BLUE BEECH ADVISORY: 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 BEECH ADVISORY
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+163%), from €707,034 to €1.9m
- Receivables within one year -€220,270
down €220,270 (-31.0%), from €711,302 to €491,032
of which Trade receivables: -€278,695
- Receivables after one year +€93,354
up €93,354 (+83.3%), from €112,050 to €205,404
- Reserves +€800,350
up €800,350 (+329%), from €243,290 to €1.0m
of which Distributable reserves: +€800,350
- Debts after one year +€577,257
up €577,257 (+97.0%), from €595,129 to €1.2m
- Other debts -€404,474
down €404,474 (-99.9%), from €405,000 to €526
- Current portion of long-term debt +€68,023
up €68,023 (+29.1%), from €234,143 to €302,166
- Tax, wage and social debts -€61,231
down €61,231 (-64.2%), from €95,334 to €34,103
- Gross operating margin -€527,164
down €527,164 (-49.4%), from €1.1m to €540,909
- Financial income +€440,000
new in 2025: €440,000
- Taxes -€141,144
down €141,144 (-52.8%), from €267,433 to €126,289
- Financial charges +€45,635
up €45,635 (+1,261%), from €3,620 to €49,255
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 | €1,599,417 | €2,602,875 | +€1.0m | +62.7% |
| Fixed assets | 21/28 | €712,155 | €1,863,048 | +€1.2m | +162% |
| Tangible fixed assets | 22/27 | €5,121 | €6,993 | +€1,871 | +36.5% |
| Plant, machinery and equipment | 23 | €2,901 | €868 | -€2,034 | -70.1% |
| Furniture and vehicles | 24 | €2,220 | €6,125 | +€3,905 | +176% |
| Financial fixed assets | 28 | €707,034 | €1,856,055 | +€1.1m | +163% |
| Current assets | 29/58 | €887,262 | €739,828 | -€147,434 | -16.6% |
| Amounts receivable after more than one year | 29 | €112,050 | €205,404 | +€93,354 | +83.3% |
| Other amounts receivable | 291 | €112,050 | €205,404 | +€93,354 | +83.3% |
| Amounts receivable within one year | 40/41 | €711,302 | €491,032 | -€220,270 | -31.0% |
| Trade receivables | 40 | €641,448 | €362,753 | -€278,695 | -43.4% |
| Other amounts receivable | 41 | €69,854 | €128,278 | +€58,425 | +83.6% |
| Cash at bank and in hand | 54/58 | €60,431 | €40,087 | -€20,345 | -33.7% |
| Deferred charges and accrued income | 490/1 | €3,479 | €3,305 | -€174 | -5.0% |
| Total equity and liabilities | 10/49 | €1,599,417 | €2,602,875 | +€1.0m | +62.7% |
| Equity | 10/15 | €261,890 | €1,062,240 | +€800,350 | +306% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243,290 | €1,043,640 | +€800,350 | +329% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €241,430 | €1,041,780 | +€800,350 | +332% |
| Amounts payable | 17/49 | €1,337,528 | €1,540,635 | +€203,108 | +15.2% |
| Amounts payable after more than one year | 17 | €595,129 | €1,172,387 | +€577,257 | +97.0% |
| Financial debts | 170/4 | €595,129 | €1,172,387 | +€577,257 | +97.0% |
| Amounts payable within one year | 42/48 | €742,398 | €368,249 | -€374,150 | -50.4% |
| Current portion of amounts payable after more than one year | 42 | €234,143 | €302,166 | +€68,023 | +29.1% |
| Trade debts | 44 | €7,921 | €31,455 | +€23,533 | +297% |
| Suppliers | 440/4 | €7,921 | €31,455 | +€23,533 | +297% |
| Taxes, remuneration and social security | 45 | €95,334 | €34,103 | -€61,231 | -64.2% |
| Taxes | 450/3 | €95,334 | €34,103 | -€61,231 | -64.2% |
| Other amounts payable | 47/48 | €405,000 | €526 | -€404,474 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,128 | €4,004 | +€876 | +28.0% |
| Other operating charges | 640/8 | €1,314 | €1,011 | -€303 | -23.0% |
| Gross operating margin | 9900 | €1,068,073 | €540,909 | -€527,164 | -49.4% |
| Operating profit (loss) | 9901 | €1,063,631 | €535,894 | -€527,737 | -49.6% |
| Financial income | 75/76B | - | €440,000 | +€440,000 | |
| Recurring financial income | 75 | - | €440,000 | +€440,000 | |
| Financial charges | 65/66B | €3,620 | €49,255 | +€45,635 | +1,261% |
| Recurring financial charges | 65 | €3,620 | €49,255 | +€45,635 | +1,261% |
| Profit (loss) for the period before taxes | 9903 | €1,060,011 | €926,639 | -€133,372 | -12.6% |
| Income taxes | 67/77 | €267,433 | €126,289 | -€141,144 | -52.8% |
| Profit (loss) for the period | 9904 | €792,578 | €800,350 | +€7,772 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €792,578 | €800,350 | +€7,772 | +1.0% |
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 16 October 2026 via checked.be.