BLACK BEAR TECHNOLOGIES: 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.
BLACK BEAR TECHNOLOGIES
Largest movements
- Cash +€40,006
up €40,006 (+75.8%), from €52,778 to €92,783
mainly Net result for the year (+€47,960) and Tax, wage and social debts (+€16,917)
- Receivables within one year +€24,943
up €24,943 (+186.6%), from €13,371 to €38,313
of which Other amounts receivable: +€20,454
- Profit (loss) carried forward +€47,960
up €47,960 (+110.3%), from €43,478 to €91,438
- Tax, wage and social debts +€16,917
up €16,917 (+71.8%), from €23,561 to €40,478
of which Taxes: +€16,767
- Gross operating margin +€6,689
up €6,689 (+11.4%), from €58,900 to €65,589
- Depreciation +€1,423
up €1,423 (+174.4%), from €816 to €2,239
- Taxes +€1,219
up €1,219 (+10.0%), from €12,245 to €13,464
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 | €72,870 | €137,455 | +€64,585 | +88.6% |
| Fixed assets | 21/28 | €4,656 | €5,278 | +€623 | +13.4% |
| Tangible fixed assets | 22/27 | €4,656 | €5,278 | +€623 | +13.4% |
| Furniture and vehicles | 24 | €4,656 | €5,278 | +€623 | +13.4% |
| Current assets | 29/58 | €68,215 | €132,177 | +€63,962 | +93.8% |
| Amounts receivable within one year | 40/41 | €13,371 | €38,313 | +€24,943 | +186.6% |
| Trade receivables | 40 | €13,371 | €17,860 | +€4,489 | +33.6% |
| Other amounts receivable | 41 | - | €20,454 | +€20,454 | |
| Cash at bank and in hand | 54/58 | €52,778 | €92,783 | +€40,006 | +75.8% |
| Deferred charges and accrued income | 490/1 | €2,067 | €1,081 | -€986 | -47.7% |
| Total equity and liabilities | 10/49 | €72,870 | €137,455 | +€64,585 | +88.6% |
| Equity | 10/15 | €47,478 | €95,438 | +€47,960 | +101.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,478 | €91,438 | +€47,960 | +110.3% |
| Amounts payable | 17/49 | €25,392 | €42,017 | +€16,625 | +65.5% |
| Amounts payable within one year | 42/48 | €25,392 | €42,017 | +€16,625 | +65.5% |
| Trade debts | 44 | €1,730 | €1,539 | -€191 | -11.0% |
| Suppliers | 440/4 | €1,730 | €1,539 | -€191 | -11.0% |
| Taxes, remuneration and social security | 45 | €23,561 | €40,478 | +€16,917 | +71.8% |
| Taxes | 450/3 | €21,811 | €38,578 | +€16,767 | +76.9% |
| Remuneration and social security | 454/9 | €1,750 | €1,900 | +€150 | +8.6% |
| Other amounts payable | 47/48 | €101 | €0 | -€101 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €816 | €2,239 | +€1,423 | +174.4% |
| Other operating charges | 640/8 | €1,097 | €1,007 | -€90 | -8.2% |
| Gross operating margin | 9900 | €58,900 | €65,589 | +€6,689 | +11.4% |
| Operating profit (loss) | 9901 | €56,987 | €62,343 | +€5,355 | +9.4% |
| Financial income | 75/76B | - | €554 | +€554 | |
| Recurring financial income | 75 | - | €554 | +€554 | |
| Financial charges | 65/66B | €1,264 | €1,472 | +€209 | +16.5% |
| Recurring financial charges | 65 | €1,264 | €1,472 | +€209 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €55,723 | €61,424 | +€5,701 | +10.2% |
| Income taxes | 67/77 | €12,245 | €13,464 | +€1,219 | +10.0% |
| Profit (loss) for the period | 9904 | €43,478 | €47,960 | +€4,482 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,478 | €47,960 | +€4,482 | +10.3% |
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 9 October 2026 via checked.be.