BlueTag: 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.
BlueTag
Largest movements
- Cash +€22,057
up €22,057 (+24.9%), from €88,642 to €110,699
mainly Net result for the year (+€77,472) and Other debts (+€29,687)
- Tangible fixed assets +€20,727
up €20,727 (+119.4%), from €17,365 to €38,092
of which Furniture and vehicles: +€21,043
- Receivables within one year -€5,206
down €5,206 (-15.1%), from €34,413 to €29,207
- Current investments +€3,707
up €3,707 (+2.0%), from €182,283 to €185,991
- Other debts +€29,687
up €29,687 (+467.0%), from €6,357 to €36,044
- Tax, wage and social debts +€6,729
up €6,729 (+59.5%), from €11,309 to €18,038
of which Taxes: +€7,832
- Reserves +€6,283
up €6,283 (+2.1%), from €293,717 to €300,000
- Gross operating margin +€16,864
up €16,864 (+18.7%), from €90,181 to €107,044
- Taxes +€12,631
up €12,631 (+50.8%), from €24,848 to €37,479
- Financial income +€5,260
up €5,260 (+76.1%), from €6,909 to €12,168
- Depreciation -€4,899
down €4,899 (-72.6%), from €6,747 to €1,848
- Financial charges +€1,690
up €1,690 (+1388.0%), from €122 to €1,812
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 | €323,142 | €365,539 | +€42,398 | +13.1% |
| Fixed assets | 21/28 | €17,365 | €38,092 | +€20,727 | +119.4% |
| Tangible fixed assets | 22/27 | €17,365 | €38,092 | +€20,727 | +119.4% |
| Plant, machinery and equipment | 23 | €568 | €252 | -€316 | -55.6% |
| Furniture and vehicles | 24 | €16,797 | €37,840 | +€21,043 | +125.3% |
| Current assets | 29/58 | €305,776 | €327,447 | +€21,671 | +7.1% |
| Amounts receivable within one year | 40/41 | €34,413 | €29,207 | -€5,206 | -15.1% |
| Trade receivables | 40 | €34,413 | €29,207 | -€5,206 | -15.1% |
| Current investments | 50/53 | €182,283 | €185,991 | +€3,707 | +2.0% |
| Cash at bank and in hand | 54/58 | €88,642 | €110,699 | +€22,057 | +24.9% |
| Deferred charges and accrued income | 490/1 | €438 | €1,551 | +€1,113 | +254.2% |
| Total equity and liabilities | 10/49 | €323,142 | €365,539 | +€42,398 | +13.1% |
| Equity | 10/15 | €303,499 | €310,253 | +€6,755 | +2.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €293,717 | €300,000 | +€6,283 | +2.1% |
| Distributable reserves | 133 | €293,717 | €300,000 | +€6,283 | +2.1% |
| Profit (loss) carried forward | 14 | €7,282 | €7,753 | +€472 | +6.5% |
| Amounts payable | 17/49 | €19,643 | €55,286 | +€35,643 | +181.5% |
| Amounts payable within one year | 42/48 | €17,870 | €54,372 | +€36,502 | +204.3% |
| Trade debts | 44 | €204 | €290 | +€86 | +42.3% |
| Suppliers | 440/4 | €204 | €290 | +€86 | +42.3% |
| Taxes, remuneration and social security | 45 | €11,309 | €18,038 | +€6,729 | +59.5% |
| Taxes | 450/3 | €8,548 | €16,381 | +€7,832 | +91.6% |
| Remuneration and social security | 454/9 | €2,761 | €1,658 | -€1,103 | -40.0% |
| Other amounts payable | 47/48 | €6,357 | €36,044 | +€29,687 | +467.0% |
| Accrued charges and deferred income | 492/3 | €1,773 | €914 | -€859 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,747 | €1,848 | -€4,899 | -72.6% |
| Other operating charges | 640/8 | €952 | €602 | -€350 | -36.8% |
| Gross operating margin | 9900 | €90,181 | €107,044 | +€16,864 | +18.7% |
| Operating profit (loss) | 9901 | €82,482 | €104,594 | +€22,113 | +26.8% |
| Financial income | 75/76B | €6,909 | €12,168 | +€5,260 | +76.1% |
| Recurring financial income | 75 | €6,909 | €12,168 | +€5,260 | +76.1% |
| Financial charges | 65/66B | €122 | €1,812 | +€1,690 | +1388.0% |
| Recurring financial charges | 65 | €122 | €1,812 | +€1,690 | +1388.0% |
| Profit (loss) for the period before taxes | 9903 | €89,268 | €114,951 | +€25,683 | +28.8% |
| Income taxes | 67/77 | €24,848 | €37,479 | +€12,631 | +50.8% |
| Profit (loss) for the period | 9904 | €64,420 | €77,472 | +€13,052 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,420 | €77,472 | +€13,052 | +20.3% |
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 7 October 2026 via checked.be.