BLUE PEAK: 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 PEAK
Largest movements
- Cash +€175,106
up €175,106 (+48.3%), from €362,555 to €537,661
mainly Other debts (+€479,869) and Net result for the year (+€229,249)
- Receivables within one year +€31,285
up €31,285 (+22.5%), from €138,875 to €170,160
- Other debts +€479,869
up €479,869 (+8,553%), from €5,610 to €485,479
- Reserves -€286,205
down €286,205 (-26.1%), from €1.1m to €811,142
of which Distributable reserves: -€286,205
- Tax, wage and social debts +€15,014
up €15,014 (+41.4%), from €36,297 to €51,311
- Gross operating margin +€58,867
up €58,867 (+22.7%), from €259,035 to €317,903
- Financial income -€11,772
down €11,772 (-40.6%), from €28,991 to €17,219
- Taxes +€11,352
up €11,352 (+12.5%), from €90,460 to €101,812
- Financial charges -€11,070
down €11,070 (-87.3%), from €12,681 to €1,611
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 | €1,156,112 | €1,361,883 | +€205,771 | +17.8% |
| Fixed assets | 21/28 | €7,738 | €10,032 | +€2,294 | +29.6% |
| Tangible fixed assets | 22/27 | €7,738 | €10,032 | +€2,294 | +29.6% |
| Furniture and vehicles | 24 | €832 | €4,126 | +€3,294 | +396% |
| Other tangible fixed assets | 26 | €6,906 | €5,906 | -€1,000 | -14.5% |
| Current assets | 29/58 | €1,148,375 | €1,351,851 | +€203,477 | +17.7% |
| Amounts receivable after more than one year | 29 | €4,403 | €4,507 | +€104 | +2.4% |
| Other amounts receivable | 291 | €4,403 | €4,507 | +€104 | +2.4% |
| Amounts receivable within one year | 40/41 | €138,875 | €170,160 | +€31,285 | +22.5% |
| Trade receivables | 40 | €138,875 | €170,160 | +€31,285 | +22.5% |
| Current investments | 50/53 | €637,856 | €637,400 | -€456 | -0.1% |
| Cash at bank and in hand | 54/58 | €362,555 | €537,661 | +€175,106 | +48.3% |
| Deferred charges and accrued income | 490/1 | €4,685 | €2,122 | -€2,563 | -54.7% |
| Total equity and liabilities | 10/49 | €1,156,112 | €1,361,883 | +€205,771 | +17.8% |
| Equity | 10/15 | €1,109,747 | €823,542 | -€286,205 | -25.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,097,347 | €811,142 | -€286,205 | -26.1% |
| Tax-exempt reserves | 132 | €48 | €48 | = | 0.0% |
| Distributable reserves | 133 | €1,097,299 | €811,094 | -€286,205 | -26.1% |
| Amounts payable | 17/49 | €46,366 | €538,341 | +€491,975 | +1,061% |
| Amounts payable within one year | 42/48 | €45,333 | €537,804 | +€492,472 | +1,086% |
| Financial debts | 43 | €1,184 | - | -€1,184 | |
| Credit institutions | 430/8 | €1,184 | - | -€1,184 | |
| Trade debts | 44 | €2,242 | €1,014 | -€1,228 | -54.8% |
| Suppliers | 440/4 | €2,242 | €1,014 | -€1,228 | -54.8% |
| Taxes, remuneration and social security | 45 | €36,297 | €51,311 | +€15,014 | +41.4% |
| Taxes | 450/3 | €36,297 | €51,311 | +€15,014 | +41.4% |
| Other amounts payable | 47/48 | €5,610 | €485,479 | +€479,869 | +8,553% |
| Accrued charges and deferred income | 492/3 | €1,033 | €537 | -€496 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,688 | €1,211 | -€477 | -28.3% |
| Other operating charges | 640/8 | €433 | €1,239 | +€805 | +186% |
| Gross operating margin | 9900 | €259,035 | €317,903 | +€58,867 | +22.7% |
| Operating profit (loss) | 9901 | €256,914 | €315,453 | +€58,539 | +22.8% |
| Financial income | 75/76B | €28,991 | €17,219 | -€11,772 | -40.6% |
| Recurring financial income | 75 | €28,991 | €17,219 | -€11,772 | -40.6% |
| Financial charges | 65/66B | €12,681 | €1,611 | -€11,070 | -87.3% |
| Recurring financial charges | 65 | €12,681 | €1,611 | -€11,070 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | €273,224 | €331,061 | +€57,837 | +21.2% |
| Income taxes | 67/77 | €90,460 | €101,812 | +€11,352 | +12.5% |
| Profit (loss) for the period | 9904 | €182,764 | €229,249 | +€46,485 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €182,764 | €229,249 | +€46,485 | +25.4% |
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 16 October 2026 via checked.be.