Blauwe Hoek: what changed
What changed
Blauwe Hoek
filed annual accounts (NBB)
Net result for the year
€38,535
2024 · -€5,461+€43,996
Equity
€471,643
2024 · €433,108+€38,535
Cash
€61,871
2024 · €0+€61,871
Balance sheet total
€597,781
2024 · €5.5m-€4.9m
Largest movements
Assets
- Stocks and contracts -€5.0m
down €5.0m (-96.3%), from €5.2m to €192,508
- Cash +€61,871
up €61,871, from €0 to €61,871
mainly Stocks and contracts (+€5.0m) and Trade debts (+€75,182)
Equity and liabilities
- Debts after one year -€4.8m
down €4.8m (-100%), from €4.8m to €0
- Accrued charges and deferred income -€232,405
down €232,405 (-99.0%), from €234,729 to €2,324
- Trade debts +€75,182
up €75,182 (+185%), from €40,609 to €115,791
Income statement
- Turnover +€5.3m
new in 2025: €5.3m
- Other operating income -€1.7m
down €1.7m (-99.8%), from €1.7m to €4,139
- Services and other goods -€567,937
down €567,937 (-91.8%), from €618,450 to €50,513
- Goods and materials +€110,174
up €110,174 (+400%), from €27,510 to €137,684
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.
Result 2024
-€5,461
Turnover
+€5.3m
Other operating income
-€1.7m
Goods and materials
-€110,174
Services and other goods
+€567,937
Other operating charges
-€540
Other operating items
-€4.1m
Financial income
+€66
Financial charges
+€442
Taxes
-€8,023
Result 2025
€38,535
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.9m
Investment
€0
Financing
-€4.8m
Cash 2024
€0
From operations (derived)
+€4.9m
Net result for the year
+€38,535
Stocks and contracts
+€5.0m
Receivables within one year
-€47,235
Deferred charges and accrued income
+€24,778
Trade debts
+€75,182
Tax, wage and social debts
+€8,023
Accrued charges and deferred income
-€232,405
Financing
-€4.8m
Debts after one year
-€4.8m
Short-term financial debts
-€1,647
Cash 2025
€61,871
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,546,093 | €597,781 | -€4.9m | -89.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €5,546,093 | €597,781 | -€4.9m | -89.2% |
| Stocks and contracts in progress | 3 | €5,225,148 | €192,508 | -€5.0m | -96.3% |
| Stocks | 30/36 | €5,225,148 | €192,508 | -€5.0m | -96.3% |
| Property held for sale | 35 | €5,225,148 | €192,508 | -€5.0m | -96.3% |
| Amounts receivable within one year | 40/41 | €294,358 | €341,593 | +€47,235 | +16.0% |
| Trade receivables | 40 | €294,358 | €323,593 | +€29,235 | +9.9% |
| Other amounts receivable | 41 | - | €18,000 | +€18,000 | |
| Cash at bank and in hand | 54/58 | €0 | €61,871 | +€61,871 | |
| Deferred charges and accrued income | 490/1 | €26,587 | €1,809 | -€24,778 | -93.2% |
| Total equity and liabilities | 10/49 | €5,546,093 | €597,781 | -€4.9m | -89.2% |
| Equity | 10/15 | €433,108 | €471,643 | +€38,535 | +8.9% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Uncalled capital | 101 | €0 | - | = | |
| Reserves | 13 | - | €1,082 | +€1,082 | |
| Non-distributable reserves | 130/1 | - | €1,082 | +€1,082 | |
| Legal reserve | 130 | - | €1,082 | +€1,082 | |
| Profit (loss) carried forward | 14 | -€16,892 | €20,561 | +€37,453 | |
| Amounts payable | 17/49 | €5,112,985 | €126,138 | -€5.0m | -97.5% |
| Amounts payable after more than one year | 17 | €4,836,000 | €0 | -€4.8m | -100% |
| Financial debts | 170/4 | €4,836,000 | €0 | -€4.8m | -100% |
| Credit institutions | 173 | €3,500,000 | €0 | -€3.5m | -100% |
| Other loans | 174 | €1,336,000 | €0 | -€1.3m | -100% |
| Amounts payable within one year | 42/48 | €42,256 | €123,814 | +€81,558 | +193% |
| Financial debts | 43 | €1,647 | €0 | -€1,647 | -100% |
| Credit institutions | 430/8 | €1,647 | €0 | -€1,647 | -100% |
| Trade debts | 44 | €40,609 | €115,791 | +€75,182 | +185% |
| Suppliers | 440/4 | €40,609 | €115,791 | +€75,182 | +185% |
| Taxes, remuneration and social security | 45 | - | €8,023 | +€8,023 | |
| Taxes | 450/3 | - | €8,023 | +€8,023 | |
| Accrued charges and deferred income | 492/3 | €234,729 | €2,324 | -€232,405 | -99.0% |
| Operating income | 70/76A | €643,130 | €237,418 | -€405,712 | -63.1% |
| Turnover | 70 | - | €5,329,320 | +€5.3m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,014,926 | -€5,096,041 | -€4.1m | -402% |
| Own construction capitalised | 72 | €0 | - | = | |
| Other operating income | 74 | €1,658,056 | €4,139 | -€1.7m | -99.8% |
| Operating charges | 60/66A | €647,201 | €189,978 | -€457,223 | -70.6% |
| Goods for resale, raw materials and consumables | 60 | €27,510 | €137,684 | +€110,174 | +400% |
| Purchases | 600/8 | €27,510 | €137,684 | +€110,174 | +400% |
| Services and other goods | 61 | €618,450 | €50,513 | -€567,937 | -91.8% |
| Other operating charges | 640/8 | €1,241 | €1,781 | +€540 | +43.5% |
| Operating profit (loss) | 9901 | -€4,071 | €47,440 | +€51,511 | |
| Financial income | 75/76B | - | €66 | +€66 | |
| Recurring financial income | 75 | - | €66 | +€66 | |
| Income from current assets | 751 | - | €66 | +€66 | |
| Financial charges | 65/66B | €1,389 | €947 | -€442 | -31.8% |
| Recurring financial charges | 65 | €1,389 | €947 | -€442 | -31.8% |
| Debt charges | 650 | €500 | €250 | -€250 | -50.0% |
| Other financial charges | 652/9 | €889 | €697 | -€192 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,461 | €46,558 | +€52,019 | |
| Income taxes | 67/77 | - | €8,023 | +€8,023 | |
| Taxes | 670/3 | - | €8,023 | +€8,023 | |
| Profit (loss) for the period | 9904 | -€5,461 | €38,535 | +€43,996 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,461 | €38,535 | +€43,996 |
Next steps
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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.