BlueChem Building: 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
BlueChem Building
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€43,105
2024 · -€50,379+€7,274
Equity
€2.7m
2024 · €2.8m-€133,530
Cash
€578,525
2024 · €485,439+€93,087
Balance sheet total
€7.6m
2024 · €7.7m-€167,489
Largest movements
Assets
- Tangible fixed assets -€244,624
down €244,624 (-3.4%), from €7.2m to €7.0m
- Cash +€93,087
up €93,087 (+19.2%), from €485,439 to €578,525
mainly Depreciation (+€244,624) and Accrued charges and deferred income (+€18,940)
Equity and liabilities
- Investment grants -€90,425
down €90,425 (-3.5%), from €2.6m to €2.5m
Income statement
- Financial charges -€16,961
down €16,961 (-6.8%), from €250,094 to €233,133
- Gross operating margin -€12,518
down €12,518 (-3.8%), from €327,745 to €315,227
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.
Result 2024
-€50,379
Gross operating margin
-€12,518
Depreciation
+€2,816
Other operating charges
+€16
Financial income
-€0
Financial charges
+€16,961
Result 2025
-€43,105
raises the resultlowers the result
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.
From operations
+€211,494
Investment
€0
Financing
-€118,407
Cash 2024
€485,439
From operations (derived)
+€211,494
Net result for the year
-€43,105
Depreciation
+€244,624
Receivables within one year
+€4,039
Deferred charges and accrued income
+€11,913
Provisions
-€30,142
Trade debts
+€5,226
Other debts
-€1
Accrued charges and deferred income
+€18,940
Financing
-€118,407
Debts after one year
-€27,982
Contributions, distributions and other
-€90,425
Cash 2025
€578,525
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,747,835 | €7,580,345 | -€167,489 | -2.2% |
| Fixed assets | 21/28 | €7,242,441 | €6,997,818 | -€244,624 | -3.4% |
| Tangible fixed assets | 22/27 | €7,242,441 | €6,997,818 | -€244,624 | -3.4% |
| Land and buildings | 22 | €7,242,441 | €6,997,818 | -€244,624 | -3.4% |
| Current assets | 29/58 | €505,393 | €582,528 | +€77,135 | +15.3% |
| Amounts receivable within one year | 40/41 | €8,041 | €4,003 | -€4,039 | -50.2% |
| Trade receivables | 40 | €8,041 | - | -€8,041 | |
| Other amounts receivable | 41 | €0 | €4,003 | +€4,003 | |
| Cash at bank and in hand | 54/58 | €485,439 | €578,525 | +€93,087 | +19.2% |
| Deferred charges and accrued income | 490/1 | €11,913 | - | -€11,913 | |
| Total equity and liabilities | 10/49 | €7,747,835 | €7,580,345 | -€167,489 | -2.2% |
| Equity | 10/15 | €2,836,730 | €2,703,200 | -€133,530 | -4.7% |
| Contributions | 10/11 | €310,001 | €310,001 | = | 0.0% |
| Capital | 10 | €310,001 | €310,001 | = | 0.0% |
| Issued capital | 100 | €385,000 | €385,000 | = | 0.0% |
| Uncalled capital | 101 | €74,999 | €74,999 | = | 0.0% |
| Reserves | 13 | €3,996 | €3,996 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,996 | €3,996 | = | 0.0% |
| Legal reserve | 130 | €3,996 | €3,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,783 | -€74,888 | -€43,105 | -136% |
| Investment grants | 15 | €2,554,516 | €2,464,090 | -€90,425 | -3.5% |
| Provisions and deferred taxes | 16 | €851,505 | €821,364 | -€30,142 | -3.5% |
| Deferred taxes | 168 | €851,505 | €821,364 | -€30,142 | -3.5% |
| Amounts payable | 17/49 | €4,059,599 | €4,055,782 | -€3,817 | -0.1% |
| Amounts payable after more than one year | 17 | €3,811,140 | €3,783,158 | -€27,982 | -0.7% |
| Financial debts | 170/4 | €3,811,140 | €3,783,158 | -€27,982 | -0.7% |
| Amounts payable within one year | 42/48 | €103,328 | €108,552 | +€5,225 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €94,950 | €94,950 | = | 0.0% |
| Trade debts | 44 | €8,377 | €13,602 | +€5,226 | +62.4% |
| Suppliers | 440/4 | €8,377 | €13,602 | +€5,226 | +62.4% |
| Other amounts payable | 47/48 | €1 | - | -€1 | |
| Accrued charges and deferred income | 492/3 | €145,132 | €164,072 | +€18,940 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,440 | €244,624 | -€2,816 | -1.1% |
| Other operating charges | 640/8 | €1,158 | €1,143 | -€16 | -1.3% |
| Gross operating margin | 9900 | €327,745 | €315,227 | -€12,518 | -3.8% |
| Operating profit (loss) | 9901 | €79,147 | €69,461 | -€9,687 | -12.2% |
| Financial income | 75/76B | €90,425 | €90,425 | -€0 | 0.0% |
| Recurring financial income | 75 | €90,425 | €90,425 | -€0 | 0.0% |
| Financial charges | 65/66B | €250,094 | €233,133 | -€16,961 | -6.8% |
| Recurring financial charges | 65 | €250,094 | €233,133 | -€16,961 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€80,521 | -€73,247 | +€7,274 | +9.0% |
| Transfer from deferred taxes | 780 | €30,142 | €30,142 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€50,379 | -€43,105 | +€7,274 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,379 | -€43,105 | +€7,274 | +14.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.