BLACK ROCK CONSTRUCTION: what changed
BLACK ROCK CONSTRUCTION
Largest movements
- Receivables within one year +€54,699
up €54,699 (+139%), from €39,441 to €94,139
of which Trade receivables: +€44,175
- Tangible fixed assets +€20,428
new in 2025: €20,428
of which Furniture and vehicles: +€17,024
- Cash +€13,823
up €13,823 (+277%), from €4,984 to €18,807
mainly Debts after one year (+€40,000) and Trade debts (+€39,034)
- Debts after one year +€40,000
new in 2025: €40,000
- Trade debts +€39,034
up €39,034 (+119%), from €32,888 to €71,922
- Profit (loss) carried forward +€11,476
up €11,476 (+203%), from €5,663 to €17,139
- Other debts -€1,794
no longer reported in 2025 (was €1,794)
- Gross operating margin +€13,359
up €13,359 (+182%), from €7,360 to €20,718
- Depreciation +€5,175
new in 2025: €5,175
- Taxes +€1,598
up €1,598 (+112%), from €1,431 to €3,029
- Other operating charges +€528
up €528 (+837%), from €63 to €591
- Financial charges +€336
up €336 (+164%), from €205 to €540
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 | €44,425 | €133,389 | +€88,965 | +200% |
| Fixed assets | 21/28 | - | €20,428 | +€20,428 | |
| Tangible fixed assets | 22/27 | - | €20,428 | +€20,428 | |
| Plant, machinery and equipment | 23 | - | €3,404 | +€3,404 | |
| Furniture and vehicles | 24 | - | €17,024 | +€17,024 | |
| Current assets | 29/58 | €44,425 | €112,962 | +€68,537 | +154% |
| Amounts receivable within one year | 40/41 | €39,441 | €94,139 | +€54,699 | +139% |
| Trade receivables | 40 | €38,441 | €82,616 | +€44,175 | +115% |
| Other amounts receivable | 41 | €1,000 | €11,524 | +€10,524 | +1,052% |
| Cash at bank and in hand | 54/58 | €4,984 | €18,807 | +€13,823 | +277% |
| Deferred charges and accrued income | 490/1 | - | €16 | +€16 | |
| Total equity and liabilities | 10/49 | €44,425 | €133,389 | +€88,965 | +200% |
| Equity | 10/15 | €6,663 | €18,139 | +€11,476 | +172% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,663 | €17,139 | +€11,476 | +203% |
| Amounts payable | 17/49 | €37,762 | €115,251 | +€77,489 | +205% |
| Amounts payable after more than one year | 17 | - | €40,000 | +€40,000 | |
| Financial debts | 170/4 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €37,762 | €75,251 | +€37,489 | +99.3% |
| Trade debts | 44 | €32,888 | €71,922 | +€39,034 | +119% |
| Suppliers | 440/4 | €32,888 | €71,922 | +€39,034 | +119% |
| Taxes, remuneration and social security | 45 | €3,080 | €3,329 | +€249 | +8.1% |
| Taxes | 450/3 | €3,080 | €3,329 | +€249 | +8.1% |
| Other amounts payable | 47/48 | €1,794 | - | -€1,794 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,175 | +€5,175 | |
| Other operating charges | 640/8 | €63 | €591 | +€528 | +837% |
| Gross operating margin | 9900 | €7,360 | €20,718 | +€13,359 | +182% |
| Operating profit (loss) | 9901 | €7,297 | €14,953 | +€7,656 | +105% |
| Financial income | 75/76B | €2 | €93 | +€91 | +4,538% |
| Recurring financial income | 75 | €2 | €93 | +€91 | +4,538% |
| Financial charges | 65/66B | €205 | €540 | +€336 | +164% |
| Recurring financial charges | 65 | €205 | €540 | +€336 | +164% |
| Profit (loss) for the period before taxes | 9903 | €7,094 | €14,505 | +€7,411 | +104% |
| Income taxes | 67/77 | €1,431 | €3,029 | +€1,598 | +112% |
| Profit (loss) for the period | 9904 | €5,663 | €11,476 | +€5,813 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €5,663 | €11,476 | +€5,813 | +103% |
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 2 November 2026 via checked.be.