La Girafe Bleue: what changed
La Girafe Bleue
Largest movements
- Receivables within one year -€27,606
down €27,606 (-98.8%), from €27,941 to €335
of which Trade receivables: -€25,464
- Cash -€3,685
down €3,685 (-40.3%), from €9,134 to €5,449
mainly Advances received (-€25,666) and Net result for the year (-€8,491)
- Stocks and contracts +€1,852
up €1,852 (+168%), from €1,102 to €2,955
- Deferred charges and accrued income +€770
up €770 (+2,309%), from €33 to €803
- Advances received -€25,666
down €25,666 (-100%), from €25,666 to €0
- Other debts +€8,805
up €8,805 (+1,323%), from €666 to €9,470
- Profit (loss) carried forward -€8,491
down €8,491 (-136%), from -€6,234 to -€14,725
- Trade debts -€6,552
down €6,552 (-62.8%), from €10,440 to €3,887
- Tax, wage and social debts +€2,163
up €2,163 (+71.6%), from €3,019 to €5,182
- Gross operating margin -€2,272
down €2,272 (-40.0%), from -€5,679 to -€7,952
- Financial charges -€116
down €116 (-34.7%), from €333 to €218
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,351 | €9,682 | -€28,669 | -74.8% |
| Fixed assets | 21/28 | €140 | €140 | = | 0.0% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €38,211 | €9,542 | -€28,669 | -75.0% |
| Stocks and contracts in progress | 3 | €1,102 | €2,955 | +€1,852 | +168% |
| Stocks | 30/36 | €1,102 | €2,955 | +€1,852 | +168% |
| Amounts receivable within one year | 40/41 | €27,941 | €335 | -€27,606 | -98.8% |
| Trade receivables | 40 | €25,614 | €150 | -€25,464 | -99.4% |
| Other amounts receivable | 41 | €2,327 | €185 | -€2,141 | -92.0% |
| Cash at bank and in hand | 54/58 | €9,134 | €5,449 | -€3,685 | -40.3% |
| Deferred charges and accrued income | 490/1 | €33 | €803 | +€770 | +2,309% |
| Total equity and liabilities | 10/49 | €38,351 | €9,682 | -€28,669 | -74.8% |
| Equity | 10/15 | -€3,734 | -€12,225 | -€8,491 | -227% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,234 | -€14,725 | -€8,491 | -136% |
| Amounts payable | 17/49 | €42,085 | €21,907 | -€20,178 | -47.9% |
| Amounts payable within one year | 42/48 | €42,085 | €21,907 | -€20,178 | -47.9% |
| Financial debts | 43 | €2,294 | €3,367 | +€1,073 | +46.8% |
| Credit institutions | 430/8 | €2,294 | €3,367 | +€1,073 | +46.8% |
| Trade debts | 44 | €10,440 | €3,887 | -€6,552 | -62.8% |
| Suppliers | 440/4 | €10,440 | €3,887 | -€6,552 | -62.8% |
| Advances received on contracts in progress | 46 | €25,666 | €0 | -€25,666 | -100% |
| Taxes, remuneration and social security | 45 | €3,019 | €5,182 | +€2,163 | +71.6% |
| Taxes | 450/3 | €3,019 | €5,182 | +€2,163 | +71.6% |
| Other amounts payable | 47/48 | €666 | €9,470 | +€8,805 | +1,323% |
| Other operating charges | 640/8 | €276 | €321 | +€45 | +16.2% |
| Gross operating margin | 9900 | -€5,679 | -€7,952 | -€2,272 | -40.0% |
| Operating profit (loss) | 9901 | -€5,956 | -€8,273 | -€2,317 | -38.9% |
| Financial income | 75/76B | €55 | €0 | -€55 | -100.0% |
| Recurring financial income | 75 | €55 | €0 | -€55 | -100.0% |
| Financial charges | 65/66B | €333 | €218 | -€116 | -34.7% |
| Recurring financial charges | 65 | €333 | €218 | -€116 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,234 | -€8,491 | -€2,257 | -36.2% |
| Profit (loss) for the period | 9904 | -€6,234 | -€8,491 | -€2,257 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,234 | -€8,491 | -€2,257 | -36.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.