BLUECIE: 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.
BLUECIE
Largest movements
- Receivables within one year +€59,567
up €59,567 (+36.2%), from €164,402 to €223,969
of which Trade receivables: +€59,947
- Cash +€24,385
up €24,385 (+20.1%), from €121,488 to €145,872
mainly Net result for the year (+€57,565) and Other debts (+€38,671)
- Tangible fixed assets +€16,095
up €16,095 (+43.2%), from €37,249 to €53,344
- Other debts +€38,671
up €38,671 (+20.3%), from €190,219 to €228,891
- Trade debts +€26,271
up €26,271 (+91.2%), from €28,815 to €55,086
- Tax, wage and social debts +€23,465
up €23,465 (+62.9%), from €37,289 to €60,754
of which Taxes: +€24,586
- Current portion of long-term debt +€7,727
up €7,727 (+109%), from €7,067 to €14,794
- Gross operating margin +€32,925
up €32,925 (+12.7%), from €259,819 to €292,744
- Staff costs -€8,871
down €8,871 (-4.0%), from €223,995 to €215,124
- Depreciation +€5,729
up €5,729 (+109%), from €5,257 to €10,985
- Other operating charges -€4,761
down €4,761 (-72.2%), from €6,598 to €1,837
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 | €334,617 | €430,651 | +€96,034 | +28.7% |
| Fixed assets | 21/28 | €43,919 | €60,042 | +€16,123 | +36.7% |
| Tangible fixed assets | 22/27 | €37,249 | €53,344 | +€16,095 | +43.2% |
| Furniture and vehicles | 24 | €37,249 | €53,344 | +€16,095 | +43.2% |
| Financial fixed assets | 28 | €6,670 | €6,698 | +€28 | +0.4% |
| Current assets | 29/58 | €290,698 | €370,609 | +€79,911 | +27.5% |
| Amounts receivable within one year | 40/41 | €164,402 | €223,969 | +€59,567 | +36.2% |
| Trade receivables | 40 | €163,869 | €223,816 | +€59,947 | +36.6% |
| Other amounts receivable | 41 | €533 | €153 | -€380 | -71.3% |
| Cash at bank and in hand | 54/58 | €121,488 | €145,872 | +€24,385 | +20.1% |
| Deferred charges and accrued income | 490/1 | €4,808 | €768 | -€4,040 | -84.0% |
| Total equity and liabilities | 10/49 | €334,617 | €430,651 | +€96,034 | +28.7% |
| Equity | 10/15 | €44,526 | €47,091 | +€2,565 | +5.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €25,976 | €28,541 | +€2,565 | +9.9% |
| Distributable reserves | 133 | €25,976 | €28,541 | +€2,565 | +9.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €290,091 | €383,560 | +€93,469 | +32.2% |
| Amounts payable after more than one year | 17 | €26,257 | €24,036 | -€2,222 | -8.5% |
| Financial debts | 170/4 | €26,257 | €24,036 | -€2,222 | -8.5% |
| Amounts payable within one year | 42/48 | €263,390 | €359,525 | +€96,135 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €7,067 | €14,794 | +€7,727 | +109% |
| Trade debts | 44 | €28,815 | €55,086 | +€26,271 | +91.2% |
| Suppliers | 440/4 | €28,815 | €55,086 | +€26,271 | +91.2% |
| Taxes, remuneration and social security | 45 | €37,289 | €60,754 | +€23,465 | +62.9% |
| Taxes | 450/3 | €10,213 | €34,800 | +€24,586 | +241% |
| Remuneration and social security | 454/9 | €27,075 | €25,954 | -€1,121 | -4.1% |
| Other amounts payable | 47/48 | €190,219 | €228,891 | +€38,671 | +20.3% |
| Accrued charges and deferred income | 492/3 | €444 | €0 | -€444 | -100% |
| Remuneration, social security and pensions | 62 | €223,995 | €215,124 | -€8,871 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,257 | €10,985 | +€5,729 | +109% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€1,039 | -€1,039 | |
| Other operating charges | 640/8 | €6,598 | €1,837 | -€4,761 | -72.2% |
| Gross operating margin | 9900 | €259,819 | €292,744 | +€32,925 | +12.7% |
| Operating profit (loss) | 9901 | €23,969 | €65,836 | +€41,867 | +175% |
| Financial income | 75/76B | €166 | €203 | +€37 | +22.1% |
| Recurring financial income | 75 | €166 | €203 | +€37 | +22.1% |
| Financial charges | 65/66B | €2,241 | €3,058 | +€816 | +36.4% |
| Recurring financial charges | 65 | €2,241 | €3,058 | +€816 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €21,894 | €62,981 | +€41,087 | +188% |
| Income taxes | 67/77 | €5,766 | €5,416 | -€350 | -6.1% |
| Profit (loss) for the period | 9904 | €16,128 | €57,565 | +€41,437 | +257% |
| Profit (loss) for the period to be appropriated | 9905 | €16,128 | €57,565 | +€41,437 | +257% |
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 19 October 2026 via checked.be.