BLACA Invest: what changed
What changed
BLACA Invest
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€224,805
2024 · €28,350+€196,455
Equity
€495,663
2024 · €270,858+€224,805
Cash
€18,014
2024 · €72,710-€54,697
Balance sheet total
€1.1m
2024 · €958,146+€100,511
Largest movements
Assets
- Receivables within one year +€219,634
up €219,634 (+127%), from €173,328 to €392,962
of which Other amounts receivable: +€222,136
- Cash -€54,697
down €54,697 (-75.2%), from €72,710 to €18,014
mainly Receivables within one year (-€219,634) and Other debts (-€102,064)
- Tangible fixed assets -€35,783
down €35,783 (-5.3%), from €680,325 to €644,541
of which Land and buildings: -€29,742
- Stocks and contracts -€30,295
no longer reported in 2025 (was €30,295)
Equity and liabilities
- Reserves +€224,805
up €224,805 (+84.6%), from €265,858 to €490,663
of which Tax-exempt reserves: +€200,000
- Other debts -€102,064
down €102,064 (-89.8%), from €113,676 to €11,612
- Provisions +€50,000
new in 2025: €50,000
- Trade debts -€40,099
down €40,099 (-75.7%), from €52,954 to €12,856
- Debts after one year -€35,942
down €35,942 (-7.9%), from €456,432 to €420,490
Income statement
- Gross operating margin +€151,706
up €151,706 (+36.0%), from €421,559 to €573,265
- Staff costs -€89,914
down €89,914 (-29.2%), from €307,637 to €217,723
- Depreciation -€10,235
down €10,235 (-17.5%), from €58,585 to €48,349
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.
Result 2024
€28,350
Gross operating margin
+€151,706
Staff costs
+€89,914
Depreciation
+€10,235
Other operating charges
-€3,357
Financial income
+€68
Financial charges
+€607
Taxes
-€2,719
Deferred taxes and other
-€50,000
Result 2025
€224,805
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€6,579
Investment
-€11,078
Financing
-€37,039
Cash 2024
€72,710
From operations (derived)
-€6,579
Net result for the year
+€224,805
Depreciation
+€48,349
Stocks and contracts
+€30,295
Receivables within one year
-€219,634
Deferred charges and accrued income
-€3,140
Provisions
+€50,000
Trade debts
-€40,099
Tax, wage and social debts
+€1,252
Other debts
-€102,064
Accrued charges and deferred income
+€3,656
Investment (derived)
-€11,078
Investment in fixed assets (net)
-€11,078
Financing
-€37,039
Debts after one year
-€35,942
Current portion of long-term debt
-€1,098
Cash 2025
€18,014
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €958,146 | €1,058,657 | +€100,511 | +10.5% |
| Fixed assets | 21/28 | €681,812 | €644,541 | -€37,271 | -5.5% |
| Intangible fixed assets | 21 | €1,488 | - | -€1,488 | |
| Tangible fixed assets | 22/27 | €680,325 | €644,541 | -€35,783 | -5.3% |
| Land and buildings | 22 | €610,744 | €581,002 | -€29,742 | -4.9% |
| Plant, machinery and equipment | 23 | €42,744 | €36,312 | -€6,433 | -15.0% |
| Furniture and vehicles | 24 | €26,836 | €27,228 | +€392 | +1.5% |
| Current assets | 29/58 | €276,334 | €414,116 | +€137,782 | +49.9% |
| Stocks and contracts in progress | 3 | €30,295 | - | -€30,295 | |
| Stocks | 30/36 | €30,295 | - | -€30,295 | |
| Amounts receivable within one year | 40/41 | €173,328 | €392,962 | +€219,634 | +127% |
| Trade receivables | 40 | €123,783 | €121,282 | -€2,502 | -2.0% |
| Other amounts receivable | 41 | €49,545 | €271,680 | +€222,136 | +448% |
| Cash at bank and in hand | 54/58 | €72,710 | €18,014 | -€54,697 | -75.2% |
| Deferred charges and accrued income | 490/1 | - | €3,140 | +€3,140 | |
| Total equity and liabilities | 10/49 | €958,146 | €1,058,657 | +€100,511 | +10.5% |
| Equity | 10/15 | €270,858 | €495,663 | +€224,805 | +83.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €265,858 | €490,663 | +€224,805 | +84.6% |
| Tax-exempt reserves | 132 | - | €200,000 | +€200,000 | |
| Distributable reserves | 133 | €265,858 | €290,663 | +€24,805 | +9.3% |
| Provisions and deferred taxes | 16 | - | €50,000 | +€50,000 | |
| Deferred taxes | 168 | - | €50,000 | +€50,000 | |
| Amounts payable | 17/49 | €687,288 | €512,994 | -€174,293 | -25.4% |
| Amounts payable after more than one year | 17 | €456,432 | €420,490 | -€35,942 | -7.9% |
| Financial debts | 170/4 | €456,432 | €420,490 | -€35,942 | -7.9% |
| Amounts payable within one year | 42/48 | €230,856 | €88,848 | -€142,008 | -61.5% |
| Current portion of amounts payable after more than one year | 42 | €53,748 | €52,650 | -€1,098 | -2.0% |
| Trade debts | 44 | €52,954 | €12,856 | -€40,099 | -75.7% |
| Suppliers | 440/4 | €52,954 | €12,856 | -€40,099 | -75.7% |
| Taxes, remuneration and social security | 45 | €10,478 | €11,730 | +€1,252 | +12.0% |
| Taxes | 450/3 | €10,478 | €11,730 | +€1,252 | +12.0% |
| Other amounts payable | 47/48 | €113,676 | €11,612 | -€102,064 | -89.8% |
| Accrued charges and deferred income | 492/3 | - | €3,656 | +€3,656 | |
| Remuneration, social security and pensions | 62 | €307,637 | €217,723 | -€89,914 | -29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,585 | €48,349 | -€10,235 | -17.5% |
| Other operating charges | 640/8 | €4,174 | €7,531 | +€3,357 | +80.4% |
| Gross operating margin | 9900 | €421,559 | €573,265 | +€151,706 | +36.0% |
| Operating profit (loss) | 9901 | €51,164 | €299,663 | +€248,499 | +486% |
| Financial income | 75/76B | €20 | €88 | +€68 | +340% |
| Recurring financial income | 75 | €20 | €88 | +€68 | +340% |
| Financial charges | 65/66B | €13,324 | €12,717 | -€607 | -4.6% |
| Recurring financial charges | 65 | €13,324 | €12,717 | -€607 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €37,860 | €287,034 | +€249,174 | +658% |
| Transfer to deferred taxes | 680 | - | €50,000 | +€50,000 | |
| Income taxes | 67/77 | €9,510 | €12,229 | +€2,719 | +28.6% |
| Profit (loss) for the period | 9904 | €28,350 | €224,805 | +€196,455 | +693% |
| Transfer to tax-exempt reserves | 689 | - | €200,000 | +€200,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,350 | €24,805 | -€3,545 | -12.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.