BLACK LAB: 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 LAB
Largest movements
- Cash +€20,514
up €20,514 (+209.3%), from €9,800 to €30,314
mainly Tax, wage and social debts (+€12,300) and Net result for the year (+€9,897)
- Tangible fixed assets +€7,941
up €7,941 (+70.8%), from €11,214 to €19,156
of which Furniture and vehicles: +€9,282
- Receivables within one year +€6,089
up €6,089 (+18.9%), from €32,172 to €38,262
- Deferred charges and accrued income -€951
no longer reported in 2025 (was €951)
- Tax, wage and social debts +€12,300
up €12,300 (+257.7%), from €4,772 to €17,073
- Profit (loss) carried forward +€9,897
new in 2025: €9,897
- Other debts +€6,255
up €6,255 (+745.0%), from €840 to €7,095
- Trade debts +€3,156
up €3,156 (+55.3%), from €5,706 to €8,862
- Current portion of long-term debt +€2,365
new in 2025: €2,365
- Gross operating margin +€15,882
up €15,882 (+233.8%), from €6,793 to €22,675
- Taxes +€5,531
up €5,531 (+13112.9%), from €42 to €5,573
- Depreciation +€2,063
up €2,063 (+70.5%), from €2,924 to €4,987
- Other operating charges -€420
down €420 (-26.8%), from €1,566 to €1,145
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 | €54,239 | €88,213 | +€33,973 | +62.6% |
| Fixed assets | 21/28 | €11,315 | €19,637 | +€8,321 | +73.5% |
| Intangible fixed assets | 21 | €20 | €10 | -€10 | -50.0% |
| Tangible fixed assets | 22/27 | €11,214 | €19,156 | +€7,941 | +70.8% |
| Plant, machinery and equipment | 23 | €1,612 | €721 | -€892 | -55.3% |
| Furniture and vehicles | 24 | €5,651 | €14,933 | +€9,282 | +164.3% |
| Other tangible fixed assets | 26 | €3,952 | €3,502 | -€449 | -11.4% |
| Financial fixed assets | 28 | €81 | €471 | +€390 | +480.4% |
| Current assets | 29/58 | €42,924 | €68,576 | +€25,652 | +59.8% |
| Amounts receivable within one year | 40/41 | €32,172 | €38,262 | +€6,089 | +18.9% |
| Trade receivables | 40 | €32,172 | €38,262 | +€6,089 | +18.9% |
| Cash at bank and in hand | 54/58 | €9,800 | €30,314 | +€20,514 | +209.3% |
| Deferred charges and accrued income | 490/1 | €951 | - | -€951 | |
| Total equity and liabilities | 10/49 | €54,239 | €88,213 | +€33,973 | +62.6% |
| Equity | 10/15 | €42,921 | €52,818 | +€9,897 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,321 | €24,321 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,461 | €22,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €9,897 | +€9,897 | |
| Amounts payable | 17/49 | €11,318 | €35,395 | +€24,077 | +212.7% |
| Amounts payable within one year | 42/48 | €11,318 | €35,395 | +€24,077 | +212.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,365 | +€2,365 | |
| Trade debts | 44 | €5,706 | €8,862 | +€3,156 | +55.3% |
| Suppliers | 440/4 | €5,706 | €8,862 | +€3,156 | +55.3% |
| Taxes, remuneration and social security | 45 | €4,772 | €17,073 | +€12,300 | +257.7% |
| Taxes | 450/3 | €4,772 | €17,073 | +€12,300 | +257.7% |
| Other amounts payable | 47/48 | €840 | €7,095 | +€6,255 | +745.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,924 | €4,987 | +€2,063 | +70.5% |
| Other operating charges | 640/8 | €1,566 | €1,145 | -€420 | -26.8% |
| Gross operating margin | 9900 | €6,793 | €22,675 | +€15,882 | +233.8% |
| Operating profit (loss) | 9901 | €2,303 | €16,542 | +€14,240 | +618.4% |
| Financial charges | 65/66B | €1,278 | €1,073 | -€206 | -16.1% |
| Recurring financial charges | 65 | €1,278 | €1,073 | -€206 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €1,024 | €15,470 | +€14,446 | +1410.4% |
| Income taxes | 67/77 | €42 | €5,573 | +€5,531 | +13112.9% |
| Profit (loss) for the period | 9904 | €982 | €9,897 | +€8,915 | +907.8% |
| Profit (loss) for the period to be appropriated | 9905 | €982 | €9,897 | +€8,915 | +907.8% |
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 30 September 2026 via checked.be.