Bluefish: 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.
Bluefish
Largest movements
- Cash +€16,776
up €16,776 (+60.7%), from €27,625 to €44,401
mainly Net result for the year (+€45,429) and Other debts (+€6,614)
- Deferred charges and accrued income +€4,021
up €4,021 (+414.0%), from €971 to €4,992
- Receivables within one year +€2,604
up €2,604 (+12.6%), from €20,649 to €23,253
of which Trade receivables: +€2,596
- Tangible fixed assets -€1,695
down €1,695 (-28.1%), from €6,034 to €4,339
of which Furniture and vehicles: -€1,695
- Profit (loss) carried forward +€45,429
up €45,429 (+57.6%), from -€78,934 to -€33,505
- Tax, wage and social debts -€31,458
down €31,458 (-57.8%), from €54,398 to €22,940
- Other debts +€6,614
up €6,614 (+15.1%), from €43,857 to €50,471
- Trade debts +€1,107
up €1,107 (+17.3%), from €6,400 to €7,507
- Gross operating margin +€88,555
up €88,555 (+940.9%), from €9,412 to €97,967
- Depreciation -€2,552
down €2,552 (-60.1%), from €4,247 to €1,695
- Financial charges +€2,515
up €2,515 (+5.4%), from €46,347 to €48,863
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 | €55,280 | €76,985 | +€21,705 | +39.3% |
| Fixed assets | 21/28 | €6,034 | €4,339 | -€1,695 | -28.1% |
| Tangible fixed assets | 22/27 | €6,034 | €4,339 | -€1,695 | -28.1% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,034 | €4,339 | -€1,695 | -28.1% |
| Current assets | 29/58 | €49,246 | €72,646 | +€23,400 | +47.5% |
| Amounts receivable within one year | 40/41 | €20,649 | €23,253 | +€2,604 | +12.6% |
| Trade receivables | 40 | €20,393 | €22,990 | +€2,596 | +12.7% |
| Other amounts receivable | 41 | €256 | €263 | +€7 | +2.8% |
| Cash at bank and in hand | 54/58 | €27,625 | €44,401 | +€16,776 | +60.7% |
| Deferred charges and accrued income | 490/1 | €971 | €4,992 | +€4,021 | +414.0% |
| Total equity and liabilities | 10/49 | €55,280 | €76,985 | +€21,705 | +39.3% |
| Equity | 10/15 | -€49,374 | -€3,945 | +€45,429 | +92.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,360 | €23,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,500 | €21,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,934 | -€33,505 | +€45,429 | +57.6% |
| Amounts payable | 17/49 | €104,655 | €80,930 | -€23,724 | -22.7% |
| Amounts payable within one year | 42/48 | €104,655 | €80,930 | -€23,724 | -22.7% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €6,400 | €7,507 | +€1,107 | +17.3% |
| Suppliers | 440/4 | €6,400 | €7,507 | +€1,107 | +17.3% |
| Taxes, remuneration and social security | 45 | €54,398 | €22,940 | -€31,458 | -57.8% |
| Taxes | 450/3 | €54,398 | €22,940 | -€31,458 | -57.8% |
| Other amounts payable | 47/48 | €43,857 | €50,471 | +€6,614 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,247 | €1,695 | -€2,552 | -60.1% |
| Other operating charges | 640/8 | €789 | €1,360 | +€571 | +72.3% |
| Gross operating margin | 9900 | €9,412 | €97,967 | +€88,555 | +940.9% |
| Operating profit (loss) | 9901 | €4,375 | €94,912 | +€90,537 | +2069.2% |
| Financial income | 75/76B | €9 | €7 | -€2 | -17.4% |
| Recurring financial income | 75 | €9 | €7 | -€2 | -17.4% |
| Financial charges | 65/66B | €46,347 | €48,863 | +€2,515 | +5.4% |
| Recurring financial charges | 65 | €46,347 | €48,863 | +€2,515 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€41,963 | €46,057 | +€88,020 | |
| Income taxes | 67/77 | €660 | €627 | -€33 | -5.0% |
| Profit (loss) for the period | 9904 | -€42,624 | €45,429 | +€88,053 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,624 | €45,429 | +€88,053 |
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 3 October 2026 via checked.be.