Blue Aves Ventures: 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 Aves Ventures
Largest movements
- Receivables within one year +€37,103
up €37,103 (+26.6%), from €139,548 to €176,651
of which Trade receivables: +€34,091
- Tangible fixed assets -€19,836
no longer reported in 2025 (was €19,836)
- Trade debts +€22,344
up €22,344 (+585%), from €3,819 to €26,162
- Short-term financial debts -€14,660
down €14,660 (-50.9%), from €28,791 to €14,131
- Other debts +€4,922
up €4,922 (+10.3%), from €47,782 to €52,705
- Reserves +€3,193
up €3,193 (+5.0%), from €63,653 to €66,845
- Gross operating margin +€11,878
up €11,878 (+154%), from €7,722 to €19,600
- Financial charges +€2,209
up €2,209 (+116%), from €1,899 to €4,108
- Depreciation -€2,164
no longer reported in 2025 (was €2,164)
- Taxes +€1,203
up €1,203 (+89.8%), from €1,340 to €2,542
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,697 | €176,651 | +€15,954 | +9.9% |
| Fixed assets | 21/28 | €19,836 | - | -€19,836 | |
| Tangible fixed assets | 22/27 | €19,836 | - | -€19,836 | |
| Furniture and vehicles | 24 | €19,836 | - | -€19,836 | |
| Current assets | 29/58 | €140,861 | €176,651 | +€35,790 | +25.4% |
| Amounts receivable within one year | 40/41 | €139,548 | €176,651 | +€37,103 | +26.6% |
| Trade receivables | 40 | €135,363 | €169,454 | +€34,091 | +25.2% |
| Other amounts receivable | 41 | €4,186 | €7,198 | +€3,012 | +72.0% |
| Deferred charges and accrued income | 490/1 | €1,313 | - | -€1,313 | |
| Total equity and liabilities | 10/49 | €160,697 | €176,651 | +€15,954 | +9.9% |
| Equity | 10/15 | €66,653 | €69,845 | +€3,193 | +4.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,653 | €66,845 | +€3,193 | +5.0% |
| Distributable reserves | 133 | €63,653 | €66,845 | +€3,193 | +5.0% |
| Amounts payable | 17/49 | €94,045 | €106,806 | +€12,762 | +13.6% |
| Amounts payable within one year | 42/48 | €93,657 | €106,806 | +€13,149 | +14.0% |
| Financial debts | 43 | €28,791 | €14,131 | -€14,660 | -50.9% |
| Credit institutions | 430/8 | €28,791 | €14,131 | -€14,660 | -50.9% |
| Trade debts | 44 | €3,819 | €26,162 | +€22,344 | +585% |
| Suppliers | 440/4 | €3,819 | €26,162 | +€22,344 | +585% |
| Taxes, remuneration and social security | 45 | €13,266 | €13,808 | +€542 | +4.1% |
| Taxes | 450/3 | €13,266 | €13,808 | +€542 | +4.1% |
| Other amounts payable | 47/48 | €47,782 | €52,705 | +€4,922 | +10.3% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,164 | - | -€2,164 | |
| Other operating charges | 640/8 | €437 | €500 | +€62 | +14.3% |
| Non-recurring operating charges | 66A | - | €9,258 | +€9,258 | |
| Gross operating margin | 9900 | €7,722 | €19,600 | +€11,878 | +154% |
| Operating profit (loss) | 9901 | €5,121 | €9,843 | +€4,722 | +92.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,899 | €4,108 | +€2,209 | +116% |
| Recurring financial charges | 65 | €1,899 | €4,108 | +€2,209 | +116% |
| Profit (loss) for the period before taxes | 9903 | €3,222 | €5,735 | +€2,513 | +78.0% |
| Income taxes | 67/77 | €1,340 | €2,542 | +€1,203 | +89.8% |
| Profit (loss) for the period | 9904 | €1,882 | €3,193 | +€1,311 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,882 | €3,193 | +€1,311 | +69.6% |
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 31 October 2026 via checked.be.