BLUECOCKPIT: 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.
BLUECOCKPIT
Largest movements
- Tangible fixed assets -€36,268
down €36,268 (-12.7%), from €286,573 to €250,305
of which Plant, machinery and equipment: -€29,458
- Cash +€32,741
up €32,741 (+77.5%), from €42,273 to €75,014
mainly Other debts (+€72,740) and Depreciation (+€38,669)
- Deferred charges and accrued income +€15,319
up €15,319 (+1,500%), from €1,021 to €16,340
- Receivables within one year -€4,380
down €4,380 (-29.1%), from €15,028 to €10,648
of which Trade receivables: -€6,414
- Profit (loss) carried forward -€78,639
down €78,639 (-15.3%), from -€514,531 to -€593,170
- Other debts +€72,740
up €72,740 (+9.3%), from €783,171 to €855,911
- Trade debts +€15,007
up €15,007 (+26.0%), from €57,672 to €72,679
- Tax, wage and social debts -€5,039
down €5,039 (-73.3%), from €6,875 to €1,835
of which Taxes: -€6,484
- Taxes +€8,851
new in 2025: €8,851
- Other operating charges +€6,040
new in 2025: €6,040
- Gross operating margin -€4,568
down €4,568 (-26.1%), from -€17,495 to -€22,063
- Staff costs -€1,633
down €1,633 (-44.6%), from €3,660 to €2,028
- Depreciation -€653
down €653 (-1.7%), from €39,322 to €38,669
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 | €401,096 | €403,162 | +€2,067 | +0.5% |
| Fixed assets | 21/28 | €319,346 | €280,677 | -€38,669 | -12.1% |
| Intangible fixed assets | 21 | €14,830 | €12,430 | -€2,401 | -16.2% |
| Tangible fixed assets | 22/27 | €286,573 | €250,305 | -€36,268 | -12.7% |
| Plant, machinery and equipment | 23 | €132,973 | €103,515 | -€29,458 | -22.2% |
| Furniture and vehicles | 24 | €13,905 | €7,095 | -€6,810 | -49.0% |
| Assets under construction and advance payments | 27 | €139,696 | €139,696 | = | 0.0% |
| Financial fixed assets | 28 | €17,943 | €17,943 | = | 0.0% |
| Current assets | 29/58 | €81,749 | €122,485 | +€40,736 | +49.8% |
| Stocks and contracts in progress | 3 | €23,427 | €20,483 | -€2,944 | -12.6% |
| Stocks | 30/36 | €23,427 | €20,483 | -€2,944 | -12.6% |
| Amounts receivable within one year | 40/41 | €15,028 | €10,648 | -€4,380 | -29.1% |
| Trade receivables | 40 | €15,028 | €8,615 | -€6,414 | -42.7% |
| Other amounts receivable | 41 | - | €2,034 | +€2,034 | |
| Cash at bank and in hand | 54/58 | €42,273 | €75,014 | +€32,741 | +77.5% |
| Deferred charges and accrued income | 490/1 | €1,021 | €16,340 | +€15,319 | +1,500% |
| Total equity and liabilities | 10/49 | €401,096 | €403,162 | +€2,067 | +0.5% |
| Equity | 10/15 | -€495,931 | -€574,570 | -€78,639 | -15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€514,531 | -€593,170 | -€78,639 | -15.3% |
| Amounts payable | 17/49 | €897,027 | €977,732 | +€80,706 | +9.0% |
| Amounts payable after more than one year | 17 | €47,307 | €47,307 | = | 0.0% |
| Financial debts | 170/4 | €47,307 | €47,307 | = | 0.0% |
| Amounts payable within one year | 42/48 | €847,718 | €930,425 | +€82,707 | +9.8% |
| Trade debts | 44 | €57,672 | €72,679 | +€15,007 | +26.0% |
| Suppliers | 440/4 | €57,672 | €72,679 | +€15,007 | +26.0% |
| Taxes, remuneration and social security | 45 | €6,875 | €1,835 | -€5,039 | -73.3% |
| Taxes | 450/3 | €6,484 | €0 | -€6,484 | -100% |
| Remuneration and social security | 454/9 | €391 | €1,835 | +€1,444 | +369% |
| Other amounts payable | 47/48 | €783,171 | €855,911 | +€72,740 | +9.3% |
| Accrued charges and deferred income | 492/3 | €2,002 | €0 | -€2,002 | -100% |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €3,660 | €2,028 | -€1,633 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,322 | €38,669 | -€653 | -1.7% |
| Other operating charges | 640/8 | - | €6,040 | +€6,040 | |
| Non-recurring operating charges | 66A | €42,749 | - | -€42,749 | |
| Gross operating margin | 9900 | -€17,495 | -€22,063 | -€4,568 | -26.1% |
| Operating profit (loss) | 9901 | -€103,226 | -€68,799 | +€34,427 | +33.4% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €1,239 | €1,015 | -€224 | -18.1% |
| Recurring financial charges | 65 | €1,239 | €1,015 | -€224 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€104,465 | -€69,788 | +€34,677 | +33.2% |
| Income taxes | 67/77 | - | €8,851 | +€8,851 | |
| Profit (loss) for the period | 9904 | -€104,465 | -€78,639 | +€25,826 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,465 | -€78,639 | +€25,826 | +24.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.