IBlue: 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.
IBlue
Largest movements
- Cash +€30,909
up €30,909 (+45.4%), from €68,105 to €99,014
mainly Net result for the year (+€28,863) and Tax, wage and social debts (+€11,480)
- Tangible fixed assets +€9,650
up €9,650 (+282%), from €3,428 to €13,078
of which Plant, machinery and equipment: +€8,133
- Receivables within one year +€1,261
up €1,261 (+111%), from €1,141 to €2,401
of which Other amounts receivable: +€1,395
- Reserves +€28,863
up €28,863 (+62.1%), from €46,450 to €75,313
- Tax, wage and social debts +€11,480
up €11,480 (+68.6%), from €16,740 to €28,220
- Trade debts +€2,866
up €2,866 (+11,044%), from €26 to €2,892
- Other debts -€1,390
down €1,390 (-21.5%), from €6,458 to €5,069
- Gross operating margin -€29,072
down €29,072 (-41.5%), from €69,989 to €40,917
- Taxes -€5,777
down €5,777 (-40.0%), from €14,449 to €8,671
- Other operating charges -€5,479
down €5,479 (-100%), from €5,479 to €0
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 | €72,674 | €114,493 | +€41,820 | +57.5% |
| Fixed assets | 21/28 | €3,428 | €13,078 | +€9,650 | +282% |
| Tangible fixed assets | 22/27 | €3,428 | €13,078 | +€9,650 | +282% |
| Plant, machinery and equipment | 23 | - | €8,133 | +€8,133 | |
| Furniture and vehicles | 24 | €3,428 | €4,944 | +€1,516 | +44.2% |
| Current assets | 29/58 | €69,246 | €101,416 | +€32,170 | +46.5% |
| Amounts receivable within one year | 40/41 | €1,141 | €2,401 | +€1,261 | +111% |
| Trade receivables | 40 | €1,141 | €1,007 | -€134 | -11.7% |
| Other amounts receivable | 41 | - | €1,395 | +€1,395 | |
| Cash at bank and in hand | 54/58 | €68,105 | €99,014 | +€30,909 | +45.4% |
| Total equity and liabilities | 10/49 | €72,674 | €114,493 | +€41,820 | +57.5% |
| Equity | 10/15 | €49,450 | €78,313 | +€28,863 | +58.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,450 | €75,313 | +€28,863 | +62.1% |
| Distributable reserves | 133 | €46,450 | €75,313 | +€28,863 | +62.1% |
| Amounts payable | 17/49 | €23,224 | €36,180 | +€12,956 | +55.8% |
| Amounts payable within one year | 42/48 | €23,224 | €36,180 | +€12,956 | +55.8% |
| Trade debts | 44 | €26 | €2,892 | +€2,866 | +11,044% |
| Suppliers | 440/4 | €26 | €2,892 | +€2,866 | +11,044% |
| Taxes, remuneration and social security | 45 | €16,740 | €28,220 | +€11,480 | +68.6% |
| Taxes | 450/3 | €16,740 | €28,220 | +€11,480 | +68.6% |
| Other amounts payable | 47/48 | €6,458 | €5,069 | -€1,390 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,212 | €2,056 | -€156 | -7.0% |
| Other operating charges | 640/8 | €5,479 | €0 | -€5,479 | -100% |
| Gross operating margin | 9900 | €69,989 | €40,917 | -€29,072 | -41.5% |
| Operating profit (loss) | 9901 | €62,298 | €38,860 | -€23,438 | -37.6% |
| Financial charges | 65/66B | €1,399 | €1,326 | -€74 | -5.3% |
| Recurring financial charges | 65 | €1,399 | €1,326 | -€74 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €60,899 | €37,534 | -€23,364 | -38.4% |
| Income taxes | 67/77 | €14,449 | €8,671 | -€5,777 | -40.0% |
| Profit (loss) for the period | 9904 | €46,450 | €28,863 | -€17,587 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,450 | €28,863 | -€17,587 | -37.9% |
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 14 October 2026 via checked.be.