DEEP BLUE: 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.
DEEP BLUE
Largest movements
- Receivables within one year +€19,066
up €19,066 (+4,223%), from €452 to €19,518
of which Trade receivables: +€13,370
- Stocks and contracts +€14,659
up €14,659 (+15.6%), from €93,776 to €108,435
- Cash -€12,014
down €12,014 (-93.4%), from €12,858 to €845
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€19,066)
- Other debts +€30,816
up €30,816 (+63.3%), from €48,698 to €79,514
- Reserves -€15,799
down €15,799 (-35.6%), from €44,404 to €28,605
- Tax, wage and social debts +€6,217
up €6,217 (+94.8%), from €6,556 to €12,773
of which Remuneration and social security: +€6,752
- Accrued charges and deferred income +€2,988
up €2,988 (+395%), from €756 to €3,745
- Trade debts -€2,591
down €2,591 (-40.7%), from €6,361 to €3,770
- Gross operating margin -€21,035
down €21,035 (-46.6%), from €45,149 to €24,113
- Taxes -€4,432
down €4,432 (-50.7%), from €8,736 to €4,303
- Financial charges +€1,917
up €1,917 (+146%), from €1,314 to €3,231
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 | €107,776 | €129,408 | +€21,632 | +20.1% |
| Fixed assets | 21/28 | €552 | €173 | -€379 | -68.6% |
| Tangible fixed assets | 22/27 | €552 | €173 | -€379 | -68.6% |
| Furniture and vehicles | 24 | €552 | €173 | -€379 | -68.6% |
| Current assets | 29/58 | €107,224 | €129,235 | +€22,011 | +20.5% |
| Stocks and contracts in progress | 3 | €93,776 | €108,435 | +€14,659 | +15.6% |
| Stocks | 30/36 | €93,776 | €108,435 | +€14,659 | +15.6% |
| Amounts receivable within one year | 40/41 | €452 | €19,518 | +€19,066 | +4,223% |
| Trade receivables | 40 | €452 | €13,821 | +€13,370 | +2,961% |
| Other amounts receivable | 41 | - | €5,697 | +€5,697 | |
| Cash at bank and in hand | 54/58 | €12,858 | €845 | -€12,014 | -93.4% |
| Deferred charges and accrued income | 490/1 | €138 | €437 | +€299 | +217% |
| Total equity and liabilities | 10/49 | €107,776 | €129,408 | +€21,632 | +20.1% |
| Equity | 10/15 | €45,404 | €29,605 | -€15,799 | -34.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €44,404 | €28,605 | -€15,799 | -35.6% |
| Distributable reserves | 133 | €44,404 | €28,605 | -€15,799 | -35.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,372 | €99,803 | +€37,431 | +60.0% |
| Amounts payable within one year | 42/48 | €61,615 | €96,058 | +€34,443 | +55.9% |
| Trade debts | 44 | €6,361 | €3,770 | -€2,591 | -40.7% |
| Suppliers | 440/4 | €6,361 | €3,770 | -€2,591 | -40.7% |
| Taxes, remuneration and social security | 45 | €6,556 | €12,773 | +€6,217 | +94.8% |
| Taxes | 450/3 | €6,556 | €6,022 | -€534 | -8.2% |
| Remuneration and social security | 454/9 | - | €6,752 | +€6,752 | |
| Other amounts payable | 47/48 | €48,698 | €79,514 | +€30,816 | +63.3% |
| Accrued charges and deferred income | 492/3 | €756 | €3,745 | +€2,988 | +395% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380 | €379 | -€1 | -0.3% |
| Other operating charges | 640/8 | €1,695 | €1,999 | +€304 | +17.9% |
| Gross operating margin | 9900 | €45,149 | €24,113 | -€21,035 | -46.6% |
| Operating profit (loss) | 9901 | €43,073 | €21,736 | -€21,338 | -49.5% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100% |
| Financial charges | 65/66B | €1,314 | €3,231 | +€1,917 | +146% |
| Recurring financial charges | 65 | €1,314 | €3,231 | +€1,917 | +146% |
| Profit (loss) for the period before taxes | 9903 | €41,764 | €18,505 | -€23,259 | -55.7% |
| Income taxes | 67/77 | €8,736 | €4,303 | -€4,432 | -50.7% |
| Profit (loss) for the period | 9904 | €33,028 | €14,201 | -€18,827 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,028 | €14,201 | -€18,827 | -57.0% |
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 19 October 2026 via checked.be.