HET BLAUWHUYS: what changed
What changed
HET BLAUWHUYS
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€25,773
2023 · €90,824-€65,051
Equity
€1.2m
2023 · €1.2m+€25,773
Cash
€6,493
2023 · €6,741-€248
Balance sheet total
€3.1m
2023 · €2.6m+€509,631
Largest movements
Assets
- Financial fixed assets +€425,000
up €425,000 (+315%), from €135,037 to €560,037
- Tangible fixed assets +€69,558
up €69,558 (+3.4%), from €2.0m to €2.1m
of which Land and buildings: +€53,808
- Receivables within one year +€56,205
up €56,205 (+16.1%), from €348,673 to €404,878
of which Other amounts receivable: +€55,005
- Receivables after one year -€50,000
no longer reported in 2024 (was €50,000)
Equity and liabilities
- Debts after one year +€151,864
up €151,864 (+23.0%), from €661,086 to €812,950
of which Financial debts: +€151,864
- Short-term financial debts +€150,000
new in 2024: €150,000
- Other debts +€137,493
up €137,493 (+50.5%), from €272,225 to €409,718
- Reserves +€34,033
up €34,033 (+10.4%), from €327,273 to €361,306
of which Tax-exempt reserves: +€34,033
Income statement
- Gross operating margin -€60,328
down €60,328 (-21.4%), from €282,082 to €221,754
- Depreciation -€21,313
down €21,313 (-17.8%), from €119,811 to €98,498
- Financial charges +€6,124
up €6,124 (+13.1%), from €46,843 to €52,967
- Financial income +€3,999
up €3,999 (+41.5%), from €9,626 to €13,625
- Other operating charges +€3,129
up €3,129 (+16.1%), from €19,486 to €22,615
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€90,824
Gross operating margin
-€60,328
Staff costs
-€1,105
Depreciation
+€21,313
Other operating charges
-€3,129
Other operating items
-€2,991
Financial income
+€3,999
Financial charges
-€6,124
Taxes
-€0
Deferred taxes and other
-€16,686
Result 2024
€25,773
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€260,405
Investment
-€593,056
Financing
+€332,403
Cash 2023
€6,741
From operations (derived)
+€260,405
Net result for the year
+€25,773
Depreciation
+€98,498
Receivables after one year
+€50,000
Receivables within one year
-€56,205
Deferred charges and accrued income
-€9,116
Provisions
-€1,626
Trade debts
+€8,410
Tax, wage and social debts
-€2,108
Other debts
+€137,493
Accrued charges and deferred income
+€9,285
Investment (derived)
-€593,056
Investment in fixed assets (net)
-€593,056
Financing
+€332,403
Debts after one year
+€151,864
Current portion of long-term debt
+€30,539
Short-term financial debts
+€150,000
Cash 2024
€6,493
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,587,019 | €3,096,650 | +€509,631 | +19.7% |
| Fixed assets | 21/28 | €2,166,593 | €2,661,151 | +€494,558 | +22.8% |
| Tangible fixed assets | 22/27 | €2,031,556 | €2,101,114 | +€69,558 | +3.4% |
| Land and buildings | 22 | €1,420,948 | €1,474,756 | +€53,808 | +3.8% |
| Plant, machinery and equipment | 23 | €2,885 | €1,865 | -€1,020 | -35.4% |
| Furniture and vehicles | 24 | €126 | €896 | +€770 | +610% |
| Other tangible fixed assets | 26 | €607,596 | €607,596 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €16,000 | +€16,000 | |
| Financial fixed assets | 28 | €135,037 | €560,037 | +€425,000 | +315% |
| Current assets | 29/58 | €420,427 | €435,499 | +€15,073 | +3.6% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Amounts receivable within one year | 40/41 | €348,673 | €404,878 | +€56,205 | +16.1% |
| Trade receivables | 40 | - | €1,200 | +€1,200 | |
| Other amounts receivable | 41 | €348,673 | €403,678 | +€55,005 | +15.8% |
