Boule de Bleu: 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.
Boule de Bleu
Largest movements
- Receivables within one year -€30,268
down €30,268 (-87.2%), from €34,717 to €4,449
of which Other amounts receivable: -€30,168
- Cash -€15,958
down €15,958 (-62.1%), from €25,685 to €9,728
mainly Investment in fixed assets (net) (-€28,608) and Debts after one year (-€14,090)
- Stocks and contracts +€11,654
up €11,654 (+87.6%), from €13,303 to €24,957
- Deferred charges and accrued income -€2,064
down €2,064 (-51.6%), from €3,997 to €1,932
- Debts after one year -€14,090
down €14,090 (-25.2%), from €55,971 to €41,881
- Other debts -€12,898
down €12,898 (-7.7%), from €168,125 to €155,227
- Trade debts -€4,272
down €4,272 (-17.4%), from €24,526 to €20,254
- Tax, wage and social debts -€3,496
down €3,496 (-37.0%), from €9,453 to €5,957
- Profit (loss) carried forward -€2,382
down €2,382 (-1.8%), from -€131,454 to -€133,836
- Gross operating margin +€8,876
up €8,876 (+34.1%), from €26,012 to €34,888
- Depreciation -€2,210
down €2,210 (-7.3%), from €30,480 to €28,270
- Financial charges +€1,096
up €1,096 (+25.1%), from €4,368 to €5,464
- Other operating charges +€943
up €943 (+38.2%), from €2,467 to €3,410
- Financial income +€849
up €849 (+4,246,600%), from €0 to €849
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.
Derived cash bridge
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 | €147,931 | €111,634 | -€36,297 | -24.5% |
| Fixed assets | 21/28 | €70,229 | €70,567 | +€338 | +0.5% |
| Intangible fixed assets | 21 | €552 | €266 | -€286 | -51.8% |
| Tangible fixed assets | 22/27 | €69,488 | €70,112 | +€624 | +0.9% |
| Land and buildings | 22 | €21,541 | €36,478 | +€14,937 | +69.3% |
| Plant, machinery and equipment | 23 | €28,090 | €25,552 | -€2,537 | -9.0% |
| Furniture and vehicles | 24 | €5,254 | €6,578 | +€1,324 | +25.2% |
| Other tangible fixed assets | 26 | €14,603 | €1,503 | -€13,100 | -89.7% |
| Financial fixed assets | 28 | €189 | €189 | = | 0.0% |
| Current assets | 29/58 | €77,702 | €41,066 | -€36,635 | -47.1% |
| Stocks and contracts in progress | 3 | €13,303 | €24,957 | +€11,654 | +87.6% |
| Stocks | 30/36 | €13,303 | €24,957 | +€11,654 | +87.6% |
| Amounts receivable within one year | 40/41 | €34,717 | €4,449 | -€30,268 | -87.2% |
| Trade receivables | 40 | €100 | - | -€100 | |
| Other amounts receivable | 41 | €34,617 | €4,449 | -€30,168 | -87.1% |
| Cash at bank and in hand | 54/58 | €25,685 | €9,728 | -€15,958 | -62.1% |
| Deferred charges and accrued income | 490/1 | €3,997 | €1,932 | -€2,064 | -51.6% |
| Total equity and liabilities | 10/49 | €147,931 | €111,634 | -€36,297 | -24.5% |
| Equity | 10/15 | -€123,394 | -€125,776 | -€2,382 | -1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,454 | -€133,836 | -€2,382 | -1.8% |
| Amounts payable | 17/49 | €271,325 | €237,410 | -€33,915 | -12.5% |
| Amounts payable after more than one year | 17 | €55,971 | €41,881 | -€14,090 | -25.2% |
| Financial debts | 170/4 | €55,971 | €41,881 | -€14,090 | -25.2% |
| Amounts payable within one year | 42/48 | €215,354 | €195,529 | -€19,825 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €13,250 | €14,090 | +€841 | +6.3% |
| Trade debts | 44 | €24,526 | €20,254 | -€4,272 | -17.4% |
| Suppliers | 440/4 | €24,526 | €20,254 | -€4,272 | -17.4% |
| Taxes, remuneration and social security | 45 | €9,453 | €5,957 | -€3,496 | -37.0% |
| Taxes | 450/3 | €9,453 | €5,957 | -€3,496 | -37.0% |
| Other amounts payable | 47/48 | €168,125 | €155,227 | -€12,898 | -7.7% |
| Remuneration, social security and pensions | 62 | - | €762 | +€762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,480 | €28,270 | -€2,210 | -7.3% |
| Other operating charges | 640/8 | €2,467 | €3,410 | +€943 | +38.2% |
| Non-recurring operating charges | 66A | €480 | - | -€480 | |
| Gross operating margin | 9900 | €26,012 | €34,888 | +€8,876 | +34.1% |
| Operating profit (loss) | 9901 | -€7,414 | €2,446 | +€9,861 | |
| Financial income | 75/76B | €0 | €849 | +€849 | +4,246,600% |
| Recurring financial income | 75 | €0 | €849 | +€849 | +4,246,600% |
| Financial charges | 65/66B | €4,368 | €5,464 | +€1,096 | +25.1% |
| Recurring financial charges | 65 | €4,368 | €5,464 | +€1,096 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,782 | -€2,168 | +€9,614 | +81.6% |
| Income taxes | 67/77 | €157 | €214 | +€57 | +36.4% |
| Profit (loss) for the period | 9904 | -€11,939 | -€2,382 | +€9,557 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,939 | -€2,382 | +€9,557 | +80.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.