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
- Current investments +€112,740
new in 2025: €112,740
- Cash -€48,884
down €48,884 (-92.7%), from €52,727 to €3,843
mainly Current investments (-€112,740) and Receivables within one year (-€15,353)
- Receivables within one year +€15,353
new in 2025: €15,353
of which Trade receivables: +€13,200
- Tangible fixed assets -€5,489
down €5,489 (-37.1%), from €14,797 to €9,309
- Deferred charges and accrued income +€5,320
up €5,320 (+1,590%), from €335 to €5,655
- Profit (loss) carried forward +€76,269
up €76,269 (+188%), from €40,526 to €116,794
- Tax, wage and social debts +€5,695
up €5,695 (+27.8%), from €20,490 to €26,185
of which Taxes: +€3,195
- Other debts -€2,104
down €2,104 (-100%), from €2,104 to €0
- Gross operating margin +€48,075
up €48,075 (+91.6%), from €52,499 to €100,574
- Taxes +€9,033
up €9,033 (+87.8%), from €10,289 to €19,323
- Depreciation +€3,820
up €3,820 (+229%), from €1,669 to €5,489
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 | €67,859 | €147,800 | +€79,941 | +118% |
| Fixed assets | 21/28 | €14,797 | €10,209 | -€4,589 | -31.0% |
| Tangible fixed assets | 22/27 | €14,797 | €9,309 | -€5,489 | -37.1% |
| Furniture and vehicles | 24 | €14,797 | €9,309 | -€5,489 | -37.1% |
| Financial fixed assets | 28 | - | €900 | +€900 | |
| Current assets | 29/58 | €53,062 | €137,591 | +€84,529 | +159% |
| Amounts receivable within one year | 40/41 | - | €15,353 | +€15,353 | |
| Trade receivables | 40 | - | €13,200 | +€13,200 | |
| Other amounts receivable | 41 | - | €2,153 | +€2,153 | |
| Current investments | 50/53 | - | €112,740 | +€112,740 | |
| Cash at bank and in hand | 54/58 | €52,727 | €3,843 | -€48,884 | -92.7% |
| Deferred charges and accrued income | 490/1 | €335 | €5,655 | +€5,320 | +1,590% |
| Total equity and liabilities | 10/49 | €67,859 | €147,800 | +€79,941 | +118% |
| Equity | 10/15 | €44,526 | €120,794 | +€76,269 | +171% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,526 | €116,794 | +€76,269 | +188% |
| Amounts payable | 17/49 | €23,334 | €27,006 | +€3,672 | +15.7% |
| Amounts payable within one year | 42/48 | €23,334 | €27,006 | +€3,672 | +15.7% |
| Financial debts | 43 | - | €115 | +€115 | |
| Credit institutions | 430/8 | - | €115 | +€115 | |
| Trade debts | 44 | €740 | €705 | -€35 | -4.7% |
| Suppliers | 440/4 | €740 | €705 | -€35 | -4.7% |
| Taxes, remuneration and social security | 45 | €20,490 | €26,185 | +€5,695 | +27.8% |
| Taxes | 450/3 | €20,490 | €23,685 | +€3,195 | +15.6% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €2,104 | €0 | -€2,104 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,669 | €5,489 | +€3,820 | +229% |
| Gross operating margin | 9900 | €52,499 | €100,574 | +€48,075 | +91.6% |
| Operating profit (loss) | 9901 | €50,829 | €95,085 | +€44,255 | +87.1% |
| Financial income | 75/76B | - | €857 | +€857 | |
| Recurring financial income | 75 | - | €857 | +€857 | |
| Financial charges | 65/66B | €15 | €350 | +€336 | +2,291% |
| Recurring financial charges | 65 | €15 | €350 | +€336 | +2,291% |
| Profit (loss) for the period before taxes | 9903 | €50,815 | €95,591 | +€44,777 | +88.1% |
| Income taxes | 67/77 | €10,289 | €19,323 | +€9,033 | +87.8% |
| Profit (loss) for the period | 9904 | €40,526 | €76,269 | +€35,743 | +88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,526 | €76,269 | +€35,743 | +88.2% |
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 24 October 2026 via checked.be.