BluMerch: 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.
BluMerch
Largest movements
- Receivables within one year +€31,688
up €31,688 (+32.1%), from €98,724 to €130,412
of which Trade receivables: +€31,761
- Cash +€16,258
up €16,258 (+39.0%), from €41,693 to €57,952
mainly Trade debts (+€83,342) and Net result for the year (+€10,141)
- Stocks and contracts +€9,943
up €9,943 (+4.9%), from €201,229 to €211,172
- Tangible fixed assets -€8,456
down €8,456 (-64.2%), from €13,172 to €4,716
of which Plant, machinery and equipment: -€7,835
- Financial fixed assets +€7,598
up €7,598 (+140.6%), from €5,405 to €13,003
- Trade debts +€83,342
up €83,342 (+59.6%), from €139,722 to €223,064
- Other debts -€25,586
down €25,586 (-30.3%), from €84,501 to €58,915
- Tax, wage and social debts -€10,865
down €10,865 (-43.0%), from €25,296 to €14,431
of which Taxes: -€7,030
- Profit (loss) carried forward +€10,141
up €10,141 (+49.8%), from -€20,355 to -€10,214
- Staff costs -€37,278
down €37,278 (-46.0%), from €81,064 to €43,786
- Gross operating margin -€27,495
down €27,495 (-27.6%), from €99,796 to €72,301
- Other operating charges -€10,305
down €10,305 (-94.5%), from €10,900 to €594
- Taxes -€9,611
down €9,611 (-97.3%), from €9,878 to €267
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 | €360,224 | €417,255 | +€57,031 | +15.8% |
| Fixed assets | 21/28 | €18,577 | €17,719 | -€858 | -4.6% |
| Tangible fixed assets | 22/27 | €13,172 | €4,716 | -€8,456 | -64.2% |
| Plant, machinery and equipment | 23 | €11,542 | €3,707 | -€7,835 | -67.9% |
| Furniture and vehicles | 24 | €1,631 | €1,009 | -€621 | -38.1% |
| Financial fixed assets | 28 | €5,405 | €13,003 | +€7,598 | +140.6% |
| Current assets | 29/58 | €341,647 | €399,536 | +€57,889 | +16.9% |
| Stocks and contracts in progress | 3 | €201,229 | €211,172 | +€9,943 | +4.9% |
| Stocks | 30/36 | €201,229 | €211,172 | +€9,943 | +4.9% |
| Amounts receivable within one year | 40/41 | €98,724 | €130,412 | +€31,688 | +32.1% |
| Trade receivables | 40 | €98,478 | €130,240 | +€31,761 | +32.3% |
| Other amounts receivable | 41 | €245 | €172 | -€73 | -29.8% |
| Cash at bank and in hand | 54/58 | €41,693 | €57,952 | +€16,258 | +39.0% |
| Total equity and liabilities | 10/49 | €360,224 | €417,255 | +€57,031 | +15.8% |
| Equity | 10/15 | €110,705 | €120,846 | +€10,141 | +9.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €111,060 | €111,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €109,060 | €109,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,355 | -€10,214 | +€10,141 | +49.8% |
| Amounts payable | 17/49 | €249,519 | €296,409 | +€46,890 | +18.8% |
| Amounts payable within one year | 42/48 | €249,519 | €296,409 | +€46,890 | +18.8% |
| Trade debts | 44 | €139,722 | €223,064 | +€83,342 | +59.6% |
| Suppliers | 440/4 | €139,722 | €223,064 | +€83,342 | +59.6% |
| Taxes, remuneration and social security | 45 | €25,296 | €14,431 | -€10,865 | -43.0% |
| Taxes | 450/3 | €12,125 | €5,095 | -€7,030 | -58.0% |
| Remuneration and social security | 454/9 | €13,171 | €9,336 | -€3,835 | -29.1% |
| Other amounts payable | 47/48 | €84,501 | €58,915 | -€25,586 | -30.3% |
| Non-recurring operating income | 76A | €6,902 | - | -€6,902 | |
| Remuneration, social security and pensions | 62 | €81,064 | €43,786 | -€37,278 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,828 | €8,456 | -€372 | -4.2% |
| Other operating charges | 640/8 | €10,900 | €594 | -€10,305 | -94.5% |
| Gross operating margin | 9900 | €99,796 | €72,301 | -€27,495 | -27.6% |
| Operating profit (loss) | 9901 | -€995 | €19,465 | +€20,460 | |
| Financial income | 75/76B | €174 | €47 | -€128 | -73.1% |
| Recurring financial income | 75 | €174 | €47 | -€128 | -73.1% |
| Financial charges | 65/66B | €9,656 | €9,105 | -€552 | -5.7% |
| Recurring financial charges | 65 | €9,656 | €9,105 | -€552 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,477 | €10,407 | +€20,884 | |
| Income taxes | 67/77 | €9,878 | €267 | -€9,611 | -97.3% |
| Profit (loss) for the period | 9904 | -€20,355 | €10,141 | +€30,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,355 | €10,141 | +€30,496 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.