BLAU: 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.
BLAU
Largest movements
- Current investments -€290,947
down €290,947 (-53.7%), from €541,765 to €250,818
- Cash +€135,408
up €135,408 (+131.9%), from €102,674 to €238,081
mainly Net result for the year (+€650,355) and Current investments (+€290,947)
- Receivables within one year +€22,391
up €22,391 (+31.0%), from €72,320 to €94,711
of which Trade receivables: +€30,250
- Other debts -€90,256
down €90,256 (-14.6%), from €618,411 to €528,155
- Tax, wage and social debts -€42,844
down €42,844 (-54.0%), from €79,379 to €36,534
of which Taxes: -€42,844
- Gross operating margin +€35,563
up €35,563 (+4.3%), from €822,248 to €857,811
- Taxes +€11,122
up €11,122 (+5.5%), from €201,034 to €212,156
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €717,845 | €584,769 | -€133,076 | -18.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €717,845 | €584,769 | -€133,076 | -18.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €72,320 | €94,711 | +€22,391 | +31.0% |
| Trade receivables | 40 | €60,699 | €90,949 | +€30,250 | +49.8% |
| Other amounts receivable | 41 | €11,621 | €3,762 | -€7,859 | -67.6% |
| Current investments | 50/53 | €541,765 | €250,818 | -€290,947 | -53.7% |
| Cash at bank and in hand | 54/58 | €102,674 | €238,081 | +€135,408 | +131.9% |
| Deferred charges and accrued income | 490/1 | €1,087 | €1,158 | +€72 | +6.6% |
| Total equity and liabilities | 10/49 | €717,845 | €584,769 | -€133,076 | -18.5% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €699,245 | €566,169 | -€133,076 | -19.0% |
| Amounts payable within one year | 42/48 | €698,662 | €565,585 | -€133,076 | -19.0% |
| Trade debts | 44 | €872 | €896 | +€24 | +2.7% |
| Suppliers | 440/4 | €872 | €896 | +€24 | +2.7% |
| Taxes, remuneration and social security | 45 | €79,379 | €36,534 | -€42,844 | -54.0% |
| Taxes | 450/3 | €75,714 | €32,869 | -€42,844 | -56.6% |
| Remuneration and social security | 454/9 | €3,665 | €3,665 | = | 0.0% |
| Other amounts payable | 47/48 | €618,411 | €528,155 | -€90,256 | -14.6% |
| Accrued charges and deferred income | 492/3 | €583 | €583 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,118 | €0 | -€4,118 | -100.0% |
| Other operating charges | 640/8 | €1,706 | €573 | -€1,133 | -66.4% |
| Gross operating margin | 9900 | €822,248 | €857,811 | +€35,563 | +4.3% |
| Operating profit (loss) | 9901 | €816,424 | €857,238 | +€40,813 | +5.0% |
| Financial income | 75/76B | €3,379 | €5,370 | +€1,991 | +58.9% |
| Recurring financial income | 75 | €3,379 | €5,370 | +€1,991 | +58.9% |
| Financial charges | 65/66B | €96 | €97 | +€1 | +1.2% |
| Recurring financial charges | 65 | €96 | €97 | +€1 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €819,708 | €862,511 | +€42,803 | +5.2% |
| Income taxes | 67/77 | €201,034 | €212,156 | +€11,122 | +5.5% |
| Profit (loss) for the period | 9904 | €618,674 | €650,355 | +€31,681 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €618,674 | €650,355 | +€31,681 | +5.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.