Pale Blue Dot: 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.
Pale Blue Dot
Largest movements
- Receivables within one year -€18,288
down €18,288 (-15.4%), from €118,843 to €100,555
of which Trade receivables: -€48,378
- Cash -€15,442
down €15,442 (-31.6%), from €48,884 to €33,442
mainly Net result for the year (-€19,292) and Investment in fixed assets (net) (-€16,123)
- Tangible fixed assets -€2,886
down €2,886 (-4.2%), from €68,980 to €66,094
of which Furniture and vehicles: -€13,138
- Profit (loss) carried forward -€19,292
down €19,292 (-19.2%), from €100,430 to €81,138
- Tax, wage and social debts -€15,816
down €15,816 (-61.2%), from €25,824 to €10,008
- Gross operating margin -€75,156
down €75,156, from €74,446 to -€710
- Taxes -€14,500
down €14,500, from €14,073 to -€427
- Other operating charges -€978
down €978 (-49.2%), from €1,987 to €1,008
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 | €236,706 | €200,091 | -€36,616 | -15.5% |
| Fixed assets | 21/28 | €68,980 | €66,094 | -€2,886 | -4.2% |
| Tangible fixed assets | 22/27 | €68,980 | €66,094 | -€2,886 | -4.2% |
| Plant, machinery and equipment | 23 | €2,476 | €1,853 | -€624 | -25.2% |
| Furniture and vehicles | 24 | €48,372 | €35,234 | -€13,138 | -27.2% |
| Other tangible fixed assets | 26 | €18,132 | €29,008 | +€10,876 | +60.0% |
| Current assets | 29/58 | €167,727 | €133,997 | -€33,730 | -20.1% |
| Amounts receivable within one year | 40/41 | €118,843 | €100,555 | -€18,288 | -15.4% |
| Trade receivables | 40 | €79,376 | €30,998 | -€48,378 | -60.9% |
| Other amounts receivable | 41 | €39,467 | €69,557 | +€30,090 | +76.2% |
| Cash at bank and in hand | 54/58 | €48,884 | €33,442 | -€15,442 | -31.6% |
| Total equity and liabilities | 10/49 | €236,706 | €200,091 | -€36,616 | -15.5% |
| Equity | 10/15 | €206,630 | €187,338 | -€19,292 | -9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,430 | €81,138 | -€19,292 | -19.2% |
| Amounts payable | 17/49 | €30,076 | €12,752 | -€17,324 | -57.6% |
| Amounts payable within one year | 42/48 | €30,076 | €12,535 | -€17,542 | -58.3% |
| Trade debts | 44 | €4,252 | €2,527 | -€1,725 | -40.6% |
| Suppliers | 440/4 | €4,252 | €2,527 | -€1,725 | -40.6% |
| Taxes, remuneration and social security | 45 | €25,824 | €10,008 | -€15,816 | -61.2% |
| Taxes | 450/3 | €25,824 | €10,008 | -€15,816 | -61.2% |
| Accrued charges and deferred income | 492/3 | - | €217 | +€217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,968 | €19,009 | +€41 | +0.2% |
| Other operating charges | 640/8 | €1,987 | €1,008 | -€978 | -49.2% |
| Gross operating margin | 9900 | €74,446 | -€710 | -€75,156 | |
| Operating profit (loss) | 9901 | €53,491 | -€20,728 | -€74,219 | |
| Financial income | 75/76B | €657 | €1,099 | +€442 | +67.2% |
| Recurring financial income | 75 | €657 | €1,099 | +€442 | +67.2% |
| Financial charges | 65/66B | €247 | €90 | -€157 | -63.6% |
| Recurring financial charges | 65 | €247 | €90 | -€157 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €53,902 | -€19,719 | -€73,620 | |
| Income taxes | 67/77 | €14,073 | -€427 | -€14,500 | |
| Profit (loss) for the period | 9904 | €39,829 | -€19,292 | -€59,121 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,829 | -€19,292 | -€59,121 |
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 28 October 2026 via checked.be.