Black Hand Crew: 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 Hand Crew
Largest movements
- Receivables within one year +€54,487
up €54,487 (+70.4%), from €77,419 to €131,906
of which Trade receivables: +€43,974
- Cash +€48,514
up €48,514 (+63.0%), from €76,974 to €125,488
mainly Net result for the year (+€100,330) and Other debts (+€25,000)
- Profit (loss) carried forward +€52,830
up €52,830 (+83.7%), from €63,117 to €115,947
- Other debts +€25,000
new in 2025: €25,000
- Reserves +€15,000
up €15,000 (+100%), from €15,000 to €30,000
- Accrued charges and deferred income +€13,599
new in 2025: €13,599
- Trade debts -€10,964
down €10,964 (-15.4%), from €71,189 to €60,225
- Gross operating margin +€103,597
up €103,597 (+181%), from €57,319 to €160,916
- Taxes +€22,666
up €22,666 (+192%), from €11,831 to €34,497
- Depreciation +€7,483
up €7,483 (+72.7%), from €10,291 to €17,774
- Staff costs +€5,373
new in 2025: €5,373
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 | €214,634 | €322,394 | +€107,760 | +50.2% |
| Fixed assets | 21/28 | €60,042 | €62,156 | +€2,114 | +3.5% |
| Tangible fixed assets | 22/27 | €60,042 | €62,156 | +€2,114 | +3.5% |
| Plant, machinery and equipment | 23 | €4,546 | €3,246 | -€1,300 | -28.6% |
| Furniture and vehicles | 24 | €55,496 | €58,910 | +€3,414 | +6.2% |
| Current assets | 29/58 | €154,592 | €260,238 | +€105,646 | +68.3% |
| Amounts receivable within one year | 40/41 | €77,419 | €131,906 | +€54,487 | +70.4% |
| Trade receivables | 40 | €50,728 | €94,702 | +€43,974 | +86.7% |
| Other amounts receivable | 41 | €26,691 | €37,204 | +€10,513 | +39.4% |
| Cash at bank and in hand | 54/58 | €76,974 | €125,488 | +€48,514 | +63.0% |
| Deferred charges and accrued income | 490/1 | €199 | €2,844 | +€2,645 | +1,329% |
| Total equity and liabilities | 10/49 | €214,634 | €322,394 | +€107,760 | +50.2% |
| Equity | 10/15 | €81,117 | €148,947 | +€67,830 | +83.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €30,000 | +€15,000 | +100% |
| Distributable reserves | 133 | €15,000 | €30,000 | +€15,000 | +100% |
| Profit (loss) carried forward | 14 | €63,117 | €115,947 | +€52,830 | +83.7% |
| Amounts payable | 17/49 | €133,517 | €173,447 | +€39,930 | +29.9% |
| Amounts payable after more than one year | 17 | €26,378 | €28,681 | +€2,303 | +8.7% |
| Financial debts | 170/4 | €26,378 | €28,681 | +€2,303 | +8.7% |
| Amounts payable within one year | 42/48 | €107,139 | €131,167 | +€24,028 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €13,045 | €16,245 | +€3,200 | +24.5% |
| Trade debts | 44 | €71,189 | €60,225 | -€10,964 | -15.4% |
| Suppliers | 440/4 | €71,189 | €60,225 | -€10,964 | -15.4% |
| Taxes, remuneration and social security | 45 | €22,905 | €29,697 | +€6,792 | +29.7% |
| Taxes | 450/3 | €22,905 | €28,502 | +€5,597 | +24.4% |
| Remuneration and social security | 454/9 | - | €1,195 | +€1,195 | |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | - | €13,599 | +€13,599 | |
| Remuneration, social security and pensions | 62 | - | €5,373 | +€5,373 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,291 | €17,774 | +€7,483 | +72.7% |
| Other operating charges | 640/8 | €919 | €781 | -€138 | -15.0% |
| Non-recurring operating charges | 66A | €173 | €427 | +€254 | +147% |
| Gross operating margin | 9900 | €57,319 | €160,916 | +€103,597 | +181% |
| Operating profit (loss) | 9901 | €45,936 | €136,561 | +€90,625 | +197% |
| Financial charges | 65/66B | €3,118 | €1,734 | -€1,384 | -44.4% |
| Recurring financial charges | 65 | €3,118 | €1,734 | -€1,384 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €42,818 | €134,827 | +€92,009 | +215% |
| Income taxes | 67/77 | €11,831 | €34,497 | +€22,666 | +192% |
| Profit (loss) for the period | 9904 | €30,987 | €100,330 | +€69,343 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €30,987 | €100,330 | +€69,343 | +224% |
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 15 October 2026 via checked.be.