Bluefinance: 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.
Bluefinance
Largest movements
- Deferred charges and accrued income +€7,806
up €7,806 (+215.3%), from €3,626 to €11,432
- Cash +€4,622
up €4,622 (+2.2%), from €209,552 to €214,174
mainly Net result for the year (+€181,458) and Other debts (+€44,868)
- Other debts +€44,868
up €44,868 (+20.7%), from €216,277 to €261,145
- Accrued charges and deferred income -€19,978
down €19,978 (-55.4%), from €36,070 to €16,092
- Tax, wage and social debts -€14,673
down €14,673 (-37.3%), from €39,290 to €24,617
of which Remuneration and social security: -€9,030
- Trade debts +€4,822
up €4,822 (+562.5%), from €857 to €5,679
- Taxes -€12,116
down €12,116 (-18.1%), from €66,929 to €54,813
- Gross operating margin +€5,453
up €5,453 (+1.8%), from €298,367 to €303,820
- Depreciation -€4,858
down €4,858 (-27.0%), from €17,987 to €13,128
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 | €312,899 | €327,938 | +€15,039 | +4.8% |
| Fixed assets | 21/28 | €33,240 | €34,254 | +€1,014 | +3.0% |
| Tangible fixed assets | 22/27 | €33,140 | €34,154 | +€1,014 | +3.1% |
| Plant, machinery and equipment | 23 | €26,559 | €29,746 | +€3,187 | +12.0% |
| Furniture and vehicles | 24 | €5,958 | €3,785 | -€2,173 | -36.5% |
| Other tangible fixed assets | 26 | €623 | €623 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €279,659 | €293,684 | +€14,025 | +5.0% |
| Amounts receivable within one year | 40/41 | €66,481 | €68,078 | +€1,597 | +2.4% |
| Trade receivables | 40 | €3,902 | €1,891 | -€2,011 | -51.5% |
| Other amounts receivable | 41 | €62,579 | €66,188 | +€3,609 | +5.8% |
| Cash at bank and in hand | 54/58 | €209,552 | €214,174 | +€4,622 | +2.2% |
| Deferred charges and accrued income | 490/1 | €3,626 | €11,432 | +€7,806 | +215.3% |
| Total equity and liabilities | 10/49 | €312,899 | €327,938 | +€15,039 | +4.8% |
| Equity | 10/15 | €20,405 | €20,405 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €292,494 | €307,533 | +€15,039 | +5.1% |
| Amounts payable within one year | 42/48 | €256,424 | €291,441 | +€35,017 | +13.7% |
| Trade debts | 44 | €857 | €5,679 | +€4,822 | +562.5% |
| Suppliers | 440/4 | €857 | €5,679 | +€4,822 | +562.5% |
| Taxes, remuneration and social security | 45 | €39,290 | €24,617 | -€14,673 | -37.3% |
| Taxes | 450/3 | €25,621 | €19,978 | -€5,643 | -22.0% |
| Remuneration and social security | 454/9 | €13,669 | €4,639 | -€9,030 | -66.1% |
| Other amounts payable | 47/48 | €216,277 | €261,145 | +€44,868 | +20.7% |
| Accrued charges and deferred income | 492/3 | €36,070 | €16,092 | -€19,978 | -55.4% |
| Non-recurring operating income | 76A | €20,033 | €19,978 | -€55 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,987 | €13,128 | -€4,858 | -27.0% |
| Other operating charges | 640/8 | €375 | €747 | +€373 | +99.3% |
| Non-recurring operating charges | 66A | €0 | €57,855 | +€57,855 | |
| Gross operating margin | 9900 | €298,367 | €303,820 | +€5,453 | +1.8% |
| Operating profit (loss) | 9901 | €280,006 | €232,090 | -€47,916 | -17.1% |
| Financial income | 75/76B | €4,197 | €4,480 | +€283 | +6.7% |
| Recurring financial income | 75 | €4,197 | €4,480 | +€283 | +6.7% |
| Financial charges | 65/66B | €326 | €299 | -€27 | -8.2% |
| Recurring financial charges | 65 | €326 | €299 | -€27 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €283,876 | €236,271 | -€47,606 | -16.8% |
| Income taxes | 67/77 | €66,929 | €54,813 | -€12,116 | -18.1% |
| Profit (loss) for the period | 9904 | €216,948 | €181,458 | -€35,490 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €216,948 | €181,458 | -€35,490 | -16.4% |
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 5 October 2026 via checked.be.