Bleue Marine: 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.
Bleue Marine
Largest movements
- Cash -€102,700
down €102,700 (-100.0%), from €102,704 to €5
mainly Investment in fixed assets (net) (-€79,098) and Other debts (-€42,502)
- Tangible fixed assets +€70,243
up €70,243 (+1,147%), from €6,122 to €76,364
- Receivables within one year -€28,312
down €28,312 (-53.5%), from €52,873 to €24,561
of which Trade receivables: -€15,772
- Stocks and contracts +€10,000
new in 2025: €10,000
- Other debts -€42,502
down €42,502 (-47.4%), from €89,638 to €47,136
- Trade debts -€8,629
no longer reported in 2025 (was €8,629)
- Profit (loss) carried forward +€4,671
up €4,671 (+14.5%), from €32,127 to €36,797
- Tax, wage and social debts -€4,309
down €4,309 (-39.7%), from €10,846 to €6,537
- Gross operating margin -€40,777
down €40,777 (-85.3%), from €47,802 to €7,025
- Taxes -€10,583
down €10,583 (-93.1%), from €11,366 to €783
- Depreciation +€7,975
up €7,975 (+906%), from €880 to €8,855
- Other operating charges +€750
up €750 (+41.2%), from €1,818 to €2,568
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 | €161,699 | €110,930 | -€50,769 | -31.4% |
| Fixed assets | 21/28 | €6,122 | €76,364 | +€70,243 | +1,147% |
| Tangible fixed assets | 22/27 | €6,122 | €76,364 | +€70,243 | +1,147% |
| Furniture and vehicles | 24 | €6,122 | €76,364 | +€70,243 | +1,147% |
| Current assets | 29/58 | €155,578 | €34,566 | -€121,012 | -77.8% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Stocks | 30/36 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €52,873 | €24,561 | -€28,312 | -53.5% |
| Trade receivables | 40 | €16,332 | €561 | -€15,772 | -96.6% |
| Other amounts receivable | 41 | €36,541 | €24,000 | -€12,541 | -34.3% |
| Cash at bank and in hand | 54/58 | €102,704 | €5 | -€102,700 | -100.0% |
| Total equity and liabilities | 10/49 | €161,699 | €110,930 | -€50,769 | -31.4% |
| Equity | 10/15 | €52,587 | €57,257 | +€4,671 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,127 | €36,797 | +€4,671 | +14.5% |
| Amounts payable | 17/49 | €109,112 | €53,673 | -€55,440 | -50.8% |
| Amounts payable within one year | 42/48 | €109,112 | €53,673 | -€55,440 | -50.8% |
| Trade debts | 44 | €8,629 | - | -€8,629 | |
| Suppliers | 440/4 | €8,629 | - | -€8,629 | |
| Taxes, remuneration and social security | 45 | €10,846 | €6,537 | -€4,309 | -39.7% |
| Taxes | 450/3 | €10,846 | €6,537 | -€4,309 | -39.7% |
| Other amounts payable | 47/48 | €89,638 | €47,136 | -€42,502 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €880 | €8,855 | +€7,975 | +906% |
| Other operating charges | 640/8 | €1,818 | €2,568 | +€750 | +41.2% |
| Gross operating margin | 9900 | €47,802 | €7,025 | -€40,777 | -85.3% |
| Operating profit (loss) | 9901 | €45,104 | -€4,398 | -€49,502 | |
| Financial charges | 65/66B | €100 | €149 | +€49 | +49.1% |
| Recurring financial charges | 65 | €100 | €149 | +€49 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €45,004 | -€4,546 | -€49,551 | |
| Income taxes | 67/77 | €11,366 | €783 | -€10,583 | -93.1% |
| Profit (loss) for the period | 9904 | €33,639 | -€5,329 | -€38,968 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,639 | -€5,329 | -€38,968 |
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 19 October 2026 via checked.be.