BLUEBAL: 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.
BLUEBAL
Largest movements
- Cash -€23,222
down €23,222 (-62.3%), from €37,271 to €14,049
mainly Net result for the year (-€31,809) and Trade debts (-€3,827)
- Stocks and contracts -€7,476
down €7,476 (-26.1%), from €28,685 to €21,209
- Receivables within one year -€1,865
down €1,865 (-53.1%), from €3,510 to €1,645
- Tangible fixed assets -€1,579
down €1,579 (-21.0%), from €7,513 to €5,934
of which Plant, machinery and equipment: -€1,004
- Deferred charges and accrued income -€1,175
down €1,175 (-95.5%), from €1,230 to €56
- Profit (loss) carried forward -€31,809
down €31,809, from €3,189 to -€28,620
- Trade debts -€3,827
down €3,827 (-51.8%), from €7,388 to €3,560
- Gross operating margin -€35,994
down €35,994, from €10,762 to -€25,232
- Depreciation -€729
down €729 (-31.6%), from €2,308 to €1,579
- Taxes -€533
no longer reported in 2025 (was €533)
- Financial charges -€483
down €483 (-31.7%), from €1,521 to €1,038
- Staff costs +€410
up €410 (+13.3%), from €3,075 to €3,485
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 | €78,459 | €43,143 | -€35,317 | -45.0% |
| Fixed assets | 21/28 | €7,763 | €6,184 | -€1,579 | -20.3% |
| Tangible fixed assets | 22/27 | €7,513 | €5,934 | -€1,579 | -21.0% |
| Plant, machinery and equipment | 23 | €4,331 | €3,327 | -€1,004 | -23.2% |
| Other tangible fixed assets | 26 | €3,182 | €2,607 | -€575 | -18.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €70,696 | €36,959 | -€33,738 | -47.7% |
| Stocks and contracts in progress | 3 | €28,685 | €21,209 | -€7,476 | -26.1% |
| Stocks | 30/36 | €28,685 | €21,209 | -€7,476 | -26.1% |
| Amounts receivable within one year | 40/41 | €3,510 | €1,645 | -€1,865 | -53.1% |
| Trade receivables | 40 | €3,510 | €1,645 | -€1,865 | -53.1% |
| Cash at bank and in hand | 54/58 | €37,271 | €14,049 | -€23,222 | -62.3% |
| Deferred charges and accrued income | 490/1 | €1,230 | €56 | -€1,175 | -95.5% |
| Total equity and liabilities | 10/49 | €78,459 | €43,143 | -€35,317 | -45.0% |
| Equity | 10/15 | €33,189 | €1,380 | -€31,809 | -95.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,189 | -€28,620 | -€31,809 | |
| Amounts payable | 17/49 | €45,270 | €41,763 | -€3,507 | -7.7% |
| Amounts payable within one year | 42/48 | €45,270 | €41,763 | -€3,507 | -7.7% |
| Trade debts | 44 | €7,388 | €3,560 | -€3,827 | -51.8% |
| Suppliers | 440/4 | €7,388 | €3,560 | -€3,827 | -51.8% |
| Taxes, remuneration and social security | 45 | €9,306 | €9,608 | +€302 | +3.2% |
| Taxes | 450/3 | €5,800 | €8,212 | +€2,412 | +41.6% |
| Remuneration and social security | 454/9 | €3,506 | €1,396 | -€2,110 | -60.2% |
| Other amounts payable | 47/48 | €28,577 | €28,595 | +€18 | +0.1% |
| Remuneration, social security and pensions | 62 | €3,075 | €3,485 | +€410 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,308 | €1,579 | -€729 | -31.6% |
| Other operating charges | 640/8 | €368 | €507 | +€140 | +38.0% |
| Gross operating margin | 9900 | €10,762 | -€25,232 | -€35,994 | |
| Operating profit (loss) | 9901 | €5,012 | -€30,803 | -€35,816 | |
| Financial income | 75/76B | €231 | €32 | -€199 | -86.1% |
| Recurring financial income | 75 | €231 | €32 | -€199 | -86.1% |
| Financial charges | 65/66B | €1,521 | €1,038 | -€483 | -31.7% |
| Recurring financial charges | 65 | €1,521 | €1,038 | -€483 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €3,723 | -€31,809 | -€35,532 | |
| Income taxes | 67/77 | €533 | - | -€533 | |
| Profit (loss) for the period | 9904 | €3,189 | -€31,809 | -€34,999 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,189 | -€31,809 | -€34,999 |
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 12 October 2026 via checked.be.