The Blue Ball: 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.
The Blue Ball
Largest movements
- Cash -€181,293
down €181,293 (-95.3%), from €190,147 to €8,854
mainly Net result for the year (-€119,107) and Other debts (-€107,540)
- Tangible fixed assets -€57,273
down €57,273 (-8.1%), from €706,405 to €649,132
of which Land and buildings: -€54,114
- Profit (loss) carried forward -€119,107
down €119,107 (-19.7%), from -€603,225 to -€722,332
- Other debts -€107,540
down €107,540 (-25.2%), from €426,909 to €319,369
- Revaluation surpluses -€37,500
down €37,500 (-13.6%), from €275,000 to €237,500
- Reserves +€37,500
up €37,500 (+7.1%), from €525,000 to €562,500
- Tax, wage and social debts -€11,440
down €11,440 (-100%), from €11,440 to €0
of which Remuneration and social security: -€7,037
- Gross operating margin -€107,007
down €107,007 (-51.2%), from €208,897 to €101,890
- Staff costs -€25,624
down €25,624 (-15.0%), from €170,514 to €144,890
- Other operating charges +€5,532
up €5,532 (+44.5%), from €12,438 to €17,970
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 | €913,538 | €661,693 | -€251,845 | -27.6% |
| Fixed assets | 21/28 | €707,400 | €650,127 | -€57,273 | -8.1% |
| Tangible fixed assets | 22/27 | €706,405 | €649,132 | -€57,273 | -8.1% |
| Land and buildings | 22 | €695,348 | €641,234 | -€54,114 | -7.8% |
| Plant, machinery and equipment | 23 | €11,057 | €7,898 | -€3,159 | -28.6% |
| Financial fixed assets | 28 | €995 | €995 | = | 0.0% |
| Current assets | 29/58 | €206,138 | €11,566 | -€194,572 | -94.4% |
| Stocks and contracts in progress | 3 | €6,804 | €1,900 | -€4,903 | -72.1% |
| Stocks | 30/36 | €6,804 | €1,900 | -€4,903 | -72.1% |
| Amounts receivable within one year | 40/41 | €6,974 | €812 | -€6,162 | -88.4% |
| Trade receivables | 40 | €4,007 | €0 | -€4,007 | -100% |
| Other amounts receivable | 41 | €2,967 | €812 | -€2,155 | -72.6% |
| Cash at bank and in hand | 54/58 | €190,147 | €8,854 | -€181,293 | -95.3% |
| Deferred charges and accrued income | 490/1 | €2,214 | €0 | -€2,214 | -100% |
| Total equity and liabilities | 10/49 | €913,538 | €661,693 | -€251,845 | -27.6% |
| Equity | 10/15 | €446,775 | €327,668 | -€119,107 | -26.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €275,000 | €237,500 | -€37,500 | -13.6% |
| Reserves | 13 | €525,000 | €562,500 | +€37,500 | +7.1% |
| Non-distributable reserves | 130/1 | €525,000 | €562,500 | +€37,500 | +7.1% |
| Reserves not available under the articles | 1311 | €525,000 | €562,500 | +€37,500 | +7.1% |
| Profit (loss) carried forward | 14 | -€603,225 | -€722,332 | -€119,107 | -19.7% |
| Amounts payable | 17/49 | €466,763 | €334,025 | -€132,738 | -28.4% |
| Amounts payable within one year | 42/48 | €461,860 | €334,025 | -€127,835 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €23,511 | €14,656 | -€8,855 | -37.7% |
| Suppliers | 440/4 | €23,511 | €14,656 | -€8,855 | -37.7% |
| Taxes, remuneration and social security | 45 | €11,440 | €0 | -€11,440 | -100% |
| Taxes | 450/3 | €4,404 | €0 | -€4,404 | -100% |
| Remuneration and social security | 454/9 | €7,037 | €0 | -€7,037 | -100% |
| Other amounts payable | 47/48 | €426,909 | €319,369 | -€107,540 | -25.2% |
| Accrued charges and deferred income | 492/3 | €4,903 | €0 | -€4,903 | -100% |
| Remuneration, social security and pensions | 62 | €170,514 | €144,890 | -€25,624 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,236 | €57,273 | -€963 | -1.7% |
| Other operating charges | 640/8 | €12,438 | €17,970 | +€5,532 | +44.5% |
| Non-recurring operating charges | 66A | - | €355 | +€355 | |
| Gross operating margin | 9900 | €208,897 | €101,890 | -€107,007 | -51.2% |
| Operating profit (loss) | 9901 | -€32,290 | -€118,598 | -€86,308 | -267% |
| Financial income | 75/76B | €22 | €9 | -€13 | -61.1% |
| Recurring financial income | 75 | €22 | €9 | -€13 | -61.1% |
| Financial charges | 65/66B | €990 | €518 | -€473 | -47.7% |
| Recurring financial charges | 65 | €990 | €518 | -€473 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,259 | -€119,107 | -€85,848 | -258% |
| Profit (loss) for the period | 9904 | -€33,259 | -€119,107 | -€85,848 | -258% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,259 | -€119,107 | -€85,848 | -258% |
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 31 October 2026 via checked.be.