BLUE TIDE: 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 TIDE
Largest movements
- Cash -€38,607
down €38,607 (-91.9%), from €42,010 to €3,402
mainly Contributions, distributions and other (-€85,000) and Receivables within one year (-€31,079)
- Receivables within one year +€31,079
up €31,079 (+33.4%), from €93,123 to €124,202
of which Other amounts receivable: +€34,162
- Other debts +€81,874
up €81,874 (+830.2%), from €9,862 to €91,735
- Profit (loss) carried forward -€64,036
down €64,036 (-62.3%), from €102,798 to €38,762
- Tax, wage and social debts -€17,645
down €17,645 (-77.1%), from €22,872 to €5,227
- Trade debts -€7,528
down €7,528 (-69.9%), from €10,765 to €3,237
- Gross operating margin -€29,189
down €29,189 (-48.5%), from €60,185 to €30,996
- Taxes -€5,686
down €5,686 (-42.9%), from €13,257 to €7,571
- Depreciation +€720
up €720 (+172.9%), from €416 to €1,136
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 | €146,796 | €139,461 | -€7,335 | -5.0% |
| Fixed assets | 21/28 | €10,272 | €10,551 | +€279 | +2.7% |
| Tangible fixed assets | 22/27 | €2,938 | €3,217 | +€279 | +9.5% |
| Furniture and vehicles | 24 | €2,938 | €3,217 | +€279 | +9.5% |
| Financial fixed assets | 28 | €7,333 | €7,333 | = | 0.0% |
| Current assets | 29/58 | €136,524 | €128,911 | -€7,614 | -5.6% |
| Amounts receivable within one year | 40/41 | €93,123 | €124,202 | +€31,079 | +33.4% |
| Trade receivables | 40 | €24,679 | €21,597 | -€3,082 | -12.5% |
| Other amounts receivable | 41 | €68,444 | €102,605 | +€34,162 | +49.9% |
| Cash at bank and in hand | 54/58 | €42,010 | €3,402 | -€38,607 | -91.9% |
| Deferred charges and accrued income | 490/1 | €1,392 | €1,306 | -€86 | -6.2% |
| Total equity and liabilities | 10/49 | €146,796 | €139,461 | -€7,335 | -5.0% |
| Equity | 10/15 | €103,298 | €39,262 | -€64,036 | -62.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,798 | €38,762 | -€64,036 | -62.3% |
| Amounts payable | 17/49 | €43,499 | €100,199 | +€56,701 | +130.4% |
| Amounts payable within one year | 42/48 | €43,499 | €100,199 | +€56,701 | +130.4% |
| Trade debts | 44 | €10,765 | €3,237 | -€7,528 | -69.9% |
| Suppliers | 440/4 | €10,765 | €3,237 | -€7,528 | -69.9% |
| Taxes, remuneration and social security | 45 | €22,872 | €5,227 | -€17,645 | -77.1% |
| Taxes | 450/3 | €22,872 | €5,227 | -€17,645 | -77.1% |
| Other amounts payable | 47/48 | €9,862 | €91,735 | +€81,874 | +830.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416 | €1,136 | +€720 | +172.9% |
| Other operating charges | 640/8 | €1,130 | €837 | -€294 | -26.0% |
| Gross operating margin | 9900 | €60,185 | €30,996 | -€29,189 | -48.5% |
| Operating profit (loss) | 9901 | €58,639 | €29,024 | -€29,615 | -50.5% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €482 | €495 | +€12 | +2.6% |
| Recurring financial charges | 65 | €482 | €495 | +€12 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €58,156 | €28,535 | -€29,621 | -50.9% |
| Income taxes | 67/77 | €13,257 | €7,571 | -€5,686 | -42.9% |
| Profit (loss) for the period | 9904 | €44,899 | €20,964 | -€23,935 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,899 | €20,964 | -€23,935 | -53.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.