BlueSky Holding: 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.
BlueSky Holding
Largest movements
- Tangible fixed assets +€197,751
new in 2025: €197,751
- Receivables within one year +€29,744
up €29,744 (+290%), from €10,250 to €39,994
of which Other amounts receivable: +€21,524
- Cash -€17,035
down €17,035 (-26.5%), from €64,176 to €47,141
mainly Investment in fixed assets (net) (-€205,000) and Receivables within one year (-€29,744)
- Debts after one year +€87,390
up €87,390 (+10.1%), from €861,129 to €948,519
- Reserves +€84,604
up €84,604 (+83.8%), from €100,924 to €185,528
- Tax, wage and social debts +€24,123
up €24,123 (+62.6%), from €38,546 to €62,669
- Other operating charges +€28,471
up €28,471 (+5,634%), from €505 to €28,976
- Financial income -€15,601
down €15,601 (-40.8%), from €38,258 to €22,656
- Taxes -€12,109
down €12,109 (-35.3%), from €34,270 to €22,161
- Gross operating margin +€7,288
up €7,288 (+4.7%), from €156,416 to €163,704
- Depreciation -€6,103
down €6,103 (-45.7%), from €13,352 to €7,249
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 | €1,411,926 | €1,622,386 | +€210,459 | +14.9% |
| Fixed assets | 21/28 | €1,337,500 | €1,535,251 | +€197,751 | +14.8% |
| Tangible fixed assets | 22/27 | - | €197,751 | +€197,751 | |
| Land and buildings | 22 | - | €197,751 | +€197,751 | |
| Financial fixed assets | 28 | €1,337,500 | €1,337,500 | = | 0.0% |
| Current assets | 29/58 | €74,426 | €87,135 | +€12,709 | +17.1% |
| Amounts receivable within one year | 40/41 | €10,250 | €39,994 | +€29,744 | +290% |
| Trade receivables | 40 | €10,250 | €18,471 | +€8,221 | +80.2% |
| Other amounts receivable | 41 | - | €21,524 | +€21,524 | |
| Cash at bank and in hand | 54/58 | €64,176 | €47,141 | -€17,035 | -26.5% |
| Total equity and liabilities | 10/49 | €1,411,926 | €1,622,386 | +€210,459 | +14.9% |
| Equity | 10/15 | €400,924 | €485,528 | +€84,604 | +21.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €100,924 | €185,528 | +€84,604 | +83.8% |
| Distributable reserves | 133 | €100,924 | €185,528 | +€84,604 | +83.8% |
| Amounts payable | 17/49 | €1,011,002 | €1,136,857 | +€125,855 | +12.4% |
| Amounts payable after more than one year | 17 | €861,129 | €948,519 | +€87,390 | +10.1% |
| Financial debts | 170/4 | €861,129 | €948,519 | +€87,390 | +10.1% |
| Amounts payable within one year | 42/48 | €136,122 | €174,588 | +€38,466 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €97,577 | €111,599 | +€14,022 | +14.4% |
| Trade debts | 44 | - | €321 | +€321 | |
| Suppliers | 440/4 | - | €321 | +€321 | |
| Taxes, remuneration and social security | 45 | €38,546 | €62,669 | +€24,123 | +62.6% |
| Taxes | 450/3 | €38,546 | €62,669 | +€24,123 | +62.6% |
| Accrued charges and deferred income | 492/3 | €13,750 | €13,750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,352 | €7,249 | -€6,103 | -45.7% |
| Other operating charges | 640/8 | €505 | €28,976 | +€28,471 | +5,634% |
| Gross operating margin | 9900 | €156,416 | €163,704 | +€7,288 | +4.7% |
| Operating profit (loss) | 9901 | €142,559 | €127,479 | -€15,080 | -10.6% |
| Financial income | 75/76B | €38,258 | €22,656 | -€15,601 | -40.8% |
| Recurring financial income | 75 | €38,258 | €22,656 | -€15,601 | -40.8% |
| Financial charges | 65/66B | €45,622 | €43,370 | -€2,252 | -4.9% |
| Recurring financial charges | 65 | €45,622 | €43,370 | -€2,252 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €135,194 | €106,765 | -€28,429 | -21.0% |
| Income taxes | 67/77 | €34,270 | €22,161 | -€12,109 | -35.3% |
| Profit (loss) for the period | 9904 | €100,924 | €84,604 | -€16,320 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,924 | €84,604 | -€16,320 | -16.2% |
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 26 October 2026 via checked.be.