BLUE RICE: 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 RICE
Largest movements
- Receivables within one year -€9,833
down €9,833 (-25.6%), from €38,438 to €28,605
of which Other amounts receivable: -€12,765
- Reserves +€70,204
up €70,204 (+48.5%), from €144,658 to €214,863
of which Distributable reserves: +€85,781
- Debts after one year -€50,522
down €50,522 (-12.8%), from €395,411 to €344,888
of which Financial debts: -€37,522
- Other debts -€28,814
down €28,814 (-76.4%), from €37,734 to €8,920
- Tax, wage and social debts +€7,588
up €7,588 (+52.5%), from €14,456 to €22,044
- Financial charges +€11,629
up €11,629 (+132%), from €8,781 to €20,410
- Financial income +€8,546
up €8,546 (+45.1%), from €18,954 to €27,500
- Gross operating margin +€7,143
up €7,143 (+7.1%), from €99,902 to €107,045
- Taxes +€3,115
up €3,115 (+10.4%), from €30,052 to €33,167
- Depreciation -€1,325
down €1,325 (-75.7%), from €1,752 to €426
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 | €644,956 | €638,444 | -€6,511 | -1.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €590,704 | €590,005 | -€699 | -0.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,264 | €1,565 | -€699 | -30.9% |
| Furniture and vehicles | 24 | €2,264 | €1,565 | -€699 | -30.9% |
| Financial fixed assets | 28 | €588,440 | €588,440 | = | 0.0% |
| Current assets | 29/58 | €54,252 | €48,439 | -€5,812 | -10.7% |
| Amounts receivable within one year | 40/41 | €38,438 | €28,605 | -€9,833 | -25.6% |
| Trade receivables | 40 | €0 | €2,931 | +€2,931 | |
| Other amounts receivable | 41 | €38,438 | €25,673 | -€12,765 | -33.2% |
| Cash at bank and in hand | 54/58 | €11,962 | €14,902 | +€2,940 | +24.6% |
| Deferred charges and accrued income | 490/1 | €3,851 | €4,932 | +€1,081 | +28.1% |
| Total equity and liabilities | 10/49 | €644,956 | €638,444 | -€6,511 | -1.0% |
| Equity | 10/15 | €151,658 | €221,863 | +€70,204 | +46.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €144,658 | €214,863 | +€70,204 | +48.5% |
| Tax-exempt reserves | 132 | €15,577 | €0 | -€15,577 | -100% |
| Distributable reserves | 133 | €129,081 | €214,863 | +€85,781 | +66.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €493,297 | €416,582 | -€76,715 | -15.6% |
| Amounts payable after more than one year | 17 | €395,411 | €344,888 | -€50,522 | -12.8% |
| Financial debts | 170/4 | €304,437 | €266,914 | -€37,522 | -12.3% |
| Other amounts payable | 178/9 | €90,974 | €77,974 | -€13,000 | -14.3% |
| Amounts payable within one year | 42/48 | €97,875 | €71,694 | -€26,181 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €43,190 | €37,522 | -€5,668 | -13.1% |
| Trade debts | 44 | €2,494 | €3,207 | +€713 | +28.6% |
| Suppliers | 440/4 | €2,494 | €3,207 | +€713 | +28.6% |
| Taxes, remuneration and social security | 45 | €14,456 | €22,044 | +€7,588 | +52.5% |
| Taxes | 450/3 | €14,456 | €22,044 | +€7,588 | +52.5% |
| Other amounts payable | 47/48 | €37,734 | €8,920 | -€28,814 | -76.4% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100% |
| Non-recurring operating income | 76A | €131 | €0 | -€131 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,752 | €426 | -€1,325 | -75.7% |
| Other operating charges | 640/8 | €1,029 | €1,144 | +€115 | +11.2% |
| Non-recurring operating charges | 66A | - | €272 | +€272 | |
| Gross operating margin | 9900 | €99,902 | €107,045 | +€7,143 | +7.1% |
| Operating profit (loss) | 9901 | €97,122 | €105,202 | +€8,080 | +8.3% |
| Financial income | 75/76B | €18,954 | €27,500 | +€8,546 | +45.1% |
| Recurring financial income | 75 | €18,954 | €27,500 | +€8,546 | +45.1% |
| Financial charges | 65/66B | €8,781 | €20,410 | +€11,629 | +132% |
| Recurring financial charges | 65 | €8,781 | €20,410 | +€11,629 | +132% |
| Profit (loss) for the period before taxes | 9903 | €107,294 | €112,292 | +€4,997 | +4.7% |
| Income taxes | 67/77 | €30,052 | €33,167 | +€3,115 | +10.4% |
| Profit (loss) for the period | 9904 | €77,242 | €79,125 | +€1,882 | +2.4% |
| Transfer from tax-exempt reserves | 789 | €14,735 | €15,577 | +€842 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €91,977 | €94,702 | +€2,724 | +3.0% |
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 26 October 2026 via checked.be.