BLUE-CONCEPT: 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-CONCEPT
Largest movements
- Receivables within one year -€168,283
down €168,283 (-75.0%), from €224,257 to €55,974
of which Trade receivables: -€158,425
- Cash +€57,406
up €57,406 (+18.9%), from €303,315 to €360,721
mainly Receivables within one year (+€168,283) and Net result for the year (+€71,778)
- Receivables after one year +€22,881
up €22,881 (+129.6%), from €17,659 to €40,539
- Trade debts -€92,565
down €92,565 (-70.0%), from €132,158 to €39,593
- Reserves +€71,778
up €71,778 (+197.5%), from €36,346 to €108,124
of which Distributable reserves: +€71,778
- Advances received -€34,916
down €34,916 (-60.6%), from €57,581 to €22,665
- Tax, wage and social debts -€33,909
down €33,909 (-67.5%), from €50,252 to €16,343
- Contributions +€6,150
up €6,150 (+49.6%), from €12,400 to €18,550
- Gross operating margin +€19,876
up €19,876 (+17.2%), from €115,399 to €135,276
- Other operating charges -€5,672
down €5,672 (-59.5%), from €9,528 to €3,856
- Taxes -€5,078
down €5,078 (-16.5%), from €30,695 to €25,617
- Financial charges -€4,996
down €4,996 (-59.7%), from €8,373 to €3,376
of which Non-recurring financial charges: -€5,049
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.
Cash bridge derived
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 | €562,475 | €473,530 | -€88,944 | -15.8% |
| Fixed assets | 21/28 | €8,492 | €5,617 | -€2,876 | -33.9% |
| Tangible fixed assets | 22/27 | €7,064 | €4,189 | -€2,876 | -40.7% |
| Plant, machinery and equipment | 23 | - | €1,965 | +€1,965 | |
| Furniture and vehicles | 24 | €7,064 | €2,224 | -€4,840 | -68.5% |
| Financial fixed assets | 28 | €1,428 | €1,428 | = | 0.0% |
| Current assets | 29/58 | €553,982 | €467,914 | -€86,069 | -15.5% |
| Amounts receivable after more than one year | 29 | €17,659 | €40,539 | +€22,881 | +129.6% |
| Other amounts receivable | 291 | €17,659 | €40,539 | +€22,881 | +129.6% |
| Stocks and contracts in progress | 3 | €7,986 | €4,838 | -€3,148 | -39.4% |
| Stocks | 30/36 | €7,986 | €4,838 | -€3,148 | -39.4% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €224,257 | €55,974 | -€168,283 | -75.0% |
| Trade receivables | 40 | €214,266 | €55,842 | -€158,425 | -73.9% |
| Other amounts receivable | 41 | €9,991 | €132 | -€9,859 | -98.7% |
| Cash at bank and in hand | 54/58 | €303,315 | €360,721 | +€57,406 | +18.9% |
| Deferred charges and accrued income | 490/1 | €765 | €5,841 | +€5,076 | +663.7% |
| Total equity and liabilities | 10/49 | €562,475 | €473,530 | -€88,944 | -15.8% |
| Equity | 10/15 | €309,248 | €387,177 | +€77,928 | +25.2% |
| Contributions | 10/11 | €12,400 | €18,550 | +€6,150 | +49.6% |
| Reserves | 13 | €36,346 | €108,124 | +€71,778 | +197.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €36,346 | €108,124 | +€71,778 | +197.5% |
| Profit (loss) carried forward | 14 | €260,503 | €260,503 | = | 0.0% |
| Amounts payable | 17/49 | €253,226 | €86,354 | -€166,872 | -65.9% |
| Amounts payable after more than one year | 17 | €5,212 | €0 | -€5,212 | -100.0% |
| Financial debts | 170/4 | €5,212 | €0 | -€5,212 | -100.0% |
| Amounts payable within one year | 42/48 | €248,015 | €86,354 | -€161,661 | -65.2% |
| Current portion of amounts payable after more than one year | 42 | €5,459 | €5,212 | -€248 | -4.5% |
| Financial debts | 43 | €2,564 | €2,541 | -€23 | -0.9% |
| Other loans | 439 | €2,564 | €2,541 | -€23 | -0.9% |
| Trade debts | 44 | €132,158 | €39,593 | -€92,565 | -70.0% |
| Suppliers | 440/4 | €132,158 | €39,593 | -€92,565 | -70.0% |
| Advances received on contracts in progress | 46 | €57,581 | €22,665 | -€34,916 | -60.6% |
| Taxes, remuneration and social security | 45 | €50,252 | €16,343 | -€33,909 | -67.5% |
| Taxes | 450/3 | €50,252 | €16,343 | -€33,909 | -67.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,271 | €28,327 | +€24,057 | +563.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,764 | €7,605 | -€1,159 | -13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,431 | €23,233 | -€1,198 | -4.9% |
| Other operating charges | 640/8 | €9,528 | €3,856 | -€5,672 | -59.5% |
| Non-recurring operating charges | 66A | €0 | €1,393 | +€1,393 | |
| Gross operating margin | 9900 | €115,399 | €135,276 | +€19,876 | +17.2% |
| Operating profit (loss) | 9901 | €72,676 | €99,188 | +€26,512 | +36.5% |
| Financial income | 75/76B | €882 | €1,583 | +€702 | +79.6% |
| Recurring financial income | 75 | €882 | €1,583 | +€702 | +79.6% |
| Financial charges | 65/66B | €8,373 | €3,376 | -€4,996 | -59.7% |
| Recurring financial charges | 65 | €3,323 | €3,376 | +€53 | +1.6% |
| Non-recurring financial charges | 66B | €5,049 | €0 | -€5,049 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €65,185 | €97,395 | +€32,210 | +49.4% |
| Income taxes | 67/77 | €30,695 | €25,617 | -€5,078 | -16.5% |
| Profit (loss) for the period | 9904 | €34,491 | €71,778 | +€37,288 | +108.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,491 | €71,778 | +€37,288 | +108.1% |
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 9 October 2026 via checked.be.