Blue Woods: what changed
Blue Woods
Largest movements
- Cash -€48,609
down €48,609 (-34.1%), from €142,464 to €93,855
mainly Net result for the year (-€56,541) and Tax, wage and social debts (-€50,698)
- Receivables within one year +€5,941
up €5,941 (+110%), from €5,409 to €11,350
of which Trade receivables: +€10,352
- Intangible fixed assets +€5,335
new in 2025: €5,335
- Stocks and contracts -€3,748
down €3,748 (-23.0%), from €16,303 to €12,555
- Tangible fixed assets -€2,810
down €2,810 (-6.6%), from €42,414 to €39,604
of which Plant, machinery and equipment: -€5,292
- Profit (loss) carried forward -€56,541
down €56,541 (-17.0%), from -€333,196 to -€389,737
- Tax, wage and social debts -€50,698
down €50,698 (-53.2%), from €95,218 to €44,520
of which Remuneration and social security: -€40,286
- Other debts +€38,067
up €38,067 (+34.4%), from €110,770 to €148,837
- Advances received +€20,924
new in 2025: €20,924
- Trade debts +€10,901
up €10,901 (+45.1%), from €24,165 to €35,066
- Gross operating margin -€334,592
down €334,592 (-59.1%), from €566,150 to €231,558
- Staff costs -€232,290
down €232,290 (-47.0%), from €494,454 to €262,164
- Depreciation -€27,015
down €27,015 (-74.5%), from €36,267 to €9,252
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,590 | €163,244 | -€43,347 | -21.0% |
| Fixed assets | 21/28 | €42,414 | €44,939 | +€2,525 | +6.0% |
| Intangible fixed assets | 21 | - | €5,335 | +€5,335 | |
| Tangible fixed assets | 22/27 | €42,414 | €39,604 | -€2,810 | -6.6% |
| Plant, machinery and equipment | 23 | €42,414 | €37,122 | -€5,292 | -12.5% |
| Furniture and vehicles | 24 | - | €2,482 | +€2,482 | |
| Current assets | 29/58 | €164,176 | €118,304 | -€45,872 | -27.9% |
| Stocks and contracts in progress | 3 | €16,303 | €12,555 | -€3,748 | -23.0% |
| Stocks | 30/36 | €16,303 | €12,555 | -€3,748 | -23.0% |
| Amounts receivable within one year | 40/41 | €5,409 | €11,350 | +€5,941 | +110% |
| Trade receivables | 40 | €0 | €10,352 | +€10,352 | |
| Other amounts receivable | 41 | €5,409 | €998 | -€4,411 | -81.6% |
| Cash at bank and in hand | 54/58 | €142,464 | €93,855 | -€48,609 | -34.1% |
| Deferred charges and accrued income | 490/1 | €0 | €544 | +€544 | |
| Total equity and liabilities | 10/49 | €206,590 | €163,244 | -€43,347 | -21.0% |
| Equity | 10/15 | -€29,564 | -€86,105 | -€56,541 | -191% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €3,633 | €3,633 | = | 0.0% |
| Distributable reserves | 133 | €3,633 | €3,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€333,196 | -€389,737 | -€56,541 | -17.0% |
| Amounts payable | 17/49 | €236,154 | €249,348 | +€13,194 | +5.6% |
| Amounts payable within one year | 42/48 | €230,154 | €249,348 | +€19,194 | +8.3% |
| Trade debts | 44 | €24,165 | €35,066 | +€10,901 | +45.1% |
| Suppliers | 440/4 | €24,165 | €35,066 | +€10,901 | +45.1% |
| Advances received on contracts in progress | 46 | - | €20,924 | +€20,924 | |
| Taxes, remuneration and social security | 45 | €95,218 | €44,520 | -€50,698 | -53.2% |
| Taxes | 450/3 | €11,715 | €1,303 | -€10,412 | -88.9% |
| Remuneration and social security | 454/9 | €83,503 | €43,217 | -€40,286 | -48.2% |
| Other amounts payable | 47/48 | €110,770 | €148,837 | +€38,067 | +34.4% |
| Accrued charges and deferred income | 492/3 | €6,000 | €0 | -€6,000 | -100% |
| Non-recurring operating income | 76A | €17,149 | €0 | -€17,149 | -100% |
| Remuneration, social security and pensions | 62 | €494,454 | €262,164 | -€232,290 | -47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,267 | €9,252 | -€27,015 | -74.5% |
| Other operating charges | 640/8 | €7,881 | €3,877 | -€4,004 | -50.8% |
| Gross operating margin | 9900 | €566,150 | €231,558 | -€334,592 | -59.1% |
| Operating profit (loss) | 9901 | €27,547 | -€43,735 | -€71,282 | |
| Financial income | 75/76B | €1,778 | €706 | -€1,072 | -60.3% |
| Recurring financial income | 75 | €1,778 | €706 | -€1,072 | -60.3% |
| Financial charges | 65/66B | €9,292 | €13,373 | +€4,081 | +43.9% |
| Recurring financial charges | 65 | €9,292 | €13,373 | +€4,081 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €20,033 | -€56,402 | -€76,435 | |
| Income taxes | 67/77 | €89 | €139 | +€51 | +56.9% |
| Profit (loss) for the period | 9904 | €19,944 | -€56,541 | -€76,485 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,944 | -€56,541 | -€76,485 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.