BLUE CAIN: 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 CAIN
Largest movements
- Deferred charges and accrued income +€5,464
up €5,464 (+226%), from €2,415 to €7,879
- Receivables within one year -€1,613
down €1,613 (-9.2%), from €17,551 to €15,938
of which Trade receivables: -€1,613
- Cash +€1,157
up €1,157 (+11.0%), from €10,497 to €11,654
mainly Net result for the year (+€9,616) and Depreciation (+€4,753)
- Tangible fixed assets +€1,130
up €1,130 (+16.9%), from €6,679 to €7,808
of which Plant, machinery and equipment: +€1,219
- Profit (loss) carried forward +€8,783
up €8,783 (+49.6%), from €17,704 to €26,486
- Tax, wage and social debts -€1,965
down €1,965 (-28.8%), from €6,830 to €4,865
of which Taxes: -€1,980
- Trade debts -€1,141
down €1,141 (-44.4%), from €2,571 to €1,430
- Other debts +€461
up €461 (+56.2%), from €821 to €1,282
- Gross operating margin +€5,059
up €5,059 (+37.5%), from €13,495 to €18,554
- Depreciation +€1,154
up €1,154 (+32.1%), from €3,599 to €4,753
- Taxes +€583
up €583 (+23.4%), from €2,489 to €3,072
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 | €37,142 | €43,280 | +€6,138 | +16.5% |
| Fixed assets | 21/28 | €6,679 | €7,808 | +€1,130 | +16.9% |
| Tangible fixed assets | 22/27 | €6,679 | €7,808 | +€1,130 | +16.9% |
| Plant, machinery and equipment | 23 | €6,589 | €7,808 | +€1,219 | +18.5% |
| Furniture and vehicles | 24 | €89 | - | -€89 | |
| Current assets | 29/58 | €30,463 | €35,471 | +€5,008 | +16.4% |
| Amounts receivable within one year | 40/41 | €17,551 | €15,938 | -€1,613 | -9.2% |
| Trade receivables | 40 | €17,040 | €15,427 | -€1,613 | -9.5% |
| Other amounts receivable | 41 | €511 | €511 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,497 | €11,654 | +€1,157 | +11.0% |
| Deferred charges and accrued income | 490/1 | €2,415 | €7,879 | +€5,464 | +226% |
| Total equity and liabilities | 10/49 | €37,142 | €43,280 | +€6,138 | +16.5% |
| Equity | 10/15 | €26,919 | €35,702 | +€8,783 | +32.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,015 | €3,015 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,156 | €1,156 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,704 | €26,486 | +€8,783 | +49.6% |
| Amounts payable | 17/49 | €10,223 | €7,578 | -€2,645 | -25.9% |
| Amounts payable within one year | 42/48 | €10,223 | €7,578 | -€2,645 | -25.9% |
| Trade debts | 44 | €2,571 | €1,430 | -€1,141 | -44.4% |
| Suppliers | 440/4 | €2,571 | €1,430 | -€1,141 | -44.4% |
| Taxes, remuneration and social security | 45 | €6,830 | €4,865 | -€1,965 | -28.8% |
| Taxes | 450/3 | €5,340 | €3,359 | -€1,980 | -37.1% |
| Remuneration and social security | 454/9 | €1,491 | €1,506 | +€15 | +1.0% |
| Other amounts payable | 47/48 | €821 | €1,282 | +€461 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,599 | €4,753 | +€1,154 | +32.1% |
| Other operating charges | 640/8 | €931 | €928 | -€3 | -0.4% |
| Gross operating margin | 9900 | €13,495 | €18,554 | +€5,059 | +37.5% |
| Operating profit (loss) | 9901 | €8,965 | €12,873 | +€3,908 | +43.6% |
| Financial income | 75/76B | €3 | €1 | -€2 | -67.4% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -67.4% |
| Financial charges | 65/66B | €159 | €185 | +€26 | +16.5% |
| Recurring financial charges | 65 | €159 | €185 | +€26 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €8,809 | €12,688 | +€3,879 | +44.0% |
| Income taxes | 67/77 | €2,489 | €3,072 | +€583 | +23.4% |
| Profit (loss) for the period | 9904 | €6,320 | €9,616 | +€3,296 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,320 | €9,616 | +€3,296 | +52.2% |
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 18 October 2026 via checked.be.