BLINK PROD: 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.
BLINK PROD
Largest movements
- Tangible fixed assets -€2.2m
down €2.2m (-76.4%), from €2.8m to €667,175
of which Land and buildings: -€2.1m
- Receivables within one year -€185,978
down €185,978 (-71.2%), from €261,149 to €75,171
of which Trade receivables: -€131,485
- Cash -€164,121
down €164,121 (-54.8%), from €299,348 to €135,227
mainly Debts after one year (-€2.1m) and Other debts (-€213,821)
- Debts after one year -€2.1m
down €2.1m (-87.2%), from €2.4m to €309,068
- Other debts -€213,821
down €213,821 (-80.7%), from €265,000 to €51,179
- Current portion of long-term debt -€111,545
down €111,545 (-57.1%), from €195,275 to €83,730
- Accrued charges and deferred income -€105,314
down €105,314 (-98.1%), from €107,344 to €2,030
- Trade debts +€75,861
up €75,861 (+47.7%), from €159,201 to €235,062
- Gross operating margin -€981,330
down €981,330 (-64.7%), from €1.5m to €535,322
- Financial charges -€336,806
down €336,806 (-74.3%), from €453,457 to €116,651
of which Non-recurring financial charges: -€298,556
- Financial income -€276,354
down €276,354 (-100.0%), from €276,355 to €0
of which Non-recurring financial income: -€276,109
- Other operating charges -€145,585
down €145,585 (-25.0%), from €581,546 to €435,961
- Depreciation -€109,218
down €109,218 (-76.1%), from €143,526 to €34,308
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 | €3,480,252 | €942,678 | -€2.5m | -72.9% |
| Fixed assets | 21/28 | €2,860,905 | €701,653 | -€2.2m | -75.5% |
| Tangible fixed assets | 22/27 | €2,826,428 | €667,175 | -€2.2m | -76.4% |
| Land and buildings | 22 | €2,790,882 | €665,885 | -€2.1m | -76.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €12,966 | €1,290 | -€11,676 | -90.1% |
| Other tangible fixed assets | 26 | €22,579 | €0 | -€22,579 | -100.0% |
| Financial fixed assets | 28 | €34,478 | €34,478 | = | 0.0% |
| Current assets | 29/58 | €619,347 | €241,026 | -€378,321 | -61.1% |
| Amounts receivable after more than one year | 29 | €20,547 | €20,547 | = | 0.0% |
| Other amounts receivable | 291 | €20,547 | €20,547 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €261,149 | €75,171 | -€185,978 | -71.2% |
| Trade receivables | 40 | €166,993 | €35,507 | -€131,485 | -78.7% |
| Other amounts receivable | 41 | €94,156 | €39,664 | -€54,493 | -57.9% |
| Cash at bank and in hand | 54/58 | €299,348 | €135,227 | -€164,121 | -54.8% |
| Deferred charges and accrued income | 490/1 | €38,302 | €10,081 | -€28,222 | -73.7% |
| Total equity and liabilities | 10/49 | €3,480,252 | €942,678 | -€2.5m | -72.9% |
| Equity | 10/15 | €183,855 | €128,751 | -€55,104 | -30.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €499,616 | €499,616 | = | 0.0% |
| Tax-exempt reserves | 132 | €383,656 | €383,656 | = | 0.0% |
| Distributable reserves | 133 | €115,960 | €115,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€321,961 | -€377,065 | -€55,104 | -17.1% |
| Provisions and deferred taxes | 16 | €127,885 | €127,885 | = | 0.0% |
| Deferred taxes | 168 | €127,885 | €127,885 | = | 0.0% |
| Amounts payable | 17/49 | €3,168,511 | €686,042 | -€2.5m | -78.3% |
| Amounts payable after more than one year | 17 | €2,416,273 | €309,068 | -€2.1m | -87.2% |
| Financial debts | 170/4 | €2,416,273 | €309,068 | -€2.1m | -87.2% |
| Amounts payable within one year | 42/48 | €644,894 | €374,943 | -€269,951 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €195,275 | €83,730 | -€111,545 | -57.1% |
| Trade debts | 44 | €159,201 | €235,062 | +€75,861 | +47.7% |
| Suppliers | 440/4 | €159,201 | €235,062 | +€75,861 | +47.7% |
| Taxes, remuneration and social security | 45 | €25,418 | €4,973 | -€20,445 | -80.4% |
| Taxes | 450/3 | €25,418 | €4,973 | -€20,445 | -80.4% |
| Other amounts payable | 47/48 | €265,000 | €51,179 | -€213,821 | -80.7% |
| Accrued charges and deferred income | 492/3 | €107,344 | €2,030 | -€105,314 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,526 | €34,308 | -€109,218 | -76.1% |
| Other operating charges | 640/8 | €581,546 | €435,961 | -€145,585 | -25.0% |
| Gross operating margin | 9900 | €1,516,652 | €535,322 | -€981,330 | -64.7% |
| Operating profit (loss) | 9901 | €791,581 | €65,054 | -€726,527 | -91.8% |
| Financial income | 75/76B | €276,355 | €0 | -€276,354 | -100.0% |
| Recurring financial income | 75 | €245 | €0 | -€245 | -99.9% |
| Non-recurring financial income | 76B | €276,109 | €0 | -€276,109 | -100.0% |
| Financial charges | 65/66B | €453,457 | €116,651 | -€336,806 | -74.3% |
| Recurring financial charges | 65 | €154,901 | €116,651 | -€38,250 | -24.7% |
| Non-recurring financial charges | 66B | €298,556 | €0 | -€298,556 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €614,479 | -€51,597 | -€666,076 | |
| Transfer to deferred taxes | 680 | €127,885 | €0 | -€127,885 | -100.0% |
| Income taxes | 67/77 | €40,385 | €3,507 | -€36,878 | -91.3% |
| Profit (loss) for the period | 9904 | €446,208 | -€55,104 | -€501,313 | |
| Transfer to tax-exempt reserves | 689 | €383,656 | €0 | -€383,656 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,552 | -€55,104 | -€117,656 |
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 9 October 2026 via checked.be.