BLUEBAT: 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.
BLUEBAT
Largest movements
- Cash -€191,111
down €191,111 (-82.0%), from €233,035 to €41,924
mainly Contributions, distributions and other (-€256,721) and Investment in fixed assets (net) (-€16,118)
- Receivables within one year -€18,394
down €18,394 (-48.0%), from €38,339 to €19,945
of which Other amounts receivable: -€23,234
- Reserves -€137,833
down €137,833 (-42.6%), from €323,630 to €185,797
- Contributions -€69,258
no longer reported in 2025 (was €69,258)
- Other debts +€11,711
new in 2025: €11,711
- Tax, wage and social debts -€8,818
down €8,818 (-67.5%), from €13,066 to €4,248
- Gross operating margin +€20,223
up €20,223 (+31.1%), from €64,979 to €85,202
- Taxes +€6,015
up €6,015 (+42.3%), from €14,231 to €20,246
- Other operating charges -€5,747
down €5,747 (-74.9%), from €7,668 to €1,921
- Financial income -€3,465
down €3,465 (-96.3%), from €3,600 to €135
- Depreciation +€1,201
up €1,201 (+9.8%), from €12,280 to €13,480
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 | €420,584 | €212,230 | -€208,354 | -49.5% |
| Fixed assets | 21/28 | €116,676 | €119,313 | +€2,638 | +2.3% |
| Tangible fixed assets | 22/27 | €116,676 | €119,313 | +€2,638 | +2.3% |
| Land and buildings | 22 | €108,000 | €97,200 | -€10,800 | -10.0% |
| Furniture and vehicles | 24 | €8,676 | €6,992 | -€1,684 | -19.4% |
| Other tangible fixed assets | 26 | - | €15,122 | +€15,122 | |
| Current assets | 29/58 | €303,909 | €92,917 | -€210,992 | -69.4% |
| Amounts receivable within one year | 40/41 | €38,339 | €19,945 | -€18,394 | -48.0% |
| Trade receivables | 40 | €13,310 | €18,150 | +€4,840 | +36.4% |
| Other amounts receivable | 41 | €25,029 | €1,795 | -€23,234 | -92.8% |
| Current investments | 50/53 | €32,500 | €31,048 | -€1,452 | -4.5% |
| Cash at bank and in hand | 54/58 | €233,035 | €41,924 | -€191,111 | -82.0% |
| Deferred charges and accrued income | 490/1 | €35 | - | -€35 | |
| Total equity and liabilities | 10/49 | €420,584 | €212,230 | -€208,354 | -49.5% |
| Equity | 10/15 | €392,887 | €185,797 | -€207,090 | -52.7% |
| Contributions | 10/11 | €69,258 | - | -€69,258 | |
| Reserves | 13 | €323,630 | €185,797 | -€137,833 | -42.6% |
| Distributable reserves | 133 | €323,630 | €185,797 | -€137,833 | -42.6% |
| Amounts payable | 17/49 | €27,697 | €26,433 | -€1,264 | -4.6% |
| Amounts payable after more than one year | 17 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 178/9 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,897 | €24,633 | -€1,264 | -4.9% |
| Trade debts | 44 | €12,831 | €8,674 | -€4,157 | -32.4% |
| Suppliers | 440/4 | €12,831 | €8,674 | -€4,157 | -32.4% |
| Taxes, remuneration and social security | 45 | €13,066 | €4,248 | -€8,818 | -67.5% |
| Taxes | 450/3 | €13,066 | €4,248 | -€8,818 | -67.5% |
| Other amounts payable | 47/48 | - | €11,711 | +€11,711 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,280 | €13,480 | +€1,201 | +9.8% |
| Other operating charges | 640/8 | €7,668 | €1,921 | -€5,747 | -74.9% |
| Gross operating margin | 9900 | €64,979 | €85,202 | +€20,223 | +31.1% |
| Operating profit (loss) | 9901 | €45,031 | €69,801 | +€24,770 | +55.0% |
| Financial income | 75/76B | €3,600 | €135 | -€3,465 | -96.3% |
| Recurring financial income | 75 | €3,600 | €135 | -€3,465 | -96.3% |
| Financial charges | 65/66B | €37 | €59 | +€22 | +59.5% |
| Recurring financial charges | 65 | €37 | €59 | +€22 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €48,594 | €69,876 | +€21,283 | +43.8% |
| Income taxes | 67/77 | €14,231 | €20,246 | +€6,015 | +42.3% |
| Profit (loss) for the period | 9904 | €34,363 | €49,630 | +€15,268 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,363 | €49,630 | +€15,268 | +44.4% |
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 13 October 2026 via checked.be.