STING/FRANS BLEUZÉ: 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.
STING/FRANS BLEUZÉ
Largest movements
- Tangible fixed assets -€19,106
down €19,106 (-3.6%), from €536,802 to €517,697
of which Land and buildings: -€15,574
- Receivables within one year +€12,388
up €12,388 (+985%), from €1,258 to €13,645
of which Trade receivables: +€12,447
- Cash +€5,856
up €5,856 (+1,415%), from €414 to €6,270
mainly Other debts (+€29,868) and Depreciation (+€19,106)
- Reserves -€30,709
down €30,709 (-17.5%), from €175,790 to €145,081
- Other debts +€29,868
up €29,868 (+8.6%), from €347,925 to €377,793
- Gross operating margin -€32,569
down €32,569, from €11,216 to -€21,352
- Financial income -€6,199
down €6,199 (-22.0%), from €28,233 to €22,034
- Financial charges -€2,052
down €2,052 (-19.1%), from €10,747 to €8,694
- Taxes -€613
down €613 (-91.2%), from €673 to €59
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 | €538,858 | €537,996 | -€862 | -0.2% |
| Fixed assets | 21/28 | €536,802 | €517,697 | -€19,106 | -3.6% |
| Tangible fixed assets | 22/27 | €536,802 | €517,697 | -€19,106 | -3.6% |
| Land and buildings | 22 | €528,028 | €512,454 | -€15,574 | -2.9% |
| Plant, machinery and equipment | 23 | €4,328 | €3,462 | -€866 | -20.0% |
| Furniture and vehicles | 24 | €4,446 | €1,780 | -€2,666 | -60.0% |
| Current assets | 29/58 | €2,055 | €20,299 | +€18,244 | +888% |
| Stocks and contracts in progress | 3 | €384 | €384 | = | 0.0% |
| Stocks | 30/36 | €384 | €384 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,258 | €13,645 | +€12,388 | +985% |
| Trade receivables | 40 | €1,198 | €13,645 | +€12,447 | +1,039% |
| Other amounts receivable | 41 | €59 | - | -€59 | |
| Current investments | 50/53 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | €414 | €6,270 | +€5,856 | +1,415% |
| Total equity and liabilities | 10/49 | €538,858 | €537,996 | -€862 | -0.2% |
| Equity | 10/15 | €181,990 | €151,281 | -€30,709 | -16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €175,790 | €145,081 | -€30,709 | -17.5% |
| Distributable reserves | 133 | €175,790 | €145,081 | -€30,709 | -17.5% |
| Amounts payable | 17/49 | €356,868 | €386,715 | +€29,847 | +8.4% |
| Amounts payable within one year | 42/48 | €356,868 | €386,715 | +€29,847 | +8.4% |
| Trade debts | 44 | €5,733 | €6,188 | +€455 | +7.9% |
| Suppliers | 440/4 | €5,733 | €6,188 | +€455 | +7.9% |
| Taxes, remuneration and social security | 45 | €3,210 | €2,734 | -€476 | -14.8% |
| Taxes | 450/3 | €3,210 | €2,734 | -€476 | -14.8% |
| Other amounts payable | 47/48 | €347,925 | €377,793 | +€29,868 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,076 | €19,106 | +€30 | +0.2% |
| Other operating charges | 640/8 | €3,459 | €3,531 | +€72 | +2.1% |
| Gross operating margin | 9900 | €11,216 | -€21,352 | -€32,569 | |
| Operating profit (loss) | 9901 | -€11,319 | -€43,989 | -€32,671 | -289% |
| Financial income | 75/76B | €28,233 | €22,034 | -€6,199 | -22.0% |
| Recurring financial income | 75 | €28,233 | €22,034 | -€6,199 | -22.0% |
| Financial charges | 65/66B | €10,747 | €8,694 | -€2,052 | -19.1% |
| Recurring financial charges | 65 | €10,747 | €8,694 | -€2,052 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €6,167 | -€30,650 | -€36,817 | |
| Income taxes | 67/77 | €673 | €59 | -€613 | -91.2% |
| Profit (loss) for the period | 9904 | €5,495 | -€30,709 | -€36,204 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,495 | -€30,709 | -€36,204 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.