De Blokkendoos: 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 Blokkendoos
Largest movements
- Receivables within one year -€54,357
down €54,357 (-40.7%), from €133,606 to €79,248
- Current investments -€29,579
down €29,579 (-48.8%), from €60,650 to €31,071
- Tangible fixed assets -€27,331
down €27,331 (-4.3%), from €635,602 to €608,271
of which Land and buildings: -€24,212
- Current portion of long-term debt -€294,756
down €294,756 (-81.5%), from €361,541 to €66,784
- Debts after one year +€114,591
up €114,591 (+120.6%), from €95,004 to €209,595
of which Financial debts: +€114,541
- Profit (loss) carried forward +€46,879
up €46,879 (+157.9%), from €29,694 to €76,573
- Trade debts +€21,143
up €21,143 (+98.3%), from €21,517 to €42,660
- Investment grants -€14,369
down €14,369 (-6.1%), from €234,700 to €220,331
- Staff costs +€36,237
up €36,237 (+5.0%), from €717,828 to €754,066
- Gross operating margin -€18,946
down €18,946 (-2.2%), from €857,328 to €838,382
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 | €864,342 | €746,851 | -€117,491 | -13.6% |
| Fixed assets | 21/28 | €635,602 | €608,271 | -€27,331 | -4.3% |
| Tangible fixed assets | 22/27 | €635,602 | €608,271 | -€27,331 | -4.3% |
| Land and buildings | 22 | €614,019 | €589,807 | -€24,212 | -3.9% |
| Plant, machinery and equipment | 23 | €17,439 | €14,798 | -€2,642 | -15.1% |
| Furniture and vehicles | 24 | €4,145 | €3,667 | -€478 | -11.5% |
| Current assets | 29/58 | €228,739 | €138,579 | -€90,160 | -39.4% |
| Amounts receivable within one year | 40/41 | €133,606 | €79,248 | -€54,357 | -40.7% |
| Trade receivables | 40 | €133,606 | €79,248 | -€54,357 | -40.7% |
| Current investments | 50/53 | €60,650 | €31,071 | -€29,579 | -48.8% |
| Cash at bank and in hand | 54/58 | €33,540 | €27,422 | -€6,118 | -18.2% |
| Deferred charges and accrued income | 490/1 | €943 | €838 | -€106 | -11.2% |
| Total equity and liabilities | 10/49 | €864,342 | €746,851 | -€117,491 | -13.6% |
| Equity | 10/15 | €264,394 | €296,904 | +€32,509 | +12.3% |
| Profit (loss) carried forward | 14 | €29,694 | €76,573 | +€46,879 | +157.9% |
| Investment grants | 15 | €234,700 | €220,331 | -€14,369 | -6.1% |
| Provisions and deferred taxes | 16 | €1,300 | - | -€1,300 | |
| Provisions for liabilities and charges | 160/5 | €1,300 | - | -€1,300 | |
| Major repairs and maintenance | 162 | €1,300 | - | -€1,300 | |
| Amounts payable | 17/49 | €598,647 | €449,947 | -€148,700 | -24.8% |
| Amounts payable after more than one year | 17 | €95,004 | €209,595 | +€114,591 | +120.6% |
| Financial debts | 170/4 | €89,804 | €204,345 | +€114,541 | +127.5% |
| Other amounts payable | 178/9 | €5,200 | €5,250 | +€50 | +1.0% |
| Amounts payable within one year | 42/48 | €498,879 | €233,678 | -€265,201 | -53.2% |
| Current portion of amounts payable after more than one year | 42 | €361,541 | €66,784 | -€294,756 | -81.5% |
| Trade debts | 44 | €21,517 | €42,660 | +€21,143 | +98.3% |
| Suppliers | 440/4 | €21,517 | €42,660 | +€21,143 | +98.3% |
| Taxes, remuneration and social security | 45 | €115,821 | €124,234 | +€8,413 | +7.3% |
| Taxes | 450/3 | €15,023 | €17,024 | +€2,001 | +13.3% |
| Remuneration and social security | 454/9 | €100,799 | €107,210 | +€6,411 | +6.4% |
| Accrued charges and deferred income | 492/3 | €4,764 | €6,674 | +€1,909 | +40.1% |
| Remuneration, social security and pensions | 62 | €717,828 | €754,066 | +€36,237 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,233 | €42,487 | +€2,254 | +5.6% |
| Other operating charges | 640/8 | €4,907 | €1,435 | -€3,472 | -70.7% |
| Gross operating margin | 9900 | €857,328 | €838,382 | -€18,946 | -2.2% |
| Operating profit (loss) | 9901 | €94,359 | €40,393 | -€53,966 | -57.2% |
| Financial income | 75/76B | €15,035 | €14,863 | -€172 | -1.1% |
| Recurring financial income | 75 | €15,035 | €14,863 | -€172 | -1.1% |
| Financial charges | 65/66B | €6,229 | €8,229 | +€2,000 | +32.1% |
| Recurring financial charges | 65 | €6,229 | €8,229 | +€2,000 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €103,165 | €47,027 | -€56,138 | -54.4% |
| Income taxes | 67/77 | €200 | €148 | -€51 | -25.8% |
| Profit (loss) for the period | 9904 | €102,965 | €46,879 | -€56,087 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,965 | €46,879 | -€56,087 | -54.5% |
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 11 October 2026 via checked.be.