DE BLAUWE ARK: 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.
DE BLAUWE ARK
Largest movements
- Cash +€84,851
up €84,851 (+34.1%), from €248,595 to €333,446
mainly Net result for the year (+€258,741) and Depreciation (+€39,239)
- Tangible fixed assets +€68,709
up €68,709 (+11.5%), from €598,762 to €667,471
of which Plant, machinery and equipment: +€71,422
- Stocks and contracts +€16,568
up €16,568 (+21.5%), from €76,985 to €93,552
- Profit (loss) carried forward +€258,741
new in 2024: €258,741
- Tax, wage and social debts -€38,443
down €38,443 (-49.2%), from €78,146 to €39,704
of which Taxes: -€40,438
- Debts after one year -€27,252
down €27,252 (-16.9%), from €161,008 to €133,756
- Gross operating margin +€111,944
up €111,944 (+29.2%), from €383,929 to €495,873
- Taxes +€13,180
up €13,180 (+17.2%), from €76,631 to €89,810
- Staff costs +€12,394
up €12,394 (+14.1%), from €88,045 to €100,438
- Financial charges -€8,320
down €8,320 (-65.7%), from €12,661 to €4,341
of which Non-recurring financial charges: -€6,713
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 | €1,024,208 | €1,205,997 | +€181,789 | +17.7% |
| Fixed assets | 21/28 | €598,762 | €667,471 | +€68,709 | +11.5% |
| Tangible fixed assets | 22/27 | €598,762 | €667,471 | +€68,709 | +11.5% |
| Land and buildings | 22 | €565,187 | €558,192 | -€6,995 | -1.2% |
| Plant, machinery and equipment | 23 | €32,245 | €103,667 | +€71,422 | +222% |
| Leasing and similar rights | 25 | €1,330 | €5,611 | +€4,281 | +322% |
| Current assets | 29/58 | €425,447 | €538,527 | +€113,080 | +26.6% |
| Stocks and contracts in progress | 3 | €76,985 | €93,552 | +€16,568 | +21.5% |
| Stocks | 30/36 | €76,985 | €93,552 | +€16,568 | +21.5% |
| Amounts receivable within one year | 40/41 | €99,867 | €111,529 | +€11,662 | +11.7% |
| Trade receivables | 40 | - | €8,430 | +€8,430 | |
| Other amounts receivable | 41 | €99,867 | €103,098 | +€3,231 | +3.2% |
| Cash at bank and in hand | 54/58 | €248,595 | €333,446 | +€84,851 | +34.1% |
| Total equity and liabilities | 10/49 | €1,024,208 | €1,205,997 | +€181,789 | +17.7% |
| Equity | 10/15 | €699,560 | €958,300 | +€258,741 | +37.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €680,968 | €680,968 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €679,108 | €679,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €258,741 | +€258,741 | |
| Amounts payable | 17/49 | €324,649 | €247,697 | -€76,952 | -23.7% |
| Amounts payable after more than one year | 17 | €161,008 | €133,756 | -€27,252 | -16.9% |
| Financial debts | 170/4 | €161,008 | €133,756 | -€27,252 | -16.9% |
| Amounts payable within one year | 42/48 | €163,641 | €113,941 | -€49,700 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €36,003 | €27,296 | -€8,707 | -24.2% |
| Trade debts | 44 | €38,249 | €35,698 | -€2,550 | -6.7% |
| Suppliers | 440/4 | €38,249 | €35,698 | -€2,550 | -6.7% |
| Taxes, remuneration and social security | 45 | €78,146 | €39,704 | -€38,443 | -49.2% |
| Taxes | 450/3 | €60,979 | €20,541 | -€40,438 | -66.3% |
| Remuneration and social security | 454/9 | €17,167 | €19,162 | +€1,995 | +11.6% |
| Other amounts payable | 47/48 | €11,243 | €11,243 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €88,045 | €100,438 | +€12,394 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,475 | €39,239 | -€4,236 | -9.7% |
| Other operating charges | 640/8 | €4,613 | €5,396 | +€783 | +17.0% |
| Gross operating margin | 9900 | €383,929 | €495,873 | +€111,944 | +29.2% |
| Operating profit (loss) | 9901 | €247,796 | €350,799 | +€103,003 | +41.6% |
| Financial income | 75/76B | €756 | €2,093 | +€1,337 | +177% |
| Recurring financial income | 75 | €756 | €2,093 | +€1,337 | +177% |
| Financial charges | 65/66B | €12,661 | €4,341 | -€8,320 | -65.7% |
| Recurring financial charges | 65 | €5,948 | €4,341 | -€1,607 | -27.0% |
| Non-recurring financial charges | 66B | €6,713 | - | -€6,713 | |
| Profit (loss) for the period before taxes | 9903 | €235,891 | €348,551 | +€112,660 | +47.8% |
| Income taxes | 67/77 | €76,631 | €89,810 | +€13,180 | +17.2% |
| Profit (loss) for the period | 9904 | €159,261 | €258,741 | +€99,480 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €159,261 | €258,741 | +€99,480 | +62.5% |
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.