BLUEWING COMPANY: 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.
BLUEWING COMPANY
Largest movements
- Receivables within one year +€6,823
up €6,823 (+45.6%), from €14,950 to €21,772
of which Other amounts receivable: +€16,423
- Cash +€1,897
new in 2025: €1,897
mainly Trade debts (+€5,232) and Depreciation (+€2,552)
- Stocks and contracts -€892
down €892 (-38.4%), from €2,322 to €1,430
- Tangible fixed assets +€450
up €450 (+8.0%), from €5,603 to €6,053
- Trade debts +€5,232
up €5,232 (+54.6%), from €9,585 to €14,818
- Profit (loss) carried forward +€2,041
up €2,041 (+137%), from €1,491 to €3,532
- Current portion of long-term debt +€1,760
up €1,760 (+94.0%), from €1,873 to €3,634
- Other debts -€1,470
no longer reported in 2025 (was €1,470)
- Tax, wage and social debts +€775
up €775 (+208%), from €373 to €1,148
- Gross operating margin +€2,934
up €2,934 (+71.6%), from €4,098 to €7,032
- Depreciation +€1,268
up €1,268 (+98.7%), from €1,284 to €2,552
- Financial charges +€436
up €436 (+106%), from €413 to €850
- Taxes +€402
up €402 (+108%), from €373 to €775
- Other operating charges +€278
up €278 (+51.9%), from €536 to €814
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 | €23,979 | €31,981 | +€8,002 | +33.4% |
| Formation expenses | 20 | €1,104 | €828 | -€276 | -25.0% |
| Fixed assets | 21/28 | €5,603 | €6,053 | +€450 | +8.0% |
| Tangible fixed assets | 22/27 | €5,603 | €6,053 | +€450 | +8.0% |
| Furniture and vehicles | 24 | €5,603 | €6,053 | +€450 | +8.0% |
| Current assets | 29/58 | €17,272 | €25,100 | +€7,828 | +45.3% |
| Stocks and contracts in progress | 3 | €2,322 | €1,430 | -€892 | -38.4% |
| Stocks | 30/36 | €2,322 | €1,430 | -€892 | -38.4% |
| Amounts receivable within one year | 40/41 | €14,950 | €21,772 | +€6,823 | +45.6% |
| Trade receivables | 40 | €10,055 | €455 | -€9,600 | -95.5% |
| Other amounts receivable | 41 | €4,895 | €21,318 | +€16,423 | +336% |
| Cash at bank and in hand | 54/58 | - | €1,897 | +€1,897 | |
| Total equity and liabilities | 10/49 | €23,979 | €31,981 | +€8,002 | +33.4% |
| Equity | 10/15 | €4,491 | €6,532 | +€2,041 | +45.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,491 | €3,532 | +€2,041 | +137% |
| Amounts payable | 17/49 | €19,488 | €25,449 | +€5,961 | +30.6% |
| Amounts payable after more than one year | 17 | €6,186 | €5,850 | -€336 | -5.4% |
| Financial debts | 170/4 | €6,186 | €5,850 | -€336 | -5.4% |
| Amounts payable within one year | 42/48 | €13,302 | €19,599 | +€6,297 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €1,873 | €3,634 | +€1,760 | +94.0% |
| Financial debts | 43 | €1 | - | -€1 | |
| Other loans | 439 | €1 | - | -€1 | |
| Trade debts | 44 | €9,585 | €14,818 | +€5,232 | +54.6% |
| Suppliers | 440/4 | €9,585 | €14,818 | +€5,232 | +54.6% |
| Taxes, remuneration and social security | 45 | €373 | €1,148 | +€775 | +208% |
| Taxes | 450/3 | €373 | €1,148 | +€775 | +208% |
| Other amounts payable | 47/48 | €1,470 | - | -€1,470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,284 | €2,552 | +€1,268 | +98.7% |
| Other operating charges | 640/8 | €536 | €814 | +€278 | +51.9% |
| Gross operating margin | 9900 | €4,098 | €7,032 | +€2,934 | +71.6% |
| Operating profit (loss) | 9901 | €2,278 | €3,666 | +€1,388 | +60.9% |
| Financial charges | 65/66B | €413 | €850 | +€436 | +106% |
| Recurring financial charges | 65 | €413 | €850 | +€436 | +106% |
| Profit (loss) for the period before taxes | 9903 | €1,864 | €2,816 | +€952 | +51.0% |
| Income taxes | 67/77 | €373 | €775 | +€402 | +108% |
| Profit (loss) for the period | 9904 | €1,491 | €2,041 | +€550 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,491 | €2,041 | +€550 | +36.9% |
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 22 October 2026 via checked.be.