Blueocean 1: 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.
Blueocean 1
Largest movements
- Receivables within one year -€19,991
down €19,991 (-16.6%), from €120,273 to €100,282
of which Other amounts receivable: -€24,427
- Cash +€2,500
up €2,500 (+6.2%), from €40,635 to €43,135
mainly Net result for the year (+€25,847) and Receivables within one year (+€19,991)
- Other debts -€34,429
no longer reported in 2025 (was €34,429)
- Profit (loss) carried forward +€25,847
new in 2025: €25,847
- Tax, wage and social debts -€11,647
down €11,647 (-58.5%), from €19,905 to €8,258
- Trade debts +€3,330
up €3,330 (+12408.2%), from €27 to €3,357
- Gross operating margin -€14,878
down €14,878 (-30.9%), from €48,205 to €33,328
- Taxes -€3,745
down €3,745 (-31.2%), from €11,998 to €8,253
- Financial charges +€1,939
up €1,939 (+4177.1%), from €46 to €1,985
- Financial income -€1,023
down €1,023 (-16.8%), from €6,089 to €5,066
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 | €167,106 | €150,207 | -€16,899 | -10.1% |
| Fixed assets | 21/28 | €6,198 | €6,791 | +€592 | +9.6% |
| Tangible fixed assets | 22/27 | €6,198 | €6,791 | +€592 | +9.6% |
| Land and buildings | 22 | €5,162 | €4,286 | -€876 | -17.0% |
| Furniture and vehicles | 24 | €1,036 | €2,505 | +€1,468 | +141.7% |
| Current assets | 29/58 | €160,908 | €143,417 | -€17,491 | -10.9% |
| Amounts receivable within one year | 40/41 | €120,273 | €100,282 | -€19,991 | -16.6% |
| Trade receivables | 40 | €10,618 | €15,054 | +€4,436 | +41.8% |
| Other amounts receivable | 41 | €109,655 | €85,228 | -€24,427 | -22.3% |
| Cash at bank and in hand | 54/58 | €40,635 | €43,135 | +€2,500 | +6.2% |
| Total equity and liabilities | 10/49 | €167,106 | €150,207 | -€16,899 | -10.1% |
| Equity | 10/15 | €112,746 | €138,592 | +€25,847 | +22.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €108,746 | €108,746 | = | 0.0% |
| Distributable reserves | 133 | €108,746 | €108,746 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €25,847 | +€25,847 | |
| Amounts payable | 17/49 | €54,361 | €11,615 | -€42,746 | -78.6% |
| Amounts payable within one year | 42/48 | €54,361 | €11,615 | -€42,746 | -78.6% |
| Trade debts | 44 | €27 | €3,357 | +€3,330 | +12408.2% |
| Suppliers | 440/4 | €27 | €3,357 | +€3,330 | +12408.2% |
| Taxes, remuneration and social security | 45 | €19,905 | €8,258 | -€11,647 | -58.5% |
| Taxes | 450/3 | €19,905 | €8,258 | -€11,647 | -58.5% |
| Other amounts payable | 47/48 | €34,429 | - | -€34,429 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €907 | €1,332 | +€425 | +46.9% |
| Other operating charges | 640/8 | €838 | €976 | +€138 | +16.5% |
| Gross operating margin | 9900 | €48,205 | €33,328 | -€14,878 | -30.9% |
| Operating profit (loss) | 9901 | €46,460 | €31,019 | -€15,441 | -33.2% |
| Financial income | 75/76B | €6,089 | €5,066 | -€1,023 | -16.8% |
| Recurring financial income | 75 | €6,089 | €5,066 | -€1,023 | -16.8% |
| Financial charges | 65/66B | €46 | €1,985 | +€1,939 | +4177.1% |
| Recurring financial charges | 65 | €46 | €1,985 | +€1,939 | +4177.1% |
| Profit (loss) for the period before taxes | 9903 | €52,502 | €34,100 | -€18,402 | -35.1% |
| Income taxes | 67/77 | €11,998 | €8,253 | -€3,745 | -31.2% |
| Profit (loss) for the period | 9904 | €40,504 | €25,847 | -€14,657 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,504 | €25,847 | -€14,657 | -36.2% |
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.