De Blinker: 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 Blinker
Largest movements
- Intangible fixed assets -€14,000
down €14,000 (-33.3%), from €42,000 to €28,000
- Receivables within one year +€8,349
up €8,349 (+145.3%), from €5,746 to €14,094
of which Trade receivables: +€9,232
- Tangible fixed assets -€3,334
no longer reported in 2025 (was €3,334)
- Cash -€1,178
down €1,178 (-36.8%), from €3,199 to €2,021
mainly Debts after one year (-€19,200) and Receivables within one year (-€8,349)
- Debts after one year -€19,200
down €19,200 (-80.0%), from €24,000 to €4,800
- Trade debts +€9,268
up €9,268 (+6892.4%), from €134 to €9,403
- Gross operating margin -€10,648
down €10,648 (-36.7%), from €28,982 to €18,334
- Taxes -€2,048
down €2,048 (-98.6%), from €2,077 to €29
- Other operating charges -€325
down €325 (-19.3%), from €1,680 to €1,355
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 | €54,279 | €44,390 | -€9,888 | -18.2% |
| Fixed assets | 21/28 | €45,334 | €28,000 | -€17,334 | -38.2% |
| Intangible fixed assets | 21 | €42,000 | €28,000 | -€14,000 | -33.3% |
| Tangible fixed assets | 22/27 | €3,334 | - | -€3,334 | |
| Plant, machinery and equipment | 23 | €3,334 | - | -€3,334 | |
| Current assets | 29/58 | €8,945 | €16,390 | +€7,446 | +83.2% |
| Amounts receivable within one year | 40/41 | €5,746 | €14,094 | +€8,349 | +145.3% |
| Trade receivables | 40 | €4,695 | €13,927 | +€9,232 | +196.6% |
| Other amounts receivable | 41 | €1,051 | €168 | -€883 | -84.0% |
| Cash at bank and in hand | 54/58 | €3,199 | €2,021 | -€1,178 | -36.8% |
| Deferred charges and accrued income | 490/1 | - | €275 | +€275 | |
| Total equity and liabilities | 10/49 | €54,279 | €44,390 | -€9,888 | -18.2% |
| Equity | 10/15 | €8,867 | €8,419 | -€449 | -5.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,867 | €7,419 | -€449 | -5.7% |
| Amounts payable | 17/49 | €45,411 | €35,971 | -€9,440 | -20.8% |
| Amounts payable after more than one year | 17 | €24,000 | €4,800 | -€19,200 | -80.0% |
| Financial debts | 170/4 | €24,000 | €4,800 | -€19,200 | -80.0% |
| Amounts payable within one year | 42/48 | €21,411 | €31,171 | +€9,760 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €19,200 | €19,200 | = | 0.0% |
| Trade debts | 44 | €134 | €9,403 | +€9,268 | +6892.4% |
| Suppliers | 440/4 | €134 | €9,403 | +€9,268 | +6892.4% |
| Taxes, remuneration and social security | 45 | €2,077 | €2,105 | +€29 | +1.4% |
| Taxes | 450/3 | €2,077 | €2,105 | +€29 | +1.4% |
| Other amounts payable | 47/48 | - | €463 | +€463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,333 | €17,334 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,680 | €1,355 | -€325 | -19.3% |
| Gross operating margin | 9900 | €28,982 | €18,334 | -€10,648 | -36.7% |
| Operating profit (loss) | 9901 | €9,969 | -€355 | -€10,324 | |
| Financial income | 75/76B | - | €71 | +€71 | |
| Recurring financial income | 75 | - | €71 | +€71 | |
| Financial charges | 65/66B | €25 | €135 | +€110 | +440.8% |
| Recurring financial charges | 65 | €25 | €135 | +€110 | +440.8% |
| Profit (loss) for the period before taxes | 9903 | €9,944 | -€420 | -€10,364 | |
| Income taxes | 67/77 | €2,077 | €29 | -€2,048 | -98.6% |
| Profit (loss) for the period | 9904 | €7,867 | -€449 | -€8,316 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,867 | -€449 | -€8,316 |
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.