BLUESPACE: what changed
Two fiscal 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.
BLUESPACE
Largest movements
- Cash +€98,194
up €98,194 (+57.7%), from €170,264 to €268,458
mainly Other debts (+€260,000) and Net result for the year (+€150,325)
- Receivables within one year +€8,802
up €8,802 (+4.6%), from €189,298 to €198,100
of which Other amounts receivable: +€16,204
- Other debts +€260,000
new in 2025: €260,000
- Profit (loss) carried forward -€109,675
down €109,675 (-39.7%), from €276,449 to €166,774
- Tax, wage and social debts -€42,396
down €42,396 (-48.3%), from €87,733 to €45,338
- Gross operating margin +€28,975
up €28,975 (+18.5%), from €156,848 to €185,823
- Taxes +€7,217
up €7,217 (+19.4%), from €37,237 to €44,454
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.
Cash bridge derived
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 | €366,905 | €476,695 | +€109,791 | +29.9% |
| Fixed assets | 21/28 | €7,342 | €6,778 | -€564 | -7.7% |
| Tangible fixed assets | 22/27 | €7,342 | €6,448 | -€894 | -12.2% |
| Plant, machinery and equipment | 23 | €2,080 | - | -€2,080 | |
| Furniture and vehicles | 24 | €5,262 | €4,592 | -€671 | -12.7% |
| Other tangible fixed assets | 26 | - | €1,856 | +€1,856 | |
| Financial fixed assets | 28 | - | €330 | +€330 | |
| Current assets | 29/58 | €359,562 | €469,917 | +€110,355 | +30.7% |
| Amounts receivable within one year | 40/41 | €189,298 | €198,100 | +€8,802 | +4.6% |
| Trade receivables | 40 | €7,427 | €25 | -€7,401 | -99.7% |
| Other amounts receivable | 41 | €181,871 | €198,074 | +€16,204 | +8.9% |
| Cash at bank and in hand | 54/58 | €170,264 | €268,458 | +€98,194 | +57.7% |
| Deferred charges and accrued income | 490/1 | - | €3,360 | +€3,360 | |
| Total equity and liabilities | 10/49 | €366,905 | €476,695 | +€109,791 | +29.9% |
| Equity | 10/15 | €277,449 | €167,774 | -€109,675 | -39.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €276,449 | €166,774 | -€109,675 | -39.7% |
| Amounts payable | 17/49 | €89,455 | €308,922 | +€219,466 | +245.3% |
| Amounts payable within one year | 42/48 | €89,455 | €308,905 | +€219,450 | +245.3% |
| Financial debts | 43 | - | €1,209 | +€1,209 | |
| Credit institutions | 430/8 | - | €1,209 | +€1,209 | |
| Trade debts | 44 | €1,722 | €2,358 | +€636 | +36.9% |
| Suppliers | 440/4 | €1,722 | €2,358 | +€636 | +36.9% |
| Taxes, remuneration and social security | 45 | €87,733 | €45,338 | -€42,396 | -48.3% |
| Taxes | 450/3 | €87,733 | €45,338 | -€42,396 | -48.3% |
| Other amounts payable | 47/48 | - | €260,000 | +€260,000 | |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | - | €324 | +€324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €991 | €1,446 | +€455 | +46.0% |
| Other operating charges | 640/8 | - | €220 | +€220 | |
| Gross operating margin | 9900 | €156,848 | €185,823 | +€28,975 | +18.5% |
| Operating profit (loss) | 9901 | €155,857 | €183,833 | +€27,976 | +17.9% |
| Financial income | 75/76B | €9,512 | €11,016 | +€1,504 | +15.8% |
| Recurring financial income | 75 | €9,512 | €11,016 | +€1,504 | +15.8% |
| Financial charges | 65/66B | €81 | €70 | -€11 | -13.5% |
| Recurring financial charges | 65 | €81 | €70 | -€11 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €165,288 | €194,779 | +€29,490 | +17.8% |
| Income taxes | 67/77 | €37,237 | €44,454 | +€7,217 | +19.4% |
| Profit (loss) for the period | 9904 | €128,051 | €150,325 | +€22,273 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €128,051 | €150,325 | +€22,273 | +17.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.