BLUE OCEAN EXTENSIONS: 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 OCEAN EXTENSIONS
Largest movements
- Intangible fixed assets -€19,970
down €19,970 (-91.0%), from €21,945 to €1,975
- Receivables after one year +€19,000
up €19,000 (+91.3%), from €20,800 to €39,800
- Receivables within one year +€11,747
up €11,747 (+444%), from €2,645 to €14,392
of which Trade receivables: +€11,029
- Tangible fixed assets -€6,518
down €6,518 (-39.4%), from €16,524 to €10,006
of which Plant, machinery and equipment: -€4,911
- Stocks and contracts -€2,669
down €2,669 (-63.6%), from €4,197 to €1,528
- Trade debts -€17,103
down €17,103 (-82.8%), from €20,668 to €3,565
- Other debts +€10,171
up €10,171 (+1,436%), from €708 to €10,879
- Short-term financial debts +€7,908
up €7,908 (+3,989%), from €198 to €8,106
- Current portion of long-term debt +€6,937
up €6,937 (+73.5%), from €9,438 to €16,375
- Reserves -€6,474
down €6,474 (-35.7%), from €18,112 to €11,638
- Depreciation -€10,072
down €10,072 (-27.5%), from €36,559 to €26,488
- Gross operating margin -€6,763
down €6,763 (-22.5%), from €29,996 to €23,234
- Financial charges -€848
down €848 (-31.6%), from €2,689 to €1,841
- Other operating charges -€761
down €761 (-57.3%), from €1,326 to €566
- Financial income +€424
up €424 (+156%), from €272 to €696
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,110 | €67,701 | +€1,591 | +2.4% |
| Fixed assets | 21/28 | €38,468 | €11,981 | -€26,488 | -68.9% |
| Intangible fixed assets | 21 | €21,945 | €1,975 | -€19,970 | -91.0% |
| Tangible fixed assets | 22/27 | €16,524 | €10,006 | -€6,518 | -39.4% |
| Plant, machinery and equipment | 23 | €13,566 | €8,655 | -€4,911 | -36.2% |
| Furniture and vehicles | 24 | €2,957 | €1,351 | -€1,607 | -54.3% |
| Current assets | 29/58 | €27,642 | €55,720 | +€28,078 | +102% |
| Amounts receivable after more than one year | 29 | €20,800 | €39,800 | +€19,000 | +91.3% |
| Other amounts receivable | 291 | €20,800 | €39,800 | +€19,000 | +91.3% |
| Stocks and contracts in progress | 3 | €4,197 | €1,528 | -€2,669 | -63.6% |
| Stocks | 30/36 | €4,197 | €1,528 | -€2,669 | -63.6% |
| Amounts receivable within one year | 40/41 | €2,645 | €14,392 | +€11,747 | +444% |
| Trade receivables | 40 | €2,448 | €13,476 | +€11,029 | +451% |
| Other amounts receivable | 41 | €197 | €916 | +€719 | +364% |
| Total equity and liabilities | 10/49 | €66,110 | €67,701 | +€1,591 | +2.4% |
| Equity | 10/15 | €33,112 | €26,638 | -€6,474 | -19.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €18,112 | €11,638 | -€6,474 | -35.7% |
| Distributable reserves | 133 | €18,112 | €11,638 | -€6,474 | -35.7% |
| Amounts payable | 17/49 | €32,998 | €41,063 | +€8,064 | +24.4% |
| Amounts payable within one year | 42/48 | €32,998 | €41,063 | +€8,064 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €9,438 | €16,375 | +€6,937 | +73.5% |
| Financial debts | 43 | €198 | €8,106 | +€7,908 | +3,989% |
| Credit institutions | 430/8 | €198 | €8,106 | +€7,908 | +3,989% |
| Trade debts | 44 | €20,668 | €3,565 | -€17,103 | -82.8% |
| Suppliers | 440/4 | €20,668 | €3,565 | -€17,103 | -82.8% |
| Taxes, remuneration and social security | 45 | €1,987 | €2,138 | +€151 | +7.6% |
| Taxes | 450/3 | €1,987 | €2,138 | +€151 | +7.6% |
| Other amounts payable | 47/48 | €708 | €10,879 | +€10,171 | +1,436% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,559 | €26,488 | -€10,072 | -27.5% |
| Other operating charges | 640/8 | €1,326 | €566 | -€761 | -57.3% |
| Non-recurring operating charges | 66A | €1,863 | €1,509 | -€354 | -19.0% |
| Gross operating margin | 9900 | €29,996 | €23,234 | -€6,763 | -22.5% |
| Operating profit (loss) | 9901 | -€9,753 | -€5,329 | +€4,424 | +45.4% |
| Financial income | 75/76B | €272 | €696 | +€424 | +156% |
| Recurring financial income | 75 | €272 | €696 | +€424 | +156% |
| Financial charges | 65/66B | €2,689 | €1,841 | -€848 | -31.6% |
| Recurring financial charges | 65 | €2,689 | €1,841 | -€848 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,170 | -€6,474 | +€5,696 | +46.8% |
| Income taxes | 67/77 | €311 | - | -€311 | |
| Profit (loss) for the period | 9904 | -€12,481 | -€6,474 | +€6,007 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,481 | -€6,474 | +€6,007 | +48.1% |
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 13 October 2026 via checked.be.