BLUE BOY: 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 BOY
Largest movements
- Receivables within one year -€16,119
down €16,119 (-18.7%), from €86,295 to €70,177
of which Other amounts receivable: -€14,921
- Cash +€7,165
up €7,165 (+25.4%), from €28,220 to €35,385
mainly Net result for the year (+€74,945) and Receivables within one year (+€16,119)
- Profit (loss) carried forward -€7,755
down €7,755 (-9.4%), from €82,725 to €74,970
- Trade debts -€6,406
down €6,406 (-71.0%), from €9,022 to €2,616
- Tax, wage and social debts +€5,766
up €5,766 (+59.2%), from €9,745 to €15,511
- Gross operating margin +€17,250
up €17,250 (+21.5%), from €80,064 to €97,313
- Taxes +€3,495
up €3,495 (+21.3%), from €16,403 to €19,898
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 | €121,951 | €113,556 | -€8,395 | -6.9% |
| Fixed assets | 21/28 | €6,459 | €6,836 | +€377 | +5.8% |
| Tangible fixed assets | 22/27 | €6,459 | €6,836 | +€377 | +5.8% |
| Plant, machinery and equipment | 23 | €3,089 | €2,314 | -€775 | -25.1% |
| Furniture and vehicles | 24 | €3,370 | €4,522 | +€1,152 | +34.2% |
| Current assets | 29/58 | €115,492 | €106,720 | -€8,772 | -7.6% |
| Amounts receivable within one year | 40/41 | €86,295 | €70,177 | -€16,119 | -18.7% |
| Trade receivables | 40 | €55,793 | €54,596 | -€1,197 | -2.1% |
| Other amounts receivable | 41 | €30,502 | €15,581 | -€14,921 | -48.9% |
| Cash at bank and in hand | 54/58 | €28,220 | €35,385 | +€7,165 | +25.4% |
| Deferred charges and accrued income | 490/1 | €977 | €1,158 | +€182 | +18.6% |
| Total equity and liabilities | 10/49 | €121,951 | €113,556 | -€8,395 | -6.9% |
| Equity | 10/15 | €103,185 | €95,430 | -€7,755 | -7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,725 | €74,970 | -€7,755 | -9.4% |
| Amounts payable | 17/49 | €18,766 | €18,126 | -€640 | -3.4% |
| Amounts payable within one year | 42/48 | €18,766 | €18,126 | -€640 | -3.4% |
| Trade debts | 44 | €9,022 | €2,616 | -€6,406 | -71.0% |
| Suppliers | 440/4 | €9,022 | €2,616 | -€6,406 | -71.0% |
| Taxes, remuneration and social security | 45 | €9,745 | €15,511 | +€5,766 | +59.2% |
| Taxes | 450/3 | €9,745 | €15,511 | +€5,766 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,720 | €3,882 | -€838 | -17.7% |
| Other operating charges | 640/8 | €569 | €632 | +€63 | +11.1% |
| Gross operating margin | 9900 | €80,064 | €97,313 | +€17,250 | +21.5% |
| Operating profit (loss) | 9901 | €74,775 | €92,799 | +€18,024 | +24.1% |
| Financial income | 75/76B | €2,235 | €2,284 | +€50 | +2.2% |
| Recurring financial income | 75 | €2,235 | €2,284 | +€50 | +2.2% |
| Financial charges | 65/66B | €120 | €239 | +€119 | +99.6% |
| Recurring financial charges | 65 | €120 | €239 | +€119 | +99.6% |
| Profit (loss) for the period before taxes | 9903 | €76,889 | €94,843 | +€17,954 | +23.4% |
| Income taxes | 67/77 | €16,403 | €19,898 | +€3,495 | +21.3% |
| Profit (loss) for the period | 9904 | €60,486 | €74,945 | +€14,459 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,486 | €74,945 | +€14,459 | +23.9% |
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 15 October 2026 via checked.be.