BLUE CAPITAL: 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 CAPITAL
Largest movements
- Financial fixed assets +€290,445
up €290,445 (+5.9%), from €4.9m to €5.2m
- Accrued charges and deferred income +€298,171
up €298,171 (+17.7%), from €1.7m to €2.0m
- Financial charges +€25,954
up €25,954 (+9.5%), from €272,456 to €298,409
- Financial income +€16,440
up €16,440 (+6.0%), from €274,005 to €290,445
of which Financial income: +€16,440
- Gross operating margin +€1,706
up €1,706 (+95.0%), from -€1,796 to -€89
- Other operating charges +€31
up €31 (+3.2%), from €968 to €998
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 | €5,154,876 | €5,450,083 | +€295,206 | +5.7% |
| Fixed assets | 21/28 | €4,883,797 | €5,174,242 | +€290,445 | +5.9% |
| Financial fixed assets | 28 | €4,883,797 | €5,174,242 | +€290,445 | +5.9% |
| Current assets | 29/58 | €271,079 | €275,841 | +€4,761 | +1.8% |
| Amounts receivable within one year | 40/41 | €270,198 | €275,198 | +€5,000 | +1.9% |
| Other amounts receivable | 41 | €270,198 | €275,198 | +€5,000 | +1.9% |
| Cash at bank and in hand | 54/58 | €881 | €643 | -€239 | -27.1% |
| Total equity and liabilities | 10/49 | €5,154,876 | €5,450,083 | +€295,206 | +5.7% |
| Equity | 10/15 | €2,010,589 | €2,001,537 | -€9,052 | -0.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,942,939 | €1,933,887 | -€9,052 | -0.5% |
| Amounts payable | 17/49 | €3,144,288 | €3,448,546 | +€304,258 | +9.7% |
| Amounts payable after more than one year | 17 | €1,460,000 | €1,460,000 | = | 0.0% |
| Financial debts | 170/4 | €1,460,000 | €1,460,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,150 | €10,238 | +€6,088 | +147% |
| Trade debts | 44 | €85 | €1,088 | +€1,003 | +1,178% |
| Suppliers | 440/4 | €85 | €1,088 | +€1,003 | +1,178% |
| Other amounts payable | 47/48 | €4,065 | €9,150 | +€5,085 | +125% |
| Accrued charges and deferred income | 492/3 | €1,680,138 | €1,978,308 | +€298,171 | +17.7% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€1,796 | -€89 | +€1,706 | +95.0% |
| Operating profit (loss) | 9901 | -€2,763 | -€1,088 | +€1,675 | +60.6% |
| Financial income | 75/76B | €274,005 | €290,445 | +€16,440 | +6.0% |
| Recurring financial income | 75 | €274,005 | €290,445 | +€16,440 | +6.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €272,456 | €298,409 | +€25,954 | +9.5% |
| Recurring financial charges | 65 | €272,456 | €298,409 | +€25,954 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,214 | -€9,052 | -€7,838 | -646% |
| Profit (loss) for the period | 9904 | -€1,214 | -€9,052 | -€7,838 | -646% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,214 | -€9,052 | -€7,838 | -646% |
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 14 October 2026 via checked.be.