BLUE STRIPE: 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 STRIPE
Largest movements
- Cash +€45,502
up €45,502 (+53.9%), from €84,431 to €129,933
mainly Net result for the year (+€38,377) and Tax, wage and social debts (+€6,596)
- Tangible fixed assets +€1,692
up €1,692 (+48.0%), from €3,524 to €5,216
of which Other tangible fixed assets: +€2,143
- Reserves +€38,377
up €38,377 (+68.4%), from €56,095 to €94,472
- Tax, wage and social debts +€6,596
up €6,596 (+46.1%), from €14,317 to €20,914
of which Taxes: +€6,596
- Trade debts +€3,356
up €3,356 (+216%), from €1,557 to €4,913
- Gross operating margin +€15,181
up €15,181 (+36.9%), from €41,161 to €56,342
- Taxes +€5,226
up €5,226 (+48.9%), from €10,696 to €15,923
- Depreciation -€4,875
down €4,875 (-74.2%), from €6,567 to €1,692
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 | €106,681 | €154,675 | +€47,993 | +45.0% |
| Fixed assets | 21/28 | €3,524 | €5,216 | +€1,692 | +48.0% |
| Tangible fixed assets | 22/27 | €3,524 | €5,216 | +€1,692 | +48.0% |
| Furniture and vehicles | 24 | €3,524 | €3,074 | -€450 | -12.8% |
| Other tangible fixed assets | 26 | - | €2,143 | +€2,143 | |
| Current assets | 29/58 | €103,157 | €149,458 | +€46,301 | +44.9% |
| Amounts receivable within one year | 40/41 | €14,570 | €14,917 | +€346 | +2.4% |
| Trade receivables | 40 | €14,570 | €14,917 | +€346 | +2.4% |
| Cash at bank and in hand | 54/58 | €84,431 | €129,933 | +€45,502 | +53.9% |
| Deferred charges and accrued income | 490/1 | €4,156 | €4,609 | +€453 | +10.9% |
| Total equity and liabilities | 10/49 | €106,681 | €154,675 | +€47,993 | +45.0% |
| Equity | 10/15 | €56,595 | €94,972 | +€38,377 | +67.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €56,095 | €94,472 | +€38,377 | +68.4% |
| Distributable reserves | 133 | €56,095 | €94,472 | +€38,377 | +68.4% |
| Amounts payable | 17/49 | €50,086 | €59,702 | +€9,616 | +19.2% |
| Amounts payable within one year | 42/48 | €50,086 | €59,702 | +€9,616 | +19.2% |
| Trade debts | 44 | €1,557 | €4,913 | +€3,356 | +216% |
| Suppliers | 440/4 | €1,557 | €4,913 | +€3,356 | +216% |
| Taxes, remuneration and social security | 45 | €14,317 | €20,914 | +€6,596 | +46.1% |
| Taxes | 450/3 | €11,517 | €18,114 | +€6,596 | +57.3% |
| Remuneration and social security | 454/9 | €2,800 | €2,800 | = | 0.0% |
| Other amounts payable | 47/48 | €34,212 | €33,876 | -€337 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,567 | €1,692 | -€4,875 | -74.2% |
| Other operating charges | 640/8 | €126 | €235 | +€109 | +86.2% |
| Gross operating margin | 9900 | €41,161 | €56,342 | +€15,181 | +36.9% |
| Operating profit (loss) | 9901 | €34,467 | €54,415 | +€19,948 | +57.9% |
| Financial charges | 65/66B | €148 | €115 | -€33 | -22.1% |
| Recurring financial charges | 65 | €148 | €115 | -€33 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €34,320 | €54,300 | +€19,980 | +58.2% |
| Income taxes | 67/77 | €10,696 | €15,923 | +€5,226 | +48.9% |
| Profit (loss) for the period | 9904 | €23,623 | €38,377 | +€14,754 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,623 | €38,377 | +€14,754 | +62.5% |
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 24 October 2026 via checked.be.