BLUE CIRCLE CONSULTING: 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 CIRCLE CONSULTING
Largest movements
- Receivables within one year +€59,713
up €59,713 (+118%), from €50,802 to €110,515
of which Trade receivables: +€57,855
- Cash -€19,056
down €19,056 (-24.2%), from €78,858 to €59,802
mainly Contributions, distributions and other (-€83,600) and Receivables within one year (-€59,713)
- Profit (loss) carried forward +€40,751
new in 2025: €40,751
- Trade debts +€8,556
up €8,556 (+133%), from €6,416 to €14,972
- Tax, wage and social debts -€4,872
down €4,872 (-8.6%), from €56,929 to €52,057
of which Taxes: -€8,246
- Gross operating margin +€19,378
up €19,378 (+13.6%), from €142,883 to €162,261
- Financial income +€9,953
up €9,953 (+846%), from €1,177 to €11,130
- Taxes -€2,736
down €2,736 (-6.8%), from €39,949 to €37,214
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 | €431,303 | €475,729 | +€44,426 | +10.3% |
| Fixed assets | 21/28 | €13,564 | €16,870 | +€3,307 | +24.4% |
| Tangible fixed assets | 22/27 | €13,564 | €16,870 | +€3,307 | +24.4% |
| Land and buildings | 22 | €9,521 | €7,006 | -€2,515 | -26.4% |
| Furniture and vehicles | 24 | €4,043 | €4,970 | +€927 | +22.9% |
| Other tangible fixed assets | 26 | - | €4,895 | +€4,895 | |
| Current assets | 29/58 | €417,739 | €458,859 | +€41,119 | +9.8% |
| Amounts receivable within one year | 40/41 | €50,802 | €110,515 | +€59,713 | +118% |
| Trade receivables | 40 | €27,391 | €85,247 | +€57,855 | +211% |
| Other amounts receivable | 41 | €23,410 | €25,268 | +€1,858 | +7.9% |
| Current investments | 50/53 | €286,532 | €286,927 | +€395 | +0.1% |
| Cash at bank and in hand | 54/58 | €78,858 | €59,802 | -€19,056 | -24.2% |
| Deferred charges and accrued income | 490/1 | €1,548 | €1,616 | +€68 | +4.4% |
| Total equity and liabilities | 10/49 | €431,303 | €475,729 | +€44,426 | +10.3% |
| Equity | 10/15 | €367,949 | €408,700 | +€40,751 | +11.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €362,949 | €362,949 | = | 0.0% |
| Distributable reserves | 133 | €362,949 | €362,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €40,751 | +€40,751 | |
| Amounts payable | 17/49 | €63,354 | €67,029 | +€3,675 | +5.8% |
| Amounts payable within one year | 42/48 | €63,354 | €67,029 | +€3,675 | +5.8% |
| Financial debts | 43 | €9 | €0 | -€9 | -100% |
| Credit institutions | 430/8 | €9 | €0 | -€9 | -100% |
| Trade debts | 44 | €6,416 | €14,972 | +€8,556 | +133% |
| Suppliers | 440/4 | €6,416 | €14,972 | +€8,556 | +133% |
| Taxes, remuneration and social security | 45 | €56,929 | €52,057 | -€4,872 | -8.6% |
| Taxes | 450/3 | €56,929 | €48,683 | -€8,246 | -14.5% |
| Remuneration and social security | 454/9 | - | €3,374 | +€3,374 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,844 | €4,961 | +€117 | +2.4% |
| Other operating charges | 640/8 | €984 | €1,894 | +€910 | +92.5% |
| Gross operating margin | 9900 | €142,883 | €162,261 | +€19,378 | +13.6% |
| Operating profit (loss) | 9901 | €137,054 | €155,406 | +€18,351 | +13.4% |
| Financial income | 75/76B | €1,177 | €11,130 | +€9,953 | +846% |
| Recurring financial income | 75 | €1,177 | €11,130 | +€9,953 | +846% |
| Financial charges | 65/66B | €4,813 | €4,971 | +€157 | +3.3% |
| Recurring financial charges | 65 | €4,813 | €4,971 | +€157 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €133,418 | €161,565 | +€28,147 | +21.1% |
| Income taxes | 67/77 | €39,949 | €37,214 | -€2,736 | -6.8% |
| Profit (loss) for the period | 9904 | €93,469 | €124,351 | +€30,882 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,469 | €124,351 | +€30,882 | +33.0% |
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 27 October 2026 via checked.be.