Blue Goose: 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 Goose
Largest movements
- Receivables within one year +€48,887
up €48,887 (+10.7%), from €458,970 to €507,857
of which Other amounts receivable: +€60,950
- Trade debts -€152,724
down €152,724 (-65.1%), from €234,538 to €81,814
- Accrued charges and deferred income +€114,000
new in 2025: €114,000
- Reserves +€78,800
up €78,800 (+117%), from €67,230 to €146,030
of which Distributable reserves: +€91,430
- Tax, wage and social debts +€14,073
up €14,073 (+13.3%), from €106,121 to €120,194
of which Taxes: +€19,618
- Advances received -€6,386
no longer reported in 2025 (was €6,386)
- Write-downs -€675,068
down €675,068, from €327,225 to -€347,843
- Purchases and services -€633,100
down €633,100 (-41.2%), from €1.5m to €903,633
- Gross operating margin -€526,707
down €526,707 (-74.6%), from €706,323 to €179,616
- Turnover -€260,567
down €260,567 (-13.8%), from €1.9m to €1.6m
- Staff costs -€60,207
down €60,207 (-12.4%), from €485,672 to €425,465
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 | €477,167 | €524,974 | +€47,807 | +10.0% |
| Fixed assets | 21/28 | €9,078 | €4,857 | -€4,221 | -46.5% |
| Intangible fixed assets | 21 | €1,041 | €558 | -€482 | -46.3% |
| Tangible fixed assets | 22/27 | €8,037 | €4,299 | -€3,738 | -46.5% |
| Plant, machinery and equipment | 23 | €8,037 | €4,299 | -€3,738 | -46.5% |
| Current assets | 29/58 | €468,089 | €520,117 | +€52,028 | +11.1% |
| Amounts receivable within one year | 40/41 | €458,970 | €507,857 | +€48,887 | +10.7% |
| Trade receivables | 40 | €378,363 | €366,300 | -€12,063 | -3.2% |
| Other amounts receivable | 41 | €80,607 | €141,557 | +€60,950 | +75.6% |
| Cash at bank and in hand | 54/58 | €5,661 | €6,917 | +€1,257 | +22.2% |
| Deferred charges and accrued income | 490/1 | €3,458 | €5,342 | +€1,884 | +54.5% |
| Total equity and liabilities | 10/49 | €477,167 | €524,974 | +€47,807 | +10.0% |
| Equity | 10/15 | €129,210 | €208,094 | +€78,884 | +61.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €67,230 | €146,030 | +€78,800 | +117% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,630 | - | -€12,630 | |
| Distributable reserves | 133 | €48,400 | €139,830 | +€91,430 | +189% |
| Profit (loss) carried forward | 14 | -€20 | €64 | +€84 | |
| Provisions and deferred taxes | 16 | €912 | €872 | -€40 | -4.4% |
| Provisions for liabilities and charges | 160/5 | €912 | €872 | -€40 | -4.4% |
| Pensions and similar obligations | 160 | €912 | €872 | -€40 | -4.4% |
| Amounts payable | 17/49 | €347,045 | €316,008 | -€31,037 | -8.9% |
| Amounts payable within one year | 42/48 | €347,045 | €202,008 | -€145,037 | -41.8% |
| Trade debts | 44 | €234,538 | €81,814 | -€152,724 | -65.1% |
| Suppliers | 440/4 | €234,538 | €81,814 | -€152,724 | -65.1% |
| Advances received on contracts in progress | 46 | €6,386 | - | -€6,386 | |
| Taxes, remuneration and social security | 45 | €106,121 | €120,194 | +€14,073 | +13.3% |
| Taxes | 450/3 | €39,049 | €58,667 | +€19,618 | +50.2% |
| Remuneration and social security | 454/9 | €67,072 | €61,527 | -€5,545 | -8.3% |
| Accrued charges and deferred income | 492/3 | - | €114,000 | +€114,000 | |
| Turnover | 70 | €1,894,624 | €1,634,057 | -€260,567 | -13.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,536,733 | €903,633 | -€633,100 | -41.2% |
| Remuneration, social security and pensions | 62 | €485,672 | €425,465 | -€60,207 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,179 | €4,221 | +€41 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €327,225 | -€347,843 | -€675,068 | |
| Other operating charges | 640/8 | €2,802 | €2,692 | -€110 | -3.9% |
| Gross operating margin | 9900 | €706,323 | €179,616 | -€526,707 | -74.6% |
| Operating profit (loss) | 9901 | -€113,555 | €95,081 | +€208,636 | |
| Financial income | 75/76B | €308 | €7 | -€301 | -97.8% |
| Recurring financial income | 75 | €308 | €7 | -€301 | -97.8% |
| Financial charges | 65/66B | €14,376 | €14,890 | +€514 | +3.6% |
| Recurring financial charges | 65 | €14,376 | €14,890 | +€514 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€127,624 | €80,197 | +€207,821 | |
| Income taxes | 67/77 | €1,830 | €1,313 | -€517 | -28.2% |
| Profit (loss) for the period | 9904 | -€129,454 | €78,884 | +€208,338 | |
| Transfer from tax-exempt reserves | 789 | - | €12,630 | +€12,630 | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,454 | €91,514 | +€220,968 |
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 22 October 2026 via checked.be.