BLENDWELL: 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.
BLENDWELL
Largest movements
- Cash +€181,301
up €181,301 (+14.6%), from €1.2m to €1.4m
mainly Net result for the year (+€1.1m) and Receivables within one year (+€111,465)
- Receivables within one year -€111,465
down €111,465 (-9.6%), from €1.2m to €1.1m
of which Trade receivables: -€125,835
- Profit (loss) carried forward +€86,379
up €86,379 (+5.4%), from €1.6m to €1.7m
- Gross operating margin -€211,589
down €211,589 (-12.5%), from €1.7m to €1.5m
- Taxes -€46,413
down €46,413 (-57.8%), from €80,273 to €33,860
- Depreciation -€26,147
down €26,147 (-75.3%), from €34,716 to €8,570
- Staff costs +€17,441
up €17,441 (+5.4%), from €325,357 to €342,798
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 | €3,297,949 | €3,392,153 | +€94,204 | +2.9% |
| Fixed assets | 21/28 | €84,477 | €75,907 | -€8,570 | -10.1% |
| Intangible fixed assets | 21 | €2,329 | €1,747 | -€582 | -25.0% |
| Tangible fixed assets | 22/27 | €82,148 | €74,160 | -€7,987 | -9.7% |
| Land and buildings | 22 | €58,541 | €58,409 | -€132 | -0.2% |
| Plant, machinery and equipment | 23 | €23,607 | €15,752 | -€7,855 | -33.3% |
| Current assets | 29/58 | €3,213,472 | €3,316,246 | +€102,774 | +3.2% |
| Stocks and contracts in progress | 3 | €804,097 | €837,035 | +€32,937 | +4.1% |
| Stocks | 30/36 | €804,097 | €837,035 | +€32,937 | +4.1% |
| Amounts receivable within one year | 40/41 | €1,164,064 | €1,052,599 | -€111,465 | -9.6% |
| Trade receivables | 40 | €727,384 | €601,549 | -€125,835 | -17.3% |
| Other amounts receivable | 41 | €436,680 | €451,050 | +€14,371 | +3.3% |
| Cash at bank and in hand | 54/58 | €1,245,311 | €1,426,612 | +€181,301 | +14.6% |
| Total equity and liabilities | 10/49 | €3,297,949 | €3,392,153 | +€94,204 | +2.9% |
| Equity | 10/15 | €2,175,117 | €2,261,497 | +€86,379 | +4.0% |
| Contributions | 10/11 | €297,600 | €297,600 | = | 0.0% |
| Capital | 10 | €297,600 | €297,600 | = | 0.0% |
| Issued capital | 100 | €297,600 | €297,600 | = | 0.0% |
| Reserves | 13 | €253,824 | €253,824 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,760 | €29,760 | = | 0.0% |
| Legal reserve | 130 | €29,760 | €29,760 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,250 | €31,250 | = | 0.0% |
| Distributable reserves | 133 | €192,814 | €192,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,612,893 | €1,699,273 | +€86,379 | +5.4% |
| Investment grants | 15 | €10,800 | €10,800 | = | 0.0% |
| Provisions and deferred taxes | 16 | €5,561 | €5,561 | = | 0.0% |
| Deferred taxes | 168 | €5,561 | €5,561 | = | 0.0% |
| Amounts payable | 17/49 | €1,117,271 | €1,125,095 | +€7,825 | +0.7% |
| Amounts payable within one year | 42/48 | €1,117,271 | €1,125,095 | +€7,825 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €28,715 | €26,902 | -€1,813 | -6.3% |
| Trade debts | 44 | €38,642 | €52,413 | +€13,770 | +35.6% |
| Suppliers | 440/4 | €38,642 | €52,413 | +€13,770 | +35.6% |
| Taxes, remuneration and social security | 45 | €49,913 | €45,781 | -€4,132 | -8.3% |
| Remuneration and social security | 454/9 | €49,913 | €45,781 | -€4,132 | -8.3% |
| Other amounts payable | 47/48 | €1,000,000 | €1,000,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €325,357 | €342,798 | +€17,441 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,716 | €8,570 | -€26,147 | -75.3% |
| Other operating charges | 640/8 | €19,985 | €15,397 | -€4,589 | -23.0% |
| Gross operating margin | 9900 | €1,695,528 | €1,483,939 | -€211,589 | -12.5% |
| Operating profit (loss) | 9901 | €1,315,470 | €1,117,175 | -€198,295 | -15.1% |
| Financial income | 75/76B | €745 | €7,185 | +€6,440 | +864.3% |
| Recurring financial income | 75 | €745 | €7,185 | +€6,440 | +864.3% |
| Financial charges | 65/66B | €5,286 | €4,121 | -€1,165 | -22.0% |
| Recurring financial charges | 65 | €5,286 | €4,121 | -€1,165 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €1,310,928 | €1,120,239 | -€190,689 | -14.5% |
| Transfer from deferred taxes | 780 | €384 | - | -€384 | |
| Income taxes | 67/77 | €80,273 | €33,860 | -€46,413 | -57.8% |
| Profit (loss) for the period | 9904 | €1,231,040 | €1,086,379 | -€144,660 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,231,040 | €1,086,379 | -€144,660 | -11.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.