BlendbyRauw: 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.
BlendbyRauw
Largest movements
- Intangible fixed assets +€225,000
new in 2025: €225,000
- Cash +€83,842
up €83,842 (+158%), from €53,163 to €137,006
mainly Depreciation (+€134,136) and Debts after one year (+€103,419)
- Tangible fixed assets -€71,628
down €71,628 (-12.9%), from €555,157 to €483,529
of which Plant, machinery and equipment: -€69,520
- Receivables within one year -€45,574
down €45,574 (-25.4%), from €179,343 to €133,769
of which Trade receivables: -€94,067
- Stocks and contracts -€18,912
down €18,912 (-12.5%), from €151,152 to €132,240
- Debts after one year +€103,419
up €103,419 (+20.0%), from €515,917 to €619,336
- Profit (loss) carried forward +€49,874
up €49,874, from -€927 to €48,947
- Trade debts +€36,134
up €36,134 (+33.3%), from €108,478 to €144,613
- Tax, wage and social debts -€16,545
down €16,545 (-17.4%), from €94,998 to €78,453
of which Taxes: -€22,026
- Gross operating margin +€41,971
up €41,971 (+6.4%), from €650,949 to €692,920
- Staff costs -€22,264
down €22,264 (-4.3%), from €519,063 to €496,799
- Depreciation +€20,627
up €20,627 (+18.2%), from €113,508 to €134,136
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 | €940,816 | €1,114,695 | +€173,879 | +18.5% |
| Fixed assets | 21/28 | €557,157 | €710,529 | +€153,372 | +27.5% |
| Intangible fixed assets | 21 | - | €225,000 | +€225,000 | |
| Tangible fixed assets | 22/27 | €555,157 | €483,529 | -€71,628 | -12.9% |
| Plant, machinery and equipment | 23 | €552,169 | €482,650 | -€69,520 | -12.6% |
| Furniture and vehicles | 24 | €2,988 | €880 | -€2,109 | -70.6% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €383,659 | €404,166 | +€20,507 | +5.3% |
| Stocks and contracts in progress | 3 | €151,152 | €132,240 | -€18,912 | -12.5% |
| Stocks | 30/36 | €151,152 | €132,240 | -€18,912 | -12.5% |
| Amounts receivable within one year | 40/41 | €179,343 | €133,769 | -€45,574 | -25.4% |
| Trade receivables | 40 | €179,343 | €85,276 | -€94,067 | -52.5% |
| Other amounts receivable | 41 | - | €48,493 | +€48,493 | |
| Cash at bank and in hand | 54/58 | €53,163 | €137,006 | +€83,842 | +158% |
| Deferred charges and accrued income | 490/1 | - | €1,151 | +€1,151 | |
| Total equity and liabilities | 10/49 | €940,816 | €1,114,695 | +€173,879 | +18.5% |
| Equity | 10/15 | €149,073 | €198,947 | +€49,874 | +33.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€927 | €48,947 | +€49,874 | |
| Amounts payable | 17/49 | €791,743 | €915,748 | +€124,005 | +15.7% |
| Amounts payable after more than one year | 17 | €515,917 | €619,336 | +€103,419 | +20.0% |
| Financial debts | 170/4 | €515,917 | €619,336 | +€103,419 | +20.0% |
| Amounts payable within one year | 42/48 | €272,615 | €293,201 | +€20,586 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €64,127 | €70,072 | +€5,945 | +9.3% |
| Trade debts | 44 | €108,478 | €144,613 | +€36,134 | +33.3% |
| Suppliers | 440/4 | €108,478 | €144,613 | +€36,134 | +33.3% |
| Advances received on contracts in progress | 46 | €1,532 | - | -€1,532 | |
| Taxes, remuneration and social security | 45 | €94,998 | €78,453 | -€16,545 | -17.4% |
| Taxes | 450/3 | €42,737 | €20,711 | -€22,026 | -51.5% |
| Remuneration and social security | 454/9 | €52,261 | €57,742 | +€5,481 | +10.5% |
| Other amounts payable | 47/48 | €3,480 | €63 | -€3,417 | -98.2% |
| Accrued charges and deferred income | 492/3 | €3,211 | €3,211 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €519,063 | €496,799 | -€22,264 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,508 | €134,136 | +€20,627 | +18.2% |
| Other operating charges | 640/8 | €1,189 | €1,507 | +€318 | +26.8% |
| Gross operating margin | 9900 | €650,949 | €692,920 | +€41,971 | +6.4% |
| Operating profit (loss) | 9901 | €17,190 | €60,479 | +€43,289 | +252% |
| Financial charges | 65/66B | €11,479 | €10,327 | -€1,152 | -10.0% |
| Recurring financial charges | 65 | €11,479 | €10,327 | -€1,152 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €5,710 | €50,152 | +€44,441 | +778% |
| Income taxes | 67/77 | €218 | €278 | +€60 | +27.3% |
| Profit (loss) for the period | 9904 | €5,492 | €49,874 | +€44,382 | +808% |
| Profit (loss) for the period to be appropriated | 9905 | €5,492 | €49,874 | +€44,382 | +808% |
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 23 October 2026 via checked.be.