Blue Five Management: 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 Five Management
Largest movements
- Current investments +€31,154
up €31,154 (+17.9%), from €173,962 to €205,115
- Tangible fixed assets +€28,000
up €28,000 (+80.5%), from €34,788 to €62,788
of which Furniture and vehicles: +€28,322
- Cash -€25,996
down €25,996 (-17.3%), from €150,292 to €124,296
mainly Debts after one year (-€70,593) and Investment in fixed assets (net) (-€41,747)
- Receivables within one year -€15,587
down €15,587 (-13.2%), from €117,867 to €102,280
of which Trade receivables: -€17,408
- Reserves +€104,370
up €104,370 (+24.1%), from €432,566 to €536,937
- Debts after one year -€70,593
down €70,593 (-20.4%), from €346,336 to €275,743
- Tax, wage and social debts -€22,987
down €22,987 (-31.6%), from €72,719 to €49,731
of which Taxes: -€23,204
- Gross operating margin -€208,896
down €208,896 (-45.5%), from €459,321 to €250,425
- Turnover -€143,000
down €143,000 (-22.4%), from €637,000 to €494,000
- Taxes -€69,338
down €69,338 (-56.9%), from €121,873 to €52,535
- Purchases and services +€67,003
up €67,003 (+32.9%), from €203,374 to €270,377
- Staff costs +€13,674
up €13,674 (+22.5%), from €60,777 to €74,451
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 | €1,452,859 | €1,468,999 | +€16,140 | +1.1% |
| Fixed assets | 21/28 | €1,004,536 | €1,032,536 | +€28,000 | +2.8% |
| Tangible fixed assets | 22/27 | €34,788 | €62,788 | +€28,000 | +80.5% |
| Plant, machinery and equipment | 23 | €456 | €134 | -€322 | -70.6% |
| Furniture and vehicles | 24 | €34,332 | €62,654 | +€28,322 | +82.5% |
| Financial fixed assets | 28 | €969,748 | €969,748 | = | 0.0% |
| Current assets | 29/58 | €448,323 | €436,464 | -€11,859 | -2.6% |
| Amounts receivable within one year | 40/41 | €117,867 | €102,280 | -€15,587 | -13.2% |
| Trade receivables | 40 | €65,493 | €48,085 | -€17,408 | -26.6% |
| Other amounts receivable | 41 | €52,374 | €54,195 | +€1,821 | +3.5% |
| Current investments | 50/53 | €173,962 | €205,115 | +€31,154 | +17.9% |
| Cash at bank and in hand | 54/58 | €150,292 | €124,296 | -€25,996 | -17.3% |
| Deferred charges and accrued income | 490/1 | €6,202 | €4,773 | -€1,429 | -23.0% |
| Total equity and liabilities | 10/49 | €1,452,859 | €1,468,999 | +€16,140 | +1.1% |
| Equity | 10/15 | €954,104 | €1,058,474 | +€104,370 | +10.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €432,566 | €536,937 | +€104,370 | +24.1% |
| Non-distributable reserves | 130/1 | €432,566 | €536,937 | +€104,370 | +24.1% |
| Reserves not available under the articles | 1311 | €432,566 | €536,937 | +€104,370 | +24.1% |
| Profit (loss) carried forward | 14 | €516,538 | €516,538 | = | 0.0% |
| Amounts payable | 17/49 | €498,755 | €410,525 | -€88,230 | -17.7% |
| Amounts payable after more than one year | 17 | €346,336 | €275,743 | -€70,593 | -20.4% |
| Financial debts | 170/4 | €346,336 | €275,743 | -€70,593 | -20.4% |
| Amounts payable within one year | 42/48 | €152,419 | €134,782 | -€17,637 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €71,291 | €70,593 | -€698 | -1.0% |
| Trade debts | 44 | €1,326 | €9,036 | +€7,709 | +581.3% |
| Suppliers | 440/4 | €1,326 | €9,036 | +€7,709 | +581.3% |
| Taxes, remuneration and social security | 45 | €72,719 | €49,731 | -€22,987 | -31.6% |
| Taxes | 450/3 | €66,627 | €43,423 | -€23,204 | -34.8% |
| Remuneration and social security | 454/9 | €6,091 | €6,308 | +€217 | +3.6% |
| Other amounts payable | 47/48 | €7,083 | €5,422 | -€1,661 | -23.5% |
| Turnover | 70 | €637,000 | €494,000 | -€143,000 | -22.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €203,374 | €270,377 | +€67,003 | +32.9% |
| Remuneration, social security and pensions | 62 | €60,777 | €74,451 | +€13,674 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,093 | €13,748 | +€2,654 | +23.9% |
| Other operating charges | 640/8 | €10,591 | €2,800 | -€7,791 | -73.6% |
| Non-recurring operating charges | 66A | - | €734 | +€734 | |
| Gross operating margin | 9900 | €459,321 | €250,425 | -€208,896 | -45.5% |
| Operating profit (loss) | 9901 | €376,860 | €158,692 | -€218,168 | -57.9% |
| Financial income | 75/76B | €1,196 | €2,975 | +€1,779 | +148.8% |
| Recurring financial income | 75 | €1,196 | €2,975 | +€1,779 | +148.8% |
| Financial charges | 65/66B | €4,886 | €4,761 | -€125 | -2.6% |
| Recurring financial charges | 65 | €4,886 | €4,761 | -€125 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €373,169 | €156,906 | -€216,264 | -58.0% |
| Income taxes | 67/77 | €121,873 | €52,535 | -€69,338 | -56.9% |
| Profit (loss) for the period | 9904 | €251,297 | €104,370 | -€146,926 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €251,297 | €104,370 | -€146,926 | -58.5% |
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 10 October 2026 via checked.be.