BLUET: 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.
BLUET
Largest movements
- Cash +€21,002
up €21,002 (+401.3%), from €5,234 to €26,235
mainly Net result for the year (+€9,716) and Trade debts (+€7,572)
- Receivables within one year +€6,313
up €6,313 (+115.4%), from €5,472 to €11,785
of which Trade receivables: +€6,175
- Stocks and contracts -€6,174
down €6,174 (-19.2%), from €32,209 to €26,034
- Financial fixed assets -€6,037
down €6,037 (-96.0%), from €6,287 to €250
- Tangible fixed assets -€744
down €744 (-26.1%), from €2,856 to €2,111
of which Other tangible fixed assets: -€630
- Profit (loss) carried forward +€9,716
up €9,716 (+28.5%), from -€34,142 to -€24,425
- Trade debts +€7,572
up €7,572 (+75.6%), from €10,011 to €17,583
- Other debts -€5,720
down €5,720 (-32.7%), from €17,500 to €11,780
- Tax, wage and social debts +€2,428
up €2,428 (+27.6%), from €8,790 to €11,219
of which Taxes: +€2,041
- Gross operating margin +€12,799
up €12,799 (+30.1%), from €42,591 to €55,390
- Staff costs -€1,697
down €1,697 (-4.2%), from €40,493 to €38,796
- Other operating charges -€1,474
down €1,474 (-25.2%), from €5,844 to €4,370
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 | €52,760 | €66,757 | +€13,997 | +26.5% |
| Fixed assets | 21/28 | €9,142 | €2,361 | -€6,781 | -74.2% |
| Tangible fixed assets | 22/27 | €2,856 | €2,111 | -€744 | -26.1% |
| Plant, machinery and equipment | 23 | €1,597 | €1,482 | -€115 | -7.2% |
| Other tangible fixed assets | 26 | €1,259 | €630 | -€630 | -50.0% |
| Financial fixed assets | 28 | €6,287 | €250 | -€6,037 | -96.0% |
| Current assets | 29/58 | €43,617 | €64,395 | +€20,778 | +47.6% |
| Stocks and contracts in progress | 3 | €32,209 | €26,034 | -€6,174 | -19.2% |
| Stocks | 30/36 | €32,209 | €26,034 | -€6,174 | -19.2% |
| Amounts receivable within one year | 40/41 | €5,472 | €11,785 | +€6,313 | +115.4% |
| Trade receivables | 40 | €4,029 | €10,204 | +€6,175 | +153.3% |
| Other amounts receivable | 41 | €1,443 | €1,581 | +€138 | +9.5% |
| Cash at bank and in hand | 54/58 | €5,234 | €26,235 | +€21,002 | +401.3% |
| Deferred charges and accrued income | 490/1 | €703 | €341 | -€363 | -51.6% |
| Total equity and liabilities | 10/49 | €52,760 | €66,757 | +€13,997 | +26.5% |
| Equity | 10/15 | €16,458 | €26,175 | +€9,716 | +59.0% |
| Contributions | 10/11 | €46,000 | €46,000 | = | 0.0% |
| Reserves | 13 | €4,600 | €4,600 | = | 0.0% |
| Distributable reserves | 133 | €4,600 | €4,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,142 | -€24,425 | +€9,716 | +28.5% |
| Amounts payable | 17/49 | €36,302 | €40,582 | +€4,280 | +11.8% |
| Amounts payable within one year | 42/48 | €36,302 | €40,582 | +€4,280 | +11.8% |
| Trade debts | 44 | €10,011 | €17,583 | +€7,572 | +75.6% |
| Suppliers | 440/4 | €10,011 | €17,583 | +€7,572 | +75.6% |
| Taxes, remuneration and social security | 45 | €8,790 | €11,219 | +€2,428 | +27.6% |
| Taxes | 450/3 | €733 | €2,774 | +€2,041 | +278.3% |
| Remuneration and social security | 454/9 | €8,057 | €8,445 | +€388 | +4.8% |
| Other amounts payable | 47/48 | €17,500 | €11,780 | -€5,720 | -32.7% |
| Remuneration, social security and pensions | 62 | €40,493 | €38,796 | -€1,697 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,560 | €1,413 | -€146 | -9.4% |
| Other operating charges | 640/8 | €5,844 | €4,370 | -€1,474 | -25.2% |
| Gross operating margin | 9900 | €42,591 | €55,390 | +€12,799 | +30.1% |
| Operating profit (loss) | 9901 | -€5,305 | €10,811 | +€16,117 | |
| Financial income | 75/76B | €491 | €358 | -€133 | -27.2% |
| Recurring financial income | 75 | €491 | €358 | -€133 | -27.2% |
| Financial charges | 65/66B | €914 | €1,452 | +€538 | +58.8% |
| Recurring financial charges | 65 | €914 | €1,452 | +€538 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,729 | €9,716 | +€15,445 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,729 | €9,716 | +€15,445 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,729 | €9,716 | +€15,445 |
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 12 October 2026 via checked.be.