Blue Eagle Consult: 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 Eagle Consult
Largest movements
- Cash -€31,578
down €31,578 (-25.8%), from €122,390 to €90,811
mainly Investment in fixed assets (net) (-€38,992) and Debts after one year (-€20,777)
- Deferred charges and accrued income -€12,146
down €12,146 (-68.1%), from €17,836 to €5,691
- Tangible fixed assets -€6,906
down €6,906 (-2.6%), from €265,041 to €258,135
of which Land and buildings: -€8,320
- Profit (loss) carried forward -€83,037
down €83,037 (-100.0%), from €83,037 to €0
- Reserves +€77,321
up €77,321 (+48.8%), from €158,538 to €235,859
- Debts after one year -€20,777
down €20,777 (-29.1%), from €71,473 to €50,696
of which Financial debts: -€20,777
- Other debts -€8,091
down €8,091 (-79.1%), from €10,231 to €2,139
- Current portion of long-term debt -€7,460
down €7,460 (-26.4%), from €28,236 to €20,777
- Depreciation +€23,824
up €23,824 (+107.9%), from €22,074 to €45,898
- Gross operating margin +€3,669
up €3,669 (+7.0%), from €52,233 to €55,902
- Financial income -€2,746
down €2,746 (-99.6%), from €2,757 to €11
- Taxes -€2,082
down €2,082 (-26.3%), from €7,924 to €5,843
- Financial charges +€598
up €598 (+22.0%), from €2,712 to €3,310
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 | €405,267 | €355,038 | -€50,229 | -12.4% |
| Fixed assets | 21/28 | €265,041 | €258,135 | -€6,906 | -2.6% |
| Tangible fixed assets | 22/27 | €265,041 | €258,135 | -€6,906 | -2.6% |
| Land and buildings | 22 | €131,970 | €123,650 | -€8,320 | -6.3% |
| Furniture and vehicles | 24 | €133,070 | €134,485 | +€1,415 | +1.1% |
| Current assets | 29/58 | €140,226 | €96,903 | -€43,323 | -30.9% |
| Amounts receivable within one year | 40/41 | €0 | €401 | +€401 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €401 | +€401 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €122,390 | €90,811 | -€31,578 | -25.8% |
| Deferred charges and accrued income | 490/1 | €17,836 | €5,691 | -€12,146 | -68.1% |
| Total equity and liabilities | 10/49 | €405,267 | €355,038 | -€50,229 | -12.4% |
| Equity | 10/15 | €256,402 | €250,686 | -€5,716 | -2.2% |
| Contributions | 10/11 | €14,827 | €14,827 | = | 0.0% |
| Reserves | 13 | €158,538 | €235,859 | +€77,321 | +48.8% |
| Distributable reserves | 133 | €158,538 | €235,859 | +€77,321 | +48.8% |
| Profit (loss) carried forward | 14 | €83,037 | €0 | -€83,037 | -100.0% |
| Amounts payable | 17/49 | €148,865 | €104,352 | -€44,513 | -29.9% |
| Amounts payable after more than one year | 17 | €71,473 | €50,696 | -€20,777 | -29.1% |
| Financial debts | 170/4 | €70,723 | €49,946 | -€20,777 | -29.4% |
| Other amounts payable | 178/9 | €750 | €750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,391 | €53,656 | -€23,736 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €28,236 | €20,777 | -€7,460 | -26.4% |
| Trade debts | 44 | €12,964 | €10,831 | -€2,134 | -16.5% |
| Suppliers | 440/4 | €12,964 | €10,831 | -€2,134 | -16.5% |
| Taxes, remuneration and social security | 45 | €25,960 | €19,909 | -€6,051 | -23.3% |
| Taxes | 450/3 | €25,960 | €19,909 | -€6,051 | -23.3% |
| Other amounts payable | 47/48 | €10,231 | €2,139 | -€8,091 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,074 | €45,898 | +€23,824 | +107.9% |
| Other operating charges | 640/8 | €7,043 | €6,580 | -€464 | -6.6% |
| Non-recurring operating charges | 66A | €17,801 | €0 | -€17,801 | -100.0% |
| Gross operating margin | 9900 | €52,233 | €55,902 | +€3,669 | +7.0% |
| Operating profit (loss) | 9901 | €5,315 | €3,425 | -€1,891 | -35.6% |
| Financial income | 75/76B | €2,757 | €11 | -€2,746 | -99.6% |
| Recurring financial income | 75 | €2,757 | €11 | -€2,746 | -99.6% |
| Financial charges | 65/66B | €2,712 | €3,310 | +€598 | +22.0% |
| Recurring financial charges | 65 | €2,712 | €3,310 | +€598 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €5,360 | €126 | -€5,234 | -97.6% |
| Income taxes | 67/77 | €7,924 | €5,843 | -€2,082 | -26.3% |
| Profit (loss) for the period | 9904 | -€2,564 | -€5,716 | -€3,152 | -122.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,564 | -€5,716 | -€3,152 | -122.9% |
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 4 October 2026 via checked.be.