BLOWFISH SOLUTIONS: 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.
BLOWFISH SOLUTIONS
Largest movements
- Receivables within one year -€53,092
down €53,092 (-32.7%), from €162,438 to €109,346
of which Trade receivables: -€76,000
- Cash -€22,884
down €22,884 (-99.6%), from €22,969 to €85
mainly Advances received (-€46,024) and Trade debts (-€21,756)
- Deferred charges and accrued income +€16,632
up €16,632 (+1,357%), from €1,226 to €17,858
- Advances received -€46,024
down €46,024 (-89.2%), from €51,603 to €5,579
- Trade debts -€21,756
down €21,756 (-41.3%), from €52,644 to €30,889
- Tax, wage and social debts +€7,133
up €7,133 (+89.2%), from €7,994 to €15,127
- Accrued charges and deferred income +€3,500
up €3,500, from €0 to €3,500
- Profit (loss) carried forward -€2,720
new in 2024: -€2,720
- Gross operating margin -€23,358
down €23,358, from €16,434 to -€6,924
- Taxes -€6,849
down €6,849, from €5,092 to -€1,757
- Financial income +€3,768
up €3,768 (+124%), from €3,044 to €6,812
- Depreciation -€2,475
down €2,475 (-82.6%), from €2,998 to €523
- Other operating charges -€514
down €514 (-20.3%), from €2,531 to €2,018
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.
Derived cash bridge
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 | €188,014 | €128,146 | -€59,867 | -31.8% |
| Fixed assets | 21/28 | €1,380 | €857 | -€523 | -37.9% |
| Tangible fixed assets | 22/27 | €1,380 | €857 | -€523 | -37.9% |
| Plant, machinery and equipment | 23 | €349 | €89 | -€260 | -74.5% |
| Furniture and vehicles | 24 | €1,031 | €768 | -€263 | -25.5% |
| Current assets | 29/58 | €186,634 | €127,289 | -€59,344 | -31.8% |
| Amounts receivable within one year | 40/41 | €162,438 | €109,346 | -€53,092 | -32.7% |
| Trade receivables | 40 | €90,257 | €14,258 | -€76,000 | -84.2% |
| Other amounts receivable | 41 | €72,181 | €95,089 | +€22,908 | +31.7% |
| Cash at bank and in hand | 54/58 | €22,969 | €85 | -€22,884 | -99.6% |
| Deferred charges and accrued income | 490/1 | €1,226 | €17,858 | +€16,632 | +1,357% |
| Total equity and liabilities | 10/49 | €188,014 | €128,146 | -€59,867 | -31.8% |
| Equity | 10/15 | €75,772 | €73,052 | -€2,720 | -3.6% |
| Contributions | 10/11 | €6,200 | €8,055 | +€1,855 | +29.9% |
| Reserves | 13 | €69,572 | €67,717 | -€1,855 | -2.7% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €67,717 | €67,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,720 | -€2,720 | |
| Amounts payable | 17/49 | €112,241 | €55,095 | -€57,147 | -50.9% |
| Amounts payable within one year | 42/48 | €112,241 | €51,594 | -€60,647 | -54.0% |
| Trade debts | 44 | €52,644 | €30,889 | -€21,756 | -41.3% |
| Suppliers | 440/4 | €52,644 | €30,889 | -€21,756 | -41.3% |
| Advances received on contracts in progress | 46 | €51,603 | €5,579 | -€46,024 | -89.2% |
| Taxes, remuneration and social security | 45 | €7,994 | €15,127 | +€7,133 | +89.2% |
| Taxes | 450/3 | €7,994 | €15,127 | +€7,133 | +89.2% |
| Accrued charges and deferred income | 492/3 | €0 | €3,500 | +€3,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,998 | €523 | -€2,475 | -82.6% |
| Other operating charges | 640/8 | €2,531 | €2,018 | -€514 | -20.3% |
| Gross operating margin | 9900 | €16,434 | -€6,924 | -€23,358 | |
| Operating profit (loss) | 9901 | €10,904 | -€9,465 | -€20,369 | |
| Financial income | 75/76B | €3,044 | €6,812 | +€3,768 | +124% |
| Recurring financial income | 75 | €3,044 | €6,812 | +€3,768 | +124% |
| Financial charges | 65/66B | €1,726 | €1,825 | +€99 | +5.7% |
| Recurring financial charges | 65 | €1,726 | €1,825 | +€99 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €12,222 | -€4,477 | -€16,699 | |
| Income taxes | 67/77 | €5,092 | -€1,757 | -€6,849 | |
| Profit (loss) for the period | 9904 | €7,130 | -€2,720 | -€9,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,130 | -€2,720 | -€9,850 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.