La Bourse Blankenberge: 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.
La Bourse Blankenberge
Largest movements
- Cash -€16,685
down €16,685 (-93.0%), from €17,936 to €1,250
mainly Investment in fixed assets (net) (-€26,487) and Debts after one year (-€8,185)
- Tangible fixed assets +€15,124
up €15,124 (+163%), from €9,277 to €24,400
of which Plant, machinery and equipment: +€21,190
- Receivables within one year -€9,471
down €9,471 (-6.4%), from €149,037 to €139,566
- Debts after one year -€8,185
down €8,185 (-23.3%), from €35,106 to €26,921
- Tax, wage and social debts -€5,596
down €5,596 (-15.9%), from €35,168 to €29,572
- Trade debts +€3,988
new in 2025: €3,988
- Turnover +€816,497
new in 2025: €816,497
- Purchases and services +€617,304
new in 2025: €617,304
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 | €186,249 | €175,216 | -€11,033 | -5.9% |
| Fixed assets | 21/28 | €9,277 | €24,400 | +€15,124 | +163% |
| Tangible fixed assets | 22/27 | €9,277 | €24,400 | +€15,124 | +163% |
| Plant, machinery and equipment | 23 | - | €21,190 | +€21,190 | |
| Furniture and vehicles | 24 | €9,277 | €3,211 | -€6,066 | -65.4% |
| Current assets | 29/58 | €176,972 | €150,816 | -€26,156 | -14.8% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €149,037 | €139,566 | -€9,471 | -6.4% |
| Other amounts receivable | 41 | €149,037 | €139,566 | -€9,471 | -6.4% |
| Cash at bank and in hand | 54/58 | €17,936 | €1,250 | -€16,685 | -93.0% |
| Total equity and liabilities | 10/49 | €186,249 | €175,216 | -€11,033 | -5.9% |
| Equity | 10/15 | €106,555 | €106,550 | -€5 | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €92,295 | €92,290 | -€5 | 0.0% |
| Amounts payable | 17/49 | €79,694 | €68,666 | -€11,028 | -13.8% |
| Amounts payable after more than one year | 17 | €35,106 | €26,921 | -€8,185 | -23.3% |
| Financial debts | 170/4 | €35,106 | €26,921 | -€8,185 | -23.3% |
| Amounts payable within one year | 42/48 | €44,588 | €41,746 | -€2,842 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €9,420 | €8,185 | -€1,234 | -13.1% |
| Trade debts | 44 | - | €3,988 | +€3,988 | |
| Suppliers | 440/4 | - | €3,988 | +€3,988 | |
| Taxes, remuneration and social security | 45 | €35,168 | €29,572 | -€5,596 | -15.9% |
| Taxes | 450/3 | €35,168 | €29,572 | -€5,596 | -15.9% |
| Turnover | 70 | - | €816,497 | +€816,497 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €617,304 | +€617,304 | |
| Remuneration, social security and pensions | 62 | €180,151 | €178,254 | -€1,898 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,066 | €11,363 | +€5,297 | +87.3% |
| Other operating charges | 640/8 | €7,151 | €5,716 | -€1,435 | -20.1% |
| Gross operating margin | 9900 | €199,375 | €199,192 | -€182 | -0.1% |
| Operating profit (loss) | 9901 | €6,006 | €3,859 | -€2,147 | -35.7% |
| Financial income | 75/76B | €2,082 | - | -€2,082 | |
| Recurring financial income | 75 | €2,082 | - | -€2,082 | |
| Financial charges | 65/66B | €7,758 | €3,864 | -€3,895 | -50.2% |
| Recurring financial charges | 65 | €7,758 | €3,864 | -€3,895 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €330 | -€5 | -€335 | |
| Profit (loss) for the period | 9904 | €330 | -€5 | -€335 | |
| Profit (loss) for the period to be appropriated | 9905 | €330 | -€5 | -€335 |
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 27 October 2026 via checked.be.