BLACKFIN VENTURES: 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.
BLACKFIN VENTURES
Largest movements
- Cash -€526,019
down €526,019 (-96.6%), from €544,284 to €18,265
mainly Current investments (-€435,882) and Receivables within one year (-€58,745)
- Current investments +€435,882
up €435,882 (+36.0%), from €1.2m to €1.6m
- Receivables within one year +€58,745
up €58,745 (+760%), from €7,733 to €66,478
of which Trade receivables: +€42,300
- Financial fixed assets +€24,528
up €24,528 (+9,811%), from €250 to €24,778
- Profit (loss) carried forward +€21,814
up €21,814 (+1.3%), from €1.7m to €1.7m
- Other debts -€19,990
down €19,990 (-100%), from €19,990 to €0
- Financial income -€2.1m
down €2.1m (-98.8%), from €2.1m to €25,561
- Financial charges -€208,447
down €208,447 (-98.9%), from €210,802 to €2,354
of which Financial charges: -€206,140
- Taxes +€6,423
up €6,423 (+3,828%), from €168 to €6,591
- Gross operating margin -€3,143
down €3,143 (-24.1%), from €13,059 to €9,917
- Depreciation +€1,888
up €1,888 (+86.6%), from €2,180 to €4,068
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
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 | €1,767,417 | €1,764,363 | -€3,054 | -0.2% |
| Fixed assets | 21/28 | €4,620 | €32,992 | +€28,372 | +614% |
| Tangible fixed assets | 22/27 | €4,370 | €8,215 | +€3,844 | +88.0% |
| Furniture and vehicles | 24 | €4,370 | €8,215 | +€3,844 | +88.0% |
| Financial fixed assets | 28 | €250 | €24,778 | +€24,528 | +9,811% |
| Current assets | 29/58 | €1,762,797 | €1,731,371 | -€31,426 | -1.8% |
| Amounts receivable within one year | 40/41 | €7,733 | €66,478 | +€58,745 | +760% |
| Trade receivables | 40 | €3,630 | €45,930 | +€42,300 | +1,165% |
| Other amounts receivable | 41 | €4,103 | €20,548 | +€16,445 | +401% |
| Current investments | 50/53 | €1,209,876 | €1,645,758 | +€435,882 | +36.0% |
| Cash at bank and in hand | 54/58 | €544,284 | €18,265 | -€526,019 | -96.6% |
| Deferred charges and accrued income | 490/1 | €904 | €870 | -€34 | -3.7% |
| Total equity and liabilities | 10/49 | €1,767,417 | €1,764,363 | -€3,054 | -0.2% |
| Equity | 10/15 | €1,742,170 | €1,763,983 | +€21,814 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,723,570 | €1,745,383 | +€21,814 | +1.3% |
| Amounts payable | 17/49 | €25,247 | €380 | -€24,867 | -98.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,971 | €380 | -€23,591 | -98.4% |
| Trade debts | 44 | €960 | €157 | -€804 | -83.7% |
| Suppliers | 440/4 | €960 | €157 | -€804 | -83.7% |
| Taxes, remuneration and social security | 45 | €3,021 | €223 | -€2,798 | -92.6% |
| Taxes | 450/3 | €3,021 | €223 | -€2,798 | -92.6% |
| Other amounts payable | 47/48 | €19,990 | €0 | -€19,990 | -100% |
| Accrued charges and deferred income | 492/3 | €1,276 | €0 | -€1,276 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,180 | €4,068 | +€1,888 | +86.6% |
| Other operating charges | 640/8 | €499 | €651 | +€152 | +30.4% |
| Gross operating margin | 9900 | €13,059 | €9,917 | -€3,143 | -24.1% |
| Operating profit (loss) | 9901 | €10,380 | €5,198 | -€5,183 | -49.9% |
| Financial income | 75/76B | €2,111,726 | €25,561 | -€2.1m | -98.8% |
| Recurring financial income | 75 | €2,111,726 | €25,561 | -€2.1m | -98.8% |
| Financial charges | 65/66B | €210,802 | €2,354 | -€208,447 | -98.9% |
| Recurring financial charges | 65 | €208,494 | €2,354 | -€206,140 | -98.9% |
| Non-recurring financial charges | 66B | €2,307 | €0 | -€2,307 | -100% |
| Profit (loss) for the period before taxes | 9903 | €1,911,305 | €28,405 | -€1.9m | -98.5% |
| Income taxes | 67/77 | €168 | €6,591 | +€6,423 | +3,828% |
| Profit (loss) for the period | 9904 | €1,911,137 | €21,814 | -€1.9m | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,911,137 | €21,814 | -€1.9m | -98.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.