Blend2Grow: what changed
Two financial 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.
Blend2Grow
Largest movements
- Intangible fixed assets -€75,078
down €75,078 (-97.4%), from €77,078 to €2,000
- Stocks and contracts -€63,805
down €63,805 (-88.9%), from €71,805 to €8,000
- Cash -€24,341
down €24,341 (-44.7%), from €54,457 to €30,116
mainly Trade debts (-€85,749) and Net result for the year (-€81,891)
- Receivables within one year -€4,397
down €4,397 (-16.5%), from €26,673 to €22,276
of which Trade receivables: -€4,316
- Trade debts -€85,749
down €85,749 (-98.9%), from €86,673 to €924
- Profit (loss) carried forward -€81,891
down €81,891 (-16.0%), from -€511,617 to -€593,507
- Purchases and services -€210,128
down €210,128 (-81.0%), from €259,440 to €49,313
- Turnover -€170,911
down €170,911 (-65.7%), from €260,336 to €89,425
- Depreciation +€44,360
up €44,360 (+144%), from €30,718 to €75,078
- Write-downs +€43,863
up €43,863 (+2,146%), from €2,044 to €45,908
- Gross operating margin +€39,120
up €39,120 (+3,596%), from €1,088 to €40,208
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.
Derived cash bridge
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 | €230,014 | €62,393 | -€167,621 | -72.9% |
| Fixed assets | 21/28 | €77,078 | €2,000 | -€75,078 | -97.4% |
| Intangible fixed assets | 21 | €77,078 | €2,000 | -€75,078 | -97.4% |
| Current assets | 29/58 | €152,936 | €60,393 | -€92,543 | -60.5% |
| Stocks and contracts in progress | 3 | €71,805 | €8,000 | -€63,805 | -88.9% |
| Stocks | 30/36 | €71,805 | €8,000 | -€63,805 | -88.9% |
| Amounts receivable within one year | 40/41 | €26,673 | €22,276 | -€4,397 | -16.5% |
| Trade receivables | 40 | €26,592 | €22,276 | -€4,316 | -16.2% |
| Other amounts receivable | 41 | €81 | - | -€81 | |
| Cash at bank and in hand | 54/58 | €54,457 | €30,116 | -€24,341 | -44.7% |
| Total equity and liabilities | 10/49 | €230,014 | €62,393 | -€167,621 | -72.9% |
| Equity | 10/15 | -€496,617 | -€578,507 | -€81,891 | -16.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€511,617 | -€593,507 | -€81,891 | -16.0% |
| Provisions and deferred taxes | 16 | €11 | €11 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €11 | €11 | = | 0.0% |
| Pensions and similar obligations | 160 | €11 | €11 | = | 0.0% |
| Amounts payable | 17/49 | €726,619 | €640,889 | -€85,730 | -11.8% |
| Amounts payable after more than one year | 17 | €632,610 | €632,610 | = | 0.0% |
| Financial debts | 170/4 | €632,610 | €632,610 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,010 | €8,279 | -€85,730 | -91.2% |
| Trade debts | 44 | €86,673 | €924 | -€85,749 | -98.9% |
| Suppliers | 440/4 | €86,673 | €924 | -€85,749 | -98.9% |
| Taxes, remuneration and social security | 45 | €7,336 | €7,355 | +€19 | +0.3% |
| Taxes | 450/3 | €7,336 | €7,355 | +€19 | +0.3% |
| Turnover | 70 | €260,336 | €89,425 | -€170,911 | -65.7% |
| Non-recurring operating income | 76A | €192 | - | -€192 | |
| Goods, raw materials, services and sundry goods | 60/61 | €259,440 | €49,313 | -€210,128 | -81.0% |
| Remuneration, social security and pensions | 62 | €38,680 | - | -€38,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,718 | €75,078 | +€44,360 | +144% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,044 | €45,908 | +€43,863 | +2,146% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11 | - | -€11 | |
| Other operating charges | 640/8 | €939 | €858 | -€81 | -8.6% |
| Gross operating margin | 9900 | €1,088 | €40,208 | +€39,120 | +3,596% |
| Operating profit (loss) | 9901 | -€71,305 | -€81,635 | -€10,330 | -14.5% |
| Financial income | 75/76B | €0 | €21 | +€21 | +208,000% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +208,000% |
| Financial charges | 65/66B | €4,705 | €276 | -€4,429 | -94.1% |
| Recurring financial charges | 65 | €4,705 | €276 | -€4,429 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | -€76,010 | -€81,891 | -€5,881 | -7.7% |
| Profit (loss) for the period | 9904 | -€76,010 | -€81,891 | -€5,881 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,010 | -€81,891 | -€5,881 | -7.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.