BLACKSHEEP TRIBES HOLDING: 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.
What changed
BLACKSHEEP TRIBES HOLDING
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€183,328
2024 · €54,575+€128,753
Equity
€950,225
2024 · €766,897+€183,328
Cash
€64,051
2024 · €316,868-€252,816
Balance sheet total
€14.4m
2024 · €13.2m+€1.2m
Largest movements
Assets
- Financial fixed assets +€1.9m
up €1.9m (+18.1%), from €10.6m to €12.5m
- Receivables within one year -€384,573
down €384,573 (-17.6%), from €2.2m to €1.8m
of which Other amounts receivable: -€840,269
- Cash -€252,816
down €252,816 (-79.8%), from €316,868 to €64,051
mainly Investment in fixed assets (net) (-€2.0m) and Debts after one year (-€298,526)
Equity and liabilities
- Other debts +€1.4m
up €1.4m (+15.1%), from €9.5m to €11.0m
- Debts after one year -€298,526
down €298,526 (-17.8%), from €1.7m to €1.4m
- Profit (loss) carried forward +€183,328
up €183,328 (+28.7%), from €638,332 to €821,660
- Trade debts -€175,265
down €175,265 (-28.9%), from €606,507 to €431,242
- Tax, wage and social debts +€148,541
up €148,541 (+102%), from €145,341 to €293,882
of which Remuneration and social security: +€121,613
Income statement
- Turnover +€913,514
up €913,514 (+44.3%), from €2.1m to €3.0m
- Staff costs +€426,675
up €426,675 (+45.8%), from €931,744 to €1.4m
- Services and other goods +€239,952
up €239,952 (+24.7%), from €973,214 to €1.2m
- Financial income -€95,137
down €95,137 (-66.8%), from €142,500 to €47,364
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.
Result 2024
€54,575
Turnover
+€913,514
Other operating income
+€28,253
Services and other goods
-€239,952
Staff costs
-€426,675
Depreciation
-€10,882
Other operating charges
-€497
Other operating items
-€2,643
Financial income
-€95,137
Financial charges
-€19,464
Taxes
-€17,764
Result 2025
€183,328
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.1m
Investment
-€2.0m
Financing
-€375,069
Cash 2024
€316,868
From operations (derived)
+€2.1m
Net result for the year
+€183,328
Depreciation
+€25,064
Receivables within one year
+€384,573
Deferred charges and accrued income
+€97,443
Trade debts
-€175,265
Tax, wage and social debts
+€148,541
Other debts
+€1.4m
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
-€375,069
Debts after one year
-€298,526
Current portion of long-term debt
-€76,544
Cash 2025
€64,051
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,202,618 | €14,423,365 | +€1.2m | +9.2% |
| Fixed assets | 21/28 | €10,582,300 | €12,537,879 | +€2.0m | +18.5% |
| Intangible fixed assets | 21 | €11,346 | €42,877 | +€31,531 | +278% |
| Tangible fixed assets | 22/27 | €8,386 | €17,434 | +€9,048 | +108% |
| Plant, machinery and equipment | 23 | €1,260 | €760 | -€500 | -39.7% |
| Furniture and vehicles | 24 | €7,126 | €16,674 | +€9,548 | +134% |
| Financial fixed assets | 28 | €10,562,569 | €12,477,569 | +€1.9m | +18.1% |
| Affiliated companies | 280/1 | €10,562,569 | €12,477,569 | +€1.9m | +18.1% |
| Participating interests | 280 | €10,562,569 | €12,477,569 | +€1.9m | +18.1% |
| Current assets | 29/58 | €2,620,318 | €1,885,486 | -€734,832 | -28.0% |
| Amounts receivable within one year | 40/41 | €2,187,107 | €1,802,534 | -€384,573 | -17.6% |
| Trade receivables | 40 | €40,867 | €496,563 | +€455,697 | +1,115% |
| Other amounts receivable | 41 | €2,146,240 | €1,305,971 | -€840,269 | -39.2% |
| Cash at bank and in hand | 54/58 | €316,868 | €64,051 | -€252,816 | -79.8% |
| Deferred charges and accrued income | 490/1 | €116,344 | €18,901 | -€97,443 | -83.8% |
