Blue Boots: 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 Boots
Largest movements
- Cash +€25,449
up €25,449 (+62.9%), from €40,455 to €65,904
mainly Net result for the year (+€17,007) and Depreciation (+€14,133)
- Intangible fixed assets -€11,000
down €11,000 (-58.9%), from €18,660 to €7,660
- Current investments +€10,327
up €10,327 (+15.8%), from €65,545 to €75,872
- Reserves +€20,000
up €20,000 (+17.1%), from €116,828 to €136,828
of which Distributable reserves: +€20,000
- Tax, wage and social debts +€3,047
up €3,047 (+26.8%), from €11,354 to €14,401
of which Taxes: +€3,047
- Profit (loss) carried forward -€2,993
down €2,993 (-17.9%), from €16,693 to €13,701
- Gross operating margin +€20,197
up €20,197 (+85.3%), from €23,689 to €43,886
- Taxes +€5,275
up €5,275 (+396%), from €1,332 to €6,607
- Write-downs +€2,497
new in 2025: €2,497
- Other operating charges -€846
down €846 (-47.1%), from €1,796 to €950
- Depreciation -€702
down €702 (-4.7%), from €14,835 to €14,133
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 | €253,525 | €273,987 | +€20,462 | +8.1% |
| Fixed assets | 21/28 | €140,766 | €127,926 | -€12,841 | -9.1% |
| Intangible fixed assets | 21 | €18,660 | €7,660 | -€11,000 | -58.9% |
| Tangible fixed assets | 22/27 | €8,106 | €6,265 | -€1,841 | -22.7% |
| Furniture and vehicles | 24 | €8,106 | €6,265 | -€1,841 | -22.7% |
| Financial fixed assets | 28 | €114,000 | €114,000 | = | 0.0% |
| Current assets | 29/58 | €112,759 | €146,062 | +€33,303 | +29.5% |
| Amounts receivable within one year | 40/41 | €5,693 | €3,162 | -€2,531 | -44.5% |
| Trade receivables | 40 | €2,497 | €0 | -€2,497 | -100% |
| Other amounts receivable | 41 | €3,196 | €3,162 | -€34 | -1.1% |
| Current investments | 50/53 | €65,545 | €75,872 | +€10,327 | +15.8% |
| Cash at bank and in hand | 54/58 | €40,455 | €65,904 | +€25,449 | +62.9% |
| Deferred charges and accrued income | 490/1 | €1,066 | €1,124 | +€58 | +5.4% |
| Total equity and liabilities | 10/49 | €253,525 | €273,987 | +€20,462 | +8.1% |
| Equity | 10/15 | €145,921 | €162,929 | +€17,007 | +11.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €116,828 | €136,828 | +€20,000 | +17.1% |
| Non-distributable reserves | 130/1 | €1,828 | €1,828 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,828 | €1,828 | = | 0.0% |
| Distributable reserves | 133 | €115,000 | €135,000 | +€20,000 | +17.4% |
| Profit (loss) carried forward | 14 | €16,693 | €13,701 | -€2,993 | -17.9% |
| Amounts payable | 17/49 | €107,604 | €111,059 | +€3,455 | +3.2% |
| Amounts payable within one year | 42/48 | €107,604 | €111,059 | +€3,455 | +3.2% |
| Financial debts | 43 | €96,000 | €96,000 | = | 0.0% |
| Credit institutions | 430/8 | €96,000 | €0 | -€96,000 | -100% |
| Other loans | 439 | - | €96,000 | +€96,000 | |
| Trade debts | 44 | €250 | €658 | +€408 | +163% |
| Suppliers | 440/4 | €250 | €658 | +€408 | +163% |
| Taxes, remuneration and social security | 45 | €11,354 | €14,401 | +€3,047 | +26.8% |
| Taxes | 450/3 | €8,872 | €11,919 | +€3,047 | +34.3% |
| Remuneration and social security | 454/9 | €2,482 | €2,482 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,835 | €14,133 | -€702 | -4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,497 | +€2,497 | |
| Other operating charges | 640/8 | €1,796 | €950 | -€846 | -47.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €23,689 | €43,886 | +€20,197 | +85.3% |
| Operating profit (loss) | 9901 | €7,058 | €26,306 | +€19,248 | +273% |
| Financial income | 75/76B | €10 | €346 | +€336 | +3,469% |
| Recurring financial income | 75 | €10 | €346 | +€336 | +3,469% |
| Financial charges | 65/66B | €3,091 | €3,037 | -€54 | -1.7% |
| Recurring financial charges | 65 | €3,091 | €3,037 | -€54 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €3,977 | €23,615 | +€19,638 | +494% |
| Income taxes | 67/77 | €1,332 | €6,607 | +€5,275 | +396% |
| Profit (loss) for the period | 9904 | €2,645 | €17,007 | +€14,363 | +543% |
| Profit (loss) for the period to be appropriated | 9905 | €2,645 | €17,007 | +€14,363 | +543% |
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 23 October 2026 via checked.be.