BLUE SKY: 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 SKY
Largest movements
- Receivables within one year -€7,314
down €7,314 (-99.4%), from €7,361 to €47
- Stocks and contracts -€5,496
down €5,496 (-5.1%), from €107,252 to €101,756
- Tangible fixed assets -€3,651
down €3,651 (-24.1%), from €15,178 to €11,527
- Short-term financial debts -€17,649
down €17,649 (-100%), from €17,649 to €0
- Trade debts -€7,863
down €7,863 (-34.3%), from €22,950 to €15,087
- Debts after one year +€6,402
up €6,402 (+12.8%), from €50,000 to €56,402
- Tax, wage and social debts -€1,880
down €1,880 (-5.2%), from €36,264 to €34,383
of which Remuneration and social security: -€1,084
- Other debts +€1,799
up €1,799 (+942%), from €191 to €1,990
- Gross operating margin -€5,761
down €5,761 (-15.0%), from €38,445 to €32,683
- Depreciation -€3,697
down €3,697 (-33.0%), from €11,191 to €7,494
- Staff costs -€2,590
down €2,590 (-18.3%), from €14,165 to €11,575
- Taxes +€1,760
up €1,760 (+1,184%), from €149 to €1,909
- Financial income -€1,047
down €1,047 (-51.6%), from €2,030 to €983
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 | €143,326 | €124,490 | -€18,837 | -13.1% |
| Fixed assets | 21/28 | €16,303 | €11,527 | -€4,776 | -29.3% |
| Tangible fixed assets | 22/27 | €15,178 | €11,527 | -€3,651 | -24.1% |
| Plant, machinery and equipment | 23 | €6,578 | €5,540 | -€1,037 | -15.8% |
| Furniture and vehicles | 24 | €6,237 | €4,718 | -€1,519 | -24.4% |
| Other tangible fixed assets | 26 | €2,363 | €1,268 | -€1,094 | -46.3% |
| Financial fixed assets | 28 | €1,125 | €0 | -€1,125 | -100% |
| Current assets | 29/58 | €127,024 | €112,963 | -€14,061 | -11.1% |
| Stocks and contracts in progress | 3 | €107,252 | €101,756 | -€5,496 | -5.1% |
| Stocks | 30/36 | €107,252 | €101,756 | -€5,496 | -5.1% |
| Amounts receivable within one year | 40/41 | €7,361 | €47 | -€7,314 | -99.4% |
| Trade receivables | 40 | €7,361 | €47 | -€7,314 | -99.4% |
| Cash at bank and in hand | 54/58 | €11,731 | €10,595 | -€1,136 | -9.7% |
| Deferred charges and accrued income | 490/1 | €679 | €564 | -€115 | -16.9% |
| Total equity and liabilities | 10/49 | €143,326 | €124,490 | -€18,837 | -13.1% |
| Equity | 10/15 | €4,832 | €5,737 | +€906 | +18.7% |
| Contributions | 10/11 | €263,592 | €263,592 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€258,760 | -€257,855 | +€906 | +0.3% |
| Amounts payable | 17/49 | €138,495 | €118,752 | -€19,742 | -14.3% |
| Amounts payable after more than one year | 17 | €50,000 | €56,402 | +€6,402 | +12.8% |
| Financial debts | 170/4 | €50,000 | €56,402 | +€6,402 | +12.8% |
| Amounts payable within one year | 42/48 | €83,563 | €58,855 | -€24,707 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €6,509 | €7,395 | +€886 | +13.6% |
| Financial debts | 43 | €17,649 | €0 | -€17,649 | -100% |
| Credit institutions | 430/8 | €17,649 | €0 | -€17,649 | -100% |
| Trade debts | 44 | €22,950 | €15,087 | -€7,863 | -34.3% |
| Suppliers | 440/4 | €22,950 | €15,087 | -€7,863 | -34.3% |
| Taxes, remuneration and social security | 45 | €36,264 | €34,383 | -€1,880 | -5.2% |
| Taxes | 450/3 | €32,585 | €31,789 | -€796 | -2.4% |
| Remuneration and social security | 454/9 | €3,679 | €2,594 | -€1,084 | -29.5% |
| Other amounts payable | 47/48 | €191 | €1,990 | +€1,799 | +942% |
| Accrued charges and deferred income | 492/3 | €4,932 | €3,495 | -€1,437 | -29.1% |
| Remuneration, social security and pensions | 62 | €14,165 | €11,575 | -€2,590 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,191 | €7,494 | -€3,697 | -33.0% |
| Other operating charges | 640/8 | €6,388 | €5,433 | -€955 | -14.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €38,445 | €32,683 | -€5,761 | -15.0% |
| Operating profit (loss) | 9901 | €6,701 | €8,182 | +€1,481 | +22.1% |
| Financial income | 75/76B | €2,030 | €983 | -€1,047 | -51.6% |
| Recurring financial income | 75 | €2,030 | €983 | -€1,047 | -51.6% |
| Financial charges | 65/66B | €6,963 | €6,350 | -€613 | -8.8% |
| Recurring financial charges | 65 | €6,963 | €6,350 | -€613 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €1,768 | €2,815 | +€1,047 | +59.2% |
| Income taxes | 67/77 | €149 | €1,909 | +€1,760 | +1,184% |
| Profit (loss) for the period | 9904 | €1,619 | €906 | -€714 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,619 | €906 | -€714 | -44.1% |
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 17 October 2026 via checked.be.