BLACERCELI: what changed
Two fiscal 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.
BLACERCELI
Largest movements
- Receivables within one year -€146,588
down €146,588 (-74.2%), from €197,437 to €50,848
of which Other amounts receivable: -€151,486
- Stocks and contracts -€129,746
no longer reported in 2025 (was €129,746)
- Debts after one year -€230,000
no longer reported in 2025 (was €230,000)
- Accrued charges and deferred income -€68,127
no longer reported in 2025 (was €68,127)
- Trade debts +€33,046
up €33,046 (+1465.9%), from €2,254 to €35,300
- Profit (loss) carried forward -€5,885
down €5,885 (-98.4%), from €5,978 to €93
- Tax, wage and social debts -€4,064
no longer reported in 2025 (was €4,064)
- Gross operating margin -€21,829
down €21,829, from €18,949 to -€2,880
- Taxes -€8,541
no longer reported in 2025 (was €8,541)
- Financial charges -€1,040
down €1,040 (-33.3%), from €3,126 to €2,086
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.
Cash bridge derived
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 | €329,383 | €54,352 | -€275,031 | -83.5% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €329,383 | €54,352 | -€275,031 | -83.5% |
| Stocks and contracts in progress | 3 | €129,746 | - | -€129,746 | |
| Stocks | 30/36 | €129,746 | - | -€129,746 | |
| Amounts receivable within one year | 40/41 | €197,437 | €50,848 | -€146,588 | -74.2% |
| Trade receivables | 40 | - | €4,898 | +€4,898 | |
| Other amounts receivable | 41 | €197,437 | €45,950 | -€151,486 | -76.7% |
| Cash at bank and in hand | 54/58 | €2,200 | €3,504 | +€1,304 | +59.3% |
| Total equity and liabilities | 10/49 | €329,383 | €54,352 | -€275,031 | -83.5% |
| Equity | 10/15 | €24,578 | €18,693 | -€5,885 | -23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,978 | €93 | -€5,885 | -98.4% |
| Amounts payable | 17/49 | €304,804 | €35,659 | -€269,145 | -88.3% |
| Amounts payable after more than one year | 17 | €230,000 | - | -€230,000 | |
| Other amounts payable | 178/9 | €230,000 | - | -€230,000 | |
| Amounts payable within one year | 42/48 | €6,677 | €35,659 | +€28,982 | +434.0% |
| Trade debts | 44 | €2,254 | €35,300 | +€33,046 | +1465.9% |
| Suppliers | 440/4 | €2,254 | €35,300 | +€33,046 | +1465.9% |
| Taxes, remuneration and social security | 45 | €4,064 | - | -€4,064 | |
| Taxes | 450/3 | €4,064 | - | -€4,064 | |
| Other amounts payable | 47/48 | €359 | €359 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €68,127 | - | -€68,127 | |
| Non-recurring operating income | 76A | - | €1,528 | +€1,528 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €18,949 | -€2,880 | -€21,829 | |
| Operating profit (loss) | 9901 | €17,982 | -€3,878 | -€21,860 | |
| Financial income | 75/76B | €59 | €79 | +€20 | +34.2% |
| Recurring financial income | 75 | €59 | €79 | +€20 | +34.2% |
| Financial charges | 65/66B | €3,126 | €2,086 | -€1,040 | -33.3% |
| Recurring financial charges | 65 | €3,126 | €2,086 | -€1,040 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €14,915 | -€5,885 | -€20,800 | |
| Income taxes | 67/77 | €8,541 | - | -€8,541 | |
| Profit (loss) for the period | 9904 | €6,374 | -€5,885 | -€12,259 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,374 | -€5,885 | -€12,259 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.