BLUE ELEPHANT SERVICES: 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 ELEPHANT SERVICES
Largest movements
- Cash -€42,661
down €42,661 (-33.8%), from €126,306 to €83,645
mainly Investment in fixed assets (net) (-€23,702) and Receivables within one year (-€22,356)
- Receivables within one year +€22,356
up €22,356 (+459%), from €4,871 to €27,228
of which Other amounts receivable: +€22,889
- Tangible fixed assets +€7,688
up €7,688 (+4.5%), from €172,682 to €180,370
of which Other tangible fixed assets: +€6,492
- Other debts -€16,478
no longer reported in 2025 (was €16,478)
- Reserves +€11,998
up €11,998 (+5.2%), from €232,211 to €244,209
of which Distributable reserves: +€11,998
- Accrued charges and deferred income -€5,831
down €5,831 (-62.2%), from €9,367 to €3,536
- Trade debts -€3,450
down €3,450 (-38.7%), from €8,913 to €5,463
- Gross operating margin +€16,277
up €16,277 (+34.2%), from €47,531 to €63,808
- Taxes +€14,159
up €14,159, from -€3,227 to €10,932
- Financial income -€13,874
down €13,874 (-97.9%), from €14,170 to €296
- Staff costs +€8,926
up €8,926 (+83.7%), from €10,663 to €19,589
- Provisions -€6,000
no longer reported in 2025 (was €6,000)
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 | €312,709 | €298,734 | -€13,974 | -4.5% |
| Fixed assets | 21/28 | €172,682 | €180,370 | +€7,688 | +4.5% |
| Tangible fixed assets | 22/27 | €172,682 | €180,370 | +€7,688 | +4.5% |
| Land and buildings | 22 | €160,834 | €162,773 | +€1,939 | +1.2% |
| Plant, machinery and equipment | 23 | €1,935 | €1,191 | -€743 | -38.4% |
| Other tangible fixed assets | 26 | €9,913 | €16,405 | +€6,492 | +65.5% |
| Current assets | 29/58 | €140,027 | €118,365 | -€21,662 | -15.5% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,871 | €27,228 | +€22,356 | +459% |
| Trade receivables | 40 | €4,250 | €3,717 | -€533 | -12.5% |
| Other amounts receivable | 41 | €621 | €23,511 | +€22,889 | +3,683% |
| Cash at bank and in hand | 54/58 | €126,306 | €83,645 | -€42,661 | -33.8% |
| Deferred charges and accrued income | 490/1 | €7,349 | €5,992 | -€1,357 | -18.5% |
| Total equity and liabilities | 10/49 | €312,709 | €298,734 | -€13,974 | -4.5% |
| Equity | 10/15 | €253,264 | €262,759 | +€9,495 | +3.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €232,211 | €244,209 | +€11,998 | +5.2% |
| Tax-exempt reserves | 132 | €2,520 | €2,520 | = | 0.0% |
| Distributable reserves | 133 | €229,691 | €241,689 | +€11,998 | +5.2% |
| Profit (loss) carried forward | 14 | €2,503 | - | -€2,503 | |
| Provisions and deferred taxes | 16 | €6,000 | €6,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €6,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable | 17/49 | €53,445 | €29,976 | -€23,469 | -43.9% |
| Amounts payable within one year | 42/48 | €44,077 | €26,439 | -€17,638 | -40.0% |
| Trade debts | 44 | €8,913 | €5,463 | -€3,450 | -38.7% |
| Suppliers | 440/4 | €8,913 | €5,463 | -€3,450 | -38.7% |
| Taxes, remuneration and social security | 45 | €18,686 | €20,976 | +€2,290 | +12.3% |
| Taxes | 450/3 | €16,445 | €17,422 | +€977 | +5.9% |
| Remuneration and social security | 454/9 | €2,242 | €3,555 | +€1,313 | +58.6% |
| Other amounts payable | 47/48 | €16,478 | - | -€16,478 | |
| Accrued charges and deferred income | 492/3 | €9,367 | €3,536 | -€5,831 | -62.2% |
| Remuneration, social security and pensions | 62 | €10,663 | €19,589 | +€8,926 | +83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,466 | €16,014 | +€548 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €413 | +€413 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €6,000 | - | -€6,000 | |
| Other operating charges | 640/8 | €5,062 | €6,471 | +€1,409 | +27.8% |
| Gross operating margin | 9900 | €47,531 | €63,808 | +€16,277 | +34.2% |
| Operating profit (loss) | 9901 | €10,340 | €21,321 | +€10,981 | +106% |
| Financial income | 75/76B | €14,170 | €296 | -€13,874 | -97.9% |
| Recurring financial income | 75 | €14,170 | €296 | -€13,874 | -97.9% |
| Financial charges | 65/66B | €835 | €1,191 | +€356 | +42.7% |
| Recurring financial charges | 65 | €835 | €1,191 | +€356 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €23,675 | €20,426 | -€3,249 | -13.7% |
| Income taxes | 67/77 | -€3,227 | €10,932 | +€14,159 | |
| Profit (loss) for the period | 9904 | €26,903 | €9,495 | -€17,408 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,903 | €9,495 | -€17,408 | -64.7% |
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 26 October 2026 via checked.be.