BLENTE: 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.
BLENTE
Largest movements
- Tangible fixed assets +€271,161
up €271,161 (+54.5%), from €497,517 to €768,678
of which Plant, machinery and equipment: +€271,960
- Deferred charges and accrued income +€117,660
up €117,660 (+227%), from €51,832 to €169,492
- Cash -€45,684
down €45,684 (-76.8%), from €59,457 to €13,773
mainly Investment in fixed assets (net) (-€447,629) and Deferred charges and accrued income (-€117,660)
- Trade debts +€260,941
up €260,941 (+116%), from €224,935 to €485,876
- Current portion of long-term debt +€65,389
up €65,389 (+66.5%), from €98,322 to €163,711
- Debts after one year +€41,871
up €41,871 (+21.4%), from €195,994 to €237,865
- Tax, wage and social debts -€30,135
down €30,135 (-43.1%), from €69,966 to €39,832
of which Taxes: -€49,638
- Gross operating margin +€84,055
up €84,055 (+30.4%), from €276,705 to €360,759
- Staff costs +€75,011
up €75,011 (+103%), from €72,709 to €147,720
- Depreciation +€55,538
up €55,538 (+45.8%), from €121,269 to €176,807
- Write-downs -€14,575
down €14,575 (-100%), from €14,575 to €0
- Taxes -€8,854
down €8,854 (-62.8%), from €14,108 to €5,254
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 | €733,135 | €1,085,083 | +€351,948 | +48.0% |
| Formation expenses | 20 | €338 | €0 | -€338 | -100% |
| Fixed assets | 21/28 | €497,517 | €768,678 | +€271,161 | +54.5% |
| Tangible fixed assets | 22/27 | €497,517 | €768,678 | +€271,161 | +54.5% |
| Land and buildings | 22 | €1,685 | €1,069 | -€616 | -36.5% |
| Plant, machinery and equipment | 23 | €491,670 | €763,629 | +€271,960 | +55.3% |
| Furniture and vehicles | 24 | €4,162 | €3,979 | -€183 | -4.4% |
| Current assets | 29/58 | €235,280 | €316,405 | +€81,125 | +34.5% |
| Amounts receivable within one year | 40/41 | €123,991 | €133,141 | +€9,150 | +7.4% |
| Trade receivables | 40 | €123,987 | €93,219 | -€30,767 | -24.8% |
| Other amounts receivable | 41 | €4 | €39,921 | +€39,917 | +1,044,955% |
| Cash at bank and in hand | 54/58 | €59,457 | €13,773 | -€45,684 | -76.8% |
| Deferred charges and accrued income | 490/1 | €51,832 | €169,492 | +€117,660 | +227% |
| Total equity and liabilities | 10/49 | €733,135 | €1,085,083 | +€351,948 | +48.0% |
| Equity | 10/15 | €140,475 | €149,380 | +€8,905 | +6.3% |
| Contributions | 10/11 | €26,667 | €26,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,808 | €122,713 | +€8,905 | +7.8% |
| Amounts payable | 17/49 | €592,660 | €935,703 | +€343,043 | +57.9% |
| Amounts payable after more than one year | 17 | €195,994 | €237,865 | +€41,871 | +21.4% |
| Financial debts | 170/4 | €195,994 | €237,865 | +€41,871 | +21.4% |
| Amounts payable within one year | 42/48 | €393,223 | €697,838 | +€304,615 | +77.5% |
| Current portion of amounts payable after more than one year | 42 | €98,322 | €163,711 | +€65,389 | +66.5% |
| Financial debts | 43 | - | €8,420 | +€8,420 | |
| Credit institutions | 430/8 | - | €8,420 | +€8,420 | |
| Trade debts | 44 | €224,935 | €485,876 | +€260,941 | +116% |
| Suppliers | 440/4 | €224,935 | €485,876 | +€260,941 | +116% |
| Taxes, remuneration and social security | 45 | €69,966 | €39,832 | -€30,135 | -43.1% |
| Taxes | 450/3 | €66,237 | €16,600 | -€49,638 | -74.9% |
| Remuneration and social security | 454/9 | €3,729 | €23,232 | +€19,503 | +523% |
| Accrued charges and deferred income | 492/3 | €3,444 | €0 | -€3,444 | -100% |
| Remuneration, social security and pensions | 62 | €72,709 | €147,720 | +€75,011 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,269 | €176,807 | +€55,538 | +45.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,575 | €0 | -€14,575 | -100% |
| Other operating charges | 640/8 | €618 | €641 | +€22 | +3.6% |
| Non-recurring operating charges | 66A | €250 | €0 | -€250 | -100% |
| Gross operating margin | 9900 | €276,705 | €360,759 | +€84,055 | +30.4% |
| Operating profit (loss) | 9901 | €67,283 | €35,592 | -€31,691 | -47.1% |
| Financial income | 75/76B | €26 | €11 | -€15 | -57.7% |
| Recurring financial income | 75 | €26 | €11 | -€15 | -57.7% |
| Financial charges | 65/66B | €15,926 | €21,444 | +€5,518 | +34.6% |
| Recurring financial charges | 65 | €15,926 | €21,444 | +€5,518 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €51,384 | €14,159 | -€37,224 | -72.4% |
| Income taxes | 67/77 | €14,108 | €5,254 | -€8,854 | -62.8% |
| Profit (loss) for the period | 9904 | €37,276 | €8,905 | -€28,371 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,276 | €8,905 | -€28,371 | -76.1% |
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 15 October 2026 via checked.be.