BF3 BLACK MARBLE: 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.
BF3 BLACK MARBLE
Largest movements
- Cash -€7,975
down €7,975 (-24.1%), from €33,029 to €25,054
mainly Debts after one year (-€18,697) and Net result for the year (-€7,992)
- Short-term financial debts +€19,297
new in 2026: €19,297
- Debts after one year -€18,697
down €18,697 (-100%), from €18,697 to €0
- Profit (loss) carried forward -€7,992
down €7,992 (-11.2%), from -€71,457 to -€79,449
- Gross operating margin -€612
down €612 (-10.4%), from -€5,885 to -€6,497
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,948 | €212,973 | -€7,975 | -3.6% |
| Current assets | 29/58 | €220,948 | €212,973 | -€7,975 | -3.6% |
| Stocks and contracts in progress | 3 | €187,842 | €187,842 | = | 0.0% |
| Stocks | 30/36 | €187,842 | €187,842 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77 | €77 | = | 0.0% |
| Other amounts receivable | 41 | €77 | €77 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,029 | €25,054 | -€7,975 | -24.1% |
| Total equity and liabilities | 10/49 | €220,948 | €212,973 | -€7,975 | -3.6% |
| Equity | 10/15 | €198,543 | €190,551 | -€7,992 | -4.0% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,457 | -€79,449 | -€7,992 | -11.2% |
| Amounts payable | 17/49 | €22,405 | €22,421 | +€17 | +0.1% |
| Amounts payable after more than one year | 17 | €18,697 | €0 | -€18,697 | -100% |
| Financial debts | 170/4 | €18,697 | €0 | -€18,697 | -100% |
| Amounts payable within one year | 42/48 | €3,708 | €22,421 | +€18,714 | +505% |
| Financial debts | 43 | - | €19,297 | +€19,297 | |
| Other loans | 439 | - | €19,297 | +€19,297 | |
| Trade debts | 44 | €3,708 | €3,125 | -€583 | -15.7% |
| Suppliers | 440/4 | €3,708 | €3,125 | -€583 | -15.7% |
| Other operating charges | 640/8 | €402 | €419 | +€17 | +4.2% |
| Gross operating margin | 9900 | -€5,885 | -€6,497 | -€612 | -10.4% |
| Operating profit (loss) | 9901 | -€6,287 | -€6,916 | -€629 | -10.0% |
| Financial charges | 65/66B | €1,032 | €1,076 | +€44 | +4.3% |
| Recurring financial charges | 65 | €1,032 | €1,076 | +€44 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,319 | -€7,992 | -€673 | -9.2% |
| Profit (loss) for the period | 9904 | -€7,319 | -€7,992 | -€673 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,319 | -€7,992 | -€673 | -9.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.