BLUE JIBE: 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 JIBE
Largest movements
- Tangible fixed assets -€36,112
down €36,112 (-7.4%), from €486,770 to €450,658
of which Land and buildings: -€45,675
- Cash +€11,206
up €11,206 (+28.4%), from €39,471 to €50,677
mainly Depreciation (+€46,384) and Net result for the year (+€40,803)
- Debts after one year -€57,300
down €57,300 (-15.2%), from €377,362 to €320,062
- Reserves +€38,046
up €38,046 (+19.7%), from €193,465 to €231,510
- Tax, wage and social debts +€9,059
up €9,059 (+78.8%), from €11,498 to €20,558
of which Taxes: +€14,704
- Current portion of long-term debt -€8,406
down €8,406 (-14.5%), from €57,806 to €49,399
- Gross operating margin +€56,380
up €56,380 (+86.3%), from €65,319 to €121,699
- Taxes +€15,046
up €15,046 (+848%), from €1,774 to €16,821
- Financial charges -€1,784
down €1,784 (-8.9%), from €20,048 to €18,264
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 | €667,260 | €651,686 | -€15,574 | -2.3% |
| Fixed assets | 21/28 | €486,770 | €450,658 | -€36,112 | -7.4% |
| Tangible fixed assets | 22/27 | €486,770 | €450,658 | -€36,112 | -7.4% |
| Land and buildings | 22 | €481,357 | €435,682 | -€45,675 | -9.5% |
| Plant, machinery and equipment | 23 | €994 | €923 | -€71 | -7.1% |
| Furniture and vehicles | 24 | €1,318 | €4,978 | +€3,660 | +278% |
| Other tangible fixed assets | 26 | €3,100 | €9,074 | +€5,974 | +193% |
| Current assets | 29/58 | €180,491 | €201,028 | +€20,538 | +11.4% |
| Amounts receivable within one year | 40/41 | €114,925 | €121,183 | +€6,258 | +5.4% |
| Trade receivables | 40 | €22,212 | €0 | -€22,212 | -100% |
| Other amounts receivable | 41 | €92,713 | €121,183 | +€28,470 | +30.7% |
| Current investments | 50/53 | €23,453 | €26,453 | +€3,000 | +12.8% |
| Cash at bank and in hand | 54/58 | €39,471 | €50,677 | +€11,206 | +28.4% |
| Deferred charges and accrued income | 490/1 | €2,642 | €2,715 | +€73 | +2.8% |
| Total equity and liabilities | 10/49 | €667,260 | €651,686 | -€15,574 | -2.3% |
| Equity | 10/15 | €209,708 | €250,510 | +€40,803 | +19.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €193,465 | €231,510 | +€38,046 | +19.7% |
| Distributable reserves | 133 | €193,465 | €231,510 | +€38,046 | +19.7% |
| Profit (loss) carried forward | 14 | -€2,757 | €0 | +€2,757 | |
| Amounts payable | 17/49 | €457,553 | €401,176 | -€56,377 | -12.3% |
| Amounts payable after more than one year | 17 | €377,362 | €320,062 | -€57,300 | -15.2% |
| Financial debts | 170/4 | €377,362 | €320,062 | -€57,300 | -15.2% |
| Amounts payable within one year | 42/48 | €78,736 | €78,817 | +€80 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €57,806 | €49,399 | -€8,406 | -14.5% |
| Financial debts | 43 | €3,518 | €0 | -€3,518 | -100% |
| Credit institutions | 430/8 | €3,518 | €0 | -€3,518 | -100% |
| Trade debts | 44 | €5,914 | €6,829 | +€915 | +15.5% |
| Suppliers | 440/4 | €5,914 | €6,829 | +€915 | +15.5% |
| Taxes, remuneration and social security | 45 | €11,498 | €20,558 | +€9,059 | +78.8% |
| Taxes | 450/3 | €5,854 | €20,558 | +€14,704 | +251% |
| Remuneration and social security | 454/9 | €5,645 | €0 | -€5,645 | -100% |
| Other amounts payable | 47/48 | - | €2,032 | +€2,032 | |
| Accrued charges and deferred income | 492/3 | €1,454 | €2,296 | +€842 | +57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,524 | €46,384 | -€140 | -0.3% |
| Other operating charges | 640/8 | €4,205 | €4,145 | -€61 | -1.4% |
| Non-recurring operating charges | 66A | - | €534 | +€534 | |
| Gross operating margin | 9900 | €65,319 | €121,699 | +€56,380 | +86.3% |
| Operating profit (loss) | 9901 | €14,590 | €70,636 | +€56,046 | +384% |
| Financial income | 75/76B | €4,476 | €5,252 | +€776 | +17.3% |
| Recurring financial income | 75 | €4,476 | €5,252 | +€776 | +17.3% |
| Financial charges | 65/66B | €20,048 | €18,264 | -€1,784 | -8.9% |
| Recurring financial charges | 65 | €20,048 | €18,264 | -€1,784 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€983 | €57,624 | +€58,606 | |
| Income taxes | 67/77 | €1,774 | €16,821 | +€15,046 | +848% |
| Profit (loss) for the period | 9904 | -€2,757 | €40,803 | +€43,560 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,757 | €40,803 | +€43,560 |
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 27 October 2026 via checked.be.