Blackbow: 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.
Blackbow
Largest movements
- Receivables within one year +€39,492
up €39,492 (+84.5%), from €46,738 to €86,230
of which Other amounts receivable: +€27,334
- Cash -€2,752
down €2,752 (-32.0%), from €8,594 to €5,842
mainly Receivables within one year (-€39,492) and Trade debts (-€710)
- Profit (loss) carried forward +€28,119
up €28,119 (+93.7%), from €30,024 to €58,143
- Tax, wage and social debts +€8,818
up €8,818 (+43.8%), from €20,112 to €28,929
of which Taxes: +€7,518
- Gross operating margin -€5,899
down €5,899 (-13.6%), from €43,343 to €37,444
- Taxes -€3,637
down €3,637 (-30.6%), from €11,887 to €8,250
- Other operating charges -€635
down €635 (-51.4%), from €1,235 to €600
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 | €55,845 | €92,072 | +€36,227 | +64.9% |
| Current assets | 29/58 | €55,845 | €92,072 | +€36,227 | +64.9% |
| Amounts receivable within one year | 40/41 | €46,738 | €86,230 | +€39,492 | +84.5% |
| Trade receivables | 40 | €10,112 | €22,271 | +€12,159 | +120.2% |
| Other amounts receivable | 41 | €36,626 | €63,960 | +€27,334 | +74.6% |
| Cash at bank and in hand | 54/58 | €8,594 | €5,842 | -€2,752 | -32.0% |
| Deferred charges and accrued income | 490/1 | €513 | - | -€513 | |
| Total equity and liabilities | 10/49 | €55,845 | €92,072 | +€36,227 | +64.9% |
| Equity | 10/15 | €35,024 | €63,143 | +€28,119 | +80.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,024 | €58,143 | +€28,119 | +93.7% |
| Amounts payable | 17/49 | €20,821 | €28,929 | +€8,108 | +38.9% |
| Amounts payable within one year | 42/48 | €20,821 | €28,929 | +€8,108 | +38.9% |
| Trade debts | 44 | €710 | - | -€710 | |
| Suppliers | 440/4 | €710 | - | -€710 | |
| Taxes, remuneration and social security | 45 | €20,112 | €28,929 | +€8,818 | +43.8% |
| Taxes | 450/3 | €20,112 | €27,629 | +€7,518 | +37.4% |
| Remuneration and social security | 454/9 | - | €1,300 | +€1,300 | |
| Other operating charges | 640/8 | €1,235 | €600 | -€635 | -51.4% |
| Gross operating margin | 9900 | €43,343 | €37,444 | -€5,899 | -13.6% |
| Operating profit (loss) | 9901 | €42,108 | €36,844 | -€5,264 | -12.5% |
| Financial charges | 65/66B | €197 | €476 | +€279 | +141.5% |
| Recurring financial charges | 65 | €197 | €476 | +€279 | +141.5% |
| Profit (loss) for the period before taxes | 9903 | €41,911 | €36,369 | -€5,543 | -13.2% |
| Income taxes | 67/77 | €11,887 | €8,250 | -€3,637 | -30.6% |
| Profit (loss) for the period | 9904 | €30,024 | €28,119 | -€1,906 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,024 | €28,119 | -€1,906 | -6.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.