BlackWitch: 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.
BlackWitch
Largest movements
- Stocks and contracts +€22,670
up €22,670 (+9.3%), from €243,865 to €266,535
- Debts after one year +€33,066
up €33,066 (+12.7%), from €261,253 to €294,319
of which Other amounts payable: +€35,500
- Profit (loss) carried forward -€24,895
down €24,895 (-125.7%), from -€19,800 to -€44,695
- Trade debts +€14,279
up €14,279 (+104.2%), from €13,703 to €27,982
- Gross operating margin +€1,416
up €1,416 (+9.6%), from -€14,802 to -€13,386
- Other operating charges +€872
up €872 (+62.8%), from €1,388 to €2,260
- Depreciation +€820
up €820 (+15.2%), from €5,388 to €6,208
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 | €275,780 | €299,011 | +€23,231 | +8.4% |
| Fixed assets | 21/28 | €20,095 | €19,396 | -€699 | -3.5% |
| Tangible fixed assets | 22/27 | €14,545 | €13,846 | -€699 | -4.8% |
| Plant, machinery and equipment | 23 | €6,734 | €8,877 | +€2,143 | +31.8% |
| Furniture and vehicles | 24 | €6,384 | €4,256 | -€2,128 | -33.3% |
| Other tangible fixed assets | 26 | €1,427 | €713 | -€714 | -50.0% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €255,685 | €279,615 | +€23,930 | +9.4% |
| Stocks and contracts in progress | 3 | €243,865 | €266,535 | +€22,670 | +9.3% |
| Stocks | 30/36 | €243,865 | €266,535 | +€22,670 | +9.3% |
| Amounts receivable within one year | 40/41 | €11,820 | €11,820 | = | 0.0% |
| Trade receivables | 40 | €11,820 | €11,820 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €1,260 | +€1,260 | |
| Total equity and liabilities | 10/49 | €275,780 | €299,011 | +€23,231 | +8.4% |
| Equity | 10/15 | -€18,800 | -€43,695 | -€24,895 | -132.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,800 | -€44,695 | -€24,895 | -125.7% |
| Amounts payable | 17/49 | €294,580 | €342,706 | +€48,126 | +16.3% |
| Amounts payable after more than one year | 17 | €261,253 | €294,319 | +€33,066 | +12.7% |
| Financial debts | 170/4 | €3,503 | €1,069 | -€2,434 | -69.5% |
| Other amounts payable | 178/9 | €257,750 | €293,250 | +€35,500 | +13.8% |
| Amounts payable within one year | 42/48 | €33,264 | €48,387 | +€15,123 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €2,257 | €2,433 | +€176 | +7.8% |
| Financial debts | 43 | €728 | - | -€728 | |
| Credit institutions | 430/8 | €728 | - | -€728 | |
| Trade debts | 44 | €13,703 | €27,982 | +€14,279 | +104.2% |
| Suppliers | 440/4 | €13,703 | €27,982 | +€14,279 | +104.2% |
| Taxes, remuneration and social security | 45 | €4,222 | €2,786 | -€1,436 | -34.0% |
| Taxes | 450/3 | €4,222 | €2,786 | -€1,436 | -34.0% |
| Other amounts payable | 47/48 | €12,354 | €15,186 | +€2,832 | +22.9% |
| Accrued charges and deferred income | 492/3 | €63 | - | -€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,388 | €6,208 | +€820 | +15.2% |
| Other operating charges | 640/8 | €1,388 | €2,260 | +€872 | +62.8% |
| Gross operating margin | 9900 | -€14,802 | -€13,386 | +€1,416 | +9.6% |
| Operating profit (loss) | 9901 | -€21,578 | -€21,854 | -€276 | -1.3% |
| Financial income | 75/76B | - | €124 | +€124 | |
| Recurring financial income | 75 | - | €124 | +€124 | |
| Financial charges | 65/66B | €3,070 | €3,165 | +€95 | +3.1% |
| Recurring financial charges | 65 | €2,448 | €3,045 | +€597 | +24.4% |
| Non-recurring financial charges | 66B | €622 | €120 | -€502 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,648 | -€24,895 | -€247 | -1.0% |
| Profit (loss) for the period | 9904 | -€24,648 | -€24,895 | -€247 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,648 | -€24,895 | -€247 | -1.0% |
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.