BLACK KNIGHT: 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 KNIGHT
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Receivables after one year -€100,000
down €100,000 (-34.2%), from €292,487 to €192,487
- Receivables within one year -€78,189
down €78,189 (-44.2%), from €177,040 to €98,851
of which Trade receivables: -€46,240
- Deferred charges and accrued income +€42,245
up €42,245 (+1,164%), from €3,628 to €45,873
- Tangible fixed assets -€22,397
down €22,397 (-4.2%), from €538,984 to €516,587
of which Land and buildings: -€17,902
- Other debts +€43,418
new in 2025: €43,418
- Profit (loss) carried forward -€33,236
new in 2025: -€33,236
- Short-term financial debts +€13,823
up €13,823 (+78.1%), from €17,707 to €31,530
of which Credit institutions: +€14,030
- Debts after one year -€12,240
down €12,240 (-5.9%), from €206,109 to €193,869
- Gross operating margin -€38,254
down €38,254 (-75.8%), from €50,465 to €12,212
- Taxes -€14,952
down €14,952 (-96.9%), from €15,434 to €483
- Staff costs +€4,605
new in 2025: €4,605
- Financial charges +€4,389
up €4,389 (+32.5%), from €13,496 to €17,886
- Financial income -€1,506
down €1,506 (-14.0%), from €10,778 to €9,272
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 | €1,012,603 | €1,017,992 | +€5,389 | +0.5% |
| Fixed assets | 21/28 | €538,984 | €516,587 | -€22,397 | -4.2% |
| Tangible fixed assets | 22/27 | €538,984 | €516,587 | -€22,397 | -4.2% |
| Land and buildings | 22 | €505,217 | €487,315 | -€17,902 | -3.5% |
| Plant, machinery and equipment | 23 | €2,322 | €2,089 | -€233 | -10.0% |
| Furniture and vehicles | 24 | €14,613 | €17,203 | +€2,590 | +17.7% |
| Other tangible fixed assets | 26 | €16,832 | €9,980 | -€6,852 | -40.7% |
| Current assets | 29/58 | €473,619 | €501,406 | +€27,786 | +5.9% |
| Amounts receivable after more than one year | 29 | €292,487 | €192,487 | -€100,000 | -34.2% |
| Other amounts receivable | 291 | €292,487 | €192,487 | -€100,000 | -34.2% |
| Amounts receivable within one year | 40/41 | €177,040 | €98,851 | -€78,189 | -44.2% |
| Trade receivables | 40 | €125,506 | €79,266 | -€46,240 | -36.8% |
| Other amounts receivable | 41 | €51,534 | €19,585 | -€31,949 | -62.0% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €464 | €14,195 | +€13,731 | +2,960% |
| Deferred charges and accrued income | 490/1 | €3,628 | €45,873 | +€42,245 | +1,164% |
| Total equity and liabilities | 10/49 | €1,012,603 | €1,017,992 | +€5,389 | +0.5% |
| Equity | 10/15 | €752,895 | €719,659 | -€33,236 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €746,695 | €746,695 | = | 0.0% |
| Distributable reserves | 133 | €746,695 | €746,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€33,236 | -€33,236 | |
| Amounts payable | 17/49 | €259,708 | €298,333 | +€38,625 | +14.9% |
| Amounts payable after more than one year | 17 | €206,109 | €193,869 | -€12,240 | -5.9% |
| Financial debts | 170/4 | €206,109 | €193,869 | -€12,240 | -5.9% |
| Amounts payable within one year | 42/48 | €53,599 | €104,464 | +€50,865 | +94.9% |
| Current portion of amounts payable after more than one year | 42 | €11,731 | €12,240 | +€508 | +4.3% |
| Financial debts | 43 | €17,707 | €31,530 | +€13,823 | +78.1% |
| Credit institutions | 430/8 | - | €14,030 | +€14,030 | |
| Other loans | 439 | €17,707 | €17,500 | -€207 | -1.2% |
| Trade debts | 44 | €13,541 | €15,106 | +€1,565 | +11.6% |
| Suppliers | 440/4 | €13,541 | €15,106 | +€1,565 | +11.6% |
| Taxes, remuneration and social security | 45 | €10,620 | €2,170 | -€8,450 | -79.6% |
| Taxes | 450/3 | €8,069 | €1,055 | -€7,014 | -86.9% |
| Remuneration and social security | 454/9 | €2,551 | €1,115 | -€1,436 | -56.3% |
| Other amounts payable | 47/48 | - | €43,418 | +€43,418 | |
| Remuneration, social security and pensions | 62 | - | €4,605 | +€4,605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,115 | €30,968 | +€853 | +2.8% |
| Other operating charges | 640/8 | €1,406 | €778 | -€627 | -44.6% |
| Non-recurring operating charges | 66A | €324 | - | -€324 | |
| Gross operating margin | 9900 | €50,465 | €12,212 | -€38,254 | -75.8% |
| Operating profit (loss) | 9901 | €18,620 | -€24,139 | -€42,759 | |
| Financial income | 75/76B | €10,778 | €9,272 | -€1,506 | -14.0% |
| Recurring financial income | 75 | €10,778 | €9,272 | -€1,506 | -14.0% |
| Financial charges | 65/66B | €13,496 | €17,886 | +€4,389 | +32.5% |
| Recurring financial charges | 65 | €13,496 | €17,886 | +€4,389 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | €15,901 | -€32,753 | -€48,654 | |
| Income taxes | 67/77 | €15,434 | €483 | -€14,952 | -96.9% |
| Profit (loss) for the period | 9904 | €467 | -€33,236 | -€33,703 | |
| Profit (loss) for the period to be appropriated | 9905 | €467 | -€33,236 | -€33,703 |
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 20 October 2026 via checked.be.