Blue Mountain Owl: 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 Mountain Owl
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+15.4%), from €9.0m to €10.4m
of which Land and buildings: +€7.1m
- Financial fixed assets -€971,650
no longer reported in 2025 (was €971,650)
- Contributions +€512,400
up €512,400 (+6.5%), from €7.9m to €8.4m
- Trade debts -€194,547
down €194,547 (-67.4%), from €288,582 to €94,036
- Financial income -€57,465
down €57,465 (-44.2%), from €130,106 to €72,642
of which Financial income: -€54,603
- Financial charges -€42,246
down €42,246 (-89.4%), from €47,270 to €5,025
of which Financial charges: -€33,397
- Depreciation +€21,719
up €21,719 (+83.7%), from €25,947 to €47,667
- Gross operating margin +€10,199
up €10,199 (+47.8%), from -€21,319 to -€11,120
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 | €10,298,813 | €10,634,453 | +€335,640 | +3.3% |
| Fixed assets | 21/28 | €9,938,058 | €10,350,121 | +€412,063 | +4.1% |
| Tangible fixed assets | 22/27 | €8,966,407 | €10,350,121 | +€1.4m | +15.4% |
| Land and buildings | 22 | €3,290,686 | €10,350,121 | +€7.1m | +215% |
| Assets under construction and advance payments | 27 | €5,675,721 | - | -€5.7m | |
| Financial fixed assets | 28 | €971,650 | - | -€971,650 | |
| Current assets | 29/58 | €360,755 | €284,333 | -€76,423 | -21.2% |
| Amounts receivable within one year | 40/41 | €61,710 | €20,141 | -€41,569 | -67.4% |
| Other amounts receivable | 41 | €61,710 | €20,141 | -€41,569 | -67.4% |
| Cash at bank and in hand | 54/58 | €280,956 | €224,038 | -€56,918 | -20.3% |
| Deferred charges and accrued income | 490/1 | €18,090 | €40,154 | +€22,064 | +122% |
| Total equity and liabilities | 10/49 | €10,298,813 | €10,634,453 | +€335,640 | +3.3% |
| Equity | 10/15 | €7,710,231 | €8,224,758 | +€514,527 | +6.7% |
| Contributions | 10/11 | €7,872,700 | €8,385,100 | +€512,400 | +6.5% |
| Profit (loss) carried forward | 14 | -€162,469 | -€160,342 | +€2,127 | +1.3% |
| Amounts payable | 17/49 | €2,588,582 | €2,409,695 | -€178,887 | -6.9% |
| Amounts payable after more than one year | 17 | €2,300,000 | €2,300,000 | = | 0.0% |
| Other amounts payable | 178/9 | €2,300,000 | €2,300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €288,582 | €109,695 | -€178,887 | -62.0% |
| Trade debts | 44 | €288,582 | €94,036 | -€194,547 | -67.4% |
| Suppliers | 440/4 | €288,582 | €94,036 | -€194,547 | -67.4% |
| Other amounts payable | 47/48 | - | €15,660 | +€15,660 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,947 | €47,667 | +€21,719 | +83.7% |
| Other operating charges | 640/8 | €6,696 | €6,703 | +€7 | +0.1% |
| Non-recurring operating charges | 66A | €66,499 | - | -€66,499 | |
| Gross operating margin | 9900 | -€21,319 | -€11,120 | +€10,199 | +47.8% |
| Operating profit (loss) | 9901 | -€120,461 | -€65,490 | +€54,971 | +45.6% |
| Financial income | 75/76B | €130,106 | €72,642 | -€57,465 | -44.2% |
| Recurring financial income | 75 | €61,651 | €7,049 | -€54,603 | -88.6% |
| Non-recurring financial income | 76B | €68,455 | €65,593 | -€2,862 | -4.2% |
| Financial charges | 65/66B | €47,270 | €5,025 | -€42,246 | -89.4% |
| Recurring financial charges | 65 | €33,567 | €169 | -€33,397 | -99.5% |
| Non-recurring financial charges | 66B | €13,704 | €4,855 | -€8,848 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,625 | €2,127 | +€39,753 | |
| Profit (loss) for the period | 9904 | -€37,625 | €2,127 | +€39,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,625 | €2,127 | +€39,753 |
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 19 October 2026 via checked.be.