De Blauwe Maan: 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.
De Blauwe Maan
Largest movements
- Cash -€3,931
down €3,931 (-7.6%), from €51,867 to €47,936
mainly Other debts (-€14,749) and Trade debts (-€90)
- Tangible fixed assets -€1,350
down €1,350 (-66.0%), from €2,046 to €696
of which Plant, machinery and equipment: -€771
- Other debts -€14,749
down €14,749 (-96.0%), from €15,361 to €612
- Profit (loss) carried forward +€8,218
up €8,218 (+55.4%), from €14,823 to €23,041
- Tax, wage and social debts +€1,144
up €1,144 (+45.3%), from €2,524 to €3,669
of which Taxes: +€1,144
- Gross operating margin +€2,998
up €2,998 (+26.0%), from €11,509 to €14,506
- Financial income -€823
down €823 (-87.4%), from €942 to €119
- Financial charges +€668
up €668 (+71.0%), from €940 to €1,608
- Taxes +€475
up €475 (+23.7%), from €2,004 to €2,479
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 | €62,133 | €56,657 | -€5,476 | -8.8% |
| Fixed assets | 21/28 | €2,046 | €696 | -€1,350 | -66.0% |
| Tangible fixed assets | 22/27 | €2,046 | €696 | -€1,350 | -66.0% |
| Plant, machinery and equipment | 23 | €1,205 | €434 | -€771 | -64.0% |
| Furniture and vehicles | 24 | €660 | €195 | -€465 | -70.5% |
| Other tangible fixed assets | 26 | €181 | €66 | -€114 | -63.3% |
| Current assets | 29/58 | €60,087 | €55,961 | -€4,126 | -6.9% |
| Stocks and contracts in progress | 3 | €4,749 | €4,580 | -€170 | -3.6% |
| Stocks | 30/36 | €4,749 | €4,580 | -€170 | -3.6% |
| Amounts receivable within one year | 40/41 | €548 | €498 | -€50 | -9.1% |
| Other amounts receivable | 41 | €548 | €498 | -€50 | -9.1% |
| Cash at bank and in hand | 54/58 | €51,867 | €47,936 | -€3,931 | -7.6% |
| Deferred charges and accrued income | 490/1 | €2,922 | €2,947 | +€25 | +0.9% |
| Total equity and liabilities | 10/49 | €62,133 | €56,657 | -€5,476 | -8.8% |
| Equity | 10/15 | €43,667 | €51,885 | +€8,218 | +18.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,844 | €8,844 | = | 0.0% |
| Distributable reserves | 133 | €8,844 | €8,844 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,823 | €23,041 | +€8,218 | +55.4% |
| Amounts payable | 17/49 | €18,466 | €4,772 | -€13,694 | -74.2% |
| Amounts payable within one year | 42/48 | €18,466 | €4,772 | -€13,694 | -74.2% |
| Trade debts | 44 | €581 | €492 | -€90 | -15.4% |
| Suppliers | 440/4 | €581 | €492 | -€90 | -15.4% |
| Taxes, remuneration and social security | 45 | €2,524 | €3,669 | +€1,144 | +45.3% |
| Taxes | 450/3 | €2,524 | €3,669 | +€1,144 | +45.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €15,361 | €612 | -€14,749 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,350 | €1,350 | -€0 | 0.0% |
| Other operating charges | 640/8 | €943 | €970 | +€27 | +2.8% |
| Non-recurring operating charges | 66A | €206 | €0 | -€206 | -100% |
| Gross operating margin | 9900 | €11,509 | €14,506 | +€2,998 | +26.0% |
| Operating profit (loss) | 9901 | €9,009 | €12,186 | +€3,177 | +35.3% |
| Financial income | 75/76B | €942 | €119 | -€823 | -87.4% |
| Recurring financial income | 75 | €942 | €119 | -€823 | -87.4% |
| Financial charges | 65/66B | €940 | €1,608 | +€668 | +71.0% |
| Recurring financial charges | 65 | €940 | €1,608 | +€668 | +71.0% |
| Profit (loss) for the period before taxes | 9903 | €9,011 | €10,697 | +€1,686 | +18.7% |
| Income taxes | 67/77 | €2,004 | €2,479 | +€475 | +23.7% |
| Profit (loss) for the period | 9904 | €7,007 | €8,218 | +€1,211 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,007 | €8,218 | +€1,211 | +17.3% |
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 29 October 2026 via checked.be.