BlueChem: 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.
BlueChem
Largest movements
- Cash +€267,330
up €267,330 (+200%), from €133,844 to €401,174
mainly Depreciation (+€408,735) and Debts after one year (+€200,437)
- Tangible fixed assets -€155,901
down €155,901 (-2.1%), from €7.4m to €7.2m
of which Land and buildings: -€265,445
- Debts after one year +€200,437
up €200,437 (+2.9%), from €6.9m to €7.1m
of which Financial debts: +€482,364
- Gross operating margin -€60,250
down €60,250 (-10.1%), from €595,806 to €535,556
- Depreciation +€19,460
up €19,460 (+5.0%), from €389,275 to €408,735
- Staff costs +€8,847
up €8,847 (+12.5%), from €70,994 to €79,841
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 | €7,757,633 | €7,848,522 | +€90,889 | +1.2% |
| Fixed assets | 21/28 | €7,387,622 | €7,246,344 | -€141,277 | -1.9% |
| Intangible fixed assets | 21 | €8,604 | €23,228 | +€14,624 | +170% |
| Tangible fixed assets | 22/27 | €7,379,018 | €7,223,117 | -€155,901 | -2.1% |
| Land and buildings | 22 | €7,091,612 | €6,826,167 | -€265,445 | -3.7% |
| Plant, machinery and equipment | 23 | €3,315 | €3,549 | +€235 | +7.1% |
| Furniture and vehicles | 24 | €196,782 | €160,385 | -€36,397 | -18.5% |
| Assets under construction and advance payments | 27 | €87,309 | €233,015 | +€145,707 | +167% |
| Current assets | 29/58 | €370,011 | €602,177 | +€232,166 | +62.7% |
| Amounts receivable within one year | 40/41 | €230,835 | €185,360 | -€45,475 | -19.7% |
| Trade receivables | 40 | €155,788 | €164,036 | +€8,249 | +5.3% |
| Other amounts receivable | 41 | €75,048 | €21,324 | -€53,724 | -71.6% |
| Cash at bank and in hand | 54/58 | €133,844 | €401,174 | +€267,330 | +200% |
| Deferred charges and accrued income | 490/1 | €5,332 | €15,643 | +€10,311 | +193% |
| Total equity and liabilities | 10/49 | €7,757,633 | €7,848,522 | +€90,889 | +1.2% |
| Equity | 10/15 | €275,326 | €258,924 | -€16,403 | -6.0% |
| Contributions | 10/11 | €517,306 | €517,306 | = | 0.0% |
| Capital | 10 | €517,306 | €517,306 | = | 0.0% |
| Issued capital | 100 | €517,306 | €517,306 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€241,980 | -€258,382 | -€16,403 | -6.8% |
| Amounts payable | 17/49 | €7,482,306 | €7,589,598 | +€107,291 | +1.4% |
| Amounts payable after more than one year | 17 | €6,909,073 | €7,109,510 | +€200,437 | +2.9% |
| Financial debts | 170/4 | €210,000 | €692,364 | +€482,364 | +230% |
| Trade debts | 175 | €6,579,503 | €6,305,816 | -€273,687 | -4.2% |
| Other amounts payable | 178/9 | €119,570 | €111,330 | -€8,240 | -6.9% |
| Amounts payable within one year | 42/48 | €505,144 | €456,630 | -€48,514 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €345,624 | €358,584 | +€12,960 | +3.7% |
| Trade debts | 44 | €148,995 | €98,046 | -€50,950 | -34.2% |
| Suppliers | 440/4 | €148,995 | €98,046 | -€50,950 | -34.2% |
| Taxes, remuneration and social security | 45 | €10,525 | - | -€10,525 | |
| Taxes | 450/3 | €10,525 | - | -€10,525 | |
| Accrued charges and deferred income | 492/3 | €68,089 | €23,457 | -€44,631 | -65.5% |
| Remuneration, social security and pensions | 62 | €70,994 | €79,841 | +€8,847 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €389,275 | €408,735 | +€19,460 | +5.0% |
| Other operating charges | 640/8 | €50,677 | €51,898 | +€1,220 | +2.4% |
| Gross operating margin | 9900 | €595,806 | €535,556 | -€60,250 | -10.1% |
| Operating profit (loss) | 9901 | €84,860 | -€4,918 | -€89,778 | |
| Financial income | 75/76B | €187 | €602 | +€415 | +222% |
| Recurring financial income | 75 | €187 | €602 | +€415 | +222% |
| Financial charges | 65/66B | €9,130 | €12,086 | +€2,956 | +32.4% |
| Recurring financial charges | 65 | €9,130 | €12,086 | +€2,956 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €75,916 | -€16,403 | -€92,319 | |
| Profit (loss) for the period | 9904 | €75,916 | -€16,403 | -€92,319 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,916 | -€16,403 | -€92,319 |
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 28 October 2026 via checked.be.