BLUE MOUNTAIN: what changed
Two fiscal 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 MOUNTAIN
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+4770.4%), from €31,639 to €1.5m
of which Other amounts receivable: +€1.5m
- Tangible fixed assets +€271,781
up €271,781 (+108.7%), from €249,960 to €521,741
of which Land and buildings: +€272,954
- Cash -€269,521
down €269,521 (-57.1%), from €471,873 to €202,352
mainly Receivables within one year (-€1.5m) and Investment in fixed assets (net) (-€323,951)
- Reserves +€1.3m
up €1.3m (+191.6%), from €677,735 to €2.0m
of which Distributable reserves: +€1.3m
- Tax, wage and social debts +€130,987
up €130,987 (+1017.1%), from €12,878 to €143,865
- Other debts +€49,920
up €49,920 (+11.1%), from €449,245 to €499,165
- Accrued charges and deferred income +€32,883
up €32,883 (+830.2%), from €3,961 to €36,844
- Financial income +€1.5m
up €1.5m (+96528.2%), from €1,554 to €1.5m
- Taxes +€138,785
up €138,785 (+817.2%), from €16,984 to €155,769
- Depreciation +€39,062
up €39,062 (+298.0%), from €13,109 to €52,171
- Gross operating margin +€38,148
up €38,148 (+31.5%), from €121,051 to €159,200
- Other operating charges -€10,597
down €10,597 (-58.8%), from €18,021 to €7,424
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 | €1,206,509 | €2,718,638 | +€1.5m | +125.3% |
| Fixed assets | 21/28 | €701,854 | €973,634 | +€271,781 | +38.7% |
| Tangible fixed assets | 22/27 | €249,960 | €521,741 | +€271,781 | +108.7% |
| Land and buildings | 22 | €246,027 | €518,981 | +€272,954 | +110.9% |
| Plant, machinery and equipment | 23 | €3,933 | €2,759 | -€1,174 | -29.8% |
| Financial fixed assets | 28 | €451,894 | €451,894 | = | 0.0% |
| Current assets | 29/58 | €504,655 | €1,745,004 | +€1.2m | +245.8% |
| Amounts receivable within one year | 40/41 | €31,639 | €1,540,965 | +€1.5m | +4770.4% |
| Trade receivables | 40 | €9,000 | €18,000 | +€9,000 | +100.0% |
| Other amounts receivable | 41 | €22,639 | €1,522,965 | +€1.5m | +6627.1% |
| Cash at bank and in hand | 54/58 | €471,873 | €202,352 | -€269,521 | -57.1% |
| Deferred charges and accrued income | 490/1 | €1,143 | €1,687 | +€544 | +47.6% |
| Total equity and liabilities | 10/49 | €1,206,509 | €2,718,638 | +€1.5m | +125.3% |
| Equity | 10/15 | €739,735 | €2,038,297 | +€1.3m | +175.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €677,735 | €1,976,297 | +€1.3m | +191.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €634,035 | €1,932,597 | +€1.3m | +204.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €466,774 | €680,341 | +€213,568 | +45.8% |
| Amounts payable within one year | 42/48 | €462,813 | €643,498 | +€180,685 | +39.0% |
| Trade debts | 44 | €690 | €468 | -€221 | -32.1% |
| Suppliers | 440/4 | €690 | €468 | -€221 | -32.1% |
| Taxes, remuneration and social security | 45 | €12,878 | €143,865 | +€130,987 | +1017.1% |
| Taxes | 450/3 | €12,878 | €143,865 | +€130,987 | +1017.1% |
| Other amounts payable | 47/48 | €449,245 | €499,165 | +€49,920 | +11.1% |
| Accrued charges and deferred income | 492/3 | €3,961 | €36,844 | +€32,883 | +830.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,109 | €52,171 | +€39,062 | +298.0% |
| Other operating charges | 640/8 | €18,021 | €7,424 | -€10,597 | -58.8% |
| Gross operating margin | 9900 | €121,051 | €159,200 | +€38,148 | +31.5% |
| Operating profit (loss) | 9901 | €89,921 | €99,604 | +€9,683 | +10.8% |
| Financial income | 75/76B | €1,554 | €1,501,303 | +€1.5m | +96528.2% |
| Recurring financial income | 75 | €1,554 | €1,501,303 | +€1.5m | +96528.2% |
| Financial charges | 65/66B | €31,663 | €33,189 | +€1,526 | +4.8% |
| Recurring financial charges | 65 | €31,663 | €33,189 | +€1,526 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €59,812 | €1,567,719 | +€1.5m | +2521.1% |
| Income taxes | 67/77 | €16,984 | €155,769 | +€138,785 | +817.2% |
| Profit (loss) for the period | 9904 | €42,828 | €1,411,950 | +€1.4m | +3196.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,828 | €1,411,950 | +€1.4m | +3196.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.