BLUECAP HOLDING: 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.
BLUECAP HOLDING
Largest movements
- Deferred charges and accrued income +€23,451
new in 2025: €23,451
- Cash -€4,188
down €4,188 (-67.9%), from €6,166 to €1,979
mainly Net result for the year (-€33,143) and Deferred charges and accrued income (-€23,451)
- Trade debts +€42,407
up €42,407 (+5,422%), from €782 to €43,189
- Profit (loss) carried forward -€33,143
down €33,143 (-20.5%), from -€162,016 to -€195,159
- Debts after one year +€10,000
up €10,000 (+10.0%), from €99,750 to €109,750
- Gross operating margin -€21,414
down €21,414 (-202%), from -€10,584 to -€31,998
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 | €6,166 | €25,430 | +€19,264 | +312% |
| Current assets | 29/58 | €6,166 | €25,430 | +€19,264 | +312% |
| Cash at bank and in hand | 54/58 | €6,166 | €1,979 | -€4,188 | -67.9% |
| Deferred charges and accrued income | 490/1 | - | €23,451 | +€23,451 | |
| Total equity and liabilities | 10/49 | €6,166 | €25,430 | +€19,264 | +312% |
| Equity | 10/15 | -€94,366 | -€127,509 | -€33,143 | -35.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,016 | -€195,159 | -€33,143 | -20.5% |
| Amounts payable | 17/49 | €100,532 | €152,939 | +€52,407 | +52.1% |
| Amounts payable after more than one year | 17 | €99,750 | €109,750 | +€10,000 | +10.0% |
| Financial debts | 170/4 | €99,750 | €109,750 | +€10,000 | +10.0% |
| Amounts payable within one year | 42/48 | €782 | €43,189 | +€42,407 | +5,422% |
| Trade debts | 44 | €782 | €43,189 | +€42,407 | +5,422% |
| Suppliers | 440/4 | €782 | €43,189 | +€42,407 | +5,422% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€10,584 | -€31,998 | -€21,414 | -202% |
| Operating profit (loss) | 9901 | -€11,097 | -€32,526 | -€21,429 | -193% |
| Financial charges | 65/66B | €437 | €617 | +€181 | +41.4% |
| Recurring financial charges | 65 | €437 | €617 | +€181 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,534 | -€33,143 | -€21,610 | -187% |
| Profit (loss) for the period | 9904 | -€11,534 | -€33,143 | -€21,610 | -187% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,534 | -€33,143 | -€21,610 | -187% |
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 14 October 2026 via checked.be.