| Total equity and liabilities | 10/49 | €13,202,618 | €14,423,365 | +€1.2m | +9.2% |
| Equity | 10/15 | €766,897 | €950,225 | +€183,328 | +23.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €114,306 | €114,306 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,154 | €18,154 | = | 0.0% |
| Distributable reserves | 133 | €96,151 | €96,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | €638,332 | €821,660 | +€183,328 | +28.7% |
| Amounts payable | 17/49 | €12,435,721 | €13,473,140 | +€1.0m | +8.3% |
| Amounts payable after more than one year | 17 | €1,675,657 | €1,377,131 | -€298,526 | -17.8% |
| Financial debts | 170/4 | €1,675,657 | €1,377,131 | -€298,526 | -17.8% |
| Credit institutions | 173 | €1,675,657 | €1,377,131 | -€298,526 | -17.8% |
| Amounts payable within one year | 42/48 | €10,760,064 | €12,096,009 | +€1.3m | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €495,955 | €419,411 | -€76,544 | -15.4% |
| Trade debts | 44 | €606,507 | €431,242 | -€175,265 | -28.9% |
| Suppliers | 440/4 | €606,507 | €431,242 | -€175,265 | -28.9% |
| Taxes, remuneration and social security | 45 | €145,341 | €293,882 | +€148,541 | +102% |
| Taxes | 450/3 | €38,914 | €65,842 | +€26,927 | +69.2% |
| Remuneration and social security | 454/9 | €106,427 | €228,040 | +€121,613 | +114% |
| Other amounts payable | 47/48 | €9,512,261 | €10,951,474 | +€1.4m | +15.1% |
| Operating income | 70/76A | €2,149,525 | €3,088,676 | +€939,151 | +43.7% |
| Turnover | 70 | €2,061,484 | €2,974,998 | +€913,514 | +44.3% |
| Own construction capitalised | 72 | €10,052 | €7,436 | -€2,616 | -26.0% |
| Other operating income | 74 | €77,989 | €106,242 | +€28,253 | +36.2% |
| Operating charges | 60/66A | €1,920,551 | €2,598,584 | +€678,033 | +35.3% |
| Services and other goods | 61 | €973,214 | €1,213,166 | +€239,952 | +24.7% |
| Remuneration, social security and pensions | 62 | €931,744 | €1,358,419 | +€426,675 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,182 | €25,064 | +€10,882 | +76.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,411 | €1,908 | +€497 | +35.2% |
| Non-recurring operating charges | 66A | - | €27 | +€27 | |
| Operating profit (loss) | 9901 | €228,973 | €490,091 | +€261,118 | +114% |
| Financial income | 75/76B | €142,500 | €47,364 | -€95,137 | -66.8% |
| Recurring financial income | 75 | €142,500 | €47,364 | -€95,137 | -66.8% |
| Income from financial fixed assets | 750 | €122,961 | €47,364 | -€75,597 | -61.5% |
| Income from current assets | 751 | €19,539 | €0 | -€19,539 | -100% |
| Other financial income | 752/9 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €259,827 | €279,291 | +€19,464 | +7.5% |
| Recurring financial charges | 65 | €259,827 | €239,291 | -€20,536 | -7.9% |
| Debt charges | 650 | €253,134 | €220,761 | -€32,374 | -12.8% |
| Other financial charges | 652/9 | €6,692 | €18,530 | +€11,838 | +177% |
| Non-recurring financial charges | 66B | - | €40,000 | +€40,000 | |
| Profit (loss) for the period before taxes | 9903 | €111,647 | €258,164 | +€146,517 | +131% |
| Income taxes | 67/77 | €57,072 | €74,836 | +€17,764 | +31.1% |
| Taxes | 670/3 | €90,355 | €110,000 | +€19,645 | +21.7% |
| Tax adjustments and reversals of tax provisions | 77 | €33,284 | €35,164 | +€1,880 | +5.6% |
| Profit (loss) for the period | 9904 | €54,575 | €183,328 | +€128,753 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €54,575 | €183,328 | +€128,753 | +236% |
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 31 October 2026 via checked.be.