LE POINT BLEU: 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.
LE POINT BLEU
Largest movements
- Tangible fixed assets -€47,232
down €47,232 (-25.3%), from €186,387 to €139,155
- Cash -€44,092
down €44,092 (-22.9%), from €192,529 to €148,437
mainly Current portion of long-term debt (-€55,586) and Trade debts (-€50,847)
- Receivables within one year +€19,339
up €19,339 (+10.3%), from €186,983 to €206,322
of which Other amounts receivable: +€23,490
- Current portion of long-term debt -€55,586
down €55,586 (-79.4%), from €70,034 to €14,448
- Other debts +€51,524
up €51,524 (+60.8%), from €84,775 to €136,299
- Trade debts -€50,847
down €50,847 (-45.3%), from €112,170 to €61,323
- Debts after one year -€14,448
down €14,448 (-26.8%), from €53,947 to €39,499
- Gross operating margin -€40,465
down €40,465 (-8.5%), from €474,724 to €434,259
- Taxes -€21,067
down €21,067, from €4,657 to -€16,409
- Depreciation -€18,015
down €18,015 (-26.4%), from €68,279 to €50,265
- Staff costs -€8,623
down €8,623 (-2.2%), from €387,122 to €378,498
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 | €673,884 | €602,237 | -€71,647 | -10.6% |
| Fixed assets | 21/28 | €207,679 | €159,930 | -€47,750 | -23.0% |
| Tangible fixed assets | 22/27 | €186,387 | €139,155 | -€47,232 | -25.3% |
| Furniture and vehicles | 24 | €38,769 | €18,290 | -€20,479 | -52.8% |
| Leasing and similar rights | 25 | €7,044 | €0 | -€7,044 | -100.0% |
| Other tangible fixed assets | 26 | €140,574 | €120,865 | -€19,709 | -14.0% |
| Financial fixed assets | 28 | €21,293 | €20,775 | -€518 | -2.4% |
| Current assets | 29/58 | €466,205 | €442,307 | -€23,898 | -5.1% |
| Stocks and contracts in progress | 3 | €75,405 | €80,377 | +€4,973 | +6.6% |
| Stocks | 30/36 | €75,405 | €80,377 | +€4,973 | +6.6% |
| Amounts receivable within one year | 40/41 | €186,983 | €206,322 | +€19,339 | +10.3% |
| Trade receivables | 40 | €29,510 | €25,359 | -€4,151 | -14.1% |
| Other amounts receivable | 41 | €157,473 | €180,963 | +€23,490 | +14.9% |
| Cash at bank and in hand | 54/58 | €192,529 | €148,437 | -€44,092 | -22.9% |
| Deferred charges and accrued income | 490/1 | €11,288 | €7,170 | -€4,118 | -36.5% |
| Total equity and liabilities | 10/49 | €673,884 | €602,237 | -€71,647 | -10.6% |
| Equity | 10/15 | €316,225 | €315,715 | -€510 | -0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €79,723 | €79,723 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €73,523 | €73,523 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,502 | €173,993 | -€510 | -0.3% |
| Amounts payable | 17/49 | €357,659 | €286,521 | -€71,138 | -19.9% |
| Amounts payable after more than one year | 17 | €53,947 | €39,499 | -€14,448 | -26.8% |
| Financial debts | 170/4 | €53,947 | €39,499 | -€14,448 | -26.8% |
| Amounts payable within one year | 42/48 | €303,712 | €247,022 | -€56,690 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €70,034 | €14,448 | -€55,586 | -79.4% |
| Trade debts | 44 | €112,170 | €61,323 | -€50,847 | -45.3% |
| Suppliers | 440/4 | €112,170 | €61,323 | -€50,847 | -45.3% |
| Taxes, remuneration and social security | 45 | €36,733 | €34,952 | -€1,781 | -4.8% |
| Taxes | 450/3 | €10,948 | €5,700 | -€5,248 | -47.9% |
| Remuneration and social security | 454/9 | €25,784 | €29,252 | +€3,467 | +13.4% |
| Other amounts payable | 47/48 | €84,775 | €136,299 | +€51,524 | +60.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €387,122 | €378,498 | -€8,623 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,279 | €50,265 | -€18,015 | -26.4% |
| Other operating charges | 640/8 | €9,733 | €8,332 | -€1,401 | -14.4% |
| Gross operating margin | 9900 | €474,724 | €434,259 | -€40,465 | -8.5% |
| Operating profit (loss) | 9901 | €9,591 | -€2,835 | -€12,426 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €14,868 | €14,084 | -€784 | -5.3% |
| Recurring financial charges | 65 | €14,868 | €14,084 | -€784 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,277 | -€16,919 | -€11,642 | -220.6% |
| Income taxes | 67/77 | €4,657 | -€16,409 | -€21,067 | |
| Profit (loss) for the period | 9904 | -€9,934 | -€510 | +€9,425 | +94.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,934 | -€510 | +€9,425 | +94.9% |
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 11 October 2026 via checked.be.