BLACKBEE: 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.
BLACKBEE
Largest movements
- Receivables within one year +€21,954
up €21,954 (+46.2%), from €47,535 to €69,489
- Tangible fixed assets -€19,069
down €19,069 (-21.3%), from €89,461 to €70,392
of which Leasing and similar rights: -€10,271
- Cash -€11,183
down €11,183 (-94.0%), from €11,891 to €708
mainly Receivables within one year (-€21,954) and Debts after one year (-€17,286)
- Deferred charges and accrued income +€1,746
new in 2025: €1,746
- Debts after one year -€17,286
down €17,286 (-40.3%), from €42,875 to €25,589
- Tax, wage and social debts +€11,655
up €11,655 (+158.5%), from €7,354 to €19,009
of which Taxes: +€7,752
- Other debts +€1,726
up €1,726 (+4.6%), from €37,382 to €39,108
- Staff costs +€46,182
up €46,182 (+74.7%), from €61,854 to €108,036
- Gross operating margin +€42,909
up €42,909 (+47.6%), from €90,215 to €133,124
- Depreciation +€4,180
up €4,180 (+23.9%), from €17,458 to €21,638
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 | €149,441 | €144,227 | -€5,214 | -3.5% |
| Fixed assets | 21/28 | €89,461 | €70,392 | -€19,069 | -21.3% |
| Tangible fixed assets | 22/27 | €89,461 | €70,392 | -€19,069 | -21.3% |
| Plant, machinery and equipment | 23 | €2,525 | €1,410 | -€1,115 | -44.2% |
| Furniture and vehicles | 24 | €13,364 | €10,332 | -€3,032 | -22.7% |
| Leasing and similar rights | 25 | €48,787 | €38,516 | -€10,271 | -21.1% |
| Other tangible fixed assets | 26 | €24,785 | €20,134 | -€4,651 | -18.8% |
| Current assets | 29/58 | €59,980 | €73,835 | +€13,855 | +23.1% |
| Stocks and contracts in progress | 3 | €554 | €1,892 | +€1,338 | +241.5% |
| Stocks | 30/36 | €554 | €1,892 | +€1,338 | +241.5% |
| Amounts receivable within one year | 40/41 | €47,535 | €69,489 | +€21,954 | +46.2% |
| Trade receivables | 40 | €47,535 | €69,489 | +€21,954 | +46.2% |
| Cash at bank and in hand | 54/58 | €11,891 | €708 | -€11,183 | -94.0% |
| Deferred charges and accrued income | 490/1 | - | €1,746 | +€1,746 | |
| Total equity and liabilities | 10/49 | €149,441 | €144,227 | -€5,214 | -3.5% |
| Equity | 10/15 | €17,704 | €16,439 | -€1,265 | -7.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,704 | €4,439 | -€1,265 | -22.2% |
| Amounts payable | 17/49 | €131,737 | €127,788 | -€3,949 | -3.0% |
| Amounts payable after more than one year | 17 | €42,875 | €25,589 | -€17,286 | -40.3% |
| Financial debts | 170/4 | €42,875 | €25,589 | -€17,286 | -40.3% |
| Amounts payable within one year | 42/48 | €88,862 | €102,199 | +€13,337 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €22,421 | €23,772 | +€1,351 | +6.0% |
| Trade debts | 44 | €21,705 | €20,310 | -€1,395 | -6.4% |
| Suppliers | 440/4 | €21,705 | €20,310 | -€1,395 | -6.4% |
| Taxes, remuneration and social security | 45 | €7,354 | €19,009 | +€11,655 | +158.5% |
| Taxes | 450/3 | €1,776 | €9,528 | +€7,752 | +436.5% |
| Remuneration and social security | 454/9 | €5,578 | €9,481 | +€3,903 | +70.0% |
| Other amounts payable | 47/48 | €37,382 | €39,108 | +€1,726 | +4.6% |
| Remuneration, social security and pensions | 62 | €61,854 | €108,036 | +€46,182 | +74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,458 | €21,638 | +€4,180 | +23.9% |
| Other operating charges | 640/8 | €1,848 | €1,408 | -€440 | -23.8% |
| Gross operating margin | 9900 | €90,215 | €133,124 | +€42,909 | +47.6% |
| Operating profit (loss) | 9901 | €9,055 | €2,042 | -€7,013 | -77.4% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €3,035 | €3,323 | +€288 | +9.5% |
| Recurring financial charges | 65 | €3,035 | €3,323 | +€288 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €6,020 | -€1,265 | -€7,285 | |
| Profit (loss) for the period | 9904 | €6,020 | -€1,265 | -€7,285 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,020 | -€1,265 | -€7,285 |
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 4 October 2026 via checked.be.