BLANKOFF PULSATIONS: 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.
BLANKOFF PULSATIONS
Largest movements
- Current investments +€550,000
new in 2023: €550,000
- Cash -€398,841
down €398,841 (-51.5%), from €774,915 to €376,074
mainly Current investments (-€550,000) and Debts after one year (-€43,809)
- Tangible fixed assets -€29,862
down €29,862 (-7.4%), from €405,267 to €375,405
of which Land and buildings: -€31,505
- Reserves +€266,929
up €266,929 (+33.6%), from €793,991 to €1.1m
of which Distributable reserves: +€280,489
- Contributions -€129,400
no longer reported in 2023 (was €129,400)
- Debts after one year -€43,809
down €43,809 (-37.9%), from €115,491 to €71,682
- Other debts +€22,665
up €22,665 (+1038.4%), from €2,183 to €24,847
- Gross operating margin +€33,464
up €33,464 (+14.8%), from €226,120 to €259,584
- Taxes +€14,617
up €14,617 (+28.2%), from €51,759 to €66,376
- Depreciation -€13,290
down €13,290 (-28.4%), from €46,735 to €33,445
- Other operating charges +€8,419
up €8,419 (+163.6%), from €5,145 to €13,564
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,202,517 | €1,311,348 | +€108,831 | +9.1% |
| Fixed assets | 21/28 | €405,267 | €375,405 | -€29,862 | -7.4% |
| Tangible fixed assets | 22/27 | €405,267 | €375,405 | -€29,862 | -7.4% |
| Land and buildings | 22 | €401,243 | €369,738 | -€31,505 | -7.9% |
| Plant, machinery and equipment | 23 | €689 | - | -€689 | |
| Furniture and vehicles | 24 | €3,335 | €5,667 | +€2,333 | +70.0% |
| Current assets | 29/58 | €797,249 | €935,943 | +€138,693 | +17.4% |
| Amounts receivable within one year | 40/41 | €20,561 | €7,484 | -€13,077 | -63.6% |
| Trade receivables | 40 | €545 | - | -€545 | |
| Other amounts receivable | 41 | €20,016 | €7,484 | -€12,532 | -62.6% |
| Current investments | 50/53 | - | €550,000 | +€550,000 | |
| Cash at bank and in hand | 54/58 | €774,915 | €376,074 | -€398,841 | -51.5% |
| Deferred charges and accrued income | 490/1 | €1,773 | €2,385 | +€612 | +34.5% |
| Total equity and liabilities | 10/49 | €1,202,517 | €1,311,348 | +€108,831 | +9.1% |
| Equity | 10/15 | €1,032,891 | €1,170,420 | +€137,529 | +13.3% |
| Contributions | 10/11 | €129,400 | - | -€129,400 | |
| Contributions outside capital | 11 | €129,400 | - | -€129,400 | |
| Other | 1109/19 | €129,400 | - | -€129,400 | |
| Reserves | 13 | €793,991 | €1,060,920 | +€266,929 | +33.6% |
| Non-distributable reserves | 130/1 | €13,560 | - | -€13,560 | |
| Reserves not available under the articles | 1311 | €13,560 | - | -€13,560 | |
| Distributable reserves | 133 | €780,431 | €1,060,920 | +€280,489 | +35.9% |
| Profit (loss) carried forward | 14 | €109,500 | €109,500 | = | 0.0% |
| Amounts payable | 17/49 | €169,626 | €140,928 | -€28,698 | -16.9% |
| Amounts payable after more than one year | 17 | €115,491 | €71,682 | -€43,809 | -37.9% |
| Financial debts | 170/4 | €115,491 | €71,682 | -€43,809 | -37.9% |
| Amounts payable within one year | 42/48 | €54,135 | €69,246 | +€15,111 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €38,598 | €40,514 | +€1,916 | +5.0% |
| Trade debts | 44 | €8,955 | €2,322 | -€6,633 | -74.1% |
| Suppliers | 440/4 | €8,955 | €2,322 | -€6,633 | -74.1% |
| Taxes, remuneration and social security | 45 | €4,399 | €1,563 | -€2,836 | -64.5% |
| Taxes | 450/3 | €4,363 | €1,563 | -€2,800 | -64.2% |
| Remuneration and social security | 454/9 | €36 | - | -€36 | |
| Other amounts payable | 47/48 | €2,183 | €24,847 | +€22,665 | +1038.4% |
| Non-recurring operating income | 76A | €450 | - | -€450 | |
| Remuneration, social security and pensions | 62 | €2,732 | €2,789 | +€57 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,735 | €33,445 | -€13,290 | -28.4% |
| Other operating charges | 640/8 | €5,145 | €13,564 | +€8,419 | +163.6% |
| Non-recurring operating charges | 66A | €306 | €189 | -€117 | -38.3% |
| Gross operating margin | 9900 | €226,120 | €259,584 | +€33,464 | +14.8% |
| Operating profit (loss) | 9901 | €171,201 | €209,597 | +€38,396 | +22.4% |
| Financial income | 75/76B | €0 | €508 | +€508 | +169286.7% |
| Recurring financial income | 75 | €0 | €508 | +€508 | +169286.7% |
| Financial charges | 65/66B | €7,446 | €6,200 | -€1,246 | -16.7% |
| Recurring financial charges | 65 | €7,446 | €6,200 | -€1,246 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €163,755 | €203,905 | +€40,149 | +24.5% |
| Income taxes | 67/77 | €51,759 | €66,376 | +€14,617 | +28.2% |
| Profit (loss) for the period | 9904 | €111,996 | €137,529 | +€25,533 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €111,996 | €137,529 | +€25,533 | +22.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.