BLEU MUSIC: what changed
BLEU MUSIC
Largest movements
- Cash -€52,866
down €52,866 (-95.6%), from €55,315 to €2,450
mainly Trade debts (-€28,583) and Tax, wage and social debts (-€24,453)
- Receivables within one year +€8,060
up €8,060 (+489%), from €1,647 to €9,707
of which Trade receivables: +€6,061
- Tangible fixed assets +€1,911
up €1,911 (+85.7%), from €2,229 to €4,140
of which Furniture and vehicles: +€2,294
- Deferred charges and accrued income +€1,500
new in 2025: €1,500
- Trade debts -€28,583
down €28,583 (-89.7%), from €31,861 to €3,278
- Tax, wage and social debts -€24,453
no longer reported in 2025 (was €24,453)
- Profit (loss) carried forward +€13,529
up €13,529 (+86.8%), from -€15,589 to -€2,060
- Other debts -€2,957
down €2,957 (-21.2%), from €13,951 to €10,993
- Accrued charges and deferred income +€835
up €835 (+111%), from €750 to €1,585
- Gross operating margin -€69,046
down €69,046 (-87.7%), from €78,771 to €9,725
- Other operating charges -€13,614
down €13,614 (-76.2%), from €17,866 to €4,251
- Taxes -€1,553
down €1,553 (-72.1%), from €2,153 to €600
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,426 | €17,796 | -€41,630 | -70.1% |
| Formation expenses | 20 | €235 | - | -€235 | |
| Fixed assets | 21/28 | €2,229 | €4,140 | +€1,911 | +85.7% |
| Tangible fixed assets | 22/27 | €2,229 | €4,140 | +€1,911 | +85.7% |
| Furniture and vehicles | 24 | - | €2,294 | +€2,294 | |
| Other tangible fixed assets | 26 | €2,229 | €1,846 | -€383 | -17.2% |
| Current assets | 29/58 | €56,962 | €13,656 | -€43,306 | -76.0% |
| Amounts receivable within one year | 40/41 | €1,647 | €9,707 | +€8,060 | +489% |
| Trade receivables | 40 | €1,647 | €7,708 | +€6,061 | +368% |
| Other amounts receivable | 41 | - | €1,999 | +€1,999 | |
| Cash at bank and in hand | 54/58 | €55,315 | €2,450 | -€52,866 | -95.6% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €59,426 | €17,796 | -€41,630 | -70.1% |
| Equity | 10/15 | -€11,589 | €1,940 | +€13,529 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,589 | -€2,060 | +€13,529 | +86.8% |
| Amounts payable | 17/49 | €71,015 | €15,856 | -€55,159 | -77.7% |
| Amounts payable within one year | 42/48 | €70,265 | €14,271 | -€55,994 | -79.7% |
| Trade debts | 44 | €31,861 | €3,278 | -€28,583 | -89.7% |
| Suppliers | 440/4 | €31,861 | €3,278 | -€28,583 | -89.7% |
| Taxes, remuneration and social security | 45 | €24,453 | - | -€24,453 | |
| Taxes | 450/3 | €24,453 | - | -€24,453 | |
| Other amounts payable | 47/48 | €13,951 | €10,993 | -€2,957 | -21.2% |
| Accrued charges and deferred income | 492/3 | €750 | €1,585 | +€835 | +111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,037 | €1,098 | +€62 | +5.9% |
| Other operating charges | 640/8 | €17,866 | €4,251 | -€13,614 | -76.2% |
| Gross operating margin | 9900 | €78,771 | €9,725 | -€69,046 | -87.7% |
| Operating profit (loss) | 9901 | €59,868 | €4,375 | -€55,493 | -92.7% |
| Financial charges | 65/66B | €36 | €376 | +€340 | +941% |
| Recurring financial charges | 65 | €36 | €376 | +€340 | +941% |
| Profit (loss) for the period before taxes | 9903 | €59,832 | €3,999 | -€55,833 | -93.3% |
| Income taxes | 67/77 | €2,153 | €600 | -€1,553 | -72.1% |
| Profit (loss) for the period | 9904 | €57,679 | €3,399 | -€54,280 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,679 | €3,399 | -€54,280 | -94.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.