BLACKSPADE: 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.
BLACKSPADE
Largest movements
- Cash +€23,573
up €23,573 (+148%), from €15,890 to €39,463
mainly Net result for the year (+€50,501) and Receivables within one year (+€18,125)
- Receivables within one year -€18,125
down €18,125 (-34.5%), from €52,464 to €34,339
of which Other amounts receivable: -€19,511
- Tangible fixed assets +€1,248
up €1,248 (+9.3%), from €13,456 to €14,705
of which Furniture and vehicles: +€2,248
- Tax, wage and social debts +€4,781
up €4,781 (+44.8%), from €10,681 to €15,463
- Profit (loss) carried forward +€2,501
up €2,501 (+3.7%), from €67,604 to €70,105
- Gross operating margin +€19,078
up €19,078 (+38.9%), from €49,030 to €68,109
- Taxes +€4,100
up €4,100 (+38.4%), from €10,681 to €14,781
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 | €82,528 | €89,075 | +€6,547 | +7.9% |
| Fixed assets | 21/28 | €13,756 | €15,005 | +€1,248 | +9.1% |
| Tangible fixed assets | 22/27 | €13,456 | €14,705 | +€1,248 | +9.3% |
| Furniture and vehicles | 24 | €4,329 | €6,577 | +€2,248 | +51.9% |
| Other tangible fixed assets | 26 | €9,127 | €8,127 | -€1,000 | -11.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €68,772 | €74,070 | +€5,299 | +7.7% |
| Amounts receivable within one year | 40/41 | €52,464 | €34,339 | -€18,125 | -34.5% |
| Trade receivables | 40 | €11,984 | €13,371 | +€1,386 | +11.6% |
| Other amounts receivable | 41 | €40,480 | €20,969 | -€19,511 | -48.2% |
| Cash at bank and in hand | 54/58 | €15,890 | €39,463 | +€23,573 | +148% |
| Deferred charges and accrued income | 490/1 | €417 | €268 | -€149 | -35.7% |
| Total equity and liabilities | 10/49 | €82,528 | €89,075 | +€6,547 | +7.9% |
| Equity | 10/15 | €70,604 | €73,105 | +€2,501 | +3.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,604 | €70,105 | +€2,501 | +3.7% |
| Amounts payable | 17/49 | €11,924 | €15,970 | +€4,046 | +33.9% |
| Amounts payable within one year | 42/48 | €11,924 | €15,970 | +€4,046 | +33.9% |
| Trade debts | 44 | €1,243 | €508 | -€736 | -59.2% |
| Suppliers | 440/4 | €1,243 | €508 | -€736 | -59.2% |
| Taxes, remuneration and social security | 45 | €10,681 | €15,463 | +€4,781 | +44.8% |
| Taxes | 450/3 | €10,681 | €15,463 | +€4,781 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,169 | €3,410 | +€241 | +7.6% |
| Other operating charges | 640/8 | €789 | €523 | -€267 | -33.8% |
| Gross operating margin | 9900 | €49,030 | €68,109 | +€19,078 | +38.9% |
| Operating profit (loss) | 9901 | €45,072 | €64,176 | +€19,104 | +42.4% |
| Financial income | 75/76B | €1,383 | €1,601 | +€218 | +15.8% |
| Recurring financial income | 75 | €1,383 | €1,601 | +€218 | +15.8% |
| Financial charges | 65/66B | €250 | €494 | +€245 | +98.0% |
| Recurring financial charges | 65 | €250 | €494 | +€245 | +98.0% |
| Profit (loss) for the period before taxes | 9903 | €46,205 | €65,283 | +€19,077 | +41.3% |
| Income taxes | 67/77 | €10,681 | €14,781 | +€4,100 | +38.4% |
| Profit (loss) for the period | 9904 | €35,524 | €50,501 | +€14,977 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,524 | €50,501 | +€14,977 | +42.2% |
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 15 October 2026 via checked.be.