BLUESALT HR: what changed
What changed
BLUESALT HR
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€11,366
2024 · €54,643-€66,009
Equity
€71,045
2024 · €82,410-€11,366
Cash
€0
2024 · €88,369-€88,369
Balance sheet total
€429,828
2024 · €465,260-€35,432
Largest movements
Assets
- Cash -€88,369
down €88,369 (-100%), from €88,369 to €0
mainly Investment in fixed assets (net) (-€124,235) and Tax, wage and social debts (-€57,895)
- Intangible fixed assets +€59,027
new in 2025: €59,027
- Receivables within one year -€23,712
down €23,712 (-9.4%), from €252,777 to €229,065
- Tangible fixed assets +€20,646
up €20,646 (+17.6%), from €117,488 to €138,134
of which Other tangible fixed assets: +€70,757
Equity and liabilities
- Short-term financial debts +€65,864
new in 2025: €65,864
- Tax, wage and social debts -€57,895
down €57,895 (-51.3%), from €112,841 to €54,946
of which Taxes: -€38,759
- Trade debts +€44,732
up €44,732 (+49.7%), from €89,951 to €134,683
- Debts after one year -€40,928
down €40,928 (-89.6%), from €45,690 to €4,761
- Other debts -€31,950
down €31,950 (-35.7%), from €89,549 to €57,600
Income statement
- Gross operating margin -€199,517
down €199,517 (-30.4%), from €656,808 to €457,291
- Staff costs -€114,387
down €114,387 (-21.9%), from €523,093 to €408,706
- Taxes -€11,981
down €11,981 (-58.6%), from €20,457 to €8,475
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.
Result 2024
€54,643
Gross operating margin
-€199,517
Staff costs
+€114,387
Depreciation
+€6,498
Other operating charges
-€36
Financial income
+€573
Financial charges
+€104
Taxes
+€11,981
Result 2025
-€11,366
raises the resultlowers the result
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.
From operations
+€14,820
Investment
-€124,235
Financing
+€21,046
Cash 2024
€88,369
From operations (derived)
+€14,820
Net result for the year
-€11,366
Depreciation
+€44,562
Receivables within one year
+€23,712
Deferred charges and accrued income
+€3,024
Trade debts
+€44,732
Tax, wage and social debts
-€57,895
Other debts
-€31,950
Investment (derived)
-€124,235
Investment in fixed assets (net)
-€124,235
Financing
+€21,046
Debts after one year
-€40,928
Current portion of long-term debt
-€3,890
Short-term financial debts
+€65,864
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €465,260 | €429,828 | -€35,432 | -7.6% |
| Fixed assets | 21/28 | €117,488 | €197,160 | +€79,673 | +67.8% |
| Intangible fixed assets | 21 | - | €59,027 | +€59,027 | |
| Tangible fixed assets | 22/27 | €117,488 | €138,134 | +€20,646 | +17.6% |
| Furniture and vehicles | 24 | €80,836 | €36,178 | -€44,658 | -55.2% |
| Leasing and similar rights | 25 | €18,176 | €12,723 | -€5,453 | -30.0% |
| Other tangible fixed assets | 26 | €18,475 | €89,232 | +€70,757 | +383% |
| Current assets | 29/58 | €347,773 | €232,668 | -€115,105 | -33.1% |
| Amounts receivable within one year | 40/41 | €252,777 | €229,065 | -€23,712 | -9.4% |
| Trade receivables | 40 | €252,777 | €229,065 | -€23,712 | -9.4% |
| Cash at bank and in hand | 54/58 | €88,369 | €0 | -€88,369 | -100% |
| Deferred charges and accrued income | 490/1 | €6,626 | €3,603 | -€3,024 | -45.6% |
| Total equity and liabilities | 10/49 | €465,260 | €429,828 | -€35,432 | -7.6% |
| Equity | 10/15 | €82,410 | €71,045 | -€11,366 | -13.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €113,968 | €113,968 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €113,968 | €113,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,958 | -€55,324 | -€11,366 | -25.9% |
| Amounts payable | 17/49 | €382,850 | €358,784 | -€24,066 | -6.3% |
| Amounts payable after more than one year | 17 | €45,690 | €4,761 | -€40,928 | -89.6% |
| Financial debts | 170/4 | €45,690 | €4,761 | -€40,928 | -89.6% |
| Amounts payable within one year | 42/48 | €337,160 | €354,022 | +€16,862 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €44,818 | €40,928 | -€3,890 | -8.7% |
| Financial debts | 43 | - | €65,864 | +€65,864 | |
| Credit institutions | 430/8 | - | €65,864 | +€65,864 | |
| Trade debts | 44 | €89,951 | €134,683 | +€44,732 | +49.7% |
| Suppliers | 440/4 | €89,951 | €134,683 | +€44,732 | +49.7% |
| Taxes, remuneration and social security | 45 | €112,841 | €54,946 | -€57,895 | -51.3% |
| Taxes | 450/3 | €61,953 | €23,194 | -€38,759 | -62.6% |
| Remuneration and social security | 454/9 | €50,888 | €31,752 | -€19,136 | -37.6% |
| Other amounts payable | 47/48 | €89,549 | €57,600 | -€31,950 | -35.7% |
| Non-recurring operating income | 76A | - | €15,379 | +€15,379 | |
| Remuneration, social security and pensions | 62 | €523,093 | €408,706 | -€114,387 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,060 | €44,562 | -€6,498 | -12.7% |
| Other operating charges | 640/8 | €5,224 | €5,260 | +€36 | +0.7% |
| Gross operating margin | 9900 | €656,808 | €457,291 | -€199,517 | -30.4% |
| Operating profit (loss) | 9901 | €77,431 | -€1,237 | -€78,667 | |
| Financial income | 75/76B | €159 | €732 | +€573 | +361% |
| Recurring financial income | 75 | €159 | €732 | +€573 | +361% |
| Financial charges | 65/66B | €2,490 | €2,386 | -€104 | -4.2% |
| Recurring financial charges | 65 | €2,490 | €2,386 | -€104 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €75,100 | -€2,890 | -€77,990 | |
| Income taxes | 67/77 | €20,457 | €8,475 | -€11,981 | -58.6% |
| Profit (loss) for the period | 9904 | €54,643 | -€11,366 | -€66,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,643 | -€11,366 | -€66,009 |
Next steps
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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 3 November 2026 via checked.be.