BLUE LAND: 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 LAND
Largest movements
- Cash -€60,830
down €60,830 (-86.7%), from €70,172 to €9,342
mainly Other debts (-€57,011) and Net result for the year (-€21,190)
- Stocks and contracts -€22,073
no longer reported in 2024 (was €22,073)
- Financial fixed assets -€3,362
no longer reported in 2024 (was €3,362)
- Tangible fixed assets +€2,492
up €2,492 (+519%), from €480 to €2,973
of which Other tangible fixed assets: +€2,058
- Other debts -€57,011
down €57,011 (-95.9%), from €59,462 to €2,450
- Profit (loss) carried forward -€21,190
down €21,190, from €5,798 to -€15,392
- Tax, wage and social debts -€5,019
down €5,019 (-44.9%), from €11,185 to €6,166
of which Remuneration and social security: -€9,000
- Gross operating margin +€3,913
up €3,913 (+18.9%), from -€20,737 to -€16,824
- Write-downs +€3,830
new in 2024: €3,830
- Depreciation -€760
down €760 (-89.8%), from €847 to €87
- Other operating charges -€350
no longer reported in 2024 (was €350)
- Financial charges +€265
up €265 (+125%), from €212 to €477
of which Non-recurring financial charges: +€243
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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,951 | €13,790 | -€84,161 | -85.9% |
| Fixed assets | 21/28 | €3,842 | €2,973 | -€870 | -22.6% |
| Tangible fixed assets | 22/27 | €480 | €2,973 | +€2,492 | +519% |
| Furniture and vehicles | 24 | €238 | €672 | +€435 | +183% |
| Other tangible fixed assets | 26 | €243 | €2,300 | +€2,058 | +848% |
| Financial fixed assets | 28 | €3,362 | - | -€3,362 | |
| Current assets | 29/58 | €94,109 | €10,817 | -€83,292 | -88.5% |
| Stocks and contracts in progress | 3 | €22,073 | - | -€22,073 | |
| Stocks | 30/36 | €22,073 | - | -€22,073 | |
| Amounts receivable within one year | 40/41 | €571 | €1,475 | +€904 | +158% |
| Trade receivables | 40 | €569 | €1,475 | +€906 | +159% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Current investments | 50/53 | €555 | - | -€555 | |
| Cash at bank and in hand | 54/58 | €70,172 | €9,342 | -€60,830 | -86.7% |
| Deferred charges and accrued income | 490/1 | €737 | - | -€737 | |
| Total equity and liabilities | 10/49 | €97,951 | €13,790 | -€84,161 | -85.9% |
| Equity | 10/15 | €26,258 | €5,068 | -€21,190 | -80.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €5,798 | -€15,392 | -€21,190 | |
| Amounts payable | 17/49 | €71,694 | €8,722 | -€62,971 | -87.8% |
| Amounts payable within one year | 42/48 | €71,436 | €8,722 | -€62,714 | -87.8% |
| Trade debts | 44 | €789 | €105 | -€683 | -86.6% |
| Suppliers | 440/4 | €789 | €105 | -€683 | -86.6% |
| Taxes, remuneration and social security | 45 | €11,185 | €6,166 | -€5,019 | -44.9% |
| Taxes | 450/3 | €2,185 | €6,166 | +€3,981 | +182% |
| Remuneration and social security | 454/9 | €9,000 | - | -€9,000 | |
| Other amounts payable | 47/48 | €59,462 | €2,450 | -€57,011 | -95.9% |
| Accrued charges and deferred income | 492/3 | €258 | - | -€258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €87 | -€760 | -89.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,830 | +€3,830 | |
| Other operating charges | 640/8 | €350 | - | -€350 | |
| Gross operating margin | 9900 | -€20,737 | -€16,824 | +€3,913 | +18.9% |
| Operating profit (loss) | 9901 | -€21,934 | -€20,741 | +€1,194 | +5.4% |
| Financial income | 75/76B | €54 | €36 | -€17 | -32.1% |
| Recurring financial income | 75 | €54 | €36 | -€17 | -32.1% |
| Non-recurring financial income | 76B | - | €36 | +€36 | |
| Financial charges | 65/66B | €212 | €477 | +€265 | +125% |
| Recurring financial charges | 65 | €212 | €235 | +€22 | +10.6% |
| Non-recurring financial charges | 66B | - | €243 | +€243 | |
| Profit (loss) for the period before taxes | 9903 | -€22,093 | -€21,182 | +€911 | +4.1% |
| Income taxes | 67/77 | €248 | €8 | -€239 | -96.6% |
| Profit (loss) for the period | 9904 | -€22,341 | -€21,190 | +€1,151 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,341 | -€21,190 | +€1,151 | +5.2% |
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 25 October 2026 via checked.be.