Blue TECH: 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 TECH
Largest movements
- Tangible fixed assets -€22,558
down €22,558 (-87.8%), from €25,691 to €3,133
- Cash -€11,847
down €11,847 (-44.8%), from €26,456 to €14,609
mainly Trade debts (-€37,174) and Other debts (-€4,196)
- Receivables within one year -€7,034
down €7,034 (-39.3%), from €17,921 to €10,887
of which Trade receivables: -€17,500
- Deferred charges and accrued income -€844
down €844 (-96.3%), from €876 to €32
- Trade debts -€37,174
no longer reported in 2023 (was €37,174)
- Other debts -€4,196
down €4,196 (-13.1%), from €32,074 to €27,878
- Tax, wage and social debts -€2,260
no longer reported in 2023 (was €2,260)
- Profit (loss) carried forward +€1,347
up €1,347 (+4.0%), from -€33,410 to -€32,063
- Gross operating margin +€42,547
up €42,547, from -€16,296 to €26,251
- Depreciation -€8,139
down €8,139 (-73.6%), from €11,053 to €2,914
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,944 | €28,661 | -€42,283 | -59.6% |
| Fixed assets | 21/28 | €25,691 | €3,133 | -€22,558 | -87.8% |
| Tangible fixed assets | 22/27 | €25,691 | €3,133 | -€22,558 | -87.8% |
| Furniture and vehicles | 24 | €25,691 | €3,133 | -€22,558 | -87.8% |
| Current assets | 29/58 | €45,253 | €25,528 | -€19,725 | -43.6% |
| Amounts receivable within one year | 40/41 | €17,921 | €10,887 | -€7,034 | -39.3% |
| Trade receivables | 40 | €17,500 | - | -€17,500 | |
| Other amounts receivable | 41 | €421 | €10,887 | +€10,466 | +2,486% |
| Cash at bank and in hand | 54/58 | €26,456 | €14,609 | -€11,847 | -44.8% |
| Deferred charges and accrued income | 490/1 | €876 | €32 | -€844 | -96.3% |
| Total equity and liabilities | 10/49 | €70,944 | €28,661 | -€42,283 | -59.6% |
| Equity | 10/15 | -€564 | €783 | +€1,347 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,254 | €14,254 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,410 | -€32,063 | +€1,347 | +4.0% |
| Amounts payable | 17/49 | €71,508 | €27,878 | -€43,630 | -61.0% |
| Amounts payable within one year | 42/48 | €71,508 | €27,878 | -€43,630 | -61.0% |
| Trade debts | 44 | €37,174 | - | -€37,174 | |
| Suppliers | 440/4 | €37,174 | - | -€37,174 | |
| Taxes, remuneration and social security | 45 | €2,260 | - | -€2,260 | |
| Taxes | 450/3 | €2,260 | - | -€2,260 | |
| Other amounts payable | 47/48 | €32,074 | €27,878 | -€4,196 | -13.1% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,053 | €2,914 | -€8,139 | -73.6% |
| Other operating charges | 640/8 | €412 | €465 | +€53 | +12.9% |
| Non-recurring operating charges | 66A | - | €21,000 | +€21,000 | |
| Gross operating margin | 9900 | -€16,296 | €26,251 | +€42,547 | |
| Operating profit (loss) | 9901 | -€27,761 | €1,872 | +€29,633 | |
| Financial charges | 65/66B | €605 | €525 | -€80 | -13.2% |
| Recurring financial charges | 65 | €425 | €350 | -€75 | -17.6% |
| Non-recurring financial charges | 66B | €180 | €175 | -€5 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,366 | €1,347 | +€29,713 | |
| Income taxes | 67/77 | €114 | - | -€114 | |
| Profit (loss) for the period | 9904 | -€28,480 | €1,347 | +€29,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,480 | €1,347 | +€29,827 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.