BLAUW MOMENT: 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 MOMENT
Largest movements
- Cash -€7,101
no longer reported in 2025 (was €7,101)
mainly Other debts (-€12,520) and Net result for the year (-€2,950)
- Tangible fixed assets +€1,833
up €1,833 (+38.9%), from €4,706 to €6,539
of which Plant, machinery and equipment: +€2,574
- Receivables within one year +€1,708
up €1,708 (+2.4%), from €70,585 to €72,294
of which Trade receivables: +€2,400
- Other debts -€12,520
down €12,520 (-11.3%), from €111,135 to €98,615
- Trade debts +€8,706
up €8,706 (+7,054%), from €123 to €8,830
- Short-term financial debts +€3,239
up €3,239 (+21.6%), from €15,000 to €18,239
- Profit (loss) carried forward -€2,950
down €2,950 (-3.7%), from -€78,825 to -€81,775
- Depreciation -€12,338
down €12,338 (-92.7%), from €13,313 to €975
- Gross operating margin -€5,508
down €5,508 (-85.0%), from €6,479 to €971
- Financial charges -€1,611
down €1,611 (-48.2%), from €3,342 to €1,731
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 | €82,623 | €79,133 | -€3,490 | -4.2% |
| Fixed assets | 21/28 | €4,706 | €6,539 | +€1,833 | +38.9% |
| Tangible fixed assets | 22/27 | €4,706 | €6,539 | +€1,833 | +38.9% |
| Plant, machinery and equipment | 23 | - | €2,574 | +€2,574 | |
| Furniture and vehicles | 24 | €2,691 | €1,950 | -€741 | -27.5% |
| Other tangible fixed assets | 26 | €2,014 | €2,014 | = | 0.0% |
| Current assets | 29/58 | €77,917 | €72,595 | -€5,323 | -6.8% |
| Amounts receivable within one year | 40/41 | €70,585 | €72,294 | +€1,708 | +2.4% |
| Trade receivables | 40 | €64,455 | €66,855 | +€2,400 | +3.7% |
| Other amounts receivable | 41 | €6,131 | €5,439 | -€692 | -11.3% |
| Cash at bank and in hand | 54/58 | €7,101 | - | -€7,101 | |
| Deferred charges and accrued income | 490/1 | €231 | €301 | +€70 | +30.6% |
| Total equity and liabilities | 10/49 | €82,623 | €79,133 | -€3,490 | -4.2% |
| Equity | 10/15 | -€43,925 | -€46,875 | -€2,950 | -6.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €15,900 | €15,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,825 | -€81,775 | -€2,950 | -3.7% |
| Amounts payable | 17/49 | €126,548 | €126,008 | -€540 | -0.4% |
| Amounts payable within one year | 42/48 | €126,548 | €126,008 | -€540 | -0.4% |
| Financial debts | 43 | €15,000 | €18,239 | +€3,239 | +21.6% |
| Credit institutions | 430/8 | €15,000 | €18,239 | +€3,239 | +21.6% |
| Trade debts | 44 | €123 | €8,830 | +€8,706 | +7,054% |
| Suppliers | 440/4 | €123 | €8,830 | +€8,706 | +7,054% |
| Taxes, remuneration and social security | 45 | €290 | €324 | +€35 | +11.9% |
| Taxes | 450/3 | €290 | €324 | +€35 | +11.9% |
| Other amounts payable | 47/48 | €111,135 | €98,615 | -€12,520 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,313 | €975 | -€12,338 | -92.7% |
| Other operating charges | 640/8 | €1,015 | €993 | -€22 | -2.1% |
| Gross operating margin | 9900 | €6,479 | €971 | -€5,508 | -85.0% |
| Operating profit (loss) | 9901 | -€7,849 | -€998 | +€6,851 | +87.3% |
| Financial charges | 65/66B | €3,342 | €1,731 | -€1,611 | -48.2% |
| Recurring financial charges | 65 | €3,342 | €1,731 | -€1,611 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,192 | -€2,729 | +€8,462 | +75.6% |
| Income taxes | 67/77 | €204 | €221 | +€17 | +8.4% |
| Profit (loss) for the period | 9904 | -€11,395 | -€2,950 | +€8,445 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,395 | -€2,950 | +€8,445 | +74.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.