BLUE EDEN: 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 EDEN
Largest movements
- Receivables within one year -€149,395
down €149,395 (-89.6%), from €166,766 to €17,372
of which Trade receivables: -€141,683
- Cash +€67,022
up €67,022 (+2,517%), from €2,663 to €69,685
mainly Other debts (+€271,705) and Receivables within one year (+€149,395)
- Tangible fixed assets -€17,619
down €17,619 (-1.4%), from €1.3m to €1.3m
of which Land and buildings: -€22,938
- Other debts +€271,705
up €271,705 (+27.9%), from €974,534 to €1.2m
- Trade debts -€171,402
down €171,402 (-67.0%), from €255,903 to €84,501
- Profit (loss) carried forward -€157,620
down €157,620 (-38.5%), from -€409,316 to -€566,937
- Debts after one year -€32,396
down €32,396 (-5.6%), from €574,913 to €542,517
- Gross operating margin +€90,055
up €90,055, from -€88,828 to €1,227
- Depreciation +€23,477
up €23,477 (+23.6%), from €99,586 to €123,063
- Staff costs +€9,016
new in 2025: €9,016
- Financial charges -€3,658
down €3,658 (-14.3%), from €25,658 to €22,000
- Other operating charges +€1,784
up €1,784 (+59.7%), from €2,988 to €4,771
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 | €1,452,229 | €1,366,676 | -€85,553 | -5.9% |
| Fixed assets | 21/28 | €1,282,799 | €1,273,201 | -€9,598 | -0.7% |
| Intangible fixed assets | 21 | €1,618 | €9,275 | +€7,657 | +473% |
| Tangible fixed assets | 22/27 | €1,281,182 | €1,263,563 | -€17,619 | -1.4% |
| Land and buildings | 22 | €1,279,595 | €1,256,658 | -€22,938 | -1.8% |
| Furniture and vehicles | 24 | €1,587 | €6,905 | +€5,319 | +335% |
| Financial fixed assets | 28 | - | €363 | +€363 | |
| Current assets | 29/58 | €169,429 | €93,475 | -€75,955 | -44.8% |
| Amounts receivable within one year | 40/41 | €166,766 | €17,372 | -€149,395 | -89.6% |
| Trade receivables | 40 | €159,055 | €17,372 | -€141,683 | -89.1% |
| Other amounts receivable | 41 | €7,711 | - | -€7,711 | |
| Cash at bank and in hand | 54/58 | €2,663 | €69,685 | +€67,022 | +2,517% |
| Deferred charges and accrued income | 490/1 | - | €6,418 | +€6,418 | |
| Total equity and liabilities | 10/49 | €1,452,229 | €1,366,676 | -€85,553 | -5.9% |
| Equity | 10/15 | -€384,316 | -€541,937 | -€157,620 | -41.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€409,316 | -€566,937 | -€157,620 | -38.5% |
| Amounts payable | 17/49 | €1,836,545 | €1,908,612 | +€72,067 | +3.9% |
| Amounts payable after more than one year | 17 | €574,913 | €542,517 | -€32,396 | -5.6% |
| Financial debts | 170/4 | €574,913 | €542,517 | -€32,396 | -5.6% |
| Amounts payable within one year | 42/48 | €1,261,632 | €1,366,096 | +€104,463 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €31,195 | €32,396 | +€1,201 | +3.8% |
| Trade debts | 44 | €255,903 | €84,501 | -€171,402 | -67.0% |
| Suppliers | 440/4 | €255,903 | €84,501 | -€171,402 | -67.0% |
| Taxes, remuneration and social security | 45 | - | €2,960 | +€2,960 | |
| Taxes | 450/3 | - | €2,066 | +€2,066 | |
| Remuneration and social security | 454/9 | - | €893 | +€893 | |
| Other amounts payable | 47/48 | €974,534 | €1,246,238 | +€271,705 | +27.9% |
| Remuneration, social security and pensions | 62 | - | €9,016 | +€9,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,586 | €123,063 | +€23,477 | +23.6% |
| Other operating charges | 640/8 | €2,988 | €4,771 | +€1,784 | +59.7% |
| Gross operating margin | 9900 | -€88,828 | €1,227 | +€90,055 | |
| Operating profit (loss) | 9901 | -€191,402 | -€135,623 | +€55,779 | +29.1% |
| Financial income | 75/76B | €0 | €2 | +€2 | +3,933% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +3,933% |
| Financial charges | 65/66B | €25,658 | €22,000 | -€3,658 | -14.3% |
| Recurring financial charges | 65 | €25,658 | €22,000 | -€3,658 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€217,060 | -€157,620 | +€59,439 | +27.4% |
| Profit (loss) for the period | 9904 | -€217,060 | -€157,620 | +€59,439 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€217,060 | -€157,620 | +€59,439 | +27.4% |
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 20 October 2026 via checked.be.