Blue Nest: 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 Nest
Largest movements
- Cash -€52,464
down €52,464 (-41.4%), from €126,587 to €74,123
mainly Investment in fixed assets (net) (-€32,228) and Net result for the year (-€29,865)
- Profit (loss) carried forward -€29,865
down €29,865 (-22.8%), from -€131,223 to -€161,088
- Debts after one year -€25,090
down €25,090 (-4.0%), from €632,868 to €607,778
- Depreciation -€96,056
down €96,056 (-73.9%), from €129,903 to €33,847
- Financial charges -€8,112
down €8,112 (-24.0%), from €33,750 to €25,638
- Gross operating margin -€2,370
down €2,370 (-7.1%), from €33,268 to €30,897
- Other operating charges +€506
up €506 (+60.4%), from €838 to €1,344
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 | €865,784 | €813,120 | -€52,664 | -6.1% |
| Fixed assets | 21/28 | €738,429 | €736,810 | -€1,619 | -0.2% |
| Tangible fixed assets | 22/27 | €738,429 | €736,810 | -€1,619 | -0.2% |
| Land and buildings | 22 | €738,429 | €736,810 | -€1,619 | -0.2% |
| Current assets | 29/58 | €127,354 | €76,310 | -€51,045 | -40.1% |
| Cash at bank and in hand | 54/58 | €126,587 | €74,123 | -€52,464 | -41.4% |
| Deferred charges and accrued income | 490/1 | €767 | €2,187 | +€1,419 | +185.0% |
| Total equity and liabilities | 10/49 | €865,784 | €813,120 | -€52,664 | -6.1% |
| Equity | 10/15 | -€126,223 | -€156,088 | -€29,865 | -23.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,223 | -€161,088 | -€29,865 | -22.8% |
| Amounts payable | 17/49 | €992,006 | €969,207 | -€22,799 | -2.3% |
| Amounts payable after more than one year | 17 | €632,868 | €607,778 | -€25,090 | -4.0% |
| Financial debts | 170/4 | €632,868 | €607,778 | -€25,090 | -4.0% |
| Amounts payable within one year | 42/48 | €359,138 | €361,429 | +€2,291 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €24,134 | €25,090 | +€956 | +4.0% |
| Trade debts | 44 | €853 | €2,102 | +€1,249 | +146.4% |
| Suppliers | 440/4 | €853 | €2,102 | +€1,249 | +146.4% |
| Other amounts payable | 47/48 | €334,151 | €334,237 | +€86 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,903 | €33,847 | -€96,056 | -73.9% |
| Other operating charges | 640/8 | €838 | €1,344 | +€506 | +60.4% |
| Gross operating margin | 9900 | €33,268 | €30,897 | -€2,370 | -7.1% |
| Operating profit (loss) | 9901 | -€97,473 | -€4,293 | +€93,180 | +95.6% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €33,750 | €25,638 | -€8,112 | -24.0% |
| Recurring financial charges | 65 | €33,750 | €25,638 | -€8,112 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | -€131,223 | -€29,865 | +€101,358 | +77.2% |
| Profit (loss) for the period | 9904 | -€131,223 | -€29,865 | +€101,358 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€131,223 | -€29,865 | +€101,358 | +77.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.