Blouberg Management: 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.
Blouberg Management
Largest movements
- Current investments -€57,553
down €57,553 (-100%), from €57,553 to €0
- Cash +€16,885
up €16,885 (+16.6%), from €101,930 to €118,814
mainly Net result for the year (+€87,205) and Other debts (+€76,527)
- Receivables within one year -€11,896
down €11,896 (-37.7%), from €31,582 to €19,686
of which Trade receivables: -€11,895
- Tangible fixed assets -€5,015
down €5,015 (-47.6%), from €10,529 to €5,514
of which Furniture and vehicles: -€4,341
- Profit (loss) carried forward -€134,859
down €134,859 (-98.4%), from €137,063 to €2,205
- Other debts +€76,527
up €76,527 (+1,453%), from €5,266 to €81,793
- Gross operating margin +€29,568
up €29,568 (+35.1%), from €84,357 to €113,925
- Taxes +€6,952
up €6,952 (+41.2%), from €16,872 to €23,825
- Financial income +€1,907
up €1,907 (+118%), from €1,611 to €3,517
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 | €201,658 | €144,470 | -€57,189 | -28.4% |
| Fixed assets | 21/28 | €10,529 | €5,514 | -€5,015 | -47.6% |
| Tangible fixed assets | 22/27 | €10,529 | €5,514 | -€5,015 | -47.6% |
| Plant, machinery and equipment | 23 | €894 | €220 | -€673 | -75.3% |
| Furniture and vehicles | 24 | €9,635 | €5,294 | -€4,341 | -45.1% |
| Current assets | 29/58 | €191,130 | €138,956 | -€52,174 | -27.3% |
| Amounts receivable within one year | 40/41 | €31,582 | €19,686 | -€11,896 | -37.7% |
| Trade receivables | 40 | €31,581 | €19,686 | -€11,895 | -37.7% |
| Other amounts receivable | 41 | €1 | €0 | -€1 | -100% |
| Current investments | 50/53 | €57,553 | €0 | -€57,553 | -100% |
| Cash at bank and in hand | 54/58 | €101,930 | €118,814 | +€16,885 | +16.6% |
| Deferred charges and accrued income | 490/1 | €65 | €455 | +€391 | +601% |
| Total equity and liabilities | 10/49 | €201,658 | €144,470 | -€57,189 | -28.4% |
| Equity | 10/15 | €169,736 | €34,878 | -€134,859 | -79.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,173 | €30,173 | = | 0.0% |
| Distributable reserves | 133 | €30,173 | €30,173 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,063 | €2,205 | -€134,859 | -98.4% |
| Amounts payable | 17/49 | €31,922 | €109,592 | +€77,670 | +243% |
| Amounts payable within one year | 42/48 | €31,922 | €109,592 | +€77,670 | +243% |
| Trade debts | 44 | €771 | €705 | -€66 | -8.6% |
| Suppliers | 440/4 | €771 | €705 | -€66 | -8.6% |
| Taxes, remuneration and social security | 45 | €25,885 | €27,095 | +€1,210 | +4.7% |
| Taxes | 450/3 | €23,243 | €27,095 | +€3,852 | +16.6% |
| Remuneration and social security | 454/9 | €2,642 | €0 | -€2,642 | -100% |
| Other amounts payable | 47/48 | €5,266 | €81,793 | +€76,527 | +1,453% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,986 | €5,015 | +€29 | +0.6% |
| Other operating charges | 640/8 | €523 | €874 | +€351 | +67.2% |
| Gross operating margin | 9900 | €84,357 | €113,925 | +€29,568 | +35.1% |
| Operating profit (loss) | 9901 | €78,848 | €108,036 | +€29,188 | +37.0% |
| Financial income | 75/76B | €1,611 | €3,517 | +€1,907 | +118% |
| Recurring financial income | 75 | €1,611 | €3,517 | +€1,907 | +118% |
| Financial charges | 65/66B | €187 | €524 | +€337 | +180% |
| Recurring financial charges | 65 | €187 | €524 | +€337 | +180% |
| Profit (loss) for the period before taxes | 9903 | €80,272 | €111,029 | +€30,758 | +38.3% |
| Income taxes | 67/77 | €16,872 | €23,825 | +€6,952 | +41.2% |
| Profit (loss) for the period | 9904 | €63,400 | €87,205 | +€23,805 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,400 | €87,205 | +€23,805 | +37.5% |
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 30 October 2026 via checked.be.