Blumed: what changed
Two fiscal 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.
Blumed
Largest movements
- Cash +€67,226
up €67,226 (+47.7%), from €141,033 to €208,259
mainly Net result for the year (+€86,509) and Depreciation (+€7,211)
- Receivables within one year +€3,682
up €3,682 (+27.5%), from €13,373 to €17,055
of which Trade receivables: +€3,332
- Tangible fixed assets +€2,457
up €2,457 (+18.0%), from €13,625 to €16,083
- Reserves +€86,509
up €86,509 (+68.8%), from €125,694 to €212,204
- Other debts -€10,428
no longer reported in 2025 (was €10,428)
- Tax, wage and social debts -€6,053
down €6,053 (-18.7%), from €32,407 to €26,355
- Trade debts +€3,814
up €3,814 (+6750.1%), from €57 to €3,870
- Financial charges +€14,048
up €14,048 (+9688.4%), from €145 to €14,193
- Gross operating margin -€10,110
down €10,110 (-7.0%), from €143,759 to €133,649
- Taxes -€5,877
down €5,877 (-19.2%), from €30,624 to €24,747
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 | €169,586 | €243,429 | +€73,842 | +43.5% |
| Fixed assets | 21/28 | €13,625 | €16,083 | +€2,457 | +18.0% |
| Tangible fixed assets | 22/27 | €13,625 | €16,083 | +€2,457 | +18.0% |
| Furniture and vehicles | 24 | €13,625 | €16,083 | +€2,457 | +18.0% |
| Current assets | 29/58 | €155,961 | €227,346 | +€71,385 | +45.8% |
| Amounts receivable within one year | 40/41 | €13,373 | €17,055 | +€3,682 | +27.5% |
| Trade receivables | 40 | €13,373 | €16,706 | +€3,332 | +24.9% |
| Other amounts receivable | 41 | - | €350 | +€350 | |
| Cash at bank and in hand | 54/58 | €141,033 | €208,259 | +€67,226 | +47.7% |
| Deferred charges and accrued income | 490/1 | €1,555 | €2,031 | +€476 | +30.6% |
| Total equity and liabilities | 10/49 | €169,586 | €243,429 | +€73,842 | +43.5% |
| Equity | 10/15 | €126,694 | €213,204 | +€86,509 | +68.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €125,694 | €212,204 | +€86,509 | +68.8% |
| Distributable reserves | 133 | €125,694 | €212,204 | +€86,509 | +68.8% |
| Amounts payable | 17/49 | €42,892 | €30,225 | -€12,667 | -29.5% |
| Amounts payable within one year | 42/48 | €42,892 | €30,225 | -€12,667 | -29.5% |
| Trade debts | 44 | €57 | €3,870 | +€3,814 | +6750.1% |
| Suppliers | 440/4 | €57 | €3,870 | +€3,814 | +6750.1% |
| Taxes, remuneration and social security | 45 | €32,407 | €26,355 | -€6,053 | -18.7% |
| Taxes | 450/3 | €32,407 | €26,355 | -€6,053 | -18.7% |
| Other amounts payable | 47/48 | €10,428 | - | -€10,428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,062 | €7,211 | +€1,149 | +19.0% |
| Other operating charges | 640/8 | €564 | €988 | +€424 | +75.1% |
| Gross operating margin | 9900 | €143,759 | €133,649 | -€10,110 | -7.0% |
| Operating profit (loss) | 9901 | €137,132 | €125,449 | -€11,683 | -8.5% |
| Financial charges | 65/66B | €145 | €14,193 | +€14,048 | +9688.4% |
| Recurring financial charges | 65 | €145 | €14,193 | +€14,048 | +9688.4% |
| Profit (loss) for the period before taxes | 9903 | €136,987 | €111,256 | -€25,731 | -18.8% |
| Income taxes | 67/77 | €30,624 | €24,747 | -€5,877 | -19.2% |
| Profit (loss) for the period | 9904 | €106,363 | €86,509 | -€19,854 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €106,363 | €86,509 | -€19,854 | -18.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.