BLAUWVOET LO: 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.
BLAUWVOET LO
Largest movements
- Tangible fixed assets +€317,833
up €317,833 (+34.3%), from €926,119 to €1.2m
of which Land and buildings: +€281,187
- Cash +€149,442
up €149,442 (+229%), from €65,400 to €214,842
mainly Debts after one year (+€181,555) and Net result for the year (+€142,648)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Debts after one year +€181,555
up €181,555 (+85.6%), from €212,000 to €393,555
- Reserves +€140,998
up €140,998 (+20.2%), from €696,405 to €837,404
of which Distributable reserves: +€140,998
- Other debts +€20,908
up €20,908 (+15.7%), from €132,908 to €153,815
- Gross operating margin +€244,360
up €244,360 (+392%), from €62,332 to €306,692
- Taxes +€57,296
up €57,296 (+2,230%), from €2,569 to €59,865
- Depreciation +€52,513
up €52,513 (+151%), from €34,696 to €87,209
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 | €1,121,210 | €1,481,413 | +€360,203 | +32.1% |
| Fixed assets | 21/28 | €926,119 | €1,243,952 | +€317,833 | +34.3% |
| Tangible fixed assets | 22/27 | €926,119 | €1,243,952 | +€317,833 | +34.3% |
| Land and buildings | 22 | €913,077 | €1,194,264 | +€281,187 | +30.8% |
| Plant, machinery and equipment | 23 | €1,890 | €3,646 | +€1,756 | +92.9% |
| Furniture and vehicles | 24 | €11,152 | €46,042 | +€34,890 | +313% |
| Current assets | 29/58 | €195,091 | €237,461 | +€42,371 | +21.7% |
| Amounts receivable within one year | 40/41 | €27,274 | €18,693 | -€8,581 | -31.5% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €15,174 | €6,593 | -€8,581 | -56.6% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €65,400 | €214,842 | +€149,442 | +229% |
| Deferred charges and accrued income | 490/1 | €2,418 | €3,927 | +€1,509 | +62.4% |
| Total equity and liabilities | 10/49 | €1,121,210 | €1,481,413 | +€360,203 | +32.1% |
| Equity | 10/15 | €708,805 | €849,804 | +€140,998 | +19.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €696,405 | €837,404 | +€140,998 | +20.2% |
| 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 | €694,545 | €835,544 | +€140,998 | +20.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €412,404 | €631,610 | +€219,205 | +53.2% |
| Amounts payable after more than one year | 17 | €212,000 | €393,555 | +€181,555 | +85.6% |
| Financial debts | 170/4 | €212,000 | €393,555 | +€181,555 | +85.6% |
| Amounts payable within one year | 42/48 | €199,417 | €236,169 | +€36,753 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €58,809 | €62,445 | +€3,636 | +6.2% |
| Trade debts | 44 | €1,450 | €13,175 | +€11,725 | +809% |
| Suppliers | 440/4 | €1,450 | €13,175 | +€11,725 | +809% |
| Taxes, remuneration and social security | 45 | €6,251 | €6,735 | +€484 | +7.7% |
| Taxes | 450/3 | €4,451 | €4,935 | +€484 | +10.9% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €132,908 | €153,815 | +€20,908 | +15.7% |
| Accrued charges and deferred income | 492/3 | €988 | €1,885 | +€897 | +90.7% |
| Non-recurring operating income | 76A | €13,000 | €0 | -€13,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,696 | €87,209 | +€52,513 | +151% |
| Other operating charges | 640/8 | €4,840 | €4,479 | -€362 | -7.5% |
| Gross operating margin | 9900 | €62,332 | €306,692 | +€244,360 | +392% |
| Operating profit (loss) | 9901 | €22,796 | €215,004 | +€192,208 | +843% |
| Financial income | 75/76B | €1,780 | €1,640 | -€141 | -7.9% |
| Recurring financial income | 75 | €1,780 | €1,640 | -€141 | -7.9% |
| Financial charges | 65/66B | €14,116 | €14,131 | +€15 | +0.1% |
| Recurring financial charges | 65 | €14,116 | €14,131 | +€15 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €10,460 | €202,513 | +€192,053 | +1,836% |
| Income taxes | 67/77 | €2,569 | €59,865 | +€57,296 | +2,230% |
| Profit (loss) for the period | 9904 | €7,891 | €142,648 | +€134,757 | +1,708% |
| Profit (loss) for the period to be appropriated | 9905 | €7,891 | €142,648 | +€134,757 | +1,708% |
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 31 October 2026 via checked.be.