BLUE DOTS: 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 DOTS
Largest movements
- Cash -€186,939
down €186,939 (-77.9%), from €239,949 to €53,010
mainly Other debts (-€118,678) and Contributions, distributions and other (-€50,000)
- Receivables within one year +€33,188
up €33,188 (+70.3%), from €47,214 to €80,402
of which Trade receivables: +€29,164
- Other debts -€118,678
down €118,678 (-67.8%), from €174,914 to €56,237
- Reserves -€39,051
down €39,051 (-48.7%), from €80,106 to €41,055
of which Distributable reserves: -€30,927
- Trade debts +€29,858
up €29,858 (+781.2%), from €3,822 to €33,680
- Tax, wage and social debts -€27,445
down €27,445 (-96.3%), from €28,500 to €1,055
- Gross operating margin -€67,884
down €67,884 (-72.1%), from €94,118 to €26,234
- Taxes -€12,500
down €12,500 (-68.6%), from €18,224 to €5,724
- Financial income -€3,993
down €3,993 (-100.0%), from €3,993 to €0
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 | €305,942 | €150,627 | -€155,316 | -50.8% |
| Fixed assets | 21/28 | €18,034 | €16,631 | -€1,402 | -7.8% |
| Tangible fixed assets | 22/27 | €18,034 | €16,630 | -€1,403 | -7.8% |
| Plant, machinery and equipment | 23 | €4,580 | €2,573 | -€2,007 | -43.8% |
| Furniture and vehicles | 24 | €7,997 | €5,500 | -€2,497 | -31.2% |
| Other tangible fixed assets | 26 | €5,457 | €8,558 | +€3,101 | +56.8% |
| Financial fixed assets | 28 | - | €1 | +€1 | |
| Current assets | 29/58 | €287,909 | €133,995 | -€153,913 | -53.5% |
| Amounts receivable within one year | 40/41 | €47,214 | €80,402 | +€33,188 | +70.3% |
| Trade receivables | 40 | €36,961 | €66,126 | +€29,164 | +78.9% |
| Other amounts receivable | 41 | €10,252 | €14,276 | +€4,024 | +39.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €239,949 | €53,010 | -€186,939 | -77.9% |
| Deferred charges and accrued income | 490/1 | €746 | €584 | -€162 | -21.8% |
| Total equity and liabilities | 10/49 | €305,942 | €150,627 | -€155,316 | -50.8% |
| Equity | 10/15 | €98,706 | €59,655 | -€39,051 | -39.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,106 | €41,055 | -€39,051 | -48.7% |
| Tax-exempt reserves | 132 | €8,124 | €0 | -€8,124 | -100.0% |
| Distributable reserves | 133 | €71,982 | €41,055 | -€30,927 | -43.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €207,236 | €90,972 | -€116,265 | -56.1% |
| Amounts payable within one year | 42/48 | €207,236 | €90,972 | -€116,265 | -56.1% |
| Trade debts | 44 | €3,822 | €33,680 | +€29,858 | +781.2% |
| Suppliers | 440/4 | €3,822 | €33,680 | +€29,858 | +781.2% |
| Taxes, remuneration and social security | 45 | €28,500 | €1,055 | -€27,445 | -96.3% |
| Taxes | 450/3 | €28,500 | €1,055 | -€27,445 | -96.3% |
| Other amounts payable | 47/48 | €174,914 | €56,237 | -€118,678 | -67.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,251 | €6,699 | -€552 | -7.6% |
| Other operating charges | 640/8 | €535 | €550 | +€14 | +2.7% |
| Gross operating margin | 9900 | €94,118 | €26,234 | -€67,884 | -72.1% |
| Operating profit (loss) | 9901 | €86,333 | €18,986 | -€67,347 | -78.0% |
| Financial income | 75/76B | €3,993 | €0 | -€3,993 | -100.0% |
| Recurring financial income | 75 | €3,993 | €0 | -€3,993 | -100.0% |
| Financial charges | 65/66B | €2,891 | €2,314 | -€577 | -20.0% |
| Recurring financial charges | 65 | €2,891 | €2,314 | -€577 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €87,435 | €16,673 | -€70,762 | -80.9% |
| Income taxes | 67/77 | €18,224 | €5,724 | -€12,500 | -68.6% |
| Profit (loss) for the period | 9904 | €69,211 | €10,949 | -€58,262 | -84.2% |
| Transfer from tax-exempt reserves | 789 | - | €8,124 | +€8,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,211 | €19,073 | -€50,138 | -72.4% |
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 11 October 2026 via checked.be.