Blend Video: 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 Video
Largest movements
- Current investments +€15,561
new in 2025: €15,561
- Cash -€15,325
down €15,325 (-24.7%), from €62,040 to €46,715
mainly Contributions, distributions and other (-€35,000) and Current investments (-€15,561)
- Receivables within one year +€11,160
up €11,160 (+44.1%), from €25,309 to €36,469
of which Trade receivables: +€13,079
- Other debts +€29,750
new in 2025: €29,750
- Reserves -€21,855
down €21,855 (-23.5%), from €93,106 to €71,251
- Tax, wage and social debts +€4,867
up €4,867 (+104.5%), from €4,655 to €9,522
- Gross operating margin -€23,153
down €23,153 (-47.2%), from €49,077 to €25,923
- Taxes -€5,242
down €5,242 (-57.0%), from €9,191 to €3,949
- Depreciation +€1,915
up €1,915 (+43.1%), from €4,441 to €6,356
- Financial charges +€713
up €713 (+91.2%), from €781 to €1,494
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 | €101,356 | €113,523 | +€12,167 | +12.0% |
| Formation expenses | 20 | €589 | €373 | -€217 | -36.8% |
| Fixed assets | 21/28 | €13,417 | €14,406 | +€989 | +7.4% |
| Tangible fixed assets | 22/27 | €13,331 | €14,320 | +€989 | +7.4% |
| Furniture and vehicles | 24 | €13,331 | €14,320 | +€989 | +7.4% |
| Financial fixed assets | 28 | €86 | €86 | = | 0.0% |
| Current assets | 29/58 | €87,349 | €98,744 | +€11,395 | +13.0% |
| Amounts receivable within one year | 40/41 | €25,309 | €36,469 | +€11,160 | +44.1% |
| Trade receivables | 40 | €18,150 | €31,229 | +€13,079 | +72.1% |
| Other amounts receivable | 41 | €7,159 | €5,240 | -€1,919 | -26.8% |
| Current investments | 50/53 | - | €15,561 | +€15,561 | |
| Cash at bank and in hand | 54/58 | €62,040 | €46,715 | -€15,325 | -24.7% |
| Total equity and liabilities | 10/49 | €101,356 | €113,523 | +€12,167 | +12.0% |
| Equity | 10/15 | €96,106 | €74,251 | -€21,855 | -22.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €93,106 | €71,251 | -€21,855 | -23.5% |
| Distributable reserves | 133 | €93,106 | €71,251 | -€21,855 | -23.5% |
| Amounts payable | 17/49 | €5,250 | €39,272 | +€34,022 | +648.0% |
| Amounts payable within one year | 42/48 | €5,250 | €39,272 | +€34,022 | +648.0% |
| Trade debts | 44 | €595 | - | -€595 | |
| Suppliers | 440/4 | €595 | - | -€595 | |
| Taxes, remuneration and social security | 45 | €4,655 | €9,522 | +€4,867 | +104.5% |
| Taxes | 450/3 | €4,655 | €9,522 | +€4,867 | +104.5% |
| Other amounts payable | 47/48 | - | €29,750 | +€29,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,441 | €6,356 | +€1,915 | +43.1% |
| Other operating charges | 640/8 | €920 | €1,200 | +€280 | +30.4% |
| Gross operating margin | 9900 | €49,077 | €25,923 | -€23,153 | -47.2% |
| Operating profit (loss) | 9901 | €43,716 | €18,368 | -€25,348 | -58.0% |
| Financial income | 75/76B | - | €219 | +€219 | |
| Recurring financial income | 75 | - | €219 | +€219 | |
| Financial charges | 65/66B | €781 | €1,494 | +€713 | +91.2% |
| Recurring financial charges | 65 | €781 | €1,494 | +€713 | +91.2% |
| Profit (loss) for the period before taxes | 9903 | €42,935 | €17,094 | -€25,841 | -60.2% |
| Income taxes | 67/77 | €9,191 | €3,949 | -€5,242 | -57.0% |
| Profit (loss) for the period | 9904 | €33,744 | €13,145 | -€20,599 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,744 | €13,145 | -€20,599 | -61.0% |
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 5 October 2026 via checked.be.