Blue-Frontend: 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-Frontend
Largest movements
- Receivables within one year -€73,223
down €73,223 (-75.4%), from €97,077 to €23,854
of which Other amounts receivable: -€66,152
- Tangible fixed assets -€7,811
down €7,811 (-44.3%), from €17,625 to €9,814
- Reserves -€31,280
down €31,280 (-81.7%), from €38,301 to €7,021
- Other debts -€25,817
down €25,817 (-95.6%), from €27,000 to €1,183
- Short-term financial debts -€21,671
down €21,671 (-96.9%), from €22,374 to €704
- Debts after one year -€5,735
down €5,735 (-79.9%), from €7,182 to €1,446
- Trade debts +€4,485
up €4,485 (+415%), from €1,080 to €5,565
- Gross operating margin -€18,857
down €18,857 (-18.5%), from €101,885 to €83,028
- Staff costs +€7,117
up €7,117 (+11.3%), from €63,111 to €70,228
- Financial income -€1,058
down €1,058 (-32.9%), from €3,219 to €2,160
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
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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,895 | €42,793 | -€82,102 | -65.7% |
| Fixed assets | 21/28 | €24,303 | €16,492 | -€7,811 | -32.1% |
| Tangible fixed assets | 22/27 | €17,625 | €9,814 | -€7,811 | -44.3% |
| Furniture and vehicles | 24 | €17,625 | €9,814 | -€7,811 | -44.3% |
| Financial fixed assets | 28 | €6,678 | €6,678 | = | 0.0% |
| Current assets | 29/58 | €100,592 | €26,301 | -€74,291 | -73.9% |
| Amounts receivable within one year | 40/41 | €97,077 | €23,854 | -€73,223 | -75.4% |
| Trade receivables | 40 | €7,216 | €145 | -€7,071 | -98.0% |
| Other amounts receivable | 41 | €89,860 | €23,709 | -€66,152 | -73.6% |
| Deferred charges and accrued income | 490/1 | €3,515 | €2,447 | -€1,068 | -30.4% |
| Total equity and liabilities | 10/49 | €124,895 | €42,793 | -€82,102 | -65.7% |
| Equity | 10/15 | €44,501 | €13,221 | -€31,280 | -70.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,301 | €7,021 | -€31,280 | -81.7% |
| Distributable reserves | 133 | €38,301 | €7,021 | -€31,280 | -81.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,393 | €29,571 | -€50,822 | -63.2% |
| Amounts payable after more than one year | 17 | €7,182 | €1,446 | -€5,735 | -79.9% |
| Financial debts | 170/4 | €7,182 | €1,446 | -€5,735 | -79.9% |
| Amounts payable within one year | 42/48 | €73,212 | €27,863 | -€45,349 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €5,654 | €5,733 | +€79 | +1.4% |
| Financial debts | 43 | €22,374 | €704 | -€21,671 | -96.9% |
| Credit institutions | 430/8 | €22,374 | €704 | -€21,671 | -96.9% |
| Trade debts | 44 | €1,080 | €5,565 | +€4,485 | +415% |
| Suppliers | 440/4 | €1,080 | €5,565 | +€4,485 | +415% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,104 | €14,679 | -€2,425 | -14.2% |
| Taxes | 450/3 | €7,165 | €7,039 | -€126 | -1.8% |
| Remuneration and social security | 454/9 | €9,938 | €7,639 | -€2,299 | -23.1% |
| Other amounts payable | 47/48 | €27,000 | €1,183 | -€25,817 | -95.6% |
| Accrued charges and deferred income | 492/3 | €0 | €262 | +€262 | |
| Remuneration, social security and pensions | 62 | €63,111 | €70,228 | +€7,117 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,425 | €7,811 | -€613 | -7.3% |
| Other operating charges | 640/8 | €1,032 | €858 | -€174 | -16.9% |
| Non-recurring operating charges | 66A | €73 | €0 | -€73 | -100% |
| Gross operating margin | 9900 | €101,885 | €83,028 | -€18,857 | -18.5% |
| Operating profit (loss) | 9901 | €29,244 | €4,131 | -€25,113 | -85.9% |
| Financial income | 75/76B | €3,219 | €2,160 | -€1,058 | -32.9% |
| Recurring financial income | 75 | €3,219 | €2,160 | -€1,058 | -32.9% |
| Financial charges | 65/66B | €2,538 | €2,779 | +€240 | +9.5% |
| Recurring financial charges | 65 | €2,538 | €2,779 | +€240 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €29,924 | €3,512 | -€26,412 | -88.3% |
| Income taxes | 67/77 | €2,766 | €2,014 | -€752 | -27.2% |
| Profit (loss) for the period | 9904 | €27,158 | €1,498 | -€25,660 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,158 | €1,498 | -€25,660 | -94.5% |
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 16 October 2026 via checked.be.