Bleu Noir Brut: 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 Noir Brut
Largest movements
- Receivables within one year -€8,877
down €8,877 (-75.8%), from €11,711 to €2,834
of which Trade receivables: -€6,383
- Deferred charges and accrued income +€2,795
new in 2025: €2,795
- Tangible fixed assets -€2,072
down €2,072 (-41.6%), from €4,984 to €2,912
of which Plant, machinery and equipment: -€1,832
- Intangible fixed assets -€1,470
no longer reported in 2025 (was €1,470)
- Profit (loss) carried forward -€18,133
down €18,133 (-201%), from -€9,006 to -€27,139
- Other debts +€9,737
up €9,737 (+47.4%), from €20,544 to €30,282
- Tax, wage and social debts -€1,525
no longer reported in 2025 (was €1,525)
- Trade debts +€392
up €392 (+19.8%), from €1,984 to €2,377
- Gross operating margin -€12,688
down €12,688 (-1,439%), from -€882 to -€13,569
- Staff costs -€5,225
no longer reported in 2025 (was €5,225)
- Depreciation -€994
down €994 (-21.9%), from €4,536 to €3,542
- Other operating charges +€668
up €668 (+248%), from €270 to €938
- Taxes -€301
no longer reported in 2025 (was €301)
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 | €19,047 | €9,519 | -€9,528 | -50.0% |
| Fixed assets | 21/28 | €6,455 | €2,912 | -€3,542 | -54.9% |
| Intangible fixed assets | 21 | €1,470 | - | -€1,470 | |
| Tangible fixed assets | 22/27 | €4,984 | €2,912 | -€2,072 | -41.6% |
| Plant, machinery and equipment | 23 | €4,475 | €2,644 | -€1,832 | -40.9% |
| Furniture and vehicles | 24 | €509 | €269 | -€241 | -47.2% |
| Current assets | 29/58 | €12,592 | €6,607 | -€5,985 | -47.5% |
| Amounts receivable within one year | 40/41 | €11,711 | €2,834 | -€8,877 | -75.8% |
| Trade receivables | 40 | €8,899 | €2,516 | -€6,383 | -71.7% |
| Other amounts receivable | 41 | €2,812 | €318 | -€2,494 | -88.7% |
| Cash at bank and in hand | 54/58 | €882 | €978 | +€96 | +10.9% |
| Deferred charges and accrued income | 490/1 | - | €2,795 | +€2,795 | |
| Total equity and liabilities | 10/49 | €19,047 | €9,519 | -€9,528 | -50.0% |
| Equity | 10/15 | -€5,006 | -€23,139 | -€18,133 | -362% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,006 | -€27,139 | -€18,133 | -201% |
| Amounts payable | 17/49 | €24,053 | €32,658 | +€8,605 | +35.8% |
| Amounts payable within one year | 42/48 | €24,053 | €32,658 | +€8,605 | +35.8% |
| Trade debts | 44 | €1,984 | €2,377 | +€392 | +19.8% |
| Suppliers | 440/4 | €1,984 | €2,377 | +€392 | +19.8% |
| Taxes, remuneration and social security | 45 | €1,525 | - | -€1,525 | |
| Remuneration and social security | 454/9 | €1,525 | - | -€1,525 | |
| Other amounts payable | 47/48 | €20,544 | €30,282 | +€9,737 | +47.4% |
| Remuneration, social security and pensions | 62 | €5,225 | - | -€5,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,536 | €3,542 | -€994 | -21.9% |
| Other operating charges | 640/8 | €270 | €938 | +€668 | +248% |
| Gross operating margin | 9900 | -€882 | -€13,569 | -€12,688 | -1,439% |
| Operating profit (loss) | 9901 | -€10,913 | -€18,050 | -€7,137 | -65.4% |
| Financial income | 75/76B | €34 | €5 | -€29 | -86.4% |
| Recurring financial income | 75 | €34 | €5 | -€29 | -86.4% |
| Financial charges | 65/66B | €203 | €88 | -€115 | -56.7% |
| Recurring financial charges | 65 | €203 | €88 | -€115 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,083 | -€18,133 | -€7,050 | -63.6% |
| Income taxes | 67/77 | €301 | - | -€301 | |
| Profit (loss) for the period | 9904 | -€11,384 | -€18,133 | -€6,749 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,384 | -€18,133 | -€6,749 | -59.3% |
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 25 October 2026 via checked.be.