BLUEWATERS: 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.
BLUEWATERS
Largest movements
- Receivables within one year +€5,899
up €5,899 (+9.9%), from €59,441 to €65,340
- Cash -€1,951
down €1,951 (-3.2%), from €61,778 to €59,828
mainly Receivables within one year (-€5,899) and Tax, wage and social debts (-€4,657)
- Reserves +€8,000
up €8,000 (+16.0%), from €50,000 to €58,000
- Tax, wage and social debts -€4,657
down €4,657 (-8.4%), from €55,576 to €50,919
of which Taxes: -€6,453
- Trade debts -€2,711
down €2,711 (-88.2%), from €3,075 to €363
- Other debts +€2,344
new in 2024: €2,344
- Gross operating margin -€71,335
down €71,335 (-82.7%), from €86,283 to €14,948
- Taxes -€17,018
down €17,018 (-75.9%), from €22,424 to €5,406
- Other operating charges -€2,200
down €2,200 (-88.0%), from €2,500 to €300
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 | €122,633 | €125,714 | +€3,081 | +2.5% |
| Fixed assets | 21/28 | €1,413 | €546 | -€867 | -61.3% |
| Tangible fixed assets | 22/27 | €1,413 | €546 | -€867 | -61.3% |
| Furniture and vehicles | 24 | €1,413 | €546 | -€867 | -61.3% |
| Current assets | 29/58 | €121,220 | €125,168 | +€3,948 | +3.3% |
| Amounts receivable within one year | 40/41 | €59,441 | €65,340 | +€5,899 | +9.9% |
| Trade receivables | 40 | €59,441 | €65,340 | +€5,899 | +9.9% |
| Cash at bank and in hand | 54/58 | €61,778 | €59,828 | -€1,951 | -3.2% |
| Total equity and liabilities | 10/49 | €122,633 | €125,714 | +€3,081 | +2.5% |
| Equity | 10/15 | €63,918 | €72,087 | +€8,168 | +12.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €58,000 | +€8,000 | +16.0% |
| Distributable reserves | 133 | €50,000 | €58,000 | +€8,000 | +16.0% |
| Profit (loss) carried forward | 14 | €9,918 | €10,087 | +€168 | +1.7% |
| Amounts payable | 17/49 | €58,715 | €53,627 | -€5,087 | -8.7% |
| Amounts payable within one year | 42/48 | €58,651 | €53,627 | -€5,024 | -8.6% |
| Trade debts | 44 | €3,075 | €363 | -€2,711 | -88.2% |
| Suppliers | 440/4 | €3,075 | €363 | -€2,711 | -88.2% |
| Taxes, remuneration and social security | 45 | €55,576 | €50,919 | -€4,657 | -8.4% |
| Taxes | 450/3 | €42,276 | €35,823 | -€6,453 | -15.3% |
| Remuneration and social security | 454/9 | €13,300 | €15,096 | +€1,796 | +13.5% |
| Other amounts payable | 47/48 | - | €2,344 | +€2,344 | |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,188 | €867 | -€321 | -27.0% |
| Other operating charges | 640/8 | €2,500 | €300 | -€2,200 | -88.0% |
| Gross operating margin | 9900 | €86,283 | €14,948 | -€71,335 | -82.7% |
| Operating profit (loss) | 9901 | €82,595 | €13,781 | -€68,814 | -83.3% |
| Financial charges | 65/66B | €252 | €206 | -€46 | -18.2% |
| Recurring financial charges | 65 | €252 | €206 | -€46 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €82,343 | €13,575 | -€68,768 | -83.5% |
| Income taxes | 67/77 | €22,424 | €5,406 | -€17,018 | -75.9% |
| Profit (loss) for the period | 9904 | €59,918 | €8,168 | -€51,750 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,918 | €8,168 | -€51,750 | -86.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.