Black Box Studio: 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.
Black Box Studio
Largest movements
- Receivables within one year -€24,109
down €24,109 (-40.2%), from €59,944 to €35,836
of which Other amounts receivable: -€29,482
- Cash +€11,204
up €11,204 (+41.6%), from €26,949 to €38,153
mainly Receivables within one year (+€24,109) and Net result for the year (+€22,066)
- Tangible fixed assets +€934
up €934 (+28.5%), from €3,281 to €4,215
of which Furniture and vehicles: +€1,650
- Other debts -€47,261
down €47,261 (-94.5%), from €50,000 to €2,739
- Reserves +€22,000
up €22,000 (+861.8%), from €2,553 to €24,553
of which Distributable reserves: +€22,000
- Tax, wage and social debts +€14,225
up €14,225 (+210.9%), from €6,744 to €20,969
- Gross operating margin +€32,879
up €32,879 (+638.4%), from €5,150 to €38,029
- Taxes +€10,238
up €10,238 (+433.7%), from €2,361 to €12,599
- Financial income -€3,406
down €3,406 (-99.6%), from €3,420 to €15
- Other operating charges -€720
down €720 (-48.9%), from €1,471 to €751
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 | €90,186 | €78,613 | -€11,572 | -12.8% |
| Fixed assets | 21/28 | €3,281 | €4,215 | +€934 | +28.5% |
| Tangible fixed assets | 22/27 | €3,281 | €4,215 | +€934 | +28.5% |
| Plant, machinery and equipment | 23 | €2,053 | €1,337 | -€716 | -34.9% |
| Furniture and vehicles | 24 | €1,228 | €2,878 | +€1,650 | +134.3% |
| Current assets | 29/58 | €86,904 | €74,398 | -€12,506 | -14.4% |
| Amounts receivable within one year | 40/41 | €59,944 | €35,836 | -€24,109 | -40.2% |
| Trade receivables | 40 | €27,628 | €33,001 | +€5,374 | +19.4% |
| Other amounts receivable | 41 | €32,317 | €2,834 | -€29,482 | -91.2% |
| Cash at bank and in hand | 54/58 | €26,949 | €38,153 | +€11,204 | +41.6% |
| Deferred charges and accrued income | 490/1 | €11 | €410 | +€399 | +3582.6% |
| Total equity and liabilities | 10/49 | €90,186 | €78,613 | -€11,572 | -12.8% |
| Equity | 10/15 | €32,092 | €53,325 | +€21,233 | +66.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,553 | €24,553 | +€22,000 | +861.8% |
| Non-distributable reserves | 130/1 | €2,553 | €2,553 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,553 | €2,553 | = | 0.0% |
| Distributable reserves | 133 | - | €22,000 | +€22,000 | |
| Profit (loss) carried forward | 14 | €4,539 | €3,772 | -€767 | -16.9% |
| Amounts payable | 17/49 | €58,094 | €25,288 | -€32,806 | -56.5% |
| Amounts payable within one year | 42/48 | €57,594 | €25,288 | -€32,306 | -56.1% |
| Trade debts | 44 | €850 | €1,580 | +€731 | +86.0% |
| Suppliers | 440/4 | €850 | €1,580 | +€731 | +86.0% |
| Taxes, remuneration and social security | 45 | €6,744 | €20,969 | +€14,225 | +210.9% |
| Taxes | 450/3 | €6,744 | €20,969 | +€14,225 | +210.9% |
| Other amounts payable | 47/48 | €50,000 | €2,739 | -€47,261 | -94.5% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Non-recurring operating income | 76A | - | €1,646 | +€1,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,324 | €2,365 | +€41 | +1.8% |
| Other operating charges | 640/8 | €1,471 | €751 | -€720 | -48.9% |
| Gross operating margin | 9900 | €5,150 | €38,029 | +€32,879 | +638.4% |
| Operating profit (loss) | 9901 | €1,354 | €34,912 | +€33,558 | +2478.2% |
| Financial income | 75/76B | €3,420 | €15 | -€3,406 | -99.6% |
| Recurring financial income | 75 | €3,420 | €15 | -€3,406 | -99.6% |
| Financial charges | 65/66B | €240 | €262 | +€22 | +9.2% |
| Recurring financial charges | 65 | €240 | €262 | +€22 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €4,535 | €34,665 | +€30,130 | +664.5% |
| Income taxes | 67/77 | €2,361 | €12,599 | +€10,238 | +433.7% |
| Profit (loss) for the period | 9904 | €2,174 | €22,066 | +€19,892 | +915.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,174 | €22,066 | +€19,892 | +915.0% |
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 8 October 2026 via checked.be.