BLUE ART: 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 ART
Largest movements
- Cash -€202
down €202 (-83.1%), from €243 to €41
mainly Net result for the year (-€1,399) and Receivables within one year (-€96)
- Receivables within one year +€96
up €96 (+55.2%), from €174 to €270
- Profit (loss) carried forward -€1,399
down €1,399 (-1.3%), from -€107,967 to -€109,366
- Other debts +€1,293
up €1,293 (+1.5%), from €88,533 to €89,826
- Other operating charges -€3,641
no longer reported in 2025 (was €3,641)
- Gross operating margin +€279
up €279 (+17.4%), from -€1,605 to -€1,327
- Financial charges -€162
down €162 (-69.2%), from €234 to €72
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 | €826 | €720 | -€106 | -12.8% |
| Fixed assets | 21/28 | €409 | €409 | = | 0.0% |
| Financial fixed assets | 28 | €409 | €409 | = | 0.0% |
| Current assets | 29/58 | €417 | €311 | -€106 | -25.3% |
| Amounts receivable within one year | 40/41 | €174 | €270 | +€96 | +55.2% |
| Other amounts receivable | 41 | €174 | €270 | +€96 | +55.2% |
| Cash at bank and in hand | 54/58 | €243 | €41 | -€202 | -83.1% |
| Total equity and liabilities | 10/49 | €826 | €720 | -€106 | -12.8% |
| Equity | 10/15 | -€87,708 | -€89,106 | -€1,399 | -1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,667 | €1,667 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,667 | €1,667 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,667 | €1,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,967 | -€109,366 | -€1,399 | -1.3% |
| Amounts payable | 17/49 | €88,533 | €89,826 | +€1,293 | +1.5% |
| Amounts payable within one year | 42/48 | €88,533 | €89,826 | +€1,293 | +1.5% |
| Other amounts payable | 47/48 | €88,533 | €89,826 | +€1,293 | +1.5% |
| Other operating charges | 640/8 | €3,641 | - | -€3,641 | |
| Gross operating margin | 9900 | -€1,605 | -€1,327 | +€279 | +17.4% |
| Operating profit (loss) | 9901 | -€5,246 | -€1,327 | +€3,920 | +74.7% |
| Financial charges | 65/66B | €234 | €72 | -€162 | -69.2% |
| Recurring financial charges | 65 | €234 | €72 | -€162 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,481 | -€1,399 | +€4,082 | +74.5% |
| Profit (loss) for the period | 9904 | -€5,481 | -€1,399 | +€4,082 | +74.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,481 | -€1,399 | +€4,082 | +74.5% |
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 30 October 2026 via checked.be.