BLAUWE REGEN: 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.
BLAUWE REGEN
Largest movements
- Tangible fixed assets +€86,846
up €86,846 (+259%), from €33,548 to €120,393
of which Other tangible fixed assets: +€70,456
- Current investments +€71,382
new in 2025: €71,382
- Cash -€7,097
no longer reported in 2025 (was €7,097)
mainly Investment in fixed assets (net) (-€98,136) and Current investments (-€71,382)
- Debts within one year +€173,278
up €173,278 (+306%), from €56,549 to €229,827
- Profit (loss) carried forward -€24,949
down €24,949 (-11.2%), from -€222,220 to -€247,169
- Gross operating margin -€89,984
down €89,984, from €79,213 to -€10,771
- Depreciation +€6,381
up €6,381 (+179%), from €3,556 to €9,937
- Financial charges -€4,854
down €4,854 (-58.7%), from €8,269 to €3,415
- Other operating charges +€825
new in 2025: €825
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 | €113,344 | €261,673 | +€148,330 | +131% |
| Fixed assets | 21/28 | €33,572 | €121,770 | +€88,199 | +263% |
| Intangible fixed assets | 21 | - | €1,377 | +€1,377 | |
| Tangible fixed assets | 22/27 | €33,548 | €120,393 | +€86,846 | +259% |
| Plant, machinery and equipment | 23 | €33,548 | €49,938 | +€16,390 | +48.9% |
| Other tangible fixed assets | 26 | - | €70,456 | +€70,456 | |
| Financial fixed assets | 28 | €24 | - | -€24 | |
| Current assets | 29/58 | €79,772 | €139,903 | +€60,131 | +75.4% |
| Stocks and contracts in progress | 3 | €11,838 | €9,338 | -€2,500 | -21.1% |
| Stocks | 30/36 | €11,838 | €9,338 | -€2,500 | -21.1% |
| Amounts receivable within one year | 40/41 | €59,521 | €58,403 | -€1,118 | -1.9% |
| Trade receivables | 40 | €22,265 | €31,436 | +€9,171 | +41.2% |
| Other amounts receivable | 41 | €37,257 | €26,967 | -€10,290 | -27.6% |
| Current investments | 50/53 | - | €71,382 | +€71,382 | |
| Cash at bank and in hand | 54/58 | €7,097 | - | -€7,097 | |
| Deferred charges and accrued income | 490/1 | €1,316 | €779 | -€536 | -40.8% |
| Total equity and liabilities | 10/49 | €113,344 | €261,673 | +€148,330 | +131% |
| Equity | 10/15 | -€222,220 | -€247,169 | -€24,949 | -11.2% |
| Profit (loss) carried forward | 14 | -€222,220 | -€247,169 | -€24,949 | -11.2% |
| Amounts payable | 17/49 | €335,564 | €508,842 | +€173,278 | +51.6% |
| Amounts payable after more than one year | 17 | €279,015 | €279,015 | = | 0.0% |
| Financial debts | 170/4 | €257,378 | €279,015 | +€21,638 | +8.4% |
| Other amounts payable | 178/9 | €21,638 | - | -€21,638 | |
| Amounts payable within one year | 42/48 | €56,549 | €229,827 | +€173,278 | +306% |
| Trade debts | 44 | €38,850 | €227,811 | +€188,960 | +486% |
| Suppliers | 440/4 | €38,850 | €227,811 | +€188,960 | +486% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,556 | €9,937 | +€6,381 | +179% |
| Other operating charges | 640/8 | - | €825 | +€825 | |
| Gross operating margin | 9900 | €79,213 | -€10,771 | -€89,984 | |
| Operating profit (loss) | 9901 | €75,657 | -€21,533 | -€97,190 | |
| Financial income | 75/76B | €139 | - | -€139 | |
| Recurring financial income | 75 | €139 | - | -€139 | |
| Financial charges | 65/66B | €8,269 | €3,415 | -€4,854 | -58.7% |
| Recurring financial charges | 65 | €8,269 | €3,415 | -€4,854 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €67,527 | -€24,949 | -€92,476 | |
| Income taxes | 67/77 | €480 | - | -€480 | |
| Profit (loss) for the period | 9904 | €67,046 | -€24,949 | -€91,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,046 | -€24,949 | -€91,995 |
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 25 October 2026 via checked.be.