BLUE ROSE: 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 ROSE
Largest movements
- Receivables within one year -€9,213
down €9,213 (-25.0%), from €36,798 to €27,585
of which Trade receivables: -€4,678
- Tangible fixed assets -€7,007
down €7,007 (-60.3%), from €11,619 to €4,612
- Stocks and contracts -€4,326
down €4,326 (-2.2%), from €199,851 to €195,525
- Debts after one year +€26,523
up €26,523 (+36.1%), from €73,477 to €100,000
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Other debts -€18,359
down €18,359 (-72.0%), from €25,500 to €7,141
- Trade debts +€14,258
up €14,258 (+66.4%), from €21,460 to €35,718
- Current portion of long-term debt -€13,298
down €13,298 (-78.4%), from €16,972 to €3,674
- Gross operating margin +€4,969
up €4,969 (+33.1%), from €15,032 to €20,000
- Financial income -€4,735
down €4,735 (-99.9%), from €4,742 to €6
- Staff costs +€2,585
up €2,585 (+156%), from €1,662 to €4,247
- Depreciation -€2,259
down €2,259 (-24.4%), from €9,267 to €7,007
- Other operating charges +€630
up €630 (+67.0%), from €940 to €1,570
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 | €256,182 | €240,001 | -€16,182 | -6.3% |
| Fixed assets | 21/28 | €11,619 | €4,612 | -€7,007 | -60.3% |
| Tangible fixed assets | 22/27 | €11,619 | €4,612 | -€7,007 | -60.3% |
| Other tangible fixed assets | 26 | €11,619 | €4,612 | -€7,007 | -60.3% |
| Current assets | 29/58 | €244,563 | €235,389 | -€9,174 | -3.8% |
| Stocks and contracts in progress | 3 | €199,851 | €195,525 | -€4,326 | -2.2% |
| Stocks | 30/36 | €199,851 | €195,525 | -€4,326 | -2.2% |
| Amounts receivable within one year | 40/41 | €36,798 | €27,585 | -€9,213 | -25.0% |
| Trade receivables | 40 | €32,263 | €27,585 | -€4,678 | -14.5% |
| Other amounts receivable | 41 | €4,535 | - | -€4,535 | |
| Cash at bank and in hand | 54/58 | €7,631 | €9,496 | +€1,865 | +24.4% |
| Deferred charges and accrued income | 490/1 | €284 | €2,783 | +€2,500 | +881% |
| Total equity and liabilities | 10/49 | €256,182 | €240,001 | -€16,182 | -6.3% |
| Equity | 10/15 | €76,135 | €75,188 | -€948 | -1.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €21,181 | €20,181 | -€1,000 | -4.7% |
| Tax-exempt reserves | 132 | €1,000 | - | -€1,000 | |
| Distributable reserves | 133 | €20,181 | €20,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,046 | -€14,994 | +€52 | +0.3% |
| Amounts payable | 17/49 | €180,047 | €164,813 | -€15,234 | -8.5% |
| Amounts payable after more than one year | 17 | €73,477 | €100,000 | +€26,523 | +36.1% |
| Financial debts | 170/4 | €73,477 | €100,000 | +€26,523 | +36.1% |
| Amounts payable within one year | 42/48 | €104,635 | €62,384 | -€42,252 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €16,972 | €3,674 | -€13,298 | -78.4% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Other loans | 439 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €21,460 | €35,718 | +€14,258 | +66.4% |
| Suppliers | 440/4 | €21,460 | €35,718 | +€14,258 | +66.4% |
| Taxes, remuneration and social security | 45 | €15,703 | €15,850 | +€147 | +0.9% |
| Taxes | 450/3 | €15,583 | €15,850 | +€267 | +1.7% |
| Remuneration and social security | 454/9 | €120 | - | -€120 | |
| Other amounts payable | 47/48 | €25,500 | €7,141 | -€18,359 | -72.0% |
| Accrued charges and deferred income | 492/3 | €1,935 | €2,429 | +€494 | +25.5% |
| Non-recurring operating income | 76A | €17,681 | - | -€17,681 | |
| Remuneration, social security and pensions | 62 | €1,662 | €4,247 | +€2,585 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,267 | €7,007 | -€2,259 | -24.4% |
| Other operating charges | 640/8 | €940 | €1,570 | +€630 | +67.0% |
| Gross operating margin | 9900 | €15,032 | €20,000 | +€4,969 | +33.1% |
| Operating profit (loss) | 9901 | €3,162 | €7,176 | +€4,013 | +127% |
| Financial income | 75/76B | €4,742 | €6 | -€4,735 | -99.9% |
| Recurring financial income | 75 | €4,742 | €6 | -€4,735 | -99.9% |
| Financial charges | 65/66B | €8,211 | €8,233 | +€22 | +0.3% |
| Recurring financial charges | 65 | €8,211 | €8,233 | +€22 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€307 | -€1,050 | -€743 | -242% |
| Income taxes | 67/77 | €107 | -€103 | -€210 | |
| Profit (loss) for the period | 9904 | -€414 | -€948 | -€534 | -129% |
| Transfer from tax-exempt reserves | 789 | €500 | €1,000 | +€500 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €86 | €52 | -€34 | -39.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.