BLUE JAY: 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 JAY
Largest movements
- Tangible fixed assets -€23,156
down €23,156 (-96.1%), from €24,095 to €939
- Cash +€15,574
up €15,574 (+60.7%), from €25,637 to €41,210
mainly Investment in fixed assets (net) (+€21,900) and Net result for the year (+€21,816)
- Receivables within one year -€14,584
down €14,584 (-12.7%), from €114,915 to €100,331
of which Trade receivables: -€22,624
- Trade debts -€28,978
down €28,978 (-32.0%), from €90,603 to €61,626
- Profit (loss) carried forward +€21,816
up €21,816 (+9.7%), from €223,894 to €245,710
- Other debts -€8,774
down €8,774 (-100%), from €8,774 to €0
- Tax, wage and social debts -€6,231
down €6,231 (-65.4%), from €9,525 to €3,294
of which Taxes: -€4,831
- Gross operating margin +€38,841
up €38,841, from -€4,664 to €34,177
- Taxes +€8,256
new in 2025: €8,256
- Depreciation +€1,257
new in 2025: €1,257
- Financial charges +€1,119
up €1,119 (+90.6%), from €1,235 to €2,354
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 | €335,297 | €313,130 | -€22,167 | -6.6% |
| Fixed assets | 21/28 | €24,095 | €939 | -€23,156 | -96.1% |
| Tangible fixed assets | 22/27 | €24,095 | €939 | -€23,156 | -96.1% |
| Furniture and vehicles | 24 | €24,095 | €939 | -€23,156 | -96.1% |
| Current assets | 29/58 | €311,202 | €312,191 | +€989 | +0.3% |
| Amounts receivable after more than one year | 29 | €170,000 | €170,000 | = | 0.0% |
| Other amounts receivable | 291 | €170,000 | €170,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €114,915 | €100,331 | -€14,584 | -12.7% |
| Trade receivables | 40 | €69,521 | €46,897 | -€22,624 | -32.5% |
| Other amounts receivable | 41 | €45,394 | €53,433 | +€8,040 | +17.7% |
| Cash at bank and in hand | 54/58 | €25,637 | €41,210 | +€15,574 | +60.7% |
| Deferred charges and accrued income | 490/1 | €650 | €650 | = | 0.0% |
| Total equity and liabilities | 10/49 | €335,297 | €313,130 | -€22,167 | -6.6% |
| Equity | 10/15 | €226,394 | €248,210 | +€21,816 | +9.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €223,894 | €245,710 | +€21,816 | +9.7% |
| Amounts payable | 17/49 | €108,902 | €64,920 | -€43,983 | -40.4% |
| Amounts payable within one year | 42/48 | €108,902 | €64,920 | -€43,983 | -40.4% |
| Trade debts | 44 | €90,603 | €61,626 | -€28,978 | -32.0% |
| Suppliers | 440/4 | €90,603 | €61,626 | -€28,978 | -32.0% |
| Taxes, remuneration and social security | 45 | €9,525 | €3,294 | -€6,231 | -65.4% |
| Taxes | 450/3 | €8,125 | €3,294 | -€4,831 | -59.5% |
| Remuneration and social security | 454/9 | €1,400 | €0 | -€1,400 | -100% |
| Other amounts payable | 47/48 | €8,774 | €0 | -€8,774 | -100% |
| Remuneration, social security and pensions | 62 | €13 | €0 | -€13 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,257 | +€1,257 | |
| Other operating charges | 640/8 | €563 | €503 | -€60 | -10.7% |
| Gross operating margin | 9900 | -€4,664 | €34,177 | +€38,841 | |
| Operating profit (loss) | 9901 | -€5,239 | €32,418 | +€37,657 | |
| Financial income | 75/76B | €31 | €8 | -€23 | -73.6% |
| Recurring financial income | 75 | €31 | €8 | -€23 | -73.6% |
| Financial charges | 65/66B | €1,235 | €2,354 | +€1,119 | +90.6% |
| Recurring financial charges | 65 | €1,235 | €2,354 | +€1,119 | +90.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,443 | €30,072 | +€36,514 | |
| Income taxes | 67/77 | - | €8,256 | +€8,256 | |
| Profit (loss) for the period | 9904 | -€6,443 | €21,816 | +€28,258 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,443 | €21,816 | +€28,258 |
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.