INTO THE 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.
INTO THE BLUE
Largest movements
- Tangible fixed assets +€45,171
up €45,171 (+4,642%), from €973 to €46,144
of which Furniture and vehicles: +€45,538
- Receivables within one year -€22,330
down €22,330 (-84.2%), from €26,522 to €4,192
of which Other amounts receivable: -€20,047
- Cash +€16,130
up €16,130 (+19,148%), from €84 to €16,215
mainly Other debts (+€33,296) and Receivables within one year (+€22,330)
- Other debts +€33,296
new in 2025: €33,296
- Profit (loss) carried forward +€4,932
up €4,932 (+77.1%), from €6,395 to €11,327
- Tax, wage and social debts +€1,941
up €1,941 (+491%), from €395 to €2,336
- Trade debts -€1,197
down €1,197 (-90.1%), from €1,329 to €132
- Gross operating margin +€17,272
up €17,272 (+1,998%), from €865 to €18,136
- Depreciation +€8,718
up €8,718 (+6,789%), from €128 to €8,846
- Taxes +€2,325
up €2,325 (+21,119%), from €11 to €2,336
- Other operating charges +€1,353
up €1,353 (+300%), from €451 to €1,804
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 | €28,579 | €67,551 | +€38,972 | +136% |
| Fixed assets | 21/28 | €1,973 | €47,144 | +€45,171 | +2,289% |
| Tangible fixed assets | 22/27 | €973 | €46,144 | +€45,171 | +4,642% |
| Plant, machinery and equipment | 23 | €973 | €606 | -€367 | -37.7% |
| Furniture and vehicles | 24 | - | €45,538 | +€45,538 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €26,606 | €20,407 | -€6,199 | -23.3% |
| Amounts receivable within one year | 40/41 | €26,522 | €4,192 | -€22,330 | -84.2% |
| Trade receivables | 40 | €2,854 | €571 | -€2,283 | -80.0% |
| Other amounts receivable | 41 | €23,668 | €3,621 | -€20,047 | -84.7% |
| Cash at bank and in hand | 54/58 | €84 | €16,215 | +€16,130 | +19,148% |
| Total equity and liabilities | 10/49 | €28,579 | €67,551 | +€38,972 | +136% |
| Equity | 10/15 | €26,855 | €31,787 | +€4,932 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,395 | €11,327 | +€4,932 | +77.1% |
| Amounts payable | 17/49 | €1,724 | €35,764 | +€34,040 | +1,975% |
| Amounts payable within one year | 42/48 | €1,724 | €35,764 | +€34,040 | +1,975% |
| Trade debts | 44 | €1,329 | €132 | -€1,197 | -90.1% |
| Suppliers | 440/4 | €1,329 | €132 | -€1,197 | -90.1% |
| Taxes, remuneration and social security | 45 | €395 | €2,336 | +€1,941 | +491% |
| Taxes | 450/3 | €395 | €2,336 | +€1,941 | +491% |
| Other amounts payable | 47/48 | - | €33,296 | +€33,296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128 | €8,846 | +€8,718 | +6,789% |
| Other operating charges | 640/8 | €451 | €1,804 | +€1,353 | +300% |
| Gross operating margin | 9900 | €865 | €18,136 | +€17,272 | +1,998% |
| Operating profit (loss) | 9901 | €285 | €7,486 | +€7,201 | +2,528% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €252 | €218 | -€34 | -13.6% |
| Recurring financial charges | 65 | €252 | €218 | -€34 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €41 | €7,268 | +€7,226 | +17,481% |
| Income taxes | 67/77 | €11 | €2,336 | +€2,325 | +21,119% |
| Profit (loss) for the period | 9904 | €30 | €4,932 | +€4,901 | +16,160% |
| Profit (loss) for the period to be appropriated | 9905 | €30 | €4,932 | +€4,901 | +16,160% |
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.