BLUE PACIFIC: 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 PACIFIC
Largest movements
- Receivables within one year +€43,434
up €43,434 (+32.9%), from €132,122 to €175,556
of which Other amounts receivable: +€44,470
- Cash -€27,536
down €27,536 (-85.0%), from €32,393 to €4,856
mainly Contributions, distributions and other (-€106,678) and Investment in fixed assets (net) (-€91,058)
- Tangible fixed assets +€24,335
up €24,335 (+3.0%), from €813,965 to €838,300
of which Furniture and vehicles: +€59,801
- Other debts +€99,744
new in 2025: €99,744
- Trade debts -€34,357
down €34,357 (-31.6%), from €108,646 to €74,289
- Debts after one year -€13,923
down €13,923 (-4.8%), from €289,321 to €275,398
- Reserves -€13,260
down €13,260 (-5.7%), from €232,375 to €219,115
- Staff costs -€29,111
down €29,111 (-16.6%), from €174,942 to €145,831
- Gross operating margin -€22,541
down €22,541 (-5.9%), from €384,350 to €361,809
- Taxes +€17,657
up €17,657 (+77.4%), from €22,809 to €40,466
- Other operating charges -€10,719
down €10,719 (-57.9%), from €18,522 to €7,803
- Write-downs -€8,615
down €8,615 (-80.3%), from €10,724 to €2,109
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 | €1,118,594 | €1,150,560 | +€31,966 | +2.9% |
| Fixed assets | 21/28 | €813,965 | €838,300 | +€24,335 | +3.0% |
| Tangible fixed assets | 22/27 | €813,965 | €838,300 | +€24,335 | +3.0% |
| Land and buildings | 22 | €670,663 | €641,991 | -€28,672 | -4.3% |
| Plant, machinery and equipment | 23 | €14,534 | €11,751 | -€2,783 | -19.1% |
| Furniture and vehicles | 24 | €94,789 | €154,590 | +€59,801 | +63.1% |
| Other tangible fixed assets | 26 | €33,979 | €29,967 | -€4,012 | -11.8% |
| Current assets | 29/58 | €304,629 | €312,260 | +€7,631 | +2.5% |
| Stocks and contracts in progress | 3 | €137,326 | €129,704 | -€7,622 | -5.6% |
| Stocks | 30/36 | €137,326 | €129,704 | -€7,622 | -5.6% |
| Amounts receivable within one year | 40/41 | €132,122 | €175,556 | +€43,434 | +32.9% |
| Trade receivables | 40 | €1,036 | - | -€1,036 | |
| Other amounts receivable | 41 | €131,086 | €175,556 | +€44,470 | +33.9% |
| Cash at bank and in hand | 54/58 | €32,393 | €4,856 | -€27,536 | -85.0% |
| Deferred charges and accrued income | 490/1 | €2,789 | €2,144 | -€645 | -23.1% |
| Total equity and liabilities | 10/49 | €1,118,594 | €1,150,560 | +€31,966 | +2.9% |
| Equity | 10/15 | €529,055 | €515,795 | -€13,260 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,375 | €219,115 | -€13,260 | -5.7% |
| Distributable reserves | 133 | €232,375 | €219,115 | -€13,260 | -5.7% |
| Profit (loss) carried forward | 14 | €278,079 | €278,079 | = | 0.0% |
| Amounts payable | 17/49 | €589,539 | €634,765 | +€45,226 | +7.7% |
| Amounts payable after more than one year | 17 | €289,321 | €275,398 | -€13,923 | -4.8% |
| Financial debts | 170/4 | €289,321 | €275,398 | -€13,923 | -4.8% |
| Amounts payable within one year | 42/48 | €300,218 | €359,367 | +€59,149 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €102,286 | €102,617 | +€331 | +0.3% |
| Financial debts | 43 | €5,099 | €5,108 | +€9 | +0.2% |
| Credit institutions | 430/8 | €5,099 | €5,108 | +€9 | +0.2% |
| Trade debts | 44 | €108,646 | €74,289 | -€34,357 | -31.6% |
| Suppliers | 440/4 | €108,646 | €74,289 | -€34,357 | -31.6% |
| Taxes, remuneration and social security | 45 | €84,186 | €77,609 | -€6,577 | -7.8% |
| Taxes | 450/3 | €61,386 | €57,137 | -€4,249 | -6.9% |
| Remuneration and social security | 454/9 | €22,800 | €20,472 | -€2,328 | -10.2% |
| Other amounts payable | 47/48 | - | €99,744 | +€99,744 | |
| Remuneration, social security and pensions | 62 | €174,942 | €145,831 | -€29,111 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,043 | €66,723 | -€2,319 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,724 | €2,109 | -€8,615 | -80.3% |
| Other operating charges | 640/8 | €18,522 | €7,803 | -€10,719 | -57.9% |
| Gross operating margin | 9900 | €384,350 | €361,809 | -€22,541 | -5.9% |
| Operating profit (loss) | 9901 | €111,119 | €139,343 | +€28,224 | +25.4% |
| Financial income | 75/76B | €8,482 | €12,522 | +€4,040 | +47.6% |
| Recurring financial income | 75 | €8,482 | €12,522 | +€4,040 | +47.6% |
| Financial charges | 65/66B | €26,252 | €17,982 | -€8,270 | -31.5% |
| Recurring financial charges | 65 | €26,252 | €17,982 | -€8,270 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €93,349 | €133,883 | +€40,534 | +43.4% |
| Income taxes | 67/77 | €22,809 | €40,466 | +€17,657 | +77.4% |
| Profit (loss) for the period | 9904 | €70,540 | €93,417 | +€22,877 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,540 | €93,417 | +€22,877 | +32.4% |
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 22 October 2026 via checked.be.