Blueshift BVBA: 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.
Blueshift BVBA
Largest movements
- Stocks and contracts -€9,768
down €9,768 (-23.9%), from €40,913 to €31,145
- Receivables within one year -€9,099
down €9,099 (-70.9%), from €12,833 to €3,734
- Cash -€4,061
down €4,061 (-7.8%), from €51,753 to €47,693
mainly Other debts (-€30,389) and Current portion of long-term debt (-€5,353)
- Other debts -€30,389
down €30,389 (-94.1%), from €32,300 to €1,910
- Reserves +€22,631
up €22,631 (+56.7%), from €39,894 to €62,525
- Current portion of long-term debt -€5,353
no longer reported in 2026 (was €5,353)
- Trade debts -€5,020
down €5,020 (-75.3%), from €6,662 to €1,642
- Tax, wage and social debts -€4,985
no longer reported in 2026 (was €4,985)
- Taxes -€2,895
down €2,895 (-27.5%), from €10,517 to €7,621
- Gross operating margin -€2,633
down €2,633 (-7.2%), from €36,624 to €33,991
- Other operating charges -€614
down €614 (-48.0%), from €1,278 to €664
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,793 | €84,677 | -€23,116 | -21.4% |
| Fixed assets | 21/28 | €192 | €479 | +€287 | +149% |
| Tangible fixed assets | 22/27 | €192 | €479 | +€287 | +149% |
| Furniture and vehicles | 24 | €192 | €479 | +€287 | +149% |
| Current assets | 29/58 | €107,601 | €84,199 | -€23,403 | -21.7% |
| Stocks and contracts in progress | 3 | €40,913 | €31,145 | -€9,768 | -23.9% |
| Stocks | 30/36 | €40,913 | €31,145 | -€9,768 | -23.9% |
| Amounts receivable within one year | 40/41 | €12,833 | €3,734 | -€9,099 | -70.9% |
| Other amounts receivable | 41 | €12,833 | €3,734 | -€9,099 | -70.9% |
| Cash at bank and in hand | 54/58 | €51,753 | €47,693 | -€4,061 | -7.8% |
| Deferred charges and accrued income | 490/1 | €2,102 | €1,627 | -€475 | -22.6% |
| Total equity and liabilities | 10/49 | €107,793 | €84,677 | -€23,116 | -21.4% |
| Equity | 10/15 | €58,494 | €81,125 | +€22,631 | +38.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,894 | €62,525 | +€22,631 | +56.7% |
| Distributable reserves | 133 | €39,894 | €62,525 | +€22,631 | +56.7% |
| Amounts payable | 17/49 | €49,299 | €3,552 | -€45,747 | -92.8% |
| Amounts payable within one year | 42/48 | €49,299 | €3,552 | -€45,747 | -92.8% |
| Current portion of amounts payable after more than one year | 42 | €5,353 | - | -€5,353 | |
| Trade debts | 44 | €6,662 | €1,642 | -€5,020 | -75.3% |
| Suppliers | 440/4 | €6,662 | €1,642 | -€5,020 | -75.3% |
| Taxes, remuneration and social security | 45 | €4,985 | - | -€4,985 | |
| Taxes | 450/3 | €4,985 | - | -€4,985 | |
| Other amounts payable | 47/48 | €32,300 | €1,910 | -€30,389 | -94.1% |
| Non-recurring operating income | 76A | €10,680 | - | -€10,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206 | €269 | +€63 | +30.8% |
| Other operating charges | 640/8 | €1,278 | €664 | -€614 | -48.0% |
| Non-recurring operating charges | 66A | €83 | - | -€83 | |
| Gross operating margin | 9900 | €36,624 | €33,991 | -€2,633 | -7.2% |
| Operating profit (loss) | 9901 | €35,057 | €33,058 | -€1,999 | -5.7% |
| Financial income | 75/76B | €739 | €697 | -€42 | -5.7% |
| Recurring financial income | 75 | €739 | €697 | -€42 | -5.7% |
| Financial charges | 65/66B | €3,615 | €3,502 | -€112 | -3.1% |
| Recurring financial charges | 65 | €3,615 | €3,502 | -€112 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €32,181 | €30,252 | -€1,929 | -6.0% |
| Income taxes | 67/77 | €10,517 | €7,621 | -€2,895 | -27.5% |
| Profit (loss) for the period | 9904 | €21,665 | €22,631 | +€966 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,665 | €22,631 | +€966 | +4.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.