BLUE SEED: 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 SEED
Largest movements
- Cash -€17,789
down €17,789 (-54.1%), from €32,892 to €15,103
mainly Contributions, distributions and other (-€56,993) and Receivables within one year (-€10,682)
- Receivables within one year +€10,682
up €10,682 (+27.3%), from €39,058 to €49,741
of which Other amounts receivable: +€13,249
- Tangible fixed assets -€1,420
no longer reported in 2025 (was €1,420)
of which Furniture and vehicles: -€1,001
- Profit (loss) carried forward -€54,970
no longer reported in 2025 (was €54,970)
- Other debts +€48,444
new in 2025: €48,444
- Trade debts -€2,901
down €2,901 (-95.7%), from €3,030 to €129
- Other operating charges +€9,396
up €9,396 (+2,444%), from €384 to €9,780
- Taxes -€5,794
down €5,794 (-99.6%), from €5,817 to €23
- Gross operating margin -€3,061
down €3,061 (-18.5%), from €16,533 to €13,472
- Depreciation -€1,602
no longer reported in 2025 (was €1,602)
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 | €73,705 | €64,844 | -€8,861 | -12.0% |
| Fixed assets | 21/28 | €1,516 | - | -€1,516 | |
| Tangible fixed assets | 22/27 | €1,420 | - | -€1,420 | |
| Plant, machinery and equipment | 23 | €419 | - | -€419 | |
| Furniture and vehicles | 24 | €1,001 | - | -€1,001 | |
| Financial fixed assets | 28 | €96 | - | -€96 | |
| Current assets | 29/58 | €72,189 | €64,844 | -€7,345 | -10.2% |
| Amounts receivable within one year | 40/41 | €39,058 | €49,741 | +€10,682 | +27.3% |
| Trade receivables | 40 | €2,567 | - | -€2,567 | |
| Other amounts receivable | 41 | €36,491 | €49,741 | +€13,249 | +36.3% |
| Cash at bank and in hand | 54/58 | €32,892 | €15,103 | -€17,789 | -54.1% |
| Deferred charges and accrued income | 490/1 | €238 | - | -€238 | |
| Total equity and liabilities | 10/49 | €73,705 | €64,844 | -€8,861 | -12.0% |
| Equity | 10/15 | €59,970 | €5,000 | -€54,970 | -91.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,970 | - | -€54,970 | |
| Amounts payable | 17/49 | €13,735 | €59,844 | +€46,109 | +336% |
| Amounts payable within one year | 42/48 | €13,735 | €59,844 | +€46,109 | +336% |
| Trade debts | 44 | €3,030 | €129 | -€2,901 | -95.7% |
| Suppliers | 440/4 | €3,030 | €129 | -€2,901 | -95.7% |
| Taxes, remuneration and social security | 45 | €10,705 | €11,271 | +€566 | +5.3% |
| Taxes | 450/3 | €10,705 | €11,271 | +€566 | +5.3% |
| Other amounts payable | 47/48 | - | €48,444 | +€48,444 | |
| Non-recurring operating income | 76A | €1,160 | - | -€1,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,602 | - | -€1,602 | |
| Other operating charges | 640/8 | €384 | €9,780 | +€9,396 | +2,444% |
| Non-recurring operating charges | 66A | - | €1,420 | +€1,420 | |
| Gross operating margin | 9900 | €16,533 | €13,472 | -€3,061 | -18.5% |
| Operating profit (loss) | 9901 | €14,547 | €2,273 | -€12,274 | -84.4% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €164 | €227 | +€63 | +38.6% |
| Recurring financial charges | 65 | €164 | €227 | +€63 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €14,391 | €2,046 | -€12,345 | -85.8% |
| Income taxes | 67/77 | €5,817 | €23 | -€5,794 | -99.6% |
| Profit (loss) for the period | 9904 | €8,574 | €2,023 | -€6,552 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,574 | €2,023 | -€6,552 | -76.4% |
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 17 October 2026 via checked.be.