Black Imperium: 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 Imperium
Largest movements
- Tangible fixed assets +€3,974
up €3,974 (+29.8%), from €13,330 to €17,304
of which Plant, machinery and equipment: +€7,804
- Stocks and contracts +€3,440
new in 2025: €3,440
- Receivables within one year -€3,218
down €3,218 (-62.5%), from €5,149 to €1,931
of which Other amounts receivable: -€4,778
- Trade debts -€38,194
down €38,194 (-60.8%), from €62,806 to €24,612
- Tax, wage and social debts +€34,423
up €34,423 (+1,030%), from €3,341 to €37,764
- Profit (loss) carried forward +€25,546
up €25,546 (+19.1%), from -€134,047 to -€108,501
- Other debts -€17,579
down €17,579 (-20.4%), from €86,379 to €68,800
- Gross operating margin +€23,833
up €23,833, from -€17,144 to €6,689
- Other operating charges -€2,846
no longer reported in 2025 (was €2,846)
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,679 | €28,875 | +€4,196 | +17.0% |
| Fixed assets | 21/28 | €13,330 | €17,304 | +€3,974 | +29.8% |
| Tangible fixed assets | 22/27 | €13,330 | €17,304 | +€3,974 | +29.8% |
| Plant, machinery and equipment | 23 | - | €7,804 | +€7,804 | |
| Furniture and vehicles | 24 | €13,330 | €9,500 | -€3,830 | -28.7% |
| Current assets | 29/58 | €11,349 | €11,571 | +€222 | +2.0% |
| Stocks and contracts in progress | 3 | - | €3,440 | +€3,440 | |
| Stocks | 30/36 | - | €3,440 | +€3,440 | |
| Amounts receivable within one year | 40/41 | €5,149 | €1,931 | -€3,218 | -62.5% |
| Trade receivables | 40 | €371 | €1,931 | +€1,560 | +420% |
| Other amounts receivable | 41 | €4,778 | - | -€4,778 | |
| Cash at bank and in hand | 54/58 | €6,200 | €6,200 | = | 0.0% |
| Total equity and liabilities | 10/49 | €24,679 | €28,875 | +€4,196 | +17.0% |
| Equity | 10/15 | -€127,847 | -€102,301 | +€25,546 | +20.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,047 | -€108,501 | +€25,546 | +19.1% |
| Amounts payable | 17/49 | €152,526 | €131,176 | -€21,350 | -14.0% |
| Amounts payable within one year | 42/48 | €152,526 | €131,176 | -€21,350 | -14.0% |
| Trade debts | 44 | €62,806 | €24,612 | -€38,194 | -60.8% |
| Suppliers | 440/4 | €62,806 | €24,612 | -€38,194 | -60.8% |
| Taxes, remuneration and social security | 45 | €3,341 | €37,764 | +€34,423 | +1,030% |
| Taxes | 450/3 | €3,341 | €37,764 | +€34,423 | +1,030% |
| Other amounts payable | 47/48 | €86,379 | €68,800 | -€17,579 | -20.4% |
| Other operating charges | 640/8 | €2,846 | - | -€2,846 | |
| Gross operating margin | 9900 | -€17,144 | €6,689 | +€23,833 | |
| Operating profit (loss) | 9901 | -€19,990 | €6,689 | +€26,679 | |
| Profit (loss) for the period before taxes | 9903 | -€19,990 | €6,689 | +€26,679 | |
| Profit (loss) for the period | 9904 | -€19,990 | €6,689 | +€26,679 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,990 | €6,689 | +€26,679 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.