BLACK BOIS: 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 BOIS
Largest movements
- Tangible fixed assets -€19,761
down €19,761 (-32.4%), from €60,928 to €41,167
of which Furniture and vehicles: -€10,759
- Receivables within one year +€8,414
up €8,414 (+4,614%), from €182 to €8,597
of which Trade receivables: +€8,400
- Deferred charges and accrued income +€934
up €934 (+702%), from €133 to €1,067
- Profit (loss) carried forward +€17,245
up €17,245 (+74.9%), from -€23,029 to -€5,784
- Debts after one year -€15,049
down €15,049 (-72.0%), from €20,890 to €5,841
- Current portion of long-term debt -€7,650
down €7,650 (-32.0%), from €23,887 to €16,236
- Tax, wage and social debts -€4,500
no longer reported in 2025 (was €4,500)
- Other debts -€3,816
down €3,816 (-30.1%), from €12,661 to €8,845
- Staff costs -€46,902
down €46,902 (-98.0%), from €47,841 to €939
- Gross operating margin -€38,377
down €38,377 (-52.7%), from €72,810 to €34,433
- Depreciation -€5,426
down €5,426 (-28.2%), from €19,207 to €13,781
- Other operating charges -€914
down €914 (-75.8%), from €1,205 to €291
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.
Derived cash bridge
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 | €61,243 | €50,836 | -€10,407 | -17.0% |
| Fixed assets | 21/28 | €60,928 | €41,167 | -€19,761 | -32.4% |
| Tangible fixed assets | 22/27 | €60,928 | €41,167 | -€19,761 | -32.4% |
| Plant, machinery and equipment | 23 | €17,296 | €8,295 | -€9,002 | -52.0% |
| Furniture and vehicles | 24 | €43,632 | €32,872 | -€10,759 | -24.7% |
| Current assets | 29/58 | €315 | €9,669 | +€9,354 | +2,966% |
| Amounts receivable within one year | 40/41 | €182 | €8,597 | +€8,414 | +4,614% |
| Trade receivables | 40 | - | €8,400 | +€8,400 | |
| Other amounts receivable | 41 | €182 | €196 | +€14 | +7.7% |
| Cash at bank and in hand | 54/58 | - | €6 | +€6 | |
| Deferred charges and accrued income | 490/1 | €133 | €1,067 | +€934 | +702% |
| Total equity and liabilities | 10/49 | €61,243 | €50,836 | -€10,407 | -17.0% |
| Equity | 10/15 | -€8,029 | €9,216 | +€17,245 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,029 | -€5,784 | +€17,245 | +74.9% |
| Amounts payable | 17/49 | €69,273 | €41,620 | -€27,653 | -39.9% |
| Amounts payable after more than one year | 17 | €20,890 | €5,841 | -€15,049 | -72.0% |
| Financial debts | 170/4 | €20,890 | €5,841 | -€15,049 | -72.0% |
| Amounts payable within one year | 42/48 | €47,508 | €35,778 | -€11,729 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €23,887 | €16,236 | -€7,650 | -32.0% |
| Financial debts | 43 | €1,578 | €3,326 | +€1,747 | +111% |
| Credit institutions | 430/8 | €1,578 | €3,326 | +€1,747 | +111% |
| Trade debts | 44 | €4,882 | €7,372 | +€2,489 | +51.0% |
| Suppliers | 440/4 | €4,882 | €7,372 | +€2,489 | +51.0% |
| Taxes, remuneration and social security | 45 | €4,500 | - | -€4,500 | |
| Remuneration and social security | 454/9 | €4,500 | - | -€4,500 | |
| Other amounts payable | 47/48 | €12,661 | €8,845 | -€3,816 | -30.1% |
| Accrued charges and deferred income | 492/3 | €875 | - | -€875 | |
| Non-recurring operating income | 76A | €10,898 | €20 | -€10,878 | -99.8% |
| Remuneration, social security and pensions | 62 | €47,841 | €939 | -€46,902 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,207 | €13,781 | -€5,426 | -28.2% |
| Other operating charges | 640/8 | €1,205 | €291 | -€914 | -75.8% |
| Gross operating margin | 9900 | €72,810 | €34,433 | -€38,377 | -52.7% |
| Operating profit (loss) | 9901 | €4,557 | €19,421 | +€14,864 | +326% |
| Financial charges | 65/66B | €1,728 | €2,176 | +€448 | +25.9% |
| Recurring financial charges | 65 | €1,728 | €2,176 | +€448 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €2,829 | €17,245 | +€14,416 | +510% |
| Profit (loss) for the period | 9904 | €2,829 | €17,245 | +€14,416 | +510% |
| Profit (loss) for the period to be appropriated | 9905 | €2,829 | €17,245 | +€14,416 | +510% |
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 17 October 2026 via checked.be.