BlueKnight: 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.
BlueKnight
Largest movements
- Receivables within one year +€142,497
up €142,497 (+141%), from €101,130 to €243,628
of which Trade receivables: +€160,890
- Cash -€96,070
down €96,070 (-24.1%), from €399,266 to €303,197
mainly Receivables within one year (-€142,497) and Contributions, distributions and other (-€99,743)
- Tangible fixed assets -€6,152
down €6,152 (-23.3%), from €26,418 to €20,265
of which Furniture and vehicles: -€5,849
- Reserves +€60,257
up €60,257 (+17.8%), from €338,610 to €398,866
- Other debts -€46,089
down €46,089 (-40.4%), from €114,175 to €68,086
- Tax, wage and social debts +€26,968
up €26,968 (+108%), from €25,037 to €52,005
of which Taxes: +€37,475
- Gross operating margin +€34,228
up €34,228 (+17.1%), from €199,667 to €233,895
- Depreciation +€5,999
up €5,999 (+86.0%), from €6,979 to €12,978
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.
Derived cash bridge
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 | €534,034 | €574,310 | +€40,276 | +7.5% |
| Fixed assets | 21/28 | €33,638 | €27,485 | -€6,152 | -18.3% |
| Tangible fixed assets | 22/27 | €26,418 | €20,265 | -€6,152 | -23.3% |
| Plant, machinery and equipment | 23 | €304 | €0 | -€304 | -100.0% |
| Furniture and vehicles | 24 | €26,114 | €20,265 | -€5,849 | -22.4% |
| Financial fixed assets | 28 | €7,220 | €7,220 | = | 0.0% |
| Current assets | 29/58 | €500,397 | €546,825 | +€46,428 | +9.3% |
| Amounts receivable within one year | 40/41 | €101,130 | €243,628 | +€142,497 | +141% |
| Trade receivables | 40 | €80,343 | €241,233 | +€160,890 | +200% |
| Other amounts receivable | 41 | €20,788 | €2,395 | -€18,393 | -88.5% |
| Cash at bank and in hand | 54/58 | €399,266 | €303,197 | -€96,070 | -24.1% |
| Total equity and liabilities | 10/49 | €534,034 | €574,310 | +€40,276 | +7.5% |
| Equity | 10/15 | €391,419 | €454,219 | +€62,800 | +16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €338,610 | €398,866 | +€60,257 | +17.8% |
| Distributable reserves | 133 | €338,610 | €398,866 | +€60,257 | +17.8% |
| Profit (loss) carried forward | 14 | €34,209 | €36,753 | +€2,544 | +7.4% |
| Amounts payable | 17/49 | €142,615 | €120,091 | -€22,525 | -15.8% |
| Amounts payable within one year | 42/48 | €142,615 | €120,091 | -€22,525 | -15.8% |
| Trade debts | 44 | €3,403 | - | -€3,403 | |
| Suppliers | 440/4 | €3,403 | - | -€3,403 | |
| Taxes, remuneration and social security | 45 | €25,037 | €52,005 | +€26,968 | +108% |
| Taxes | 450/3 | €542 | €38,018 | +€37,475 | +6,911% |
| Remuneration and social security | 454/9 | €24,495 | €13,987 | -€10,508 | -42.9% |
| Other amounts payable | 47/48 | €114,175 | €68,086 | -€46,089 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,979 | €12,978 | +€5,999 | +86.0% |
| Other operating charges | 640/8 | €384 | - | -€384 | |
| Gross operating margin | 9900 | €199,667 | €233,895 | +€34,228 | +17.1% |
| Operating profit (loss) | 9901 | €192,304 | €220,917 | +€28,613 | +14.9% |
| Financial charges | 65/66B | €53 | €45 | -€8 | -15.8% |
| Recurring financial charges | 65 | €53 | €45 | -€8 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €192,251 | €220,872 | +€28,622 | +14.9% |
| Income taxes | 67/77 | €59,007 | €58,329 | -€678 | -1.1% |
| Profit (loss) for the period | 9904 | €133,244 | €162,544 | +€29,299 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €133,244 | €162,544 | +€29,299 | +22.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.