BlueSkyRisq: 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.
BlueSkyRisq
Largest movements
- Current investments +€52,635
new in 2025: €52,635
- Cash +€25,129
up €25,129 (+9.0%), from €279,276 to €304,405
mainly Net result for the year (+€222,424) and Other debts (+€189,944)
- Receivables within one year +€8,105
up €8,105 (+33.0%), from €24,584 to €32,690
of which Other amounts receivable: +€10,477
- Other debts +€189,944
up €189,944 (+129%), from €147,417 to €337,361
- Reserves -€114,912
down €114,912 (-81.1%), from €141,772 to €26,860
of which Distributable reserves: -€113,052
- Tax, wage and social debts +€11,275
up €11,275 (+413%), from €2,733 to €14,008
- Financial income +€142,244
up €142,244 (+4,706%), from €3,023 to €145,267
- Gross operating margin -€27,865
down €27,865 (-15.7%), from €177,556 to €149,691
- Taxes +€22,533
up €22,533 (+48.6%), from €46,345 to €68,877
- Financial charges +€3,172
up €3,172 (+1,509%), from €210 to €3,382
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 | €304,997 | €390,810 | +€85,813 | +28.1% |
| Fixed assets | 21/28 | €1,137 | €1,080 | -€57 | -5.0% |
| Tangible fixed assets | 22/27 | €57 | - | -€57 | |
| Plant, machinery and equipment | 23 | €57 | - | -€57 | |
| Financial fixed assets | 28 | €1,080 | €1,080 | = | 0.0% |
| Current assets | 29/58 | €303,860 | €389,730 | +€85,870 | +28.3% |
| Amounts receivable within one year | 40/41 | €24,584 | €32,690 | +€8,105 | +33.0% |
| Trade receivables | 40 | €18,470 | €16,099 | -€2,371 | -12.8% |
| Other amounts receivable | 41 | €6,114 | €16,590 | +€10,477 | +171% |
| Current investments | 50/53 | - | €52,635 | +€52,635 | |
| Cash at bank and in hand | 54/58 | €279,276 | €304,405 | +€25,129 | +9.0% |
| Total equity and liabilities | 10/49 | €304,997 | €390,810 | +€85,813 | +28.1% |
| Equity | 10/15 | €154,172 | €39,260 | -€114,912 | -74.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €141,772 | €26,860 | -€114,912 | -81.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €139,912 | €26,860 | -€113,052 | -80.8% |
| Amounts payable | 17/49 | €150,825 | €351,550 | +€200,725 | +133% |
| Amounts payable within one year | 42/48 | €150,154 | €351,550 | +€201,396 | +134% |
| Trade debts | 44 | €5 | €182 | +€177 | +3,537% |
| Suppliers | 440/4 | €5 | €182 | +€177 | +3,537% |
| Taxes, remuneration and social security | 45 | €2,733 | €14,008 | +€11,275 | +413% |
| Taxes | 450/3 | €2,733 | €14,008 | +€11,275 | +413% |
| Other amounts payable | 47/48 | €147,417 | €337,361 | +€189,944 | +129% |
| Accrued charges and deferred income | 492/3 | €671 | - | -€671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €613 | €57 | -€557 | -90.7% |
| Other operating charges | 640/8 | €196 | €217 | +€22 | +11.2% |
| Gross operating margin | 9900 | €177,556 | €149,691 | -€27,865 | -15.7% |
| Operating profit (loss) | 9901 | €176,747 | €149,417 | -€27,330 | -15.5% |
| Financial income | 75/76B | €3,023 | €145,267 | +€142,244 | +4,706% |
| Recurring financial income | 75 | €3,023 | €145,267 | +€142,244 | +4,706% |
| Financial charges | 65/66B | €210 | €3,382 | +€3,172 | +1,509% |
| Recurring financial charges | 65 | €210 | €3,382 | +€3,172 | +1,509% |
| Profit (loss) for the period before taxes | 9903 | €179,560 | €291,302 | +€111,742 | +62.2% |
| Income taxes | 67/77 | €46,345 | €68,877 | +€22,533 | +48.6% |
| Profit (loss) for the period | 9904 | €133,215 | €222,424 | +€89,209 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €133,215 | €222,424 | +€89,209 | +67.0% |
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 25 October 2026 via checked.be.