BLUE DROPS: 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.
What changed
BLUE DROPS
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€33,449
2024 · -€258,091+€224,642
Equity
€1.5m
2024 · €1.6m-€33,449
Cash
€671,954
2024 · €264,773+€407,182
Balance sheet total
€6.6m
2024 · €6.0m+€641,456
Largest movements
Assets
- Stocks and contracts +€666,917
up €666,917 (+20.3%), from €3.3m to €4.0m
- Cash +€407,182
up €407,182 (+154%), from €264,773 to €671,954
mainly Trade debts (+€595,644) and Receivables within one year (+€301,535)
- Receivables within one year -€301,535
down €301,535 (-19.7%), from €1.5m to €1.2m
of which Other amounts receivable: -€462,474
Equity and liabilities
- Trade debts +€595,644
up €595,644 (+125%), from €475,445 to €1.1m
- Debts after one year +€93,602
up €93,602 (+7.4%), from €1.3m to €1.4m
- Tax, wage and social debts -€71,728
down €71,728 (-46.5%), from €154,123 to €82,395
of which Remuneration and social security: -€95,432
Income statement
- Turnover +€1.5m
up €1.5m (+10.4%), from €14.7m to €16.2m
- Goods and materials +€1.2m
up €1.2m (+10.5%), from €11.2m to €12.4m
of which Purchases: +€3.2m
- Staff costs -€192,546
down €192,546 (-17.1%), from €1.1m to €930,659
- Write-downs +€183,388
up €183,388 (+2,046%), from €8,965 to €192,353
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.
Result 2024
-€258,091
Turnover
+€1.5m
Other operating income
+€97,463
Goods and materials
-€1.2m
Services and other goods
+€39,522
Staff costs
+€192,546
Depreciation
-€17,935
Write-downs
-€183,388
Other operating charges
+€42,529
Other operating items
-€325,639
Financial income
-€8,860
Financial charges
+€44,650
Taxes
-€9,025
Result 2025
-€33,449
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€405,753
Investment
-€128,529
Financing
+€129,957
Cash 2024
€264,773
From operations (derived)
+€405,753
Net result for the year
-€33,449
Depreciation
+€208,905
Stocks and contracts
-€666,917
Receivables within one year
+€301,535
Deferred charges and accrued income
+€50,733
Trade debts
+€595,644
Tax, wage and social debts
-€71,728
Other debts
-€8,551
Accrued charges and deferred income
+€29,582
Investment (derived)
-€128,529
Investment in fixed assets (net)
-€128,529
Financing
+€129,957
Debts after one year
+€93,602
Current portion of long-term debt
+€20,826
Short-term financial debts
+€15,530
Contributions, distributions and other
-€0
Cash 2025
€671,954
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,992,329 | €6,633,785 | +€641,456 | +10.7% |
| Fixed assets | 21/28 | €836,625 | €756,249 | -€80,376 | -9.6% |
| Intangible fixed assets | 21 | €422,005 | €395,456 | -€26,548 | -6.3% |
| Tangible fixed assets | 22/27 | €327,624 | €299,678 | -€27,946 | -8.5% |
| Plant, machinery and equipment | 23 | €131,202 | €101,085 | -€30,116 | -23.0% |
| Furniture and vehicles | 24 | €32,553 | €59,754 | +€27,201 | +83.6% |
| Other tangible fixed assets | 26 | €163,869 | €138,838 | -€25,031 | -15.3% |
| Financial fixed assets | 28 | €86,996 | €61,115 | -€25,881 | -29.7% |
| Companies linked by participating interests | 282/3 | €25,000 | €25,000 | = | 0.0% |
| Participating interests | 282 | €25,000 | €25,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €61,996 | €36,115 | -€25,881 | -41.7% |
| Amounts receivable and cash guarantees | 285/8 | €61,996 | €36,115 | -€25,881 | -41.7% |
| Current assets | 29/58 | €5,155,704 | €5,877,536 | +€721,832 | +14.0% |
| Stocks and contracts in progress | 3 | €3,292,197 | €3,959,115 | +€666,917 | +20.3% |
| Stocks | 30/36 | €3,292,197 | €3,959,115 | +€666,917 | +20.3% |
| Raw materials and consumables | 30/31 | €0 | €92,156 | +€92,156 | |
| Goods purchased for resale | 34 | €3,292,197 | €3,866,959 | +€574,761 | +17.5% |
| Amounts receivable within one year | 40/41 | €1,527,446 | €1,225,912 | -€301,535 | -19.7% |
| Trade receivables | 40 | €1,004,051 | €1,164,991 | +€160,940 | +16.0% |
| Other amounts receivable | 41 | €523,395 | €60,921 | -€462,474 | -88.4% |
