BLAUWTECHNIEK: 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.
BLAUWTECHNIEK
Largest movements
- Cash -€752,363
down €752,363 (-98.4%), from €764,454 to €12,091
mainly Current investments (-€663,180) and Contributions, distributions and other (-€123,000)
- Current investments +€663,180
up €663,180 (+1150.0%), from €57,669 to €720,848
- Receivables after one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Tangible fixed assets +€42,350
up €42,350 (+1596.9%), from €2,652 to €45,002
of which Furniture and vehicles: +€43,234
- Receivables within one year +€13,183
up €13,183, from €0 to €13,183
of which Other amounts receivable: +€10,093
- Reserves -€118,000
down €118,000 (-16.6%), from €710,000 to €592,000
- Other debts +€67,470
up €67,470 (+138.2%), from €48,810 to €116,280
- Tax, wage and social debts -€30,003
down €30,003 (-67.8%), from €44,230 to €14,227
- Financial income -€415,197
down €415,197 (-97.9%), from €424,187 to €8,990
of which Non-recurring financial income: -€419,000
- Gross operating margin -€179,022
down €179,022 (-91.8%), from €195,001 to €15,978
- Taxes -€83,792
down €83,792 (-88.7%), from €94,505 to €10,712
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.
Cash bridge derived
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 | €875,223 | €796,358 | -€78,864 | -9.0% |
| Fixed assets | 21/28 | €2,652 | €45,002 | +€42,350 | +1596.9% |
| Tangible fixed assets | 22/27 | €2,652 | €45,002 | +€42,350 | +1596.9% |
| Plant, machinery and equipment | 23 | €2,652 | €1,768 | -€884 | -33.3% |
| Furniture and vehicles | 24 | €0 | €43,234 | +€43,234 | |
| Current assets | 29/58 | €872,571 | €751,356 | -€121,215 | -13.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100.0% |
| Trade receivables | 290 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €0 | €13,183 | +€13,183 | |
| Trade receivables | 40 | €0 | €3,090 | +€3,090 | |
| Other amounts receivable | 41 | - | €10,093 | +€10,093 | |
| Current investments | 50/53 | €57,669 | €720,848 | +€663,180 | +1150.0% |
| Cash at bank and in hand | 54/58 | €764,454 | €12,091 | -€752,363 | -98.4% |
| Deferred charges and accrued income | 490/1 | €448 | €5,234 | +€4,785 | +1067.1% |
| Total equity and liabilities | 10/49 | €875,223 | €796,358 | -€78,864 | -9.0% |
| Equity | 10/15 | €782,088 | €665,352 | -€116,737 | -14.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €710,000 | €592,000 | -€118,000 | -16.6% |
| Distributable reserves | 133 | €710,000 | €592,000 | -€118,000 | -16.6% |
| Profit (loss) carried forward | 14 | €52,088 | €53,352 | +€1,263 | +2.4% |
| Amounts payable | 17/49 | €93,135 | €131,007 | +€37,872 | +40.7% |
| Amounts payable within one year | 42/48 | €93,135 | €131,007 | +€37,872 | +40.7% |
| Trade debts | 44 | €95 | €500 | +€405 | +424.1% |
| Suppliers | 440/4 | €95 | €500 | +€405 | +424.1% |
| Taxes, remuneration and social security | 45 | €44,230 | €14,227 | -€30,003 | -67.8% |
| Taxes | 450/3 | €44,230 | €14,227 | -€30,003 | -67.8% |
| Other amounts payable | 47/48 | €48,810 | €116,280 | +€67,470 | +138.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,368 | €5,296 | -€1,072 | -16.8% |
| Other operating charges | 640/8 | €871 | €1,181 | +€310 | +35.5% |
| Gross operating margin | 9900 | €195,001 | €15,978 | -€179,022 | -91.8% |
| Operating profit (loss) | 9901 | €187,761 | €9,501 | -€178,260 | -94.9% |
| Financial income | 75/76B | €424,187 | €8,990 | -€415,197 | -97.9% |
| Recurring financial income | 75 | €5,187 | €8,990 | +€3,803 | +73.3% |
| Non-recurring financial income | 76B | €419,000 | €0 | -€419,000 | -100.0% |
| Financial charges | 65/66B | €409 | €1,515 | +€1,107 | +270.9% |
| Recurring financial charges | 65 | €409 | €1,515 | +€1,107 | +270.9% |
| Profit (loss) for the period before taxes | 9903 | €611,540 | €16,976 | -€594,564 | -97.2% |
| Income taxes | 67/77 | €94,505 | €10,712 | -€83,792 | -88.7% |
| Profit (loss) for the period | 9904 | €517,036 | €6,263 | -€510,772 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €517,036 | €6,263 | -€510,772 | -98.8% |
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 11 October 2026 via checked.be.