Blue Fyre: 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 Fyre
Largest movements
- Deferred charges and accrued income +€10,815
up €10,815 (+1698.7%), from €637 to €11,451
- Cash +€9,438
up €9,438 (+16.2%), from €58,330 to €67,768
mainly Tax, wage and social debts (+€15,508) and Net result for the year (+€7,534)
- Receivables within one year -€4,913
down €4,913 (-21.4%), from €22,913 to €18,000
- Tangible fixed assets +€1,249
up €1,249 (+11.2%), from €11,138 to €12,388
of which Other tangible fixed assets: +€2,879
- Tax, wage and social debts +€15,508
up €15,508 (+68.8%), from €22,527 to €38,035
of which Taxes: +€14,508
- Other debts -€8,177
down €8,177 (-76.3%), from €10,720 to €2,543
- Reserves +€7,534
up €7,534 (+14.6%), from €51,510 to €59,044
- Trade debts +€1,723
up €1,723 (+52.8%), from €3,261 to €4,985
- Gross operating margin -€52,143
down €52,143 (-65.8%), from €79,210 to €27,067
- Taxes -€16,323
down €16,323 (-81.9%), from €19,926 to €3,603
- Other operating charges -€2,212
down €2,212 (-72.0%), from €3,074 to €862
- Depreciation +€2,173
up €2,173 (+108.0%), from €2,013 to €4,186
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 | €93,018 | €109,607 | +€16,589 | +17.8% |
| Fixed assets | 21/28 | €11,138 | €12,388 | +€1,249 | +11.2% |
| Tangible fixed assets | 22/27 | €11,138 | €12,388 | +€1,249 | +11.2% |
| Plant, machinery and equipment | 23 | €9,152 | €5,676 | -€3,476 | -38.0% |
| Furniture and vehicles | 24 | €1,986 | €3,833 | +€1,847 | +93.0% |
| Other tangible fixed assets | 26 | - | €2,879 | +€2,879 | |
| Current assets | 29/58 | €81,880 | €97,220 | +€15,340 | +18.7% |
| Amounts receivable within one year | 40/41 | €22,913 | €18,000 | -€4,913 | -21.4% |
| Trade receivables | 40 | €22,913 | €18,000 | -€4,913 | -21.4% |
| Cash at bank and in hand | 54/58 | €58,330 | €67,768 | +€9,438 | +16.2% |
| Deferred charges and accrued income | 490/1 | €637 | €11,451 | +€10,815 | +1698.7% |
| Total equity and liabilities | 10/49 | €93,018 | €109,607 | +€16,589 | +17.8% |
| Equity | 10/15 | €56,510 | €64,044 | +€7,534 | +13.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,510 | €59,044 | +€7,534 | +14.6% |
| Distributable reserves | 133 | €51,510 | €59,044 | +€7,534 | +14.6% |
| Amounts payable | 17/49 | €36,508 | €45,563 | +€9,055 | +24.8% |
| Amounts payable within one year | 42/48 | €36,508 | €45,563 | +€9,055 | +24.8% |
| Trade debts | 44 | €3,261 | €4,985 | +€1,723 | +52.8% |
| Suppliers | 440/4 | €3,261 | €4,985 | +€1,723 | +52.8% |
| Taxes, remuneration and social security | 45 | €22,527 | €38,035 | +€15,508 | +68.8% |
| Taxes | 450/3 | €22,527 | €37,035 | +€14,508 | +64.4% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €10,720 | €2,543 | -€8,177 | -76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,013 | €4,186 | +€2,173 | +108.0% |
| Other operating charges | 640/8 | €3,074 | €862 | -€2,212 | -72.0% |
| Non-recurring operating charges | 66A | - | €8,233 | +€8,233 | |
| Gross operating margin | 9900 | €79,210 | €27,067 | -€52,143 | -65.8% |
| Operating profit (loss) | 9901 | €74,122 | €13,785 | -€60,337 | -81.4% |
| Financial charges | 65/66B | €2,687 | €2,648 | -€39 | -1.5% |
| Recurring financial charges | 65 | €2,687 | €2,648 | -€39 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €71,436 | €11,138 | -€60,298 | -84.4% |
| Income taxes | 67/77 | €19,926 | €3,603 | -€16,323 | -81.9% |
| Profit (loss) for the period | 9904 | €51,510 | €7,534 | -€43,976 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,510 | €7,534 | -€43,976 | -85.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.