BLONCO: 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.
What changed
BLONCO
NACE 68.121, Development of residential building projects
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€13,047
2023 · -€39,801+€52,848
Equity
€399,623
2023 · €386,577+€13,047
Cash
€15,225
2023 · €10,627+€4,598
Balance sheet total
€4.7m
2023 · €3.4m+€1.3m
Largest movements
Assets
- Stocks and contracts +€1.3m
up €1.3m (+96.9%), from €1.4m to €2.7m
Equity and liabilities
- Debts after one year +€1.3m
up €1.3m (+48.2%), from €2.7m to €4.0m
of which Financial debts: +€1.3m
Income statement
- Financial charges -€58,499
down €58,499 (-70.2%), from €83,384 to €24,885
- Gross operating margin -€9,094
down €9,094 (-9.5%), from €96,199 to €87,105
- Financial income +€2,482
up €2,482 (+20448.4%), from €12 to €2,495
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.
Result 2023
-€39,801
Gross operating margin
-€9,094
Depreciation
+€440
Other operating charges
+€521
Financial income
+€2,482
Financial charges
+€58,499
Result 2024
€13,047
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.
From operations
-€1.3m
Investment
€0
Financing
+€1.3m
Cash 2023
€10,627
From operations (derived)
-€1.3m
Net result for the year
+€13,047
Depreciation
+€35,765
Stocks and contracts
-€1.3m
Smaller working-capital items
-€3,707
Trade debts
+€35,595
Tax, wage and social debts
-€28,362
Other debts
-€7,232
Financing
+€1.3m
Debts after one year
+€1.3m
Current portion of long-term debt
+€1,344
Short-term financial debts
+€1,735
Cash 2024
€15,225
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,410,763 | €4,730,631 | +€1.3m | +38.7% |
| Fixed assets | 21/28 | €1,805,697 | €1,769,932 | -€35,765 | -2.0% |
| Tangible fixed assets | 22/27 | €455,697 | €419,932 | -€35,765 | -7.8% |
| Land and buildings | 22 | €365,812 | €340,675 | -€25,137 | -6.9% |
| Plant, machinery and equipment | 23 | €88,185 | €79,257 | -€8,928 | -10.1% |
| Furniture and vehicles | 24 | €1,700 | - | -€1,700 | |
| Financial fixed assets | 28 | €1,350,000 | €1,350,000 | = | 0.0% |
| Current assets | 29/58 | €1,605,066 | €2,960,699 | +€1.4m | +84.5% |
| Stocks and contracts in progress | 3 | €1,390,147 | €2,737,476 | +€1.3m | +96.9% |
| Stocks | 30/36 | €1,390,147 | €2,737,476 | +€1.3m | +96.9% |
| Amounts receivable within one year | 40/41 | €20,726 | €23,804 | +€3,079 | +14.9% |
| Trade receivables | 40 | €8,368 | €4,223 | -€4,145 | -49.5% |
| Other amounts receivable | 41 | €12,358 | €19,581 | +€7,223 | +58.5% |
| Current investments | 50/53 | €179,316 | €179,316 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,627 | €15,225 | +€4,598 | +43.3% |
| Deferred charges and accrued income | 490/1 | €4,250 | €4,878 | +€628 | +14.8% |
| Total equity and liabilities | 10/49 | €3,410,763 | €4,730,631 | +€1.3m | +38.7% |
| Equity | 10/15 | €386,577 | €399,623 | +€13,047 | +3.4% |
| Contributions | 10/11 | €62,900 | €62,900 | = | 0.0% |
| Capital | 10 | €62,900 | €62,900 | = | 0.0% |
| Issued capital | 100 | €62,900 | €62,900 | = | 0.0% |
| Reserves | 13 | €6,290 | €6,290 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,290 | €6,290 | = | 0.0% |
| Legal reserve | 130 | €6,290 | €6,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | €317,387 | €330,433 | +€13,047 | +4.1% |
| Amounts payable | 17/49 | €3,024,186 | €4,331,008 | +€1.3m | +43.2% |
| Amounts payable after more than one year | 17 | €2,703,800 | €4,007,542 | +€1.3m | +48.2% |
| Financial debts | 170/4 | €1,041,157 | €2,299,978 | +€1.3m | +120.9% |
| Other amounts payable | 178/9 | €1,662,643 | €1,707,564 | +€44,921 | +2.7% |
| Amounts payable within one year | 42/48 | €320,387 | €323,466 | +€3,079 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €97,559 | €98,903 | +€1,344 | +1.4% |
| Financial debts | 43 | €118,039 | €119,774 | +€1,735 | +1.5% |
| Credit institutions | 430/8 | €118,039 | €119,774 | +€1,735 | +1.5% |
| Trade debts | 44 | €51,282 | €86,877 | +€35,595 | +69.4% |
| Suppliers | 440/4 | €51,282 | €86,877 | +€35,595 | +69.4% |
| Taxes, remuneration and social security | 45 | €28,362 | - | -€28,362 | |
| Taxes | 450/3 | €28,362 | - | -€28,362 | |
| Other amounts payable | 47/48 | €25,144 | €17,912 | -€7,232 | -28.8% |
| Non-recurring operating income | 76A | €2,679 | - | -€2,679 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,205 | €35,765 | -€440 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,868 | €2,868 | = | 0.0% |
| Other operating charges | 640/8 | €13,556 | €13,035 | -€521 | -3.8% |
| Gross operating margin | 9900 | €96,199 | €87,105 | -€9,094 | -9.5% |
| Operating profit (loss) | 9901 | €43,570 | €35,437 | -€8,134 | -18.7% |
| Financial income | 75/76B | €12 | €2,495 | +€2,482 | +20448.4% |
| Recurring financial income | 75 | €12 | €2,495 | +€2,482 | +20448.4% |
| Financial charges | 65/66B | €83,384 | €24,885 | -€58,499 | -70.2% |
| Recurring financial charges | 65 | €83,384 | €24,885 | -€58,499 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,801 | €13,047 | +€52,848 | |
| Profit (loss) for the period | 9904 | -€39,801 | €13,047 | +€52,848 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,801 | €13,047 | +€52,848 |
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 5 October 2026 via checked.be.