BLUE MIND: 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 MIND
Largest movements
- Receivables within one year -€84,619
down €84,619 (-100%), from €84,619 to €0
of which Trade receivables: -€79,200
- Tangible fixed assets -€48,300
down €48,300 (-3.7%), from €1.3m to €1.3m
of which Other tangible fixed assets: -€25,000
- Debts after one year -€101,104
down €101,104 (-11.8%), from €857,997 to €756,893
- Profit (loss) carried forward -€82,059
down €82,059, from €0 to -€82,059
- Other debts +€73,346
up €73,346 (+56.5%), from €129,850 to €203,196
- Trade debts -€20,405
down €20,405 (-98.4%), from €20,731 to €326
- Gross operating margin -€124,586
down €124,586 (-86.7%), from €143,655 to €19,069
- Taxes -€12,625
down €12,625 (-98.2%), from €12,858 to €233
- Other operating charges +€1,732
up €1,732 (+24.6%), from €7,047 to €8,778
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 | €1,418,404 | €1,286,115 | -€132,290 | -9.3% |
| Fixed assets | 21/28 | €1,312,142 | €1,263,842 | -€48,300 | -3.7% |
| Tangible fixed assets | 22/27 | €1,312,142 | €1,263,842 | -€48,300 | -3.7% |
| Land and buildings | 22 | €930,526 | €906,451 | -€24,075 | -2.6% |
| Plant, machinery and equipment | 23 | €2,312 | €1,340 | -€972 | -42.0% |
| Furniture and vehicles | 24 | - | €1,747 | +€1,747 | |
| Other tangible fixed assets | 26 | €379,303 | €354,303 | -€25,000 | -6.6% |
| Current assets | 29/58 | €106,262 | €22,273 | -€83,990 | -79.0% |
| Amounts receivable within one year | 40/41 | €84,619 | €0 | -€84,619 | -100% |
| Trade receivables | 40 | €79,200 | €0 | -€79,200 | -100% |
| Other amounts receivable | 41 | €5,419 | €0 | -€5,419 | -100% |
| Cash at bank and in hand | 54/58 | €18,368 | €15,446 | -€2,922 | -15.9% |
| Deferred charges and accrued income | 490/1 | €3,276 | €6,827 | +€3,551 | +108% |
| Total equity and liabilities | 10/49 | €1,418,404 | €1,286,115 | -€132,290 | -9.3% |
| Equity | 10/15 | €291,590 | €209,532 | -€82,059 | -28.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €272,590 | €272,590 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,687 | €15,687 | = | 0.0% |
| Distributable reserves | 133 | €256,903 | €256,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€82,059 | -€82,059 | |
| Amounts payable | 17/49 | €1,126,814 | €1,076,583 | -€50,231 | -4.5% |
| Amounts payable after more than one year | 17 | €857,997 | €756,893 | -€101,104 | -11.8% |
| Financial debts | 170/4 | €857,997 | €756,893 | -€101,104 | -11.8% |
| Amounts payable within one year | 42/48 | €268,817 | €319,690 | +€50,873 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €99,947 | €101,104 | +€1,156 | +1.2% |
| Trade debts | 44 | €20,731 | €326 | -€20,405 | -98.4% |
| Suppliers | 440/4 | €20,731 | €326 | -€20,405 | -98.4% |
| Taxes, remuneration and social security | 45 | €18,289 | €15,064 | -€3,225 | -17.6% |
| Taxes | 450/3 | €18,289 | €15,064 | -€3,225 | -17.6% |
| Other amounts payable | 47/48 | €129,850 | €203,196 | +€73,346 | +56.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,713 | €64,442 | +€729 | +1.1% |
| Other operating charges | 640/8 | €7,047 | €8,778 | +€1,732 | +24.6% |
| Gross operating margin | 9900 | €143,655 | €19,069 | -€124,586 | -86.7% |
| Operating profit (loss) | 9901 | €72,895 | -€54,151 | -€127,046 | |
| Financial income | 75/76B | €75 | €0 | -€75 | -99.8% |
| Recurring financial income | 75 | €75 | €0 | -€75 | -99.8% |
| Financial charges | 65/66B | €26,322 | €27,674 | +€1,353 | +5.1% |
| Recurring financial charges | 65 | €26,322 | €27,674 | +€1,353 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €46,649 | -€81,825 | -€128,474 | |
| Income taxes | 67/77 | €12,858 | €233 | -€12,625 | -98.2% |
| Profit (loss) for the period | 9904 | €33,791 | -€82,059 | -€115,849 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,791 | -€82,059 | -€115,849 |
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 23 October 2026 via checked.be.