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
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€67,757
down €67,757 (-6.2%), from -€1.1m to -€1.2m
- Other debts +€46,517
up €46,517 (+3.0%), from €1.5m to €1.6m
- Financial income -€96,035
no longer reported in 2025 (was €96,035)
- Financial charges -€55,135
down €55,135 (-100.0%), from €55,136 to €1
- Gross operating margin -€27,838
down €27,838 (-290%), from -€9,596 to -€37,434
- Other operating charges -€5,798
down €5,798 (-23.3%), from €24,871 to €19,073
- Depreciation -€726
down €726 (-6.1%), from €11,975 to €11,249
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 | €1,605,591 | €1,594,341 | -€11,249 | -0.7% |
| Fixed assets | 21/28 | €1,605,479 | €1,594,229 | -€11,249 | -0.7% |
| Tangible fixed assets | 22/27 | €1,603,779 | €1,592,529 | -€11,249 | -0.7% |
| Land and buildings | 22 | €1,602,377 | €1,591,640 | -€10,737 | -0.7% |
| Plant, machinery and equipment | 23 | €1,402 | €889 | -€512 | -36.5% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €112 | €112 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €112 | €112 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,605,591 | €1,594,341 | -€11,249 | -0.7% |
| Equity | 10/15 | €62,753 | -€5,004 | -€67,757 | |
| Contributions | 10/11 | €1,162,000 | €1,162,000 | = | 0.0% |
| Capital | 10 | €1,162,000 | €1,162,000 | = | 0.0% |
| Issued capital | 100 | €1,162,000 | €1,162,000 | = | 0.0% |
| Reserves | 13 | €780 | €780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €780 | €780 | = | 0.0% |
| Legal reserve | 130 | €780 | €780 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,100,027 | -€1,167,784 | -€67,757 | -6.2% |
| Amounts payable | 17/49 | €1,542,838 | €1,599,346 | +€56,508 | +3.7% |
| Amounts payable within one year | 42/48 | €1,542,838 | €1,599,346 | +€56,508 | +3.7% |
| Trade debts | 44 | €14,254 | €24,266 | +€10,011 | +70.2% |
| Suppliers | 440/4 | €14,254 | €24,266 | +€10,011 | +70.2% |
| Taxes, remuneration and social security | 45 | €21 | - | -€21 | |
| Taxes | 450/3 | €21 | - | -€21 | |
| Other amounts payable | 47/48 | €1,528,563 | €1,575,080 | +€46,517 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,975 | €11,249 | -€726 | -6.1% |
| Other operating charges | 640/8 | €24,871 | €19,073 | -€5,798 | -23.3% |
| Gross operating margin | 9900 | -€9,596 | -€37,434 | -€27,838 | -290% |
| Operating profit (loss) | 9901 | -€46,442 | -€67,756 | -€21,314 | -45.9% |
| Financial income | 75/76B | €96,035 | - | -€96,035 | |
| Recurring financial income | 75 | €96,035 | - | -€96,035 | |
| Financial charges | 65/66B | €55,136 | €1 | -€55,135 | -100.0% |
| Recurring financial charges | 65 | €55,136 | €1 | -€55,135 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,543 | -€67,757 | -€62,214 | -1,122% |
| Profit (loss) for the period | 9904 | -€5,543 | -€67,757 | -€62,214 | -1,122% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,543 | -€67,757 | -€62,214 | -1,122% |
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.