Blacknum: 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.
Blacknum
Largest movements
- Receivables within one year +€60,809
up €60,809 (+30.7%), from €198,144 to €258,953
of which Trade receivables: +€59,415
- Tangible fixed assets -€13,250
down €13,250 (-70.8%), from €18,715 to €5,465
- Cash -€5,580
down €5,580 (-99.7%), from €5,595 to €15
mainly Receivables within one year (-€60,809) and Trade debts (-€20,417)
- Debts after one year +€36,701
up €36,701 (+14.2%), from €259,136 to €295,837
- Short-term financial debts +€22,679
new in 2025: €22,679
- Trade debts -€20,417
down €20,417 (-57.9%), from €35,253 to €14,836
- Profit (loss) carried forward +€14,932
up €14,932 (+8.1%), from -€184,505 to -€169,573
- Tax, wage and social debts -€11,668
down €11,668 (-20.1%), from €57,930 to €46,262
of which Taxes: -€8,243
- Staff costs +€91,554
up €91,554 (+29.2%), from €313,771 to €405,325
- Gross operating margin +€75,585
up €75,585 (+20.2%), from €373,581 to €449,166
- Depreciation -€10,452
down €10,452 (-36.7%), from €28,489 to €18,037
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 | €229,350 | €275,792 | +€46,442 | +20.2% |
| Fixed assets | 21/28 | €18,716 | €7,915 | -€10,801 | -57.7% |
| Intangible fixed assets | 21 | €1 | €2,450 | +€2,449 | +244907.0% |
| Tangible fixed assets | 22/27 | €18,715 | €5,465 | -€13,250 | -70.8% |
| Furniture and vehicles | 24 | €18,715 | €5,465 | -€13,250 | -70.8% |
| Current assets | 29/58 | €210,633 | €267,877 | +€57,244 | +27.2% |
| Amounts receivable within one year | 40/41 | €198,144 | €258,953 | +€60,809 | +30.7% |
| Trade receivables | 40 | €198,141 | €257,556 | +€59,415 | +30.0% |
| Other amounts receivable | 41 | €3 | €1,397 | +€1,394 | +46770.5% |
| Cash at bank and in hand | 54/58 | €5,595 | €15 | -€5,580 | -99.7% |
| Deferred charges and accrued income | 490/1 | €6,895 | €8,909 | +€2,015 | +29.2% |
| Total equity and liabilities | 10/49 | €229,350 | €275,792 | +€46,442 | +20.2% |
| Equity | 10/15 | -€123,005 | -€108,073 | +€14,932 | +12.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€184,505 | -€169,573 | +€14,932 | +8.1% |
| Amounts payable | 17/49 | €352,354 | €383,865 | +€31,511 | +8.9% |
| Amounts payable after more than one year | 17 | €259,136 | €295,837 | +€36,701 | +14.2% |
| Financial debts | 170/4 | €259,136 | €295,837 | +€36,701 | +14.2% |
| Amounts payable within one year | 42/48 | €93,182 | €83,776 | -€9,406 | -10.1% |
| Financial debts | 43 | - | €22,679 | +€22,679 | |
| Credit institutions | 430/8 | - | €22,679 | +€22,679 | |
| Trade debts | 44 | €35,253 | €14,836 | -€20,417 | -57.9% |
| Suppliers | 440/4 | €35,253 | €14,836 | -€20,417 | -57.9% |
| Taxes, remuneration and social security | 45 | €57,930 | €46,262 | -€11,668 | -20.1% |
| Taxes | 450/3 | €12,343 | €4,101 | -€8,243 | -66.8% |
| Remuneration and social security | 454/9 | €45,587 | €42,161 | -€3,426 | -7.5% |
| Accrued charges and deferred income | 492/3 | €36 | €4,252 | +€4,216 | +11750.6% |
| Remuneration, social security and pensions | 62 | €313,771 | €405,325 | +€91,554 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,489 | €18,037 | -€10,452 | -36.7% |
| Other operating charges | 640/8 | €3,889 | €2,078 | -€1,811 | -46.6% |
| Gross operating margin | 9900 | €373,581 | €449,166 | +€75,585 | +20.2% |
| Operating profit (loss) | 9901 | €27,432 | €23,726 | -€3,706 | -13.5% |
| Financial income | 75/76B | €0 | €20 | +€20 | +199000.0% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +199000.0% |
| Financial charges | 65/66B | €11,860 | €8,380 | -€3,480 | -29.3% |
| Recurring financial charges | 65 | €11,860 | €8,380 | -€3,480 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €15,572 | €15,366 | -€206 | -1.3% |
| Income taxes | 67/77 | €1,038 | €435 | -€603 | -58.1% |
| Profit (loss) for the period | 9904 | €14,535 | €14,932 | +€397 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,535 | €14,932 | +€397 | +2.7% |
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 8 October 2026 via checked.be.