Blauw erf: 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.
Blauw erf
Largest movements
- Tangible fixed assets +€164,757
up €164,757 (+35.9%), from €458,451 to €623,209
- Cash -€32,257
down €32,257 (-77.6%), from €41,549 to €9,291
mainly Investment in fixed assets (net) (-€164,757)
- Debts after one year +€84,800
up €84,800 (+28.3%), from €300,000 to €384,800
- Trade debts +€47,700
new in 2025: €47,700
- Gross operating margin +€1,493
up €1,493 (+131%), from €1,135 to €2,628
- Other operating charges +€1,418
up €1,418 (+125%), from €1,135 to €2,553
- Financial charges +€75
new in 2025: €75
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.
Derived cash bridge
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 | €500,000 | €632,500 | +€132,500 | +26.5% |
| Fixed assets | 21/28 | €458,451 | €623,209 | +€164,757 | +35.9% |
| Tangible fixed assets | 22/27 | €458,451 | €623,209 | +€164,757 | +35.9% |
| Land and buildings | 22 | €458,451 | €623,209 | +€164,757 | +35.9% |
| Current assets | 29/58 | €41,549 | €9,291 | -€32,257 | -77.6% |
| Cash at bank and in hand | 54/58 | €41,549 | €9,291 | -€32,257 | -77.6% |
| Total equity and liabilities | 10/49 | €500,000 | €632,500 | +€132,500 | +26.5% |
| Equity | 10/15 | €200,000 | €200,000 | = | 0.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable | 17/49 | €300,000 | €432,500 | +€132,500 | +44.2% |
| Amounts payable after more than one year | 17 | €300,000 | €384,800 | +€84,800 | +28.3% |
| Financial debts | 170/4 | €300,000 | €384,800 | +€84,800 | +28.3% |
| Amounts payable within one year | 42/48 | - | €47,700 | +€47,700 | |
| Trade debts | 44 | - | €47,700 | +€47,700 | |
| Suppliers | 440/4 | - | €47,700 | +€47,700 | |
| Other operating charges | 640/8 | €1,135 | €2,553 | +€1,418 | +125% |
| Gross operating margin | 9900 | €1,135 | €2,628 | +€1,493 | +131% |
| Operating profit (loss) | 9901 | €0 | €75 | +€75 | |
| Financial charges | 65/66B | - | €75 | +€75 | |
| Recurring financial charges | 65 | - | €75 | +€75 | |
| Profit (loss) for the period before taxes | 9903 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €0 | = |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.