BLAUWGRAS: 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.
BLAUWGRAS
Largest movements
- Receivables within one year -€6,573
down €6,573 (-34.9%), from €18,838 to €12,265
of which Trade receivables: -€6,713
- Cash +€2,389
up €2,389 (+8.9%), from €26,962 to €29,351
mainly Receivables within one year (+€6,573) and Net result for the year (+€5,138)
- Tangible fixed assets -€1,984
down €1,984 (-29.2%), from €6,801 to €4,817
of which Furniture and vehicles: -€1,441
- Stocks and contracts -€1,877
down €1,877 (-22.9%), from €8,204 to €6,328
- Other debts -€11,354
down €11,354 (-55.4%), from €20,504 to €9,150
- Profit (loss) carried forward +€5,138
up €5,138 (+19.1%), from -€26,846 to -€21,708
- Trade debts -€1,190
down €1,190 (-9.1%), from €13,013 to €11,823
- Gross operating margin -€9,595
down €9,595 (-44.4%), from €21,609 to €12,013
- Depreciation -€5,005
down €5,005 (-56.5%), from €8,853 to €3,848
- Financial income -€2,238
down €2,238 (-100.0%), from €2,239 to €1
- Financial charges -€593
down €593 (-33.7%), from €1,761 to €1,168
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 | €66,243 | €58,331 | -€7,912 | -11.9% |
| Fixed assets | 21/28 | €6,801 | €4,817 | -€1,984 | -29.2% |
| Tangible fixed assets | 22/27 | €6,801 | €4,817 | -€1,984 | -29.2% |
| Land and buildings | 22 | €2,858 | €1,995 | -€864 | -30.2% |
| Plant, machinery and equipment | 23 | €2,501 | €2,822 | +€321 | +12.8% |
| Furniture and vehicles | 24 | €1,441 | - | -€1,441 | |
| Current assets | 29/58 | €59,442 | €53,515 | -€5,928 | -10.0% |
| Stocks and contracts in progress | 3 | €8,204 | €6,328 | -€1,877 | -22.9% |
| Stocks | 30/36 | €8,204 | €6,328 | -€1,877 | -22.9% |
| Amounts receivable within one year | 40/41 | €18,838 | €12,265 | -€6,573 | -34.9% |
| Trade receivables | 40 | €12,909 | €6,196 | -€6,713 | -52.0% |
| Other amounts receivable | 41 | €5,929 | €6,069 | +€140 | +2.4% |
| Cash at bank and in hand | 54/58 | €26,962 | €29,351 | +€2,389 | +8.9% |
| Deferred charges and accrued income | 490/1 | €5,438 | €5,571 | +€134 | +2.5% |
| Total equity and liabilities | 10/49 | €66,243 | €58,331 | -€7,912 | -11.9% |
| Equity | 10/15 | €32,220 | €37,358 | +€5,138 | +15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,866 | €52,866 | = | 0.0% |
| Distributable reserves | 133 | €52,866 | €52,866 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,846 | -€21,708 | +€5,138 | +19.1% |
| Amounts payable | 17/49 | €34,023 | €20,973 | -€13,050 | -38.4% |
| Amounts payable within one year | 42/48 | €34,023 | €20,973 | -€13,050 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €506 | - | -€506 | |
| Trade debts | 44 | €13,013 | €11,823 | -€1,190 | -9.1% |
| Suppliers | 440/4 | €13,013 | €11,823 | -€1,190 | -9.1% |
| Other amounts payable | 47/48 | €20,504 | €9,150 | -€11,354 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,853 | €3,848 | -€5,005 | -56.5% |
| Other operating charges | 640/8 | €644 | €660 | +€16 | +2.4% |
| Non-recurring operating charges | 66A | - | €1,200 | +€1,200 | |
| Gross operating margin | 9900 | €21,609 | €12,013 | -€9,595 | -44.4% |
| Operating profit (loss) | 9901 | €12,111 | €6,305 | -€5,806 | -47.9% |
| Financial income | 75/76B | €2,239 | €1 | -€2,238 | -100.0% |
| Recurring financial income | 75 | €2,239 | €1 | -€2,238 | -100.0% |
| Financial charges | 65/66B | €1,761 | €1,168 | -€593 | -33.7% |
| Recurring financial charges | 65 | €1,761 | €1,168 | -€593 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €12,589 | €5,138 | -€7,451 | -59.2% |
| Income taxes | 67/77 | €160 | - | -€160 | |
| Profit (loss) for the period | 9904 | €12,429 | €5,138 | -€7,291 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,429 | €5,138 | -€7,291 | -58.7% |
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 15 October 2026 via checked.be.