blauwberg: 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.
blauwberg
Largest movements
- Cash +€152,149
up €152,149 (+540.8%), from €28,135 to €180,284
mainly Deferred charges and accrued income (+€87,390) and Depreciation (+€77,456)
- Deferred charges and accrued income -€87,390
no longer reported in 2025 (was €87,390)
- Receivables within one year +€21,016
up €21,016 (+116.4%), from €18,052 to €39,067
of which Trade receivables: +€26,029
- Intangible fixed assets +€14,992
new in 2025: €14,992
- Tangible fixed assets +€12,431
up €12,431 (+1.7%), from €732,574 to €745,005
of which Leasing and similar rights: +€42,694
- Trade debts +€65,021
up €65,021 (+178.0%), from €36,534 to €101,555
- Profit (loss) carried forward +€45,801
up €45,801 (+54.1%), from €84,667 to €130,468
- Tax, wage and social debts -€15,720
down €15,720 (-23.3%), from €67,400 to €51,680
of which Remuneration and social security: -€32,619
- Current portion of long-term debt +€14,249
up €14,249 (+25.2%), from €56,576 to €70,825
- Gross operating margin +€191,481
up €191,481 (+32.6%), from €587,690 to €779,170
- Financial charges +€110,959
up €110,959 (+714.3%), from €15,534 to €126,493
- Staff costs +€22,765
up €22,765 (+4.7%), from €481,899 to €504,664
- Financial income -€17,043
down €17,043 (-83.1%), from €20,515 to €3,473
of which Financial income: -€17,159
- Taxes +€12,314
up €12,314 (+121.5%), from €10,132 to €22,446
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 | €922,571 | €1,026,768 | +€104,197 | +11.3% |
| Fixed assets | 21/28 | €732,574 | €759,997 | +€27,422 | +3.7% |
| Intangible fixed assets | 21 | - | €14,992 | +€14,992 | |
| Tangible fixed assets | 22/27 | €732,574 | €745,005 | +€12,431 | +1.7% |
| Land and buildings | 22 | €620,017 | €579,203 | -€40,815 | -6.6% |
| Plant, machinery and equipment | 23 | €90,997 | €105,474 | +€14,478 | +15.9% |
| Furniture and vehicles | 24 | €21,561 | €17,634 | -€3,927 | -18.2% |
| Leasing and similar rights | 25 | - | €42,694 | +€42,694 | |
| Current assets | 29/58 | €189,996 | €266,771 | +€76,775 | +40.4% |
| Stocks and contracts in progress | 3 | €56,420 | €47,420 | -€9,000 | -16.0% |
| Stocks | 30/36 | €56,420 | €47,420 | -€9,000 | -16.0% |
| Amounts receivable within one year | 40/41 | €18,052 | €39,067 | +€21,016 | +116.4% |
| Trade receivables | 40 | €13,038 | €39,067 | +€26,029 | +199.6% |
| Other amounts receivable | 41 | €5,013 | - | -€5,013 | |
| Cash at bank and in hand | 54/58 | €28,135 | €180,284 | +€152,149 | +540.8% |
| Deferred charges and accrued income | 490/1 | €87,390 | - | -€87,390 | |
| Total equity and liabilities | 10/49 | €922,571 | €1,026,768 | +€104,197 | +11.3% |
| Equity | 10/15 | €85,967 | €131,768 | +€45,801 | +53.3% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Contributions outside capital | 11 | €1,200 | - | -€1,200 | |
| Other | 1109/19 | €1,200 | - | -€1,200 | |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,667 | €130,468 | +€45,801 | +54.1% |
| Amounts payable | 17/49 | €836,604 | €895,000 | +€58,396 | +7.0% |
| Amounts payable after more than one year | 17 | €670,474 | €670,940 | +€467 | +0.1% |
| Financial debts | 170/4 | €670,474 | €670,940 | +€467 | +0.1% |
| Amounts payable within one year | 42/48 | €166,130 | €224,060 | +€57,930 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €56,576 | €70,825 | +€14,249 | +25.2% |
| Trade debts | 44 | €36,534 | €101,555 | +€65,021 | +178.0% |
| Suppliers | 440/4 | €36,534 | €101,555 | +€65,021 | +178.0% |
| Taxes, remuneration and social security | 45 | €67,400 | €51,680 | -€15,720 | -23.3% |
| Taxes | 450/3 | €16,371 | €33,270 | +€16,899 | +103.2% |
| Remuneration and social security | 454/9 | €51,029 | €18,409 | -€32,619 | -63.9% |
| Other amounts payable | 47/48 | €5,621 | - | -€5,621 | |
| Non-recurring operating income | 76A | €8,485 | - | -€8,485 | |
| Remuneration, social security and pensions | 62 | €481,899 | €504,664 | +€22,765 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,556 | €77,456 | -€100 | -0.1% |
| Other operating charges | 640/8 | €4,952 | €5,782 | +€830 | +16.8% |
| Gross operating margin | 9900 | €587,690 | €779,170 | +€191,481 | +32.6% |
| Operating profit (loss) | 9901 | €23,282 | €191,267 | +€167,985 | +721.5% |
| Financial income | 75/76B | €20,515 | €3,473 | -€17,043 | -83.1% |
| Recurring financial income | 75 | €20,515 | €3,356 | -€17,159 | -83.6% |
| Non-recurring financial income | 76B | - | €116 | +€116 | |
| Financial charges | 65/66B | €15,534 | €126,493 | +€110,959 | +714.3% |
| Recurring financial charges | 65 | €15,534 | €126,493 | +€110,959 | +714.3% |
| Profit (loss) for the period before taxes | 9903 | €28,264 | €68,247 | +€39,983 | +141.5% |
| Income taxes | 67/77 | €10,132 | €22,446 | +€12,314 | +121.5% |
| Profit (loss) for the period | 9904 | €18,132 | €45,801 | +€27,669 | +152.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,132 | €45,801 | +€27,669 | +152.6% |
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 10 October 2026 via checked.be.