BLACK MAPLE: 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 MAPLE
Largest movements
- Cash +€74,683
up €74,683 (+294.7%), from €25,341 to €100,024
mainly Other debts (+€123,851) and Investment in fixed assets (net) (+€42,728)
- Tangible fixed assets -€44,812
down €44,812 (-94.6%), from €47,382 to €2,570
of which Furniture and vehicles: -€45,806
- Receivables within one year -€28,679
down €28,679 (-57.2%), from €50,142 to €21,464
of which Other amounts receivable: -€24,649
- Receivables after one year -€6,000
no longer reported in 2025 (was €6,000)
- Deferred charges and accrued income +€5,429
up €5,429 (+152.2%), from €3,567 to €8,997
- Other debts +€123,851
up €123,851 (+14418.0%), from €859 to €124,710
- Reserves -€81,940
no longer reported in 2025 (was €81,940)
- Debts after one year -€26,784
no longer reported in 2025 (was €26,784)
- Current portion of long-term debt -€13,421
no longer reported in 2025 (was €13,421)
- Tax, wage and social debts -€3,710
down €3,710 (-96.1%), from €3,861 to €150
- Depreciation -€13,567
down €13,567 (-86.7%), from €15,651 to €2,084
- Other operating charges +€11,861
up €11,861 (+2038.2%), from €582 to €12,443
- Gross operating margin -€4,688
down €4,688 (-7.0%), from €67,023 to €62,335
- Financial charges -€803
down €803 (-19.3%), from €4,156 to €3,353
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 | €132,433 | €133,055 | +€622 | +0.5% |
| Fixed assets | 21/28 | €47,382 | €2,570 | -€44,812 | -94.6% |
| Tangible fixed assets | 22/27 | €47,382 | €2,570 | -€44,812 | -94.6% |
| Plant, machinery and equipment | 23 | €65 | €1,059 | +€994 | +1518.7% |
| Furniture and vehicles | 24 | €47,316 | €1,511 | -€45,806 | -96.8% |
| Current assets | 29/58 | €85,051 | €130,484 | +€45,434 | +53.4% |
| Amounts receivable after more than one year | 29 | €6,000 | - | -€6,000 | |
| Other amounts receivable | 291 | €6,000 | - | -€6,000 | |
| Amounts receivable within one year | 40/41 | €50,142 | €21,464 | -€28,679 | -57.2% |
| Trade receivables | 40 | €18,755 | €14,725 | -€4,030 | -21.5% |
| Other amounts receivable | 41 | €31,387 | €6,739 | -€24,649 | -78.5% |
| Cash at bank and in hand | 54/58 | €25,341 | €100,024 | +€74,683 | +294.7% |
| Deferred charges and accrued income | 490/1 | €3,567 | €8,997 | +€5,429 | +152.2% |
| Total equity and liabilities | 10/49 | €132,433 | €133,055 | +€622 | +0.5% |
| Equity | 10/15 | €86,940 | €5,000 | -€81,940 | -94.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €81,940 | - | -€81,940 | |
| Distributable reserves | 133 | €81,940 | - | -€81,940 | |
| Amounts payable | 17/49 | €45,493 | €128,055 | +€82,562 | +181.5% |
| Amounts payable after more than one year | 17 | €26,784 | - | -€26,784 | |
| Financial debts | 170/4 | €26,784 | - | -€26,784 | |
| Amounts payable within one year | 42/48 | €18,709 | €128,055 | +€109,346 | +584.5% |
| Current portion of amounts payable after more than one year | 42 | €13,421 | - | -€13,421 | |
| Trade debts | 44 | €568 | €3,194 | +€2,626 | +462.4% |
| Suppliers | 440/4 | €568 | €3,194 | +€2,626 | +462.4% |
| Taxes, remuneration and social security | 45 | €3,861 | €150 | -€3,710 | -96.1% |
| Taxes | 450/3 | €3,861 | €150 | -€3,710 | -96.1% |
| Other amounts payable | 47/48 | €859 | €124,710 | +€123,851 | +14418.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,651 | €2,084 | -€13,567 | -86.7% |
| Other operating charges | 640/8 | €582 | €12,443 | +€11,861 | +2038.2% |
| Gross operating margin | 9900 | €67,023 | €62,335 | -€4,688 | -7.0% |
| Operating profit (loss) | 9901 | €50,790 | €47,808 | -€2,981 | -5.9% |
| Financial income | 75/76B | €195 | - | -€195 | |
| Recurring financial income | 75 | €195 | - | -€195 | |
| Financial charges | 65/66B | €4,156 | €3,353 | -€803 | -19.3% |
| Recurring financial charges | 65 | €4,156 | €3,353 | -€803 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €46,829 | €44,455 | -€2,373 | -5.1% |
| Income taxes | 67/77 | €10,555 | €10,036 | -€519 | -4.9% |
| Profit (loss) for the period | 9904 | €36,273 | €34,419 | -€1,854 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,273 | €34,419 | -€1,854 | -5.1% |
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 4 October 2026 via checked.be.