BLUE ROCK: 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.
What changed
BLUE ROCK
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€181,475
2023 · €33,637-€215,112
Equity
€3.7m
2023 · €58,185+€3.6m
Cash
€7,060
2023 · €38,582-€31,522
Balance sheet total
€6.4m
2023 · €1.9m+€4.5m
Largest movements
Assets
- Tangible fixed assets +€3.8m
up €3.8m (+505%), from €760,178 to €4.6m
of which Land and buildings: +€3.7m
- Stocks and contracts +€698,100
up €698,100 (+68.1%), from €1.0m to €1.7m
Equity and liabilities
- Contributions +€3.8m
up €3.8m (+30,695%), from €12,400 to €3.8m
- Debts after one year +€611,760
up €611,760 (+85.3%), from €717,235 to €1.3m
- Other debts +€343,876
up €343,876 (+56.9%), from €604,568 to €948,444
- Profit (loss) carried forward -€181,475
new in 2024: -€181,475
- Trade debts -€64,758
down €64,758 (-69.9%), from €92,607 to €27,849
Income statement
- Depreciation +€159,724
up €159,724 (+417%), from €38,271 to €197,996
- Financial charges +€16,786
up €16,786 (+38.2%), from €43,911 to €60,697
- Gross operating margin -€13,546
down €13,546 (-9.0%), from €151,157 to €137,611
- Other operating charges +€11,187
up €11,187 (+325%), from €3,442 to €14,629
- Taxes -€11,029
down €11,029 (-93.8%), from €11,761 to €732
From the 2023 result to the 2024 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.
Result 2023
€33,637
Gross operating margin
-€13,546
Staff costs
-€10,193
Depreciation
-€159,724
Other operating charges
-€11,187
Other operating items
-€16,533
Financial income
+€1,828
Financial charges
-€16,786
Taxes
+€11,029
Result 2024
-€181,475
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€412,666
Investment
-€4.0m
Financing
+€4.4m
Cash 2023
€38,582
From operations (derived)
-€412,666
Net result for the year
-€181,475
Depreciation
+€197,996
Stocks and contracts
-€698,100
Receivables within one year
+€50,134
Deferred charges and accrued income
+€2,068
Trade debts
-€64,758
Tax, wage and social debts
+€16,468
Advances received
-€62,697
Other debts
+€343,876
Accrued charges and deferred income
-€16,177
Investment (derived)
-€4.0m
Investment in fixed assets (net)
-€4.0m
Financing
+€4.4m
Debts after one year
+€611,760
Current portion of long-term debt
+€712
Contributions, distributions and other
+€3.8m
Cash 2024
€7,060
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,929,715 | €6,383,625 | +€4.5m | +231% |
| Fixed assets | 21/28 | €761,378 | €4,600,911 | +€3.8m | +504% |
| Tangible fixed assets | 22/27 | €760,178 | €4,599,711 | +€3.8m | +505% |
| Land and buildings | 22 | €710,491 | €4,377,071 | +€3.7m | +516% |
| Plant, machinery and equipment | 23 | €6,504 | €3,470 | -€3,033 | -46.6% |
| Furniture and vehicles | 24 | €43,183 | €219,170 | +€175,987 | +408% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €1,168,338 | €1,782,714 | +€614,376 | +52.6% |
| Stocks and contracts in progress | 3 | €1,025,064 | €1,723,164 | +€698,100 | +68.1% |
| Stocks | 30/36 | €1,025,064 | €1,723,164 | +€698,100 | +68.1% |
| Amounts receivable within one year | 40/41 | €102,275 | €52,141 | -€50,134 | -49.0% |
| Trade receivables | 40 | €101,996 | €51,970 | -€50,026 | -49.0% |
| Other amounts receivable | 41 | €280 | €172 | -€108 | -38.6% |
| Cash at bank and in hand | 54/58 | €38,582 | €7,060 | -€31,522 | -81.7% |
| Deferred charges and accrued income | 490/1 | €2,417 | €349 | -€2,068 | -85.6% |
| Total equity and liabilities | 10/49 | €1,929,715 | €6,383,625 | +€4.5m | +231% |
| Equity | 10/15 | €58,185 | €3,682,910 | +€3.6m | +6,230% |
| Contributions | 10/11 | €12,400 | €3,818,600 | +€3.8m | +30,695% |
| Contributions outside capital | 11 | €12,400 | €3,818,600 | +€3.8m | +30,695% |
| Other | 1109/19 | €12,400 | €3,818,600 | +€3.8m | +30,695% |
| Reserves | 13 | €45,785 | €45,785 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €43,925 | €45,785 | +€1,860 | +4.2% |
| Profit (loss) carried forward | 14 | - | -€181,475 | -€181,475 | |
| Amounts payable | 17/49 | €1,871,530 | €2,700,715 | +€829,185 | +44.3% |
| Amounts payable after more than one year | 17 | €717,235 | €1,328,995 | +€611,760 | +85.3% |
| Financial debts | 170/4 | €717,235 | €1,328,995 | +€611,760 | +85.3% |
| Amounts payable within one year | 42/48 | €1,137,730 | €1,371,332 | +€233,601 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €338,787 | €339,499 | +€712 | +0.2% |
| Trade debts | 44 | €92,607 | €27,849 | -€64,758 | -69.9% |
| Suppliers | 440/4 | €92,607 | €27,849 | -€64,758 | -69.9% |
| Advances received on contracts in progress | 46 | €62,697 | - | -€62,697 | |
| Taxes, remuneration and social security | 45 | €39,072 | €55,540 | +€16,468 | +42.1% |
| Taxes | 450/3 | €34,677 | €50,196 | +€15,519 | +44.8% |
| Remuneration and social security | 454/9 | €4,395 | €5,344 | +€949 | +21.6% |
| Other amounts payable | 47/48 | €604,568 | €948,444 | +€343,876 | +56.9% |
| Accrued charges and deferred income | 492/3 | €16,565 | €389 | -€16,177 | -97.7% |
| Non-recurring operating income | 76A | - | €5,283 | +€5,283 | |
| Remuneration, social security and pensions | 62 | €20,282 | €30,474 | +€10,193 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,271 | €197,996 | +€159,724 | +417% |
| Other operating charges | 640/8 | €3,442 | €14,629 | +€11,187 | +325% |
| Non-recurring operating charges | 66A | - | €16,533 | +€16,533 | |
| Gross operating margin | 9900 | €151,157 | €137,611 | -€13,546 | -9.0% |
| Operating profit (loss) | 9901 | €89,162 | -€122,021 | -€211,183 | |
| Financial income | 75/76B | €147 | €1,975 | +€1,828 | +1,247% |
| Recurring financial income | 75 | €147 | €1,975 | +€1,828 | +1,247% |
| Financial charges | 65/66B | €43,911 | €60,697 | +€16,786 | +38.2% |
| Recurring financial charges | 65 | €43,911 | €60,697 | +€16,786 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €45,398 | -€180,744 | -€226,141 | |
| Income taxes | 67/77 | €11,761 | €732 | -€11,029 | -93.8% |
| Profit (loss) for the period | 9904 | €33,637 | -€181,475 | -€215,112 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,637 | -€181,475 | -€215,112 |
Source: filed annual accounts (NBB), financial years ended 30 November 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.