Blue Boyz: 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.
Blue Boyz
Largest movements
- Tangible fixed assets -€23,217
down €23,217 (-2.6%), from €895,597 to €872,380
- Debts after one year -€49,585
down €49,585 (-12.4%), from €399,317 to €349,732
- Other debts +€40,817
up €40,817 (+46.2%), from €88,336 to €129,152
- Financial charges -€2,567
down €2,567 (-18.0%), from €14,229 to €11,662
- Gross operating margin -€2,187
down €2,187 (-4.7%), from €46,254 to €44,067
- Other operating charges -€494
down €494 (-42.0%), from €1,176 to €681
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.
Derived cash bridge
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 | €910,158 | €897,930 | -€12,228 | -1.3% |
| Fixed assets | 21/28 | €899,212 | €875,995 | -€23,217 | -2.6% |
| Tangible fixed assets | 22/27 | €895,597 | €872,380 | -€23,217 | -2.6% |
| Land and buildings | 22 | €895,597 | €872,380 | -€23,217 | -2.6% |
| Financial fixed assets | 28 | €3,615 | €3,615 | = | 0.0% |
| Current assets | 29/58 | €10,946 | €21,935 | +€10,989 | +100% |
| Amounts receivable within one year | 40/41 | €10,141 | €17,980 | +€7,839 | +77.3% |
| Trade receivables | 40 | €10,141 | €17,857 | +€7,716 | +76.1% |
| Other amounts receivable | 41 | - | €123 | +€123 | |
| Cash at bank and in hand | 54/58 | €495 | €3,955 | +€3,461 | +700% |
| Deferred charges and accrued income | 490/1 | €310 | - | -€310 | |
| Total equity and liabilities | 10/49 | €910,158 | €897,930 | -€12,228 | -1.3% |
| Equity | 10/15 | €369,047 | €369,460 | +€413 | +0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €101,639 | €101,639 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,530 | €8,530 | = | 0.0% |
| Distributable reserves | 133 | €93,109 | €93,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,816 | €249,229 | +€413 | +0.2% |
| Amounts payable | 17/49 | €541,111 | €528,470 | -€12,641 | -2.3% |
| Amounts payable after more than one year | 17 | €399,317 | €349,732 | -€49,585 | -12.4% |
| Financial debts | 170/4 | €399,317 | €349,732 | -€49,585 | -12.4% |
| Amounts payable within one year | 42/48 | €141,793 | €178,737 | +€36,944 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €47,831 | €49,585 | +€1,754 | +3.7% |
| Trade debts | 44 | €4,389 | - | -€4,389 | |
| Suppliers | 440/4 | €4,389 | - | -€4,389 | |
| Taxes, remuneration and social security | 45 | €1,237 | - | -€1,237 | |
| Taxes | 450/3 | €1,237 | - | -€1,237 | |
| Other amounts payable | 47/48 | €88,336 | €129,152 | +€40,817 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,765 | €31,117 | +€352 | +1.1% |
| Other operating charges | 640/8 | €1,176 | €681 | -€494 | -42.0% |
| Gross operating margin | 9900 | €46,254 | €44,067 | -€2,187 | -4.7% |
| Operating profit (loss) | 9901 | €14,314 | €12,269 | -€2,044 | -14.3% |
| Financial charges | 65/66B | €14,229 | €11,662 | -€2,567 | -18.0% |
| Recurring financial charges | 65 | €14,229 | €11,662 | -€2,567 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €84 | €607 | +€523 | +621% |
| Income taxes | 67/77 | €23 | €194 | +€171 | +745% |
| Profit (loss) for the period | 9904 | €61 | €413 | +€352 | +575% |
| Profit (loss) for the period to be appropriated | 9905 | €61 | €413 | +€352 | +575% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.