BLU INNOVATION: 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.
BLU INNOVATION
Largest movements
- Cash +€12,127
up €12,127 (+16.4%), from €73,895 to €86,022
mainly Net result for the year (+€7,230) and Contributions, distributions and other (+€6,446)
- Receivables within one year -€3,842
down €3,842 (-4.1%), from €92,679 to €88,836
of which Other amounts receivable: -€10,079
- Profit (loss) carried forward +€23,344
up €23,344 (+73.4%), from -€31,797 to -€8,453
- Reserves -€9,669
down €9,669 (-8.3%), from €116,022 to €106,354
- Provisions -€6,446
down €6,446 (-8.3%), from €77,348 to €70,902
- Gross operating margin -€16,066
down €16,066 (-73.8%), from €21,777 to €5,711
- Financial income +€643
up €643 (+38.9%), from €1,652 to €2,295
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.
Derived cash bridge
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 | €211,573 | €219,860 | +€8,287 | +3.9% |
| Current assets | 29/58 | €211,573 | €219,860 | +€8,287 | +3.9% |
| Amounts receivable within one year | 40/41 | €92,679 | €88,836 | -€3,842 | -4.1% |
| Trade receivables | 40 | €67,951 | €74,188 | +€6,237 | +9.2% |
| Other amounts receivable | 41 | €24,728 | €14,649 | -€10,079 | -40.8% |
| Current investments | 50/53 | €45,000 | €45,002 | +€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €73,895 | €86,022 | +€12,127 | +16.4% |
| Total equity and liabilities | 10/49 | €211,573 | €219,860 | +€8,287 | +3.9% |
| Equity | 10/15 | €134,225 | €147,900 | +€13,675 | +10.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €116,022 | €106,354 | -€9,669 | -8.3% |
| Tax-exempt reserves | 132 | €116,022 | €106,354 | -€9,669 | -8.3% |
| Profit (loss) carried forward | 14 | -€31,797 | -€8,453 | +€23,344 | +73.4% |
| Provisions and deferred taxes | 16 | €77,348 | €70,902 | -€6,446 | -8.3% |
| Deferred taxes | 168 | €77,348 | €70,902 | -€6,446 | -8.3% |
| Amounts payable | 17/49 | - | €1,057 | +€1,057 | |
| Amounts payable within one year | 42/48 | - | €1,057 | +€1,057 | |
| Taxes, remuneration and social security | 45 | - | €1,057 | +€1,057 | |
| Taxes | 450/3 | - | €1,057 | +€1,057 | |
| Other operating charges | 640/8 | €489 | €689 | +€199 | +40.7% |
| Gross operating margin | 9900 | €21,777 | €5,711 | -€16,066 | -73.8% |
| Operating profit (loss) | 9901 | €21,288 | €5,023 | -€16,265 | -76.4% |
| Financial income | 75/76B | €1,652 | €2,295 | +€643 | +38.9% |
| Recurring financial income | 75 | €1,652 | €2,295 | +€643 | +38.9% |
| Financial charges | 65/66B | €94 | €88 | -€6 | -6.2% |
| Recurring financial charges | 65 | €94 | €88 | -€6 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €22,846 | €7,230 | -€15,616 | -68.4% |
| Profit (loss) for the period | 9904 | €22,846 | €7,230 | -€15,616 | -68.4% |
| Transfer from tax-exempt reserves | 789 | - | €16,114 | +€16,114 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,846 | €23,344 | +€498 | +2.2% |
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 28 October 2026 via checked.be.