BLUESTONE CAPITAL: what changed
Two fiscal 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.
BLUESTONE CAPITAL
Largest movements
- Tangible fixed assets -€375,411
down €375,411 (-24.8%), from €1.5m to €1.1m
- Short-term financial debts -€451,475
down €451,475 (-39.6%), from €1.1m to €689,235
of which Credit institutions: -€452,037
- Other debts +€64,204
up €64,204 (+43.4%), from €147,998 to €212,202
- Trade debts +€16,924
up €16,924 (+116.1%), from €14,574 to €31,498
- Gross operating margin +€67,865
up €67,865, from -€9,553 to €58,311
- Financial charges -€35,708
down €35,708 (-48.9%), from €73,030 to €37,322
- Depreciation -€9,657
down €9,657 (-26.9%), from €35,924 to €26,267
- Other operating charges -€2,361
no longer reported in 2024 (was €2,361)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,512,679 | €1,137,055 | -€375,625 | -24.8% |
| Fixed assets | 21/28 | €1,511,267 | €1,135,856 | -€375,411 | -24.8% |
| Tangible fixed assets | 22/27 | €1,511,267 | €1,135,856 | -€375,411 | -24.8% |
| Land and buildings | 22 | €1,511,267 | €1,135,856 | -€375,411 | -24.8% |
| Current assets | 29/58 | €1,412 | €1,199 | -€213 | -15.1% |
| Amounts receivable within one year | 40/41 | €33 | €197 | +€164 | +493.4% |
| Other amounts receivable | 41 | €33 | €197 | +€164 | +493.4% |
| Cash at bank and in hand | 54/58 | €1,379 | - | -€1,379 | |
| Deferred charges and accrued income | 490/1 | - | €1,002 | +€1,002 | |
| Total equity and liabilities | 10/49 | €1,512,679 | €1,137,055 | -€375,625 | -24.8% |
| Equity | 10/15 | €34,386 | €29,108 | -€5,278 | -15.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,614 | -€220,892 | -€5,278 | -2.4% |
| Amounts payable | 17/49 | €1,478,294 | €1,107,947 | -€370,347 | -25.1% |
| Amounts payable after more than one year | 17 | €175,000 | €175,000 | = | 0.0% |
| Financial debts | 170/4 | €175,000 | €175,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,303,294 | €932,947 | -€370,347 | -28.4% |
| Financial debts | 43 | €1,140,710 | €689,235 | -€451,475 | -39.6% |
| Credit institutions | 430/8 | €1,140,710 | €688,674 | -€452,037 | -39.6% |
| Other loans | 439 | - | €562 | +€562 | |
| Trade debts | 44 | €14,574 | €31,498 | +€16,924 | +116.1% |
| Suppliers | 440/4 | €14,574 | €31,498 | +€16,924 | +116.1% |
| Taxes, remuneration and social security | 45 | €11 | €11 | = | 0.0% |
| Taxes | 450/3 | €11 | €11 | = | 0.0% |
| Other amounts payable | 47/48 | €147,998 | €212,202 | +€64,204 | +43.4% |
| Non-recurring operating income | 76A | - | €76,780 | +€76,780 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,924 | €26,267 | -€9,657 | -26.9% |
| Other operating charges | 640/8 | €2,361 | - | -€2,361 | |
| Gross operating margin | 9900 | -€9,553 | €58,311 | +€67,865 | |
| Operating profit (loss) | 9901 | -€47,839 | €32,044 | +€79,883 | |
| Financial charges | 65/66B | €73,030 | €37,322 | -€35,708 | -48.9% |
| Recurring financial charges | 65 | €73,030 | €37,322 | -€35,708 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | -€120,869 | -€5,278 | +€115,591 | +95.6% |
| Profit (loss) for the period | 9904 | -€120,869 | -€5,278 | +€115,591 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,869 | -€5,278 | +€115,591 | +95.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.