BLUE BAY: what changed
What changed
BLUE BAY
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€43,323
2024 · €25,434+€17,889
Equity
€89,886
2024 · €89,564+€323
Cash
€40,235
2024 · €29,904+€10,331
Balance sheet total
€368,654
2024 · €364,629+€4,025
Largest movements
Assets
- Receivables within one year -€20,665
down €20,665 (-65.0%), from €31,801 to €11,136
of which Trade receivables: -€17,766
- Cash +€10,331
up €10,331 (+34.5%), from €29,904 to €40,235
mainly Net result for the year (+€43,323) and Debts after one year (+€31,437)
- Tangible fixed assets +€7,037
up €7,037 (+19.0%), from €37,103 to €44,140
of which Plant, machinery and equipment: +€12,654
- Stocks and contracts +€4,653
up €4,653 (+1.8%), from €263,677 to €268,330
Equity and liabilities
- Other debts -€32,081
down €32,081 (-18.6%), from €172,335 to €140,254
- Debts after one year +€31,437
up €31,437 (+160%), from €19,630 to €51,067
- Provisions -€14,000
down €14,000 (-100%), from €14,000 to €0
- Current portion of long-term debt +€9,618
up €9,618 (+51.6%), from €18,644 to €28,263
- Tax, wage and social debts +€7,487
up €7,487 (+33.7%), from €22,195 to €29,682
of which Taxes: +€7,002
Income statement
- Gross operating margin -€33,692
down €33,692 (-32.6%), from €103,209 to €69,517
- Provisions -€28,000
down €28,000, from €14,000 to -€14,000
- Staff costs -€26,582
down €26,582 (-91.0%), from €29,204 to €2,622
- Depreciation -€5,660
down €5,660 (-43.4%), from €13,057 to €7,397
- Financial charges +€3,099
up €3,099 (+43.2%), from €7,167 to €10,266
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€25,434
Gross operating margin
-€33,692
Staff costs
+€26,582
Depreciation
+€5,660
Provisions
+€28,000
Other operating charges
+€475
Other operating items
-€3,521
Financial income
+€3
Financial charges
-€3,099
Taxes
-€2,520
Result 2025
€43,323
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€26,709
Investment
-€14,434
Financing
-€1,944
Cash 2024
€29,904
From operations (derived)
+€26,709
Net result for the year
+€43,323
Depreciation
+€7,397
Stocks and contracts
-€4,653
Receivables within one year
+€20,665
Deferred charges and accrued income
-€2,669
Provisions
-€14,000
Trade debts
-€392
Tax, wage and social debts
+€7,487
Advances received
+€1,632
Other debts
-€32,081
Investment (derived)
-€14,434
Investment in fixed assets (net)
-€14,434
Financing
-€1,944
Debts after one year
+€31,437
Current portion of long-term debt
+€9,618
Contributions, distributions and other
-€43,000
Cash 2025
€40,235
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,629 | €368,654 | +€4,025 | +1.1% |
| Fixed assets | 21/28 | €38,975 | €46,012 | +€7,037 | +18.1% |
| Tangible fixed assets | 22/27 | €37,103 | €44,140 | +€7,037 | +19.0% |
| Land and buildings | 22 | €990 | €990 | = | 0.0% |
| Plant, machinery and equipment | 23 | €20,530 | €33,184 | +€12,654 | +61.6% |
| Furniture and vehicles | 24 | €15,583 | €5,966 | -€9,617 | -61.7% |
| Other tangible fixed assets | 26 | - | €4,000 | +€4,000 | |
| Financial fixed assets | 28 | €1,872 | €1,872 | = | 0.0% |
| Current assets | 29/58 | €325,654 | €322,642 | -€3,012 | -0.9% |
| Stocks and contracts in progress | 3 | €263,677 | €268,330 | +€4,653 | +1.8% |
| Stocks | 30/36 | €263,677 | €268,330 | +€4,653 | +1.8% |
| Amounts receivable within one year | 40/41 | €31,801 | €11,136 | -€20,665 | -65.0% |
| Trade receivables | 40 | €28,310 | €10,543 | -€17,766 | -62.8% |
| Other amounts receivable | 41 | €3,492 | €593 | -€2,899 | -83.0% |
| Cash at bank and in hand | 54/58 | €29,904 | €40,235 | +€10,331 | +34.5% |
| Deferred charges and accrued income | 490/1 | €271 | €2,941 | +€2,669 | +983% |
| Total equity and liabilities | 10/49 | €364,629 | €368,654 | +€4,025 | +1.1% |
| Equity | 10/15 | €89,564 | €89,886 | +€323 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,964 | €71,286 | +€323 | +0.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,840 | €28,840 | = | 0.0% |
| Distributable reserves | 133 | €40,264 | €40,587 | +€323 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €14,000 | €0 | -€14,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €14,000 | €0 | -€14,000 | -100% |
| Other liabilities and charges | 164/5 | €14,000 | €0 | -€14,000 | -100% |
| Amounts payable | 17/49 | €261,066 | €278,768 | +€17,702 | +6.8% |
| Amounts payable after more than one year | 17 | €19,630 | €51,067 | +€31,437 | +160% |
| Financial debts | 170/4 | €19,630 | €51,067 | +€31,437 | +160% |
| Amounts payable within one year | 42/48 | €241,436 | €227,700 | -€13,735 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €18,644 | €28,263 | +€9,618 | +51.6% |
| Trade debts | 44 | €28,262 | €27,870 | -€392 | -1.4% |
| Suppliers | 440/4 | €28,262 | €27,870 | -€392 | -1.4% |
| Advances received on contracts in progress | 46 | €0 | €1,632 | +€1,632 | |
| Taxes, remuneration and social security | 45 | €22,195 | €29,682 | +€7,487 | +33.7% |
| Taxes | 450/3 | €20,180 | €27,182 | +€7,002 | +34.7% |
| Remuneration and social security | 454/9 | €2,015 | €2,500 | +€485 | +24.1% |
| Other amounts payable | 47/48 | €172,335 | €140,254 | -€32,081 | -18.6% |
| Remuneration, social security and pensions | 62 | €29,204 | €2,622 | -€26,582 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,057 | €7,397 | -€5,660 | -43.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €14,000 | -€14,000 | -€28,000 | |
| Other operating charges | 640/8 | €4,767 | €4,292 | -€475 | -10.0% |
| Non-recurring operating charges | 66A | - | €3,521 | +€3,521 | |
| Gross operating margin | 9900 | €103,209 | €69,517 | -€33,692 | -32.6% |
| Operating profit (loss) | 9901 | €42,181 | €65,685 | +€23,505 | +55.7% |
| Financial income | 75/76B | €8 | €11 | +€3 | +32.0% |
| Recurring financial income | 75 | €8 | €11 | +€3 | +32.0% |
| Financial charges | 65/66B | €7,167 | €10,266 | +€3,099 | +43.2% |
| Recurring financial charges | 65 | €7,167 | €10,266 | +€3,099 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €35,022 | €55,430 | +€20,408 | +58.3% |
| Income taxes | 67/77 | €9,587 | €12,107 | +€2,520 | +26.3% |
| Profit (loss) for the period | 9904 | €25,434 | €43,323 | +€17,889 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,434 | €43,323 | +€17,889 | +70.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.