BLACK MOON: 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 MOON
Largest movements
- Receivables within one year +€8,956
up €8,956 (+73.9%), from €12,123 to €21,078
of which Trade receivables: +€8,852
- Cash +€5,690
up €5,690 (+22.6%), from €25,135 to €30,825
mainly Net result for the year (+€12,150) and Tax, wage and social debts (+€2,045)
- Profit (loss) carried forward +€12,150
up €12,150 (+47.6%), from €25,548 to €37,698
- Tax, wage and social debts +€2,045
up €2,045 (+65.3%), from €3,131 to €5,176
- Gross operating margin +€14,066
up €14,066 (+831%), from €1,692 to €15,758
- Taxes +€2,592
up €2,592 (+689%), from €376 to €2,968
- Other operating charges -€1,274
down €1,274 (-76.1%), from €1,673 to €400
- Depreciation -€764
no longer reported in 2025 (was €764)
- Financial charges +€307
up €307 (+280%), from €110 to €417
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 | €37,497 | €52,143 | +€14,646 | +39.1% |
| Fixed assets | 21/28 | €240 | €240 | = | 0.0% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €37,257 | €51,903 | +€14,646 | +39.3% |
| Amounts receivable within one year | 40/41 | €12,123 | €21,078 | +€8,956 | +73.9% |
| Trade receivables | 40 | €726 | €9,578 | +€8,852 | +1,219% |
| Other amounts receivable | 41 | €11,397 | €11,501 | +€104 | +0.9% |
| Cash at bank and in hand | 54/58 | €25,135 | €30,825 | +€5,690 | +22.6% |
| Total equity and liabilities | 10/49 | €37,497 | €52,143 | +€14,646 | +39.1% |
| Equity | 10/15 | €33,608 | €45,758 | +€12,150 | +36.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €25,548 | €37,698 | +€12,150 | +47.6% |
| Amounts payable | 17/49 | €3,890 | €6,386 | +€2,496 | +64.2% |
| Amounts payable within one year | 42/48 | €3,890 | €6,386 | +€2,496 | +64.2% |
| Trade debts | 44 | €759 | €1,210 | +€451 | +59.5% |
| Suppliers | 440/4 | €759 | €1,210 | +€451 | +59.5% |
| Taxes, remuneration and social security | 45 | €3,131 | €5,176 | +€2,045 | +65.3% |
| Taxes | 450/3 | €3,131 | €5,176 | +€2,045 | +65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €764 | - | -€764 | |
| Other operating charges | 640/8 | €1,673 | €400 | -€1,274 | -76.1% |
| Gross operating margin | 9900 | €1,692 | €15,758 | +€14,066 | +831% |
| Operating profit (loss) | 9901 | -€745 | €15,358 | +€16,103 | |
| Financial income | 75/76B | - | €177 | +€177 | |
| Recurring financial income | 75 | - | €177 | +€177 | |
| Financial charges | 65/66B | €110 | €417 | +€307 | +280% |
| Recurring financial charges | 65 | €110 | €417 | +€307 | +280% |
| Profit (loss) for the period before taxes | 9903 | -€855 | €15,118 | +€15,973 | |
| Income taxes | 67/77 | €376 | €2,968 | +€2,592 | +689% |
| Profit (loss) for the period | 9904 | -€1,231 | €12,150 | +€13,380 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,231 | €12,150 | +€13,380 |
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 16 October 2026 via checked.be.