BLAUWE HEMEL: what changed
BLAUWE HEMEL
Largest movements
- Stocks and contracts +€3,163
up €3,163 (+15.1%), from €21,003 to €24,166
- Cash +€1,273
up €1,273 (+8.8%), from €14,449 to €15,722
mainly Trade debts (+€12,489) and Depreciation (+€1,238)
- Tangible fixed assets -€1,238
down €1,238 (-41.9%), from €2,956 to €1,718
of which Plant, machinery and equipment: -€1,000
- Trade debts +€12,489
up €12,489 (+128%), from €9,789 to €22,277
- Profit (loss) carried forward -€7,486
down €7,486 (-29.5%), from -€25,368 to -€32,854
- Tax, wage and social debts -€1,921
down €1,921 (-58.2%), from €3,298 to €1,377
of which Remuneration and social security: -€2,500
- Gross operating margin -€8,640
down €8,640, from €7,457 to -€1,183
- Other operating charges -€201
down €201 (-6.4%), from €3,160 to €2,959
- Financial charges +€201
up €201 (+10.9%), from €1,845 to €2,046
- Taxes -€80
down €80 (-57.1%), from €140 to €60
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,158 | €45,240 | +€3,082 | +7.3% |
| Fixed assets | 21/28 | €5,456 | €4,218 | -€1,238 | -22.7% |
| Tangible fixed assets | 22/27 | €2,956 | €1,718 | -€1,238 | -41.9% |
| Plant, machinery and equipment | 23 | €2,381 | €1,381 | -€1,000 | -42.0% |
| Other tangible fixed assets | 26 | €575 | €337 | -€238 | -41.4% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €36,702 | €41,022 | +€4,320 | +11.8% |
| Stocks and contracts in progress | 3 | €21,003 | €24,166 | +€3,163 | +15.1% |
| Stocks | 30/36 | €21,003 | €24,166 | +€3,163 | +15.1% |
| Amounts receivable within one year | 40/41 | €142 | €0 | -€142 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €142 | €0 | -€142 | -100% |
| Cash at bank and in hand | 54/58 | €14,449 | €15,722 | +€1,273 | +8.8% |
| Deferred charges and accrued income | 490/1 | €1,108 | €1,134 | +€26 | +2.4% |
| Total equity and liabilities | 10/49 | €42,158 | €45,240 | +€3,082 | +7.3% |
| Equity | 10/15 | €12,140 | €4,655 | -€7,486 | -61.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,909 | €18,909 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,049 | €17,049 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,368 | -€32,854 | -€7,486 | -29.5% |
| Amounts payable | 17/49 | €30,018 | €40,585 | +€10,568 | +35.2% |
| Amounts payable within one year | 42/48 | €30,018 | €40,585 | +€10,568 | +35.2% |
| Trade debts | 44 | €9,789 | €22,277 | +€12,489 | +128% |
| Suppliers | 440/4 | €9,789 | €22,277 | +€12,489 | +128% |
| Taxes, remuneration and social security | 45 | €3,298 | €1,377 | -€1,921 | -58.2% |
| Taxes | 450/3 | €798 | €1,377 | +€579 | +72.6% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €16,931 | €16,931 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,238 | €1,238 | = | 0.0% |
| Other operating charges | 640/8 | €3,160 | €2,959 | -€201 | -6.4% |
| Gross operating margin | 9900 | €7,457 | -€1,183 | -€8,640 | |
| Operating profit (loss) | 9901 | €3,059 | -€5,380 | -€8,439 | |
| Financial charges | 65/66B | €1,845 | €2,046 | +€201 | +10.9% |
| Recurring financial charges | 65 | €1,845 | €2,046 | +€201 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €1,214 | -€7,426 | -€8,640 | |
| Income taxes | 67/77 | €140 | €60 | -€80 | -57.1% |
| Profit (loss) for the period | 9904 | €1,074 | -€7,486 | -€8,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,074 | -€7,486 | -€8,560 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.