BLINC: 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.
BLINC
Largest movements
- Cash +€302,815
up €302,815 (+702%), from €43,133 to €345,949
mainly Net result for the year (+€403,862) and Tax, wage and social debts (+€145,941)
- Receivables within one year -€86,516
down €86,516 (-21.7%), from €399,554 to €313,038
- Current investments +€21,000
up €21,000 (+17.5%), from €120,000 to €141,000
- Tangible fixed assets -€14,087
down €14,087 (-87.2%), from €16,156 to €2,069
of which Other tangible fixed assets: -€14,500
- Stocks and contracts +€13,613
up €13,613 (+60.9%), from €22,348 to €35,961
- Profit (loss) carried forward +€403,862
up €403,862, from -€159,494 to €244,369
- Tax, wage and social debts +€145,941
up €145,941 (+367%), from €39,717 to €185,658
of which Taxes: +€143,422
- Trade debts -€125,892
down €125,892 (-67.6%), from €186,354 to €60,462
- Debts after one year -€55,621
no longer reported in 2025 (was €55,621)
- Accrued charges and deferred income -€48,653
down €48,653 (-31.0%), from €157,000 to €108,347
- Turnover +€664,695
up €664,695 (+64.8%), from €1.0m to €1.7m
- Gross operating margin +€355,954
up €355,954 (+104%), from €341,351 to €697,305
- Purchases and services +€286,544
up €286,544 (+40.2%), from €712,345 to €998,889
- Taxes +€137,571
up €137,571 (+227,277%), from €61 to €137,631
- Staff costs +€36,362
up €36,362 (+39.5%), from €92,113 to €128,475
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 | €650,924 | €884,886 | +€233,962 | +35.9% |
| Formation expenses | 20 | €579 | €282 | -€298 | -51.4% |
| Fixed assets | 21/28 | €65,310 | €44,527 | -€20,783 | -31.8% |
| Intangible fixed assets | 21 | €41,652 | €41,768 | +€116 | +0.3% |
| Tangible fixed assets | 22/27 | €16,156 | €2,069 | -€14,087 | -87.2% |
| Furniture and vehicles | 24 | €1,656 | €2,069 | +€413 | +24.9% |
| Other tangible fixed assets | 26 | €14,500 | - | -€14,500 | |
| Financial fixed assets | 28 | €7,503 | €690 | -€6,813 | -90.8% |
| Current assets | 29/58 | €585,035 | €840,077 | +€255,043 | +43.6% |
| Stocks and contracts in progress | 3 | €22,348 | €35,961 | +€13,613 | +60.9% |
| Stocks | 30/36 | €22,348 | €35,961 | +€13,613 | +60.9% |
| Amounts receivable within one year | 40/41 | €399,554 | €313,038 | -€86,516 | -21.7% |
| Trade receivables | 40 | €399,554 | €313,038 | -€86,516 | -21.7% |
| Current investments | 50/53 | €120,000 | €141,000 | +€21,000 | +17.5% |
| Cash at bank and in hand | 54/58 | €43,133 | €345,949 | +€302,815 | +702% |
| Deferred charges and accrued income | 490/1 | - | €4,130 | +€4,130 | |
| Total equity and liabilities | 10/49 | €650,924 | €884,886 | +€233,962 | +35.9% |
| Equity | 10/15 | €115,017 | €478,061 | +€363,043 | +316% |
| Contributions | 10/11 | €205,000 | €205,000 | = | 0.0% |
| Reserves | 13 | €69,511 | €28,692 | -€40,819 | -58.7% |
| Distributable reserves | 133 | €69,511 | €28,692 | -€40,819 | -58.7% |
| Profit (loss) carried forward | 14 | -€159,494 | €244,369 | +€403,862 | |
| Amounts payable | 17/49 | €535,907 | €406,825 | -€129,082 | -24.1% |
| Amounts payable after more than one year | 17 | €55,621 | - | -€55,621 | |
| Financial debts | 170/4 | €55,621 | - | -€55,621 | |
| Amounts payable within one year | 42/48 | €323,286 | €298,477 | -€24,808 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €97,186 | €52,328 | -€44,858 | -46.2% |
| Trade debts | 44 | €186,354 | €60,462 | -€125,892 | -67.6% |
| Suppliers | 440/4 | €186,354 | €60,462 | -€125,892 | -67.6% |
| Taxes, remuneration and social security | 45 | €39,717 | €185,658 | +€145,941 | +367% |
| Taxes | 450/3 | €22,688 | €166,109 | +€143,422 | +632% |
| Remuneration and social security | 454/9 | €17,029 | €19,549 | +€2,520 | +14.8% |
| Other amounts payable | 47/48 | €29 | €29 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €157,000 | €108,347 | -€48,653 | -31.0% |
| Turnover | 70 | €1,026,003 | €1,690,698 | +€664,695 | +64.8% |
| Non-recurring operating income | 76A | €27,693 | €2,414 | -€25,278 | -91.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €712,345 | €998,889 | +€286,544 | +40.2% |
| Remuneration, social security and pensions | 62 | €92,113 | €128,475 | +€36,362 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,091 | €28,457 | -€24,634 | -46.4% |
| Other operating charges | 640/8 | €3,345 | €387 | -€2,958 | -88.4% |
| Gross operating margin | 9900 | €341,351 | €697,305 | +€355,954 | +104% |
| Operating profit (loss) | 9901 | €192,801 | €539,985 | +€347,184 | +180% |
| Financial income | 75/76B | €342 | €2,998 | +€2,656 | +776% |
| Recurring financial income | 75 | €342 | €2,998 | +€2,656 | +776% |
| Financial charges | 65/66B | €3,264 | €1,490 | -€1,774 | -54.4% |
| Recurring financial charges | 65 | €3,264 | €1,490 | -€1,774 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €189,880 | €541,494 | +€351,614 | +185% |
| Income taxes | 67/77 | €61 | €137,631 | +€137,571 | +227,277% |
| Profit (loss) for the period | 9904 | €189,819 | €403,862 | +€214,043 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €189,819 | €403,862 | +€214,043 | +113% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.