BLUE FOREST: 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 FOREST
Largest movements
- Receivables within one year -€3,968
down €3,968 (-2.4%), from €165,350 to €161,382
of which Trade receivables: -€11,651
- Trade debts -€15,637
no longer reported in 2024 (was €15,637)
- Other debts +€9,485
up €9,485 (+52.3%), from €18,144 to €27,629
- Gross operating margin -€1,773
down €1,773 (-24.5%), from €7,244 to €5,471
- Financial income +€1,100
up €1,100 (+100.0%), from €1,100 to €2,200
- Financial charges -€412
down €412 (-5.8%), from €7,063 to €6,651
- Other operating charges -€215
no longer reported in 2024 (was €215)
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,432 | €260,451 | -€4,980 | -1.9% |
| Fixed assets | 21/28 | €28,669 | €27,669 | -€1,000 | -3.5% |
| Intangible fixed assets | 21 | €20,600 | €20,600 | = | 0.0% |
| Tangible fixed assets | 22/27 | €8,050 | €7,050 | -€1,000 | -12.4% |
| Furniture and vehicles | 24 | €8,050 | €7,050 | -€1,000 | -12.4% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €236,762 | €232,782 | -€3,980 | -1.7% |
| Amounts receivable after more than one year | 29 | €1,664 | €1,664 | = | 0.0% |
| Other amounts receivable | 291 | €1,664 | €1,664 | = | 0.0% |
| Stocks and contracts in progress | 3 | €57,037 | €57,037 | = | 0.0% |
| Stocks | 30/36 | €57,037 | €57,037 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €165,350 | €161,382 | -€3,968 | -2.4% |
| Trade receivables | 40 | €73,251 | €61,600 | -€11,651 | -15.9% |
| Other amounts receivable | 41 | €92,099 | €99,783 | +€7,684 | +8.3% |
| Deferred charges and accrued income | 490/1 | €12,711 | €12,699 | -€12 | -0.1% |
| Total equity and liabilities | 10/49 | €265,432 | €260,451 | -€4,980 | -1.9% |
| Equity | 10/15 | €155,810 | €155,830 | +€20 | 0.0% |
| 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% |
| Reserves | 13 | €1,079 | €1,079 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,079 | €1,079 | = | 0.0% |
| Legal reserve | 130 | €1,079 | €1,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,731 | €54,751 | +€20 | 0.0% |
| Amounts payable | 17/49 | €109,621 | €104,621 | -€5,000 | -4.6% |
| Amounts payable within one year | 42/48 | €109,621 | €104,621 | -€5,000 | -4.6% |
| Financial debts | 43 | €69,228 | €70,509 | +€1,281 | +1.9% |
| Credit institutions | 430/8 | €69,228 | €70,509 | +€1,281 | +1.9% |
| Trade debts | 44 | €15,637 | - | -€15,637 | |
| Suppliers | 440/4 | €15,637 | - | -€15,637 | |
| Taxes, remuneration and social security | 45 | €6,612 | €6,484 | -€129 | -1.9% |
| Taxes | 450/3 | €6,612 | €6,484 | -€129 | -1.9% |
| Other amounts payable | 47/48 | €18,144 | €27,629 | +€9,485 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €215 | - | -€215 | |
| Gross operating margin | 9900 | €7,244 | €5,471 | -€1,773 | -24.5% |
| Operating profit (loss) | 9901 | €6,029 | €4,471 | -€1,558 | -25.8% |
| Financial income | 75/76B | €1,100 | €2,200 | +€1,100 | +100.0% |
| Recurring financial income | 75 | €1,100 | €2,200 | +€1,100 | +100.0% |
| Financial charges | 65/66B | €7,063 | €6,651 | -€412 | -5.8% |
| Recurring financial charges | 65 | €7,063 | €6,651 | -€412 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €66 | €20 | -€46 | -69.8% |
| Profit (loss) for the period | 9904 | €66 | €20 | -€46 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66 | €20 | -€46 | -69.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.