Blue Moon: 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 Moon
Largest movements
- Receivables within one year +€49,728
up €49,728 (+55.2%), from €90,157 to €139,885
of which Trade receivables: +€50,880
- Cash -€36,006
down €36,006 (-52.8%), from €68,170 to €32,165
mainly Receivables within one year (-€49,728) and Net result for the year (-€30,433)
- Tangible fixed assets -€14,552
down €14,552 (-9.8%), from €148,042 to €133,491
of which Land and buildings: -€12,354
- Deferred charges and accrued income -€4,077
down €4,077 (-30.9%), from €13,180 to €9,103
- Trade debts +€47,907
up €47,907 (+29.7%), from €161,123 to €209,030
- Profit (loss) carried forward -€30,433
down €30,433, from €3,983 to -€26,450
- Debts after one year -€22,505
down €22,505 (-14.6%), from €153,813 to €131,308
of which Financial debts: -€19,705
- Gross operating margin -€50,298
down €50,298 (-45.7%), from €110,099 to €59,801
- Taxes -€9,887
down €9,887 (-96.0%), from €10,295 to €407
- Financial charges +€7,462
up €7,462 (+139%), from €5,373 to €12,835
- Staff costs +€2,500
up €2,500 (+4.5%), from €55,973 to €58,474
- Other operating charges +€1,141
up €1,141 (+37.3%), from €3,058 to €4,199
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 | €406,436 | €405,034 | -€1,402 | -0.3% |
| Fixed assets | 21/28 | €148,121 | €133,570 | -€14,552 | -9.8% |
| Tangible fixed assets | 22/27 | €148,042 | €133,491 | -€14,552 | -9.8% |
| Land and buildings | 22 | €139,432 | €127,078 | -€12,354 | -8.9% |
| Plant, machinery and equipment | 23 | €4,268 | €3,668 | -€600 | -14.1% |
| Furniture and vehicles | 24 | €4,343 | €2,745 | -€1,598 | -36.8% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €258,315 | €271,464 | +€13,150 | +5.1% |
| Stocks and contracts in progress | 3 | €86,808 | €90,311 | +€3,504 | +4.0% |
| Stocks | 30/36 | €86,808 | €90,311 | +€3,504 | +4.0% |
| Amounts receivable within one year | 40/41 | €90,157 | €139,885 | +€49,728 | +55.2% |
| Trade receivables | 40 | €88,756 | €139,636 | +€50,880 | +57.3% |
| Other amounts receivable | 41 | €1,401 | €249 | -€1,151 | -82.2% |
| Cash at bank and in hand | 54/58 | €68,170 | €32,165 | -€36,006 | -52.8% |
| Deferred charges and accrued income | 490/1 | €13,180 | €9,103 | -€4,077 | -30.9% |
| Total equity and liabilities | 10/49 | €406,436 | €405,034 | -€1,402 | -0.3% |
| Equity | 10/15 | €45,683 | €15,250 | -€30,433 | -66.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,100 | €23,100 | = | 0.0% |
| Distributable reserves | 133 | €23,100 | €23,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,983 | -€26,450 | -€30,433 | |
| Amounts payable | 17/49 | €360,753 | €389,784 | +€29,031 | +8.0% |
| Amounts payable after more than one year | 17 | €153,813 | €131,308 | -€22,505 | -14.6% |
| Financial debts | 170/4 | €43,813 | €24,108 | -€19,705 | -45.0% |
| Other amounts payable | 178/9 | €110,000 | €107,200 | -€2,800 | -2.5% |
| Amounts payable within one year | 42/48 | €206,940 | €256,707 | +€49,766 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €18,860 | €19,705 | +€845 | +4.5% |
| Trade debts | 44 | €161,123 | €209,030 | +€47,907 | +29.7% |
| Suppliers | 440/4 | €161,123 | €209,030 | +€47,907 | +29.7% |
| Advances received on contracts in progress | 46 | €4,125 | €3,964 | -€161 | -3.9% |
| Taxes, remuneration and social security | 45 | €15,515 | €14,736 | -€779 | -5.0% |
| Taxes | 450/3 | €7,767 | €7,896 | +€129 | +1.7% |
| Remuneration and social security | 454/9 | €7,748 | €6,840 | -€908 | -11.7% |
| Other amounts payable | 47/48 | €7,317 | €9,272 | +€1,955 | +26.7% |
| Accrued charges and deferred income | 492/3 | - | €1,770 | +€1,770 | |
| Remuneration, social security and pensions | 62 | €55,973 | €58,474 | +€2,500 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,429 | €14,552 | +€123 | +0.9% |
| Other operating charges | 640/8 | €3,058 | €4,199 | +€1,141 | +37.3% |
| Gross operating margin | 9900 | €110,099 | €59,801 | -€50,298 | -45.7% |
| Operating profit (loss) | 9901 | €36,640 | -€17,423 | -€54,063 | |
| Financial income | 75/76B | €0 | €232 | +€232 | +59,482% |
| Recurring financial income | 75 | €0 | €232 | +€232 | +59,482% |
| Financial charges | 65/66B | €5,373 | €12,835 | +€7,462 | +139% |
| Recurring financial charges | 65 | €5,373 | €12,835 | +€7,462 | +139% |
| Profit (loss) for the period before taxes | 9903 | €31,267 | -€30,025 | -€61,292 | |
| Income taxes | 67/77 | €10,295 | €407 | -€9,887 | -96.0% |
| Profit (loss) for the period | 9904 | €20,972 | -€30,433 | -€51,405 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,972 | -€30,433 | -€51,405 |
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 16 October 2026 via checked.be.