BLACK LAB PROD: 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 LAB PROD
Largest movements
- Cash +€53,527
up €53,527 (+66.3%), from €80,758 to €134,285
mainly Net result for the year (+€28,860) and Tax, wage and social debts (+€13,264)
- Receivables within one year -€10,212
down €10,212 (-47.1%), from €21,699 to €11,486
of which Trade receivables: -€10,140
- Reserves +€28,001
up €28,001 (+37.9%), from €73,896 to €101,897
- Tax, wage and social debts +€13,264
up €13,264 (+69.3%), from €19,129 to €32,393
of which Taxes: +€11,076
- Other debts +€2,502
up €2,502 (+29.4%), from €8,508 to €11,010
- Gross operating margin -€54,883
down €54,883 (-56.2%), from €97,634 to €42,750
- Taxes -€8,053
down €8,053 (-42.1%), from €19,129 to €11,076
- Depreciation -€1,029
down €1,029 (-34.7%), from €2,961 to €1,932
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 | €106,092 | €150,539 | +€44,447 | +41.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,635 | €4,768 | +€1,133 | +31.2% |
| Tangible fixed assets | 22/27 | €3,635 | €4,768 | +€1,133 | +31.2% |
| Furniture and vehicles | 24 | €3,635 | €4,768 | +€1,133 | +31.2% |
| Current assets | 29/58 | €102,457 | €145,771 | +€43,314 | +42.3% |
| Amounts receivable within one year | 40/41 | €21,699 | €11,486 | -€10,212 | -47.1% |
| Trade receivables | 40 | €20,880 | €10,740 | -€10,140 | -48.6% |
| Other amounts receivable | 41 | €819 | €746 | -€72 | -8.8% |
| Cash at bank and in hand | 54/58 | €80,758 | €134,285 | +€53,527 | +66.3% |
| Total equity and liabilities | 10/49 | €106,092 | €150,539 | +€44,447 | +41.9% |
| Equity | 10/15 | €77,396 | €105,397 | +€28,001 | +36.2% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €73,896 | €101,897 | +€28,001 | +37.9% |
| Distributable reserves | 133 | €73,896 | €101,897 | +€28,001 | +37.9% |
| Amounts payable | 17/49 | €28,696 | €45,142 | +€16,447 | +57.3% |
| Amounts payable within one year | 42/48 | €27,886 | €44,842 | +€16,957 | +60.8% |
| Trade debts | 44 | €248 | €1,439 | +€1,191 | +479% |
| Suppliers | 440/4 | €248 | €1,439 | +€1,191 | +479% |
| Taxes, remuneration and social security | 45 | €19,129 | €32,393 | +€13,264 | +69.3% |
| Taxes | 450/3 | €19,129 | €30,205 | +€11,076 | +57.9% |
| Remuneration and social security | 454/9 | - | €2,188 | +€2,188 | |
| Other amounts payable | 47/48 | €8,508 | €11,010 | +€2,502 | +29.4% |
| Accrued charges and deferred income | 492/3 | €810 | €300 | -€510 | -63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,961 | €1,932 | -€1,029 | -34.7% |
| Other operating charges | 640/8 | €781 | €761 | -€20 | -2.6% |
| Gross operating margin | 9900 | €97,634 | €42,750 | -€54,883 | -56.2% |
| Operating profit (loss) | 9901 | €93,892 | €40,058 | -€53,835 | -57.3% |
| Financial charges | 65/66B | €34 | €121 | +€88 | +258% |
| Recurring financial charges | 65 | €34 | €121 | +€88 | +258% |
| Profit (loss) for the period before taxes | 9903 | €93,858 | €39,936 | -€53,922 | -57.5% |
| Income taxes | 67/77 | €19,129 | €11,076 | -€8,053 | -42.1% |
| Profit (loss) for the period | 9904 | €74,729 | €28,860 | -€45,869 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,729 | €28,860 | -€45,869 | -61.4% |
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 26 October 2026 via checked.be.