BLUE DISCO: 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 DISCO
Largest movements
- Cash +€35,800
up €35,800 (+45.6%), from €78,582 to €114,382
mainly Depreciation (+€52,599) and Net result for the year (+€51,027)
- Tangible fixed assets -€18,662
down €18,662 (-1.4%), from €1.3m to €1.3m
- Profit (loss) carried forward +€51,027
up €51,027 (+2,907%), from €1,755 to €52,782
- Debts after one year -€42,303
down €42,303 (-3.3%), from €1.3m to €1.3m
- Gross operating margin +€27,138
up €27,138 (+22.5%), from €120,576 to €147,714
- Taxes +€5,912
new in 2025: €5,912
- Other operating charges +€5,533
up €5,533 (+179%), from €3,099 to €8,632
- Depreciation +€4,635
up €4,635 (+9.7%), from €47,964 to €52,599
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 | €1,389,070 | €1,405,602 | +€16,532 | +1.2% |
| Fixed assets | 21/28 | €1,302,301 | €1,283,640 | -€18,662 | -1.4% |
| Tangible fixed assets | 22/27 | €1,302,301 | €1,283,640 | -€18,662 | -1.4% |
| Land and buildings | 22 | €1,302,301 | €1,283,640 | -€18,662 | -1.4% |
| Current assets | 29/58 | €86,769 | €121,963 | +€35,194 | +40.6% |
| Amounts receivable after more than one year | 29 | €6,164 | €6,164 | = | 0.0% |
| Other amounts receivable | 291 | €6,164 | €6,164 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,023 | €1,417 | -€606 | -30.0% |
| Trade receivables | 40 | €2,023 | €1,417 | -€606 | -30.0% |
| Cash at bank and in hand | 54/58 | €78,582 | €114,382 | +€35,800 | +45.6% |
| Total equity and liabilities | 10/49 | €1,389,070 | €1,405,602 | +€16,532 | +1.2% |
| Equity | 10/15 | €11,755 | €62,782 | +€51,027 | +434% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,755 | €52,782 | +€51,027 | +2,907% |
| Amounts payable | 17/49 | €1,377,315 | €1,342,820 | -€34,495 | -2.5% |
| Amounts payable after more than one year | 17 | €1,300,048 | €1,257,745 | -€42,303 | -3.3% |
| Financial debts | 170/4 | €1,300,048 | €1,257,745 | -€42,303 | -3.3% |
| Amounts payable within one year | 42/48 | €75,081 | €84,044 | +€8,963 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €41,110 | €42,303 | +€1,193 | +2.9% |
| Trade debts | 44 | €4,601 | €7,156 | +€2,555 | +55.5% |
| Suppliers | 440/4 | €4,601 | €7,156 | +€2,555 | +55.5% |
| Advances received on contracts in progress | 46 | €4,126 | €2,812 | -€1,314 | -31.9% |
| Taxes, remuneration and social security | 45 | €12,370 | €18,207 | +€5,837 | +47.2% |
| Taxes | 450/3 | €12,370 | €18,207 | +€5,837 | +47.2% |
| Other amounts payable | 47/48 | €12,872 | €13,565 | +€693 | +5.4% |
| Accrued charges and deferred income | 492/3 | €2,186 | €1,031 | -€1,155 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,964 | €52,599 | +€4,635 | +9.7% |
| Other operating charges | 640/8 | €3,099 | €8,632 | +€5,533 | +179% |
| Gross operating margin | 9900 | €120,576 | €147,714 | +€27,138 | +22.5% |
| Operating profit (loss) | 9901 | €69,513 | €86,483 | +€16,970 | +24.4% |
| Financial charges | 65/66B | €30,098 | €29,544 | -€553 | -1.8% |
| Recurring financial charges | 65 | €30,098 | €29,544 | -€553 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €39,415 | €56,939 | +€17,524 | +44.5% |
| Income taxes | 67/77 | - | €5,912 | +€5,912 | |
| Profit (loss) for the period | 9904 | €39,415 | €51,027 | +€11,612 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,415 | €51,027 | +€11,612 | +29.5% |
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 28 October 2026 via checked.be.