GN LE BLUE NOTE: 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.
GN LE BLUE NOTE
Largest movements
- Receivables within one year -€2,572
down €2,572 (-98.7%), from €2,607 to €35
- Stocks and contracts -€712
down €712 (-31.6%), from €2,250 to €1,538
- Cash -€230
down €230 (-8.9%), from €2,591 to €2,361
mainly Net result for the year (-€2,594) and Other debts (-€1,553)
- Deferred charges and accrued income +€199
new in 2025: €199
- Profit (loss) carried forward -€2,594
down €2,594 (-2.0%), from -€127,920 to -€130,514
- Other debts -€1,553
down €1,553 (-1.2%), from €125,105 to €123,552
- Accrued charges and deferred income +€1,538
new in 2025: €1,538
- Trade debts -€706
down €706 (-71.1%), from €993 to €287
- Gross operating margin +€11,726
up €11,726, from -€8,968 to €2,758
- Other operating charges +€2,087
up €2,087 (+96.8%), from €2,157 to €4,244
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.
Cash bridge derived
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 | €8,178 | €4,863 | -€3,315 | -40.5% |
| Fixed assets | 21/28 | €730 | €730 | = | 0.0% |
| Financial fixed assets | 28 | €730 | €730 | = | 0.0% |
| Current assets | 29/58 | €7,448 | €4,133 | -€3,315 | -44.5% |
| Stocks and contracts in progress | 3 | €2,250 | €1,538 | -€712 | -31.6% |
| Stocks | 30/36 | €2,250 | €1,538 | -€712 | -31.6% |
| Amounts receivable within one year | 40/41 | €2,607 | €35 | -€2,572 | -98.7% |
| Other amounts receivable | 41 | €2,607 | €35 | -€2,572 | -98.7% |
| Cash at bank and in hand | 54/58 | €2,591 | €2,361 | -€230 | -8.9% |
| Deferred charges and accrued income | 490/1 | - | €199 | +€199 | |
| Total equity and liabilities | 10/49 | €8,178 | €4,863 | -€3,315 | -40.5% |
| Equity | 10/15 | -€117,920 | -€120,514 | -€2,594 | -2.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,920 | -€130,514 | -€2,594 | -2.0% |
| Amounts payable | 17/49 | €126,098 | €125,377 | -€721 | -0.6% |
| Amounts payable within one year | 42/48 | €126,098 | €123,839 | -€2,259 | -1.8% |
| Trade debts | 44 | €993 | €287 | -€706 | -71.1% |
| Suppliers | 440/4 | €993 | €287 | -€706 | -71.1% |
| Other amounts payable | 47/48 | €125,105 | €123,552 | -€1,553 | -1.2% |
| Accrued charges and deferred income | 492/3 | - | €1,538 | +€1,538 | |
| Other operating charges | 640/8 | €2,157 | €4,244 | +€2,087 | +96.8% |
| Gross operating margin | 9900 | -€8,968 | €2,758 | +€11,726 | |
| Operating profit (loss) | 9901 | -€11,125 | -€1,486 | +€9,639 | +86.6% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,086 | €1,112 | +€26 | +2.4% |
| Recurring financial charges | 65 | €1,086 | €1,112 | +€26 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,211 | -€2,594 | +€9,617 | +78.8% |
| Income taxes | 67/77 | €58 | - | -€58 | |
| Profit (loss) for the period | 9904 | -€12,269 | -€2,594 | +€9,675 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,269 | -€2,594 | +€9,675 | +78.9% |
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 12 October 2026 via checked.be.