Black Fox Consulting: 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 Fox Consulting
Largest movements
- Cash +€67,421
up €67,421 (+114%), from €59,105 to €126,526
mainly Net result for the year (+€55,981) and Tax, wage and social debts (+€20,409)
- Tangible fixed assets +€7,411
new in 2025: €7,411
- Receivables within one year +€1,683
up €1,683 (+19.2%), from €8,782 to €10,464
of which Trade receivables: +€1,190
- Reserves +€55,148
up €55,148 (+114%), from €48,373 to €103,521
- Tax, wage and social debts +€20,409
up €20,409 (+158%), from €12,912 to €33,321
of which Taxes: +€17,909
- Accrued charges and deferred income +€2,940
new in 2025: €2,940
- Other debts -€2,313
down €2,313 (-37.6%), from €6,160 to €3,847
- Gross operating margin +€10,614
up €10,614 (+17.1%), from €62,010 to €72,624
- Taxes +€2,589
up €2,589 (+20.5%), from €12,654 to €15,243
- Depreciation +€1,118
new in 2025: €1,118
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 | €68,616 | €145,056 | +€76,440 | +111% |
| Fixed assets | 21/28 | - | €7,411 | +€7,411 | |
| Tangible fixed assets | 22/27 | - | €7,411 | +€7,411 | |
| Furniture and vehicles | 24 | - | €7,411 | +€7,411 | |
| Current assets | 29/58 | €68,616 | €137,645 | +€69,029 | +101% |
| Amounts receivable within one year | 40/41 | €8,782 | €10,464 | +€1,683 | +19.2% |
| Trade receivables | 40 | €8,400 | €9,590 | +€1,190 | +14.2% |
| Other amounts receivable | 41 | €382 | €874 | +€493 | +129% |
| Cash at bank and in hand | 54/58 | €59,105 | €126,526 | +€67,421 | +114% |
| Deferred charges and accrued income | 490/1 | €730 | €655 | -€74 | -10.2% |
| Total equity and liabilities | 10/49 | €68,616 | €145,056 | +€76,440 | +111% |
| Equity | 10/15 | €49,373 | €104,521 | +€55,148 | +112% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €48,373 | €103,521 | +€55,148 | +114% |
| Distributable reserves | 133 | €48,373 | €103,521 | +€55,148 | +114% |
| Amounts payable | 17/49 | €19,243 | €40,535 | +€21,292 | +111% |
| Amounts payable within one year | 42/48 | €19,243 | €37,595 | +€18,352 | +95.4% |
| Trade debts | 44 | €171 | €428 | +€256 | +150% |
| Suppliers | 440/4 | €171 | €428 | +€256 | +150% |
| Taxes, remuneration and social security | 45 | €12,912 | €33,321 | +€20,409 | +158% |
| Taxes | 450/3 | €12,912 | €30,821 | +€17,909 | +139% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €6,160 | €3,847 | -€2,313 | -37.6% |
| Accrued charges and deferred income | 492/3 | - | €2,940 | +€2,940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,118 | +€1,118 | |
| Other operating charges | 640/8 | €56 | €175 | +€119 | +213% |
| Gross operating margin | 9900 | €62,010 | €72,624 | +€10,614 | +17.1% |
| Operating profit (loss) | 9901 | €61,954 | €71,330 | +€9,377 | +15.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €68 | €106 | +€39 | +57.0% |
| Recurring financial charges | 65 | €68 | €106 | +€39 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | €61,886 | €71,224 | +€9,338 | +15.1% |
| Income taxes | 67/77 | €12,654 | €15,243 | +€2,589 | +20.5% |
| Profit (loss) for the period | 9904 | €49,232 | €55,981 | +€6,749 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,232 | €55,981 | +€6,749 | +13.7% |
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 30 October 2026 via checked.be.