BLUEICE: what changed
BLUEICE
Largest movements
- Current investments -€498,821
down €498,821 (-86.4%), from €577,349 to €78,528
- Cash +€210,355
up €210,355 (+422%), from €49,797 to €260,152
mainly Current investments (+€498,821) and Depreciation (+€23,069)
- Tangible fixed assets -€23,069
down €23,069 (-31.9%), from €72,388 to €49,319
of which Furniture and vehicles: -€13,472
- Deferred charges and accrued income -€21,454
down €21,454 (-89.0%), from €24,095 to €2,641
- Receivables within one year -€13,084
down €13,084 (-4.3%), from €302,469 to €289,385
of which Trade receivables: -€29,446
- Profit (loss) carried forward -€294,919
down €294,919 (-457%), from -€64,579 to -€359,498
- Tax, wage and social debts -€37,659
down €37,659 (-35.7%), from €105,480 to €67,822
of which Remuneration and social security: -€35,747
- Trade debts -€13,684
down €13,684 (-81.3%), from €16,826 to €3,142
- Gross operating margin -€532,311
down €532,311 (-69.2%), from €769,629 to €237,318
- Staff costs -€73,250
down €73,250 (-13.0%), from €565,391 to €492,141
- Write-downs -€69,732
down €69,732 (-80.4%), from €86,732 to €17,000
- Other operating charges -€10,430
down €10,430 (-69.5%), from €15,015 to €4,584
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,046,098 | €700,025 | -€346,073 | -33.1% |
| Fixed assets | 21/28 | €92,388 | €69,319 | -€23,069 | -25.0% |
| Tangible fixed assets | 22/27 | €72,388 | €49,319 | -€23,069 | -31.9% |
| Plant, machinery and equipment | 23 | €13,308 | €4,144 | -€9,165 | -68.9% |
| Furniture and vehicles | 24 | €56,170 | €42,698 | -€13,472 | -24.0% |
| Other tangible fixed assets | 26 | €2,910 | €2,477 | -€433 | -14.9% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €953,710 | €630,706 | -€323,004 | -33.9% |
| Amounts receivable within one year | 40/41 | €302,469 | €289,385 | -€13,084 | -4.3% |
| Trade receivables | 40 | €300,679 | €271,234 | -€29,446 | -9.8% |
| Other amounts receivable | 41 | €1,790 | €18,151 | +€16,362 | +914% |
| Current investments | 50/53 | €577,349 | €78,528 | -€498,821 | -86.4% |
| Cash at bank and in hand | 54/58 | €49,797 | €260,152 | +€210,355 | +422% |
| Deferred charges and accrued income | 490/1 | €24,095 | €2,641 | -€21,454 | -89.0% |
| Total equity and liabilities | 10/49 | €1,046,098 | €700,025 | -€346,073 | -33.1% |
| Equity | 10/15 | €541,873 | €246,954 | -€294,919 | -54.4% |
| Contributions | 10/11 | €106,200 | €106,200 | = | 0.0% |
| Reserves | 13 | €500,252 | €500,252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,860 | €11,860 | = | 0.0% |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €488,392 | €488,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,579 | -€359,498 | -€294,919 | -457% |
| Amounts payable | 17/49 | €504,226 | €453,071 | -€51,154 | -10.1% |
| Amounts payable within one year | 42/48 | €504,226 | €453,071 | -€51,154 | -10.1% |
| Financial debts | 43 | €0 | €659 | +€659 | |
| Credit institutions | 430/8 | €0 | €659 | +€659 | |
| Trade debts | 44 | €16,826 | €3,142 | -€13,684 | -81.3% |
| Suppliers | 440/4 | €16,826 | €3,142 | -€13,684 | -81.3% |
| Taxes, remuneration and social security | 45 | €105,480 | €67,822 | -€37,659 | -35.7% |
| Taxes | 450/3 | €6,971 | €5,060 | -€1,911 | -27.4% |
| Remuneration and social security | 454/9 | €98,509 | €62,761 | -€35,747 | -36.3% |
| Other amounts payable | 47/48 | €381,920 | €381,449 | -€471 | -0.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €565,391 | €492,141 | -€73,250 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,181 | €23,069 | +€4,888 | +26.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €86,732 | €17,000 | -€69,732 | -80.4% |
| Other operating charges | 640/8 | €15,015 | €4,584 | -€10,430 | -69.5% |
| Gross operating margin | 9900 | €769,629 | €237,318 | -€532,311 | -69.2% |
| Operating profit (loss) | 9901 | €84,310 | -€299,477 | -€383,787 | |
| Financial income | 75/76B | €9,805 | €6,670 | -€3,135 | -32.0% |
| Recurring financial income | 75 | €9,805 | €6,670 | -€3,135 | -32.0% |
| Financial charges | 65/66B | €7,947 | €1,184 | -€6,763 | -85.1% |
| Recurring financial charges | 65 | €7,947 | €1,184 | -€6,763 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | €86,168 | -€293,992 | -€380,159 | |
| Income taxes | 67/77 | €1,074 | €927 | -€147 | -13.7% |
| Profit (loss) for the period | 9904 | €85,094 | -€294,919 | -€380,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,094 | -€294,919 | -€380,013 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.