De Blinker: what changed
You see two financial years side by side: 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%), 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 (+6,892%), 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
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it 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% |
| Trade receivables | 40 | €4,695 | €13,927 | +€9,232 | +197% |
| 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 | +6,892% |
| Suppliers | 440/4 | €134 | €9,403 | +€9,268 | +6,892% |
| 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 | +441% |
| Recurring financial charges | 65 | €25 | €135 | +€110 | +441% |
| 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. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.