BLU OCEAN: 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 OCEAN
Largest movements
- Cash -€39,451
down €39,451 (-40.0%), from €98,539 to €59,089
mainly Other debts (-€23,693) and Contributions, distributions and other (-€11,983)
- Receivables within one year +€9,217
up €9,217 (+98.8%), from €9,332 to €18,549
of which Other amounts receivable: +€4,636
- Tangible fixed assets -€1,563
down €1,563 (-21.0%), from €7,446 to €5,883
of which Other tangible fixed assets: -€1,198
- Deferred charges and accrued income +€1,427
up €1,427 (+88.8%), from €1,607 to €3,033
- Other debts -€23,693
down €23,693 (-66.4%), from €35,676 to €11,983
- Trade debts +€11,172
up €11,172 (+2058.8%), from €543 to €11,715
- Reserves -€8,677
down €8,677 (-14.2%), from €61,047 to €52,370
- Tax, wage and social debts -€8,501
down €8,501 (-69.8%), from €12,174 to €3,673
- Gross operating margin -€19,237
down €19,237 (-64.8%), from €29,702 to €10,465
- Taxes -€4,839
down €4,839 (-55.8%), from €8,676 to €3,836
- Depreciation +€498
up €498 (+22.0%), from €2,267 to €2,766
- Financial charges -€304
down €304 (-42.5%), from €715 to €411
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 | €117,404 | €87,034 | -€30,370 | -25.9% |
| Fixed assets | 21/28 | €7,926 | €6,363 | -€1,563 | -19.7% |
| Tangible fixed assets | 22/27 | €7,446 | €5,883 | -€1,563 | -21.0% |
| Furniture and vehicles | 24 | €3,754 | €3,389 | -€365 | -9.7% |
| Other tangible fixed assets | 26 | €3,692 | €2,494 | -€1,198 | -32.5% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €109,478 | €80,671 | -€28,807 | -26.3% |
| Amounts receivable within one year | 40/41 | €9,332 | €18,549 | +€9,217 | +98.8% |
| Trade receivables | 40 | €9,332 | €13,913 | +€4,581 | +49.1% |
| Other amounts receivable | 41 | - | €4,636 | +€4,636 | |
| Cash at bank and in hand | 54/58 | €98,539 | €59,089 | -€39,451 | -40.0% |
| Deferred charges and accrued income | 490/1 | €1,607 | €3,033 | +€1,427 | +88.8% |
| Total equity and liabilities | 10/49 | €117,404 | €87,034 | -€30,370 | -25.9% |
| Equity | 10/15 | €67,247 | €58,570 | -€8,677 | -12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,047 | €52,370 | -€8,677 | -14.2% |
| Distributable reserves | 133 | €61,047 | €52,370 | -€8,677 | -14.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,157 | €28,464 | -€21,693 | -43.3% |
| Amounts payable within one year | 42/48 | €49,529 | €28,464 | -€21,065 | -42.5% |
| Financial debts | 43 | €1,136 | €1,093 | -€44 | -3.9% |
| Credit institutions | 430/8 | €1,136 | €1,093 | -€44 | -3.9% |
| Trade debts | 44 | €543 | €11,715 | +€11,172 | +2058.8% |
| Suppliers | 440/4 | €543 | €11,715 | +€11,172 | +2058.8% |
| Taxes, remuneration and social security | 45 | €12,174 | €3,673 | -€8,501 | -69.8% |
| Taxes | 450/3 | €12,174 | €3,673 | -€8,501 | -69.8% |
| Other amounts payable | 47/48 | €35,676 | €11,983 | -€23,693 | -66.4% |
| Accrued charges and deferred income | 492/3 | €628 | €0 | -€628 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,267 | €2,766 | +€498 | +22.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €283 | €0 | -€283 | -100.0% |
| Gross operating margin | 9900 | €29,702 | €10,465 | -€19,237 | -64.8% |
| Operating profit (loss) | 9901 | €26,646 | €7,179 | -€19,467 | -73.1% |
| Financial income | 75/76B | €258 | €374 | +€116 | +45.1% |
| Recurring financial income | 75 | €258 | €374 | +€116 | +45.1% |
| Financial charges | 65/66B | €715 | €411 | -€304 | -42.5% |
| Recurring financial charges | 65 | €715 | €411 | -€304 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €26,189 | €7,143 | -€19,047 | -72.7% |
| Income taxes | 67/77 | €8,676 | €3,836 | -€4,839 | -55.8% |
| Profit (loss) for the period | 9904 | €17,514 | €3,306 | -€14,208 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,514 | €3,306 | -€14,208 | -81.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.