Blue Retail Express: 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 Retail Express
Largest movements
- Cash +€150,549
up €150,549 (+197%), from €76,512 to €227,060
mainly Trade debts (+€202,259) and Depreciation (+€4,843)
- Receivables within one year +€20,799
up €20,799 (+89.1%), from €23,353 to €44,152
of which Other amounts receivable: +€20,799
- Tangible fixed assets +€13,243
up €13,243 (+101%), from €13,137 to €26,380
of which Other tangible fixed assets: +€15,674
- Trade debts +€202,259
up €202,259 (+153%), from €132,587 to €334,846
- Profit (loss) carried forward -€22,553
down €22,553 (-68.5%), from €32,903 to €10,350
- Tax, wage and social debts +€4,382
up €4,382 (+12.0%), from €36,443 to €40,825
of which Taxes: +€3,474
- Staff costs +€30,040
up €30,040 (+20.1%), from €149,215 to €179,254
- Gross operating margin -€29,602
down €29,602 (-14.8%), from €200,418 to €170,816
- Taxes -€9,551
down €9,551 (-100%), from €9,551 to €0
- Financial charges +€2,878
up €2,878 (+142%), from €2,032 to €4,910
- Depreciation +€2,461
up €2,461 (+103%), from €2,381 to €4,843
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,933 | €417,375 | +€185,441 | +80.0% |
| Fixed assets | 21/28 | €13,137 | €26,380 | +€13,243 | +101% |
| Tangible fixed assets | 22/27 | €13,137 | €26,380 | +€13,243 | +101% |
| Plant, machinery and equipment | 23 | €7,086 | €5,384 | -€1,702 | -24.0% |
| Furniture and vehicles | 24 | €1,460 | €730 | -€730 | -50.0% |
| Other tangible fixed assets | 26 | €4,592 | €20,266 | +€15,674 | +341% |
| Current assets | 29/58 | €218,797 | €390,995 | +€172,199 | +78.7% |
| Stocks and contracts in progress | 3 | €118,096 | €115,953 | -€2,143 | -1.8% |
| Stocks | 30/36 | €118,096 | €115,953 | -€2,143 | -1.8% |
| Amounts receivable within one year | 40/41 | €23,353 | €44,152 | +€20,799 | +89.1% |
| Trade receivables | 40 | - | €0 | +€0 | |
| Other amounts receivable | 41 | €23,353 | €44,152 | +€20,799 | +89.1% |
| Cash at bank and in hand | 54/58 | €76,512 | €227,060 | +€150,549 | +197% |
| Deferred charges and accrued income | 490/1 | €836 | €3,830 | +€2,994 | +358% |
| Total equity and liabilities | 10/49 | €231,933 | €417,375 | +€185,441 | +80.0% |
| Equity | 10/15 | €62,903 | €40,350 | -€22,553 | -35.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,903 | €10,350 | -€22,553 | -68.5% |
| Amounts payable | 17/49 | €169,030 | €377,025 | +€207,994 | +123% |
| Amounts payable within one year | 42/48 | €169,030 | €375,671 | +€206,641 | +122% |
| Trade debts | 44 | €132,587 | €334,846 | +€202,259 | +153% |
| Suppliers | 440/4 | €132,587 | €334,846 | +€202,259 | +153% |
| Taxes, remuneration and social security | 45 | €36,443 | €40,825 | +€4,382 | +12.0% |
| Taxes | 450/3 | €9,551 | €13,025 | +€3,474 | +36.4% |
| Remuneration and social security | 454/9 | €26,892 | €27,801 | +€909 | +3.4% |
| Accrued charges and deferred income | 492/3 | - | €1,353 | +€1,353 | |
| Remuneration, social security and pensions | 62 | €149,215 | €179,254 | +€30,040 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,381 | €4,843 | +€2,461 | +103% |
| Other operating charges | 640/8 | €4,394 | €5,041 | +€647 | +14.7% |
| Gross operating margin | 9900 | €200,418 | €170,816 | -€29,602 | -14.8% |
| Operating profit (loss) | 9901 | €44,428 | -€18,322 | -€62,750 | |
| Financial income | 75/76B | €59 | €679 | +€620 | +1,057% |
| Recurring financial income | 75 | €59 | €679 | +€620 | +1,057% |
| Financial charges | 65/66B | €2,032 | €4,910 | +€2,878 | +142% |
| Recurring financial charges | 65 | €2,032 | €4,910 | +€2,878 | +142% |
| Profit (loss) for the period before taxes | 9903 | €42,454 | -€22,553 | -€65,007 | |
| Income taxes | 67/77 | €9,551 | €0 | -€9,551 | -100% |
| Profit (loss) for the period | 9904 | €32,903 | -€22,553 | -€55,456 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,903 | -€22,553 | -€55,456 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.