Bluvngoan: what changed
Bluvngoan
Largest movements
- Cash -€113,015
down €113,015 (-89.6%), from €126,109 to €13,094
mainly Debts after one year (-€153,115) and Deferred charges and accrued income (-€55,182)
- Deferred charges and accrued income +€55,182
up €55,182 (+647%), from €8,525 to €63,707
- Tangible fixed assets -€34,046
down €34,046 (-4.8%), from €707,088 to €673,042
of which Land and buildings: -€19,513
- Receivables within one year -€10,326
down €10,326 (-76.8%), from €13,441 to €3,115
of which Trade receivables: -€10,814
- Debts after one year -€153,115
down €153,115 (-29.9%), from €512,072 to €358,957
- Current portion of long-term debt +€14,356
up €14,356 (+40.1%), from €35,784 to €50,140
- Trade debts +€13,723
up €13,723 (+69.7%), from €19,696 to €33,418
- Profit (loss) carried forward +€10,565
up €10,565 (+6.4%), from -€165,578 to -€155,014
- Advances received +€8,853
up €8,853 (+10.4%), from €85,352 to €94,205
- Gross operating margin -€30,407
down €30,407 (-25.0%), from €121,445 to €91,038
- Other operating charges -€17,441
down €17,441 (-79.7%), from €21,879 to €4,439
- Staff costs +€10,380
up €10,380 (+66.9%), from €15,524 to €25,904
- Financial charges +€4,286
up €4,286 (+163%), from €2,636 to €6,923
- Financial income -€3,665
down €3,665 (-96.4%), from €3,801 to €137
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €863,705 | €761,360 | -€102,345 | -11.8% |
| Fixed assets | 21/28 | €707,088 | €673,042 | -€34,046 | -4.8% |
| Tangible fixed assets | 22/27 | €707,088 | €673,042 | -€34,046 | -4.8% |
| Land and buildings | 22 | €573,143 | €553,631 | -€19,513 | -3.4% |
| Plant, machinery and equipment | 23 | €16,970 | €13,105 | -€3,866 | -22.8% |
| Furniture and vehicles | 24 | €17,362 | €13,381 | -€3,981 | -22.9% |
| Other tangible fixed assets | 26 | €99,612 | €92,926 | -€6,686 | -6.7% |
| Current assets | 29/58 | €156,618 | €88,319 | -€68,299 | -43.6% |
| Stocks and contracts in progress | 3 | €8,542 | €8,402 | -€140 | -1.6% |
| Stocks | 30/36 | €8,542 | €8,402 | -€140 | -1.6% |
| Amounts receivable within one year | 40/41 | €13,441 | €3,115 | -€10,326 | -76.8% |
| Trade receivables | 40 | €13,093 | €2,279 | -€10,814 | -82.6% |
| Other amounts receivable | 41 | €348 | €836 | +€488 | +140% |
| Cash at bank and in hand | 54/58 | €126,109 | €13,094 | -€113,015 | -89.6% |
| Deferred charges and accrued income | 490/1 | €8,525 | €63,707 | +€55,182 | +647% |
| Total equity and liabilities | 10/49 | €863,705 | €761,360 | -€102,345 | -11.8% |
| Equity | 10/15 | €112,922 | €123,487 | +€10,565 | +9.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €178,501 | €178,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,578 | -€155,014 | +€10,565 | +6.4% |
| Amounts payable | 17/49 | €750,783 | €637,873 | -€112,910 | -15.0% |
| Amounts payable after more than one year | 17 | €512,072 | €358,957 | -€153,115 | -29.9% |
| Financial debts | 170/4 | €512,072 | €358,957 | -€153,115 | -29.9% |
| Amounts payable within one year | 42/48 | €238,711 | €278,916 | +€40,205 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €35,784 | €50,140 | +€14,356 | +40.1% |
| Trade debts | 44 | €19,696 | €33,418 | +€13,723 | +69.7% |
| Suppliers | 440/4 | €19,696 | €33,418 | +€13,723 | +69.7% |
| Advances received on contracts in progress | 46 | €85,352 | €94,205 | +€8,853 | +10.4% |
| Taxes, remuneration and social security | 45 | €4,023 | €6,494 | +€2,471 | +61.4% |
| Taxes | 450/3 | €3,712 | €6,212 | +€2,500 | +67.4% |
| Remuneration and social security | 454/9 | €311 | €282 | -€29 | -9.4% |
| Other amounts payable | 47/48 | €93,857 | €94,659 | +€803 | +0.9% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €15,524 | €25,904 | +€10,380 | +66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,681 | €38,728 | +€2,047 | +5.6% |
| Other operating charges | 640/8 | €21,879 | €4,439 | -€17,441 | -79.7% |
| Non-recurring operating charges | 66A | - | €1,421 | +€1,421 | |
| Gross operating margin | 9900 | €121,445 | €91,038 | -€30,407 | -25.0% |
| Operating profit (loss) | 9901 | €47,361 | €20,547 | -€26,813 | -56.6% |
| Financial income | 75/76B | €3,801 | €137 | -€3,665 | -96.4% |
| Recurring financial income | 75 | €3,801 | €137 | -€3,665 | -96.4% |
| Financial charges | 65/66B | €2,636 | €6,923 | +€4,286 | +163% |
| Recurring financial charges | 65 | €2,636 | €6,923 | +€4,286 | +163% |
| Profit (loss) for the period before taxes | 9903 | €48,526 | €13,761 | -€34,765 | -71.6% |
| Income taxes | 67/77 | €5,114 | €3,196 | -€1,918 | -37.5% |
| Profit (loss) for the period | 9904 | €43,412 | €10,565 | -€32,847 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,412 | €10,565 | -€32,847 | -75.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.