BLACK SANDALS: 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 SANDALS
Largest movements
- Receivables within one year +€10,979
up €10,979 (+146%), from €7,517 to €18,496
of which Trade receivables: +€10,626
- Cash -€6,252
down €6,252 (-70.6%), from €8,854 to €2,602
mainly Net result for the year (-€25,976) and Receivables within one year (-€10,979)
- Tangible fixed assets -€1,926
down €1,926 (-59.0%), from €3,267 to €1,341
- Profit (loss) carried forward -€25,976
down €25,976, from €3,750 to -€22,226
- Other debts +€15,928
up €15,928 (+317%), from €5,023 to €20,951
- Tax, wage and social debts +€13,247
new in 2025: €13,247
of which Remuneration and social security: +€12,851
- Trade debts -€514
down €514 (-50.8%), from €1,012 to €498
- Gross operating margin -€18,075
down €18,075 (-517%), from -€3,499 to -€21,574
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 | €19,785 | €22,638 | +€2,853 | +14.4% |
| Fixed assets | 21/28 | €3,267 | €1,341 | -€1,926 | -59.0% |
| Tangible fixed assets | 22/27 | €3,267 | €1,341 | -€1,926 | -59.0% |
| Furniture and vehicles | 24 | €3,267 | €1,341 | -€1,926 | -59.0% |
| Current assets | 29/58 | €16,518 | €21,297 | +€4,779 | +28.9% |
| Amounts receivable within one year | 40/41 | €7,517 | €18,496 | +€10,979 | +146% |
| Trade receivables | 40 | €6,398 | €17,024 | +€10,626 | +166% |
| Other amounts receivable | 41 | €1,119 | €1,472 | +€353 | +31.5% |
| Cash at bank and in hand | 54/58 | €8,854 | €2,602 | -€6,252 | -70.6% |
| Deferred charges and accrued income | 490/1 | €147 | €199 | +€52 | +35.4% |
| Total equity and liabilities | 10/49 | €19,785 | €22,638 | +€2,853 | +14.4% |
| Equity | 10/15 | €13,750 | -€12,226 | -€25,976 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,750 | -€22,226 | -€25,976 | |
| Amounts payable | 17/49 | €6,035 | €34,864 | +€28,829 | +478% |
| Amounts payable within one year | 42/48 | €6,035 | €34,696 | +€28,661 | +475% |
| Trade debts | 44 | €1,012 | €498 | -€514 | -50.8% |
| Suppliers | 440/4 | €1,012 | €498 | -€514 | -50.8% |
| Taxes, remuneration and social security | 45 | - | €13,247 | +€13,247 | |
| Taxes | 450/3 | - | €396 | +€396 | |
| Remuneration and social security | 454/9 | - | €12,851 | +€12,851 | |
| Other amounts payable | 47/48 | €5,023 | €20,951 | +€15,928 | +317% |
| Accrued charges and deferred income | 492/3 | - | €168 | +€168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,842 | €2,825 | -€17 | -0.6% |
| Other operating charges | 640/8 | €1,142 | €1,047 | -€95 | -8.3% |
| Gross operating margin | 9900 | -€3,499 | -€21,574 | -€18,075 | -517% |
| Operating profit (loss) | 9901 | -€7,483 | -€25,446 | -€17,963 | -240% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €117 | €137 | +€20 | +17.1% |
| Recurring financial charges | 65 | €117 | €137 | +€20 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,600 | -€25,580 | -€17,980 | -237% |
| Income taxes | 67/77 | €283 | €396 | +€113 | +39.9% |
| Profit (loss) for the period | 9904 | -€7,883 | -€25,976 | -€18,093 | -230% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,883 | -€25,976 | -€18,093 | -230% |
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 18 October 2026 via checked.be.