BLUE CAP TRUST: 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 CAP TRUST
Largest movements
- Receivables within one year -€21,468
down €21,468 (-55.3%), from €38,796 to €17,328
of which Other amounts receivable: -€21,456
- Current portion of long-term debt -€7,800
down €7,800 (-36.5%), from €21,367 to €13,567
- Trade debts -€6,768
down €6,768 (-83.9%), from €8,068 to €1,300
- Tax, wage and social debts -€3,000
no longer reported in 2025 (was €3,000)
- Profit (loss) carried forward -€2,646
down €2,646 (-34.1%), from €7,750 to €5,103
- Other debts -€1,247
no longer reported in 2025 (was €1,247)
- Financial charges -€1,544
down €1,544 (-52.3%), from €2,950 to €1,406
- Gross operating margin +€67
up €67 (+5.1%), from -€1,306 to -€1,240
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,796 | €34,328 | -€21,468 | -38.5% |
| Fixed assets | 21/28 | €17,000 | €17,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €17,000 | €17,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €17,000 | €17,000 | = | 0.0% |
| Current assets | 29/58 | €38,796 | €17,328 | -€21,468 | -55.3% |
| Amounts receivable within one year | 40/41 | €38,796 | €17,328 | -€21,468 | -55.3% |
| Trade receivables | 40 | €13 | - | -€13 | |
| Other amounts receivable | 41 | €38,783 | €17,328 | -€21,456 | -55.3% |
| Total equity and liabilities | 10/49 | €55,796 | €34,328 | -€21,468 | -38.5% |
| Equity | 10/15 | €12,110 | €9,463 | -€2,646 | -21.9% |
| Reserves | 13 | €4,360 | €4,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,360 | €4,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,360 | €4,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,750 | €5,103 | -€2,646 | -34.1% |
| Amounts payable | 17/49 | €43,687 | €24,864 | -€18,822 | -43.1% |
| Amounts payable within one year | 42/48 | €43,687 | €24,864 | -€18,822 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €21,367 | €13,567 | -€7,800 | -36.5% |
| Financial debts | 43 | €10,004 | €9,997 | -€7 | -0.1% |
| Credit institutions | 430/8 | €10,004 | €9,997 | -€7 | -0.1% |
| Trade debts | 44 | €8,068 | €1,300 | -€6,768 | -83.9% |
| Suppliers | 440/4 | €8,068 | €1,300 | -€6,768 | -83.9% |
| Taxes, remuneration and social security | 45 | €3,000 | - | -€3,000 | |
| Taxes | 450/3 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €1,247 | - | -€1,247 | |
| Gross operating margin | 9900 | -€1,306 | -€1,240 | +€67 | +5.1% |
| Operating profit (loss) | 9901 | -€1,306 | -€1,240 | +€67 | +5.1% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €2,950 | €1,406 | -€1,544 | -52.3% |
| Recurring financial charges | 65 | €2,950 | €1,406 | -€1,544 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,255 | -€2,646 | +€1,608 | +37.8% |
| Profit (loss) for the period | 9904 | -€4,255 | -€2,646 | +€1,608 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,255 | -€2,646 | +€1,608 | +37.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.