BLACK LODGE: 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 LODGE
Largest movements
- Receivables within one year +€36,697
up €36,697 (+663%), from €5,531 to €42,228
of which Other amounts receivable: +€38,271
- Cash -€3,712
down €3,712 (-4.4%), from €85,129 to €81,417
mainly Receivables within one year (-€36,697) and Investment in fixed assets (net) (-€12,432)
- Tangible fixed assets +€2,414
up €2,414 (+22.0%), from €10,984 to €13,398
of which Furniture and vehicles: +€6,028
- Profit (loss) carried forward +€34,829
up €34,829 (+44.7%), from €77,883 to €112,712
- Tax, wage and social debts +€6,447
up €6,447 (+2,364%), from €273 to €6,720
- Trade debts -€3,536
down €3,536 (-41.4%), from €8,533 to €4,997
- Debts after one year -€2,400
no longer reported in 2025 (was €2,400)
- Gross operating margin +€59,878
up €59,878 (+2,167%), from €2,763 to €62,642
- Taxes +€16,698
up €16,698 (+6,122%), from €273 to €16,971
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 | €101,644 | €137,043 | +€35,399 | +34.8% |
| Fixed assets | 21/28 | €10,984 | €13,398 | +€2,414 | +22.0% |
| Tangible fixed assets | 22/27 | €10,984 | €13,398 | +€2,414 | +22.0% |
| Furniture and vehicles | 24 | €7,370 | €13,398 | +€6,028 | +81.8% |
| Leasing and similar rights | 25 | €3,614 | - | -€3,614 | |
| Current assets | 29/58 | €90,660 | €123,645 | +€32,985 | +36.4% |
| Amounts receivable within one year | 40/41 | €5,531 | €42,228 | +€36,697 | +663% |
| Trade receivables | 40 | €1,574 | - | -€1,574 | |
| Other amounts receivable | 41 | €3,957 | €42,228 | +€38,271 | +967% |
| Cash at bank and in hand | 54/58 | €85,129 | €81,417 | -€3,712 | -4.4% |
| Total equity and liabilities | 10/49 | €101,644 | €137,043 | +€35,399 | +34.8% |
| Equity | 10/15 | €85,943 | €120,772 | +€34,829 | +40.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,883 | €112,712 | +€34,829 | +44.7% |
| Amounts payable | 17/49 | €15,701 | €16,271 | +€569 | +3.6% |
| Amounts payable after more than one year | 17 | €2,400 | - | -€2,400 | |
| Financial debts | 170/4 | €2,400 | - | -€2,400 | |
| Amounts payable within one year | 42/48 | €13,302 | €16,271 | +€2,969 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €3,368 | €4,554 | +€1,186 | +35.2% |
| Trade debts | 44 | €8,533 | €4,997 | -€3,536 | -41.4% |
| Suppliers | 440/4 | €8,533 | €4,997 | -€3,536 | -41.4% |
| Taxes, remuneration and social security | 45 | €273 | €6,720 | +€6,447 | +2,364% |
| Taxes | 450/3 | €273 | €6,720 | +€6,447 | +2,364% |
| Other amounts payable | 47/48 | €1,128 | - | -€1,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,468 | €10,018 | -€450 | -4.3% |
| Other operating charges | 640/8 | €726 | €747 | +€20 | +2.8% |
| Gross operating margin | 9900 | €2,763 | €62,642 | +€59,878 | +2,167% |
| Operating profit (loss) | 9901 | -€8,431 | €51,877 | +€60,308 | |
| Financial income | 75/76B | €409 | €315 | -€94 | -22.9% |
| Recurring financial income | 75 | €409 | €315 | -€94 | -22.9% |
| Financial charges | 65/66B | €551 | €392 | -€159 | -28.9% |
| Recurring financial charges | 65 | €551 | €392 | -€159 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,573 | €51,800 | +€60,373 | |
| Income taxes | 67/77 | €273 | €16,971 | +€16,698 | +6,122% |
| Profit (loss) for the period | 9904 | -€8,846 | €34,829 | +€43,675 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,846 | €34,829 | +€43,675 |
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 13 October 2026 via checked.be.