Blue Archer: 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 Archer
Largest movements
- Cash +€95,305
up €95,305 (+111%), from €85,928 to €181,233
mainly Net result for the year (+€92,115) and Tax, wage and social debts (+€24,722)
- Receivables within one year +€8,596
up €8,596 (+67.2%), from €12,790 to €21,386
of which Trade receivables: +€7,278
- Reserves +€92,115
up €92,115 (+129%), from €71,460 to €163,575
- Tax, wage and social debts +€24,722
up €24,722 (+80.5%), from €30,723 to €55,445
of which Taxes: +€27,822
- Other debts -€10,018
down €10,018 (-100%), from €10,018 to €0
- Trade debts -€2,732
down €2,732 (-73.6%), from €3,711 to €979
- Gross operating margin +€24,394
up €24,394 (+24.1%), from €101,215 to €125,609
- Taxes +€6,389
up €6,389 (+32.0%), from €19,938 to €26,328
- Other operating charges -€1,666
down €1,666 (-80.4%), from €2,073 to €406
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 | €123,643 | €227,499 | +€103,856 | +84.0% |
| Fixed assets | 21/28 | €24,035 | €23,244 | -€791 | -3.3% |
| Tangible fixed assets | 22/27 | €24,035 | €23,244 | -€791 | -3.3% |
| Furniture and vehicles | 24 | €22,808 | €17,963 | -€4,845 | -21.2% |
| Other tangible fixed assets | 26 | €1,227 | €5,281 | +€4,054 | +330% |
| Current assets | 29/58 | €99,608 | €204,255 | +€104,647 | +105% |
| Amounts receivable within one year | 40/41 | €12,790 | €21,386 | +€8,596 | +67.2% |
| Trade receivables | 40 | €12,790 | €20,069 | +€7,278 | +56.9% |
| Other amounts receivable | 41 | - | €1,317 | +€1,317 | |
| Cash at bank and in hand | 54/58 | €85,928 | €181,233 | +€95,305 | +111% |
| Deferred charges and accrued income | 490/1 | €891 | €1,636 | +€746 | +83.8% |
| Total equity and liabilities | 10/49 | €123,643 | €227,499 | +€103,856 | +84.0% |
| Equity | 10/15 | €78,960 | €171,075 | +€92,115 | +117% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €71,460 | €163,575 | +€92,115 | +129% |
| Distributable reserves | 133 | €71,460 | €163,575 | +€92,115 | +129% |
| Amounts payable | 17/49 | €44,683 | €56,423 | +€11,740 | +26.3% |
| Amounts payable within one year | 42/48 | €44,451 | €56,423 | +€11,972 | +26.9% |
| Trade debts | 44 | €3,711 | €979 | -€2,732 | -73.6% |
| Suppliers | 440/4 | €3,711 | €979 | -€2,732 | -73.6% |
| Taxes, remuneration and social security | 45 | €30,723 | €55,445 | +€24,722 | +80.5% |
| Taxes | 450/3 | €27,623 | €55,445 | +€27,822 | +101% |
| Remuneration and social security | 454/9 | €3,100 | €0 | -€3,100 | -100% |
| Other amounts payable | 47/48 | €10,018 | €0 | -€10,018 | -100% |
| Accrued charges and deferred income | 492/3 | €232 | €0 | -€232 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,582 | €6,599 | -€982 | -13.0% |
| Other operating charges | 640/8 | €2,073 | €406 | -€1,666 | -80.4% |
| Gross operating margin | 9900 | €101,215 | €125,609 | +€24,394 | +24.1% |
| Operating profit (loss) | 9901 | €91,561 | €118,603 | +€27,042 | +29.5% |
| Financial charges | 65/66B | €163 | €159 | -€3 | -2.0% |
| Recurring financial charges | 65 | €163 | €159 | -€3 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €91,398 | €118,443 | +€27,045 | +29.6% |
| Income taxes | 67/77 | €19,938 | €26,328 | +€6,389 | +32.0% |
| Profit (loss) for the period | 9904 | €71,460 | €92,115 | +€20,655 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,460 | €92,115 | +€20,655 | +28.9% |
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 15 October 2026 via checked.be.