BLUE PHOENIX: 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 PHOENIX
Largest movements
- Tangible fixed assets -€9,704
down €9,704 (-99.4%), from €9,764 to €60
- Cash -€808
down €808 (-63.6%), from €1,269 to €461
mainly Net result for the year (-€8,535) and Other debts (-€2,000)
- Receivables after one year -€258
no longer reported in 2025 (was €258)
- Profit (loss) carried forward -€8,820
down €8,820 (-279.6%), from -€3,154 to -€11,974
- Other debts -€2,000
down €2,000 (-16.4%), from €12,165 to €10,165
- Other operating charges +€148
up €148 (+75.6%), from €196 to €344
- Gross operating margin -€126
down €126 (-34.8%), from -€362 to -€487
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 | €11,291 | €521 | -€10,770 | -95.4% |
| Fixed assets | 21/28 | €9,764 | €60 | -€9,704 | -99.4% |
| Tangible fixed assets | 22/27 | €9,764 | €60 | -€9,704 | -99.4% |
| Furniture and vehicles | 24 | €9,764 | €60 | -€9,704 | -99.4% |
| Current assets | 29/58 | €1,527 | €461 | -€1,066 | -69.8% |
| Amounts receivable after more than one year | 29 | €258 | - | -€258 | |
| Other amounts receivable | 291 | €258 | - | -€258 | |
| Cash at bank and in hand | 54/58 | €1,269 | €461 | -€808 | -63.6% |
| Total equity and liabilities | 10/49 | €11,291 | €521 | -€10,770 | -95.4% |
| Equity | 10/15 | -€1,154 | -€9,974 | -€8,820 | -764.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,154 | -€11,974 | -€8,820 | -279.6% |
| Amounts payable | 17/49 | €12,445 | €10,495 | -€1,950 | -15.7% |
| Amounts payable within one year | 42/48 | €12,165 | €10,165 | -€2,000 | -16.4% |
| Other amounts payable | 47/48 | €12,165 | €10,165 | -€2,000 | -16.4% |
| Accrued charges and deferred income | 492/3 | €280 | €330 | +€50 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60 | €60 | = | 0.0% |
| Other operating charges | 640/8 | €196 | €344 | +€148 | +75.6% |
| Non-recurring operating charges | 66A | - | €7,645 | +€7,645 | |
| Gross operating margin | 9900 | -€362 | -€487 | -€126 | -34.8% |
| Operating profit (loss) | 9901 | -€617 | -€8,535 | -€7,918 | -1284.2% |
| Profit (loss) for the period before taxes | 9903 | -€617 | -€8,535 | -€7,918 | -1284.2% |
| Profit (loss) for the period | 9904 | -€617 | -€8,535 | -€7,918 | -1284.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€617 | -€8,535 | -€7,918 | -1284.2% |
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 12 October 2026 via checked.be.