BLEND IT: 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 IT
Largest movements
- Tangible fixed assets +€56,192
up €56,192 (+1188.1%), from €4,730 to €60,921
of which Furniture and vehicles: +€54,581
- Cash -€25,506
down €25,506 (-32.7%), from €77,928 to €52,422
mainly Investment in fixed assets (net) (-€59,946) and Contributions, distributions and other (-€26,460)
- Receivables within one year +€22,129
up €22,129 (+213.2%), from €10,377 to €32,507
of which Trade receivables: +€18,580
- Deferred charges and accrued income +€1,861
up €1,861 (+266.4%), from €699 to €2,560
- Debts after one year +€40,240
new in 2025: €40,240
- Other debts +€19,100
up €19,100 (+716.4%), from €2,666 to €21,766
- Reserves -€9,228
down €9,228 (-12.6%), from €73,143 to €63,915
of which Distributable reserves: -€9,228
- Current portion of long-term debt +€9,197
new in 2025: €9,197
- Tax, wage and social debts -€4,389
down €4,389 (-42.0%), from €10,461 to €6,072
- Gross operating margin -€14,760
down €14,760 (-33.5%), from €44,073 to €29,313
- Taxes -€4,443
down €4,443 (-40.5%), from €10,975 to €6,532
- Depreciation +€1,278
up €1,278 (+51.6%), from €2,476 to €3,754
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 | €94,288 | €148,965 | +€54,676 | +58.0% |
| Fixed assets | 21/28 | €5,285 | €61,476 | +€56,192 | +1063.3% |
| Tangible fixed assets | 22/27 | €4,730 | €60,921 | +€56,192 | +1188.1% |
| Plant, machinery and equipment | 23 | €920 | €2,531 | +€1,610 | +175.0% |
| Furniture and vehicles | 24 | €3,809 | €58,391 | +€54,581 | +1432.8% |
| Financial fixed assets | 28 | €555 | €555 | = | 0.0% |
| Current assets | 29/58 | €89,004 | €87,489 | -€1,515 | -1.7% |
| Amounts receivable within one year | 40/41 | €10,377 | €32,507 | +€22,129 | +213.2% |
| Trade receivables | 40 | €10,218 | €28,798 | +€18,580 | +181.8% |
| Other amounts receivable | 41 | €159 | €3,709 | +€3,550 | +2234.4% |
| Cash at bank and in hand | 54/58 | €77,928 | €52,422 | -€25,506 | -32.7% |
| Deferred charges and accrued income | 490/1 | €699 | €2,560 | +€1,861 | +266.4% |
| Total equity and liabilities | 10/49 | €94,288 | €148,965 | +€54,676 | +58.0% |
| Equity | 10/15 | €79,343 | €70,115 | -€9,228 | -11.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,143 | €63,915 | -€9,228 | -12.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €71,288 | €62,060 | -€9,228 | -12.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,945 | €78,850 | +€63,905 | +427.6% |
| Amounts payable after more than one year | 17 | - | €40,240 | +€40,240 | |
| Financial debts | 170/4 | - | €40,240 | +€40,240 | |
| Amounts payable within one year | 42/48 | €14,945 | €38,200 | +€23,254 | +155.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,197 | +€9,197 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,818 | €1,164 | -€654 | -36.0% |
| Suppliers | 440/4 | €1,818 | €1,164 | -€654 | -36.0% |
| Taxes, remuneration and social security | 45 | €10,461 | €6,072 | -€4,389 | -42.0% |
| Taxes | 450/3 | €10,461 | €6,072 | -€4,389 | -42.0% |
| Other amounts payable | 47/48 | €2,666 | €21,766 | +€19,100 | +716.4% |
| Accrued charges and deferred income | 492/3 | - | €411 | +€411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,476 | €3,754 | +€1,278 | +51.6% |
| Other operating charges | 640/8 | €808 | €760 | -€49 | -6.0% |
| Gross operating margin | 9900 | €44,073 | €29,313 | -€14,760 | -33.5% |
| Operating profit (loss) | 9901 | €40,789 | €24,799 | -€15,989 | -39.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,269 | €1,036 | -€233 | -18.4% |
| Recurring financial charges | 65 | €1,269 | €1,036 | -€233 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €39,520 | €23,764 | -€15,756 | -39.9% |
| Income taxes | 67/77 | €10,975 | €6,532 | -€4,443 | -40.5% |
| Profit (loss) for the period | 9904 | €28,545 | €17,232 | -€11,313 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,545 | €17,232 | -€11,313 | -39.6% |
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 3 October 2026 via checked.be.