B.L.T.: what changed
Two fiscal 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.
B.L.T.
Largest movements
- Stocks and contracts +€1.3m
up €1.3m (+157.5%), from €805,818 to €2.1m
- Cash +€174,656
up €174,656 (+2512.4%), from €6,952 to €181,608
mainly Advances received (+€1.1m) and Debts after one year (+€340,483)
- Receivables within one year +€66,380
up €66,380 (+355.8%), from €18,658 to €85,038
of which Trade receivables: +€85,038
- Advances received +€1.1m
new in 2024: €1.1m
- Debts after one year +€340,483
up €340,483 (+54.0%), from €630,000 to €970,483
- Trade debts -€124,726
down €124,726 (-75.5%), from €165,232 to €40,506
- Accrued charges and deferred income +€111,205
up €111,205 (+1102.2%), from €10,089 to €121,294
- Tax, wage and social debts +€86,524
new in 2024: €86,524
- Financial income +€12,569
new in 2024: €12,569
- Gross operating margin -€10,069
new in 2024: -€10,069
- Depreciation -€3,824
down €3,824 (-100.0%), from €3,824 to €0
- Financial charges +€1,036
up €1,036 (+1498.1%), from €69 to €1,105
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €831,428 | €2,341,793 | +€1.5m | +181.7% |
| Current assets | 29/58 | €831,428 | €2,341,793 | +€1.5m | +181.7% |
| Stocks and contracts in progress | 3 | €805,818 | €2,075,146 | +€1.3m | +157.5% |
| Stocks | 30/36 | €805,818 | €2,075,146 | +€1.3m | +157.5% |
| Amounts receivable within one year | 40/41 | €18,658 | €85,038 | +€66,380 | +355.8% |
| Trade receivables | 40 | - | €85,038 | +€85,038 | |
| Other amounts receivable | 41 | €18,658 | €0 | -€18,658 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,952 | €181,608 | +€174,656 | +2512.4% |
| Total equity and liabilities | 10/49 | €831,428 | €2,341,793 | +€1.5m | +181.7% |
| Equity | 10/15 | €26,107 | €27,502 | +€1,395 | +5.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,893 | -€2,498 | +€1,395 | +35.8% |
| Amounts payable | 17/49 | €805,321 | €2,314,291 | +€1.5m | +187.4% |
| Amounts payable after more than one year | 17 | €630,000 | €970,483 | +€340,483 | +54.0% |
| Financial debts | 170/4 | €630,000 | €970,483 | +€340,483 | +54.0% |
| Amounts payable within one year | 42/48 | €165,232 | €1,222,513 | +€1.1m | +639.9% |
| Trade debts | 44 | €165,232 | €40,506 | -€124,726 | -75.5% |
| Suppliers | 440/4 | €165,232 | €40,506 | -€124,726 | -75.5% |
| Advances received on contracts in progress | 46 | - | €1,095,483 | +€1.1m | |
| Taxes, remuneration and social security | 45 | - | €86,524 | +€86,524 | |
| Taxes | 450/3 | - | €86,524 | +€86,524 | |
| Accrued charges and deferred income | 492/3 | €10,089 | €121,294 | +€111,205 | +1102.2% |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,824 | €0 | -€3,824 | -100.0% |
| Gross operating margin | 9900 | - | -€10,069 | -€10,069 | |
| Operating profit (loss) | 9901 | -€3,824 | -€10,069 | -€6,244 | -163.3% |
| Financial income | 75/76B | - | €12,569 | +€12,569 | |
| Recurring financial income | 75 | - | €12,569 | +€12,569 | |
| Financial charges | 65/66B | €69 | €1,105 | +€1,036 | +1498.1% |
| Recurring financial charges | 65 | €69 | €1,105 | +€1,036 | +1498.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,893 | €1,395 | +€5,289 | |
| Profit (loss) for the period | 9904 | -€3,893 | €1,395 | +€5,289 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,893 | €1,395 | +€5,289 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.