De Blauwhoeve: 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 Blauwhoeve
Largest movements
- Receivables after one year +€627,602
up €627,602 (+118%), from €532,060 to €1.2m
- Current investments -€282,913
no longer reported in 2023 (was €282,913)
- Cash +€90,991
up €90,991 (+777%), from €11,705 to €102,695
- Tangible fixed assets -€46,212
down €46,212 (-8.3%), from €554,585 to €508,374
of which Land and buildings: -€37,561
- Receivables within one year -€18,458
down €18,458 (-62.4%), from €29,558 to €11,100
- Reserves +€415,000
up €415,000 (+41.0%), from €1.0m to €1.4m
- Debts after one year -€70,406
down €70,406 (-79.0%), from €89,140 to €18,733
- Tax, wage and social debts +€41,079
up €41,079 (+107%), from €38,423 to €79,502
- Profit (loss) carried forward -€28,130
down €28,130 (-16.8%), from €167,461 to €139,331
- Financial income +€24,404
up €24,404 (+149%), from €16,389 to €40,792
- Taxes +€12,108
up €12,108 (+13.8%), from €87,519 to €99,627
- Gross operating margin +€9,931
up €9,931 (+3.0%), from €329,780 to €339,711
- Financial charges -€3,779
down €3,779 (-42.6%), from €8,875 to €5,096
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,412,186 | €1,781,831 | +€369,645 | +26.2% |
| Fixed assets | 21/28 | €554,585 | €508,374 | -€46,212 | -8.3% |
| Tangible fixed assets | 22/27 | €554,585 | €508,374 | -€46,212 | -8.3% |
| Land and buildings | 22 | €479,936 | €442,375 | -€37,561 | -7.8% |
| Plant, machinery and equipment | 23 | €2,184 | €8,160 | +€5,976 | +274% |
| Furniture and vehicles | 24 | €38,224 | €28,347 | -€9,877 | -25.8% |
| Other tangible fixed assets | 26 | €34,241 | €29,492 | -€4,749 | -13.9% |
| Current assets | 29/58 | €857,601 | €1,273,458 | +€415,856 | +48.5% |
| Amounts receivable after more than one year | 29 | €532,060 | €1,159,662 | +€627,602 | +118% |
| Other amounts receivable | 291 | €532,060 | €1,159,662 | +€627,602 | +118% |
| Amounts receivable within one year | 40/41 | €29,558 | €11,100 | -€18,458 | -62.4% |
| Trade receivables | 40 | €29,558 | €11,100 | -€18,458 | -62.4% |
| Current investments | 50/53 | €282,913 | - | -€282,913 | |
| Cash at bank and in hand | 54/58 | €11,705 | €102,695 | +€90,991 | +777% |
| Deferred charges and accrued income | 490/1 | €1,365 | - | -€1,365 | |
| Total equity and liabilities | 10/49 | €1,412,186 | €1,781,831 | +€369,645 | +26.2% |
| Equity | 10/15 | €1,202,461 | €1,589,331 | +€386,870 | +32.2% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €1,011,000 | €1,426,000 | +€415,000 | +41.0% |
| Non-distributable reserves | 130/1 | €1,011,000 | €1,426,000 | +€415,000 | +41.0% |
| Reserves not available under the articles | 1311 | €11,000 | €11,000 | = | 0.0% |
| Other | 1319 | €1,000,000 | €1,415,000 | +€415,000 | +41.5% |
| Profit (loss) carried forward | 14 | €167,461 | €139,331 | -€28,130 | -16.8% |
| Amounts payable | 17/49 | €209,725 | €192,500 | -€17,225 | -8.2% |
| Amounts payable after more than one year | 17 | €89,140 | €18,733 | -€70,406 | -79.0% |
| Financial debts | 170/4 | €89,140 | €18,733 | -€70,406 | -79.0% |
| Amounts payable within one year | 42/48 | €120,117 | €173,556 | +€53,439 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €48,815 | €59,630 | +€10,814 | +22.2% |
| Financial debts | 43 | €16,813 | €18,650 | +€1,836 | +10.9% |
| Other loans | 439 | €16,813 | €18,650 | +€1,836 | +10.9% |
| Trade debts | 44 | €1,065 | €774 | -€291 | -27.3% |
| Suppliers | 440/4 | €1,065 | €774 | -€291 | -27.3% |
| Taxes, remuneration and social security | 45 | €38,423 | €79,502 | +€41,079 | +107% |
| Taxes | 450/3 | €38,423 | €79,502 | +€41,079 | +107% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €469 | €211 | -€258 | -55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,617 | €46,671 | +€3,055 | +7.0% |
| Other operating charges | 640/8 | €1,134 | €2,640 | +€1,507 | +133% |
| Gross operating margin | 9900 | €329,780 | €339,711 | +€9,931 | +3.0% |
| Operating profit (loss) | 9901 | €285,029 | €290,399 | +€5,369 | +1.9% |
| Financial income | 75/76B | €16,389 | €40,792 | +€24,404 | +149% |
| Recurring financial income | 75 | €16,389 | €40,792 | +€24,404 | +149% |
| Financial charges | 65/66B | €8,875 | €5,096 | -€3,779 | -42.6% |
| Recurring financial charges | 65 | €8,875 | €5,096 | -€3,779 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €292,542 | €326,095 | +€33,552 | +11.5% |
| Income taxes | 67/77 | €87,519 | €99,627 | +€12,108 | +13.8% |
| Profit (loss) for the period | 9904 | €205,023 | €226,467 | +€21,444 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €205,023 | €226,467 | +€21,444 | +10.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.