DE BLENDE: 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.
DE BLENDE
Largest movements
- Cash +€122,416
up €122,416 (+75.4%), from €162,265 to €284,681
mainly Depreciation (+€61,375) and Stocks and contracts (+€53,324)
- Stocks and contracts -€53,324
down €53,324 (-19.7%), from €270,104 to €216,780
- Receivables within one year -€41,123
down €41,123 (-19.8%), from €207,381 to €166,258
of which Trade receivables: -€50,125
- Tangible fixed assets +€26,497
up €26,497 (+16.5%), from €160,209 to €186,706
of which Furniture and vehicles: +€51,857
- Trade debts +€21,823
up €21,823 (+11.3%), from €193,305 to €215,128
- Profit (loss) carried forward +€18,765
up €18,765 (+18.8%), from €99,809 to €118,574
- Staff costs -€12,189
down €12,189 (-8.0%), from €152,340 to €140,151
- Depreciation +€8,711
up €8,711 (+16.5%), from €52,664 to €61,375
- Taxes +€4,068
up €4,068 (+34.4%), from €11,836 to €15,903
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 | €836,744 | €886,886 | +€50,141 | +6.0% |
| Fixed assets | 21/28 | €165,760 | €192,461 | +€26,702 | +16.1% |
| Tangible fixed assets | 22/27 | €160,209 | €186,706 | +€26,497 | +16.5% |
| Land and buildings | 22 | €393 | €0 | -€393 | -100.0% |
| Plant, machinery and equipment | 23 | €25,579 | €19,262 | -€6,317 | -24.7% |
| Furniture and vehicles | 24 | €46,552 | €98,410 | +€51,857 | +111.4% |
| Leasing and similar rights | 25 | €87,685 | €69,034 | -€18,651 | -21.3% |
| Financial fixed assets | 28 | €5,550 | €5,755 | +€205 | +3.7% |
| Current assets | 29/58 | €670,985 | €694,425 | +€23,440 | +3.5% |
| Stocks and contracts in progress | 3 | €270,104 | €216,780 | -€53,324 | -19.7% |
| Stocks | 30/36 | €270,104 | €216,780 | -€53,324 | -19.7% |
| Amounts receivable within one year | 40/41 | €207,381 | €166,258 | -€41,123 | -19.8% |
| Trade receivables | 40 | €176,899 | €126,775 | -€50,125 | -28.3% |
| Other amounts receivable | 41 | €30,482 | €39,483 | +€9,001 | +29.5% |
| Cash at bank and in hand | 54/58 | €162,265 | €284,681 | +€122,416 | +75.4% |
| Deferred charges and accrued income | 490/1 | €31,235 | €26,707 | -€4,528 | -14.5% |
| Total equity and liabilities | 10/49 | €836,744 | €886,886 | +€50,141 | +6.0% |
| Equity | 10/15 | €297,803 | €316,568 | +€18,765 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,394 | €179,394 | = | 0.0% |
| Distributable reserves | 133 | €179,394 | €179,394 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,809 | €118,574 | +€18,765 | +18.8% |
| Amounts payable | 17/49 | €538,942 | €570,318 | +€31,377 | +5.8% |
| Amounts payable after more than one year | 17 | €178,978 | €181,532 | +€2,554 | +1.4% |
| Financial debts | 170/4 | €178,978 | €181,532 | +€2,554 | +1.4% |
| Amounts payable within one year | 42/48 | €359,963 | €388,786 | +€28,823 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €30,951 | €33,718 | +€2,768 | +8.9% |
| Financial debts | 43 | €3,644 | €1,622 | -€2,023 | -55.5% |
| Credit institutions | 430/8 | €3,644 | €1,622 | -€2,023 | -55.5% |
| Trade debts | 44 | €193,305 | €215,128 | +€21,823 | +11.3% |
| Suppliers | 440/4 | €193,305 | €215,128 | +€21,823 | +11.3% |
| Taxes, remuneration and social security | 45 | €19,406 | €22,224 | +€2,818 | +14.5% |
| Taxes | 450/3 | €11,800 | €13,835 | +€2,035 | +17.2% |
| Remuneration and social security | 454/9 | €7,606 | €8,389 | +€783 | +10.3% |
| Other amounts payable | 47/48 | €112,658 | €116,095 | +€3,437 | +3.1% |
| Non-recurring operating income | 76A | - | €16,116 | +€16,116 | |
| Remuneration, social security and pensions | 62 | €152,340 | €140,151 | -€12,189 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,664 | €61,375 | +€8,711 | +16.5% |
| Other operating charges | 640/8 | €5,732 | €5,201 | -€531 | -9.3% |
| Gross operating margin | 9900 | €249,164 | €248,864 | -€300 | -0.1% |
| Operating profit (loss) | 9901 | €38,428 | €42,137 | +€3,709 | +9.7% |
| Financial income | 75/76B | €232 | €278 | +€46 | +19.8% |
| Recurring financial income | 75 | €232 | €278 | +€46 | +19.8% |
| Financial charges | 65/66B | €10,189 | €7,747 | -€2,443 | -24.0% |
| Recurring financial charges | 65 | €10,189 | €7,747 | -€2,443 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €28,470 | €34,668 | +€6,198 | +21.8% |
| Income taxes | 67/77 | €11,836 | €15,903 | +€4,068 | +34.4% |
| Profit (loss) for the period | 9904 | €16,635 | €18,765 | +€2,130 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,635 | €18,765 | +€2,130 | +12.8% |
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 4 October 2026 via checked.be.