BLUE DEVELOPPEMENT PROPERTY: 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 DEVELOPPEMENT PROPERTY
Largest movements
- Cash -€417,352
down €417,352 (-96.9%), from €430,728 to €13,377
mainly Other debts (-€287,137) and Net result for the year (-€124,962)
- Other debts -€287,137
down €287,137 (-38.7%), from €741,947 to €454,810
- Profit (loss) carried forward -€92,988
down €92,988 (-18.4%), from €506,120 to €413,132
- Reserves -€31,974
down €31,974 (-10.3%), from €309,642 to €277,668
of which Tax-exempt reserves: -€31,974
- Gross operating margin -€521,520
down €521,520, from €401,611 to -€119,910
- Financial charges -€116,831
down €116,831 (-99.7%), from €117,126 to €295
- Financial income -€108,350
down €108,350 (-76.6%), from €141,397 to €33,047
- Taxes -€82,429
down €82,429 (-99.6%), from €82,723 to €294
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 | €1,832,003 | €1,426,944 | -€405,059 | -22.1% |
| Fixed assets | 21/28 | €274,366 | €269,941 | -€4,425 | -1.6% |
| Tangible fixed assets | 22/27 | €99,160 | €92,222 | -€6,938 | -7.0% |
| Land and buildings | 22 | €19,629 | €17,126 | -€2,503 | -12.8% |
| Plant, machinery and equipment | 23 | €6,075 | €3,201 | -€2,874 | -47.3% |
| Furniture and vehicles | 24 | €7,073 | €5,512 | -€1,561 | -22.1% |
| Other tangible fixed assets | 26 | €66,384 | €66,384 | = | 0.0% |
| Financial fixed assets | 28 | €175,206 | €177,719 | +€2,513 | +1.4% |
| Current assets | 29/58 | €1,557,637 | €1,157,003 | -€400,634 | -25.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €515,097 | €518,301 | +€3,204 | +0.6% |
| Trade receivables | 40 | €76,316 | €68,672 | -€7,644 | -10.0% |
| Other amounts receivable | 41 | €438,780 | €449,628 | +€10,848 | +2.5% |
| Current investments | 50/53 | €607,075 | €624,781 | +€17,706 | +2.9% |
| Cash at bank and in hand | 54/58 | €430,728 | €13,377 | -€417,352 | -96.9% |
| Deferred charges and accrued income | 490/1 | €4,737 | €544 | -€4,193 | -88.5% |
| Total equity and liabilities | 10/49 | €1,832,003 | €1,426,944 | -€405,059 | -22.1% |
| Equity | 10/15 | €997,762 | €872,800 | -€124,962 | -12.5% |
| Contributions | 10/11 | €182,000 | €182,000 | = | 0.0% |
| Reserves | 13 | €309,642 | €277,668 | -€31,974 | -10.3% |
| Tax-exempt reserves | 132 | €31,974 | €0 | -€31,974 | -100% |
| Distributable reserves | 133 | €277,668 | €277,668 | = | 0.0% |
| Profit (loss) carried forward | 14 | €506,120 | €413,132 | -€92,988 | -18.4% |
| Amounts payable | 17/49 | €834,241 | €554,144 | -€280,097 | -33.6% |
| Amounts payable within one year | 42/48 | €834,061 | €553,179 | -€280,882 | -33.7% |
| Trade debts | 44 | €12,493 | €18,805 | +€6,312 | +50.5% |
| Suppliers | 440/4 | €12,493 | €18,805 | +€6,312 | +50.5% |
| Taxes, remuneration and social security | 45 | €79,621 | €79,564 | -€57 | -0.1% |
| Taxes | 450/3 | €78,344 | €78,344 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,276 | €1,219 | -€57 | -4.5% |
| Other amounts payable | 47/48 | €741,947 | €454,810 | -€287,137 | -38.7% |
| Accrued charges and deferred income | 492/3 | €180 | €965 | +€785 | +436% |
| Non-recurring operating income | 76A | €538,821 | €0 | -€538,821 | -100% |
| Remuneration, social security and pensions | 62 | €22,734 | €22,773 | +€39 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,397 | €10,041 | -€3,355 | -25.0% |
| Other operating charges | 640/8 | €5,384 | €4,698 | -€687 | -12.8% |
| Gross operating margin | 9900 | €401,611 | -€119,910 | -€521,520 | |
| Operating profit (loss) | 9901 | €360,096 | -€157,421 | -€517,517 | |
| Financial income | 75/76B | €141,397 | €33,047 | -€108,350 | -76.6% |
| Recurring financial income | 75 | €141,397 | €33,047 | -€108,350 | -76.6% |
| Financial charges | 65/66B | €117,126 | €295 | -€116,831 | -99.7% |
| Recurring financial charges | 65 | €117,126 | €295 | -€116,831 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €384,367 | -€124,668 | -€509,036 | |
| Income taxes | 67/77 | €82,723 | €294 | -€82,429 | -99.6% |
| Profit (loss) for the period | 9904 | €301,644 | -€124,962 | -€426,606 | |
| Transfer from tax-exempt reserves | 789 | - | €31,974 | +€31,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €301,644 | -€92,988 | -€394,632 |
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 18 October 2026 via checked.be.