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
- Tangible fixed assets +€1.1m
up €1.1m (+135.7%), from €809,729 to €1.9m
- Receivables within one year -€129,352
down €129,352 (-99.7%), from €129,703 to €351
of which Trade receivables: -€129,349
- Debts after one year +€520,029
new in 2025: €520,029
- Other debts +€429,319
up €429,319 (+45.7%), from €939,759 to €1.4m
- Current portion of long-term debt +€30,097
new in 2025: €30,097
- Gross operating margin +€107,131
up €107,131 (+649.7%), from €16,489 to €123,620
- Depreciation +€33,669
up €33,669 (+54.3%), from €62,030 to €95,698
- Financial charges +€19,839
up €19,839 (+842.4%), from €2,355 to €22,194
- Other operating charges +€4,574
up €4,574 (+1052.9%), from €434 to €5,008
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 | €1,046,874 | €2,026,991 | +€980,116 | +93.6% |
| Fixed assets | 21/28 | €809,729 | €1,908,347 | +€1.1m | +135.7% |
| Tangible fixed assets | 22/27 | €809,729 | €1,908,347 | +€1.1m | +135.7% |
| Land and buildings | 22 | €809,729 | €1,908,347 | +€1.1m | +135.7% |
| Current assets | 29/58 | €237,145 | €118,644 | -€118,502 | -50.0% |
| Amounts receivable within one year | 40/41 | €129,703 | €351 | -€129,352 | -99.7% |
| Trade receivables | 40 | €129,692 | €343 | -€129,349 | -99.7% |
| Other amounts receivable | 41 | €11 | €8 | -€3 | -24.1% |
| Cash at bank and in hand | 54/58 | €107,382 | €118,229 | +€10,847 | +10.1% |
| Deferred charges and accrued income | 490/1 | €60 | €64 | +€4 | +5.9% |
| Total equity and liabilities | 10/49 | €1,046,874 | €2,026,991 | +€980,116 | +93.6% |
| Equity | 10/15 | €101,670 | €102,390 | +€720 | +0.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,330 | -€47,610 | +€720 | +1.5% |
| Amounts payable | 17/49 | €945,204 | €1,924,601 | +€979,397 | +103.6% |
| Amounts payable after more than one year | 17 | - | €520,029 | +€520,029 | |
| Financial debts | 170/4 | - | €520,029 | +€520,029 | |
| Amounts payable within one year | 42/48 | €943,154 | €1,403,223 | +€460,069 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | - | €30,097 | +€30,097 | |
| Trade debts | 44 | €2,548 | €3,245 | +€697 | +27.4% |
| Suppliers | 440/4 | €2,548 | €3,245 | +€697 | +27.4% |
| Taxes, remuneration and social security | 45 | €848 | €804 | -€44 | -5.2% |
| Taxes | 450/3 | €848 | €804 | -€44 | -5.2% |
| Other amounts payable | 47/48 | €939,759 | €1,369,077 | +€429,319 | +45.7% |
| Accrued charges and deferred income | 492/3 | €2,050 | €1,349 | -€701 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,030 | €95,698 | +€33,669 | +54.3% |
| Other operating charges | 640/8 | €434 | €5,008 | +€4,574 | +1052.9% |
| Gross operating margin | 9900 | €16,489 | €123,620 | +€107,131 | +649.7% |
| Operating profit (loss) | 9901 | -€45,975 | €22,914 | +€68,889 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,355 | €22,194 | +€19,839 | +842.4% |
| Recurring financial charges | 65 | €2,355 | €22,194 | +€19,839 | +842.4% |
| Profit (loss) for the period before taxes | 9903 | -€48,330 | €720 | +€49,050 | |
| Profit (loss) for the period | 9904 | -€48,330 | €720 | +€49,050 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,330 | €720 | +€49,050 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.