BLINDS PROTECT: 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.
BLINDS PROTECT
Largest movements
- Receivables within one year -€31,223
down €31,223 (-46.0%), from €67,863 to €36,641
of which Trade receivables: -€28,267
- Cash -€25,793
down €25,793 (-99.6%), from €25,908 to €115
mainly Trade debts (-€54,320) and Contributions, distributions and other (-€25,000)
- Tangible fixed assets +€4,014
up €4,014 (+42.8%), from €9,381 to €13,394
- Trade debts -€54,320
down €54,320 (-77.0%), from €70,551 to €16,231
- Tax, wage and social debts -€6,149
down €6,149 (-26.6%), from €23,097 to €16,947
- Profit (loss) carried forward +€3,940
up €3,940 (+273%), from €1,444 to €5,384
- Current portion of long-term debt +€3,527
new in 2025: €3,527
- Taxes -€3,055
down €3,055 (-33.0%), from €9,251 to €6,196
- Other operating charges +€2,518
up €2,518 (+354%), from €710 to €3,228
- Financial charges +€2,271
up €2,271 (+203%), from €1,121 to €3,392
- Gross operating margin +€1,486
up €1,486 (+3.5%), from €42,803 to €44,288
- Depreciation +€798
up €798 (+25.9%), from €3,082 to €3,880
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 | €103,152 | €50,150 | -€53,001 | -51.4% |
| Fixed assets | 21/28 | €9,381 | €13,394 | +€4,014 | +42.8% |
| Tangible fixed assets | 22/27 | €9,381 | €13,394 | +€4,014 | +42.8% |
| Furniture and vehicles | 24 | €9,381 | €13,394 | +€4,014 | +42.8% |
| Current assets | 29/58 | €93,771 | €36,756 | -€57,015 | -60.8% |
| Amounts receivable within one year | 40/41 | €67,863 | €36,641 | -€31,223 | -46.0% |
| Trade receivables | 40 | €38,055 | €9,788 | -€28,267 | -74.3% |
| Other amounts receivable | 41 | €29,808 | €26,853 | -€2,955 | -9.9% |
| Cash at bank and in hand | 54/58 | €25,908 | €115 | -€25,793 | -99.6% |
| Total equity and liabilities | 10/49 | €103,152 | €50,150 | -€53,001 | -51.4% |
| Equity | 10/15 | €9,504 | €13,444 | +€3,940 | +41.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,444 | €5,384 | +€3,940 | +273% |
| Amounts payable | 17/49 | €93,648 | €36,706 | -€56,942 | -60.8% |
| Amounts payable within one year | 42/48 | €93,648 | €36,706 | -€56,942 | -60.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,527 | +€3,527 | |
| Trade debts | 44 | €70,551 | €16,231 | -€54,320 | -77.0% |
| Suppliers | 440/4 | €70,551 | €16,231 | -€54,320 | -77.0% |
| Taxes, remuneration and social security | 45 | €23,097 | €16,947 | -€6,149 | -26.6% |
| Taxes | 450/3 | €23,097 | €16,947 | -€6,149 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,082 | €3,880 | +€798 | +25.9% |
| Other operating charges | 640/8 | €710 | €3,228 | +€2,518 | +354% |
| Gross operating margin | 9900 | €42,803 | €44,288 | +€1,486 | +3.5% |
| Operating profit (loss) | 9901 | €39,010 | €37,180 | -€1,830 | -4.7% |
| Financial income | 75/76B | €1,713 | €1,349 | -€363 | -21.2% |
| Recurring financial income | 75 | €1,713 | €1,349 | -€363 | -21.2% |
| Financial charges | 65/66B | €1,121 | €3,392 | +€2,271 | +203% |
| Recurring financial charges | 65 | €1,121 | €3,392 | +€2,271 | +203% |
| Profit (loss) for the period before taxes | 9903 | €39,602 | €35,137 | -€4,465 | -11.3% |
| Income taxes | 67/77 | €9,251 | €6,196 | -€3,055 | -33.0% |
| Profit (loss) for the period | 9904 | €30,351 | €28,940 | -€1,410 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,351 | €28,940 | -€1,410 | -4.6% |
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 20 October 2026 via checked.be.