BLUE FONZ: 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 FONZ
Largest movements
- Receivables after one year -€21,467
down €21,467 (-35.8%), from €60,000 to €38,533
- Stocks and contracts -€10,200
down €10,200 (-6.7%), from €152,301 to €142,101
- Current investments -€9,157
down €9,157 (-15.9%), from €57,578 to €48,420
- Receivables within one year -€6,685
down €6,685 (-34.1%), from €19,581 to €12,896
of which Trade receivables: -€6,623
- Cash -€5,235
down €5,235 (-40.4%), from €12,958 to €7,723
mainly Contributions, distributions and other (-€22,596) and Net result for the year (-€12,957)
- Reserves -€35,554
down €35,554 (-20.8%), from €171,334 to €135,781
of which Distributable reserves: -€35,554
- Debts after one year -€12,558
down €12,558 (-28.6%), from €43,891 to €31,333
- Trade debts -€3,098
down €3,098 (-35.1%), from €8,833 to €5,735
- Gross operating margin -€14,546
down €14,546, from €12,759 to -€1,786
- Taxes -€1,091
down €1,091 (-47.4%), from €2,301 to €1,210
- Other operating charges +€883
up €883 (+96.6%), from €914 to €1,797
- Financial charges -€441
down €441 (-4.4%), from €10,045 to €9,604
- Financial income +€144
up €144 (+5.9%), from €2,446 to €2,590
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 | €309,461 | €255,189 | -€54,271 | -17.5% |
| Fixed assets | 21/28 | €6,461 | €5,311 | -€1,150 | -17.8% |
| Tangible fixed assets | 22/27 | €6,250 | €5,100 | -€1,150 | -18.4% |
| Plant, machinery and equipment | 23 | €5,457 | €4,766 | -€691 | -12.7% |
| Furniture and vehicles | 24 | €793 | €334 | -€459 | -57.9% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €302,999 | €249,878 | -€53,121 | -17.5% |
| Amounts receivable after more than one year | 29 | €60,000 | €38,533 | -€21,467 | -35.8% |
| Other amounts receivable | 291 | €60,000 | €38,533 | -€21,467 | -35.8% |
| Stocks and contracts in progress | 3 | €152,301 | €142,101 | -€10,200 | -6.7% |
| Stocks | 30/36 | €152,301 | €142,101 | -€10,200 | -6.7% |
| Amounts receivable within one year | 40/41 | €19,581 | €12,896 | -€6,685 | -34.1% |
| Trade receivables | 40 | €13,819 | €7,196 | -€6,623 | -47.9% |
| Other amounts receivable | 41 | €5,763 | €5,700 | -€63 | -1.1% |
| Current investments | 50/53 | €57,578 | €48,420 | -€9,157 | -15.9% |
| Cash at bank and in hand | 54/58 | €12,958 | €7,723 | -€5,235 | -40.4% |
| Deferred charges and accrued income | 490/1 | €581 | €205 | -€377 | -64.8% |
| Total equity and liabilities | 10/49 | €309,461 | €255,189 | -€54,271 | -17.5% |
| Equity | 10/15 | €189,934 | €154,381 | -€35,554 | -18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,334 | €135,781 | -€35,554 | -20.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €171,334 | €135,781 | -€35,554 | -20.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €119,526 | €100,809 | -€18,717 | -15.7% |
| Amounts payable after more than one year | 17 | €43,891 | €31,333 | -€12,558 | -28.6% |
| Financial debts | 170/4 | €43,891 | €31,333 | -€12,558 | -28.6% |
| Amounts payable within one year | 42/48 | €75,635 | €69,476 | -€6,159 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €15,462 | €12,558 | -€2,903 | -18.8% |
| Financial debts | 43 | €25,963 | €23,214 | -€2,748 | -10.6% |
| Credit institutions | 430/8 | €25,963 | €23,214 | -€2,748 | -10.6% |
| Trade debts | 44 | €8,833 | €5,735 | -€3,098 | -35.1% |
| Suppliers | 440/4 | €8,833 | €5,735 | -€3,098 | -35.1% |
| Taxes, remuneration and social security | 45 | €25,378 | €26,839 | +€1,461 | +5.8% |
| Taxes | 450/3 | €25,378 | €26,839 | +€1,461 | +5.8% |
| Other amounts payable | 47/48 | - | €1,130 | +€1,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,187 | €1,150 | -€37 | -3.1% |
| Other operating charges | 640/8 | €914 | €1,797 | +€883 | +96.6% |
| Non-recurring operating charges | 66A | €1,550 | €0 | -€1,550 | -100% |
| Gross operating margin | 9900 | €12,759 | -€1,786 | -€14,546 | |
| Operating profit (loss) | 9901 | €9,108 | -€4,733 | -€13,842 | |
| Financial income | 75/76B | €2,446 | €2,590 | +€144 | +5.9% |
| Recurring financial income | 75 | €2,446 | €2,590 | +€144 | +5.9% |
| Financial charges | 65/66B | €10,045 | €9,604 | -€441 | -4.4% |
| Recurring financial charges | 65 | €10,045 | €9,604 | -€441 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €1,510 | -€11,748 | -€13,257 | |
| Income taxes | 67/77 | €2,301 | €1,210 | -€1,091 | -47.4% |
| Profit (loss) for the period | 9904 | -€791 | -€12,957 | -€12,166 | -1,538% |
| Profit (loss) for the period to be appropriated | 9905 | -€791 | -€12,957 | -€12,166 | -1,538% |
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 25 October 2026 via checked.be.