BLACK&BLUE: 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&BLUE
Largest movements
- Cash +€70,763
up €70,763 (+129.2%), from €54,779 to €125,541
mainly Receivables within one year (+€38,755) and Net result for the year (+€31,867)
- Receivables within one year -€38,755
down €38,755 (-69.3%), from €55,961 to €17,206
of which Trade receivables: -€25,643
- Tangible fixed assets -€11,122
down €11,122 (-33.0%), from €33,692 to €22,570
of which Furniture and vehicles: -€8,556
- Reserves +€30,856
up €30,856 (+33.1%), from €93,103 to €123,959
of which Distributable reserves: +€30,856
- Trade debts -€9,599
down €9,599 (-59.5%), from €16,128 to €6,529
- Tax, wage and social debts +€7,049
new in 2025: €7,049
- Current portion of long-term debt -€4,931
down €4,931 (-100.0%), from €4,931 to €0
- Other debts -€3,850
down €3,850 (-100.0%), from €3,850 to €0
- Gross operating margin +€51,652
up €51,652 (+370.5%), from €13,942 to €65,594
- Financial income -€31,024
down €31,024 (-98.7%), from €31,427 to €403
of which Non-recurring financial income: -€31,427
- Taxes +€4,645
up €4,645 (+51.0%), from €9,104 to €13,749
- Financial charges +€3,519
up €3,519 (+165.5%), from €2,127 to €5,647
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 | €145,032 | €165,567 | +€20,535 | +14.2% |
| Fixed assets | 21/28 | €33,942 | €22,820 | -€11,122 | -32.8% |
| Tangible fixed assets | 22/27 | €33,692 | €22,570 | -€11,122 | -33.0% |
| Land and buildings | 22 | €5,427 | €3,618 | -€1,809 | -33.3% |
| Plant, machinery and equipment | 23 | €5,720 | €4,962 | -€758 | -13.2% |
| Furniture and vehicles | 24 | €22,545 | €13,990 | -€8,556 | -37.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €111,090 | €142,748 | +€31,658 | +28.5% |
| Amounts receivable within one year | 40/41 | €55,961 | €17,206 | -€38,755 | -69.3% |
| Trade receivables | 40 | €25,643 | - | -€25,643 | |
| Other amounts receivable | 41 | €30,318 | €17,206 | -€13,112 | -43.2% |
| Cash at bank and in hand | 54/58 | €54,779 | €125,541 | +€70,763 | +129.2% |
| Deferred charges and accrued income | 490/1 | €350 | - | -€350 | |
| Total equity and liabilities | 10/49 | €145,032 | €165,567 | +€20,535 | +14.2% |
| Equity | 10/15 | €112,123 | €143,990 | +€31,867 | +28.4% |
| Contributions | 10/11 | €20,030 | €20,030 | = | 0.0% |
| Reserves | 13 | €93,103 | €123,959 | +€30,856 | +33.1% |
| Non-distributable reserves | 130/1 | €2,003 | €2,003 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,003 | €2,003 | = | 0.0% |
| Distributable reserves | 133 | €91,100 | €121,956 | +€30,856 | +33.9% |
| Profit (loss) carried forward | 14 | -€1,010 | €0 | +€1,010 | |
| Amounts payable | 17/49 | €32,909 | €21,578 | -€11,332 | -34.4% |
| Amounts payable within one year | 42/48 | €32,909 | €21,578 | -€11,332 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €4,931 | €0 | -€4,931 | -100.0% |
| Financial debts | 43 | €8,000 | €8,000 | = | 0.0% |
| Credit institutions | 430/8 | €8,000 | €8,000 | = | 0.0% |
| Trade debts | 44 | €16,128 | €6,529 | -€9,599 | -59.5% |
| Suppliers | 440/4 | €16,128 | €6,529 | -€9,599 | -59.5% |
| Taxes, remuneration and social security | 45 | - | €7,049 | +€7,049 | |
| Taxes | 450/3 | - | €7,049 | +€7,049 | |
| Other amounts payable | 47/48 | €3,850 | €0 | -€3,850 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,387 | €12,521 | +€134 | +1.1% |
| Other operating charges | 640/8 | €2,036 | €2,214 | +€178 | +8.7% |
| Gross operating margin | 9900 | €13,942 | €65,594 | +€51,652 | +370.5% |
| Operating profit (loss) | 9901 | -€482 | €50,859 | +€51,340 | |
| Financial income | 75/76B | €31,427 | €403 | -€31,024 | -98.7% |
| Recurring financial income | 75 | €31,427 | €403 | -€31,024 | -98.7% |
| Non-recurring financial income | 76B | €31,427 | - | -€31,427 | |
| Financial charges | 65/66B | €2,127 | €5,647 | +€3,519 | +165.5% |
| Recurring financial charges | 65 | €2,127 | €5,647 | +€3,519 | +165.5% |
| Profit (loss) for the period before taxes | 9903 | €28,818 | €45,615 | +€16,797 | +58.3% |
| Income taxes | 67/77 | €9,104 | €13,749 | +€4,645 | +51.0% |
| Profit (loss) for the period | 9904 | €19,715 | €31,867 | +€12,152 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,715 | €31,867 | +€12,152 | +61.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.