BLUE ORBIT: 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 ORBIT
Largest movements
- Current investments +€22,965
new in 2025: €22,965
- Cash -€22,075
no longer reported in 2025 (was €22,075)
mainly Current investments (-€22,965) and Investment in fixed assets (net) (-€3,180)
- Receivables within one year -€1,880
down €1,880 (-58.4%), from €3,217 to €1,337
of which Trade receivables: -€1,930
- Tangible fixed assets +€706
up €706 (+8.0%), from €8,844 to €9,550
- Trade debts -€371
down €371 (-17.4%), from €2,128 to €1,757
of which Bills of exchange payable: -€2,128
- Depreciation +€563
up €563 (+29.5%), from €1,911 to €2,474
- Gross operating margin +€267
up €267 (+7.2%), from €3,711 to €3,978
- Other operating charges -€185
down €185 (-26.1%), from €707 to €522
- Financial charges +€61
up €61 (+7.4%), from €834 to €895
of which Non-recurring financial charges: +€895
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 | €34,261 | €33,976 | -€284 | -0.8% |
| Fixed assets | 21/28 | €8,969 | €9,675 | +€706 | +7.9% |
| Tangible fixed assets | 22/27 | €8,844 | €9,550 | +€706 | +8.0% |
| Land and buildings | 22 | €8,844 | €9,550 | +€706 | +8.0% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €25,292 | €24,302 | -€990 | -3.9% |
| Amounts receivable within one year | 40/41 | €3,217 | €1,337 | -€1,880 | -58.4% |
| Trade receivables | 40 | €3,035 | €1,105 | -€1,930 | -63.6% |
| Other amounts receivable | 41 | €182 | €232 | +€50 | +27.3% |
| Current investments | 50/53 | - | €22,965 | +€22,965 | |
| Cash at bank and in hand | 54/58 | €22,075 | - | -€22,075 | |
| Total equity and liabilities | 10/49 | €34,261 | €33,976 | -€284 | -0.8% |
| Equity | 10/15 | €32,132 | €32,219 | +€86 | +0.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €13,025 | €13,025 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €11,170 | €11,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | €557 | €644 | +€86 | +15.5% |
| Amounts payable | 17/49 | €2,128 | €1,757 | -€371 | -17.4% |
| Amounts payable within one year | 42/48 | €2,128 | €1,757 | -€371 | -17.4% |
| Trade debts | 44 | €2,128 | €1,757 | -€371 | -17.4% |
| Suppliers | 440/4 | - | €1,757 | +€1,757 | |
| Bills of exchange payable | 441 | €2,128 | - | -€2,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,911 | €2,474 | +€563 | +29.5% |
| Other operating charges | 640/8 | €707 | €522 | -€185 | -26.1% |
| Gross operating margin | 9900 | €3,711 | €3,978 | +€267 | +7.2% |
| Operating profit (loss) | 9901 | €1,093 | €982 | -€111 | -10.2% |
| Financial charges | 65/66B | €834 | €895 | +€61 | +7.4% |
| Recurring financial charges | 65 | €834 | €895 | +€61 | +7.4% |
| Non-recurring financial charges | 66B | - | €895 | +€895 | |
| Profit (loss) for the period before taxes | 9903 | €259 | €86 | -€173 | -66.6% |
| Profit (loss) for the period | 9904 | €259 | €86 | -€173 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €259 | €86 | -€173 | -66.6% |
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 10 October 2026 via checked.be.