BLUE BLUE: 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 BLUE
Largest movements
- Cash +€48,252
up €48,252 (+2731.1%), from €1,767 to €50,019
mainly Net result for the year (+€36,970) and Other debts (+€7,822)
- Receivables within one year -€7,756
down €7,756 (-83.2%), from €9,325 to €1,570
of which Trade receivables: -€7,865
- Tangible fixed assets +€6,406
up €6,406 (+296.8%), from €2,158 to €8,564
of which Furniture and vehicles: +€3,616
- Current investments +€3,912
new in 2025: €3,912
- Reserves +€36,137
up €36,137 (+1651.5%), from €2,188 to €38,325
- Other debts +€7,822
up €7,822 (+179.4%), from €4,361 to €12,183
- Tax, wage and social debts +€6,388
up €6,388 (+110.9%), from €5,761 to €12,149
- Gross operating margin +€47,194
up €47,194 (+711.9%), from €6,629 to €53,823
- Taxes +€11,351
up €11,351 (+1091.7%), from €1,040 to €12,391
- Financial charges +€1,406
up €1,406 (+262.8%), from €535 to €1,941
- Other operating charges +€1,048
up €1,048 (+2051.0%), from €51 to €1,099
- Depreciation -€545
down €545 (-27.5%), from €1,982 to €1,437
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 | €15,601 | €66,462 | +€50,861 | +326.0% |
| Fixed assets | 21/28 | €2,158 | €8,564 | +€6,406 | +296.8% |
| Tangible fixed assets | 22/27 | €2,158 | €8,564 | +€6,406 | +296.8% |
| Plant, machinery and equipment | 23 | €2,158 | €4,948 | +€2,790 | +129.3% |
| Furniture and vehicles | 24 | - | €3,616 | +€3,616 | |
| Current assets | 29/58 | €13,443 | €57,898 | +€44,455 | +330.7% |
| Amounts receivable within one year | 40/41 | €9,325 | €1,570 | -€7,756 | -83.2% |
| Trade receivables | 40 | €7,865 | - | -€7,865 | |
| Other amounts receivable | 41 | €1,460 | €1,570 | +€109 | +7.5% |
| Current investments | 50/53 | - | €3,912 | +€3,912 | |
| Cash at bank and in hand | 54/58 | €1,767 | €50,019 | +€48,252 | +2731.1% |
| Deferred charges and accrued income | 490/1 | €2,351 | €2,398 | +€47 | +2.0% |
| Total equity and liabilities | 10/49 | €15,601 | €66,462 | +€50,861 | +326.0% |
| Equity | 10/15 | €3,388 | €39,525 | +€36,137 | +1066.6% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €2,188 | €38,325 | +€36,137 | +1651.5% |
| Distributable reserves | 133 | €2,188 | €38,325 | +€36,137 | +1651.5% |
| Amounts payable | 17/49 | €12,213 | €26,937 | +€14,724 | +120.6% |
| Amounts payable within one year | 42/48 | €12,162 | €26,894 | +€14,732 | +121.1% |
| Trade debts | 44 | €2,040 | €2,562 | +€522 | +25.6% |
| Suppliers | 440/4 | €2,040 | €2,562 | +€522 | +25.6% |
| Taxes, remuneration and social security | 45 | €5,761 | €12,149 | +€6,388 | +110.9% |
| Taxes | 450/3 | €5,761 | €12,149 | +€6,388 | +110.9% |
| Other amounts payable | 47/48 | €4,361 | €12,183 | +€7,822 | +179.4% |
| Accrued charges and deferred income | 492/3 | €51 | €43 | -€8 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,982 | €1,437 | -€545 | -27.5% |
| Other operating charges | 640/8 | €51 | €1,099 | +€1,048 | +2051.0% |
| Gross operating margin | 9900 | €6,629 | €53,823 | +€47,194 | +711.9% |
| Operating profit (loss) | 9901 | €4,596 | €51,287 | +€46,691 | +1015.9% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €535 | €1,941 | +€1,406 | +262.8% |
| Recurring financial charges | 65 | €535 | €1,941 | +€1,406 | +262.8% |
| Profit (loss) for the period before taxes | 9903 | €4,061 | €49,360 | +€45,300 | +1115.5% |
| Income taxes | 67/77 | €1,040 | €12,391 | +€11,351 | +1091.7% |
| Profit (loss) for the period | 9904 | €3,021 | €36,970 | +€33,949 | +1123.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,021 | €36,970 | +€33,949 | +1123.7% |
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 11 October 2026 via checked.be.