Blue Pineapple: 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 Pineapple
Largest movements
- Cash +€12,089
up €12,089 (+25.2%), from €48,060 to €60,149
mainly Net result for the year (+€9,439) and Deferred charges and accrued income (+€7,595)
- Deferred charges and accrued income -€7,595
down €7,595 (-21.0%), from €36,194 to €28,599
- Receivables within one year -€3,297
down €3,297 (-36.0%), from €9,159 to €5,863
of which Trade receivables: -€2,425
- Tangible fixed assets -€1,532
down €1,532 (-10.8%), from €14,224 to €12,693
of which Other tangible fixed assets: -€1,333
- Debts after one year -€8,698
no longer reported in 2025 (was €8,698)
- Reserves +€8,606
up €8,606 (+29.5%), from €29,182 to €37,788
of which Distributable reserves: +€8,606
- Trade debts +€5,265
up €5,265 (+109%), from €4,845 to €10,110
- Accrued charges and deferred income -€4,827
down €4,827 (-11.6%), from €41,488 to €36,661
- Gross operating margin -€5,292
down €5,292 (-21.6%), from €24,557 to €19,265
- Taxes -€1,147
down €1,147 (-24.1%), from €4,754 to €3,607
- Depreciation -€960
down €960 (-26.4%), from €3,630 to €2,670
- Financial charges -€515
down €515 (-15.1%), from €3,408 to €2,892
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 | €107,637 | €107,303 | -€334 | -0.3% |
| Fixed assets | 21/28 | €14,224 | €12,693 | -€1,532 | -10.8% |
| Tangible fixed assets | 22/27 | €14,224 | €12,693 | -€1,532 | -10.8% |
| Furniture and vehicles | 24 | €3,353 | €3,155 | -€199 | -5.9% |
| Other tangible fixed assets | 26 | €10,871 | €9,538 | -€1,333 | -12.3% |
| Current assets | 29/58 | €93,413 | €94,611 | +€1,198 | +1.3% |
| Amounts receivable within one year | 40/41 | €9,159 | €5,863 | -€3,297 | -36.0% |
| Trade receivables | 40 | €5,562 | €3,137 | -€2,425 | -43.6% |
| Other amounts receivable | 41 | €3,598 | €2,726 | -€872 | -24.2% |
| Cash at bank and in hand | 54/58 | €48,060 | €60,149 | +€12,089 | +25.2% |
| Deferred charges and accrued income | 490/1 | €36,194 | €28,599 | -€7,595 | -21.0% |
| Total equity and liabilities | 10/49 | €107,637 | €107,303 | -€334 | -0.3% |
| Equity | 10/15 | €35,382 | €43,988 | +€8,606 | +24.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,182 | €37,788 | +€8,606 | +29.5% |
| Tax-exempt reserves | 132 | €4,928 | €4,928 | = | 0.0% |
| Distributable reserves | 133 | €24,254 | €32,861 | +€8,606 | +35.5% |
| Amounts payable | 17/49 | €72,255 | €63,315 | -€8,940 | -12.4% |
| Amounts payable after more than one year | 17 | €8,698 | - | -€8,698 | |
| Financial debts | 170/4 | €8,698 | - | -€8,698 | |
| Amounts payable within one year | 42/48 | €22,069 | €26,654 | +€4,585 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €8,366 | €7,921 | -€445 | -5.3% |
| Trade debts | 44 | €4,845 | €10,110 | +€5,265 | +109% |
| Suppliers | 440/4 | €4,845 | €10,110 | +€5,265 | +109% |
| Taxes, remuneration and social security | 45 | €7,301 | €6,892 | -€410 | -5.6% |
| Taxes | 450/3 | €7,301 | €6,892 | -€410 | -5.6% |
| Other amounts payable | 47/48 | €1,557 | €1,731 | +€175 | +11.2% |
| Accrued charges and deferred income | 492/3 | €41,488 | €36,661 | -€4,827 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,630 | €2,670 | -€960 | -26.4% |
| Other operating charges | 640/8 | €961 | €767 | -€194 | -20.2% |
| Gross operating margin | 9900 | €24,557 | €19,265 | -€5,292 | -21.6% |
| Operating profit (loss) | 9901 | €19,966 | €15,828 | -€4,138 | -20.7% |
| Financial income | 75/76B | €182 | €111 | -€71 | -39.1% |
| Recurring financial income | 75 | €182 | €111 | -€71 | -39.1% |
| Financial charges | 65/66B | €3,408 | €2,892 | -€515 | -15.1% |
| Recurring financial charges | 65 | €3,408 | €2,892 | -€515 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €16,740 | €13,047 | -€3,694 | -22.1% |
| Income taxes | 67/77 | €4,754 | €3,607 | -€1,147 | -24.1% |
| Profit (loss) for the period | 9904 | €11,986 | €9,439 | -€2,547 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,986 | €9,439 | -€2,547 | -21.2% |
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 16 October 2026 via checked.be.