BLACK TURTLE: what changed
Two fiscal 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 TURTLE
Largest movements
- Receivables within one year +€90,709
up €90,709 (+282.0%), from €32,163 to €122,872
of which Other amounts receivable: +€118,167
- Current investments -€29,858
down €29,858 (-100.0%), from €29,858 to €0
- Cash -€24,842
down €24,842 (-77.6%), from €31,995 to €7,153
mainly Receivables within one year (-€90,709) and Trade debts (-€6,896)
- Deferred charges and accrued income +€3,805
up €3,805 (+61.9%), from €6,151 to €9,957
- Profit (loss) carried forward +€38,440
up €38,440 (+47.8%), from €80,446 to €118,886
- Other debts +€10,063
up €10,063 (+132.8%), from €7,575 to €17,638
- Trade debts -€6,896
down €6,896 (-53.7%), from €12,853 to €5,958
- Tax, wage and social debts -€2,830
down €2,830 (-36.1%), from €7,838 to €5,008
of which Taxes: -€2,830
- Staff costs -€50,338
down €50,338 (-100.0%), from €50,338 to €0
- Gross operating margin +€28,362
up €28,362 (+79.6%), from €35,645 to €64,008
- Financial charges -€2,892
down €2,892 (-12.7%), from €22,836 to €19,944
- Taxes +€2,457
up €2,457 (+357.4%), from €688 to €3,145
- Financial income -€1,275
down €1,275 (-75.3%), from €1,693 to €418
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,773 | €155,550 | +€38,777 | +33.2% |
| Fixed assets | 21/28 | €16,605 | €15,568 | -€1,037 | -6.2% |
| Tangible fixed assets | 22/27 | €16,605 | €15,568 | -€1,037 | -6.2% |
| Plant, machinery and equipment | 23 | €16,139 | €15,302 | -€838 | -5.2% |
| Furniture and vehicles | 24 | €466 | €266 | -€200 | -42.8% |
| Current assets | 29/58 | €100,167 | €139,982 | +€39,815 | +39.7% |
| Amounts receivable within one year | 40/41 | €32,163 | €122,872 | +€90,709 | +282.0% |
| Trade receivables | 40 | €27,458 | €0 | -€27,458 | -100.0% |
| Other amounts receivable | 41 | €4,705 | €122,872 | +€118,167 | +2511.5% |
| Current investments | 50/53 | €29,858 | €0 | -€29,858 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,995 | €7,153 | -€24,842 | -77.6% |
| Deferred charges and accrued income | 490/1 | €6,151 | €9,957 | +€3,805 | +61.9% |
| Total equity and liabilities | 10/49 | €116,773 | €155,550 | +€38,777 | +33.2% |
| Equity | 10/15 | €88,506 | €126,946 | +€38,440 | +43.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,446 | €118,886 | +€38,440 | +47.8% |
| Amounts payable | 17/49 | €28,267 | €28,604 | +€337 | +1.2% |
| Amounts payable within one year | 42/48 | €28,267 | €28,604 | +€337 | +1.2% |
| Trade debts | 44 | €12,853 | €5,958 | -€6,896 | -53.7% |
| Suppliers | 440/4 | €12,853 | €5,958 | -€6,896 | -53.7% |
| Taxes, remuneration and social security | 45 | €7,838 | €5,008 | -€2,830 | -36.1% |
| Taxes | 450/3 | €7,838 | €5,008 | -€2,830 | -36.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,575 | €17,638 | +€10,063 | +132.8% |
| Remuneration, social security and pensions | 62 | €50,338 | €0 | -€50,338 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,123 | €2,222 | +€99 | +4.7% |
| Other operating charges | 640/8 | €721 | €674 | -€47 | -6.5% |
| Gross operating margin | 9900 | €35,645 | €64,008 | +€28,362 | +79.6% |
| Operating profit (loss) | 9901 | -€17,537 | €61,111 | +€78,648 | |
| Financial income | 75/76B | €1,693 | €418 | -€1,275 | -75.3% |
| Recurring financial income | 75 | €1,693 | €418 | -€1,275 | -75.3% |
| Financial charges | 65/66B | €22,836 | €19,944 | -€2,892 | -12.7% |
| Recurring financial charges | 65 | €22,836 | €19,944 | -€2,892 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€38,680 | €41,585 | +€80,265 | |
| Income taxes | 67/77 | €688 | €3,145 | +€2,457 | +357.4% |
| Profit (loss) for the period | 9904 | -€39,367 | €38,440 | +€77,808 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,367 | €38,440 | +€77,808 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.