DE BLAUWE ZAAL: 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.
What changed
DE BLAUWE ZAAL
NACE 93.110, Operation of sports facilities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€42,445
2024 · -€340,738+€298,293
Equity
€1.1m
2024 · €1.1m-€42,445
Cash
€38,278
2024 · €35,753+€2,525
Balance sheet total
€9.9m
2024 · €10.1m-€197,461
Largest movements
Assets
- Tangible fixed assets -€270,018
down €270,018 (-2.8%), from €9.7m to €9.4m
of which Land and buildings: -€162,789
Equity and liabilities
- Debts after one year -€249,610
down €249,610 (-6.1%), from €4.1m to €3.8m
- Other debts +€235,002
up €235,002 (+5.7%), from €4.2m to €4.4m
- Accrued charges and deferred income -€116,106
down €116,106 (-92.9%), from €124,921 to €8,815
Income statement
- Gross operating margin +€393,199
up €393,199 (+73.4%), from €535,567 to €928,766
- Staff costs +€79,463
up €79,463 (+23.5%), from €338,211 to €417,674
- Depreciation +€24,444
up €24,444 (+6.9%), from €352,118 to €376,562
- Financial charges -€10,971
down €10,971 (-8.5%), from €129,574 to €118,603
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.
Result 2024
-€340,738
Gross operating margin
+€393,199
Staff costs
-€79,463
Depreciation
-€24,444
Other operating charges
-€4,523
Other operating items
+€3,702
Financial income
-€1,169
Financial charges
+€10,971
Taxes
+€21
Result 2025
-€42,445
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€360,600
Investment
-€106,545
Financing
-€251,530
Cash 2024
€35,753
From operations (derived)
+€360,600
Net result for the year
-€42,445
Depreciation
+€376,562
Stocks and contracts
-€51,723
Receivables within one year
+€11,495
Deferred charges and accrued income
-€29,802
Trade debts
-€68,275
Tax, wage and social debts
+€26,588
Advances received
+€19,305
Other debts
+€235,002
Accrued charges and deferred income
-€116,106
Investment (derived)
-€106,545
Investment in fixed assets (net)
-€106,545
Financing
-€251,530
Debts after one year
-€249,610
Current portion of long-term debt
-€1,920
Cash 2025
€38,278
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,108,690 | €9,911,229 | -€197,461 | -2.0% |
| Fixed assets | 21/28 | €9,712,706 | €9,442,689 | -€270,018 | -2.8% |
| Tangible fixed assets | 22/27 | €9,712,706 | €9,442,689 | -€270,018 | -2.8% |
| Land and buildings | 22 | €9,148,094 | €8,985,305 | -€162,789 | -1.8% |
| Plant, machinery and equipment | 23 | €468,950 | €366,308 | -€102,642 | -21.9% |
| Furniture and vehicles | 24 | €60,234 | €63,938 | +€3,705 | +6.2% |
| Leasing and similar rights | 25 | €35,428 | €27,138 | -€8,291 | -23.4% |
| Current assets | 29/58 | €395,984 | €468,541 | +€72,556 | +18.3% |
| Stocks and contracts in progress | 3 | €115,387 | €167,111 | +€51,723 | +44.8% |
| Stocks | 30/36 | €115,387 | €167,111 | +€51,723 | +44.8% |
| Amounts receivable within one year | 40/41 | €237,261 | €225,767 | -€11,495 | -4.8% |
| Trade receivables | 40 | €235,109 | €225,763 | -€9,346 | -4.0% |
| Other amounts receivable | 41 | €2,152 | €4 | -€2,149 | -99.8% |
| Cash at bank and in hand | 54/58 | €35,753 | €38,278 | +€2,525 | +7.1% |
| Deferred charges and accrued income | 490/1 | €7,583 | €37,385 | +€29,802 | +393% |
| Total equity and liabilities | 10/49 | €10,108,690 | €9,911,229 | -€197,461 | -2.0% |
| Equity | 10/15 | €1,146,971 | €1,104,526 | -€42,445 | -3.7% |
| Contributions | 10/11 | €2,518,600 | €2,518,600 | = | 0.0% |
| Revaluation surpluses | 12 | €487,869 | €487,869 | = | 0.0% |
| Reserves | 13 | €27,282 | €27,282 | = | 0.0% |
| Distributable reserves | 133 | €27,282 | €27,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,886,779 | -€1,929,224 | -€42,445 | -2.2% |
| Amounts payable | 17/49 | €8,961,719 | €8,806,703 | -€155,016 | -1.7% |
| Amounts payable after more than one year | 17 | €4,069,980 | €3,820,369 | -€249,610 | -6.1% |
| Financial debts | 170/4 | €4,069,980 | €3,820,369 | -€249,610 | -6.1% |
| Amounts payable within one year | 42/48 | €4,766,819 | €4,977,519 | +€210,700 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €258,683 | €256,763 | -€1,920 | -0.7% |
| Trade debts | 44 | €221,164 | €152,888 | -€68,275 | -30.9% |
| Suppliers | 440/4 | €221,164 | €152,888 | -€68,275 | -30.9% |
| Advances received on contracts in progress | 46 | €78,261 | €97,567 | +€19,305 | +24.7% |
| Taxes, remuneration and social security | 45 | €57,274 | €83,862 | +€26,588 | +46.4% |
| Taxes | 450/3 | €18,693 | €34,299 | +€15,607 | +83.5% |
| Remuneration and social security | 454/9 | €38,582 | €49,563 | +€10,981 | +28.5% |
| Other amounts payable | 47/48 | €4,151,436 | €4,386,439 | +€235,002 | +5.7% |
| Accrued charges and deferred income | 492/3 | €124,921 | €8,815 | -€116,106 | -92.9% |
| Non-recurring operating income | 76A | - | €169,330 | +€169,330 | |
| Remuneration, social security and pensions | 62 | €338,211 | €417,674 | +€79,463 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €352,118 | €376,562 | +€24,444 | +6.9% |
| Other operating charges | 640/8 | €54,546 | €59,070 | +€4,523 | +8.3% |
| Non-recurring operating charges | 66A | €3,702 | €0 | -€3,702 | -100% |
| Gross operating margin | 9900 | €535,567 | €928,766 | +€393,199 | +73.4% |
| Operating profit (loss) | 9901 | -€213,011 | €75,460 | +€288,471 | |
| Financial income | 75/76B | €2,055 | €886 | -€1,169 | -56.9% |
| Recurring financial income | 75 | €2,055 | €886 | -€1,169 | -56.9% |
| Financial charges | 65/66B | €129,574 | €118,603 | -€10,971 | -8.5% |
| Recurring financial charges | 65 | €129,574 | €118,603 | -€10,971 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€340,529 | -€42,257 | +€298,272 | +87.6% |
| Income taxes | 67/77 | €209 | €188 | -€21 | -9.9% |
| Profit (loss) for the period | 9904 | -€340,738 | -€42,445 | +€298,293 | +87.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€340,738 | -€42,445 | +€298,293 | +87.5% |
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 28 October 2026 via checked.be.