BLU DIVINO: 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 DIVINO
Largest movements
- Receivables within one year +€7,644
up €7,644 (+253.6%), from €3,015 to €10,658
of which Trade receivables: +€7,764
- Deferred charges and accrued income +€1,102
up €1,102 (+62.0%), from €1,777 to €2,878
- Cash -€451
down €451 (-65.5%), from €688 to €238
mainly Receivables within one year (-€7,644) and Deferred charges and accrued income (-€1,102)
- Trade debts +€4,633
up €4,633 (+146.3%), from €3,166 to €7,798
- Profit (loss) carried forward +€2,170
up €2,170 (+73.4%), from -€2,956 to -€787
- Other debts +€881
up €881 (+1121.2%), from €79 to €960
- Accrued charges and deferred income +€400
new in 2025: €400
- Tax, wage and social debts +€211
up €211 (+110.4%), from €192 to €403
- Gross operating margin +€5,100
up €5,100, from -€1,991 to €3,109
- Depreciation -€777
no longer reported in 2025 (was €777)
- Taxes +€403
new in 2025: €403
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 | €5,480 | €13,774 | +€8,295 | +151.4% |
| Current assets | 29/58 | €5,480 | €13,774 | +€8,295 | +151.4% |
| Amounts receivable within one year | 40/41 | €3,015 | €10,658 | +€7,644 | +253.6% |
| Trade receivables | 40 | €2,644 | €10,407 | +€7,764 | +293.7% |
| Other amounts receivable | 41 | €371 | €251 | -€120 | -32.2% |
| Cash at bank and in hand | 54/58 | €688 | €238 | -€451 | -65.5% |
| Deferred charges and accrued income | 490/1 | €1,777 | €2,878 | +€1,102 | +62.0% |
| Total equity and liabilities | 10/49 | €5,480 | €13,774 | +€8,295 | +151.4% |
| Equity | 10/15 | €2,044 | €4,213 | +€2,170 | +106.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,956 | -€787 | +€2,170 | +73.4% |
| Amounts payable | 17/49 | €3,436 | €9,561 | +€6,125 | +178.3% |
| Amounts payable within one year | 42/48 | €3,436 | €9,161 | +€5,725 | +166.6% |
| Trade debts | 44 | €3,166 | €7,798 | +€4,633 | +146.3% |
| Suppliers | 440/4 | €3,166 | €7,798 | +€4,633 | +146.3% |
| Taxes, remuneration and social security | 45 | €192 | €403 | +€211 | +110.4% |
| Taxes | 450/3 | €192 | €403 | +€211 | +110.4% |
| Other amounts payable | 47/48 | €79 | €960 | +€881 | +1121.2% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €777 | - | -€777 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,991 | €3,109 | +€5,100 | |
| Operating profit (loss) | 9901 | -€3,156 | €2,709 | +€5,865 | |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €121 | €137 | +€15 | +12.7% |
| Recurring financial charges | 65 | €121 | €137 | +€15 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,264 | €2,573 | +€5,836 | |
| Income taxes | 67/77 | - | €403 | +€403 | |
| Profit (loss) for the period | 9904 | -€3,264 | €2,170 | +€5,433 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,264 | €2,170 | +€5,433 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.