Blue Door Management: 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 Door Management
Largest movements
- Receivables within one year +€789
up €789 (+193.2%), from €409 to €1,198
of which Trade receivables: +€611
- Formation expenses -€421
down €421 (-27.3%), from €1,544 to €1,122
- Stocks and contracts -€178
down €178 (-12.0%), from €1,487 to €1,309
- Cash -€170
down €170 (-20.3%), from €837 to €667
mainly Net result for the year (-€7,877) and Receivables within one year (-€789)
- Deferred charges and accrued income +€62
new in 2025: €62
- Profit (loss) carried forward -€7,877
down €7,877 (-261.0%), from -€3,018 to -€10,895
- Other debts +€7,593
up €7,593 (+437.1%), from €1,737 to €9,330
- Short-term financial debts +€775
up €775 (+41.3%), from €1,876 to €2,651
- Trade debts -€391
down €391 (-32.9%), from €1,189 to €798
- Advances received -€92
down €92 (-100.0%), from €92 to €0
- Gross operating margin -€5,655
down €5,655 (-368.1%), from -€1,536 to -€7,192
- Other operating charges -€653
down €653 (-81.9%), from €797 to €144
- Depreciation -€142
down €142 (-25.2%), from €563 to €421
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 | €4,276 | €4,358 | +€81 | +1.9% |
| Formation expenses | 20 | €1,544 | €1,122 | -€421 | -27.3% |
| Current assets | 29/58 | €2,732 | €3,235 | +€503 | +18.4% |
| Stocks and contracts in progress | 3 | €1,487 | €1,309 | -€178 | -12.0% |
| Stocks | 30/36 | €1,487 | €1,309 | -€178 | -12.0% |
| Amounts receivable within one year | 40/41 | €409 | €1,198 | +€789 | +193.2% |
| Trade receivables | 40 | €42 | €652 | +€611 | +1470.4% |
| Other amounts receivable | 41 | €367 | €546 | +€179 | +48.7% |
| Cash at bank and in hand | 54/58 | €837 | €667 | -€170 | -20.3% |
| Deferred charges and accrued income | 490/1 | - | €62 | +€62 | |
| Total equity and liabilities | 10/49 | €4,276 | €4,358 | +€81 | +1.9% |
| Equity | 10/15 | -€618 | -€8,495 | -€7,877 | -1275.1% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,018 | -€10,895 | -€7,877 | -261.0% |
| Amounts payable | 17/49 | €4,894 | €12,853 | +€7,959 | +162.6% |
| Amounts payable within one year | 42/48 | €4,894 | €12,853 | +€7,959 | +162.6% |
| Financial debts | 43 | €1,876 | €2,651 | +€775 | +41.3% |
| Other loans | 439 | €1,876 | €2,651 | +€775 | +41.3% |
| Trade debts | 44 | €1,189 | €798 | -€391 | -32.9% |
| Suppliers | 440/4 | €1,189 | €798 | -€391 | -32.9% |
| Advances received on contracts in progress | 46 | €92 | €0 | -€92 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €74 | +€74 | |
| Taxes | 450/3 | - | €74 | +€74 | |
| Other amounts payable | 47/48 | €1,737 | €9,330 | +€7,593 | +437.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €563 | €421 | -€142 | -25.2% |
| Other operating charges | 640/8 | €797 | €144 | -€653 | -81.9% |
| Gross operating margin | 9900 | -€1,536 | -€7,192 | -€5,655 | -368.1% |
| Operating profit (loss) | 9901 | -€2,897 | -€7,757 | -€4,861 | -167.8% |
| Financial income | 75/76B | €16 | €1 | -€15 | -96.5% |
| Recurring financial income | 75 | €16 | €1 | -€15 | -96.5% |
| Financial charges | 65/66B | €137 | €121 | -€16 | -11.7% |
| Recurring financial charges | 65 | €137 | €121 | -€16 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,018 | -€7,877 | -€4,860 | -161.0% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | -€3,018 | -€7,877 | -€4,859 | -161.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,018 | -€7,877 | -€4,859 | -161.0% |
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 11 October 2026 via checked.be.