BLICKENBERG: 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.
BLICKENBERG
Largest movements
- Tangible fixed assets -€73,811
down €73,811 (-3.4%), from €2.2m to €2.1m
of which Land and buildings: -€66,376
- Debts after one year -€77,996
down €77,996 (-10.4%), from €751,512 to €673,516
- Gross operating margin +€19,543
up €19,543 (+24.5%), from €79,654 to €99,197
- Financial charges -€1,077
down €1,077 (-6.8%), from €15,804 to €14,727
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 | €2,190,308 | €2,118,835 | -€71,473 | -3.3% |
| Fixed assets | 21/28 | €2,162,265 | €2,088,454 | -€73,811 | -3.4% |
| Tangible fixed assets | 22/27 | €2,162,265 | €2,088,454 | -€73,811 | -3.4% |
| Land and buildings | 22 | €2,112,324 | €2,045,948 | -€66,376 | -3.1% |
| Plant, machinery and equipment | 23 | €49,940 | €42,506 | -€7,435 | -14.9% |
| Current assets | 29/58 | €28,043 | €30,380 | +€2,338 | +8.3% |
| Amounts receivable within one year | 40/41 | €387 | - | -€387 | |
| Trade receivables | 40 | €387 | - | -€387 | |
| Cash at bank and in hand | 54/58 | €12,656 | €15,380 | +€2,724 | +21.5% |
| Deferred charges and accrued income | 490/1 | €15,000 | €15,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,190,308 | €2,118,835 | -€71,473 | -3.3% |
| Equity | 10/15 | -€420,432 | -€418,192 | +€2,240 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€439,032 | -€436,792 | +€2,240 | +0.5% |
| Amounts payable | 17/49 | €2,610,739 | €2,537,027 | -€73,713 | -2.8% |
| Amounts payable after more than one year | 17 | €751,512 | €673,516 | -€77,996 | -10.4% |
| Financial debts | 170/4 | €751,512 | €673,516 | -€77,996 | -10.4% |
| Amounts payable within one year | 42/48 | €1,859,227 | €1,863,510 | +€4,283 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €77,172 | €78,455 | +€1,283 | +1.7% |
| Other amounts payable | 47/48 | €1,782,056 | €1,785,056 | +€3,000 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,757 | €75,753 | -€4 | 0.0% |
| Other operating charges | 640/8 | €6,884 | €6,478 | -€406 | -5.9% |
| Gross operating margin | 9900 | €79,654 | €99,197 | +€19,543 | +24.5% |
| Operating profit (loss) | 9901 | -€2,987 | €16,966 | +€19,953 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €15,804 | €14,727 | -€1,077 | -6.8% |
| Recurring financial charges | 65 | €15,804 | €14,727 | -€1,077 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,789 | €2,240 | +€21,029 | |
| Profit (loss) for the period | 9904 | -€18,789 | €2,240 | +€21,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,789 | €2,240 | +€21,029 |
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 12 October 2026 via checked.be.