BLU AGENCIES: what changed
Two fiscal 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.
BLU AGENCIES
Largest movements
- Cash +€92,533
up €92,533 (+45.5%), from €203,228 to €295,761
mainly Net result for the year (+€104,569) and Receivables after one year (+€44,150)
- Receivables after one year -€44,150
down €44,150 (-100.0%), from €44,150 to €0
- Receivables within one year -€42,452
down €42,452 (-81.6%), from €52,029 to €9,577
of which Trade receivables: -€45,999
- Tangible fixed assets +€37,053
up €37,053 (+39.1%), from €94,747 to €131,800
of which Furniture and vehicles: +€40,442
- Profit (loss) carried forward +€29,279
up €29,279, from -€29,279 to €0
- Trade debts -€14,369
down €14,369 (-69.4%), from €20,707 to €6,339
- Reserves +€10,711
up €10,711 (+2.6%), from €418,780 to €429,491
of which Distributable reserves: +€10,711
- Tax, wage and social debts +€9,566
up €9,566 (+65.4%), from €14,624 to €24,190
of which Taxes: +€7,802
- Other debts +€8,459
up €8,459 (+1516.0%), from €558 to €9,017
- Gross operating margin +€188,975
up €188,975 (+626.3%), from €30,171 to €219,146
- Taxes +€29,663
up €29,663 (+6824.3%), from €435 to €30,098
- Staff costs +€17,135
up €17,135 (+52.0%), from €32,935 to €50,071
- Depreciation +€4,609
up €4,609 (+17.2%), from €26,833 to €31,442
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.
Cash bridge derived
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 | €425,894 | €469,564 | +€43,670 | +10.3% |
| Fixed assets | 21/28 | €94,747 | €131,800 | +€37,053 | +39.1% |
| Tangible fixed assets | 22/27 | €94,747 | €131,800 | +€37,053 | +39.1% |
| Land and buildings | 22 | €55,569 | €51,401 | -€4,168 | -7.5% |
| Plant, machinery and equipment | 23 | €3,203 | €3,981 | +€779 | +24.3% |
| Furniture and vehicles | 24 | €35,975 | €76,417 | +€40,442 | +112.4% |
| Current assets | 29/58 | €331,147 | €337,764 | +€6,617 | +2.0% |
| Amounts receivable after more than one year | 29 | €44,150 | €0 | -€44,150 | -100.0% |
| Other amounts receivable | 291 | €44,150 | €0 | -€44,150 | -100.0% |
| Amounts receivable within one year | 40/41 | €52,029 | €9,577 | -€42,452 | -81.6% |
| Trade receivables | 40 | €51,574 | €5,574 | -€45,999 | -89.2% |
| Other amounts receivable | 41 | €455 | €4,003 | +€3,547 | +779.0% |
| Current investments | 50/53 | €31,582 | €31,791 | +€209 | +0.7% |
| Cash at bank and in hand | 54/58 | €203,228 | €295,761 | +€92,533 | +45.5% |
| Deferred charges and accrued income | 490/1 | €158 | €636 | +€477 | +301.8% |
| Total equity and liabilities | 10/49 | €425,894 | €469,564 | +€43,670 | +10.3% |
| Equity | 10/15 | €389,501 | €429,491 | +€39,989 | +10.3% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €418,780 | €429,491 | +€10,711 | +2.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €418,780 | €429,491 | +€10,711 | +2.6% |
| Profit (loss) carried forward | 14 | -€29,279 | €0 | +€29,279 | |
| Amounts payable | 17/49 | €36,393 | €40,073 | +€3,680 | +10.1% |
| Amounts payable within one year | 42/48 | €35,889 | €39,545 | +€3,656 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €20,707 | €6,339 | -€14,369 | -69.4% |
| Suppliers | 440/4 | €20,707 | €6,339 | -€14,369 | -69.4% |
| Taxes, remuneration and social security | 45 | €14,624 | €24,190 | +€9,566 | +65.4% |
| Taxes | 450/3 | €412 | €8,214 | +€7,802 | +1892.8% |
| Remuneration and social security | 454/9 | €14,212 | €15,976 | +€1,764 | +12.4% |
| Other amounts payable | 47/48 | €558 | €9,017 | +€8,459 | +1516.0% |
| Accrued charges and deferred income | 492/3 | €503 | €528 | +€24 | +4.8% |
| Remuneration, social security and pensions | 62 | €32,935 | €50,071 | +€17,135 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,833 | €31,442 | +€4,609 | +17.2% |
| Other operating charges | 640/8 | €417 | €1,004 | +€587 | +140.6% |
| Non-recurring operating charges | 66A | €105 | €1,279 | +€1,174 | +1117.0% |
| Gross operating margin | 9900 | €30,171 | €219,146 | +€188,975 | +626.3% |
| Operating profit (loss) | 9901 | -€30,120 | €135,350 | +€165,470 | |
| Financial income | 75/76B | €1,119 | €298 | -€821 | -73.4% |
| Recurring financial income | 75 | €1,119 | €298 | -€821 | -73.4% |
| Financial charges | 65/66B | €175 | €980 | +€806 | +461.4% |
| Recurring financial charges | 65 | €175 | €980 | +€806 | +461.4% |
| Profit (loss) for the period before taxes | 9903 | -€29,176 | €134,667 | +€163,843 | |
| Income taxes | 67/77 | €435 | €30,098 | +€29,663 | +6824.3% |
| Profit (loss) for the period | 9904 | -€29,611 | €104,569 | +€134,180 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,611 | €104,569 | +€134,180 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.