BLUE EYE: 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 EYE
Largest movements
- Cash +€6,985
up €6,985 (+18.6%), from €37,453 to €44,438
mainly Net result for the year (+€12,522) and Depreciation (+€388)
- Deferred charges and accrued income +€561
up €561 (+25.5%), from €2,197 to €2,758
- Receivables within one year +€557
up €557 (+58.4%), from €953 to €1,510
of which Trade receivables: +€411
- Reserves +€11,689
up €11,689 (+273.0%), from €4,281 to €15,969
- Debts after one year -€2,100
down €2,100 (-19.4%), from €10,800 to €8,700
- Short-term financial debts -€995
down €995 (-98.4%), from €1,011 to €16
- Tax, wage and social debts -€894
down €894 (-26.3%), from €3,396 to €2,502
- Gross operating margin -€3,266
down €3,266 (-13.2%), from €24,675 to €21,409
- Taxes +€369
up €369 (+5.1%), from €7,285 to €7,654
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 | €41,283 | €49,147 | +€7,864 | +19.1% |
| Fixed assets | 21/28 | €679 | €441 | -€238 | -35.1% |
| Tangible fixed assets | 22/27 | €679 | €291 | -€388 | -57.2% |
| Furniture and vehicles | 24 | €679 | €291 | -€388 | -57.2% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €40,604 | €48,706 | +€8,103 | +20.0% |
| Amounts receivable within one year | 40/41 | €953 | €1,510 | +€557 | +58.4% |
| Trade receivables | 40 | €953 | €1,364 | +€411 | +43.1% |
| Other amounts receivable | 41 | €0 | €146 | +€146 | |
| Cash at bank and in hand | 54/58 | €37,453 | €44,438 | +€6,985 | +18.6% |
| Deferred charges and accrued income | 490/1 | €2,197 | €2,758 | +€561 | +25.5% |
| Total equity and liabilities | 10/49 | €41,283 | €49,147 | +€7,864 | +19.1% |
| Equity | 10/15 | €22,873 | €34,561 | +€11,689 | +51.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,281 | €15,969 | +€11,689 | +273.0% |
| Distributable reserves | 133 | €4,281 | €15,969 | +€11,689 | +273.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,410 | €14,586 | -€3,824 | -20.8% |
| Amounts payable after more than one year | 17 | €10,800 | €8,700 | -€2,100 | -19.4% |
| Other amounts payable | 178/9 | €10,800 | €8,700 | -€2,100 | -19.4% |
| Amounts payable within one year | 42/48 | €7,610 | €5,886 | -€1,724 | -22.7% |
| Financial debts | 43 | €1,011 | €16 | -€995 | -98.4% |
| Credit institutions | 430/8 | €1,011 | €16 | -€995 | -98.4% |
| Trade debts | 44 | €340 | €441 | +€101 | +29.7% |
| Suppliers | 440/4 | €340 | €441 | +€101 | +29.7% |
| Taxes, remuneration and social security | 45 | €3,396 | €2,502 | -€894 | -26.3% |
| Taxes | 450/3 | €3,396 | €2,502 | -€894 | -26.3% |
| Other amounts payable | 47/48 | €2,863 | €2,927 | +€64 | +2.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388 | €388 | +€0 | 0.0% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Gross operating margin | 9900 | €24,675 | €21,409 | -€3,266 | -13.2% |
| Operating profit (loss) | 9901 | €23,614 | €20,326 | -€3,288 | -13.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +7000.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +7000.0% |
| Financial charges | 65/66B | €146 | €151 | +€5 | +3.4% |
| Recurring financial charges | 65 | €146 | €151 | +€5 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €23,468 | €20,175 | -€3,293 | -14.0% |
| Income taxes | 67/77 | €7,285 | €7,654 | +€369 | +5.1% |
| Profit (loss) for the period | 9904 | €16,183 | €12,522 | -€3,661 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,183 | €12,522 | -€3,661 | -22.6% |
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 9 October 2026 via checked.be.