SOURCE BLEUE: what changed
SOURCE BLEUE
Largest movements
- Cash +€32,313
up €32,313 (+379%), from €8,525 to €40,838
mainly Net result for the year (+€32,370) and Tax, wage and social debts (+€2,238)
- Receivables within one year -€2,041
down €2,041 (-21.9%), from €9,315 to €7,275
of which Trade receivables: -€2,286
- Deferred charges and accrued income -€659
down €659 (-35.2%), from €1,872 to €1,213
- Profit (loss) carried forward +€32,370
up €32,370, from -€25,059 to €7,311
- Debts after one year -€6,343
down €6,343 (-25.0%), from €25,372 to €19,029
- Tax, wage and social debts +€2,238
up €2,238 (+45.7%), from €4,895 to €7,133
- Trade debts +€1,088
up €1,088 (+301%), from €362 to €1,449
- Staff costs -€14,213
no longer reported in 2025 (was €14,213)
- Gross operating margin +€13,908
up €13,908 (+45.6%), from €30,503 to €44,412
- Taxes +€10,078
up €10,078 (+3,357%), from €300 to €10,378
- Depreciation -€8,539
no longer reported in 2025 (was €8,539)
- Financial charges -€527
down €527 (-29.4%), from €1,794 to €1,267
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,973 | €49,325 | +€29,352 | +147% |
| Fixed assets | 21/28 | €260 | - | -€260 | |
| Financial fixed assets | 28 | €260 | - | -€260 | |
| Current assets | 29/58 | €19,713 | €49,325 | +€29,612 | +150% |
| Amounts receivable within one year | 40/41 | €9,315 | €7,275 | -€2,041 | -21.9% |
| Trade receivables | 40 | €8,840 | €6,553 | -€2,286 | -25.9% |
| Other amounts receivable | 41 | €476 | €721 | +€246 | +51.6% |
| Cash at bank and in hand | 54/58 | €8,525 | €40,838 | +€32,313 | +379% |
| Deferred charges and accrued income | 490/1 | €1,872 | €1,213 | -€659 | -35.2% |
| Total equity and liabilities | 10/49 | €19,973 | €49,325 | +€29,352 | +147% |
| Equity | 10/15 | -€16,999 | €15,371 | +€32,370 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | -€25,059 | €7,311 | +€32,370 | |
| Amounts payable | 17/49 | €36,972 | €33,954 | -€3,018 | -8.2% |
| Amounts payable after more than one year | 17 | €25,372 | €19,029 | -€6,343 | -25.0% |
| Financial debts | 170/4 | €25,372 | €19,029 | -€6,343 | -25.0% |
| Amounts payable within one year | 42/48 | €11,600 | €14,925 | +€3,325 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €6,343 | €6,343 | = | 0.0% |
| Trade debts | 44 | €362 | €1,449 | +€1,088 | +301% |
| Suppliers | 440/4 | €362 | €1,449 | +€1,088 | +301% |
| Taxes, remuneration and social security | 45 | €4,895 | €7,133 | +€2,238 | +45.7% |
| Taxes | 450/3 | €4,895 | €7,133 | +€2,238 | +45.7% |
| Remuneration, social security and pensions | 62 | €14,213 | - | -€14,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,539 | - | -€8,539 | |
| Other operating charges | 640/8 | €542 | €428 | -€114 | -21.0% |
| Gross operating margin | 9900 | €30,503 | €44,412 | +€13,908 | +45.6% |
| Operating profit (loss) | 9901 | €7,210 | €43,983 | +€36,774 | +510% |
| Financial income | 75/76B | €1 | €32 | +€31 | +3,901% |
| Recurring financial income | 75 | €1 | €32 | +€31 | +3,901% |
| Financial charges | 65/66B | €1,794 | €1,267 | -€527 | -29.4% |
| Recurring financial charges | 65 | €1,794 | €1,267 | -€527 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €5,417 | €42,749 | +€37,332 | +689% |
| Income taxes | 67/77 | €300 | €10,378 | +€10,078 | +3,357% |
| Profit (loss) for the period | 9904 | €5,117 | €32,370 | +€27,254 | +533% |
| Profit (loss) for the period to be appropriated | 9905 | €5,117 | €32,370 | +€27,254 | +533% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.