Blue Orqa: 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 Orqa
Largest movements
- Receivables within one year +€39,043
up €39,043 (+349.6%), from €11,168 to €50,211
of which Other amounts receivable: +€37,066
- Tangible fixed assets +€3,729
up €3,729 (+1072.3%), from €348 to €4,077
- Profit (loss) carried forward +€45,708
new in 2025: €45,708
- Other debts -€3,197
no longer reported in 2025 (was €3,197)
- Gross operating margin +€8,597
up €8,597 (+16.6%), from €51,662 to €60,259
- Taxes +€1,789
up €1,789 (+15.7%), from €11,378 to €13,167
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 | €105,946 | €149,961 | +€44,015 | +41.5% |
| Fixed assets | 21/28 | €348 | €4,077 | +€3,729 | +1072.3% |
| Tangible fixed assets | 22/27 | €348 | €4,077 | +€3,729 | +1072.3% |
| Furniture and vehicles | 24 | €348 | €4,077 | +€3,729 | +1072.3% |
| Current assets | 29/58 | €105,599 | €145,884 | +€40,286 | +38.1% |
| Amounts receivable within one year | 40/41 | €11,168 | €50,211 | +€39,043 | +349.6% |
| Trade receivables | 40 | €11,168 | €13,145 | +€1,977 | +17.7% |
| Other amounts receivable | 41 | - | €37,066 | +€37,066 | |
| Current investments | 50/53 | €71,651 | €73,000 | +€1,349 | +1.9% |
| Cash at bank and in hand | 54/58 | €19,923 | €19,482 | -€442 | -2.2% |
| Deferred charges and accrued income | 490/1 | €2,856 | €3,192 | +€336 | +11.8% |
| Total equity and liabilities | 10/49 | €105,946 | €149,961 | +€44,015 | +41.5% |
| Equity | 10/15 | €84,258 | €129,966 | +€45,708 | +54.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €79,258 | €79,258 | = | 0.0% |
| Distributable reserves | 133 | €79,258 | €79,258 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €45,708 | +€45,708 | |
| Amounts payable | 17/49 | €21,688 | €19,996 | -€1,693 | -7.8% |
| Amounts payable within one year | 42/48 | €21,688 | €19,996 | -€1,693 | -7.8% |
| Financial debts | 43 | €4 | €4 | +€0 | +6.5% |
| Credit institutions | 430/8 | €4 | €4 | +€0 | +6.5% |
| Trade debts | 44 | €559 | €654 | +€95 | +17.0% |
| Suppliers | 440/4 | €559 | €654 | +€95 | +17.0% |
| Taxes, remuneration and social security | 45 | €17,929 | €19,338 | +€1,409 | +7.9% |
| Taxes | 450/3 | €17,929 | €19,338 | +€1,409 | +7.9% |
| Other amounts payable | 47/48 | €3,197 | - | -€3,197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €389 | €654 | +€265 | +68.0% |
| Other operating charges | 640/8 | €546 | €677 | +€131 | +24.0% |
| Gross operating margin | 9900 | €51,662 | €60,259 | +€8,597 | +16.6% |
| Operating profit (loss) | 9901 | €50,726 | €58,928 | +€8,201 | +16.2% |
| Financial income | 75/76B | €13 | €454 | +€441 | +3268.4% |
| Recurring financial income | 75 | €13 | €454 | +€441 | +3268.4% |
| Financial charges | 65/66B | €995 | €507 | -€487 | -49.0% |
| Recurring financial charges | 65 | €995 | €507 | -€487 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €49,745 | €58,875 | +€9,130 | +18.4% |
| Income taxes | 67/77 | €11,378 | €13,167 | +€1,789 | +15.7% |
| Profit (loss) for the period | 9904 | €38,367 | €45,708 | +€7,341 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,367 | €45,708 | +€7,341 | +19.1% |
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 6 October 2026 via checked.be.