BLONDÉ: 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.
BLONDÉ
Largest movements
- Receivables within one year +€317,652
up €317,652 (+30.6%), from €1.0m to €1.4m
of which Trade receivables: +€434,410
- Cash -€71,220
down €71,220 (-23.3%), from €305,747 to €234,526
mainly Receivables within one year (-€317,652) and Contributions, distributions and other (-€100,000)
- Tangible fixed assets -€54,700
down €54,700 (-10.2%), from €535,185 to €480,485
of which Land and buildings: -€38,407
- Deferred charges and accrued income -€22,193
down €22,193 (-100%), from €22,193 to €0
- Profit (loss) carried forward +€118,452
up €118,452 (+51.0%), from €232,181 to €350,633
- Trade debts +€94,890
up €94,890 (+12.7%), from €744,851 to €839,741
- Debts after one year -€42,666
down €42,666 (-7.9%), from €542,666 to €500,000
- Tax, wage and social debts +€37,758
up €37,758 (+23.6%), from €159,794 to €197,551
of which Taxes: +€29,895
- Current portion of long-term debt -€32,000
down €32,000 (-100%), from €32,000 to €0
- Gross operating margin +€110,031
up €110,031 (+7.2%), from €1.5m to €1.6m
- Taxes +€24,858
up €24,858 (+64.3%), from €38,688 to €63,546
- Staff costs +€23,308
up €23,308 (+1.9%), from €1.2m to €1.2m
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 | €1,958,009 | €2,134,442 | +€176,433 | +9.0% |
| Fixed assets | 21/28 | €537,472 | €489,665 | -€47,806 | -8.9% |
| Intangible fixed assets | 21 | - | €6,894 | +€6,894 | |
| Tangible fixed assets | 22/27 | €535,185 | €480,485 | -€54,700 | -10.2% |
| Land and buildings | 22 | €491,162 | €452,755 | -€38,407 | -7.8% |
| Plant, machinery and equipment | 23 | €15,469 | €6,489 | -€8,980 | -58.1% |
| Furniture and vehicles | 24 | €11,487 | €6,206 | -€5,282 | -46.0% |
| Other tangible fixed assets | 26 | €17,068 | €15,036 | -€2,032 | -11.9% |
| Financial fixed assets | 28 | €2,286 | €2,286 | = | 0.0% |
| Current assets | 29/58 | €1,420,537 | €1,644,777 | +€224,240 | +15.8% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,037,598 | €1,355,251 | +€317,652 | +30.6% |
| Trade receivables | 40 | €727,010 | €1,161,419 | +€434,410 | +59.8% |
| Other amounts receivable | 41 | €310,589 | €193,831 | -€116,757 | -37.6% |
| Cash at bank and in hand | 54/58 | €305,747 | €234,526 | -€71,220 | -23.3% |
| Deferred charges and accrued income | 490/1 | €22,193 | €0 | -€22,193 | -100% |
| Total equity and liabilities | 10/49 | €1,958,009 | €2,134,442 | +€176,433 | +9.0% |
| Equity | 10/15 | €378,698 | €497,150 | +€118,452 | +31.3% |
| Contributions | 10/11 | €94,617 | €94,617 | = | 0.0% |
| Capital | 10 | €94,617 | €94,617 | = | 0.0% |
| Issued capital | 100 | €94,617 | €94,617 | = | 0.0% |
| Reserves | 13 | €51,900 | €51,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51,900 | €51,900 | = | 0.0% |
| Legal reserve | 130 | €51,900 | €51,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,181 | €350,633 | +€118,452 | +51.0% |
| Amounts payable | 17/49 | €1,579,311 | €1,637,292 | +€57,981 | +3.7% |
| Amounts payable after more than one year | 17 | €542,666 | €500,000 | -€42,666 | -7.9% |
| Financial debts | 170/4 | €542,666 | €500,000 | -€42,666 | -7.9% |
| Amounts payable within one year | 42/48 | €1,036,645 | €1,137,292 | +€100,647 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €32,000 | €0 | -€32,000 | -100% |
| Trade debts | 44 | €744,851 | €839,741 | +€94,890 | +12.7% |
| Suppliers | 440/4 | €744,851 | €839,741 | +€94,890 | +12.7% |
| Taxes, remuneration and social security | 45 | €159,794 | €197,551 | +€37,758 | +23.6% |
| Taxes | 450/3 | €4,422 | €34,317 | +€29,895 | +676% |
| Remuneration and social security | 454/9 | €155,372 | €163,234 | +€7,863 | +5.1% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,206,204 | €1,229,512 | +€23,308 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,219 | €56,998 | +€779 | +1.4% |
| Other operating charges | 640/8 | €8,183 | €6,557 | -€1,626 | -19.9% |
| Gross operating margin | 9900 | €1,518,503 | €1,628,534 | +€110,031 | +7.2% |
| Operating profit (loss) | 9901 | €247,897 | €335,467 | +€87,570 | +35.3% |
| Financial income | 75/76B | €7,097 | €8,123 | +€1,025 | +14.4% |
| Recurring financial income | 75 | €7,097 | €8,123 | +€1,025 | +14.4% |
| Financial charges | 65/66B | €66,982 | €61,592 | -€5,390 | -8.0% |
| Recurring financial charges | 65 | €66,982 | €61,592 | -€5,390 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €188,013 | €281,998 | +€93,985 | +50.0% |
| Income taxes | 67/77 | €38,688 | €63,546 | +€24,858 | +64.3% |
| Profit (loss) for the period | 9904 | €149,325 | €218,452 | +€69,127 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €149,325 | €218,452 | +€69,127 | +46.3% |
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 22 October 2026 via checked.be.