BLIXEN DEVELOPMENT: 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.
BLIXEN DEVELOPMENT
Largest movements
- Receivables within one year +€26,995
up €26,995 (+280.4%), from €9,627 to €36,622
of which Trade receivables: +€17,593
- Tangible fixed assets -€9,994
down €9,994 (-6.0%), from €167,723 to €157,728
of which Land and buildings: -€8,659
- Other debts +€45,851
up €45,851 (+65.1%), from €70,474 to €116,325
- Short-term financial debts -€23,615
down €23,615 (-55.7%), from €42,429 to €18,814
- Profit (loss) carried forward -€4,637
down €4,637 (-16.8%), from €27,590 to €22,953
- Financial charges +€4,570
up €4,570 (+81.3%), from €5,624 to €10,194
- Gross operating margin +€1,549
up €1,549 (+7.1%), from €21,682 to €23,231
- Financial income +€366
new in 2025: €366
- Depreciation +€319
up €319 (+2.2%), from €14,717 to €15,035
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,789 | €283,694 | +€16,905 | +6.3% |
| Fixed assets | 21/28 | €256,005 | €246,011 | -€9,994 | -3.9% |
| Tangible fixed assets | 22/27 | €167,723 | €157,728 | -€9,994 | -6.0% |
| Land and buildings | 22 | €127,307 | €118,648 | -€8,659 | -6.8% |
| Plant, machinery and equipment | 23 | €16,895 | €19,308 | +€2,414 | +14.3% |
| Furniture and vehicles | 24 | €3,390 | €2,380 | -€1,009 | -29.8% |
| Other tangible fixed assets | 26 | €20,132 | €17,392 | -€2,740 | -13.6% |
| Financial fixed assets | 28 | €88,283 | €88,283 | = | 0.0% |
| Current assets | 29/58 | €10,784 | €37,683 | +€26,899 | +249.4% |
| Amounts receivable within one year | 40/41 | €9,627 | €36,622 | +€26,995 | +280.4% |
| Trade receivables | 40 | €7,627 | €25,220 | +€17,593 | +230.7% |
| Other amounts receivable | 41 | €2,000 | €11,403 | +€9,403 | +470.1% |
| Deferred charges and accrued income | 490/1 | €1,157 | €1,061 | -€96 | -8.3% |
| Total equity and liabilities | 10/49 | €266,789 | €283,694 | +€16,905 | +6.3% |
| Equity | 10/15 | €147,352 | €142,716 | -€4,637 | -3.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €57,790 | €57,790 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,592 | €8,592 | = | 0.0% |
| Distributable reserves | 133 | €43,000 | €43,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,590 | €22,953 | -€4,637 | -16.8% |
| Amounts payable | 17/49 | €119,437 | €140,978 | +€21,541 | +18.0% |
| Amounts payable after more than one year | 17 | €3,359 | €3,359 | = | 0.0% |
| Other amounts payable | 178/9 | €3,359 | €3,359 | = | 0.0% |
| Amounts payable within one year | 42/48 | €115,886 | €137,420 | +€21,534 | +18.6% |
| Financial debts | 43 | €42,429 | €18,814 | -€23,615 | -55.7% |
| Credit institutions | 430/8 | €42,429 | €18,814 | -€23,615 | -55.7% |
| Trade debts | 44 | €2,169 | €1,511 | -€658 | -30.3% |
| Suppliers | 440/4 | €2,169 | €1,511 | -€658 | -30.3% |
| Taxes, remuneration and social security | 45 | €815 | €771 | -€44 | -5.4% |
| Taxes | 450/3 | €815 | €771 | -€44 | -5.4% |
| Other amounts payable | 47/48 | €70,474 | €116,325 | +€45,851 | +65.1% |
| Accrued charges and deferred income | 492/3 | €192 | €200 | +€8 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,717 | €15,035 | +€319 | +2.2% |
| Other operating charges | 640/8 | €2,922 | €3,005 | +€83 | +2.8% |
| Gross operating margin | 9900 | €21,682 | €23,231 | +€1,549 | +7.1% |
| Operating profit (loss) | 9901 | €4,043 | €5,191 | +€1,147 | +28.4% |
| Financial income | 75/76B | - | €366 | +€366 | |
| Recurring financial income | 75 | - | €366 | +€366 | |
| Financial charges | 65/66B | €5,624 | €10,194 | +€4,570 | +81.3% |
| Recurring financial charges | 65 | €5,624 | €10,194 | +€4,570 | +81.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,580 | -€4,637 | -€3,056 | -193.4% |
| Profit (loss) for the period | 9904 | -€1,580 | -€4,637 | -€3,056 | -193.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,580 | -€4,637 | -€3,056 | -193.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.