Blue Expression: 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 Expression
Largest movements
- Current assets -€28,585
down €28,585 (-44.5%), from €64,248 to €35,663
of which Receivables within one year: -€37,230
- Tangible fixed assets +€6,926
new in 2019: €6,926
- Debts within one year -€41,911
down €41,911 (-79.6%), from €52,638 to €10,727
- Profit (loss) carried forward +€20,253
up €20,253 (+306.4%), from €6,610 to €26,862
- Gross operating margin -€57,289
down €57,289 (-65.8%), from €87,015 to €29,726
- Taxes -€24,543
down €24,543 (-81.4%), from €30,153 to €5,610
- Depreciation +€3,463
new in 2019: €3,463
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,248 | €42,589 | -€21,659 | -33.7% |
| Fixed assets | 21/28 | - | €6,926 | +€6,926 | |
| Tangible fixed assets | 22/27 | - | €6,926 | +€6,926 | |
| Current assets | 29/58 | €64,248 | €35,663 | -€28,585 | -44.5% |
| Amounts receivable within one year | 40/41 | €49,128 | €11,897 | -€37,230 | -75.8% |
| Cash at bank and in hand | 54/58 | €14,814 | €23,442 | +€8,628 | +58.2% |
| Total equity and liabilities | 10/49 | €64,248 | €42,589 | -€21,659 | -33.7% |
| Equity | 10/15 | €11,610 | €31,862 | +€20,253 | +174.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,610 | €26,862 | +€20,253 | +306.4% |
| Amounts payable | 17/49 | €52,638 | €10,727 | -€41,911 | -79.6% |
| Amounts payable within one year | 42/48 | €52,638 | €10,727 | -€41,911 | -79.6% |
| Trade debts | 44 | €1,487 | €500 | -€986 | -66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,463 | +€3,463 | |
| Gross operating margin | 9900 | €87,015 | €29,726 | -€57,289 | -65.8% |
| Operating profit (loss) | 9901 | €86,885 | €25,962 | -€60,924 | -70.1% |
| Recurring financial charges | 65 | €123 | €98 | -€24 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €86,763 | €25,863 | -€60,900 | -70.2% |
| Income taxes | 67/77 | €30,153 | €5,610 | -€24,543 | -81.4% |
| Profit (loss) for the period | 9904 | €56,610 | €20,253 | -€36,357 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,610 | €20,253 | -€36,357 | -64.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.