BLUE AND TECH: 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 AND TECH
Largest movements
- Cash -€83,227
down €83,227 (-81.7%), from €101,846 to €18,619
mainly Other debts (-€43,410) and Net result for the year (-€23,577)
- Receivables within one year +€17,149
up €17,149 (+147.1%), from €11,660 to €28,809
of which Trade receivables: +€17,328
- Other debts -€43,410
down €43,410 (-55.7%), from €77,978 to €34,568
- Profit (loss) carried forward -€23,577
down €23,577 (-3076.8%), from -€766 to -€24,343
- Trade debts +€3,055
up €3,055 (+356.6%), from €857 to €3,912
- Tax, wage and social debts -€1,559
down €1,559 (-29.6%), from €5,275 to €3,715
- Gross operating margin -€76,403
down €76,403, from €60,819 to -€15,584
- Financial charges +€3,357
up €3,357 (+125.0%), from €2,684 to €6,041
- Other operating charges -€3,029
down €3,029 (-79.7%), from €3,799 to €771
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 | €114,494 | €49,002 | -€65,491 | -57.2% |
| Fixed assets | 21/28 | €879 | €1,459 | +€580 | +66.1% |
| Tangible fixed assets | 22/27 | €654 | €1,234 | +€580 | +88.8% |
| Furniture and vehicles | 24 | €654 | €1,234 | +€580 | +88.8% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €113,615 | €47,544 | -€66,071 | -58.2% |
| Amounts receivable within one year | 40/41 | €11,660 | €28,809 | +€17,149 | +147.1% |
| Trade receivables | 40 | €7,292 | €24,620 | +€17,328 | +237.6% |
| Other amounts receivable | 41 | €4,368 | €4,189 | -€179 | -4.1% |
| Cash at bank and in hand | 54/58 | €101,846 | €18,619 | -€83,227 | -81.7% |
| Deferred charges and accrued income | 490/1 | €109 | €116 | +€7 | +6.0% |
| Total equity and liabilities | 10/49 | €114,494 | €49,002 | -€65,491 | -57.2% |
| Equity | 10/15 | €30,384 | €6,807 | -€23,577 | -77.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,150 | €26,150 | = | 0.0% |
| Distributable reserves | 133 | €26,150 | €26,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€766 | -€24,343 | -€23,577 | -3076.8% |
| Amounts payable | 17/49 | €84,110 | €42,195 | -€41,915 | -49.8% |
| Amounts payable within one year | 42/48 | €84,110 | €42,195 | -€41,915 | -49.8% |
| Trade debts | 44 | €857 | €3,912 | +€3,055 | +356.6% |
| Suppliers | 440/4 | €857 | €3,912 | +€3,055 | +356.6% |
| Taxes, remuneration and social security | 45 | €5,275 | €3,715 | -€1,559 | -29.6% |
| Taxes | 450/3 | €5,275 | €3,715 | -€1,559 | -29.6% |
| Other amounts payable | 47/48 | €77,978 | €34,568 | -€43,410 | -55.7% |
| Non-recurring operating income | 76A | €47,107 | - | -€47,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659 | €1,075 | +€417 | +63.3% |
| Other operating charges | 640/8 | €3,799 | €771 | -€3,029 | -79.7% |
| Non-recurring operating charges | 66A | €53,831 | - | -€53,831 | |
| Gross operating margin | 9900 | €60,819 | -€15,584 | -€76,403 | |
| Operating profit (loss) | 9901 | €2,530 | -€17,430 | -€19,961 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,684 | €6,041 | +€3,357 | +125.0% |
| Recurring financial charges | 65 | €2,684 | €6,041 | +€3,357 | +125.0% |
| Profit (loss) for the period before taxes | 9903 | -€154 | -€23,469 | -€23,315 | -15146.6% |
| Income taxes | 67/77 | €632 | €107 | -€525 | -83.0% |
| Profit (loss) for the period | 9904 | -€786 | -€23,577 | -€22,791 | -2899.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€786 | -€23,577 | -€22,791 | -2899.7% |
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 10 October 2026 via checked.be.