BE BLUE SKY: 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.
BE BLUE SKY
Largest movements
- Tangible fixed assets +€96,509
up €96,509 (+1,900%), from €5,080 to €101,589
of which Furniture and vehicles: +€92,542
- Cash +€25,451
up €25,451 (+118%), from €21,632 to €47,084
mainly Net result for the year (+€131,320) and Other debts (+€42,211)
- Profit (loss) carried forward +€67,320
up €67,320 (+23.4%), from €287,890 to €355,210
- Other debts +€42,211
up €42,211 (+178%), from €23,778 to €65,989
- Current portion of long-term debt +€21,755
up €21,755 (+46.5%), from €46,798 to €68,553
- Tax, wage and social debts -€7,413
down €7,413 (-85.8%), from €8,640 to €1,227
- Debts after one year -€6,017
down €6,017 (-8.4%), from €71,612 to €65,596
- Financial income +€64,000
new in 2025: €64,000
- Gross operating margin -€28,018
down €28,018 (-19.8%), from €141,212 to €113,194
- Depreciation +€19,260
up €19,260 (+1,806%), from €1,067 to €20,327
- Taxes -€9,758
down €9,758 (-33.6%), from €29,036 to €19,279
- Financial charges +€1,508
up €1,508 (+34.6%), from €4,361 to €5,869
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 | €461,409 | €579,074 | +€117,665 | +25.5% |
| Fixed assets | 21/28 | €405,080 | €501,589 | +€96,509 | +23.8% |
| Tangible fixed assets | 22/27 | €5,080 | €101,589 | +€96,509 | +1,900% |
| Plant, machinery and equipment | 23 | €354 | €4,921 | +€4,567 | +1,290% |
| Furniture and vehicles | 24 | - | €92,542 | +€92,542 | |
| Other tangible fixed assets | 26 | €4,726 | €4,126 | -€600 | -12.7% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €56,328 | €77,485 | +€21,156 | +37.6% |
| Amounts receivable within one year | 40/41 | €34,587 | €30,172 | -€4,415 | -12.8% |
| Trade receivables | 40 | €25,158 | €19,108 | -€6,050 | -24.0% |
| Other amounts receivable | 41 | €9,429 | €11,064 | +€1,635 | +17.3% |
| Cash at bank and in hand | 54/58 | €21,632 | €47,084 | +€25,451 | +118% |
| Deferred charges and accrued income | 490/1 | €109 | €229 | +€120 | +110% |
| Total equity and liabilities | 10/49 | €461,409 | €579,074 | +€117,665 | +25.5% |
| Equity | 10/15 | €309,890 | €377,210 | +€67,320 | +21.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287,890 | €355,210 | +€67,320 | +23.4% |
| Amounts payable | 17/49 | €151,519 | €201,864 | +€50,345 | +33.2% |
| Amounts payable after more than one year | 17 | €71,612 | €65,596 | -€6,017 | -8.4% |
| Financial debts | 170/4 | €71,612 | €65,596 | -€6,017 | -8.4% |
| Amounts payable within one year | 42/48 | €79,906 | €136,268 | +€56,362 | +70.5% |
| Current portion of amounts payable after more than one year | 42 | €46,798 | €68,553 | +€21,755 | +46.5% |
| Trade debts | 44 | €691 | €498 | -€192 | -27.8% |
| Suppliers | 440/4 | €691 | €498 | -€192 | -27.8% |
| Taxes, remuneration and social security | 45 | €8,640 | €1,227 | -€7,413 | -85.8% |
| Taxes | 450/3 | €8,640 | €1,227 | -€7,413 | -85.8% |
| Other amounts payable | 47/48 | €23,778 | €65,989 | +€42,211 | +178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,067 | €20,327 | +€19,260 | +1,806% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €141,212 | €113,194 | -€28,018 | -19.8% |
| Operating profit (loss) | 9901 | €139,758 | €92,468 | -€47,290 | -33.8% |
| Financial income | 75/76B | - | €64,000 | +€64,000 | |
| Recurring financial income | 75 | - | €64,000 | +€64,000 | |
| Financial charges | 65/66B | €4,361 | €5,869 | +€1,508 | +34.6% |
| Recurring financial charges | 65 | €4,361 | €5,869 | +€1,508 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €135,397 | €150,599 | +€15,201 | +11.2% |
| Income taxes | 67/77 | €29,036 | €19,279 | -€9,758 | -33.6% |
| Profit (loss) for the period | 9904 | €106,361 | €131,320 | +€24,959 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €106,361 | €131,320 | +€24,959 | +23.5% |
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 29 October 2026 via checked.be.