BALTHAZAR BRUSSELS: 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.
BALTHAZAR BRUSSELS
Largest movements
- Receivables within one year +€33,619
up €33,619 (+22,848%), from €147 to €33,766
of which Trade receivables: +€26,400
- Cash +€6,158
up €6,158 (+9.2%), from €66,834 to €72,992
mainly Net result for the year (+€71,086)
- Profit (loss) carried forward +€71,086
up €71,086, from -€71,085 to €1
- Trade debts -€19,420
no longer reported in 2024 (was €19,420)
- Other debts -€8,239
down €8,239 (-8.5%), from €96,395 to €88,157
- Tax, wage and social debts -€3,651
no longer reported in 2024 (was €3,651)
- Gross operating margin +€91,269
up €91,269, from -€20,278 to €70,991
- Turnover +€28,900
up €28,900 (+44.0%), from €65,750 to €94,650
- Purchases and services -€11,004
down €11,004 (-12.0%), from €91,672 to €80,668
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.
Derived cash bridge
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 | €66,981 | €106,758 | +€39,777 | +59.4% |
| Current assets | 29/58 | €66,981 | €106,758 | +€39,777 | +59.4% |
| Amounts receivable within one year | 40/41 | €147 | €33,766 | +€33,619 | +22,848% |
| Trade receivables | 40 | - | €26,400 | +€26,400 | |
| Other amounts receivable | 41 | €147 | €7,366 | +€7,219 | +4,906% |
| Cash at bank and in hand | 54/58 | €66,834 | €72,992 | +€6,158 | +9.2% |
| Total equity and liabilities | 10/49 | €66,981 | €106,758 | +€39,777 | +59.4% |
| Equity | 10/15 | -€52,485 | €18,601 | +€71,086 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,085 | €1 | +€71,086 | |
| Amounts payable | 17/49 | €119,466 | €88,157 | -€31,309 | -26.2% |
| Amounts payable within one year | 42/48 | €119,466 | €88,157 | -€31,309 | -26.2% |
| Trade debts | 44 | €19,420 | - | -€19,420 | |
| Suppliers | 440/4 | €19,420 | - | -€19,420 | |
| Taxes, remuneration and social security | 45 | €3,651 | - | -€3,651 | |
| Taxes | 450/3 | €3,651 | - | -€3,651 | |
| Other amounts payable | 47/48 | €96,395 | €88,157 | -€8,239 | -8.5% |
| Turnover | 70 | €65,750 | €94,650 | +€28,900 | +44.0% |
| Non-recurring operating income | 76A | - | €57,199 | +€57,199 | |
| Goods, raw materials, services and sundry goods | 60/61 | €91,672 | €80,668 | -€11,004 | -12.0% |
| Other operating charges | 640/8 | €913 | - | -€913 | |
| Gross operating margin | 9900 | -€20,278 | €70,991 | +€91,269 | |
| Operating profit (loss) | 9901 | -€21,191 | €70,991 | +€92,182 | |
| Financial charges | 65/66B | €70 | -€95 | -€165 | |
| Recurring financial charges | 65 | €70 | -€95 | -€165 | |
| Profit (loss) for the period before taxes | 9903 | -€21,261 | €71,086 | +€92,347 | |
| Profit (loss) for the period | 9904 | -€21,261 | €71,086 | +€92,347 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,261 | €71,086 | +€92,347 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.