BLUE SUMMIT: what changed
Two fiscal 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 SUMMIT
Largest movements
- Receivables within one year +€35,453
up €35,453 (+281.3%), from €12,604 to €48,057
of which Other amounts receivable: +€29,884
- Cash -€31,969
down €31,969 (-96.4%), from €33,146 to €1,177
mainly Receivables within one year (-€35,453) and Contributions, distributions and other (-€30,000)
- Deferred charges and accrued income -€3,155
down €3,155 (-56.6%), from €5,572 to €2,416
- Stocks and contracts -€2,771
down €2,771 (-30.5%), from €9,076 to €6,305
- Current investments -€2,591
down €2,591 (-100.0%), from €2,591 to €0
- Other debts +€30,000
up €30,000, from €0 to €30,000
- Reserves -€28,256
down €28,256 (-42.8%), from €66,050 to €37,795
- Debts after one year -€7,096
down €7,096 (-10.8%), from €65,701 to €58,604
- Tax, wage and social debts -€1,747
down €1,747 (-13.2%), from €13,259 to €11,512
of which Remuneration and social security: -€1,927
- Gross operating margin -€29,795
down €29,795 (-78.6%), from €37,918 to €8,123
- Taxes -€5,221
down €5,221 (-83.0%), from €6,292 to €1,071
- Financial income -€726
down €726 (-30.9%), from €2,348 to €1,622
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 | €161,500 | €154,566 | -€6,934 | -4.3% |
| Fixed assets | 21/28 | €98,512 | €96,611 | -€1,902 | -1.9% |
| Tangible fixed assets | 22/27 | €98,512 | €96,611 | -€1,902 | -1.9% |
| Land and buildings | 22 | €97,267 | €95,988 | -€1,279 | -1.3% |
| Plant, machinery and equipment | 23 | €1,245 | €623 | -€622 | -50.0% |
| Current assets | 29/58 | €62,988 | €57,955 | -€5,033 | -8.0% |
| Stocks and contracts in progress | 3 | €9,076 | €6,305 | -€2,771 | -30.5% |
| Stocks | 30/36 | €9,076 | €6,305 | -€2,771 | -30.5% |
| Amounts receivable within one year | 40/41 | €12,604 | €48,057 | +€35,453 | +281.3% |
| Trade receivables | 40 | €11,839 | €17,408 | +€5,569 | +47.0% |
| Other amounts receivable | 41 | €765 | €30,648 | +€29,884 | +3908.7% |
| Current investments | 50/53 | €2,591 | €0 | -€2,591 | -100.0% |
| Cash at bank and in hand | 54/58 | €33,146 | €1,177 | -€31,969 | -96.4% |
| Deferred charges and accrued income | 490/1 | €5,572 | €2,416 | -€3,155 | -56.6% |
| Total equity and liabilities | 10/49 | €161,500 | €154,566 | -€6,934 | -4.3% |
| Equity | 10/15 | €71,050 | €42,795 | -€28,256 | -39.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €66,050 | €37,795 | -€28,256 | -42.8% |
| Distributable reserves | 133 | €66,050 | €37,795 | -€28,256 | -42.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €90,450 | €111,772 | +€21,322 | +23.6% |
| Amounts payable after more than one year | 17 | €65,701 | €58,604 | -€7,096 | -10.8% |
| Financial debts | 170/4 | €65,701 | €58,604 | -€7,096 | -10.8% |
| Amounts payable within one year | 42/48 | €22,628 | €51,624 | +€28,995 | +128.1% |
| Current portion of amounts payable after more than one year | 42 | €6,792 | €7,107 | +€315 | +4.6% |
| Trade debts | 44 | €2,577 | €3,005 | +€428 | +16.6% |
| Suppliers | 440/4 | €2,577 | €3,005 | +€428 | +16.6% |
| Taxes, remuneration and social security | 45 | €13,259 | €11,512 | -€1,747 | -13.2% |
| Taxes | 450/3 | €11,020 | €11,200 | +€180 | +1.6% |
| Remuneration and social security | 454/9 | €2,239 | €312 | -€1,927 | -86.1% |
| Other amounts payable | 47/48 | €0 | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €2,121 | €1,543 | -€578 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,882 | €1,902 | +€20 | +1.0% |
| Other operating charges | 640/8 | €557 | €650 | +€93 | +16.8% |
| Gross operating margin | 9900 | €37,918 | €8,123 | -€29,795 | -78.6% |
| Operating profit (loss) | 9901 | €35,480 | €5,571 | -€29,908 | -84.3% |
| Financial income | 75/76B | €2,348 | €1,622 | -€726 | -30.9% |
| Recurring financial income | 75 | €2,348 | €1,622 | -€726 | -30.9% |
| Financial charges | 65/66B | €4,727 | €4,379 | -€349 | -7.4% |
| Recurring financial charges | 65 | €4,727 | €4,379 | -€349 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €33,101 | €2,815 | -€30,286 | -91.5% |
| Income taxes | 67/77 | €6,292 | €1,071 | -€5,221 | -83.0% |
| Profit (loss) for the period | 9904 | €26,809 | €1,744 | -€25,065 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,809 | €1,744 | -€25,065 | -93.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.