BlueExpert: what changed
Two fiscal 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.
BlueExpert
Largest movements
- Tangible fixed assets +€31,342
up €31,342 (+12.8%), from €245,597 to €276,939
of which Furniture and vehicles: +€51,573
- Cash -€30,220
down €30,220 (-29.4%), from €102,871 to €72,651
mainly Contributions, distributions and other (-€93,000) and Investment in fixed assets (net) (-€73,482)
- Receivables within one year -€7,125
down €7,125 (-33.6%), from €21,183 to €14,059
- Profit (loss) carried forward -€100,451
down €100,451, from €93,317 to -€7,135
- Other debts +€66,847
up €66,847 (+137829.4%), from €49 to €66,896
- Debts after one year +€42,963
up €42,963 (+90.6%), from €47,411 to €90,374
- Accrued charges and deferred income -€8,328
no longer reported in 2025 (was €8,328)
- Tax, wage and social debts -€6,613
down €6,613 (-46.4%), from €14,237 to €7,624
- Gross operating margin -€27,971
down €27,971 (-38.7%), from €72,358 to €44,387
- Depreciation +€10,652
up €10,652 (+33.8%), from €31,487 to €42,140
- Taxes -€8,562
down €8,562 (-78.5%), from €10,907 to €2,345
- Other operating charges +€3,844
up €3,844 (+151.4%), from €2,539 to €6,383
- Financial charges -€2,237
down €2,237 (-60.9%), from €3,672 to €1,435
of which Financial charges: -€2,237
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.
Cash bridge derived
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 | €370,434 | €363,649 | -€6,785 | -1.8% |
| Fixed assets | 21/28 | €245,597 | €276,939 | +€31,342 | +12.8% |
| Tangible fixed assets | 22/27 | €245,597 | €276,939 | +€31,342 | +12.8% |
| Land and buildings | 22 | €227,111 | €206,822 | -€20,289 | -8.9% |
| Plant, machinery and equipment | 23 | €15,200 | €15,258 | +€58 | +0.4% |
| Furniture and vehicles | 24 | €3,286 | €54,859 | +€51,573 | +1569.4% |
| Current assets | 29/58 | €124,837 | €86,710 | -€38,127 | -30.5% |
| Amounts receivable within one year | 40/41 | €21,183 | €14,059 | -€7,125 | -33.6% |
| Trade receivables | 40 | €21,183 | €14,059 | -€7,125 | -33.6% |
| Cash at bank and in hand | 54/58 | €102,871 | €72,651 | -€30,220 | -29.4% |
| Deferred charges and accrued income | 490/1 | €783 | - | -€783 | |
| Total equity and liabilities | 10/49 | €370,434 | €363,649 | -€6,785 | -1.8% |
| Equity | 10/15 | €293,822 | €193,371 | -€100,451 | -34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,905 | €181,905 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €142,545 | €144,405 | +€1,860 | +1.3% |
| Profit (loss) carried forward | 14 | €93,317 | -€7,135 | -€100,451 | |
| Amounts payable | 17/49 | €76,612 | €170,278 | +€93,666 | +122.3% |
| Amounts payable after more than one year | 17 | €47,411 | €90,374 | +€42,963 | +90.6% |
| Financial debts | 170/4 | €47,411 | €90,374 | +€42,963 | +90.6% |
| Amounts payable within one year | 42/48 | €20,873 | €79,904 | +€59,032 | +282.8% |
| Trade debts | 44 | €6,587 | €4,169 | -€2,418 | -36.7% |
| Suppliers | 440/4 | €6,587 | €4,169 | -€2,418 | -36.7% |
| Advances received on contracts in progress | 46 | - | €1,215 | +€1,215 | |
| Taxes, remuneration and social security | 45 | €14,237 | €7,624 | -€6,613 | -46.4% |
| Taxes | 450/3 | €14,237 | €7,624 | -€6,613 | -46.4% |
| Other amounts payable | 47/48 | €49 | €66,896 | +€66,847 | +137829.4% |
| Accrued charges and deferred income | 492/3 | €8,328 | - | -€8,328 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,487 | €42,140 | +€10,652 | +33.8% |
| Other operating charges | 640/8 | €2,539 | €6,383 | +€3,844 | +151.4% |
| Gross operating margin | 9900 | €72,358 | €44,387 | -€27,971 | -38.7% |
| Operating profit (loss) | 9901 | €38,332 | -€4,135 | -€42,467 | |
| Financial income | 75/76B | €12 | €464 | +€452 | +3913.7% |
| Recurring financial income | 75 | €12 | €464 | +€452 | +3913.7% |
| Financial charges | 65/66B | €3,672 | €1,435 | -€2,237 | -60.9% |
| Recurring financial charges | 65 | €3,672 | €1,435 | -€2,237 | -60.9% |
| Non-recurring financial charges | 66B | - | €1,435 | +€1,435 | |
| Profit (loss) for the period before taxes | 9903 | €34,671 | -€5,106 | -€39,777 | |
| Income taxes | 67/77 | €10,907 | €2,345 | -€8,562 | -78.5% |
| Profit (loss) for the period | 9904 | €23,764 | -€7,451 | -€31,215 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,764 | -€7,451 | -€31,215 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.