BLUE RIVER STATIONS FUND BE: what changed
What changed
BLUE RIVER STATIONS FUND BE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€8,912
2024 · -€25,438+€16,526
Equity
€52,626
2024 · €61,538-€8,912
Cash
€34,326
2024 · €30,455+€3,871
Balance sheet total
€1.2m
2024 · €1.2m-€54,361
Largest movements
Assets
- Tangible fixed assets -€58,597
down €58,597 (-4.9%), from €1.2m to €1.1m
Equity and liabilities
- Trade debts -€471,908
down €471,908 (-99.8%), from €472,767 to €859
- Debts after one year +€357,073
up €357,073 (+51.0%), from €700,000 to €1.1m
- Current portion of long-term debt +€67,040
new in 2025: €67,040
Income statement
- Gross operating margin +€54,331
up €54,331 (+133%), from €40,935 to €95,266
- Depreciation +€25,028
up €25,028 (+74.6%), from €33,570 to €58,597
- Financial charges +€15,950
up €15,950 (+55.3%), from €28,829 to €44,780
- Other operating charges -€3,137
down €3,137 (-78.6%), from €3,990 to €853
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€25,438
Gross operating margin
+€54,331
Depreciation
-€25,028
Other operating charges
+€3,137
Financial income
+€35
Financial charges
-€15,950
Result 2025
-€8,912
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€428,492
Investment
+€8,250
Financing
+€424,113
Cash 2024
€30,455
From operations (derived)
-€428,492
Net result for the year
-€8,912
Depreciation
+€58,597
Receivables within one year
-€8,616
Trade debts
-€471,908
Tax, wage and social debts
+€2,347
Investment (derived)
+€8,250
Investment in fixed assets (net)
+€8,250
Financing
+€424,113
Debts after one year
+€357,073
Current portion of long-term debt
+€67,040
Cash 2025
€34,326
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,234,305 | €1,179,944 | -€54,361 | -4.4% |
| Fixed assets | 21/28 | €1,203,846 | €1,136,998 | -€66,847 | -5.6% |
| Tangible fixed assets | 22/27 | €1,195,596 | €1,136,998 | -€58,597 | -4.9% |
| Land and buildings | 22 | €1,195,596 | €1,136,998 | -€58,597 | -4.9% |
| Financial fixed assets | 28 | €8,250 | €0 | -€8,250 | -100% |
| Current assets | 29/58 | €30,459 | €42,946 | +€12,486 | +41.0% |
| Amounts receivable within one year | 40/41 | €4 | €8,620 | +€8,616 | +193,609% |
| Trade receivables | 40 | - | €8,620 | +€8,620 | |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100% |
| Cash at bank and in hand | 54/58 | €30,455 | €34,326 | +€3,871 | +12.7% |
| Total equity and liabilities | 10/49 | €1,234,305 | €1,179,944 | -€54,361 | -4.4% |
| Equity | 10/15 | €61,538 | €52,626 | -€8,912 | -14.5% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,462 | -€62,374 | -€8,912 | -16.7% |
| Amounts payable | 17/49 | €1,172,767 | €1,127,318 | -€45,449 | -3.9% |
| Amounts payable after more than one year | 17 | €700,000 | €1,057,073 | +€357,073 | +51.0% |
| Financial debts | 170/4 | €700,000 | €1,057,073 | +€357,073 | +51.0% |
| Amounts payable within one year | 42/48 | €472,767 | €70,245 | -€402,522 | -85.1% |
| Current portion of amounts payable after more than one year | 42 | - | €67,040 | +€67,040 | |
| Trade debts | 44 | €472,767 | €859 | -€471,908 | -99.8% |
| Suppliers | 440/4 | €472,767 | €859 | -€471,908 | -99.8% |
| Taxes, remuneration and social security | 45 | - | €2,347 | +€2,347 | |
| Taxes | 450/3 | - | €2,347 | +€2,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,570 | €58,597 | +€25,028 | +74.6% |
| Other operating charges | 640/8 | €3,990 | €853 | -€3,137 | -78.6% |
| Gross operating margin | 9900 | €40,935 | €95,266 | +€54,331 | +133% |
| Operating profit (loss) | 9901 | €3,375 | €35,817 | +€32,441 | +961% |
| Financial income | 75/76B | €16 | €51 | +€35 | +220% |
| Recurring financial income | 75 | €16 | €51 | +€35 | +220% |
| Financial charges | 65/66B | €28,829 | €44,780 | +€15,950 | +55.3% |
| Recurring financial charges | 65 | €28,829 | €44,780 | +€15,950 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,438 | -€8,912 | +€16,526 | +65.0% |
| Profit (loss) for the period | 9904 | -€25,438 | -€8,912 | +€16,526 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,438 | -€8,912 | +€16,526 | +65.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.