BLUECORP: 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.
BLUECORP
Largest movements
- Receivables within one year +€193,901
up €193,901 (+43.5%), from €445,342 to €639,242
of which Trade receivables: +€193,901
- Cash -€78,265
down €78,265 (-52.0%), from €150,619 to €72,354
mainly Receivables within one year (-€193,901) and Trade debts (-€19,703)
- Short-term financial debts +€150,000
new in 2026: €150,000
- Trade debts -€19,703
down €19,703 (-5.4%), from €367,199 to €347,496
- Tax, wage and social debts -€9,077
down €9,077 (-36.0%), from €25,181 to €16,104
- Other debts -€7,920
down €7,920 (-6.9%), from €114,530 to €106,611
- Gross operating margin +€14,685
up €14,685 (+336%), from €4,371 to €19,056
- Financial charges +€13,270
up €13,270 (+155%), from €8,571 to €21,841
- Financial income -€4,961
down €4,961 (-46.6%), from €10,650 to €5,688
- Taxes -€967
down €967 (-57.0%), from €1,696 to €729
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €596,618 | €713,079 | +€116,460 | +19.5% |
| Current assets | 29/58 | €596,618 | €713,079 | +€116,460 | +19.5% |
| Amounts receivable within one year | 40/41 | €445,342 | €639,242 | +€193,901 | +43.5% |
| Trade receivables | 40 | €445,342 | €639,242 | +€193,901 | +43.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €150,619 | €72,354 | -€78,265 | -52.0% |
| Deferred charges and accrued income | 490/1 | €657 | €1,482 | +€825 | +125% |
| Total equity and liabilities | 10/49 | €596,618 | €713,079 | +€116,460 | +19.5% |
| Equity | 10/15 | €89,708 | €91,210 | +€1,502 | +1.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,860 | €58,860 | = | 0.0% |
| Distributable reserves | 133 | €58,860 | €58,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,648 | €26,150 | +€1,502 | +6.1% |
| Amounts payable | 17/49 | €506,910 | €621,869 | +€114,958 | +22.7% |
| Amounts payable within one year | 42/48 | €506,910 | €620,211 | +€113,301 | +22.4% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €367,199 | €347,496 | -€19,703 | -5.4% |
| Suppliers | 440/4 | €367,199 | €347,496 | -€19,703 | -5.4% |
| Taxes, remuneration and social security | 45 | €25,181 | €16,104 | -€9,077 | -36.0% |
| Taxes | 450/3 | €25,181 | €16,104 | -€9,077 | -36.0% |
| Other amounts payable | 47/48 | €114,530 | €106,611 | -€7,920 | -6.9% |
| Accrued charges and deferred income | 492/3 | - | €1,658 | +€1,658 | |
| Other operating charges | 640/8 | €659 | €672 | +€12 | +1.9% |
| Gross operating margin | 9900 | €4,371 | €19,056 | +€14,685 | +336% |
| Operating profit (loss) | 9901 | €3,711 | €18,384 | +€14,673 | +395% |
| Financial income | 75/76B | €10,650 | €5,688 | -€4,961 | -46.6% |
| Recurring financial income | 75 | €10,650 | €5,688 | -€4,961 | -46.6% |
| Financial charges | 65/66B | €8,571 | €21,841 | +€13,270 | +155% |
| Recurring financial charges | 65 | €8,571 | €21,841 | +€13,270 | +155% |
| Profit (loss) for the period before taxes | 9903 | €5,790 | €2,231 | -€3,559 | -61.5% |
| Income taxes | 67/77 | €1,696 | €729 | -€967 | -57.0% |
| Profit (loss) for the period | 9904 | €4,094 | €1,502 | -€2,592 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,094 | €1,502 | -€2,592 | -63.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.