Bluestone Development: 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 Development
Largest movements
- Tangible fixed assets -€199,006
down €199,006 (-3.2%), from €6.3m to €6.1m
of which Land and buildings: -€180,174
- Debts after one year -€237,413
down €237,413 (-5.8%), from €4.1m to €3.8m
of which Financial debts: -€237,533
- Reserves +€62,969
new in 2025: €62,969
- Turnover -€515,298
no longer reported in 2025 (was €515,298)
- Purchases and services -€170,766
no longer reported in 2025 (was €170,766)
- Gross operating margin +€68,917
up €68,917 (+20.0%), from €344,532 to €413,449
- Taxes +€20,345
new in 2025: €20,345
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 | €6,276,333 | €6,076,980 | -€199,354 | -3.2% |
| Fixed assets | 21/28 | €6,257,484 | €6,058,478 | -€199,006 | -3.2% |
| Tangible fixed assets | 22/27 | €6,257,484 | €6,058,478 | -€199,006 | -3.2% |
| Land and buildings | 22 | €6,115,034 | €5,934,860 | -€180,174 | -2.9% |
| Other tangible fixed assets | 26 | €142,450 | €123,618 | -€18,832 | -13.2% |
| Current assets | 29/58 | €18,850 | €18,502 | -€348 | -1.8% |
| Cash at bank and in hand | 54/58 | €18,850 | €18,502 | -€348 | -1.8% |
| Total equity and liabilities | 10/49 | €6,276,333 | €6,076,980 | -€199,354 | -3.2% |
| Equity | 10/15 | €467,617 | €530,586 | +€62,969 | +13.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | - | €62,969 | +€62,969 | |
| Distributable reserves | 133 | - | €62,969 | +€62,969 | |
| Profit (loss) carried forward | 14 | -€32,383 | -€32,383 | = | 0.0% |
| Amounts payable | 17/49 | €5,808,717 | €5,546,394 | -€262,323 | -4.5% |
| Amounts payable after more than one year | 17 | €4,071,945 | €3,834,532 | -€237,413 | -5.8% |
| Financial debts | 170/4 | €4,070,125 | €3,832,592 | -€237,533 | -5.8% |
| Other amounts payable | 178/9 | €1,820 | €1,940 | +€120 | +6.6% |
| Amounts payable within one year | 42/48 | €1,731,877 | €1,707,232 | -€24,644 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €253,453 | €256,921 | +€3,468 | +1.4% |
| Trade debts | 44 | €14,878 | €1,420 | -€13,458 | -90.5% |
| Suppliers | 440/4 | €14,878 | €1,420 | -€13,458 | -90.5% |
| Taxes, remuneration and social security | 45 | €4,689 | €25,034 | +€20,345 | +433.9% |
| Taxes | 450/3 | - | €20,345 | +€20,345 | |
| Remuneration and social security | 454/9 | €4,689 | €4,689 | = | 0.0% |
| Other amounts payable | 47/48 | €1,458,857 | €1,423,857 | -€35,000 | -2.4% |
| Accrued charges and deferred income | 492/3 | €4,895 | €4,630 | -€265 | -5.4% |
| Turnover | 70 | €515,298 | - | -€515,298 | |
| Goods, raw materials, services and sundry goods | 60/61 | €170,766 | - | -€170,766 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,006 | €199,006 | = | 0.0% |
| Other operating charges | 640/8 | €71,420 | €73,654 | +€2,234 | +3.1% |
| Gross operating margin | 9900 | €344,532 | €413,449 | +€68,917 | +20.0% |
| Operating profit (loss) | 9901 | €74,107 | €140,789 | +€66,682 | +90.0% |
| Financial income | 75/76B | - | €77 | +€77 | |
| Recurring financial income | 75 | - | €77 | +€77 | |
| Financial charges | 65/66B | €60,403 | €57,552 | -€2,851 | -4.7% |
| Recurring financial charges | 65 | €60,403 | €57,552 | -€2,851 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €13,703 | €83,314 | +€69,611 | +508.0% |
| Income taxes | 67/77 | - | €20,345 | +€20,345 | |
| Profit (loss) for the period | 9904 | €13,703 | €62,969 | +€49,266 | +359.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,703 | €62,969 | +€49,266 | +359.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.