Blackbird Creek: what changed
Blackbird Creek
Largest movements
- Receivables within one year +€45,625
up €45,625 (+45.7%), from €99,829 to €145,454
of which Other amounts receivable: +€45,625
- Cash -€2,789
down €2,789 (-25.1%), from €11,090 to €8,301
mainly Receivables within one year (-€45,625) and Trade debts (-€11,814)
- Reserves +€31,649
up €31,649 (+1,675%), from €1,890 to €33,539
of which Distributable reserves: +€31,649
- Profit (loss) carried forward +€21,836
no longer reported in 2025 (was -€21,836)
- Trade debts -€11,814
down €11,814 (-86.2%), from €13,699 to €1,885
- Tax, wage and social debts +€9,883
up €9,883 (+114%), from €8,688 to €18,571
- Debts after one year -€9,417
down €9,417 (-46.6%), from €20,192 to €10,775
- Gross operating margin +€51,840
up €51,840 (+304%), from €17,026 to €68,866
- Taxes +€10,411
up €10,411 (+218%), from €4,785 to €15,196
- Financial income -€4,101
down €4,101 (-68.6%), from €5,975 to €1,874
- Other operating charges -€970
down €970 (-79.2%), from €1,224 to €254
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,969 | €155,586 | +€42,617 | +37.7% |
| Fixed assets | 21/28 | €242 | - | -€242 | |
| Tangible fixed assets | 22/27 | €135 | - | -€135 | |
| Plant, machinery and equipment | 23 | €135 | - | -€135 | |
| Financial fixed assets | 28 | €107 | - | -€107 | |
| Current assets | 29/58 | €112,727 | €155,586 | +€42,859 | +38.0% |
| Amounts receivable within one year | 40/41 | €99,829 | €145,454 | +€45,625 | +45.7% |
| Trade receivables | 40 | €16,271 | €16,271 | +€1 | 0.0% |
| Other amounts receivable | 41 | €83,558 | €129,183 | +€45,625 | +54.6% |
| Cash at bank and in hand | 54/58 | €11,090 | €8,301 | -€2,789 | -25.1% |
| Deferred charges and accrued income | 490/1 | €1,808 | €1,831 | +€23 | +1.3% |
| Total equity and liabilities | 10/49 | €112,969 | €155,586 | +€42,617 | +37.7% |
| Equity | 10/15 | €61,454 | €114,939 | +€53,485 | +87.0% |
| Contributions | 10/11 | €81,400 | €81,400 | = | 0.0% |
| Reserves | 13 | €1,890 | €33,539 | +€31,649 | +1,675% |
| Non-distributable reserves | 130/1 | €1,890 | €1,890 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,890 | €1,890 | = | 0.0% |
| Distributable reserves | 133 | - | €31,649 | +€31,649 | |
| Profit (loss) carried forward | 14 | -€21,836 | - | +€21,836 | |
| Amounts payable | 17/49 | €51,515 | €40,647 | -€10,868 | -21.1% |
| Amounts payable after more than one year | 17 | €20,192 | €10,775 | -€9,417 | -46.6% |
| Financial debts | 170/4 | €20,192 | €10,775 | -€9,417 | -46.6% |
| Amounts payable within one year | 42/48 | €31,323 | €29,873 | -€1,450 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €8,936 | €9,417 | +€481 | +5.4% |
| Trade debts | 44 | €13,699 | €1,885 | -€11,814 | -86.2% |
| Suppliers | 440/4 | €13,699 | €1,885 | -€11,814 | -86.2% |
| Taxes, remuneration and social security | 45 | €8,688 | €18,571 | +€9,883 | +114% |
| Taxes | 450/3 | €8,688 | €18,571 | +€9,883 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €548 | €135 | -€413 | -75.4% |
| Other operating charges | 640/8 | €1,224 | €254 | -€970 | -79.2% |
| Gross operating margin | 9900 | €17,026 | €68,866 | +€51,840 | +304% |
| Operating profit (loss) | 9901 | €15,254 | €68,477 | +€53,223 | +349% |
| Financial income | 75/76B | €5,975 | €1,874 | -€4,101 | -68.6% |
| Recurring financial income | 75 | €5,975 | €1,874 | -€4,101 | -68.6% |
| Financial charges | 65/66B | €2,030 | €1,670 | -€360 | -17.7% |
| Recurring financial charges | 65 | €2,030 | €1,670 | -€360 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €19,199 | €68,681 | +€49,482 | +258% |
| Income taxes | 67/77 | €4,785 | €15,196 | +€10,411 | +218% |
| Profit (loss) for the period | 9904 | €14,414 | €53,485 | +€39,071 | +271% |
| Profit (loss) for the period to be appropriated | 9905 | €14,414 | €53,485 | +€39,071 | +271% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.