BluElec: 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.
BluElec
Largest movements
- Receivables within one year -€1,635
down €1,635 (-80.9%), from €2,021 to €386
of which Trade receivables: -€1,754
- Intangible fixed assets -€510
down €510 (-17.4%), from €2,932 to €2,422
- Cash +€252
up €252 (+131.8%), from €191 to €443
mainly Receivables within one year (+€1,635) and Other debts (+€1,400)
- Deferred charges and accrued income +€185
up €185, from €0 to €185
- Profit (loss) carried forward -€2,798
down €2,798 (-6.3%), from -€44,449 to -€47,246
- Other debts +€1,400
up €1,400 (+4.8%), from €28,886 to €30,286
- Accrued charges and deferred income -€384
down €384 (-100.0%), from €384 to €0
- Trade debts +€73
up €73, from €0 to €73
- Purchases and services -€12,059
no longer reported in 2025 (was €12,059)
- Turnover -€11,323
no longer reported in 2025 (was €11,323)
- Depreciation -€1,522
down €1,522 (-74.9%), from €2,032 to €510
- Gross operating margin -€1,021
down €1,021 (-138.7%), from -€736 to -€1,757
- Other operating charges -€184
down €184 (-31.5%), from €583 to €400
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 | €5,143 | €3,434 | -€1,709 | -33.2% |
| Fixed assets | 21/28 | €2,932 | €2,422 | -€510 | -17.4% |
| Intangible fixed assets | 21 | €2,932 | €2,422 | -€510 | -17.4% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €2,212 | €1,013 | -€1,199 | -54.2% |
| Amounts receivable within one year | 40/41 | €2,021 | €386 | -€1,635 | -80.9% |
| Trade receivables | 40 | €1,966 | €211 | -€1,754 | -89.3% |
| Other amounts receivable | 41 | €55 | €174 | +€119 | +216.5% |
| Cash at bank and in hand | 54/58 | €191 | €443 | +€252 | +131.8% |
| Deferred charges and accrued income | 490/1 | €0 | €185 | +€185 | |
| Total equity and liabilities | 10/49 | €5,143 | €3,434 | -€1,709 | -33.2% |
| Equity | 10/15 | -€24,449 | -€27,246 | -€2,798 | -11.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,449 | -€47,246 | -€2,798 | -6.3% |
| Amounts payable | 17/49 | €29,592 | €30,681 | +€1,089 | +3.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €29,207 | €30,681 | +€1,473 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | €73 | +€73 | |
| Suppliers | 440/4 | €0 | €73 | +€73 | |
| Taxes, remuneration and social security | 45 | €321 | €321 | = | 0.0% |
| Taxes | 450/3 | €321 | €321 | = | 0.0% |
| Other amounts payable | 47/48 | €28,886 | €30,286 | +€1,400 | +4.8% |
| Accrued charges and deferred income | 492/3 | €384 | €0 | -€384 | -100.0% |
| Turnover | 70 | €11,323 | - | -€11,323 | |
| Goods, raw materials, services and sundry goods | 60/61 | €12,059 | - | -€12,059 | |
| Remuneration, social security and pensions | 62 | €163 | €0 | -€163 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,032 | €510 | -€1,522 | -74.9% |
| Other operating charges | 640/8 | €583 | €400 | -€184 | -31.5% |
| Gross operating margin | 9900 | -€736 | -€1,757 | -€1,021 | -138.7% |
| Operating profit (loss) | 9901 | -€3,515 | -€2,666 | +€848 | +24.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €192 | €131 | -€61 | -31.7% |
| Recurring financial charges | 65 | €192 | €131 | -€61 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,707 | -€2,798 | +€909 | +24.5% |
| Profit (loss) for the period | 9904 | -€3,707 | -€2,798 | +€909 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,707 | -€2,798 | +€909 | +24.5% |
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 4 October 2026 via checked.be.