BLUE GREEN: what changed
Two fiscal 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 GREEN
Largest movements
- Stocks and contracts -€8,650
down €8,650 (-6.5%), from €132,132 to €123,482
- Cash -€7,698
down €7,698 (-51.0%), from €15,080 to €7,382
mainly Net result for the year (-€18,203) and Short-term financial debts (-€14,874)
- Tangible fixed assets -€2,539
down €2,539 (-44.8%), from €5,664 to €3,125
- Intangible fixed assets -€1,834
down €1,834 (-52.2%), from €3,514 to €1,679
- Other debts +€22,049
up €22,049 (+10.5%), from €210,387 to €232,436
- Profit (loss) carried forward -€18,203
down €18,203 (-13.9%), from -€130,784 to -€148,987
- Short-term financial debts -€14,874
down €14,874 (-100.0%), from €14,874 to €0
- Debts after one year -€9,000
down €9,000 (-100.0%), from €9,000 to €0
- Gross operating margin +€5,521
up €5,521 (+31.7%), from -€17,405 to -€11,885
- Other operating charges +€691
up €691 (+81.7%), from €846 to €1,537
- Depreciation -€463
down €463 (-9.6%), from €4,837 to €4,373
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 | €159,469 | €139,885 | -€19,584 | -12.3% |
| Fixed assets | 21/28 | €9,177 | €4,804 | -€4,373 | -47.7% |
| Intangible fixed assets | 21 | €3,514 | €1,679 | -€1,834 | -52.2% |
| Tangible fixed assets | 22/27 | €5,664 | €3,125 | -€2,539 | -44.8% |
| Furniture and vehicles | 24 | €5,664 | €3,125 | -€2,539 | -44.8% |
| Current assets | 29/58 | €150,291 | €135,081 | -€15,210 | -10.1% |
| Stocks and contracts in progress | 3 | €132,132 | €123,482 | -€8,650 | -6.5% |
| Stocks | 30/36 | €132,132 | €123,482 | -€8,650 | -6.5% |
| Amounts receivable within one year | 40/41 | €3,079 | €4,217 | +€1,138 | +37.0% |
| Trade receivables | 40 | €1,226 | €4,150 | +€2,925 | +238.6% |
| Other amounts receivable | 41 | €1,853 | €67 | -€1,787 | -96.4% |
| Cash at bank and in hand | 54/58 | €15,080 | €7,382 | -€7,698 | -51.0% |
| Total equity and liabilities | 10/49 | €159,469 | €139,885 | -€19,584 | -12.3% |
| Equity | 10/15 | -€110,333 | -€128,536 | -€18,203 | -16.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,784 | -€148,987 | -€18,203 | -13.9% |
| Amounts payable | 17/49 | €269,801 | €268,421 | -€1,381 | -0.5% |
| Amounts payable after more than one year | 17 | €9,000 | €0 | -€9,000 | -100.0% |
| Financial debts | 170/4 | €9,000 | €0 | -€9,000 | -100.0% |
| Amounts payable within one year | 42/48 | €238,853 | €246,473 | +€7,619 | +3.2% |
| Financial debts | 43 | €14,874 | €0 | -€14,874 | -100.0% |
| Other loans | 439 | €14,874 | €0 | -€14,874 | -100.0% |
| Trade debts | 44 | €13,593 | €12,609 | -€984 | -7.2% |
| Suppliers | 440/4 | €13,593 | €12,609 | -€984 | -7.2% |
| Taxes, remuneration and social security | 45 | €0 | €1,428 | +€1,428 | |
| Taxes | 450/3 | €0 | €1,428 | +€1,428 | |
| Other amounts payable | 47/48 | €210,387 | €232,436 | +€22,049 | +10.5% |
| Accrued charges and deferred income | 492/3 | €21,948 | €21,948 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,837 | €4,373 | -€463 | -9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €846 | €1,537 | +€691 | +81.7% |
| Gross operating margin | 9900 | -€17,405 | -€11,885 | +€5,521 | +31.7% |
| Operating profit (loss) | 9901 | -€23,088 | -€17,796 | +€5,292 | +22.9% |
| Financial income | 75/76B | €0 | €95 | +€95 | +950200.0% |
| Recurring financial income | 75 | €0 | €95 | +€95 | +950200.0% |
| Financial charges | 65/66B | €125 | €157 | +€31 | +25.2% |
| Recurring financial charges | 65 | €125 | €157 | +€31 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,213 | -€17,857 | +€5,356 | +23.1% |
| Income taxes | 67/77 | €367 | €346 | -€21 | -5.6% |
| Profit (loss) for the period | 9904 | -€23,579 | -€18,203 | +€5,376 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,579 | -€18,203 | +€5,376 | +22.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.