BLUE FIN: 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 FIN
Largest movements
- Cash +€4,172
up €4,172 (+31.0%), from €13,476 to €17,649
mainly Receivables within one year (+€3,435) and Depreciation (+€1,595)
- Receivables within one year -€3,435
down €3,435 (-19.9%), from €17,260 to €13,825
of which Trade receivables: -€7,260
- Tangible fixed assets -€1,595
down €1,595 (-51.9%), from €3,075 to €1,480
- Tax, wage and social debts -€1,956
down €1,956 (-51.2%), from €3,817 to €1,861
- Reserves +€1,108
up €1,108 (+13.3%), from €8,357 to €9,465
- Gross operating margin +€12,208
up €12,208, from -€8,600 to €3,608
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 | €34,125 | €32,953 | -€1,172 | -3.4% |
| Fixed assets | 21/28 | €3,075 | €1,480 | -€1,595 | -51.9% |
| Tangible fixed assets | 22/27 | €3,075 | €1,480 | -€1,595 | -51.9% |
| Furniture and vehicles | 24 | €3,075 | €1,480 | -€1,595 | -51.9% |
| Current assets | 29/58 | €31,051 | €31,474 | +€423 | +1.4% |
| Amounts receivable within one year | 40/41 | €17,260 | €13,825 | -€3,435 | -19.9% |
| Trade receivables | 40 | €17,260 | €10,000 | -€7,260 | -42.1% |
| Other amounts receivable | 41 | €0 | €3,825 | +€3,825 | |
| Cash at bank and in hand | 54/58 | €13,476 | €17,649 | +€4,172 | +31.0% |
| Deferred charges and accrued income | 490/1 | €314 | €0 | -€314 | -100.0% |
| Total equity and liabilities | 10/49 | €34,125 | €32,953 | -€1,172 | -3.4% |
| Equity | 10/15 | €28,817 | €29,925 | +€1,108 | +3.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €8,357 | €9,465 | +€1,108 | +13.3% |
| Distributable reserves | 133 | €8,357 | €9,465 | +€1,108 | +13.3% |
| Amounts payable | 17/49 | €5,308 | €3,028 | -€2,280 | -42.9% |
| Amounts payable within one year | 42/48 | €5,308 | €3,028 | -€2,280 | -42.9% |
| Trade debts | 44 | €1,440 | €1,109 | -€331 | -23.0% |
| Suppliers | 440/4 | €1,440 | €1,109 | -€331 | -23.0% |
| Taxes, remuneration and social security | 45 | €3,817 | €1,861 | -€1,956 | -51.2% |
| Taxes | 450/3 | €3,817 | €1,861 | -€1,956 | -51.2% |
| Other amounts payable | 47/48 | €51 | €59 | +€8 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,566 | €1,595 | +€29 | +1.8% |
| Other operating charges | 640/8 | €653 | €672 | +€19 | +3.0% |
| Gross operating margin | 9900 | -€8,600 | €3,608 | +€12,208 | |
| Operating profit (loss) | 9901 | -€10,819 | €1,341 | +€12,160 | |
| Financial charges | 65/66B | €29 | €58 | +€29 | +102.8% |
| Recurring financial charges | 65 | €29 | €58 | +€29 | +102.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,848 | €1,283 | +€12,131 | |
| Income taxes | 67/77 | €174 | €175 | +€1 | +0.6% |
| Profit (loss) for the period | 9904 | -€11,022 | €1,108 | +€12,130 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,022 | €1,108 | +€12,130 |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.