Blue Teal: 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 Teal
Largest movements
- Tangible fixed assets -€7,009
down €7,009 (-32.0%), from €21,933 to €14,924
of which Furniture and vehicles: -€9,696
- Cash +€5,537
up €5,537 (+116%), from €4,769 to €10,306
mainly Net result for the year (+€20,868) and Tax, wage and social debts (+€13,360)
- Tax, wage and social debts +€13,360
up €13,360 (+119%), from €11,197 to €24,557
- Current portion of long-term debt -€7,642
down €7,642 (-100%), from €7,642 to €0
- Trade debts -€6,138
down €6,138 (-39.5%), from €15,547 to €9,409
- Other debts -€2,152
down €2,152 (-100%), from €2,152 to €0
- Reserves +€868
up €868 (+2.7%), from €32,060 to €32,928
- Gross operating margin +€17,785
up €17,785 (+86.7%), from €20,510 to €38,295
- Taxes +€4,057
up €4,057 (+155%), from €2,611 to €6,668
- Financial income +€2,244
up €2,244 (+568%), from €395 to €2,638
- Depreciation +€1,217
up €1,217 (+12.3%), from €9,863 to €11,080
- Financial charges +€609
up €609 (+71.8%), from €849 to €1,458
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 | €71,599 | €69,894 | -€1,704 | -2.4% |
| Fixed assets | 21/28 | €21,933 | €14,924 | -€7,009 | -32.0% |
| Tangible fixed assets | 22/27 | €21,933 | €14,924 | -€7,009 | -32.0% |
| Plant, machinery and equipment | 23 | €3,421 | €3,507 | +€86 | +2.5% |
| Furniture and vehicles | 24 | €12,894 | €3,198 | -€9,696 | -75.2% |
| Other tangible fixed assets | 26 | €5,618 | €8,219 | +€2,601 | +46.3% |
| Current assets | 29/58 | €49,666 | €54,970 | +€5,305 | +10.7% |
| Amounts receivable within one year | 40/41 | €44,506 | €43,933 | -€573 | -1.3% |
| Trade receivables | 40 | €36,500 | €30,018 | -€6,482 | -17.8% |
| Other amounts receivable | 41 | €8,006 | €13,915 | +€5,909 | +73.8% |
| Cash at bank and in hand | 54/58 | €4,769 | €10,306 | +€5,537 | +116% |
| Deferred charges and accrued income | 490/1 | €391 | €732 | +€341 | +87.0% |
| Total equity and liabilities | 10/49 | €71,599 | €69,894 | -€1,704 | -2.4% |
| Equity | 10/15 | €35,060 | €35,928 | +€868 | +2.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,060 | €32,928 | +€868 | +2.7% |
| Distributable reserves | 133 | €32,060 | €32,928 | +€868 | +2.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,539 | €33,967 | -€2,572 | -7.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €36,539 | €33,967 | -€2,572 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €7,642 | €0 | -€7,642 | -100% |
| Trade debts | 44 | €15,547 | €9,409 | -€6,138 | -39.5% |
| Suppliers | 440/4 | €15,547 | €9,409 | -€6,138 | -39.5% |
| Taxes, remuneration and social security | 45 | €11,197 | €24,557 | +€13,360 | +119% |
| Taxes | 450/3 | €11,197 | €24,557 | +€13,360 | +119% |
| Other amounts payable | 47/48 | €2,152 | €0 | -€2,152 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,863 | €11,080 | +€1,217 | +12.3% |
| Other operating charges | 640/8 | €1,137 | €859 | -€277 | -24.4% |
| Gross operating margin | 9900 | €20,510 | €38,295 | +€17,785 | +86.7% |
| Operating profit (loss) | 9901 | €9,511 | €26,356 | +€16,844 | +177% |
| Financial income | 75/76B | €395 | €2,638 | +€2,244 | +568% |
| Recurring financial income | 75 | €395 | €2,638 | +€2,244 | +568% |
| Financial charges | 65/66B | €849 | €1,458 | +€609 | +71.8% |
| Recurring financial charges | 65 | €849 | €1,458 | +€609 | +71.8% |
| Profit (loss) for the period before taxes | 9903 | €9,057 | €27,536 | +€18,479 | +204% |
| Income taxes | 67/77 | €2,611 | €6,668 | +€4,057 | +155% |
| Profit (loss) for the period | 9904 | €6,446 | €20,868 | +€14,422 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €6,446 | €20,868 | +€14,422 | +224% |
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.