BLACKOPPER: 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.
BLACKOPPER
Largest movements
- Receivables within one year -€35,055
down €35,055 (-52.1%), from €67,336 to €32,281
of which Trade receivables: -€37,693
- Stocks and contracts +€10,460
up €10,460 (+87.5%), from €11,960 to €22,420
of which Stocks: +€10,460
- Tangible fixed assets -€9,322
down €9,322 (-6.7%), from €139,215 to €129,894
of which Furniture and vehicles: -€6,987
- Cash -€6,532
down €6,532 (-41.0%), from €15,913 to €9,382
mainly Trade debts (-€20,264) and Stocks and contracts (-€10,460)
- Deferred charges and accrued income +€3,514
up €3,514 (+178.6%), from €1,967 to €5,481
- Trade debts -€20,264
down €20,264 (-48.8%), from €41,528 to €21,265
- Other debts -€10,394
down €10,394 (-40.5%), from €25,665 to €15,271
- Debts after one year -€9,128
down €9,128 (-9.2%), from €98,822 to €89,693
of which Financial debts: -€9,128
- Tax, wage and social debts -€4,919
down €4,919 (-35.8%), from €13,729 to €8,810
of which Taxes: -€12,160
- Profit (loss) carried forward +€4,834
new in 2025: €4,834
- Gross operating margin +€60,115
up €60,115 (+435.0%), from €13,821 to €73,936
- Staff costs +€41,271
up €41,271 (+506.6%), from €8,146 to €49,418
- Taxes +€1,569
new in 2025: €1,569
- Other operating charges +€909
up €909 (+151.9%), from €599 to €1,508
- Depreciation -€857
down €857 (-7.1%), from €12,032 to €11,175
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 | €236,392 | €199,457 | -€36,934 | -15.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €139,215 | €129,894 | -€9,322 | -6.7% |
| Tangible fixed assets | 22/27 | €139,215 | €129,894 | -€9,322 | -6.7% |
| Land and buildings | 22 | €116,471 | €112,444 | -€4,027 | -3.5% |
| Plant, machinery and equipment | 23 | - | €1,693 | +€1,693 | |
| Furniture and vehicles | 24 | €22,744 | €15,757 | -€6,987 | -30.7% |
| Current assets | 29/58 | €97,176 | €69,564 | -€27,613 | -28.4% |
| Stocks and contracts in progress | 3 | €11,960 | €22,420 | +€10,460 | +87.5% |
| Stocks | 30/36 | €11,960 | €22,420 | +€10,460 | +87.5% |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €67,336 | €32,281 | -€35,055 | -52.1% |
| Trade receivables | 40 | €64,633 | €26,940 | -€37,693 | -58.3% |
| Other amounts receivable | 41 | €2,703 | €5,341 | +€2,638 | +97.6% |
| Cash at bank and in hand | 54/58 | €15,913 | €9,382 | -€6,532 | -41.0% |
| Deferred charges and accrued income | 490/1 | €1,967 | €5,481 | +€3,514 | +178.6% |
| Total equity and liabilities | 10/49 | €236,392 | €199,457 | -€36,934 | -15.6% |
| Equity | 10/15 | €47,953 | €52,787 | +€4,834 | +10.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €45,453 | €45,453 | = | 0.0% |
| Distributable reserves | 133 | €45,453 | €45,453 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,834 | +€4,834 | |
| Amounts payable | 17/49 | €188,439 | €146,670 | -€41,768 | -22.2% |
| Amounts payable after more than one year | 17 | €98,822 | €89,693 | -€9,128 | -9.2% |
| Financial debts | 170/4 | €98,822 | €89,693 | -€9,128 | -9.2% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €89,617 | €56,977 | -€32,640 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €8,695 | €9,128 | +€433 | +5.0% |
| Financial debts | 43 | - | €2,503 | +€2,503 | |
| Credit institutions | 430/8 | - | €2,503 | +€2,503 | |
| Trade debts | 44 | €41,528 | €21,265 | -€20,264 | -48.8% |
| Suppliers | 440/4 | €41,528 | €21,265 | -€20,264 | -48.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,729 | €8,810 | -€4,919 | -35.8% |
| Taxes | 450/3 | €13,729 | €1,569 | -€12,160 | -88.6% |
| Remuneration and social security | 454/9 | €0 | €7,241 | +€7,241 | |
| Other amounts payable | 47/48 | €25,665 | €15,271 | -€10,394 | -40.5% |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €269 | +€269 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €8,146 | €49,418 | +€41,271 | +506.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,032 | €11,175 | -€857 | -7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €206 | - | -€206 | |
| Other operating charges | 640/8 | €599 | €1,508 | +€909 | +151.9% |
| Non-recurring operating charges | 66A | - | €730 | +€730 | |
| Gross operating margin | 9900 | €13,821 | €73,936 | +€60,115 | +435.0% |
| Operating profit (loss) | 9901 | -€7,163 | €11,105 | +€18,268 | |
| Financial income | 75/76B | €1 | €45 | +€44 | +6389.9% |
| Recurring financial income | 75 | €1 | €45 | +€44 | +6389.9% |
| Financial charges | 65/66B | €4,378 | €4,746 | +€368 | +8.4% |
| Recurring financial charges | 65 | €4,378 | €4,746 | +€368 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,540 | €6,403 | +€17,943 | |
| Income taxes | 67/77 | - | €1,569 | +€1,569 | |
| Profit (loss) for the period | 9904 | -€11,540 | €4,834 | +€16,374 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,540 | €4,834 | +€16,374 |
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 10 October 2026 via checked.be.