BLACK LIGHT GOLF: 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 LIGHT GOLF
Largest movements
- Tangible fixed assets +€154,341
up €154,341 (+126%), from €122,864 to €277,205
of which Other tangible fixed assets: +€153,227
- Receivables within one year +€7,228
up €7,228 (+5.5%), from €130,582 to €137,809
of which Trade receivables: +€10,907
- Debts after one year +€196,332
up €196,332 (+1,210%), from €16,231 to €212,563
- Other debts -€51,963
down €51,963 (-98.0%), from €53,034 to €1,071
- Current portion of long-term debt +€30,143
up €30,143 (+139%), from €21,746 to €51,888
- Profit (loss) carried forward -€17,175
down €17,175 (-12.3%), from €140,039 to €122,864
- Tax, wage and social debts -€6,798
down €6,798 (-33.7%), from €20,199 to €13,401
of which Remuneration and social security: -€8,276
- Gross operating margin -€204,335
down €204,335 (-49.1%), from €416,179 to €211,844
- Staff costs -€64,880
down €64,880 (-31.0%), from €209,625 to €144,744
- Other operating charges -€34,211
down €34,211 (-59.9%), from €57,083 to €22,872
- Taxes -€28,223
down €28,223 (-96.2%), from €29,327 to €1,105
- Depreciation +€9,351
up €9,351 (+24.9%), from €37,535 to €46,886
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 | €412,240 | €564,352 | +€152,113 | +36.9% |
| Fixed assets | 21/28 | €129,011 | €282,198 | +€153,187 | +119% |
| Intangible fixed assets | 21 | €5,189 | €4,994 | -€195 | -3.8% |
| Tangible fixed assets | 22/27 | €122,864 | €277,205 | +€154,341 | +126% |
| Plant, machinery and equipment | 23 | €41,066 | €38,786 | -€2,280 | -5.6% |
| Furniture and vehicles | 24 | €4,001 | €7,395 | +€3,394 | +84.8% |
| Other tangible fixed assets | 26 | €77,797 | €231,024 | +€153,227 | +197% |
| Financial fixed assets | 28 | €959 | - | -€959 | |
| Current assets | 29/58 | €283,229 | €282,154 | -€1,075 | -0.4% |
| Stocks and contracts in progress | 3 | €6,762 | €4,209 | -€2,553 | -37.8% |
| Stocks | 30/36 | €6,762 | €4,209 | -€2,553 | -37.8% |
| Amounts receivable within one year | 40/41 | €130,582 | €137,809 | +€7,228 | +5.5% |
| Trade receivables | 40 | €39,909 | €50,816 | +€10,907 | +27.3% |
| Other amounts receivable | 41 | €90,673 | €86,994 | -€3,679 | -4.1% |
| Cash at bank and in hand | 54/58 | €132,418 | €128,598 | -€3,820 | -2.9% |
| Deferred charges and accrued income | 490/1 | €13,467 | €11,538 | -€1,930 | -14.3% |
| Total equity and liabilities | 10/49 | €412,240 | €564,352 | +€152,113 | +36.9% |
| Equity | 10/15 | €226,382 | €209,207 | -€17,175 | -7.6% |
| Contributions | 10/11 | €35,001 | €35,001 | = | 0.0% |
| Reserves | 13 | €51,342 | €51,342 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €47,842 | €47,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,039 | €122,864 | -€17,175 | -12.3% |
| Amounts payable | 17/49 | €185,858 | €355,145 | +€169,288 | +91.1% |
| Amounts payable after more than one year | 17 | €16,231 | €212,563 | +€196,332 | +1,210% |
| Financial debts | 170/4 | €16,231 | €212,563 | +€196,332 | +1,210% |
| Amounts payable within one year | 42/48 | €169,378 | €141,755 | -€27,623 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €21,746 | €51,888 | +€30,143 | +139% |
| Financial debts | 43 | €9,152 | €9,102 | -€50 | -0.6% |
| Credit institutions | 430/8 | €9,152 | €9,102 | -€50 | -0.6% |
| Trade debts | 44 | €63,497 | €66,294 | +€2,796 | +4.4% |
| Suppliers | 440/4 | €63,497 | €66,294 | +€2,796 | +4.4% |
| Advances received on contracts in progress | 46 | €1,750 | - | -€1,750 | |
| Taxes, remuneration and social security | 45 | €20,199 | €13,401 | -€6,798 | -33.7% |
| Taxes | 450/3 | €276 | €1,754 | +€1,478 | +535% |
| Remuneration and social security | 454/9 | €19,923 | €11,648 | -€8,276 | -41.5% |
| Other amounts payable | 47/48 | €53,034 | €1,071 | -€51,963 | -98.0% |
| Accrued charges and deferred income | 492/3 | €248 | €827 | +€578 | +233% |
| Remuneration, social security and pensions | 62 | €209,625 | €144,744 | -€64,880 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,535 | €46,886 | +€9,351 | +24.9% |
| Other operating charges | 640/8 | €57,083 | €22,872 | -€34,211 | -59.9% |
| Gross operating margin | 9900 | €416,179 | €211,844 | -€204,335 | -49.1% |
| Operating profit (loss) | 9901 | €111,936 | -€2,658 | -€114,594 | |
| Financial income | 75/76B | €313 | €1,162 | +€850 | +272% |
| Recurring financial income | 75 | €313 | €1,162 | +€850 | +272% |
| Financial charges | 65/66B | €9,291 | €14,575 | +€5,285 | +56.9% |
| Recurring financial charges | 65 | €9,291 | €14,575 | +€5,285 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €102,958 | -€16,071 | -€119,029 | |
| Income taxes | 67/77 | €29,327 | €1,105 | -€28,223 | -96.2% |
| Profit (loss) for the period | 9904 | €73,631 | -€17,175 | -€90,806 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,631 | -€17,175 | -€90,806 |
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 23 October 2026 via checked.be.