BLONDUYN: 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.
What changed
BLONDUYN
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€227,403
2024 · €176,378+€51,026
Equity
€1.2m
2024 · €2.0m-€812,712
Cash
€294,471
2024 · €199,687+€94,784
Balance sheet total
€2.3m
2024 · €2.2m+€141,569
Largest movements
Assets
- Cash +€94,784
up €94,784 (+47.5%), from €199,687 to €294,471
mainly Other debts (+€980,116) and Net result for the year (+€227,403)
- Deferred charges and accrued income +€41,568
new in 2025: €41,568
- Stocks and contracts +€26,696
up €26,696 (+3.1%), from €852,449 to €879,144
Equity and liabilities
- Other debts +€980,116
up €980,116 (+1,581%), from €61,982 to €1.0m
- Profit (loss) carried forward -€832,809
down €832,809 (-91.2%), from €912,862 to €80,053
- Trade debts -€23,709
down €23,709 (-48.9%), from €48,506 to €24,796
Income statement
- Gross operating margin +€134,105
up €134,105 (+37.9%), from €353,700 to €487,805
- Financial income -€36,034
down €36,034 (-66.2%), from €54,409 to €18,376
- Taxes +€29,805
up €29,805 (+60.2%), from €49,521 to €79,326
- Staff costs +€11,130
up €11,130 (+8.2%), from €135,351 to €146,481
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.
Result 2024
€176,378
Gross operating margin
+€134,105
Staff costs
-€11,130
Depreciation
-€3,455
Other operating charges
-€455
Financial income
-€36,034
Financial charges
-€2,200
Taxes
-€29,805
Result 2025
€227,403
raises the resultlowers the result
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.
From operations
+€1.1m
Investment
+€2,045
Financing
-€1.0m
Cash 2024
€199,687
From operations (derived)
+€1.1m
Net result for the year
+€227,403
Depreciation
+€17,681
Stocks and contracts
-€26,696
Smaller working-capital items
-€372
Deferred charges and accrued income
-€41,568
Trade debts
-€23,709
Other debts
+€980,116
Investment (derived)
+€2,045
Investment in fixed assets (net)
+€2,045
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€294,471
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,190,372 | €2,331,940 | +€141,569 | +6.5% |
| Fixed assets | 21/28 | €78,151 | €58,425 | -€19,726 | -25.2% |
| Tangible fixed assets | 22/27 | €46,739 | €29,058 | -€17,681 | -37.8% |
| Land and buildings | 22 | €15,847 | €9,447 | -€6,400 | -40.4% |
| Plant, machinery and equipment | 23 | €13,985 | €9,923 | -€4,061 | -29.0% |
| Furniture and vehicles | 24 | €16,908 | €9,688 | -€7,220 | -42.7% |
| Financial fixed assets | 28 | €31,412 | €29,367 | -€2,045 | -6.5% |
| Current assets | 29/58 | €2,112,221 | €2,273,515 | +€161,294 | +7.6% |
| Stocks and contracts in progress | 3 | €852,449 | €879,144 | +€26,696 | +3.1% |
| Stocks | 30/36 | €852,449 | €879,144 | +€26,696 | +3.1% |
| Amounts receivable within one year | 40/41 | €212,512 | €210,758 | -€1,754 | -0.8% |
| Trade receivables | 40 | €92,449 | €79,559 | -€12,890 | -13.9% |
| Other amounts receivable | 41 | €120,063 | €131,199 | +€11,136 | +9.3% |
| Current investments | 50/53 | €847,574 | €847,574 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €199,687 | €294,471 | +€94,784 | +47.5% |
| Deferred charges and accrued income | 490/1 | - | €41,568 | +€41,568 | |
| Total equity and liabilities | 10/49 | €2,190,372 | €2,331,940 | +€141,569 | +6.5% |
| Equity | 10/15 | €2,012,302 | €1,199,590 | -€812,712 | -40.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,037,440 | €1,057,536 | +€20,097 | +1.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €295,350 | €442,700 | +€147,350 | +49.9% |
| Distributable reserves | 133 | €735,890 | €608,637 | -€127,253 | -17.3% |
| Profit (loss) carried forward | 14 | €912,862 | €80,053 | -€832,809 | -91.2% |
| Amounts payable | 17/49 | €178,070 | €1,132,350 | +€954,281 | +536% |
| Amounts payable within one year | 42/48 | €178,070 | €1,132,350 | +€954,281 | +536% |
| Trade debts | 44 | €48,506 | €24,796 | -€23,709 | -48.9% |
| Suppliers | 440/4 | €48,506 | €24,796 | -€23,709 | -48.9% |
| Taxes, remuneration and social security | 45 | €67,582 | €65,456 | -€2,126 | -3.1% |
| Taxes | 450/3 | €44,157 | €41,643 | -€2,515 | -5.7% |
| Remuneration and social security | 454/9 | €23,425 | €23,814 | +€389 | +1.7% |
| Other amounts payable | 47/48 | €61,982 | €1,042,098 | +€980,116 | +1,581% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €135,351 | €146,481 | +€11,130 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,226 | €17,681 | +€3,455 | +24.3% |
| Other operating charges | 640/8 | €19,762 | €20,217 | +€455 | +2.3% |
| Gross operating margin | 9900 | €353,700 | €487,805 | +€134,105 | +37.9% |
| Operating profit (loss) | 9901 | €184,361 | €303,426 | +€119,065 | +64.6% |
| Financial income | 75/76B | €54,409 | €18,376 | -€36,034 | -66.2% |
| Recurring financial income | 75 | €54,409 | €18,376 | -€36,034 | -66.2% |
| Financial charges | 65/66B | €12,872 | €15,072 | +€2,200 | +17.1% |
| Recurring financial charges | 65 | €12,872 | €15,072 | +€2,200 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €225,898 | €306,729 | +€80,831 | +35.8% |
| Income taxes | 67/77 | €49,521 | €79,326 | +€29,805 | +60.2% |
| Profit (loss) for the period | 9904 | €176,378 | €227,403 | +€51,026 | +28.9% |
| Transfer from tax-exempt reserves | 789 | €105,250 | €0 | -€105,250 | -100% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €147,350 | +€42,100 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €176,378 | €80,053 | -€96,324 | -54.6% |
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 24 October 2026 via checked.be.