BLINK IT: 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.
BLINK IT
Largest movements
- Tangible fixed assets -€289,777
down €289,777 (-74.8%), from €387,455 to €97,678
of which Land and buildings: -€274,089
- Financial fixed assets +€12,500
up €12,500 (+8.3%), from €149,755 to €162,255
- Cash +€7,667
new in 2024: €7,667
mainly Investment in fixed assets (net) (+€241,782) and Depreciation (+€35,495)
- Receivables within one year -€7,322
down €7,322 (-18.2%), from €40,172 to €32,850
of which Trade receivables: -€7,709
- Debts after one year -€81,639
down €81,639 (-63.4%), from €128,786 to €47,147
- Reserves -€42,298
down €42,298 (-24.6%), from €172,222 to €129,923
of which Tax-exempt reserves: -€42,298
- Other debts -€41,372
no longer reported in 2024 (was €41,372)
- Short-term financial debts -€32,193
no longer reported in 2024 (was €32,193)
- Current portion of long-term debt -€28,879
down €28,879 (-59.4%), from €48,648 to €19,769
- Financial charges +€85,371
up €85,371 (+1399.1%), from €6,102 to €91,473
of which Non-recurring financial charges: +€81,089
- Gross operating margin -€42,417
down €42,417 (-41.2%), from €103,063 to €60,646
- Depreciation -€18,442
down €18,442 (-34.2%), from €53,937 to €35,495
- Taxes -€8,739
down €8,739 (-95.8%), from €9,119 to €380
- Other operating charges +€1,044
up €1,044 (+58.5%), from €1,784 to €2,828
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 | €577,381 | €300,449 | -€276,932 | -48.0% |
| Fixed assets | 21/28 | €537,209 | €259,932 | -€277,277 | -51.6% |
| Tangible fixed assets | 22/27 | €387,455 | €97,678 | -€289,777 | -74.8% |
| Land and buildings | 22 | €274,089 | - | -€274,089 | |
| Plant, machinery and equipment | 23 | €101,977 | €97,441 | -€4,536 | -4.4% |
| Furniture and vehicles | 24 | €11,389 | €237 | -€11,152 | -97.9% |
| Financial fixed assets | 28 | €149,755 | €162,255 | +€12,500 | +8.3% |
| Current assets | 29/58 | €40,172 | €40,517 | +€345 | +0.9% |
| Amounts receivable within one year | 40/41 | €40,172 | €32,850 | -€7,322 | -18.2% |
| Trade receivables | 40 | €40,172 | €32,463 | -€7,709 | -19.2% |
| Other amounts receivable | 41 | - | €387 | +€387 | |
| Cash at bank and in hand | 54/58 | - | €7,667 | +€7,667 | |
| Total equity and liabilities | 10/49 | €577,381 | €300,449 | -€276,932 | -48.0% |
| Equity | 10/15 | €242,920 | €187,490 | -€55,430 | -22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,222 | €129,923 | -€42,298 | -24.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,298 | - | -€42,298 | |
| Distributable reserves | 133 | €128,063 | €128,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,098 | €38,966 | -€13,132 | -25.2% |
| Provisions and deferred taxes | 16 | €14,099 | - | -€14,099 | |
| Deferred taxes | 168 | €14,099 | - | -€14,099 | |
| Amounts payable | 17/49 | €320,362 | €112,960 | -€207,403 | -64.7% |
| Amounts payable after more than one year | 17 | €128,786 | €47,147 | -€81,639 | -63.4% |
| Financial debts | 170/4 | €128,786 | €47,147 | -€81,639 | -63.4% |
| Amounts payable within one year | 42/48 | €191,577 | €58,812 | -€132,764 | -69.3% |
| Current portion of amounts payable after more than one year | 42 | €48,648 | €19,769 | -€28,879 | -59.4% |
| Financial debts | 43 | €32,193 | - | -€32,193 | |
| Credit institutions | 430/8 | €32,193 | - | -€32,193 | |
| Trade debts | 44 | €61,484 | €38,966 | -€22,518 | -36.6% |
| Suppliers | 440/4 | €61,484 | €38,966 | -€22,518 | -36.6% |
| Taxes, remuneration and social security | 45 | €7,880 | €78 | -€7,803 | -99.0% |
| Taxes | 450/3 | €7,880 | €78 | -€7,803 | -99.0% |
| Other amounts payable | 47/48 | €41,372 | - | -€41,372 | |
| Accrued charges and deferred income | 492/3 | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,937 | €35,495 | -€18,442 | -34.2% |
| Other operating charges | 640/8 | €1,784 | €2,828 | +€1,044 | +58.5% |
| Gross operating margin | 9900 | €103,063 | €60,646 | -€42,417 | -41.2% |
| Operating profit (loss) | 9901 | €47,342 | €22,324 | -€25,019 | -52.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,102 | €91,473 | +€85,371 | +1399.1% |
| Recurring financial charges | 65 | €6,102 | €10,384 | +€4,282 | +70.2% |
| Non-recurring financial charges | 66B | - | €81,089 | +€81,089 | |
| Profit (loss) for the period before taxes | 9903 | €41,240 | -€69,149 | -€110,390 | |
| Transfer from deferred taxes | 780 | - | €56,398 | +€56,398 | |
| Income taxes | 67/77 | €9,119 | €380 | -€8,739 | -95.8% |
| Profit (loss) for the period | 9904 | €32,121 | -€13,132 | -€45,253 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,121 | -€13,132 | -€45,253 |
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.