Bluefire: 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.
Bluefire
Largest movements
- Cash -€13,240
down €13,240 (-8.6%), from €154,280 to €141,040
mainly Contributions, distributions and other (-€38,600) and Tax, wage and social debts (-€20,347)
- Receivables within one year +€9,273
up €9,273 (+27.0%), from €34,292 to €43,565
of which Other amounts receivable: +€10,344
- Tangible fixed assets -€6,055
down €6,055 (-5.3%), from €114,009 to €107,953
of which Other tangible fixed assets: -€7,030
- Other debts +€32,089
up €32,089 (+767.4%), from €4,181 to €36,270
- Tax, wage and social debts -€20,347
down €20,347 (-63.7%), from €31,959 to €11,612
of which Taxes: -€13,315
- Debts after one year -€10,717
down €10,717 (-10.7%), from €100,075 to €89,358
- Trade debts -€4,854
down €4,854 (-64.2%), from €7,566 to €2,712
- Reserves -€4,760
down €4,760 (-3.7%), from €128,850 to €124,090
- Gross operating margin -€20,179
down €20,179 (-25.4%), from €79,584 to €59,405
- Taxes -€6,119
down €6,119 (-31.3%), from €19,552 to €13,433
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 | €303,639 | €293,580 | -€10,059 | -3.3% |
| Fixed assets | 21/28 | €114,284 | €108,228 | -€6,055 | -5.3% |
| Tangible fixed assets | 22/27 | €114,009 | €107,953 | -€6,055 | -5.3% |
| Land and buildings | 22 | €3,099 | €2,943 | -€156 | -5.0% |
| Furniture and vehicles | 24 | €6,407 | €7,538 | +€1,131 | +17.6% |
| Other tangible fixed assets | 26 | €104,503 | €97,473 | -€7,030 | -6.7% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €189,355 | €185,351 | -€4,004 | -2.1% |
| Amounts receivable within one year | 40/41 | €34,292 | €43,565 | +€9,273 | +27.0% |
| Trade receivables | 40 | €34,282 | €33,210 | -€1,071 | -3.1% |
| Other amounts receivable | 41 | €11 | €10,355 | +€10,344 | +96947.9% |
| Cash at bank and in hand | 54/58 | €154,280 | €141,040 | -€13,240 | -8.6% |
| Deferred charges and accrued income | 490/1 | €782 | €746 | -€36 | -4.7% |
| Total equity and liabilities | 10/49 | €303,639 | €293,580 | -€10,059 | -3.3% |
| Equity | 10/15 | €149,262 | €142,910 | -€6,351 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,850 | €124,090 | -€4,760 | -3.7% |
| Distributable reserves | 133 | €128,850 | €124,090 | -€4,760 | -3.7% |
| Profit (loss) carried forward | 14 | €1,812 | €220 | -€1,591 | -87.8% |
| Amounts payable | 17/49 | €154,377 | €150,669 | -€3,707 | -2.4% |
| Amounts payable after more than one year | 17 | €100,075 | €89,358 | -€10,717 | -10.7% |
| Financial debts | 170/4 | €100,075 | €89,358 | -€10,717 | -10.7% |
| Amounts payable within one year | 42/48 | €54,301 | €61,311 | +€7,010 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €10,594 | €10,717 | +€123 | +1.2% |
| Trade debts | 44 | €7,566 | €2,712 | -€4,854 | -64.2% |
| Suppliers | 440/4 | €7,566 | €2,712 | -€4,854 | -64.2% |
| Taxes, remuneration and social security | 45 | €31,959 | €11,612 | -€20,347 | -63.7% |
| Taxes | 450/3 | €21,411 | €8,096 | -€13,315 | -62.2% |
| Remuneration and social security | 454/9 | €10,549 | €3,516 | -€7,033 | -66.7% |
| Other amounts payable | 47/48 | €4,181 | €36,270 | +€32,089 | +767.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,246 | €10,084 | -€162 | -1.6% |
| Other operating charges | 640/8 | €2,370 | €2,237 | -€133 | -5.6% |
| Gross operating margin | 9900 | €79,584 | €59,405 | -€20,179 | -25.4% |
| Operating profit (loss) | 9901 | €66,968 | €47,084 | -€19,884 | -29.7% |
| Financial income | 75/76B | - | €232 | +€232 | |
| Recurring financial income | 75 | - | €232 | +€232 | |
| Financial charges | 65/66B | €1,715 | €1,634 | -€81 | -4.7% |
| Recurring financial charges | 65 | €1,715 | €1,634 | -€81 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €65,253 | €45,682 | -€19,572 | -30.0% |
| Income taxes | 67/77 | €19,552 | €13,433 | -€6,119 | -31.3% |
| Profit (loss) for the period | 9904 | €45,702 | €32,249 | -€13,453 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,702 | €32,249 | -€13,453 | -29.4% |
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 12 October 2026 via checked.be.