Blacksquid: 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.
Blacksquid
Largest movements
- Receivables within one year +€10,281
up €10,281 (+39.5%), from €25,997 to €36,278
of which Trade receivables: +€9,267
- Tangible fixed assets -€7,672
down €7,672 (-31.7%), from €24,226 to €16,554
- Stocks and contracts -€6,500
no longer reported in 2025 (was €6,500)
- Cash +€3,475
up €3,475 (+78.9%), from €4,403 to €7,878
mainly Depreciation (+€7,672) and Net result for the year (+€6,677)
- Profit (loss) carried forward +€6,677
up €6,677 (+83.0%), from -€8,047 to -€1,370
- Current portion of long-term debt -€5,195
down €5,195 (-53.0%), from €9,802 to €4,608
- Debts after one year -€4,608
down €4,608 (-95.2%), from €4,839 to €232
- Tax, wage and social debts +€1,489
up €1,489 (+16.7%), from €8,938 to €10,427
of which Taxes: +€3,262
- Trade debts +€1,242
up €1,242 (+17.6%), from €7,079 to €8,321
- Gross operating margin +€15,488
up €15,488 (+42.8%), from €36,172 to €51,660
- Staff costs +€1,541
up €1,541 (+4.7%), from €33,089 to €34,630
- Financial charges -€1,376
down €1,376 (-43.9%), from €3,133 to €1,757
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 | €63,111 | €62,673 | -€438 | -0.7% |
| Fixed assets | 21/28 | €24,226 | €16,554 | -€7,672 | -31.7% |
| Tangible fixed assets | 22/27 | €24,226 | €16,554 | -€7,672 | -31.7% |
| Furniture and vehicles | 24 | €24,226 | €16,554 | -€7,672 | -31.7% |
| Current assets | 29/58 | €38,885 | €46,120 | +€7,234 | +18.6% |
| Stocks and contracts in progress | 3 | €6,500 | - | -€6,500 | |
| Contracts in progress | 37 | €6,500 | - | -€6,500 | |
| Amounts receivable within one year | 40/41 | €25,997 | €36,278 | +€10,281 | +39.5% |
| Trade receivables | 40 | €25,467 | €34,734 | +€9,267 | +36.4% |
| Other amounts receivable | 41 | €530 | €1,545 | +€1,015 | +191.4% |
| Cash at bank and in hand | 54/58 | €4,403 | €7,878 | +€3,475 | +78.9% |
| Deferred charges and accrued income | 490/1 | €1,985 | €1,964 | -€22 | -1.1% |
| Total equity and liabilities | 10/49 | €63,111 | €62,673 | -€438 | -0.7% |
| Equity | 10/15 | -€6,547 | €130 | +€6,677 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,047 | -€1,370 | +€6,677 | +83.0% |
| Amounts payable | 17/49 | €69,658 | €62,543 | -€7,115 | -10.2% |
| Amounts payable after more than one year | 17 | €4,839 | €232 | -€4,608 | -95.2% |
| Financial debts | 170/4 | €4,839 | €232 | -€4,608 | -95.2% |
| Amounts payable within one year | 42/48 | €64,819 | €62,311 | -€2,508 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €9,802 | €4,608 | -€5,195 | -53.0% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €7,079 | €8,321 | +€1,242 | +17.6% |
| Suppliers | 440/4 | €7,079 | €8,321 | +€1,242 | +17.6% |
| Taxes, remuneration and social security | 45 | €8,938 | €10,427 | +€1,489 | +16.7% |
| Taxes | 450/3 | €2,605 | €5,867 | +€3,262 | +125.2% |
| Remuneration and social security | 454/9 | €6,333 | €4,560 | -€1,773 | -28.0% |
| Other amounts payable | 47/48 | €14,000 | €13,955 | -€45 | -0.3% |
| Remuneration, social security and pensions | 62 | €33,089 | €34,630 | +€1,541 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,560 | €7,672 | +€112 | +1.5% |
| Other operating charges | 640/8 | €623 | €640 | +€16 | +2.6% |
| Gross operating margin | 9900 | €36,172 | €51,660 | +€15,488 | +42.8% |
| Operating profit (loss) | 9901 | -€5,100 | €8,718 | +€13,818 | |
| Financial income | 75/76B | €34 | €0 | -€34 | -99.6% |
| Recurring financial income | 75 | €34 | €0 | -€34 | -99.6% |
| Financial charges | 65/66B | €3,133 | €1,757 | -€1,376 | -43.9% |
| Recurring financial charges | 65 | €3,133 | €1,757 | -€1,376 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,200 | €6,961 | +€15,161 | |
| Income taxes | 67/77 | - | €284 | +€284 | |
| Profit (loss) for the period | 9904 | -€8,200 | €6,677 | +€14,877 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,200 | €6,677 | +€14,877 |
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 29 September 2026 via checked.be.