BLUE IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€26,912
down €26,912 (-3.5%), from €775,123 to €748,211
- Debts after one year -€59,294
down €59,294 (-7.4%), from €800,194 to €740,900
of which Financial debts: -€44,502
- Profit (loss) carried forward +€29,792
up €29,792 (+27.6%), from -€108,112 to -€78,320
- Depreciation -€23,007
down €23,007 (-46.1%), from €49,919 to €26,912
- Gross operating margin +€21,352
up €21,352 (+26.2%), from €81,560 to €102,912
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 | €790,404 | €753,697 | -€36,707 | -4.6% |
| Fixed assets | 21/28 | €775,123 | €748,211 | -€26,912 | -3.5% |
| Tangible fixed assets | 22/27 | €775,123 | €748,211 | -€26,912 | -3.5% |
| Land and buildings | 22 | €775,123 | €748,211 | -€26,912 | -3.5% |
| Current assets | 29/58 | €15,281 | €5,486 | -€9,795 | -64.1% |
| Amounts receivable within one year | 40/41 | - | €79 | +€79 | |
| Trade receivables | 40 | - | €79 | +€79 | |
| Cash at bank and in hand | 54/58 | €10,271 | €5,407 | -€4,864 | -47.4% |
| Deferred charges and accrued income | 490/1 | €5,010 | - | -€5,010 | |
| Total equity and liabilities | 10/49 | €790,404 | €753,697 | -€36,707 | -4.6% |
| Equity | 10/15 | -€77,112 | -€47,320 | +€29,792 | +38.6% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,112 | -€78,320 | +€29,792 | +27.6% |
| Amounts payable | 17/49 | €867,515 | €801,017 | -€66,498 | -7.7% |
| Amounts payable after more than one year | 17 | €800,194 | €740,900 | -€59,294 | -7.4% |
| Financial debts | 170/4 | €616,293 | €571,791 | -€44,502 | -7.2% |
| Other amounts payable | 178/9 | €183,900 | €169,109 | -€14,791 | -8.0% |
| Amounts payable within one year | 42/48 | €61,639 | €56,832 | -€4,807 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €45,720 | €48,109 | +€2,390 | +5.2% |
| Trade debts | 44 | €15,601 | €8,722 | -€6,878 | -44.1% |
| Suppliers | 440/4 | €15,601 | €8,722 | -€6,878 | -44.1% |
| Other amounts payable | 47/48 | €318 | - | -€318 | |
| Accrued charges and deferred income | 492/3 | €5,683 | €3,285 | -€2,398 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,919 | €26,912 | -€23,007 | -46.1% |
| Other operating charges | 640/8 | €9,170 | €9,159 | -€11 | -0.1% |
| Non-recurring operating charges | 66A | - | €80 | +€80 | |
| Gross operating margin | 9900 | €81,560 | €102,912 | +€21,352 | +26.2% |
| Operating profit (loss) | 9901 | €22,471 | €66,761 | +€44,290 | +197.1% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €37,985 | €36,972 | -€1,013 | -2.7% |
| Recurring financial charges | 65 | €37,985 | €36,972 | -€1,013 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,514 | €29,792 | +€45,306 | |
| Profit (loss) for the period | 9904 | -€15,514 | €29,792 | +€45,306 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,514 | €29,792 | +€45,306 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.