| Cash at bank and in hand | 54/58 | €264,773 | €671,954 | +€407,182 | +154% |
| Deferred charges and accrued income | 490/1 | €71,288 | €20,555 | -€50,733 | -71.2% |
| Total equity and liabilities | 10/49 | €5,992,329 | €6,633,785 | +€641,456 | +10.7% |
| Equity | 10/15 | €1,560,868 | €1,527,419 | -€33,449 | -2.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,542,318 | €1,508,869 | -€33,449 | -2.2% |
| Amounts payable | 17/49 | €4,431,461 | €5,106,366 | +€674,905 | +15.2% |
| Amounts payable after more than one year | 17 | €1,257,311 | €1,350,913 | +€93,602 | +7.4% |
| Financial debts | 170/4 | €1,257,311 | €1,350,913 | +€93,602 | +7.4% |
| Credit institutions | 173 | €1,257,311 | €1,350,913 | +€93,602 | +7.4% |
| Amounts payable within one year | 42/48 | €3,173,733 | €3,725,453 | +€551,721 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €209,882 | €230,707 | +€20,826 | +9.9% |
| Financial debts | 43 | €2,325,639 | €2,341,168 | +€15,530 | +0.7% |
| Credit institutions | 430/8 | €2,325,639 | €2,341,168 | +€15,530 | +0.7% |
| Trade debts | 44 | €475,445 | €1,071,089 | +€595,644 | +125% |
| Suppliers | 440/4 | €475,445 | €1,071,089 | +€595,644 | +125% |
| Taxes, remuneration and social security | 45 | €154,123 | €82,395 | -€71,728 | -46.5% |
| Taxes | 450/3 | €32,604 | €56,307 | +€23,704 | +72.7% |
| Remuneration and social security | 454/9 | €121,519 | €26,088 | -€95,432 | -78.5% |
| Other amounts payable | 47/48 | €8,644 | €94 | -€8,551 | -98.9% |
| Accrued charges and deferred income | 492/3 | €418 | €30,000 | +€29,582 | +7,076% |
| Operating income | 70/76A | €15,103,284 | €16,418,061 | +€1.3m | +8.7% |
| Turnover | 70 | €14,668,855 | €16,200,452 | +€1.5m | +10.4% |
| Own construction capitalised | 72 | €250,721 | €0 | -€250,721 | -100% |
| Other operating income | 74 | €120,146 | €217,609 | +€97,463 | +81.1% |
| Non-recurring operating income | 76A | €63,562 | €0 | -€63,562 | -100% |
| Operating charges | 60/66A | €15,038,455 | €16,155,354 | +€1.1m | +7.4% |
| Goods for resale, raw materials and consumables | 60 | €11,231,989 | €12,410,805 | +€1.2m | +10.5% |
| Purchases | 600/8 | €9,830,989 | €13,077,723 | +€3.2m | +33.0% |
| Change in stocks: decrease (increase) | 609 | €1,401,000 | -€666,917 | -€2.1m | |
| Services and other goods | 61 | €2,409,412 | €2,369,890 | -€39,522 | -1.6% |
| Remuneration, social security and pensions | 62 | €1,123,205 | €930,659 | -€192,546 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,969 | €208,905 | +€17,935 | +9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,965 | €192,353 | +€183,388 | +2,046% |
| Other operating charges | 640/8 | €66,714 | €24,185 | -€42,529 | -63.7% |
| Non-recurring operating charges | 66A | €7,200 | €18,557 | +€11,357 | +158% |
| Operating profit (loss) | 9901 | €64,828 | €262,706 | +€197,878 | +305% |
| Financial income | 75/76B | €21,269 | €12,408 | -€8,860 | -41.7% |
| Recurring financial income | 75 | €21,269 | €12,408 | -€8,860 | -41.7% |
| Income from current assets | 751 | - | €121 | +€121 | |
| Other financial income | 752/9 | €21,269 | €12,288 | -€8,981 | -42.2% |
| Financial charges | 65/66B | €352,456 | €307,806 | -€44,650 | -12.7% |
| Recurring financial charges | 65 | €352,456 | €307,806 | -€44,650 | -12.7% |
| Debt charges | 650 | €308,073 | €235,351 | -€72,722 | -23.6% |
| Other financial charges | 652/9 | €44,383 | €72,455 | +€28,072 | +63.3% |
| Profit (loss) for the period before taxes | 9903 | -€266,359 | -€32,692 | +€233,668 | +87.7% |
| Income taxes | 67/77 | -€8,268 | €757 | +€9,025 | |
| Taxes | 670/3 | €1,483 | €757 | -€726 | -48.9% |
| Tax adjustments and reversals of tax provisions | 77 | €9,751 | €0 | -€9,751 | -100% |
| Profit (loss) for the period | 9904 | -€258,091 | -€33,449 | +€224,642 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€258,091 | -€33,449 | +€224,642 | +87.0% |
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 15 October 2026 via checked.be.