blaw: 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.
blaw
Largest movements
- Tangible fixed assets -€9,478
down €9,478 (-8.0%), from €118,198 to €108,720
of which Land and buildings: -€7,805
- Cash +€7,472
up €7,472 (+633.4%), from €1,180 to €8,652
mainly Debts after one year (+€64,079) and Depreciation (+€9,478)
- Debts after one year +€64,079
up €64,079 (+75.4%), from €84,954 to €149,033
- Other debts -€57,436
down €57,436 (-48.6%), from €118,281 to €60,845
- Profit (loss) carried forward -€15,128
down €15,128 (-14.7%), from -€102,639 to -€117,767
- Trade debts +€6,462
up €6,462 (+501.2%), from €1,289 to €7,751
- Gross operating margin +€2,644
up €2,644, from -€1,265 to €1,379
- Depreciation -€2,492
down €2,492 (-20.8%), from €11,969 to €9,478
- Other operating charges -€1,566
down €1,566 (-26.8%), from €5,835 to €4,269
- Financial charges -€97
down €97 (-3.7%), from €2,617 to €2,519
- Financial income -€35
down €35 (-91.2%), from €39 to €3
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 | €129,665 | €128,186 | -€1,479 | -1.1% |
| Fixed assets | 21/28 | €118,198 | €108,720 | -€9,478 | -8.0% |
| Tangible fixed assets | 22/27 | €118,198 | €108,720 | -€9,478 | -8.0% |
| Land and buildings | 22 | €103,903 | €96,098 | -€7,805 | -7.5% |
| Plant, machinery and equipment | 23 | €4,033 | €3,575 | -€459 | -11.4% |
| Furniture and vehicles | 24 | €10,261 | €9,047 | -€1,214 | -11.8% |
| Current assets | 29/58 | €11,467 | €19,466 | +€7,999 | +69.8% |
| Amounts receivable within one year | 40/41 | €9,196 | €9,065 | -€131 | -1.4% |
| Trade receivables | 40 | €9,196 | €9,065 | -€131 | -1.4% |
| Cash at bank and in hand | 54/58 | €1,180 | €8,652 | +€7,472 | +633.4% |
| Deferred charges and accrued income | 490/1 | €1,091 | €1,750 | +€658 | +60.3% |
| Total equity and liabilities | 10/49 | €129,665 | €128,186 | -€1,479 | -1.1% |
| Equity | 10/15 | -€83,803 | -€98,930 | -€15,128 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €236 | €236 | = | 0.0% |
| Distributable reserves | 133 | €236 | €236 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,639 | -€117,767 | -€15,128 | -14.7% |
| Amounts payable | 17/49 | €213,467 | €227,117 | +€13,649 | +6.4% |
| Amounts payable after more than one year | 17 | €84,954 | €149,033 | +€64,079 | +75.4% |
| Financial debts | 170/4 | €84,954 | €149,033 | +€64,079 | +75.4% |
| Amounts payable within one year | 42/48 | €128,513 | €78,083 | -€50,430 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €5,763 | €5,921 | +€158 | +2.7% |
| Trade debts | 44 | €1,289 | €7,751 | +€6,462 | +501.2% |
| Suppliers | 440/4 | €1,289 | €7,751 | +€6,462 | +501.2% |
| Taxes, remuneration and social security | 45 | €3,180 | €3,566 | +€386 | +12.1% |
| Taxes | 450/3 | €3,180 | €3,566 | +€386 | +12.1% |
| Other amounts payable | 47/48 | €118,281 | €60,845 | -€57,436 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,969 | €9,478 | -€2,492 | -20.8% |
| Other operating charges | 640/8 | €5,835 | €4,269 | -€1,566 | -26.8% |
| Gross operating margin | 9900 | -€1,265 | €1,379 | +€2,644 | |
| Operating profit (loss) | 9901 | -€19,070 | -€12,368 | +€6,702 | +35.1% |
| Financial income | 75/76B | €39 | €3 | -€35 | -91.2% |
| Recurring financial income | 75 | €39 | €3 | -€35 | -91.2% |
| Financial charges | 65/66B | €2,617 | €2,519 | -€97 | -3.7% |
| Recurring financial charges | 65 | €2,617 | €2,519 | -€97 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,647 | -€14,884 | +€6,763 | +31.2% |
| Income taxes | 67/77 | €231 | €244 | +€13 | +5.5% |
| Profit (loss) for the period | 9904 | -€21,879 | -€15,128 | +€6,751 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,879 | -€15,128 | +€6,751 | +30.9% |
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 28 September 2026 via checked.be.