BLACKSQUARE: 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.
BLACKSQUARE
Largest movements
- Cash +€668,128
up €668,128 (+819.9%), from €81,487 to €749,614
mainly Net result for the year (+€805,647) and Tax, wage and social debts (+€326,184)
- Receivables within one year +€370,273
up €370,273 (+352.7%), from €104,970 to €475,243
of which Other amounts receivable: +€300,607
- Current investments +€150,000
up €150,000 (+75.0%), from €200,000 to €350,000
- Reserves +€805,647
up €805,647 (+385.9%), from €208,744 to €1.0m
- Tax, wage and social debts +€326,184
up €326,184 (+191.6%), from €170,228 to €496,411
of which Taxes: +€330,184
- Trade debts +€57,953
up €57,953 (+1529.0%), from €3,790 to €61,743
- Gross operating margin +€860,019
up €860,019 (+285.6%), from €301,139 to €1.2m
- Taxes +€279,430
up €279,430 (+307.3%), from €90,945 to €370,374
- Financial income +€19,684
up €19,684 (+8549.9%), from €230 to €19,914
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 | €387,762 | €1,577,546 | +€1.2m | +306.8% |
| Fixed assets | 21/28 | - | €1,372 | +€1,372 | |
| Tangible fixed assets | 22/27 | - | €1,372 | +€1,372 | |
| Plant, machinery and equipment | 23 | - | €1,372 | +€1,372 | |
| Current assets | 29/58 | €387,762 | €1,576,174 | +€1.2m | +306.5% |
| Amounts receivable within one year | 40/41 | €104,970 | €475,243 | +€370,273 | +352.7% |
| Trade receivables | 40 | €94,874 | €164,539 | +€69,666 | +73.4% |
| Other amounts receivable | 41 | €10,096 | €310,703 | +€300,607 | +2977.4% |
| Current investments | 50/53 | €200,000 | €350,000 | +€150,000 | +75.0% |
| Cash at bank and in hand | 54/58 | €81,487 | €749,614 | +€668,128 | +819.9% |
| Deferred charges and accrued income | 490/1 | €1,305 | €1,317 | +€12 | +0.9% |
| Total equity and liabilities | 10/49 | €387,762 | €1,577,546 | +€1.2m | +306.8% |
| Equity | 10/15 | €213,744 | €1,019,392 | +€805,647 | +376.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €208,744 | €1,014,392 | +€805,647 | +385.9% |
| Distributable reserves | 133 | €208,744 | €1,014,392 | +€805,647 | +385.9% |
| Amounts payable | 17/49 | €174,018 | €558,154 | +€384,137 | +220.7% |
| Amounts payable within one year | 42/48 | €174,018 | €558,154 | +€384,137 | +220.7% |
| Trade debts | 44 | €3,790 | €61,743 | +€57,953 | +1529.0% |
| Suppliers | 440/4 | €3,790 | €61,743 | +€57,953 | +1529.0% |
| Taxes, remuneration and social security | 45 | €170,228 | €496,411 | +€326,184 | +191.6% |
| Taxes | 450/3 | €166,228 | €496,411 | +€330,184 | +198.6% |
| Remuneration and social security | 454/9 | €4,000 | €0 | -€4,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €427 | +€427 | |
| Other operating charges | 640/8 | €969 | €601 | -€368 | -38.0% |
| Gross operating margin | 9900 | €301,139 | €1,161,158 | +€860,019 | +285.6% |
| Operating profit (loss) | 9901 | €300,170 | €1,160,131 | +€859,961 | +286.5% |
| Financial income | 75/76B | €230 | €19,914 | +€19,684 | +8549.9% |
| Recurring financial income | 75 | €230 | €19,914 | +€19,684 | +8549.9% |
| Financial charges | 65/66B | €711 | €4,023 | +€3,312 | +465.7% |
| Recurring financial charges | 65 | €711 | €4,023 | +€3,312 | +465.7% |
| Profit (loss) for the period before taxes | 9903 | €299,689 | €1,176,022 | +€876,333 | +292.4% |
| Income taxes | 67/77 | €90,945 | €370,374 | +€279,430 | +307.3% |
| Profit (loss) for the period | 9904 | €208,744 | €805,647 | +€596,903 | +285.9% |
| Profit (loss) for the period to be appropriated | 9905 | €208,744 | €805,647 | +€596,903 | +285.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.