DEEP BLUE DIVING: 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.
DEEP BLUE DIVING
Largest movements
- Stocks and contracts +€7,523
up €7,523 (+10.2%), from €74,099 to €81,622
- Intangible fixed assets -€5,000
down €5,000 (-10.8%), from €46,250 to €41,250
- Receivables within one year +€2,823
new in 2025: €2,823
of which Trade receivables: +€2,096
- Cash -€1,840
no longer reported in 2025 (was €1,840)
mainly Debts after one year (-€17,395) and Trade debts (-€12,248)
- Debts after one year -€17,395
down €17,395 (-24.7%), from €70,553 to €53,158
- Other debts +€17,000
up €17,000 (+37.1%), from €45,854 to €62,853
- Profit (loss) carried forward +€13,027
up €13,027 (+25.0%), from -€52,042 to -€39,015
- Trade debts -€12,248
down €12,248 (-36.2%), from €33,863 to €21,615
- Tax, wage and social debts +€1,602
up €1,602 (+26.4%), from €6,064 to €7,667
of which Taxes: +€2,031
- Gross operating margin +€65,239
up €65,239, from -€36,623 to €28,615
- Staff costs -€3,597
down €3,597 (-42.3%), from €8,500 to €4,903
- Depreciation +€1,250
up €1,250 (+33.3%), from €3,750 to €5,000
- Other operating charges +€1,119
up €1,119 (+176%), from €637 to €1,756
- Financial charges +€1,067
up €1,067 (+36.1%), from €2,952 to €4,019
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 | €123,017 | €125,695 | +€2,678 | +2.2% |
| Fixed assets | 21/28 | €46,250 | €41,250 | -€5,000 | -10.8% |
| Intangible fixed assets | 21 | €46,250 | €41,250 | -€5,000 | -10.8% |
| Current assets | 29/58 | €76,767 | €84,445 | +€7,678 | +10.0% |
| Stocks and contracts in progress | 3 | €74,099 | €81,622 | +€7,523 | +10.2% |
| Stocks | 30/36 | €74,099 | €81,622 | +€7,523 | +10.2% |
| Amounts receivable within one year | 40/41 | - | €2,823 | +€2,823 | |
| Trade receivables | 40 | - | €2,096 | +€2,096 | |
| Other amounts receivable | 41 | - | €727 | +€727 | |
| Cash at bank and in hand | 54/58 | €1,840 | - | -€1,840 | |
| Deferred charges and accrued income | 490/1 | €828 | - | -€828 | |
| Total equity and liabilities | 10/49 | €123,017 | €125,695 | +€2,678 | +2.2% |
| Equity | 10/15 | -€50,042 | -€37,015 | +€13,027 | +26.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,042 | -€39,015 | +€13,027 | +25.0% |
| Amounts payable | 17/49 | €173,058 | €162,709 | -€10,349 | -6.0% |
| Amounts payable after more than one year | 17 | €70,553 | €53,158 | -€17,395 | -24.7% |
| Financial debts | 170/4 | €70,553 | €53,158 | -€17,395 | -24.7% |
| Amounts payable within one year | 42/48 | €102,505 | €109,551 | +€7,046 | +6.9% |
| Financial debts | 43 | €16,725 | €17,416 | +€692 | +4.1% |
| Credit institutions | 430/8 | €16,725 | €17,416 | +€692 | +4.1% |
| Trade debts | 44 | €33,863 | €21,615 | -€12,248 | -36.2% |
| Suppliers | 440/4 | €33,863 | €21,615 | -€12,248 | -36.2% |
| Taxes, remuneration and social security | 45 | €6,064 | €7,667 | +€1,602 | +26.4% |
| Taxes | 450/3 | €3,111 | €5,142 | +€2,031 | +65.3% |
| Remuneration and social security | 454/9 | €2,953 | €2,525 | -€428 | -14.5% |
| Other amounts payable | 47/48 | €45,854 | €62,853 | +€17,000 | +37.1% |
| Remuneration, social security and pensions | 62 | €8,500 | €4,903 | -€3,597 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,750 | €5,000 | +€1,250 | +33.3% |
| Other operating charges | 640/8 | €637 | €1,756 | +€1,119 | +176% |
| Gross operating margin | 9900 | -€36,623 | €28,615 | +€65,239 | |
| Operating profit (loss) | 9901 | -€49,510 | €16,956 | +€66,467 | |
| Financial income | 75/76B | €421 | €90 | -€331 | -78.7% |
| Recurring financial income | 75 | €421 | €90 | -€331 | -78.7% |
| Financial charges | 65/66B | €2,952 | €4,019 | +€1,067 | +36.1% |
| Recurring financial charges | 65 | €2,952 | €4,019 | +€1,067 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | -€52,042 | €13,027 | +€65,069 | |
| Profit (loss) for the period | 9904 | -€52,042 | €13,027 | +€65,069 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,042 | €13,027 | +€65,069 |
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 15 October 2026 via checked.be.