BLU DISTRIBUTION: 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 DISTRIBUTION
Largest movements
- Cash -€12,290
down €12,290 (-33.7%), from €36,515 to €24,224
mainly Net result for the year (-€11,855) and Other debts (-€8,251)
- Tangible fixed assets -€8,192
down €8,192 (-33.3%), from €24,589 to €16,397
of which Leasing and similar rights: -€6,345
- Receivables within one year +€5,558
up €5,558 (+7.8%), from €71,328 to €76,885
of which Trade receivables: +€8,810
- Profit (loss) carried forward -€11,855
down €11,855 (-2.8%), from -€429,025 to -€440,880
- Other debts -€8,251
down €8,251 (-2.1%), from €400,654 to €392,403
- Debts after one year +€4,360
up €4,360 (+24.2%), from €18,013 to €22,374
- Tax, wage and social debts -€2,148
down €2,148 (-66.1%), from €3,251 to €1,104
- Trade debts +€1,932
up €1,932 (+5.7%), from €33,828 to €35,760
- Gross operating margin +€20,654
up €20,654 (+100.0%), from -€20,657 to -€4
- Depreciation -€1,464
down €1,464 (-12.2%), from €12,025 to €10,561
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 | €170,087 | €154,126 | -€15,961 | -9.4% |
| Fixed assets | 21/28 | €25,089 | €16,897 | -€8,192 | -32.7% |
| Tangible fixed assets | 22/27 | €24,589 | €16,397 | -€8,192 | -33.3% |
| Plant, machinery and equipment | 23 | €14,043 | €12,196 | -€1,847 | -13.2% |
| Furniture and vehicles | 24 | €4,201 | €4,201 | = | 0.0% |
| Leasing and similar rights | 25 | €6,345 | - | -€6,345 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €144,998 | €137,229 | -€7,768 | -5.4% |
| Stocks and contracts in progress | 3 | €37,156 | €36,120 | -€1,036 | -2.8% |
| Stocks | 30/36 | €37,156 | €36,120 | -€1,036 | -2.8% |
| Amounts receivable within one year | 40/41 | €71,328 | €76,885 | +€5,558 | +7.8% |
| Trade receivables | 40 | €68,076 | €76,885 | +€8,810 | +12.9% |
| Other amounts receivable | 41 | €3,252 | - | -€3,252 | |
| Cash at bank and in hand | 54/58 | €36,515 | €24,224 | -€12,290 | -33.7% |
| Total equity and liabilities | 10/49 | €170,087 | €154,126 | -€15,961 | -9.4% |
| Equity | 10/15 | -€410,425 | -€422,280 | -€11,855 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€429,025 | -€440,880 | -€11,855 | -2.8% |
| Amounts payable | 17/49 | €580,512 | €576,406 | -€4,106 | -0.7% |
| Amounts payable after more than one year | 17 | €18,013 | €22,374 | +€4,360 | +24.2% |
| Other amounts payable | 178/9 | €18,013 | €22,374 | +€4,360 | +24.2% |
| Amounts payable within one year | 42/48 | €562,498 | €554,032 | -€8,466 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €121,500 | €121,500 | = | 0.0% |
| Financial debts | 43 | €3,266 | €3,266 | = | 0.0% |
| Credit institutions | 430/8 | €3,266 | €3,266 | = | 0.0% |
| Trade debts | 44 | €33,828 | €35,760 | +€1,932 | +5.7% |
| Suppliers | 440/4 | €33,828 | €35,760 | +€1,932 | +5.7% |
| Taxes, remuneration and social security | 45 | €3,251 | €1,104 | -€2,148 | -66.1% |
| Taxes | 450/3 | €3,251 | €1,104 | -€2,148 | -66.1% |
| Other amounts payable | 47/48 | €400,654 | €392,403 | -€8,251 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,025 | €10,561 | -€1,464 | -12.2% |
| Other operating charges | 640/8 | €639 | €736 | +€96 | +15.1% |
| Gross operating margin | 9900 | -€20,657 | -€4 | +€20,654 | +100.0% |
| Operating profit (loss) | 9901 | -€33,321 | -€11,300 | +€22,021 | +66.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €562 | €556 | -€6 | -1.1% |
| Recurring financial charges | 65 | €562 | €556 | -€6 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€33,883 | -€11,855 | +€22,028 | +65.0% |
| Profit (loss) for the period | 9904 | -€33,883 | -€11,855 | +€22,028 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,883 | -€11,855 | +€22,028 | +65.0% |
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 8 October 2026 via checked.be.