Bleu Inc: 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.
Bleu Inc
Largest movements
- Financial fixed assets +€650,000
new in 2025: €650,000
- Cash +€17,960
up €17,960 (+629%), from €2,853 to €20,813
mainly Debts after one year (+€521,869) and Current portion of long-term debt (+€66,957)
- Tangible fixed assets +€17,689
up €17,689 (+3.6%), from €496,465 to €514,155
of which Land and buildings: +€19,355
- Receivables within one year -€17,074
down €17,074 (-43.7%), from €39,037 to €21,963
of which Trade receivables: -€17,067
- Debts after one year +€521,869
up €521,869 (+160%), from €325,369 to €847,239
- Current portion of long-term debt +€66,957
up €66,957 (+284%), from €23,574 to €90,531
- Other debts +€28,450
up €28,450 (+46.5%), from €61,209 to €89,659
- Provisions +€23,593
new in 2025: €23,593
- Gross operating margin +€27,956
up €27,956 (+30.9%), from €90,503 to €118,459
- Provisions +€23,593
new in 2025: €23,593
- Financial charges +€21,395
up €21,395 (+253%), from €8,453 to €29,848
- Depreciation +€18,349
up €18,349 (+89.4%), from €20,525 to €38,874
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 | €538,355 | €1,207,537 | +€669,182 | +124% |
| Fixed assets | 21/28 | €496,465 | €1,164,155 | +€667,689 | +134% |
| Tangible fixed assets | 22/27 | €496,465 | €514,155 | +€17,689 | +3.6% |
| Land and buildings | 22 | €491,148 | €510,503 | +€19,355 | +3.9% |
| Furniture and vehicles | 24 | €5,318 | €3,651 | -€1,666 | -31.3% |
| Financial fixed assets | 28 | - | €650,000 | +€650,000 | |
| Current assets | 29/58 | €41,890 | €43,382 | +€1,492 | +3.6% |
| Amounts receivable within one year | 40/41 | €39,037 | €21,963 | -€17,074 | -43.7% |
| Trade receivables | 40 | €39,029 | €21,963 | -€17,067 | -43.7% |
| Other amounts receivable | 41 | €7 | €0 | -€7 | -100% |
| Cash at bank and in hand | 54/58 | €2,853 | €20,813 | +€17,960 | +629% |
| Deferred charges and accrued income | 490/1 | - | €606 | +€606 | |
| Total equity and liabilities | 10/49 | €538,355 | €1,207,537 | +€669,182 | +124% |
| Equity | 10/15 | €91,401 | €102,722 | +€11,321 | +12.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,401 | €101,722 | +€11,321 | +12.5% |
| Provisions and deferred taxes | 16 | - | €23,593 | +€23,593 | |
| Provisions for liabilities and charges | 160/5 | - | €23,593 | +€23,593 | |
| Other liabilities and charges | 164/5 | - | €23,593 | +€23,593 | |
| Amounts payable | 17/49 | €446,955 | €1,081,222 | +€634,268 | +142% |
| Amounts payable after more than one year | 17 | €325,369 | €847,239 | +€521,869 | +160% |
| Financial debts | 170/4 | €325,369 | €847,239 | +€521,869 | +160% |
| Amounts payable within one year | 42/48 | €121,585 | €231,359 | +€109,774 | +90.3% |
| Current portion of amounts payable after more than one year | 42 | €23,574 | €90,531 | +€66,957 | +284% |
| Trade debts | 44 | €7,885 | €16,365 | +€8,480 | +108% |
| Suppliers | 440/4 | €7,885 | €16,365 | +€8,480 | +108% |
| Taxes, remuneration and social security | 45 | €28,918 | €34,804 | +€5,886 | +20.4% |
| Taxes | 450/3 | €28,918 | €34,804 | +€5,886 | +20.4% |
| Other amounts payable | 47/48 | €61,209 | €89,659 | +€28,450 | +46.5% |
| Accrued charges and deferred income | 492/3 | - | €2,625 | +€2,625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,525 | €38,874 | +€18,349 | +89.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €23,593 | +€23,593 | |
| Other operating charges | 640/8 | €1,708 | €2,768 | +€1,060 | +62.1% |
| Gross operating margin | 9900 | €90,503 | €118,459 | +€27,956 | +30.9% |
| Operating profit (loss) | 9901 | €68,271 | €53,225 | -€15,046 | -22.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €8,453 | €29,848 | +€21,395 | +253% |
| Recurring financial charges | 65 | €8,453 | €29,848 | +€21,395 | +253% |
| Profit (loss) for the period before taxes | 9903 | €59,818 | €23,379 | -€36,438 | -60.9% |
| Income taxes | 67/77 | €12,295 | €12,058 | -€237 | -1.9% |
| Profit (loss) for the period | 9904 | €47,523 | €11,321 | -€36,201 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,523 | €11,321 | -€36,201 | -76.2% |
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 17 October 2026 via checked.be.