BLUETALLY: 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.
BLUETALLY
Largest movements
- Receivables within one year +€23,436
up €23,436 (+45.1%), from €51,994 to €75,430
of which Trade receivables: +€22,364
- Cash +€20,152
up €20,152 (+17.6%), from €114,302 to €134,454
mainly Net result for the year (+€28,033) and Tax, wage and social debts (+€16,362)
- Deferred charges and accrued income -€4,291
down €4,291 (-59.3%), from €7,240 to €2,949
- Reserves +€27,500
up €27,500 (+26.2%), from €104,860 to €132,360
- Tax, wage and social debts +€16,362
up €16,362 (+142%), from €11,483 to €27,845
- Trade debts -€6,403
no longer reported in 2025 (was €6,403)
- Gross operating margin +€6,178
up €6,178 (+13.7%), from €45,167 to €51,345
- Taxes +€2,293
up €2,293 (+17.6%), from €13,020 to €15,313
- Financial charges -€1,040
down €1,040 (-16.2%), from €6,437 to €5,397
- Financial income +€950
up €950 (+90.7%), from €1,048 to €1,998
- Depreciation -€634
down €634 (-18.1%), from €3,507 to €2,873
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 | €179,092 | €217,084 | +€37,992 | +21.2% |
| Fixed assets | 21/28 | €5,554 | €4,250 | -€1,304 | -23.5% |
| Tangible fixed assets | 22/27 | €5,394 | €4,090 | -€1,304 | -24.2% |
| Furniture and vehicles | 24 | €5,394 | €4,090 | -€1,304 | -24.2% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €173,538 | €212,834 | +€39,296 | +22.6% |
| Amounts receivable within one year | 40/41 | €51,994 | €75,430 | +€23,436 | +45.1% |
| Trade receivables | 40 | €16,636 | €39,000 | +€22,364 | +134% |
| Other amounts receivable | 41 | €35,358 | €36,430 | +€1,072 | +3.0% |
| Current investments | 50/53 | €2 | €2 | -€0 | -6.0% |
| Cash at bank and in hand | 54/58 | €114,302 | €134,454 | +€20,152 | +17.6% |
| Deferred charges and accrued income | 490/1 | €7,240 | €2,949 | -€4,291 | -59.3% |
| Total equity and liabilities | 10/49 | €179,092 | €217,084 | +€37,992 | +21.2% |
| Equity | 10/15 | €161,206 | €189,239 | +€28,033 | +17.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €104,860 | €132,360 | +€27,500 | +26.2% |
| Distributable reserves | 133 | €104,860 | €132,360 | +€27,500 | +26.2% |
| Profit (loss) carried forward | 14 | €50,146 | €50,679 | +€533 | +1.1% |
| Amounts payable | 17/49 | €17,886 | €27,845 | +€9,959 | +55.7% |
| Amounts payable within one year | 42/48 | €17,886 | €27,845 | +€9,959 | +55.7% |
| Trade debts | 44 | €6,403 | - | -€6,403 | |
| Suppliers | 440/4 | €6,403 | - | -€6,403 | |
| Taxes, remuneration and social security | 45 | €11,483 | €27,845 | +€16,362 | +142% |
| Taxes | 450/3 | €11,483 | €27,845 | +€16,362 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,507 | €2,873 | -€634 | -18.1% |
| Other operating charges | 640/8 | €1,251 | €1,728 | +€477 | +38.1% |
| Gross operating margin | 9900 | €45,167 | €51,345 | +€6,178 | +13.7% |
| Operating profit (loss) | 9901 | €40,409 | €46,744 | +€6,335 | +15.7% |
| Financial income | 75/76B | €1,048 | €1,998 | +€950 | +90.7% |
| Recurring financial income | 75 | €1,048 | €1,998 | +€950 | +90.7% |
| Financial charges | 65/66B | €6,437 | €5,397 | -€1,040 | -16.2% |
| Recurring financial charges | 65 | €6,437 | €5,397 | -€1,040 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €35,020 | €43,346 | +€8,326 | +23.8% |
| Income taxes | 67/77 | €13,020 | €15,313 | +€2,293 | +17.6% |
| Profit (loss) for the period | 9904 | €22,000 | €28,033 | +€6,033 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,000 | €28,033 | +€6,033 | +27.4% |
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 21 October 2026 via checked.be.