BLONDEEL BART: 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.
BLONDEEL BART
Largest movements
- Cash +€12,390
up €12,390 (+26.9%), from €45,988 to €58,378
mainly Depreciation (+€8,410) and Net result for the year (+€5,998)
- Tangible fixed assets -€8,410
down €8,410 (-20.2%), from €41,614 to €33,204
- Receivables within one year -€5,337
down €5,337 (-35.4%), from €15,087 to €9,750
of which Other amounts receivable: -€3,815
- Debts after one year -€6,676
down €6,676 (-23.8%), from €28,034 to €21,358
- Reserves +€5,198
up €5,198 (+6.7%), from €77,847 to €83,045
of which Distributable reserves: +€5,198
- Trade debts +€1,341
up €1,341 (+80.8%), from €1,659 to €3,001
- Depreciation +€7,975
up €7,975 (+1833.2%), from €435 to €8,410
- Taxes -€2,116
down €2,116 (-35.8%), from €5,912 to €3,796
- Gross operating margin -€1,555
down €1,555 (-7.5%), from €20,645 to €19,090
- Financial charges +€943
up €943 (+611.1%), from €154 to €1,097
- Other operating charges +€246
up €246 (+28.8%), from €853 to €1,099
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 | €130,652 | €129,884 | -€768 | -0.6% |
| Fixed assets | 21/28 | €41,639 | €33,229 | -€8,410 | -20.2% |
| Tangible fixed assets | 22/27 | €41,614 | €33,204 | -€8,410 | -20.2% |
| Furniture and vehicles | 24 | €41,614 | €33,204 | -€8,410 | -20.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €89,013 | €96,655 | +€7,642 | +8.6% |
| Stocks and contracts in progress | 3 | €2,119 | €1,870 | -€249 | -11.7% |
| Stocks | 30/36 | €2,119 | €1,870 | -€249 | -11.7% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €15,087 | €9,750 | -€5,337 | -35.4% |
| Trade receivables | 40 | €10,077 | €8,555 | -€1,521 | -15.1% |
| Other amounts receivable | 41 | €5,010 | €1,195 | -€3,815 | -76.1% |
| Current investments | 50/53 | €20,648 | €21,030 | +€382 | +1.8% |
| Cash at bank and in hand | 54/58 | €45,988 | €58,378 | +€12,390 | +26.9% |
| Deferred charges and accrued income | 490/1 | €5,172 | €5,627 | +€455 | +8.8% |
| Total equity and liabilities | 10/49 | €130,652 | €129,884 | -€768 | -0.6% |
| Equity | 10/15 | €90,247 | €95,445 | +€5,198 | +5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €77,847 | €83,045 | +€5,198 | +6.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €77,847 | €83,045 | +€5,198 | +6.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,405 | €34,439 | -€5,966 | -14.8% |
| Amounts payable after more than one year | 17 | €28,034 | €21,358 | -€6,676 | -23.8% |
| Financial debts | 170/4 | €28,034 | €21,358 | -€6,676 | -23.8% |
| Amounts payable within one year | 42/48 | €11,966 | €13,081 | +€1,115 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €6,466 | €6,676 | +€210 | +3.3% |
| Trade debts | 44 | €1,659 | €3,001 | +€1,341 | +80.8% |
| Suppliers | 440/4 | €1,659 | €3,001 | +€1,341 | +80.8% |
| Taxes, remuneration and social security | 45 | €2,562 | €2,562 | = | 0.0% |
| Taxes | 450/3 | €812 | €812 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €1,279 | €842 | -€437 | -34.2% |
| Accrued charges and deferred income | 492/3 | €405 | €0 | -€405 | -100.0% |
| Non-recurring operating income | 76A | €4,977 | €0 | -€4,977 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435 | €8,410 | +€7,975 | +1833.2% |
| Other operating charges | 640/8 | €853 | €1,099 | +€246 | +28.8% |
| Gross operating margin | 9900 | €20,645 | €19,090 | -€1,555 | -7.5% |
| Operating profit (loss) | 9901 | €19,357 | €9,582 | -€9,775 | -50.5% |
| Financial income | 75/76B | €1,414 | €1,310 | -€104 | -7.4% |
| Recurring financial income | 75 | €1,414 | €1,310 | -€104 | -7.4% |
| Financial charges | 65/66B | €154 | €1,097 | +€943 | +611.1% |
| Recurring financial charges | 65 | €154 | €1,097 | +€943 | +611.1% |
| Profit (loss) for the period before taxes | 9903 | €20,617 | €9,795 | -€10,822 | -52.5% |
| Income taxes | 67/77 | €5,912 | €3,796 | -€2,116 | -35.8% |
| Profit (loss) for the period | 9904 | €14,705 | €5,998 | -€8,706 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,705 | €5,998 | -€8,706 | -59.2% |
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 10 October 2026 via checked.be.