BLT: 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.
BLT
Largest movements
- Receivables after one year +€115,687
up €115,687 (+45.7%), from €253,126 to €368,813
of which Other amounts receivable: +€106,705
- Receivables within one year -€23,474
down €23,474 (-13.6%), from €172,144 to €148,670
of which Trade receivables: -€20,627
- Cash -€7,208
down €7,208 (-95.0%), from €7,588 to €379
mainly Receivables after one year (-€115,687) and Accrued charges and deferred income (-€9,554)
- Trade debts +€49,864
up €49,864 (+90.7%), from €54,973 to €104,837
- Reserves +€26,289
up €26,289 (+9.6%), from €274,662 to €300,951
- Tax, wage and social debts +€18,858
up €18,858 (+20.1%), from €93,769 to €112,628
of which Taxes: +€21,162
- Accrued charges and deferred income -€9,554
no longer reported in 2024 (was €9,554)
- Taxes +€69,384
up €69,384 (+167.3%), from €41,463 to €110,847
- Gross operating margin -€25,773
down €25,773 (-11.8%), from €217,920 to €192,147
- Staff costs -€12,449
down €12,449 (-18.3%), from €68,154 to €55,705
- Other operating charges -€8,096
down €8,096 (-45.3%), from €17,869 to €9,773
- Financial income +€3,573
up €3,573 (+66.0%), from €5,411 to €8,984
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 | €454,096 | €539,554 | +€85,458 | +18.8% |
| Fixed assets | 21/28 | €21,239 | €21,692 | +€452 | +2.1% |
| Tangible fixed assets | 22/27 | €21,239 | €21,692 | +€452 | +2.1% |
| Plant, machinery and equipment | 23 | €6,551 | €10,721 | +€4,170 | +63.7% |
| Furniture and vehicles | 24 | €14,688 | €10,971 | -€3,717 | -25.3% |
| Current assets | 29/58 | €432,857 | €517,862 | +€85,005 | +19.6% |
| Amounts receivable after more than one year | 29 | €253,126 | €368,813 | +€115,687 | +45.7% |
| Trade receivables | 290 | - | €8,983 | +€8,983 | |
| Other amounts receivable | 291 | €253,126 | €359,830 | +€106,705 | +42.2% |
| Amounts receivable within one year | 40/41 | €172,144 | €148,670 | -€23,474 | -13.6% |
| Trade receivables | 40 | €153,204 | €132,577 | -€20,627 | -13.5% |
| Other amounts receivable | 41 | €18,940 | €16,093 | -€2,847 | -15.0% |
| Cash at bank and in hand | 54/58 | €7,588 | €379 | -€7,208 | -95.0% |
| Total equity and liabilities | 10/49 | €454,096 | €539,554 | +€85,458 | +18.8% |
| Equity | 10/15 | €294,662 | €320,951 | +€26,289 | +8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €274,662 | €300,951 | +€26,289 | +9.6% |
| Distributable reserves | 133 | €274,662 | €300,951 | +€26,289 | +9.6% |
| Amounts payable | 17/49 | €159,434 | €218,603 | +€59,169 | +37.1% |
| Amounts payable within one year | 42/48 | €149,880 | €218,603 | +€68,722 | +45.9% |
| Trade debts | 44 | €54,973 | €104,837 | +€49,864 | +90.7% |
| Suppliers | 440/4 | €54,973 | €104,837 | +€49,864 | +90.7% |
| Taxes, remuneration and social security | 45 | €93,769 | €112,628 | +€18,858 | +20.1% |
| Taxes | 450/3 | €91,466 | €112,628 | +€21,162 | +23.1% |
| Remuneration and social security | 454/9 | €2,304 | - | -€2,304 | |
| Other amounts payable | 47/48 | €1,138 | €1,138 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,554 | - | -€9,554 | |
| Remuneration, social security and pensions | 62 | €68,154 | €55,705 | -€12,449 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,260 | €7,805 | +€545 | +7.5% |
| Other operating charges | 640/8 | €17,869 | €9,773 | -€8,096 | -45.3% |
| Gross operating margin | 9900 | €217,920 | €192,147 | -€25,773 | -11.8% |
| Operating profit (loss) | 9901 | €124,637 | €118,864 | -€5,773 | -4.6% |
| Financial income | 75/76B | €5,411 | €8,984 | +€3,573 | +66.0% |
| Recurring financial income | 75 | €5,411 | €8,984 | +€3,573 | +66.0% |
| Financial charges | 65/66B | €737 | €853 | +€116 | +15.7% |
| Recurring financial charges | 65 | €737 | €853 | +€116 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €129,311 | €126,995 | -€2,316 | -1.8% |
| Income taxes | 67/77 | €41,463 | €110,847 | +€69,384 | +167.3% |
| Profit (loss) for the period | 9904 | €87,849 | €16,149 | -€71,700 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,849 | €16,149 | -€71,700 | -81.6% |
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.