Blue e-Motion: what changed
Two fiscal 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 e-Motion
Largest movements
- Cash -€14,453
down €14,453 (-22.9%), from €63,133 to €48,680
mainly Trade debts (-€7,555) and Investment in fixed assets (net) (-€3,769)
- Receivables within one year +€1,817
up €1,817 (+4.3%), from €42,236 to €44,054
of which Trade receivables: +€1,572
- Financial fixed assets +€1,580
up €1,580 (+55.0%), from €2,875 to €4,455
- Tangible fixed assets +€1,557
up €1,557 (+99.5%), from €1,566 to €3,123
- Trade debts -€7,555
down €7,555 (-30.4%), from €24,884 to €17,328
- Profit (loss) carried forward -€2,833
down €2,833 (-0.8%), from -€342,653 to -€345,486
- Staff costs -€17,069
down €17,069 (-11.8%), from €145,029 to €127,960
- Gross operating margin -€14,274
down €14,274 (-10.0%), from €142,598 to €128,324
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 | €115,519 | €105,821 | -€9,699 | -8.4% |
| Fixed assets | 21/28 | €4,441 | €7,578 | +€3,137 | +70.7% |
| Tangible fixed assets | 22/27 | €1,566 | €3,123 | +€1,557 | +99.5% |
| Furniture and vehicles | 24 | €1,566 | €3,123 | +€1,557 | +99.5% |
| Financial fixed assets | 28 | €2,875 | €4,455 | +€1,580 | +55.0% |
| Current assets | 29/58 | €111,079 | €98,243 | -€12,836 | -11.6% |
| Amounts receivable within one year | 40/41 | €42,236 | €44,054 | +€1,817 | +4.3% |
| Trade receivables | 40 | €42,146 | €43,719 | +€1,572 | +3.7% |
| Other amounts receivable | 41 | €90 | €335 | +€245 | +272.2% |
| Cash at bank and in hand | 54/58 | €63,133 | €48,680 | -€14,453 | -22.9% |
| Deferred charges and accrued income | 490/1 | €5,709 | €5,509 | -€200 | -3.5% |
| Total equity and liabilities | 10/49 | €115,519 | €105,821 | -€9,699 | -8.4% |
| Equity | 10/15 | -€50,468 | -€53,301 | -€2,833 | -5.6% |
| Contributions | 10/11 | €189,580 | €189,580 | = | 0.0% |
| Capital | 10 | €146,200 | €146,200 | = | 0.0% |
| Issued capital | 100 | €146,200 | €146,200 | = | 0.0% |
| Outside capital | 11 | €43,380 | €43,380 | = | 0.0% |
| Share premium | 1100/10 | €43,380 | €43,380 | = | 0.0% |
| Reserves | 13 | €102,605 | €102,605 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,762 | €9,762 | = | 0.0% |
| Legal reserve | 130 | €9,762 | €9,762 | = | 0.0% |
| Distributable reserves | 133 | €92,843 | €92,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,653 | -€345,486 | -€2,833 | -0.8% |
| Amounts payable | 17/49 | €165,987 | €159,122 | -€6,865 | -4.1% |
| Amounts payable within one year | 42/48 | €165,987 | €159,122 | -€6,865 | -4.1% |
| Trade debts | 44 | €24,884 | €17,328 | -€7,555 | -30.4% |
| Suppliers | 440/4 | €24,884 | €17,328 | -€7,555 | -30.4% |
| Taxes, remuneration and social security | 45 | €17,048 | €17,738 | +€690 | +4.0% |
| Taxes | 450/3 | €1,543 | €4,780 | +€3,237 | +209.8% |
| Remuneration and social security | 454/9 | €15,505 | €12,958 | -€2,547 | -16.4% |
| Other amounts payable | 47/48 | €124,055 | €124,055 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €145,029 | €127,960 | -€17,069 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103 | €632 | +€528 | +510.6% |
| Other operating charges | 640/8 | €437 | €450 | +€12 | +2.8% |
| Gross operating margin | 9900 | €142,598 | €128,324 | -€14,274 | -10.0% |
| Operating profit (loss) | 9901 | -€2,972 | -€717 | +€2,255 | +75.9% |
| Financial income | 75/76B | €231 | - | -€231 | |
| Recurring financial income | 75 | €231 | - | -€231 | |
| Financial charges | 65/66B | €1,978 | €1,951 | -€27 | -1.4% |
| Recurring financial charges | 65 | €1,978 | €1,951 | -€27 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,720 | -€2,668 | +€2,051 | +43.5% |
| Income taxes | 67/77 | €160 | €165 | +€5 | +3.1% |
| Profit (loss) for the period | 9904 | -€4,880 | -€2,833 | +€2,046 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,880 | -€2,833 | +€2,046 | +41.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.