BLUETIME: 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.
BLUETIME
Largest movements
- Cash +€152,457
up €152,457 (+103.4%), from €147,497 to €299,954
mainly Depreciation (+€283,968) and Current portion of long-term debt (+€95,120)
- Tangible fixed assets -€142,002
down €142,002 (-39.5%), from €359,705 to €217,702
of which Furniture and vehicles: -€137,871
- Deferred charges and accrued income +€35,567
up €35,567 (+265.3%), from €13,405 to €48,971
- Tax, wage and social debts -€127,618
down €127,618 (-29.0%), from €439,383 to €311,766
of which Remuneration and social security: -€160,819
- Current portion of long-term debt +€95,120
up €95,120 (+121.2%), from €78,468 to €173,589
- Reserves +€63,990
up €63,990 (+10.6%), from €605,981 to €669,971
of which Distributable reserves: +€63,990
- Debts after one year -€54,977
down €54,977 (-35.6%), from €154,234 to €99,257
- Other debts +€41,000
up €41,000 (+251.7%), from €16,288 to €57,288
- Staff costs -€448,555
down €448,555 (-19.7%), from €2.3m to €1.8m
- Gross operating margin -€406,607
down €406,607 (-14.6%), from €2.8m to €2.4m
- Purchases and services +€279,095
up €279,095 (+14.1%), from €2.0m to €2.3m
- Turnover -€88,349
down €88,349 (-2.0%), from €4.5m to €4.4m
- Other operating charges +€68,201
up €68,201 (+167.3%), from €40,762 to €108,964
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 | €1,676,432 | €1,711,956 | +€35,525 | +2.1% |
| Fixed assets | 21/28 | €664,162 | €506,594 | -€157,568 | -23.7% |
| Intangible fixed assets | 21 | €304,187 | €288,621 | -€15,566 | -5.1% |
| Tangible fixed assets | 22/27 | €359,705 | €217,702 | -€142,002 | -39.5% |
| Plant, machinery and equipment | 23 | €22,030 | €17,898 | -€4,132 | -18.8% |
| Furniture and vehicles | 24 | €337,675 | €199,804 | -€137,871 | -40.8% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €1,012,270 | €1,205,363 | +€193,093 | +19.1% |
| Amounts receivable within one year | 40/41 | €851,369 | €856,438 | +€5,069 | +0.6% |
| Trade receivables | 40 | €787,305 | €856,438 | +€69,133 | +8.8% |
| Other amounts receivable | 41 | €64,064 | - | -€64,064 | |
| Cash at bank and in hand | 54/58 | €147,497 | €299,954 | +€152,457 | +103.4% |
| Deferred charges and accrued income | 490/1 | €13,405 | €48,971 | +€35,567 | +265.3% |
| Total equity and liabilities | 10/49 | €1,676,432 | €1,711,956 | +€35,525 | +2.1% |
| Equity | 10/15 | €747,280 | €811,270 | +€63,990 | +8.6% |
| Contributions | 10/11 | €141,299 | €141,299 | = | 0.0% |
| Capital | 10 | €141,299 | €141,299 | = | 0.0% |
| Issued capital | 100 | €141,299 | €141,299 | = | 0.0% |
| Reserves | 13 | €605,981 | €669,971 | +€63,990 | +10.6% |
| Non-distributable reserves | 130/1 | €14,130 | €14,130 | = | 0.0% |
| Legal reserve | 130 | €14,130 | €14,130 | = | 0.0% |
| Distributable reserves | 133 | €591,851 | €655,841 | +€63,990 | +10.8% |
| Amounts payable | 17/49 | €929,151 | €900,686 | -€28,465 | -3.1% |
| Amounts payable after more than one year | 17 | €154,234 | €99,257 | -€54,977 | -35.6% |
| Financial debts | 170/4 | €154,234 | €99,257 | -€54,977 | -35.6% |
| Amounts payable within one year | 42/48 | €774,917 | €801,429 | +€26,512 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €78,468 | €173,589 | +€95,120 | +121.2% |
| Trade debts | 44 | €240,778 | €258,787 | +€18,009 | +7.5% |
| Suppliers | 440/4 | €240,778 | €258,787 | +€18,009 | +7.5% |
| Taxes, remuneration and social security | 45 | €439,383 | €311,766 | -€127,618 | -29.0% |
| Taxes | 450/3 | €95,249 | €128,450 | +€33,201 | +34.9% |
| Remuneration and social security | 454/9 | €344,134 | €183,315 | -€160,819 | -46.7% |
| Other amounts payable | 47/48 | €16,288 | €57,288 | +€41,000 | +251.7% |
| Turnover | 70 | €4,508,986 | €4,420,637 | -€88,349 | -2.0% |
| Non-recurring operating income | 76A | €20,814 | - | -€20,814 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,983,682 | €2,262,777 | +€279,095 | +14.1% |
| Remuneration, social security and pensions | 62 | €2,271,355 | €1,822,800 | -€448,555 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316,269 | €283,968 | -€32,302 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,013 | €28,284 | -€14,729 | -34.2% |
| Other operating charges | 640/8 | €40,762 | €108,964 | +€68,201 | +167.3% |
| Non-recurring operating charges | 66A | €158,817 | €13,601 | -€145,216 | -91.4% |
| Gross operating margin | 9900 | €2,785,947 | €2,379,340 | -€406,607 | -14.6% |
| Operating profit (loss) | 9901 | -€44,270 | €121,724 | +€165,994 | |
| Financial income | 75/76B | €46 | €98 | +€53 | +116.1% |
| Recurring financial income | 75 | €46 | €98 | +€53 | +116.1% |
| Financial charges | 65/66B | €12,248 | €14,238 | +€1,990 | +16.2% |
| Recurring financial charges | 65 | €12,248 | €14,238 | +€1,990 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€56,473 | €107,584 | +€164,057 | |
| Income taxes | 67/77 | €9,151 | €43,594 | +€34,443 | +376.4% |
| Profit (loss) for the period | 9904 | -€65,624 | €63,990 | +€129,614 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,624 | €63,990 | +€129,614 |
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 4 October 2026 via checked.be.