BLACK TOAST: 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 TOAST
Largest movements
- Cash +€36,228
up €36,228 (+55.3%), from €65,498 to €101,726
mainly Net result for the year (+€19,126) and Accrued charges and deferred income (+€18,500)
- Receivables within one year -€7,818
down €7,818 (-37.7%), from €20,732 to €12,914
- Tangible fixed assets +€5,612
up €5,612 (+42.2%), from €13,289 to €18,901
of which Land and buildings: +€5,638
- Profit (loss) carried forward +€19,126
up €19,126 (+3,367%), from €568 to €19,694
- Accrued charges and deferred income +€18,500
up €18,500 (+58.7%), from €31,500 to €50,000
- Tax, wage and social debts -€2,762
down €2,762 (-17.8%), from €15,544 to €12,782
- Other debts -€1,631
down €1,631 (-23.8%), from €6,850 to €5,219
- Financial charges -€2,910
down €2,910 (-93.3%), from €3,119 to €209
- Depreciation +€2,537
up €2,537 (+82.6%), from €3,072 to €5,609
- Taxes +€1,899
up €1,899 (+26.6%), from €7,147 to €9,046
- Gross operating margin -€1,724
down €1,724 (-4.2%), from €41,366 to €39,642
- Other operating charges +€1,110
up €1,110 (+23.0%), from €4,834 to €5,944
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 | €99,519 | €133,704 | +€34,185 | +34.4% |
| Fixed assets | 21/28 | €13,289 | €18,901 | +€5,612 | +42.2% |
| Tangible fixed assets | 22/27 | €13,289 | €18,901 | +€5,612 | +42.2% |
| Land and buildings | 22 | - | €5,638 | +€5,638 | |
| Furniture and vehicles | 24 | €11,362 | €11,752 | +€390 | +3.4% |
| Other tangible fixed assets | 26 | €1,927 | €1,511 | -€416 | -21.6% |
| Current assets | 29/58 | €86,230 | €114,803 | +€28,573 | +33.1% |
| Amounts receivable within one year | 40/41 | €20,732 | €12,914 | -€7,818 | -37.7% |
| Trade receivables | 40 | €20,732 | €12,914 | -€7,818 | -37.7% |
| Cash at bank and in hand | 54/58 | €65,498 | €101,726 | +€36,228 | +55.3% |
| Deferred charges and accrued income | 490/1 | - | €163 | +€163 | |
| Total equity and liabilities | 10/49 | €99,519 | €133,704 | +€34,185 | +34.4% |
| Equity | 10/15 | €44,388 | €63,513 | +€19,126 | +43.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,220 | €25,220 | = | 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% |
| Tax-exempt reserves | 132 | €23,360 | €23,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €568 | €19,694 | +€19,126 | +3,367% |
| Amounts payable | 17/49 | €55,131 | €70,191 | +€15,059 | +27.3% |
| Amounts payable within one year | 42/48 | €23,631 | €20,191 | -€3,441 | -14.6% |
| Trade debts | 44 | €1,237 | €2,189 | +€952 | +76.9% |
| Suppliers | 440/4 | €1,237 | €2,189 | +€952 | +76.9% |
| Taxes, remuneration and social security | 45 | €15,544 | €12,782 | -€2,762 | -17.8% |
| Taxes | 450/3 | €15,544 | €12,782 | -€2,762 | -17.8% |
| Other amounts payable | 47/48 | €6,850 | €5,219 | -€1,631 | -23.8% |
| Accrued charges and deferred income | 492/3 | €31,500 | €50,000 | +€18,500 | +58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,072 | €5,609 | +€2,537 | +82.6% |
| Other operating charges | 640/8 | €4,834 | €5,944 | +€1,110 | +23.0% |
| Gross operating margin | 9900 | €41,366 | €39,642 | -€1,724 | -4.2% |
| Operating profit (loss) | 9901 | €33,459 | €28,089 | -€5,371 | -16.1% |
| Financial income | 75/76B | €167 | €293 | +€126 | +75.7% |
| Recurring financial income | 75 | €167 | €293 | +€126 | +75.7% |
| Financial charges | 65/66B | €3,119 | €209 | -€2,910 | -93.3% |
| Recurring financial charges | 65 | €3,119 | €209 | -€2,910 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | €30,507 | €28,172 | -€2,334 | -7.7% |
| Income taxes | 67/77 | €7,147 | €9,046 | +€1,899 | +26.6% |
| Profit (loss) for the period | 9904 | €23,360 | €19,126 | -€4,234 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,360 | €19,126 | -€4,234 | -18.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.