BLACKANT ...: 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.
BLACKANT ...
Largest movements
- Receivables within one year -€45,452
down €45,452 (-63.0%), from €72,141 to €26,689
of which Trade receivables: -€40,181
- Cash -€9,978
down €9,978 (-35.5%), from €28,077 to €18,099
mainly Trade debts (-€34,217) and Contributions, distributions and other (-€28,575)
- Tangible fixed assets -€2,660
down €2,660 (-5.0%), from €52,817 to €50,157
of which Furniture and vehicles: -€5,263
- Deferred charges and accrued income +€2,177
up €2,177 (+3513.7%), from €62 to €2,239
- Trade debts -€34,217
down €34,217 (-89.0%), from €38,453 to €4,236
- Other debts -€7,000
no longer reported in 2025 (was €7,000)
- Profit (loss) carried forward -€6,177
down €6,177 (-9.4%), from €65,788 to €59,610
- Debts after one year -€4,910
down €4,910 (-27.9%), from €17,614 to €12,705
- Tax, wage and social debts -€3,800
down €3,800 (-19.9%), from €19,063 to €15,263
- Gross operating margin -€15,507
down €15,507 (-26.4%), from €58,710 to €43,203
- Depreciation +€4,099
up €4,099 (+39.8%), from €10,303 to €14,402
- Taxes -€3,822
down €3,822 (-37.0%), from €10,317 to €6,495
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.
Cash bridge derived
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 | €173,096 | €117,183 | -€55,913 | -32.3% |
| Fixed assets | 21/28 | €52,817 | €50,157 | -€2,660 | -5.0% |
| Tangible fixed assets | 22/27 | €52,817 | €50,157 | -€2,660 | -5.0% |
| Plant, machinery and equipment | 23 | €932 | €3,536 | +€2,604 | +279.3% |
| Furniture and vehicles | 24 | €51,884 | €46,621 | -€5,263 | -10.1% |
| Current assets | 29/58 | €120,280 | €67,027 | -€53,253 | -44.3% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €72,141 | €26,689 | -€45,452 | -63.0% |
| Trade receivables | 40 | €43,234 | €3,053 | -€40,181 | -92.9% |
| Other amounts receivable | 41 | €28,907 | €23,636 | -€5,271 | -18.2% |
| Cash at bank and in hand | 54/58 | €28,077 | €18,099 | -€9,978 | -35.5% |
| Deferred charges and accrued income | 490/1 | €62 | €2,239 | +€2,177 | +3513.7% |
| Total equity and liabilities | 10/49 | €173,096 | €117,183 | -€55,913 | -32.3% |
| Equity | 10/15 | €86,248 | €80,070 | -€6,177 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €65,788 | €59,610 | -€6,177 | -9.4% |
| Amounts payable | 17/49 | €86,849 | €37,113 | -€49,736 | -57.3% |
| Amounts payable after more than one year | 17 | €17,614 | €12,705 | -€4,910 | -27.9% |
| Financial debts | 170/4 | €17,614 | €12,705 | -€4,910 | -27.9% |
| Amounts payable within one year | 42/48 | €69,234 | €24,408 | -€44,826 | -64.7% |
| Current portion of amounts payable after more than one year | 42 | €4,719 | €4,910 | +€191 | +4.1% |
| Trade debts | 44 | €38,453 | €4,236 | -€34,217 | -89.0% |
| Suppliers | 440/4 | €38,453 | €4,236 | -€34,217 | -89.0% |
| Taxes, remuneration and social security | 45 | €19,063 | €15,263 | -€3,800 | -19.9% |
| Taxes | 450/3 | €19,063 | €15,263 | -€3,800 | -19.9% |
| Other amounts payable | 47/48 | €7,000 | - | -€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,303 | €14,402 | +€4,099 | +39.8% |
| Other operating charges | 640/8 | €200 | €127 | -€73 | -36.4% |
| Non-recurring operating charges | 66A | - | €91 | +€91 | |
| Gross operating margin | 9900 | €58,710 | €43,203 | -€15,507 | -26.4% |
| Operating profit (loss) | 9901 | €48,207 | €28,582 | -€19,624 | -40.7% |
| Financial income | 75/76B | €1,700 | €1,246 | -€454 | -26.7% |
| Recurring financial income | 75 | €1,700 | €1,246 | -€454 | -26.7% |
| Financial charges | 65/66B | €844 | €936 | +€92 | +10.9% |
| Recurring financial charges | 65 | €844 | €936 | +€92 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €49,063 | €28,893 | -€20,170 | -41.1% |
| Income taxes | 67/77 | €10,317 | €6,495 | -€3,822 | -37.0% |
| Profit (loss) for the period | 9904 | €38,746 | €22,398 | -€16,348 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,746 | €22,398 | -€16,348 | -42.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.