ERGOLINE Blue Magic: 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.
ERGOLINE Blue Magic
Largest movements
- Receivables within one year +€7,764
up €7,764 (+5.7%), from €136,243 to €144,006
of which Trade receivables: +€7,391
- Cash +€2,460
up €2,460 (+85.9%), from €2,865 to €5,326
mainly Tax, wage and social debts (+€32,740) and Trade debts (+€16,017)
- Tangible fixed assets -€2,386
down €2,386 (-21.6%), from €11,059 to €8,673
of which Plant, machinery and equipment: -€3,087
- Advances received -€34,321
down €34,321 (-38.1%), from €90,000 to €55,679
- Tax, wage and social debts +€32,740
up €32,740 (+204%), from €16,033 to €48,774
of which Taxes: +€25,639
- Trade debts +€16,017
up €16,017 (+74.4%), from €21,522 to €37,539
- Other debts -€10,415
no longer reported in 2025 (was €10,415)
- Profit (loss) carried forward +€3,418
up €3,418 (+76.7%), from -€4,454 to -€1,036
- Gross operating margin -€57,044
down €57,044 (-40.5%), from €140,981 to €83,937
- Staff costs -€15,836
down €15,836 (-19.9%), from €79,433 to €63,597
- Other operating charges +€4,864
up €4,864 (+85.7%), from €5,676 to €10,541
- Taxes -€2,705
down €2,705 (-56.5%), from €4,784 to €2,079
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 | €152,116 | €159,556 | +€7,439 | +4.9% |
| Fixed assets | 21/28 | €11,059 | €8,673 | -€2,386 | -21.6% |
| Tangible fixed assets | 22/27 | €11,059 | €8,673 | -€2,386 | -21.6% |
| Plant, machinery and equipment | 23 | €10,465 | €7,378 | -€3,087 | -29.5% |
| Furniture and vehicles | 24 | €594 | €1,295 | +€701 | +118% |
| Current assets | 29/58 | €141,057 | €150,883 | +€9,825 | +7.0% |
| Amounts receivable within one year | 40/41 | €136,243 | €144,006 | +€7,764 | +5.7% |
| Trade receivables | 40 | €80,736 | €88,127 | +€7,391 | +9.2% |
| Other amounts receivable | 41 | €55,507 | €55,879 | +€372 | +0.7% |
| Cash at bank and in hand | 54/58 | €2,865 | €5,326 | +€2,460 | +85.9% |
| Deferred charges and accrued income | 490/1 | €1,949 | €1,550 | -€399 | -20.5% |
| Total equity and liabilities | 10/49 | €152,116 | €159,556 | +€7,439 | +4.9% |
| Equity | 10/15 | €14,146 | €17,564 | +€3,418 | +24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,454 | -€1,036 | +€3,418 | +76.7% |
| Amounts payable | 17/49 | €137,971 | €141,992 | +€4,021 | +2.9% |
| Amounts payable within one year | 42/48 | €137,971 | €141,992 | +€4,021 | +2.9% |
| Trade debts | 44 | €21,522 | €37,539 | +€16,017 | +74.4% |
| Suppliers | 440/4 | €21,522 | €37,539 | +€16,017 | +74.4% |
| Advances received on contracts in progress | 46 | €90,000 | €55,679 | -€34,321 | -38.1% |
| Taxes, remuneration and social security | 45 | €16,033 | €48,774 | +€32,740 | +204% |
| Taxes | 450/3 | €14,028 | €39,668 | +€25,639 | +183% |
| Remuneration and social security | 454/9 | €2,005 | €9,106 | +€7,101 | +354% |
| Other amounts payable | 47/48 | €10,415 | - | -€10,415 | |
| Remuneration, social security and pensions | 62 | €79,433 | €63,597 | -€15,836 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,507 | €3,559 | +€53 | +1.5% |
| Other operating charges | 640/8 | €5,676 | €10,541 | +€4,864 | +85.7% |
| Gross operating margin | 9900 | €140,981 | €83,937 | -€57,044 | -40.5% |
| Operating profit (loss) | 9901 | €52,365 | €6,240 | -€46,125 | -88.1% |
| Financial income | 75/76B | €66 | €6 | -€59 | -90.4% |
| Recurring financial income | 75 | €66 | €6 | -€59 | -90.4% |
| Financial charges | 65/66B | €11 | €749 | +€738 | +6,523% |
| Recurring financial charges | 65 | €11 | €749 | +€738 | +6,523% |
| Profit (loss) for the period before taxes | 9903 | €52,419 | €5,497 | -€46,922 | -89.5% |
| Income taxes | 67/77 | €4,784 | €2,079 | -€2,705 | -56.5% |
| Profit (loss) for the period | 9904 | €47,635 | €3,418 | -€44,217 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,635 | €3,418 | -€44,217 | -92.8% |
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 16 October 2026 via checked.be.