BLUE MOON CAMPUS: 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 CAMPUS
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+91.3%), from €1.3m to €2.5m
- Financial fixed assets +€962,323
up €962,323 (+44.8%), from €2.2m to €3.1m
- Revaluation surpluses +€2.2m
up €2.2m (+350%), from €615,716 to €2.8m
- Debts after one year -€108,722
down €108,722 (-6.2%), from €1.8m to €1.6m
- Other debts +€90,000
up €90,000 (+34.0%), from €265,000 to €355,000
- Financial charges -€4,237
down €4,237 (-5.3%), from €79,213 to €74,976
- Gross operating margin +€3,058
up €3,058 (+2.6%), from €119,006 to €122,064
- Taxes +€1,823
up €1,823 (+28.5%), from €6,402 to €8,225
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 | €3,481,821 | €5,645,779 | +€2.2m | +62.2% |
| Fixed assets | 21/28 | €3,439,246 | €5,578,806 | +€2.1m | +62.2% |
| Tangible fixed assets | 22/27 | €1,289,246 | €2,466,483 | +€1.2m | +91.3% |
| Land and buildings | 22 | €1,289,246 | €2,466,483 | +€1.2m | +91.3% |
| Financial fixed assets | 28 | €2,150,000 | €3,112,323 | +€962,323 | +44.8% |
| Current assets | 29/58 | €42,575 | €66,973 | +€24,399 | +57.3% |
| Amounts receivable within one year | 40/41 | €6,321 | €1,873 | -€4,449 | -70.4% |
| Other amounts receivable | 41 | €6,321 | €1,873 | -€4,449 | -70.4% |
| Cash at bank and in hand | 54/58 | €36,253 | €65,101 | +€28,847 | +79.6% |
| Total equity and liabilities | 10/49 | €3,481,821 | €5,645,779 | +€2.2m | +62.2% |
| Equity | 10/15 | €1,357,492 | €3,535,795 | +€2.2m | +160% |
| Contributions | 10/11 | €10,031 | €10,031 | = | 0.0% |
| Revaluation surpluses | 12 | €615,716 | €2,769,343 | +€2.2m | +350% |
| Reserves | 13 | €731,745 | €756,421 | +€24,676 | +3.4% |
| Non-distributable reserves | 130/1 | €1,003 | €1,003 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,003 | €1,003 | = | 0.0% |
| Distributable reserves | 133 | €730,742 | €755,418 | +€24,676 | +3.4% |
| Amounts payable | 17/49 | €2,124,329 | €2,109,984 | -€14,345 | -0.7% |
| Amounts payable after more than one year | 17 | €1,754,984 | €1,646,262 | -€108,722 | -6.2% |
| Financial debts | 170/4 | €1,754,984 | €1,646,262 | -€108,722 | -6.2% |
| Amounts payable within one year | 42/48 | €369,345 | €463,722 | +€94,377 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €104,345 | €108,722 | +€4,377 | +4.2% |
| Other amounts payable | 47/48 | €265,000 | €355,000 | +€90,000 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,068 | €14,068 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €119,006 | €122,064 | +€3,058 | +2.6% |
| Operating profit (loss) | 9901 | €104,821 | €107,877 | +€3,056 | +2.9% |
| Financial charges | 65/66B | €79,213 | €74,976 | -€4,237 | -5.3% |
| Recurring financial charges | 65 | €79,213 | €74,976 | -€4,237 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €25,608 | €32,901 | +€7,293 | +28.5% |
| Income taxes | 67/77 | €6,402 | €8,225 | +€1,823 | +28.5% |
| Profit (loss) for the period | 9904 | €19,206 | €24,676 | +€5,470 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,206 | €24,676 | +€5,470 | +28.5% |
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.