BLUE VOLT: 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 VOLT
Largest movements
- Cash -€53,696
down €53,696 (-50.0%), from €107,458 to €53,762
mainly Investment in fixed assets (net) (-€58,026) and Other debts (-€24,212)
- Tangible fixed assets +€39,396
up €39,396 (+86.6%), from €45,501 to €84,897
of which Other tangible fixed assets: +€53,870
- Receivables within one year +€3,170
up €3,170 (+23.2%), from €13,659 to €16,829
of which Trade receivables: +€3,170
- Reserves +€27,953
up €27,953 (+35.1%), from €79,710 to €107,664
- Other debts -€24,212
down €24,212 (-66.6%), from €36,328 to €12,116
- Debts after one year -€9,297
down €9,297 (-51.1%), from €18,179 to €8,883
- Tax, wage and social debts -€5,944
down €5,944 (-23.9%), from €24,868 to €18,924
of which Taxes: -€8,094
- Accrued charges and deferred income +€2,048
new in 2025: €2,048
- Gross operating margin -€48,634
down €48,634 (-46.1%), from €105,493 to €56,859
- Taxes -€11,605
down €11,605 (-64.1%), from €18,100 to €6,496
- Depreciation +€4,586
up €4,586 (+32.7%), from €14,044 to €18,630
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 | €171,771 | €162,029 | -€9,742 | -5.7% |
| Fixed assets | 21/28 | €45,501 | €84,897 | +€39,396 | +86.6% |
| Tangible fixed assets | 22/27 | €45,501 | €84,897 | +€39,396 | +86.6% |
| Furniture and vehicles | 24 | €45,501 | €31,028 | -€14,473 | -31.8% |
| Other tangible fixed assets | 26 | - | €53,870 | +€53,870 | |
| Current assets | 29/58 | €126,270 | €77,132 | -€49,138 | -38.9% |
| Amounts receivable within one year | 40/41 | €13,659 | €16,829 | +€3,170 | +23.2% |
| Trade receivables | 40 | €13,659 | €16,829 | +€3,170 | +23.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €107,458 | €53,762 | -€53,696 | -50.0% |
| Deferred charges and accrued income | 490/1 | €5,153 | €6,541 | +€1,388 | +26.9% |
| Total equity and liabilities | 10/49 | €171,771 | €162,029 | -€9,742 | -5.7% |
| Equity | 10/15 | €82,710 | €110,664 | +€27,953 | +33.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €79,710 | €107,664 | +€27,953 | +35.1% |
| Distributable reserves | 133 | €79,710 | €107,664 | +€27,953 | +35.1% |
| Amounts payable | 17/49 | €89,061 | €51,366 | -€37,695 | -42.3% |
| Amounts payable after more than one year | 17 | €18,179 | €8,883 | -€9,297 | -51.1% |
| Financial debts | 170/4 | €18,179 | €8,883 | -€9,297 | -51.1% |
| Amounts payable within one year | 42/48 | €70,881 | €40,436 | -€30,446 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €8,903 | €9,297 | +€394 | +4.4% |
| Trade debts | 44 | €782 | €98 | -€684 | -87.4% |
| Suppliers | 440/4 | €782 | €98 | -€684 | -87.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €24,868 | €18,924 | -€5,944 | -23.9% |
| Taxes | 450/3 | €24,868 | €16,774 | -€8,094 | -32.5% |
| Remuneration and social security | 454/9 | - | €2,150 | +€2,150 | |
| Other amounts payable | 47/48 | €36,328 | €12,116 | -€24,212 | -66.6% |
| Accrued charges and deferred income | 492/3 | - | €2,048 | +€2,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,044 | €18,630 | +€4,586 | +32.7% |
| Other operating charges | 640/8 | €614 | €864 | +€250 | +40.7% |
| Gross operating margin | 9900 | €105,493 | €56,859 | -€48,634 | -46.1% |
| Operating profit (loss) | 9901 | €90,835 | €37,365 | -€53,470 | -58.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -57.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -57.1% |
| Financial charges | 65/66B | €2,589 | €2,916 | +€327 | +12.6% |
| Recurring financial charges | 65 | €2,589 | €2,916 | +€327 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €88,246 | €34,449 | -€53,797 | -61.0% |
| Income taxes | 67/77 | €18,100 | €6,496 | -€11,605 | -64.1% |
| Profit (loss) for the period | 9904 | €70,146 | €27,953 | -€42,192 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,146 | €27,953 | -€42,192 | -60.1% |
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 15 October 2026 via checked.be.