BLUE FOX SOLUTIONS: 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 FOX SOLUTIONS
Largest movements
- Receivables within one year -€42,494
down €42,494 (-58.6%), from €72,467 to €29,973
of which Trade receivables: -€46,309
- Current investments +€12,613
up €12,613 (+47.8%), from €26,377 to €38,990
- Cash -€6,179
down €6,179 (-10.3%), from €60,156 to €53,977
mainly Contributions, distributions and other (-€58,844) and Other debts (-€25,596)
- Other debts -€25,596
down €25,596 (-22.4%), from €114,450 to €88,854
- Debts after one year -€11,180
down €11,180 (-6.5%), from €171,279 to €160,098
- Financial income +€11,737
up €11,737 (+3,101%), from €378 to €12,115
- Gross operating margin -€6,480
down €6,480 (-8.6%), from €75,226 to €68,746
- Taxes -€5,034
down €5,034 (-36.1%), from €13,931 to €8,897
- Financial charges +€1,327
up €1,327 (+41.5%), from €3,197 to €4,524
- Depreciation +€827
up €827 (+13.8%), from €5,972 to €6,799
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 | €335,109 | €301,837 | -€33,272 | -9.9% |
| Fixed assets | 21/28 | €176,108 | €178,896 | +€2,788 | +1.6% |
| Tangible fixed assets | 22/27 | €171,108 | €173,896 | +€2,788 | +1.6% |
| Land and buildings | 22 | €171,108 | €164,916 | -€6,192 | -3.6% |
| Plant, machinery and equipment | 23 | - | €8,980 | +€8,980 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €159,000 | €122,940 | -€36,060 | -22.7% |
| Amounts receivable within one year | 40/41 | €72,467 | €29,973 | -€42,494 | -58.6% |
| Trade receivables | 40 | €61,372 | €15,063 | -€46,309 | -75.5% |
| Other amounts receivable | 41 | €11,095 | €14,910 | +€3,815 | +34.4% |
| Current investments | 50/53 | €26,377 | €38,990 | +€12,613 | +47.8% |
| Cash at bank and in hand | 54/58 | €60,156 | €53,977 | -€6,179 | -10.3% |
| Total equity and liabilities | 10/49 | €335,109 | €301,837 | -€33,272 | -9.9% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €314,649 | €281,377 | -€33,272 | -10.6% |
| Amounts payable after more than one year | 17 | €171,279 | €160,098 | -€11,180 | -6.5% |
| Financial debts | 170/4 | €171,279 | €160,098 | -€11,180 | -6.5% |
| Amounts payable within one year | 42/48 | €143,370 | €121,279 | -€22,091 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €11,007 | €12,866 | +€1,858 | +16.9% |
| Trade debts | 44 | €1,278 | €653 | -€626 | -48.9% |
| Suppliers | 440/4 | €1,278 | €653 | -€626 | -48.9% |
| Taxes, remuneration and social security | 45 | €16,635 | €18,907 | +€2,272 | +13.7% |
| Taxes | 450/3 | €9,870 | €14,397 | +€4,527 | +45.9% |
| Remuneration and social security | 454/9 | €6,765 | €4,510 | -€2,255 | -33.3% |
| Other amounts payable | 47/48 | €114,450 | €88,854 | -€25,596 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,972 | €6,799 | +€827 | +13.8% |
| Other operating charges | 640/8 | €1,874 | €1,797 | -€77 | -4.1% |
| Gross operating margin | 9900 | €75,226 | €68,746 | -€6,480 | -8.6% |
| Operating profit (loss) | 9901 | €67,380 | €60,150 | -€7,230 | -10.7% |
| Financial income | 75/76B | €378 | €12,115 | +€11,737 | +3,101% |
| Recurring financial income | 75 | €378 | €12,115 | +€11,737 | +3,101% |
| Financial charges | 65/66B | €3,197 | €4,524 | +€1,327 | +41.5% |
| Recurring financial charges | 65 | €3,197 | €4,524 | +€1,327 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €64,561 | €67,741 | +€3,180 | +4.9% |
| Income taxes | 67/77 | €13,931 | €8,897 | -€5,034 | -36.1% |
| Profit (loss) for the period | 9904 | €50,630 | €58,844 | +€8,214 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,630 | €58,844 | +€8,214 | +16.2% |
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 18 October 2026 via checked.be.