Blue Site: 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 Site
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Receivables within one year +€510,580
up €510,580 (+32.6%), from €1.6m to €2.1m
of which Trade receivables: +€510,618
- Deferred charges and accrued income -€286,578
down €286,578 (-17.4%), from €1.7m to €1.4m
- Cash -€218,101
down €218,101 (-27.3%), from €799,032 to €580,931
mainly Current investments (-€1.0m) and Receivables within one year (-€510,580)
- Trade debts +€847,697
up €847,697 (+47.8%), from €1.8m to €2.6m
- Profit (loss) carried forward +€483,497
up €483,497 (+218%), from €221,661 to €705,158
- Debts after one year -€298,049
down €298,049 (-18.3%), from €1.6m to €1.3m
- Taxes +€71,428
up €71,428 (+78.7%), from €90,707 to €162,135
- Gross operating margin +€53,435
up €53,435 (+8.0%), from €663,788 to €717,223
- Financial charges -€11,674
down €11,674 (-11.1%), from €104,940 to €93,266
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 | €5,003,804 | €6,009,705 | +€1.0m | +20.1% |
| Fixed assets | 21/28 | €364,000 | €364,000 | = | 0.0% |
| Financial fixed assets | 28 | €364,000 | €364,000 | = | 0.0% |
| Current assets | 29/58 | €4,639,804 | €5,645,705 | +€1.0m | +21.7% |
| Amounts receivable after more than one year | 29 | €624,000 | €624,000 | = | 0.0% |
| Other amounts receivable | 291 | €624,000 | €624,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,565,909 | €2,076,489 | +€510,580 | +32.6% |
| Trade receivables | 40 | €1,556,616 | €2,067,234 | +€510,618 | +32.8% |
| Other amounts receivable | 41 | €9,293 | €9,255 | -€38 | -0.4% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €799,032 | €580,931 | -€218,101 | -27.3% |
| Deferred charges and accrued income | 490/1 | €1,650,863 | €1,364,285 | -€286,578 | -17.4% |
| Total equity and liabilities | 10/49 | €5,003,804 | €6,009,705 | +€1.0m | +20.1% |
| Equity | 10/15 | €771,661 | €1,255,158 | +€483,497 | +62.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €221,661 | €705,158 | +€483,497 | +218% |
| Amounts payable | 17/49 | €4,232,143 | €4,754,547 | +€522,404 | +12.3% |
| Amounts payable after more than one year | 17 | €1,626,442 | €1,328,393 | -€298,049 | -18.3% |
| Financial debts | 170/4 | €1,626,442 | €1,328,393 | -€298,049 | -18.3% |
| Amounts payable within one year | 42/48 | €2,605,701 | €3,426,155 | +€820,453 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €285,558 | €298,049 | +€12,491 | +4.4% |
| Trade debts | 44 | €1,774,269 | €2,621,966 | +€847,697 | +47.8% |
| Suppliers | 440/4 | €1,774,269 | €2,621,966 | +€847,697 | +47.8% |
| Taxes, remuneration and social security | 45 | €45,874 | €6,139 | -€39,735 | -86.6% |
| Taxes | 450/3 | €45,874 | €6,139 | -€39,735 | -86.6% |
| Other amounts payable | 47/48 | €500,000 | €500,000 | = | 0.0% |
| Other operating charges | 640/8 | €796 | €2,471 | +€1,675 | +210% |
| Gross operating margin | 9900 | €663,788 | €717,223 | +€53,435 | +8.0% |
| Operating profit (loss) | 9901 | €662,992 | €714,752 | +€51,760 | +7.8% |
| Financial income | 75/76B | €26,308 | €24,145 | -€2,162 | -8.2% |
| Recurring financial income | 75 | €26,308 | €24,145 | -€2,162 | -8.2% |
| Financial charges | 65/66B | €104,940 | €93,266 | -€11,674 | -11.1% |
| Recurring financial charges | 65 | €104,940 | €93,266 | -€11,674 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €584,359 | €645,631 | +€61,272 | +10.5% |
| Income taxes | 67/77 | €90,707 | €162,135 | +€71,428 | +78.7% |
| Profit (loss) for the period | 9904 | €493,652 | €483,497 | -€10,156 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €493,652 | €483,497 | -€10,156 | -2.1% |
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.