LE BLANCART: 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.
LE BLANCART
Largest movements
- Receivables within one year -€110,159
down €110,159 (-100%), from €110,159 to €0
- Tangible fixed assets -€34,008
down €34,008 (-1.5%), from €2.2m to €2.2m
- Profit (loss) carried forward -€369,533
down €369,533 (-136%), from -€271,853 to -€641,386
- Trade debts +€145,518
new in 2025: €145,518
- Accrued charges and deferred income +€84,465
up €84,465 (+182,075%), from €46 to €84,511
- Depreciation -€244,539
down €244,539 (-87.8%), from €278,548 to €34,008
- Gross operating margin -€115,146
down €115,146 (-97.0%), from €118,734 to €3,587
- Financial charges +€84,031
up €84,031 (+8,485%), from €990 to €85,021
- Other operating charges +€32,884
up €32,884 (+29.6%), from €111,048 to €143,932
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 | €2,340,194 | €2,202,144 | -€138,050 | -5.9% |
| Fixed assets | 21/28 | €2,228,038 | €2,194,030 | -€34,008 | -1.5% |
| Tangible fixed assets | 22/27 | €2,228,038 | €2,194,030 | -€34,008 | -1.5% |
| Land and buildings | 22 | €2,228,038 | €2,194,030 | -€34,008 | -1.5% |
| Current assets | 29/58 | €112,155 | €8,114 | -€104,042 | -92.8% |
| Amounts receivable within one year | 40/41 | €110,159 | €0 | -€110,159 | -100% |
| Trade receivables | 40 | €110,159 | €0 | -€110,159 | -100% |
| Cash at bank and in hand | 54/58 | €1,996 | €8,114 | +€6,117 | +306% |
| Total equity and liabilities | 10/49 | €2,340,194 | €2,202,144 | -€138,050 | -5.9% |
| Equity | 10/15 | -€270,853 | -€640,386 | -€369,533 | -136% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€271,853 | -€641,386 | -€369,533 | -136% |
| Amounts payable | 17/49 | €2,611,046 | €2,842,529 | +€231,483 | +8.9% |
| Amounts payable after more than one year | 17 | €2,599,000 | €2,599,000 | = | 0.0% |
| Financial debts | 170/4 | €2,599,000 | €2,599,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,000 | €159,018 | +€147,018 | +1,225% |
| Trade debts | 44 | - | €145,518 | +€145,518 | |
| Suppliers | 440/4 | - | €145,518 | +€145,518 | |
| Other amounts payable | 47/48 | €12,000 | €13,500 | +€1,500 | +12.5% |
| Accrued charges and deferred income | 492/3 | €46 | €84,511 | +€84,465 | +182,075% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,548 | €34,008 | -€244,539 | -87.8% |
| Other operating charges | 640/8 | €111,048 | €143,932 | +€32,884 | +29.6% |
| Non-recurring operating charges | 66A | - | €110,159 | +€110,159 | |
| Gross operating margin | 9900 | €118,734 | €3,587 | -€115,146 | -97.0% |
| Operating profit (loss) | 9901 | -€270,862 | -€284,512 | -€13,650 | -5.0% |
| Financial charges | 65/66B | €990 | €85,021 | +€84,031 | +8,485% |
| Recurring financial charges | 65 | €990 | €85,021 | +€84,031 | +8,485% |
| Profit (loss) for the period before taxes | 9903 | -€271,853 | -€369,533 | -€97,681 | -35.9% |
| Profit (loss) for the period | 9904 | -€271,853 | -€369,533 | -€97,681 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€271,853 | -€369,533 | -€97,681 | -35.9% |
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 28 October 2026 via checked.be.