Blackbird Residence: 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.
Blackbird Residence
Largest movements
- Tangible fixed assets -€47,619
down €47,619 (-2.0%), from €2.3m to €2.3m
- Debts after one year -€125,000
down €125,000 (-8.5%), from €1.5m to €1.3m
- Other debts +€47,280
up €47,280 (+18.3%), from €258,210 to €305,491
- Profit (loss) carried forward +€24,503
up €24,503 (+26.6%), from -€92,232 to -€67,729
- Depreciation -€122,081
down €122,081 (-68.6%), from €177,895 to €55,814
- Gross operating margin -€30,209
down €30,209 (-14.0%), from €215,743 to €185,534
- Financial charges -€24,737
down €24,737 (-20.3%), from €121,856 to €97,119
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,342,510 | €2,295,570 | -€46,940 | -2.0% |
| Fixed assets | 21/28 | €2,342,105 | €2,294,486 | -€47,619 | -2.0% |
| Tangible fixed assets | 22/27 | €2,342,105 | €2,294,486 | -€47,619 | -2.0% |
| Land and buildings | 22 | €2,342,105 | €2,294,486 | -€47,619 | -2.0% |
| Current assets | 29/58 | €405 | €1,084 | +€679 | +168% |
| Amounts receivable within one year | 40/41 | €83 | €763 | +€680 | +823% |
| Other amounts receivable | 41 | €83 | €763 | +€680 | +823% |
| Cash at bank and in hand | 54/58 | €322 | €321 | -€1 | -0.4% |
| Total equity and liabilities | 10/49 | €2,342,510 | €2,295,570 | -€46,940 | -2.0% |
| Equity | 10/15 | €507,768 | €532,271 | +€24,503 | +4.8% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,232 | -€67,729 | +€24,503 | +26.6% |
| Amounts payable | 17/49 | €1,834,742 | €1,763,299 | -€71,443 | -3.9% |
| Amounts payable after more than one year | 17 | €1,470,000 | €1,345,000 | -€125,000 | -8.5% |
| Financial debts | 170/4 | €1,470,000 | €1,345,000 | -€125,000 | -8.5% |
| Amounts payable within one year | 42/48 | €358,210 | €411,278 | +€53,068 | +14.8% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | - | €5,787 | +€5,787 | |
| Suppliers | 440/4 | - | €5,787 | +€5,787 | |
| Other amounts payable | 47/48 | €258,210 | €305,491 | +€47,280 | +18.3% |
| Accrued charges and deferred income | 492/3 | €6,531 | €7,021 | +€490 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,895 | €55,814 | -€122,081 | -68.6% |
| Other operating charges | 640/8 | €8,223 | €8,098 | -€126 | -1.5% |
| Gross operating margin | 9900 | €215,743 | €185,534 | -€30,209 | -14.0% |
| Operating profit (loss) | 9901 | €29,624 | €121,622 | +€91,998 | +311% |
| Financial charges | 65/66B | €121,856 | €97,119 | -€24,737 | -20.3% |
| Recurring financial charges | 65 | €121,856 | €97,119 | -€24,737 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€92,232 | €24,503 | +€116,735 | |
| Profit (loss) for the period | 9904 | -€92,232 | €24,503 | +€116,735 | |
| Profit (loss) for the period to be appropriated | 9905 | -€92,232 | €24,503 | +€116,735 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.