DE BLANDER FRANK: 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.
DE BLANDER FRANK
Largest movements
- Receivables after one year -€46,396
no longer reported in 2025 (was €46,396)
- Cash +€13,434
up €13,434 (+158%), from €8,510 to €21,944
mainly Receivables after one year (+€46,396) and Net result for the year (+€12,383)
- Receivables within one year +€10,145
up €10,145 (+40.6%), from €24,985 to €35,130
of which Other amounts receivable: +€20,171
- Current investments +€7,001
up €7,001 (+141%), from €4,973 to €11,974
- Tangible fixed assets +€2,024
up €2,024 (+203%), from €999 to €3,023
of which Plant, machinery and equipment: +€1,942
- Other debts -€22,474
down €22,474 (-61.9%), from €36,311 to €13,837
- Tax, wage and social debts +€7,116
up €7,116 (+103%), from €6,887 to €14,003
- Gross operating margin +€11,842
up €11,842 (+145%), from €8,176 to €20,018
- Taxes +€4,654
up €4,654 (+253%), from €1,838 to €6,492
- Financial income +€1,242
up €1,242 (+3,105%), from €40 to €1,282
- Depreciation -€477
down €477 (-38.7%), from €1,232 to €755
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 | €119,873 | €105,109 | -€14,764 | -12.3% |
| Fixed assets | 21/28 | €999 | €3,023 | +€2,024 | +203% |
| Tangible fixed assets | 22/27 | €999 | €3,023 | +€2,024 | +203% |
| Plant, machinery and equipment | 23 | €426 | €2,368 | +€1,942 | +456% |
| Furniture and vehicles | 24 | €573 | €655 | +€82 | +14.3% |
| Current assets | 29/58 | €118,874 | €102,086 | -€16,788 | -14.1% |
| Amounts receivable after more than one year | 29 | €46,396 | - | -€46,396 | |
| Other amounts receivable | 291 | €46,396 | - | -€46,396 | |
| Stocks and contracts in progress | 3 | €33,414 | €32,638 | -€776 | -2.3% |
| Stocks | 30/36 | €24,414 | €19,257 | -€5,157 | -21.1% |
| Contracts in progress | 37 | €9,000 | €13,381 | +€4,381 | +48.7% |
| Amounts receivable within one year | 40/41 | €24,985 | €35,130 | +€10,145 | +40.6% |
| Trade receivables | 40 | €23,410 | €13,384 | -€10,026 | -42.8% |
| Other amounts receivable | 41 | €1,575 | €21,746 | +€20,171 | +1,281% |
| Current investments | 50/53 | €4,973 | €11,974 | +€7,001 | +141% |
| Cash at bank and in hand | 54/58 | €8,510 | €21,944 | +€13,434 | +158% |
| Deferred charges and accrued income | 490/1 | €596 | €400 | -€196 | -32.9% |
| Total equity and liabilities | 10/49 | €119,873 | €105,109 | -€14,764 | -12.3% |
| Equity | 10/15 | €67,031 | €67,295 | +€264 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,500 | €61,095 | +€595 | +1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €58,640 | €59,235 | +€595 | +1.0% |
| Profit (loss) carried forward | 14 | €331 | - | -€331 | |
| Amounts payable | 17/49 | €52,842 | €37,814 | -€15,028 | -28.4% |
| Amounts payable within one year | 42/48 | €52,842 | €37,814 | -€15,028 | -28.4% |
| Trade debts | 44 | €9,644 | €9,974 | +€330 | +3.4% |
| Suppliers | 440/4 | €9,644 | €9,974 | +€330 | +3.4% |
| Taxes, remuneration and social security | 45 | €6,887 | €14,003 | +€7,116 | +103% |
| Taxes | 450/3 | €6,887 | €14,003 | +€7,116 | +103% |
| Other amounts payable | 47/48 | €36,311 | €13,837 | -€22,474 | -61.9% |
| Non-recurring operating income | 76A | €5,319 | - | -€5,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,232 | €755 | -€477 | -38.7% |
| Other operating charges | 640/8 | €1,010 | €1,062 | +€52 | +5.1% |
| Gross operating margin | 9900 | €8,176 | €20,018 | +€11,842 | +145% |
| Operating profit (loss) | 9901 | €5,934 | €18,201 | +€12,267 | +207% |
| Financial income | 75/76B | €40 | €1,282 | +€1,242 | +3,105% |
| Recurring financial income | 75 | €40 | €1,282 | +€1,242 | +3,105% |
| Financial charges | 65/66B | €770 | €608 | -€162 | -21.0% |
| Recurring financial charges | 65 | €770 | €608 | -€162 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €5,204 | €18,875 | +€13,671 | +263% |
| Income taxes | 67/77 | €1,838 | €6,492 | +€4,654 | +253% |
| Profit (loss) for the period | 9904 | €3,366 | €12,383 | +€9,017 | +268% |
| Profit (loss) for the period to be appropriated | 9905 | €3,366 | €12,383 | +€9,017 | +268% |
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 18 October 2026 via checked.be.