BLACK PEARL DESIGN: what changed
BLACK PEARL DESIGN
Largest movements
- Cash -€17,794
down €17,794 (-39.5%), from €45,008 to €27,214
mainly Debts after one year (-€41,029) and Trade debts (-€37,689)
- Tangible fixed assets -€17,576
down €17,576 (-3.2%), from €541,402 to €523,826
of which Land and buildings: -€16,667
- Receivables within one year -€14,236
down €14,236 (-17.7%), from €80,491 to €66,256
of which Trade receivables: -€11,497
- Debts after one year -€41,029
down €41,029 (-15.6%), from €263,097 to €222,068
- Trade debts -€37,689
no longer reported in 2025 (was €37,689)
- Reserves +€29,868
up €29,868 (+16.4%), from €182,262 to €212,130
of which Distributable reserves: +€29,868
- Current portion of long-term debt -€11,211
down €11,211 (-24.2%), from €46,329 to €35,118
- Taxes -€11,054
down €11,054 (-95.6%), from €11,563 to €509
- Depreciation -€1,683
down €1,683 (-8.4%), from €20,049 to €18,366
- Other operating charges -€847
down €847 (-8.6%), from €9,879 to €9,033
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €666,901 | €617,296 | -€49,605 | -7.4% |
| Fixed assets | 21/28 | €541,402 | €523,826 | -€17,576 | -3.2% |
| Tangible fixed assets | 22/27 | €541,402 | €523,826 | -€17,576 | -3.2% |
| Land and buildings | 22 | €538,335 | €521,668 | -€16,667 | -3.1% |
| Plant, machinery and equipment | 23 | €1,267 | €848 | -€418 | -33.0% |
| Furniture and vehicles | 24 | €1,800 | €1,309 | -€491 | -27.3% |
| Current assets | 29/58 | €125,499 | €93,470 | -€32,029 | -25.5% |
| Amounts receivable within one year | 40/41 | €80,491 | €66,256 | -€14,236 | -17.7% |
| Trade receivables | 40 | €45,759 | €34,263 | -€11,497 | -25.1% |
| Other amounts receivable | 41 | €34,732 | €31,993 | -€2,739 | -7.9% |
| Cash at bank and in hand | 54/58 | €45,008 | €27,214 | -€17,794 | -39.5% |
| Total equity and liabilities | 10/49 | €666,901 | €617,296 | -€49,605 | -7.4% |
| Equity | 10/15 | €200,862 | €230,730 | +€29,868 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,262 | €212,130 | +€29,868 | +16.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €168,402 | €198,270 | +€29,868 | +17.7% |
| Amounts payable | 17/49 | €466,039 | €386,566 | -€79,473 | -17.1% |
| Amounts payable after more than one year | 17 | €263,097 | €222,068 | -€41,029 | -15.6% |
| Financial debts | 170/4 | €263,097 | €222,068 | -€41,029 | -15.6% |
| Amounts payable within one year | 42/48 | €202,943 | €164,498 | -€38,444 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €46,329 | €35,118 | -€11,211 | -24.2% |
| Financial debts | 43 | - | €5,073 | +€5,073 | |
| Credit institutions | 430/8 | - | €5,073 | +€5,073 | |
| Trade debts | 44 | €37,689 | - | -€37,689 | |
| Suppliers | 440/4 | €37,689 | - | -€37,689 | |
| Other amounts payable | 47/48 | €118,925 | €124,307 | +€5,382 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,049 | €18,366 | -€1,683 | -8.4% |
| Other operating charges | 640/8 | €9,879 | €9,033 | -€847 | -8.6% |
| Gross operating margin | 9900 | €62,931 | €63,126 | +€195 | +0.3% |
| Operating profit (loss) | 9901 | €33,003 | €35,728 | +€2,725 | +8.3% |
| Financial income | 75/76B | €13 | €1 | -€12 | -91.2% |
| Recurring financial income | 75 | €13 | €1 | -€12 | -91.2% |
| Financial charges | 65/66B | €5,819 | €5,352 | -€467 | -8.0% |
| Recurring financial charges | 65 | €5,819 | €5,352 | -€467 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €27,198 | €30,377 | +€3,180 | +11.7% |
| Income taxes | 67/77 | €11,563 | €509 | -€11,054 | -95.6% |
| Profit (loss) for the period | 9904 | €15,634 | €29,868 | +€14,234 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,634 | €29,868 | +€14,234 | +91.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.