Blaukraft: 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.
Blaukraft
Largest movements
- Cash -€73,042
down €73,042 (-59.7%), from €122,448 to €49,406
mainly Contributions, distributions and other (-€178,243) and Tax, wage and social debts (-€17,493)
- Receivables within one year +€13,529
up €13,529 (+22.3%), from €60,617 to €74,146
- Tangible fixed assets +€6,735
up €6,735 (+104.9%), from €6,420 to €13,155
of which Plant, machinery and equipment: +€8,987
- Current investments +€2,813
up €2,813 (+20.0%), from €14,063 to €16,875
- Reserves -€103,828
down €103,828 (-62.5%), from €166,024 to €62,196
- Other debts +€72,141
up €72,141 (+2735.0%), from €2,638 to €74,779
- Tax, wage and social debts -€17,493
down €17,493 (-53.0%), from €32,993 to €15,500
of which Taxes: -€17,694
- Gross operating margin +€4,638
up €4,638 (+4.9%), from €95,429 to €100,067
- Taxes +€1,328
up €1,328 (+6.8%), from €19,410 to €20,738
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,047 | €156,768 | -€49,279 | -23.9% |
| Fixed assets | 21/28 | €8,920 | €15,655 | +€6,735 | +75.5% |
| Tangible fixed assets | 22/27 | €6,420 | €13,155 | +€6,735 | +104.9% |
| Plant, machinery and equipment | 23 | - | €8,987 | +€8,987 | |
| Furniture and vehicles | 24 | €2,406 | €1,332 | -€1,074 | -44.6% |
| Other tangible fixed assets | 26 | €4,014 | €2,836 | -€1,178 | -29.4% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €197,127 | €141,113 | -€56,014 | -28.4% |
| Amounts receivable within one year | 40/41 | €60,617 | €74,146 | +€13,529 | +22.3% |
| Trade receivables | 40 | €60,617 | €74,146 | +€13,529 | +22.3% |
| Current investments | 50/53 | €14,063 | €16,875 | +€2,813 | +20.0% |
| Cash at bank and in hand | 54/58 | €122,448 | €49,406 | -€73,042 | -59.7% |
| Deferred charges and accrued income | 490/1 | - | €687 | +€687 | |
| Total equity and liabilities | 10/49 | €206,047 | €156,768 | -€49,279 | -23.9% |
| Equity | 10/15 | €169,024 | €65,196 | -€103,828 | -61.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €166,024 | €62,196 | -€103,828 | -62.5% |
| Distributable reserves | 133 | €166,024 | €62,196 | -€103,828 | -62.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €37,024 | €91,573 | +€54,549 | +147.3% |
| Amounts payable within one year | 42/48 | €37,024 | €91,573 | +€54,549 | +147.3% |
| Trade debts | 44 | €1,393 | €1,294 | -€99 | -7.1% |
| Suppliers | 440/4 | €1,393 | €1,294 | -€99 | -7.1% |
| Taxes, remuneration and social security | 45 | €32,993 | €15,500 | -€17,493 | -53.0% |
| Taxes | 450/3 | €30,552 | €12,858 | -€17,694 | -57.9% |
| Remuneration and social security | 454/9 | €2,441 | €2,642 | +€201 | +8.2% |
| Other amounts payable | 47/48 | €2,638 | €74,779 | +€72,141 | +2735.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,436 | €2,765 | +€329 | +13.5% |
| Other operating charges | 640/8 | €527 | €761 | +€233 | +44.2% |
| Gross operating margin | 9900 | €95,429 | €100,067 | +€4,638 | +4.9% |
| Operating profit (loss) | 9901 | €92,466 | €96,541 | +€4,075 | +4.4% |
| Financial income | 75/76B | - | €185 | +€185 | |
| Recurring financial income | 75 | - | €185 | +€185 | |
| Financial charges | 65/66B | €2,168 | €1,572 | -€596 | -27.5% |
| Recurring financial charges | 65 | €2,168 | €1,572 | -€596 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €90,298 | €95,154 | +€4,855 | +5.4% |
| Income taxes | 67/77 | €19,410 | €20,738 | +€1,328 | +6.8% |
| Profit (loss) for the period | 9904 | €70,888 | €74,415 | +€3,527 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,888 | €74,415 | +€3,527 | +5.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.