights: +€15,839
- Cash +€9,217
up €9,217 (+210.9%), from €4,370 to €13,586
mainly Receivables within one year (+€9,036) and Debts after one year (+€7,909)
- Receivables within one year -€9,036
down €9,036 (-32.6%), from €27,712 to €18,676
of which Other amounts receivable: -€9,036
- Debts after one year +€7,909
new in 2025: €7,909
- Reserves +€6,589
up €6,589 (+27.8%), from €23,721 to €30,310
- Current portion of long-term debt +€4,811
new in 2025: €4,811
- Other debts -€1,563
down €1,563 (-100.0%), from €1,563 to €0
- Short-term financial debts +€1,077
new in 2025: €1,077
- Depreciation +€2,232
new in 2025: €2,232
- Gross operating margin +€356
up €356 (+3.2%), from €10,963 to €11,318
- Financial income +€210
new in 2025: €210
- Financial charges +€200
up €200 (+446.4%), from €45 to €245
- Taxes -€167
down €167 (-7.9%), from €2,109 to €1,942
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 | €32,082 | €50,028 | +€17,946 | +55.9% |
| Fixed assets | 21/28 | - | €17,469 | +€17,469 | |
| Tangible fixed assets | 22/27 | - | €17,469 | +€17,469 | |
| Plant, machinery and equipment | 23 | - | €1,630 | +€1,630 | |
| Leasing and similar rights | 25 | - | €15,839 | +€15,839 | |
| Current assets | 29/58 | €32,082 | €32,559 | +€477 | +1.5% |
| Amounts receivable within one year | 40/41 | €27,712 | €18,676 | -€9,036 | -32.6% |
| Trade receivables | 40 | €5,808 | €5,808 | = | 0.0% |
| Other amounts receivable | 41 | €21,904 | €12,868 | -€9,036 | -41.3% |
| Cash at bank and in hand | 54/58 | €4,370 | €13,586 | +€9,217 | +210.9% |
| Deferred charges and accrued income | 490/1 | - | €296 | +€296 | |
| Total equity and liabilities | 10/49 | €32,082 | €50,028 | +€17,946 | +55.9% |
| Equity | 10/15 | €26,721 | €33,310 | +€6,589 | +24.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,721 | €30,310 | +€6,589 | +27.8% |
| Distributable reserves | 133 | €23,721 | €30,310 | +€6,589 | +27.8% |
| Amounts payable | 17/49 | €5,361 | €16,717 | +€11,356 | +211.8% |
| Amounts payable after more than one year | 17 | - | €7,909 | +€7,909 | |
| Financial debts | 170/4 | - | €7,909 | +€7,909 | |
| Amounts payable within one year | 42/48 | €5,361 | €8,809 | +€3,448 | +64.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,811 | +€4,811 | |
| Financial debts | 43 | - | €1,077 | +€1,077 | |
| Credit institutions | 430/8 | - | €1,077 | +€1,077 | |
| Trade debts | 44 | €612 | €155 | -€456 | -74.6% |
| Suppliers | 440/4 | €612 | €155 | -€456 | -74.6% |
| Taxes, remuneration and social security | 45 | €3,186 | €2,765 | -€421 | -13.2% |
| Taxes | 450/3 | €3,186 | €2,765 | -€421 | -13.2% |
| Other amounts payable | 47/48 | €1,563 | €0 | -€1,563 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,232 | +€2,232 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €10,963 | €11,318 | +€356 | +3.2% |
| Operating profit (loss) | 9901 | €10,457 | €8,566 | -€1,891 | -18.1% |
| Financial income | 75/76B | - | €210 | +€210 | |
| Recurring financial income | 75 | - | €210 | +€210 | |
| Financial charges | 65/66B | €45 | €245 | +€200 | +446.4% |
| Recurring financial charges | 65 | €45 | €245 | +€200 | +446.4% |
| Profit (loss) for the period before taxes | 9903 | €10,412 | €8,531 | -€1,881 | -18.1% |
| Income taxes | 67/77 | €2,109 | €1,942 | -€167 | -7.9% |
| Profit (loss) for the period | 9904 | €8,303 | €6,589 | -€1,714 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,303 | €6,589 | -€1,714 | -20.6% |
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 8 October 2026 via checked.be.