Blue Jam: 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 Jam
Largest movements
- Tangible fixed assets +€388,584
up €388,584 (+120%), from €323,510 to €712,095
of which Land and buildings: +€416,660
- Cash -€23,404
down €23,404 (-15.2%), from €154,347 to €130,943
mainly Investment in fixed assets (net) (-€445,381) and Other debts (-€47,232)
- Deferred charges and accrued income -€14,763
down €14,763 (-48.0%), from €30,749 to €15,987
- Debts after one year +€256,497
up €256,497 (+208%), from €123,116 to €379,613
of which Financial debts: +€260,337
- Trade debts +€83,638
up €83,638 (+101%), from €83,127 to €166,765
- Other debts -€47,232
no longer reported in 2025 (was €47,232)
- Profit (loss) carried forward +€31,180
up €31,180 (+23.7%), from €131,709 to €162,889
- Current portion of long-term debt +€30,199
up €30,199 (+60.5%), from €49,926 to €80,125
- Other operating charges +€57,135
up €57,135 (+696%), from €8,205 to €65,341
- Staff costs +€51,827
up €51,827 (+8.0%), from €644,977 to €696,804
- Taxes -€30,196
down €30,196 (-75.6%), from €39,923 to €9,727
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 | €610,734 | €954,317 | +€343,583 | +56.3% |
| Fixed assets | 21/28 | €323,510 | €712,095 | +€388,584 | +120% |
| Tangible fixed assets | 22/27 | €323,510 | €712,095 | +€388,584 | +120% |
| Land and buildings | 22 | - | €416,660 | +€416,660 | |
| Plant, machinery and equipment | 23 | €156,515 | €142,100 | -€14,414 | -9.2% |
| Furniture and vehicles | 24 | €25,020 | €21,959 | -€3,061 | -12.2% |
| Leasing and similar rights | 25 | €33,393 | €24,737 | -€8,657 | -25.9% |
| Other tangible fixed assets | 26 | €108,582 | €106,639 | -€1,944 | -1.8% |
| Current assets | 29/58 | €287,223 | €242,222 | -€45,001 | -15.7% |
| Amounts receivable after more than one year | 29 | €4,000 | - | -€4,000 | |
| Trade receivables | 290 | €4,000 | - | -€4,000 | |
| Stocks and contracts in progress | 3 | €24,523 | €26,585 | +€2,062 | +8.4% |
| Stocks | 30/36 | €24,523 | €26,585 | +€2,062 | +8.4% |
| Amounts receivable within one year | 40/41 | €73,603 | €68,706 | -€4,897 | -6.7% |
| Trade receivables | 40 | €67,384 | €30,092 | -€37,292 | -55.3% |
| Other amounts receivable | 41 | €6,219 | €38,614 | +€32,395 | +521% |
| Cash at bank and in hand | 54/58 | €154,347 | €130,943 | -€23,404 | -15.2% |
| Deferred charges and accrued income | 490/1 | €30,749 | €15,987 | -€14,763 | -48.0% |
| Total equity and liabilities | 10/49 | €610,734 | €954,317 | +€343,583 | +56.3% |
| Equity | 10/15 | €180,779 | €211,959 | +€31,180 | +17.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €39,070 | €39,070 | = | 0.0% |
| Distributable reserves | 133 | €39,070 | €39,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,709 | €162,889 | +€31,180 | +23.7% |
| Amounts payable | 17/49 | €429,954 | €742,358 | +€312,403 | +72.7% |
| Amounts payable after more than one year | 17 | €123,116 | €379,613 | +€256,497 | +208% |
| Financial debts | 170/4 | €116,726 | €377,063 | +€260,337 | +223% |
| Other amounts payable | 178/9 | €6,390 | €2,550 | -€3,840 | -60.1% |
| Amounts payable within one year | 42/48 | €306,807 | €362,698 | +€55,891 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €49,926 | €80,125 | +€30,199 | +60.5% |
| Financial debts | 43 | €17,687 | €6,336 | -€11,351 | -64.2% |
| Credit institutions | 430/8 | €17,687 | €6,336 | -€11,351 | -64.2% |
| Trade debts | 44 | €83,127 | €166,765 | +€83,638 | +101% |
| Suppliers | 440/4 | €83,127 | €166,765 | +€83,638 | +101% |
| Taxes, remuneration and social security | 45 | €108,836 | €109,473 | +€636 | +0.6% |
| Taxes | 450/3 | €29,454 | €30,110 | +€655 | +2.2% |
| Remuneration and social security | 454/9 | €79,382 | €79,363 | -€19 | 0.0% |
| Other amounts payable | 47/48 | €47,232 | - | -€47,232 | |
| Accrued charges and deferred income | 492/3 | €31 | €46 | +€15 | +47.5% |
| Non-recurring operating income | 76A | €142 | €7,133 | +€6,990 | +4,911% |
| Remuneration, social security and pensions | 62 | €644,977 | €696,804 | +€51,827 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,019 | €56,797 | +€7,778 | +15.9% |
| Other operating charges | 640/8 | €8,205 | €65,341 | +€57,135 | +696% |
| Gross operating margin | 9900 | €901,733 | €895,571 | -€6,162 | -0.7% |
| Operating profit (loss) | 9901 | €199,532 | €76,629 | -€122,902 | -61.6% |
| Financial charges | 65/66B | €28,256 | €35,722 | +€7,466 | +26.4% |
| Recurring financial charges | 65 | €28,256 | €35,722 | +€7,466 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €171,276 | €40,907 | -€130,369 | -76.1% |
| Income taxes | 67/77 | €39,923 | €9,727 | -€30,196 | -75.6% |
| Profit (loss) for the period | 9904 | €131,353 | €31,180 | -€100,173 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €131,353 | €31,180 | -€100,173 | -76.3% |
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 15 October 2026 via checked.be.