| Cash at bank and in hand | 54/58 | €6,741 | €6,493 | -€248 | -3.7% |
| Deferred charges and accrued income | 490/1 | €15,012 | €24,129 | +€9,116 | +60.7% |
| Total equity and liabilities | 10/49 | €2,587,019 | €3,096,650 | +€509,631 | +19.7% |
| Equity | 10/15 | €1,188,262 | €1,214,035 | +€25,773 | +2.2% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Capital | 10 | €1,200,000 | €1,200,000 | = | 0.0% |
| Issued capital | 100 | €1,200,000 | €1,200,000 | = | 0.0% |
| Reserves | 13 | €327,273 | €361,306 | +€34,033 | +10.4% |
| Non-distributable reserves | 130/1 | €992 | €992 | = | 0.0% |
| Legal reserve | 130 | €992 | €992 | = | 0.0% |
| Tax-exempt reserves | 132 | €326,281 | €360,314 | +€34,033 | +10.4% |
| Profit (loss) carried forward | 14 | -€339,011 | -€347,271 | -€8,260 | -2.4% |
| Provisions and deferred taxes | 16 | €345,514 | €343,888 | -€1,626 | -0.5% |
| Provisions for liabilities and charges | 160/5 | €262,234 | €249,264 | -€12,970 | -4.9% |
| Other liabilities and charges | 164/5 | €262,234 | €249,264 | -€12,970 | -4.9% |
| Deferred taxes | 168 | €83,280 | €94,624 | +€11,344 | +13.6% |
| Amounts payable | 17/49 | €1,053,243 | €1,538,727 | +€485,483 | +46.1% |
| Amounts payable after more than one year | 17 | €661,086 | €812,950 | +€151,864 | +23.0% |
| Financial debts | 170/4 | €659,586 | €811,450 | +€151,864 | +23.0% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €381,081 | €705,415 | +€324,335 | +85.1% |
| Current portion of amounts payable after more than one year | 42 | €92,597 | €123,136 | +€30,539 | +33.0% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €12,192 | €20,602 | +€8,410 | +69.0% |
| Suppliers | 440/4 | €12,192 | €20,602 | +€8,410 | +69.0% |
| Taxes, remuneration and social security | 45 | €4,067 | €1,960 | -€2,108 | -51.8% |
| Remuneration and social security | 454/9 | €4,067 | €1,960 | -€2,108 | -51.8% |
| Other amounts payable | 47/48 | €272,225 | €409,718 | +€137,493 | +50.5% |
| Accrued charges and deferred income | 492/3 | €11,077 | €20,361 | +€9,285 | +83.8% |
| Non-recurring operating income | 76A | €153,824 | €67,484 | -€86,340 | -56.1% |
| Remuneration, social security and pensions | 62 | €19,912 | €21,017 | +€1,105 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,811 | €98,498 | -€21,313 | -17.8% |
| Other operating charges | 640/8 | €19,486 | €22,615 | +€3,129 | +16.1% |
| Non-recurring operating charges | 66A | €174 | €3,165 | +€2,991 | +1,719% |
| Gross operating margin | 9900 | €282,082 | €221,754 | -€60,328 | -21.4% |
| Operating profit (loss) | 9901 | €122,699 | €76,460 | -€46,239 | -37.7% |
| Financial income | 75/76B | €9,626 | €13,625 | +€3,999 | +41.5% |
| Recurring financial income | 75 | €9,626 | €13,625 | +€3,999 | +41.5% |
| Financial charges | 65/66B | €46,843 | €52,967 | +€6,124 | +13.1% |
| Recurring financial charges | 65 | €46,843 | €52,967 | +€6,124 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €85,483 | €37,118 | -€48,365 | -56.6% |
| Transfer from deferred taxes | 780 | €5,342 | €5,527 | +€185 | +3.5% |
| Transfer to deferred taxes | 680 | - | €16,871 | +€16,871 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €90,824 | €25,773 | -€65,051 | -71.6% |
| Transfer from tax-exempt reserves | 789 | €16,025 | €16,580 | +€555 | +3.5% |
| Transfer to tax-exempt reserves | 689 | - | €50,613 | +€50,613 | |
| Profit (loss) for the period to be appropriated | 9905 | €106,850 | -€8,260 | -€115,110 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.