BLITSS: 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.
BLITSS
Largest movements
- Tangible fixed assets -€54,066
down €54,066 (-5.7%), from €955,688 to €901,622
of which Land and buildings: -€66,869
- Cash -€44,760
down €44,760 (-48.7%), from €91,897 to €47,137
mainly Debts after one year (-€171,916) and Investment in fixed assets (net) (-€24,165)
- Debts after one year -€171,916
down €171,916 (-61.5%), from €279,602 to €107,685
- Reserves +€97,775
up €97,775 (+12.7%), from €768,670 to €866,445
of which Distributable reserves: +€99,635
- Current portion of long-term debt -€16,931
down €16,931 (-38.8%), from €43,605 to €26,674
- Gross operating margin -€33,466
down €33,466 (-12.6%), from €265,306 to €231,840
- Taxes -€9,155
down €9,155 (-16.9%), from €54,099 to €44,944
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 | €1,224,244 | €1,132,403 | -€91,841 | -7.5% |
| Fixed assets | 21/28 | €956,312 | €902,246 | -€54,066 | -5.7% |
| Tangible fixed assets | 22/27 | €955,688 | €901,622 | -€54,066 | -5.7% |
| Land and buildings | 22 | €935,663 | €868,794 | -€66,869 | -7.1% |
| Plant, machinery and equipment | 23 | €3,336 | €13,111 | +€9,776 | +293.0% |
| Furniture and vehicles | 24 | €16,689 | €19,717 | +€3,028 | +18.1% |
| Financial fixed assets | 28 | €624 | €624 | = | 0.0% |
| Current assets | 29/58 | €267,932 | €230,157 | -€37,775 | -14.1% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €119,235 | €125,774 | +€6,539 | +5.5% |
| Trade receivables | 40 | €79,105 | €52,541 | -€26,565 | -33.6% |
| Other amounts receivable | 41 | €40,130 | €73,233 | +€33,104 | +82.5% |
| Cash at bank and in hand | 54/58 | €91,897 | €47,137 | -€44,760 | -48.7% |
| Deferred charges and accrued income | 490/1 | €1,800 | €2,247 | +€447 | +24.8% |
| Total equity and liabilities | 10/49 | €1,224,244 | €1,132,403 | -€91,841 | -7.5% |
| Equity | 10/15 | €818,061 | €917,695 | +€99,635 | +12.2% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €768,670 | €866,445 | +€97,775 | +12.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €766,810 | €866,445 | +€99,635 | +13.0% |
| Profit (loss) carried forward | 14 | €43,191 | €43,191 | = | 0.0% |
| Amounts payable | 17/49 | €406,183 | €214,708 | -€191,475 | -47.1% |
| Amounts payable after more than one year | 17 | €279,602 | €107,685 | -€171,916 | -61.5% |
| Financial debts | 170/4 | €279,602 | €107,685 | -€171,916 | -61.5% |
| Amounts payable within one year | 42/48 | €126,581 | €101,906 | -€24,675 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €43,605 | €26,674 | -€16,931 | -38.8% |
| Trade debts | 44 | €19,649 | €7,476 | -€12,173 | -62.0% |
| Suppliers | 440/4 | €19,649 | €7,476 | -€12,173 | -62.0% |
| Taxes, remuneration and social security | 45 | €63,327 | €67,756 | +€4,429 | +7.0% |
| Taxes | 450/3 | €63,327 | €67,756 | +€4,429 | +7.0% |
| Accrued charges and deferred income | 492/3 | - | €5,116 | +€5,116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,536 | €78,231 | -€1,305 | -1.6% |
| Other operating charges | 640/8 | €2,000 | €3,395 | +€1,395 | +69.8% |
| Gross operating margin | 9900 | €265,306 | €231,840 | -€33,466 | -12.6% |
| Operating profit (loss) | 9901 | €183,770 | €150,214 | -€33,556 | -18.3% |
| Financial income | 75/76B | €1,969 | €3,896 | +€1,927 | +97.9% |
| Recurring financial income | 75 | €1,969 | €3,896 | +€1,927 | +97.9% |
| Financial charges | 65/66B | €11,516 | €9,532 | -€1,985 | -17.2% |
| Recurring financial charges | 65 | €11,516 | €9,532 | -€1,985 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €174,223 | €144,578 | -€29,644 | -17.0% |
| Income taxes | 67/77 | €54,099 | €44,944 | -€9,155 | -16.9% |
| Profit (loss) for the period | 9904 | €120,123 | €99,635 | -€20,489 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €120,123 | €99,635 | -€20,489 | -17.1% |
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 29 September 2026 via checked.be.