Blue Eagle Nivelles: 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 Eagle Nivelles
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+81.4%), from €2.1m to €3.8m
of which Plant, machinery and equipment: +€1.3m
- Receivables within one year -€337,928
down €337,928 (-93.2%), from €362,563 to €24,636
of which Trade receivables: -€335,243
- Cash -€62,232
down €62,232 (-80.4%), from €77,406 to €15,174
mainly Investment in fixed assets (net) (-€1.7m) and Net result for the year (-€148,609)
- Debts after one year +€993,285
up €993,285 (+43.3%), from €2.3m to €3.3m
- Other debts +€609,968
up €609,968 (+58.1%), from €1.1m to €1.7m
- Profit (loss) carried forward -€148,609
down €148,609 (-12.9%), from -€1.2m to -€1.3m
- Trade debts -€124,657
down €124,657 (-99.5%), from €125,273 to €616
- Financial charges +€41,338
up €41,338 (+41.1%), from €100,563 to €141,902
- Gross operating margin +€29,756
up €29,756 (+92.8%), from -€32,076 to -€2,319
- Purchases and services -€17,096
down €17,096 (-43.2%), from €39,576 to €22,479
- Turnover +€12,660
up €12,660 (+168.8%), from €7,500 to €20,160
- Other operating charges -€4,288
down €4,288 (-55.0%), from €7,799 to €3,512
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 | €2,553,256 | €3,883,746 | +€1.3m | +52.1% |
| Fixed assets | 21/28 | €2,113,286 | €3,843,936 | +€1.7m | +81.9% |
| Intangible fixed assets | 21 | - | €10,764 | +€10,764 | |
| Tangible fixed assets | 22/27 | €2,113,286 | €3,833,173 | +€1.7m | +81.4% |
| Land and buildings | 22 | €2,113,286 | €2,579,421 | +€466,135 | +22.1% |
| Plant, machinery and equipment | 23 | - | €1,253,751 | +€1.3m | |
| Current assets | 29/58 | €439,970 | €39,810 | -€400,160 | -91.0% |
| Amounts receivable within one year | 40/41 | €362,563 | €24,636 | -€337,928 | -93.2% |
| Trade receivables | 40 | €359,879 | €24,636 | -€335,243 | -93.2% |
| Other amounts receivable | 41 | €2,685 | €0 | -€2,685 | -100.0% |
| Cash at bank and in hand | 54/58 | €77,406 | €15,174 | -€62,232 | -80.4% |
| Total equity and liabilities | 10/49 | €2,553,256 | €3,883,746 | +€1.3m | +52.1% |
| Equity | 10/15 | -€1,056,110 | -€1,204,718 | -€148,609 | -14.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,156,110 | -€1,304,718 | -€148,609 | -12.9% |
| Amounts payable | 17/49 | €3,609,366 | €5,088,465 | +€1.5m | +41.0% |
| Amounts payable after more than one year | 17 | €2,294,910 | €3,288,195 | +€993,285 | +43.3% |
| Financial debts | 170/4 | €2,294,910 | €3,288,195 | +€993,285 | +43.3% |
| Amounts payable within one year | 42/48 | €1,314,455 | €1,800,270 | +€485,814 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €138,708 | €136,099 | -€2,609 | -1.9% |
| Trade debts | 44 | €125,273 | €616 | -€124,657 | -99.5% |
| Suppliers | 440/4 | €125,273 | €616 | -€124,657 | -99.5% |
| Taxes, remuneration and social security | 45 | - | €3,113 | +€3,113 | |
| Taxes | 450/3 | - | €3,113 | +€3,113 | |
| Other amounts payable | 47/48 | €1,050,474 | €1,660,442 | +€609,968 | +58.1% |
| Turnover | 70 | €7,500 | €20,160 | +€12,660 | +168.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,576 | €22,479 | -€17,096 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €826 | +€826 | |
| Other operating charges | 640/8 | €7,799 | €3,512 | -€4,288 | -55.0% |
| Gross operating margin | 9900 | -€32,076 | -€2,319 | +€29,756 | +92.8% |
| Operating profit (loss) | 9901 | -€39,875 | -€6,657 | +€33,217 | +83.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Non-recurring financial income | 76B | - | €2 | +€2 | |
| Financial charges | 65/66B | €100,563 | €141,902 | +€41,338 | +41.1% |
| Recurring financial charges | 65 | €100,563 | €141,902 | +€41,338 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | -€140,438 | -€148,558 | -€8,119 | -5.8% |
| Income taxes | 67/77 | - | €51 | +€51 | |
| Profit (loss) for the period | 9904 | -€140,438 | -€148,609 | -€8,171 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€140,438 | -€148,609 | -€8,171 | -5.8% |
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.