JOHAN BLANCHAERT: 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.
JOHAN BLANCHAERT
Largest movements
- Current investments +€405,000
up €405,000, from €0 to €405,000
- Cash -€382,768
down €382,768 (-83.5%), from €458,341 to €75,573
mainly Current investments (-€405,000) and Trade debts (-€2,237)
- Receivables after one year -€15,137
down €15,137 (-20.1%), from €75,309 to €60,172
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€16,149
down €16,149 (-44.2%), from €36,536 to €20,387
- Taxes -€6,233
down €6,233 (-70.6%), from €8,829 to €2,595
- Gross operating margin -€4,228
down €4,228 (-70.3%), from -€6,018 to -€10,246
- Financial charges -€269
down €269 (-10.6%), from €2,546 to €2,277
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 | €1,322,360 | €1,326,373 | +€4,013 | +0.3% |
| Fixed assets | 21/28 | €770,433 | €770,433 | = | 0.0% |
| Financial fixed assets | 28 | €770,433 | €770,433 | = | 0.0% |
| Current assets | 29/58 | €551,927 | €555,940 | +€4,013 | +0.7% |
| Amounts receivable after more than one year | 29 | €75,309 | €60,172 | -€15,137 | -20.1% |
| Other amounts receivable | 291 | €75,309 | €60,172 | -€15,137 | -20.1% |
| Amounts receivable within one year | 40/41 | €18,277 | €15,195 | -€3,082 | -16.9% |
| Other amounts receivable | 41 | €18,277 | €15,195 | -€3,082 | -16.9% |
| Current investments | 50/53 | €0 | €405,000 | +€405,000 | |
| Cash at bank and in hand | 54/58 | €458,341 | €75,573 | -€382,768 | -83.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,322,360 | €1,326,373 | +€4,013 | +0.3% |
| Equity | 10/15 | €1,279,295 | €1,283,421 | +€4,126 | +0.3% |
| Contributions | 10/11 | €133,892 | €133,892 | = | 0.0% |
| Contributions outside capital | 11 | €133,892 | €133,892 | = | 0.0% |
| Other | 1109/19 | €133,892 | €133,892 | = | 0.0% |
| Reserves | 13 | €1,144,954 | €1,149,079 | +€4,126 | +0.4% |
| Non-distributable reserves | 130/1 | €13,389 | €13,389 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,389 | €13,389 | = | 0.0% |
| Distributable reserves | 133 | €1,131,565 | €1,135,690 | +€4,126 | +0.4% |
| Profit (loss) carried forward | 14 | €450 | €450 | = | 0.0% |
| Amounts payable | 17/49 | €43,065 | €42,952 | -€113 | -0.3% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,659 | €8,422 | -€2,237 | -21.0% |
| Trade debts | 44 | €3,750 | €1,514 | -€2,237 | -59.6% |
| Suppliers | 440/4 | €3,750 | €1,514 | -€2,237 | -59.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,908 | €6,908 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,406 | €4,530 | +€2,124 | +88.3% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | -€6,018 | -€10,246 | -€4,228 | -70.3% |
| Operating profit (loss) | 9901 | -€7,126 | -€11,389 | -€4,263 | -59.8% |
| Financial income | 75/76B | €36,536 | €20,387 | -€16,149 | -44.2% |
| Recurring financial income | 75 | €36,536 | €20,387 | -€16,149 | -44.2% |
| Financial charges | 65/66B | €2,546 | €2,277 | -€269 | -10.6% |
| Recurring financial charges | 65 | €2,546 | €2,277 | -€269 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €26,863 | €6,721 | -€20,143 | -75.0% |
| Income taxes | 67/77 | €8,829 | €2,595 | -€6,233 | -70.6% |
| Profit (loss) for the period | 9904 | €18,035 | €4,126 | -€13,909 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,035 | €4,126 | -€13,909 | -77.1% |
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 13 October 2026 via checked.be.