BLU OAK: 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.
BLU OAK
Largest movements
- Receivables within one year -€31,761
down €31,761 (-8.1%), from €393,709 to €361,947
of which Trade receivables: -€29,929
- Cash +€13,784
up €13,784 (+1,735%), from €795 to €14,578
mainly Net result for the year (+€37,763) and Receivables within one year (+€31,761)
- Tangible fixed assets +€8,445
up €8,445 (+46.6%), from €18,125 to €26,569
of which Plant, machinery and equipment: +€5,449
- Profit (loss) carried forward +€37,763
up €37,763 (+16.3%), from €231,046 to €268,808
- Accrued charges and deferred income -€28,179
no longer reported in 2024 (was €28,179)
- Tax, wage and social debts -€19,588
down €19,588 (-89.4%), from €21,901 to €2,313
of which Remuneration and social security: -€19,588
- Gross operating margin +€17,767
up €17,767 (+77.8%), from €22,826 to €40,593
- Depreciation -€3,830
down €3,830 (-89.2%), from €4,295 to €465
- Taxes -€820
new in 2024: -€820
- Other operating charges +€613
up €613 (+198%), from €310 to €924
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €431,623 | €422,090 | -€9,533 | -2.2% |
| Fixed assets | 21/28 | €37,120 | €45,564 | +€8,445 | +22.7% |
| Tangible fixed assets | 22/27 | €18,125 | €26,569 | +€8,445 | +46.6% |
| Plant, machinery and equipment | 23 | €1,682 | €7,131 | +€5,449 | +324% |
| Furniture and vehicles | 24 | €2,294 | €5,290 | +€2,996 | +131% |
| Other tangible fixed assets | 26 | €14,149 | €14,149 | = | 0.0% |
| Financial fixed assets | 28 | €18,995 | €18,995 | = | 0.0% |
| Current assets | 29/58 | €394,503 | €376,526 | -€17,978 | -4.6% |
| Amounts receivable within one year | 40/41 | €393,709 | €361,947 | -€31,761 | -8.1% |
| Trade receivables | 40 | €48,359 | €18,430 | -€29,929 | -61.9% |
| Other amounts receivable | 41 | €345,349 | €343,517 | -€1,832 | -0.5% |
| Cash at bank and in hand | 54/58 | €795 | €14,578 | +€13,784 | +1,735% |
| Total equity and liabilities | 10/49 | €431,623 | €422,090 | -€9,533 | -2.2% |
| Equity | 10/15 | €251,506 | €289,268 | +€37,763 | +15.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,046 | €268,808 | +€37,763 | +16.3% |
| Amounts payable | 17/49 | €180,117 | €132,822 | -€47,296 | -26.3% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €51,938 | €32,822 | -€19,117 | -36.8% |
| Trade debts | 44 | €4,489 | €7,470 | +€2,980 | +66.4% |
| Suppliers | 440/4 | €4,489 | €7,470 | +€2,980 | +66.4% |
| Taxes, remuneration and social security | 45 | €21,901 | €2,313 | -€19,588 | -89.4% |
| Taxes | 450/3 | €202 | €202 | = | 0.0% |
| Remuneration and social security | 454/9 | €21,699 | €2,111 | -€19,588 | -90.3% |
| Other amounts payable | 47/48 | €25,548 | €23,039 | -€2,509 | -9.8% |
| Accrued charges and deferred income | 492/3 | €28,179 | - | -€28,179 | |
| Remuneration, social security and pensions | 62 | €1,952 | €1,910 | -€42 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,295 | €465 | -€3,830 | -89.2% |
| Other operating charges | 640/8 | €310 | €924 | +€613 | +198% |
| Gross operating margin | 9900 | €22,826 | €40,593 | +€17,767 | +77.8% |
| Operating profit (loss) | 9901 | €16,269 | €37,294 | +€21,025 | +129% |
| Financial charges | 65/66B | €278 | €352 | +€74 | +26.7% |
| Recurring financial charges | 65 | €278 | €352 | +€74 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €15,991 | €36,943 | +€20,951 | +131% |
| Income taxes | 67/77 | - | -€820 | -€820 | |
| Profit (loss) for the period | 9904 | €15,991 | €37,763 | +€21,771 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €15,991 | €37,763 | +€21,771 | +136% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.