Blue Alpha: 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.
Blue Alpha
Largest movements
- Cash +€24,970
up €24,970 (+80.0%), from €31,211 to €56,181
mainly Net result for the year (+€23,273) and Accrued charges and deferred income (+€7,113)
- Receivables within one year +€11,333
up €11,333 (+136%), from €8,364 to €19,697
of which Trade receivables: +€9,944
- Financial fixed assets -€2,999
down €2,999 (-100.0%), from €3,000 to €1
- Tangible fixed assets -€2,838
down €2,838 (-71.0%), from €3,995 to €1,157
- Profit (loss) carried forward +€23,273
up €23,273 (+88.4%), from €26,323 to €49,596
- Accrued charges and deferred income +€7,113
up €7,113 (+1,836%), from €387 to €7,500
- Tax, wage and social debts +€4,580
up €4,580 (+44.6%), from €10,259 to €14,839
- Trade debts -€2,655
down €2,655 (-92.1%), from €2,882 to €227
- Other debts -€1,719
down €1,719 (-100%), from €1,719 to €0
- Financial charges +€3,016
up €3,016 (+4,532%), from €67 to €3,082
of which Non-recurring financial charges: +€3,000
- Gross operating margin +€2,616
up €2,616 (+7.8%), from €33,672 to €36,289
- Taxes +€479
up €479 (+6.7%), from €7,132 to €7,611
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 | €46,570 | €77,162 | +€30,592 | +65.7% |
| Fixed assets | 21/28 | €6,995 | €1,158 | -€5,837 | -83.4% |
| Tangible fixed assets | 22/27 | €3,995 | €1,157 | -€2,838 | -71.0% |
| Furniture and vehicles | 24 | €3,995 | €1,157 | -€2,838 | -71.0% |
| Financial fixed assets | 28 | €3,000 | €1 | -€2,999 | -100.0% |
| Current assets | 29/58 | €39,575 | €76,003 | +€36,428 | +92.0% |
| Amounts receivable within one year | 40/41 | €8,364 | €19,697 | +€11,333 | +136% |
| Trade receivables | 40 | €8,364 | €18,308 | +€9,944 | +119% |
| Other amounts receivable | 41 | - | €1,389 | +€1,389 | |
| Cash at bank and in hand | 54/58 | €31,211 | €56,181 | +€24,970 | +80.0% |
| Deferred charges and accrued income | 490/1 | - | €125 | +€125 | |
| Total equity and liabilities | 10/49 | €46,570 | €77,162 | +€30,592 | +65.7% |
| Equity | 10/15 | €31,323 | €54,596 | +€23,273 | +74.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,323 | €49,596 | +€23,273 | +88.4% |
| Amounts payable | 17/49 | €15,247 | €22,566 | +€7,319 | +48.0% |
| Amounts payable within one year | 42/48 | €14,860 | €15,066 | +€206 | +1.4% |
| Trade debts | 44 | €2,882 | €227 | -€2,655 | -92.1% |
| Suppliers | 440/4 | €2,882 | €227 | -€2,655 | -92.1% |
| Taxes, remuneration and social security | 45 | €10,259 | €14,839 | +€4,580 | +44.6% |
| Taxes | 450/3 | €10,259 | €14,839 | +€4,580 | +44.6% |
| Other amounts payable | 47/48 | €1,719 | €0 | -€1,719 | -100% |
| Accrued charges and deferred income | 492/3 | €387 | €7,500 | +€7,113 | +1,836% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405 | €717 | +€311 | +76.9% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Non-recurring operating charges | 66A | - | €1,501 | +€1,501 | |
| Gross operating margin | 9900 | €33,672 | €36,289 | +€2,616 | +7.8% |
| Operating profit (loss) | 9901 | €33,149 | €33,951 | +€802 | +2.4% |
| Financial income | 75/76B | €0 | €15 | +€15 | |
| Recurring financial income | 75 | €0 | €15 | +€15 | |
| Financial charges | 65/66B | €67 | €3,082 | +€3,016 | +4,532% |
| Recurring financial charges | 65 | €67 | €83 | +€16 | +24.2% |
| Non-recurring financial charges | 66B | - | €3,000 | +€3,000 | |
| Profit (loss) for the period before taxes | 9903 | €33,083 | €30,884 | -€2,199 | -6.6% |
| Income taxes | 67/77 | €7,132 | €7,611 | +€479 | +6.7% |
| Profit (loss) for the period | 9904 | €25,951 | €23,273 | -€2,678 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,951 | €23,273 | -€2,678 | -10.3% |
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 24 October 2026 via checked.be.