BE BLUE: what changed
Two fiscal 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.
BE BLUE
Largest movements
- Receivables within one year +€57,512
up €57,512 (+30.2%), from €190,282 to €247,794
of which Other amounts receivable: +€37,121
- Cash +€22,515
up €22,515 (+119.7%), from €18,802 to €41,317
mainly Net result for the year (+€202,362) and Depreciation (+€62,361)
- Tangible fixed assets -€18,823
down €18,823 (-2.6%), from €734,583 to €715,760
of which Furniture and vehicles: -€28,694
- Deferred charges and accrued income +€13,001
up €13,001 (+468.1%), from €2,777 to €15,778
- Profit (loss) carried forward +€52,362
up €52,362 (+84.3%), from €62,127 to €114,489
- Debts after one year -€52,073
down €52,073 (-8.1%), from €643,522 to €591,450
- Other debts +€42,500
up €42,500 (+40.5%), from €105,000 to €147,500
- Current portion of long-term debt +€17,347
up €17,347 (+19.9%), from €87,154 to €104,502
- Tax, wage and social debts +€12,681
up €12,681 (+51.9%), from €24,436 to €37,117
- Gross operating margin +€170,604
up €170,604 (+93.5%), from €182,379 to €352,983
- Taxes +€39,159
up €39,159 (+130.6%), from €29,994 to €69,153
- Depreciation +€5,764
up €5,764 (+10.2%), from €56,597 to €62,361
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 | €946,444 | €1,020,648 | +€74,204 | +7.8% |
| Fixed assets | 21/28 | €734,583 | €715,760 | -€18,823 | -2.6% |
| Tangible fixed assets | 22/27 | €734,583 | €715,760 | -€18,823 | -2.6% |
| Land and buildings | 22 | €439,008 | €427,455 | -€11,553 | -2.6% |
| Plant, machinery and equipment | 23 | €10,328 | €9,277 | -€1,051 | -10.2% |
| Furniture and vehicles | 24 | €102,079 | €73,385 | -€28,694 | -28.1% |
| Other tangible fixed assets | 26 | €183,168 | €205,642 | +€22,474 | +12.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €211,861 | €304,889 | +€93,028 | +43.9% |
| Amounts receivable within one year | 40/41 | €190,282 | €247,794 | +€57,512 | +30.2% |
| Trade receivables | 40 | €49,936 | €70,327 | +€20,391 | +40.8% |
| Other amounts receivable | 41 | €140,346 | €177,467 | +€37,121 | +26.4% |
| Cash at bank and in hand | 54/58 | €18,802 | €41,317 | +€22,515 | +119.7% |
| Deferred charges and accrued income | 490/1 | €2,777 | €15,778 | +€13,001 | +468.1% |
| Total equity and liabilities | 10/49 | €946,444 | €1,020,648 | +€74,204 | +7.8% |
| Equity | 10/15 | €80,677 | €133,039 | +€52,362 | +64.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,127 | €114,489 | +€52,362 | +84.3% |
| Amounts payable | 17/49 | €865,767 | €887,609 | +€21,842 | +2.5% |
| Amounts payable after more than one year | 17 | €643,522 | €591,450 | -€52,073 | -8.1% |
| Financial debts | 170/4 | €643,522 | €591,450 | -€52,073 | -8.1% |
| Amounts payable within one year | 42/48 | €222,244 | €296,159 | +€73,915 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €87,154 | €104,502 | +€17,347 | +19.9% |
| Financial debts | 43 | - | €570 | +€570 | |
| Credit institutions | 430/8 | - | €570 | +€570 | |
| Trade debts | 44 | €5,654 | €6,471 | +€816 | +14.4% |
| Suppliers | 440/4 | €5,654 | €6,471 | +€816 | +14.4% |
| Taxes, remuneration and social security | 45 | €24,436 | €37,117 | +€12,681 | +51.9% |
| Taxes | 450/3 | €24,436 | €37,117 | +€12,681 | +51.9% |
| Other amounts payable | 47/48 | €105,000 | €147,500 | +€42,500 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,597 | €62,361 | +€5,764 | +10.2% |
| Other operating charges | 640/8 | €2,787 | €4,133 | +€1,347 | +48.3% |
| Non-recurring operating charges | 66A | - | €4,832 | +€4,832 | |
| Gross operating margin | 9900 | €182,379 | €352,983 | +€170,604 | +93.5% |
| Operating profit (loss) | 9901 | €122,995 | €281,656 | +€158,662 | +129.0% |
| Financial income | 75/76B | €6,019 | €7,922 | +€1,903 | +31.6% |
| Recurring financial income | 75 | €6,019 | €7,922 | +€1,903 | +31.6% |
| Financial charges | 65/66B | €15,134 | €18,063 | +€2,930 | +19.4% |
| Recurring financial charges | 65 | €15,134 | €18,063 | +€2,930 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €113,880 | €271,515 | +€157,635 | +138.4% |
| Income taxes | 67/77 | €29,994 | €69,153 | +€39,159 | +130.6% |
| Profit (loss) for the period | 9904 | €83,885 | €202,362 | +€118,477 | +141.2% |
| Profit (loss) for the period to be appropriated | 9905 | €83,885 | €202,362 | +€118,477 | +141.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.