BlueMan(gmnt): 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.
BlueMan(gmnt)
Largest movements
- Tangible fixed assets +€126,386
up €126,386 (+186.6%), from €67,736 to €194,122
- Cash +€14,356
up €14,356 (+150.9%), from €9,516 to €23,872
mainly Other debts (+€108,263) and Debts after one year (+€48,895)
- Receivables within one year -€6,479
down €6,479 (-3.7%), from €175,752 to €169,274
of which Other amounts receivable: -€8,662
- Other debts +€108,263
up €108,263 (+31.6%), from €342,816 to €451,078
- Debts after one year +€48,895
new in 2025: €48,895
- Trade debts -€34,963
down €34,963 (-97.4%), from €35,878 to €915
- Current portion of long-term debt +€12,158
up €12,158, from €0 to €12,158
- Gross operating margin +€54,728
up €54,728, from -€17,639 to €37,088
- Depreciation +€6,061
up €6,061 (+50.1%), from €12,095 to €18,156
- Taxes -€4,862
down €4,862 (-93.2%), from €5,217 to €355
- Other operating charges +€3,306
up €3,306 (+186.9%), from €1,768 to €5,074
- Financial charges +€616
up €616 (+17.2%), from €3,582 to €4,199
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.
Cash bridge derived
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 | €254,611 | €389,209 | +€134,599 | +52.9% |
| Fixed assets | 21/28 | €67,736 | €194,122 | +€126,386 | +186.6% |
| Tangible fixed assets | 22/27 | €67,736 | €194,122 | +€126,386 | +186.6% |
| Furniture and vehicles | 24 | €67,736 | €194,122 | +€126,386 | +186.6% |
| Current assets | 29/58 | €186,874 | €195,087 | +€8,213 | +4.4% |
| Amounts receivable within one year | 40/41 | €175,752 | €169,274 | -€6,479 | -3.7% |
| Trade receivables | 40 | €95,640 | €97,823 | +€2,183 | +2.3% |
| Other amounts receivable | 41 | €80,112 | €71,450 | -€8,662 | -10.8% |
| Cash at bank and in hand | 54/58 | €9,516 | €23,872 | +€14,356 | +150.9% |
| Deferred charges and accrued income | 490/1 | €1,606 | €1,942 | +€336 | +20.9% |
| Total equity and liabilities | 10/49 | €254,611 | €389,209 | +€134,599 | +52.9% |
| Equity | 10/15 | -€127,343 | -€124,691 | +€2,652 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,015 | €30,015 | = | 0.0% |
| Distributable reserves | 133 | €30,015 | €30,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,958 | -€173,306 | +€2,652 | +1.5% |
| Amounts payable | 17/49 | €381,953 | €513,900 | +€131,947 | +34.5% |
| Amounts payable after more than one year | 17 | - | €48,895 | +€48,895 | |
| Other amounts payable | 178/9 | - | €48,895 | +€48,895 | |
| Amounts payable within one year | 42/48 | €379,391 | €464,705 | +€85,314 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €12,158 | +€12,158 | |
| Trade debts | 44 | €35,878 | €915 | -€34,963 | -97.4% |
| Suppliers | 440/4 | €35,878 | €915 | -€34,963 | -97.4% |
| Taxes, remuneration and social security | 45 | €698 | €555 | -€143 | -20.5% |
| Taxes | 450/3 | €698 | €555 | -€143 | -20.5% |
| Other amounts payable | 47/48 | €342,816 | €451,078 | +€108,263 | +31.6% |
| Accrued charges and deferred income | 492/3 | €2,562 | €300 | -€2,262 | -88.3% |
| Non-recurring operating income | 76A | - | €5,987 | +€5,987 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,095 | €18,156 | +€6,061 | +50.1% |
| Other operating charges | 640/8 | €1,768 | €5,074 | +€3,306 | +186.9% |
| Non-recurring operating charges | 66A | €3,500 | €6,730 | +€3,230 | +92.3% |
| Gross operating margin | 9900 | -€17,639 | €37,088 | +€54,728 | |
| Operating profit (loss) | 9901 | -€35,003 | €7,128 | +€42,130 | |
| Financial income | 75/76B | €15 | €77 | +€63 | +432.4% |
| Recurring financial income | 75 | €15 | €77 | +€63 | +432.4% |
| Financial charges | 65/66B | €3,582 | €4,199 | +€616 | +17.2% |
| Recurring financial charges | 65 | €3,582 | €4,199 | +€616 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,571 | €3,006 | +€41,577 | |
| Income taxes | 67/77 | €5,217 | €355 | -€4,862 | -93.2% |
| Profit (loss) for the period | 9904 | -€43,788 | €2,652 | +€46,440 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,788 | €2,652 | +€46,440 |
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 12 October 2026 via checked.be.