Blauwbouw: 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.
Blauwbouw
Largest movements
- Receivables within one year +€21,979
up €21,979 (+279%), from €7,871 to €29,850
of which Trade receivables: +€28,956
- Tangible fixed assets -€4,897
down €4,897 (-2.3%), from €214,310 to €209,413
of which Land and buildings: -€4,633
- Profit (loss) carried forward +€18,176
no longer reported in 2025 (was -€18,176)
- Reserves +€9,248
up €9,248 (+7.7%), from €119,713 to €128,961
- Debts after one year -€7,969
down €7,969 (-5.9%), from €136,211 to €128,243
- Current portion of long-term debt -€6,667
down €6,667 (-45.6%), from €14,635 to €7,969
- Tax, wage and social debts +€3,103
up €3,103 (+54.6%), from €5,688 to €8,791
- Depreciation -€27,391
down €27,391 (-84.8%), from €32,287 to €4,897
- Gross operating margin +€23,119
up €23,119 (+113%), from €20,505 to €43,624
- Taxes +€3,977
up €3,977 (+3,083%), from €129 to €4,106
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 | €270,969 | €288,362 | +€17,393 | +6.4% |
| Fixed assets | 21/28 | €214,310 | €209,413 | -€4,897 | -2.3% |
| Tangible fixed assets | 22/27 | €214,310 | €209,413 | -€4,897 | -2.3% |
| Land and buildings | 22 | €214,046 | €209,413 | -€4,633 | -2.2% |
| Plant, machinery and equipment | 23 | €264 | - | -€264 | |
| Current assets | 29/58 | €56,660 | €78,949 | +€22,289 | +39.3% |
| Amounts receivable within one year | 40/41 | €7,871 | €29,850 | +€21,979 | +279% |
| Trade receivables | 40 | - | €28,956 | +€28,956 | |
| Other amounts receivable | 41 | €7,871 | €894 | -€6,977 | -88.6% |
| Cash at bank and in hand | 54/58 | €46,364 | €48,262 | +€1,898 | +4.1% |
| Deferred charges and accrued income | 490/1 | €2,424 | €837 | -€1,588 | -65.5% |
| Total equity and liabilities | 10/49 | €270,969 | €288,362 | +€17,393 | +6.4% |
| Equity | 10/15 | €107,737 | €135,161 | +€27,424 | +25.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €119,713 | €128,961 | +€9,248 | +7.7% |
| Distributable reserves | 133 | €119,713 | €128,961 | +€9,248 | +7.7% |
| Profit (loss) carried forward | 14 | -€18,176 | - | +€18,176 | |
| Amounts payable | 17/49 | €163,232 | €153,201 | -€10,032 | -6.1% |
| Amounts payable after more than one year | 17 | €136,211 | €128,243 | -€7,969 | -5.9% |
| Financial debts | 170/4 | €136,211 | €128,243 | -€7,969 | -5.9% |
| Amounts payable within one year | 42/48 | €27,021 | €24,534 | -€2,487 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €14,635 | €7,969 | -€6,667 | -45.6% |
| Trade debts | 44 | €1,882 | €136 | -€1,746 | -92.8% |
| Suppliers | 440/4 | €1,882 | €136 | -€1,746 | -92.8% |
| Taxes, remuneration and social security | 45 | €5,688 | €8,791 | +€3,103 | +54.6% |
| Taxes | 450/3 | €5,688 | €8,791 | +€3,103 | +54.6% |
| Other amounts payable | 47/48 | €4,816 | €7,638 | +€2,822 | +58.6% |
| Accrued charges and deferred income | 492/3 | - | €424 | +€424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,287 | €4,897 | -€27,391 | -84.8% |
| Other operating charges | 640/8 | €551 | €389 | -€162 | -29.4% |
| Gross operating margin | 9900 | €20,505 | €43,624 | +€23,119 | +113% |
| Operating profit (loss) | 9901 | -€12,333 | €38,338 | +€50,671 | |
| Financial charges | 65/66B | €5,714 | €5,974 | +€260 | +4.6% |
| Recurring financial charges | 65 | €5,714 | €5,974 | +€260 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,047 | €32,364 | +€50,411 | |
| Income taxes | 67/77 | €129 | €4,106 | +€3,977 | +3,083% |
| Profit (loss) for the period | 9904 | -€18,176 | €28,257 | +€46,434 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,176 | €28,257 | +€46,434 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.