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
- Tangible fixed assets -€52,244
down €52,244 (-92.3%), from €56,581 to €4,337
of which Furniture and vehicles: -€51,151
- Cash +€12,266
up €12,266 (+42.7%), from €28,695 to €40,961
mainly Investment in fixed assets (net) (+€49,392) and Receivables within one year (+€4,232)
- Receivables within one year -€4,232
down €4,232 (-18.9%), from €22,387 to €18,155
of which Trade receivables: -€12,309
- Deferred charges and accrued income +€3,578
up €3,578 (+184.8%), from €1,936 to €5,513
- Profit (loss) carried forward -€32,055
down €32,055 (-62.2%), from -€51,522 to -€83,577
- Trade debts -€4,261
down €4,261 (-73.2%), from €5,817 to €1,557
- Tax, wage and social debts -€2,544
down €2,544 (-18.7%), from €13,612 to €11,069
- Other debts -€1,340
down €1,340 (-9.2%), from €14,504 to €13,164
- Gross operating margin -€40,477
down €40,477, from €39,871 to -€606
- Depreciation -€13,381
down €13,381 (-82.4%), from €16,233 to €2,852
- Taxes -€1,363
down €1,363 (-75.8%), from €1,800 to €436
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.
Cash bridge derived
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 | €109,599 | €68,966 | -€40,633 | -37.1% |
| Fixed assets | 21/28 | €56,581 | €4,337 | -€52,244 | -92.3% |
| Tangible fixed assets | 22/27 | €56,581 | €4,337 | -€52,244 | -92.3% |
| Furniture and vehicles | 24 | €53,015 | €1,864 | -€51,151 | -96.5% |
| Other tangible fixed assets | 26 | €3,566 | €2,473 | -€1,093 | -30.6% |
| Current assets | 29/58 | €53,018 | €64,629 | +€11,611 | +21.9% |
| Amounts receivable within one year | 40/41 | €22,387 | €18,155 | -€4,232 | -18.9% |
| Trade receivables | 40 | €20,309 | €8,000 | -€12,309 | -60.6% |
| Other amounts receivable | 41 | €2,078 | €10,155 | +€8,077 | +388.6% |
| Cash at bank and in hand | 54/58 | €28,695 | €40,961 | +€12,266 | +42.7% |
| Deferred charges and accrued income | 490/1 | €1,936 | €5,513 | +€3,578 | +184.8% |
| Total equity and liabilities | 10/49 | €109,599 | €68,966 | -€40,633 | -37.1% |
| Equity | 10/15 | -€39,122 | -€71,177 | -€32,055 | -81.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,522 | -€83,577 | -€32,055 | -62.2% |
| Amounts payable | 17/49 | €148,722 | €140,143 | -€8,578 | -5.8% |
| Amounts payable after more than one year | 17 | €114,354 | €114,354 | = | 0.0% |
| Financial debts | 170/4 | €114,354 | €114,354 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,934 | €25,789 | -€8,145 | -24.0% |
| Trade debts | 44 | €5,817 | €1,557 | -€4,261 | -73.2% |
| Suppliers | 440/4 | €5,817 | €1,557 | -€4,261 | -73.2% |
| Taxes, remuneration and social security | 45 | €13,612 | €11,069 | -€2,544 | -18.7% |
| Taxes | 450/3 | €13,612 | €11,069 | -€2,544 | -18.7% |
| Other amounts payable | 47/48 | €14,504 | €13,164 | -€1,340 | -9.2% |
| Accrued charges and deferred income | 492/3 | €433 | - | -€433 | |
| Non-recurring operating income | 76A | - | €108 | +€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,233 | €2,852 | -€13,381 | -82.4% |
| Other operating charges | 640/8 | €1,517 | €1,303 | -€215 | -14.2% |
| Non-recurring operating charges | 66A | - | €26,793 | +€26,793 | |
| Gross operating margin | 9900 | €39,871 | -€606 | -€40,477 | |
| Operating profit (loss) | 9901 | €22,122 | -€31,553 | -€53,675 | |
| Financial income | 75/76B | €0 | €331 | +€331 | +91972.2% |
| Recurring financial income | 75 | €0 | €331 | +€331 | +91972.2% |
| Financial charges | 65/66B | €202 | €397 | +€195 | +96.9% |
| Recurring financial charges | 65 | €202 | €397 | +€195 | +96.9% |
| Profit (loss) for the period before taxes | 9903 | €21,920 | -€31,619 | -€53,539 | |
| Income taxes | 67/77 | €1,800 | €436 | -€1,363 | -75.8% |
| Profit (loss) for the period | 9904 | €20,121 | -€32,055 | -€52,175 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,121 | -€32,055 | -€52,175 |
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 9 October 2026 via checked.be.