BLU3: 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.
BLU3
Largest movements
- Cash -€59,213
down €59,213 (-78.6%), from €75,333 to €16,121
mainly Receivables within one year (-€45,003) and Tax, wage and social debts (-€39,934)
- Receivables within one year +€45,003
up €45,003 (+277.0%), from €16,249 to €61,253
of which Trade receivables: +€37,737
- Tangible fixed assets -€1,315
down €1,315 (-22.2%), from €5,933 to €4,618
of which Furniture and vehicles: -€1,676
- Tax, wage and social debts -€39,934
down €39,934 (-76.3%), from €52,315 to €12,381
of which Remuneration and social security: -€37,879
- Trade debts +€19,095
up €19,095 (+347.9%), from €5,489 to €24,584
- Short-term financial debts +€2,997
up €2,997 (+62.0%), from €4,835 to €7,831
- Profit (loss) carried forward +€1,485
new in 2025: €1,485
- Gross operating margin -€37,909
down €37,909 (-87.1%), from €43,529 to €5,620
- Taxes -€10,820
down €10,820 (-88.4%), from €12,241 to €1,421
- Depreciation +€1,917
up €1,917 (+352.4%), from €544 to €2,462
- Other operating charges -€556
down €556 (-82.3%), from €676 to €120
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 | €98,579 | €82,909 | -€15,671 | -15.9% |
| Fixed assets | 21/28 | €5,933 | €4,618 | -€1,315 | -22.2% |
| Tangible fixed assets | 22/27 | €5,933 | €4,618 | -€1,315 | -22.2% |
| Plant, machinery and equipment | 23 | €1,423 | €1,784 | +€361 | +25.3% |
| Furniture and vehicles | 24 | €4,510 | €2,834 | -€1,676 | -37.2% |
| Current assets | 29/58 | €92,646 | €78,291 | -€14,355 | -15.5% |
| Amounts receivable within one year | 40/41 | €16,249 | €61,253 | +€45,003 | +277.0% |
| Trade receivables | 40 | €15,966 | €53,702 | +€37,737 | +236.4% |
| Other amounts receivable | 41 | €284 | €7,550 | +€7,267 | +2561.4% |
| Cash at bank and in hand | 54/58 | €75,333 | €16,121 | -€59,213 | -78.6% |
| Deferred charges and accrued income | 490/1 | €1,064 | €917 | -€146 | -13.7% |
| Total equity and liabilities | 10/49 | €98,579 | €82,909 | -€15,671 | -15.9% |
| Equity | 10/15 | €35,940 | €37,425 | +€1,485 | +4.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €29,940 | €29,940 | = | 0.0% |
| Distributable reserves | 133 | €29,940 | €29,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,485 | +€1,485 | |
| Amounts payable | 17/49 | €62,639 | €45,483 | -€17,156 | -27.4% |
| Amounts payable within one year | 42/48 | €62,639 | €45,483 | -€17,156 | -27.4% |
| Financial debts | 43 | €4,835 | €7,831 | +€2,997 | +62.0% |
| Credit institutions | 430/8 | €4,835 | €7,831 | +€2,997 | +62.0% |
| Trade debts | 44 | €5,489 | €24,584 | +€19,095 | +347.9% |
| Suppliers | 440/4 | €5,489 | €24,584 | +€19,095 | +347.9% |
| Taxes, remuneration and social security | 45 | €52,315 | €12,381 | -€39,934 | -76.3% |
| Taxes | 450/3 | €14,436 | €12,381 | -€2,055 | -14.2% |
| Remuneration and social security | 454/9 | €37,879 | - | -€37,879 | |
| Other amounts payable | 47/48 | - | €687 | +€687 | |
| Remuneration, social security and pensions | 62 | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544 | €2,462 | +€1,917 | +352.4% |
| Other operating charges | 640/8 | €676 | €120 | -€556 | -82.3% |
| Gross operating margin | 9900 | €43,529 | €5,620 | -€37,909 | -87.1% |
| Operating profit (loss) | 9901 | €42,292 | €3,039 | -€39,254 | -92.8% |
| Financial income | 75/76B | €15 | €21 | +€6 | +39.0% |
| Recurring financial income | 75 | €15 | €21 | +€6 | +39.0% |
| Financial charges | 65/66B | €126 | €154 | +€28 | +21.8% |
| Recurring financial charges | 65 | €126 | €154 | +€28 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €42,181 | €2,906 | -€39,275 | -93.1% |
| Income taxes | 67/77 | €12,241 | €1,421 | -€10,820 | -88.4% |
| Profit (loss) for the period | 9904 | €29,940 | €1,485 | -€28,455 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,940 | €1,485 | -€28,455 | -95.0% |
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 4 October 2026 via checked.be.