BLUEPACK: 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.
BLUEPACK
Largest movements
- Receivables within one year +€34,252
up €34,252 (+31.0%), from €110,416 to €144,669
of which Trade receivables: +€34,252
- Tangible fixed assets -€23,594
down €23,594 (-39.3%), from €59,989 to €36,396
of which Furniture and vehicles: -€17,594
- Cash +€1,972
up €1,972 (+45.2%), from €4,365 to €6,336
mainly Trade debts (+€31,831) and Depreciation (+€24,650)
- Trade debts +€31,831
up €31,831 (+109%), from €29,080 to €60,912
- Profit (loss) carried forward -€21,771
down €21,771 (-28.5%), from €76,506 to €54,736
- Advances received +€2,807
new in 2025: €2,807
- Staff costs +€31,340
up €31,340 (+48.0%), from €65,353 to €96,693
- Gross operating margin -€11,271
down €11,271 (-9.0%), from €125,520 to €114,249
- Taxes -€6,741
down €6,741 (-100%), from €6,741 to €0
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 | €183,416 | €194,762 | +€11,346 | +6.2% |
| Fixed assets | 21/28 | €63,929 | €40,336 | -€23,594 | -36.9% |
| Tangible fixed assets | 22/27 | €59,989 | €36,396 | -€23,594 | -39.3% |
| Furniture and vehicles | 24 | €38,681 | €21,087 | -€17,594 | -45.5% |
| Other tangible fixed assets | 26 | €21,309 | €15,309 | -€6,000 | -28.2% |
| Financial fixed assets | 28 | €3,940 | €3,940 | = | 0.0% |
| Current assets | 29/58 | €119,487 | €154,427 | +€34,940 | +29.2% |
| Amounts receivable within one year | 40/41 | €110,416 | €144,669 | +€34,252 | +31.0% |
| Trade receivables | 40 | €110,328 | €144,581 | +€34,252 | +31.0% |
| Other amounts receivable | 41 | €88 | €88 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,365 | €6,336 | +€1,972 | +45.2% |
| Deferred charges and accrued income | 490/1 | €4,706 | €3,422 | -€1,284 | -27.3% |
| Total equity and liabilities | 10/49 | €183,416 | €194,762 | +€11,346 | +6.2% |
| Equity | 10/15 | €86,506 | €64,736 | -€21,771 | -25.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,506 | €54,736 | -€21,771 | -28.5% |
| Amounts payable | 17/49 | €96,910 | €130,026 | +€33,117 | +34.2% |
| Amounts payable within one year | 42/48 | €96,910 | €130,026 | +€33,117 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €7,207 | €6,136 | -€1,071 | -14.9% |
| Trade debts | 44 | €29,080 | €60,912 | +€31,831 | +109% |
| Suppliers | 440/4 | €29,080 | €60,912 | +€31,831 | +109% |
| Advances received on contracts in progress | 46 | - | €2,807 | +€2,807 | |
| Taxes, remuneration and social security | 45 | €20,933 | €19,410 | -€1,523 | -7.3% |
| Taxes | 450/3 | €20,933 | €16,947 | -€3,986 | -19.0% |
| Remuneration and social security | 454/9 | - | €2,463 | +€2,463 | |
| Other amounts payable | 47/48 | €39,689 | €40,761 | +€1,072 | +2.7% |
| Non-recurring operating income | 76A | €1,025 | €0 | -€1,025 | -100% |
| Remuneration, social security and pensions | 62 | €65,353 | €96,693 | +€31,340 | +48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,480 | €24,650 | +€170 | +0.7% |
| Other operating charges | 640/8 | €6,461 | €7,520 | +€1,059 | +16.4% |
| Non-recurring operating charges | 66A | €1,589 | €2,803 | +€1,214 | +76.5% |
| Gross operating margin | 9900 | €125,520 | €114,249 | -€11,271 | -9.0% |
| Operating profit (loss) | 9901 | €27,637 | -€17,417 | -€45,054 | |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.9% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.9% |
| Financial charges | 65/66B | €4,553 | €4,354 | -€199 | -4.4% |
| Recurring financial charges | 65 | €4,553 | €4,354 | -€199 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €23,098 | -€21,771 | -€44,869 | |
| Income taxes | 67/77 | €6,741 | €0 | -€6,741 | -100% |
| Profit (loss) for the period | 9904 | €16,357 | -€21,771 | -€38,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,357 | -€21,771 | -€38,128 |
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 13 October 2026 via checked.be.