BLUEBITS: what changed
Two fiscal 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.
BLUEBITS
Largest movements
- Receivables after one year +€2.9m
new in 2025: €2.9m
- Current investments -€2.1m
down €2.1m (-96.2%), from €2.2m to €82,806
- Cash -€522,056
down €522,056 (-83.4%), from €625,613 to €103,558
mainly Receivables after one year (-€2.9m) and Investment in fixed assets (net) (-€28,767)
- Profit (loss) carried forward +€204,405
new in 2025: €204,405
- Trade debts +€83,873
up €83,873 (+799.5%), from €10,491 to €94,364
- Accrued charges and deferred income +€38,429
new in 2025: €38,429
- Gross operating margin -€769,335
down €769,335 (-85.3%), from €902,076 to €132,741
- Financial income -€158,270
down €158,270 (-48.8%), from €324,519 to €166,249
- Taxes -€151,806
down €151,806 (-68.8%), from €220,779 to €68,973
- Staff costs +€10,627
new in 2025: €10,627
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 | €2,892,990 | €3,199,019 | +€306,029 | +10.6% |
| Fixed assets | 21/28 | - | €25,239 | +€25,239 | |
| Intangible fixed assets | 21 | - | €22,314 | +€22,314 | |
| Tangible fixed assets | 22/27 | - | €2,925 | +€2,925 | |
| Plant, machinery and equipment | 23 | - | €2,925 | +€2,925 | |
| Current assets | 29/58 | €2,892,990 | €3,173,780 | +€280,790 | +9.7% |
| Amounts receivable after more than one year | 29 | - | €2,943,600 | +€2.9m | |
| Other amounts receivable | 291 | - | €2,943,600 | +€2.9m | |
| Amounts receivable within one year | 40/41 | €69,734 | €43,475 | -€26,259 | -37.7% |
| Trade receivables | 40 | €43,901 | €26,499 | -€17,401 | -39.6% |
| Other amounts receivable | 41 | €25,833 | €16,976 | -€8,858 | -34.3% |
| Current investments | 50/53 | €2,197,642 | €82,806 | -€2.1m | -96.2% |
| Cash at bank and in hand | 54/58 | €625,613 | €103,558 | -€522,056 | -83.4% |
| Deferred charges and accrued income | 490/1 | - | €341 | +€341 | |
| Total equity and liabilities | 10/49 | €2,892,990 | €3,199,019 | +€306,029 | +10.6% |
| Equity | 10/15 | €2,838,524 | €3,042,930 | +€204,405 | +7.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,818,524 | €2,818,524 | = | 0.0% |
| Distributable reserves | 133 | €2,818,524 | €2,818,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €204,405 | +€204,405 | |
| Amounts payable | 17/49 | €54,466 | €156,089 | +€101,624 | +186.6% |
| Amounts payable within one year | 42/48 | €54,466 | €117,660 | +€63,194 | +116.0% |
| Trade debts | 44 | €10,491 | €94,364 | +€83,873 | +799.5% |
| Suppliers | 440/4 | €10,491 | €94,364 | +€83,873 | +799.5% |
| Taxes, remuneration and social security | 45 | €43,975 | €23,296 | -€20,679 | -47.0% |
| Taxes | 450/3 | €43,180 | €22,068 | -€21,113 | -48.9% |
| Remuneration and social security | 454/9 | €794 | €1,229 | +€434 | +54.6% |
| Accrued charges and deferred income | 492/3 | - | €38,429 | +€38,429 | |
| Non-recurring operating income | 76A | €29,800 | - | -€29,800 | |
| Remuneration, social security and pensions | 62 | - | €10,627 | +€10,627 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,862 | €3,528 | -€334 | -8.7% |
| Other operating charges | 640/8 | €2,974 | €2,166 | -€808 | -27.2% |
| Non-recurring operating charges | 66A | €29,473 | - | -€29,473 | |
| Gross operating margin | 9900 | €902,076 | €132,741 | -€769,335 | -85.3% |
| Operating profit (loss) | 9901 | €865,767 | €116,420 | -€749,347 | -86.6% |
| Financial income | 75/76B | €324,519 | €166,249 | -€158,270 | -48.8% |
| Recurring financial income | 75 | €324,519 | €166,249 | -€158,270 | -48.8% |
| Financial charges | 65/66B | €2,358 | €9,290 | +€6,932 | +293.9% |
| Recurring financial charges | 65 | €2,358 | €9,290 | +€6,932 | +293.9% |
| Profit (loss) for the period before taxes | 9903 | €1,187,928 | €273,379 | -€914,549 | -77.0% |
| Income taxes | 67/77 | €220,779 | €68,973 | -€151,806 | -68.8% |
| Profit (loss) for the period | 9904 | €967,149 | €204,405 | -€762,743 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €967,149 | €204,405 | -€762,743 | -78.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.