DE BLACKT: 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.
DE BLACKT
Largest movements
- Current investments +€879,137
up €879,137 (+15.6%), from €5.6m to €6.5m
- Tangible fixed assets -€344,127
down €344,127 (-11.8%), from €2.9m to €2.6m
of which Plant, machinery and equipment: -€259,429
- Other debts +€501,323
up €501,323 (+43.3%), from €1.2m to €1.7m
- Reserves +€227,762
up €227,762 (+3.5%), from €6.6m to €6.8m
- Debts after one year -€224,210
down €224,210 (-24.4%), from €918,369 to €694,159
of which Financial debts: -€225,000
- Gross operating margin -€209,230
down €209,230 (-11.3%), from €1.9m to €1.6m
- Financial income +€79,972
up €79,972 (+23.8%), from €336,421 to €416,393
- Staff costs -€40,090
down €40,090 (-9.6%), from €416,250 to €376,159
- Financial charges +€31,524
up €31,524 (+17.3%), from €182,393 to €213,917
of which Non-recurring financial charges: +€53,262
- Taxes -€24,430
down €24,430 (-6.7%), from €363,714 to €339,284
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 | €9,621,915 | €10,039,856 | +€417,940 | +4.3% |
| Fixed assets | 21/28 | €2,929,115 | €2,584,988 | -€344,127 | -11.7% |
| Tangible fixed assets | 22/27 | €2,924,685 | €2,580,558 | -€344,127 | -11.8% |
| Land and buildings | 22 | €1,500,207 | €1,357,408 | -€142,799 | -9.5% |
| Plant, machinery and equipment | 23 | €1,420,868 | €1,161,438 | -€259,429 | -18.3% |
| Furniture and vehicles | 24 | €3,610 | €61,711 | +€58,101 | +1609.6% |
| Financial fixed assets | 28 | €4,431 | €4,431 | = | 0.0% |
| Current assets | 29/58 | €6,692,800 | €7,454,867 | +€762,067 | +11.4% |
| Stocks and contracts in progress | 3 | €99,064 | €102,381 | +€3,317 | +3.3% |
| Stocks | 30/36 | €99,064 | €102,381 | +€3,317 | +3.3% |
| Amounts receivable within one year | 40/41 | €209,914 | €124,891 | -€85,023 | -40.5% |
| Trade receivables | 40 | €173,750 | €72,541 | -€101,210 | -58.3% |
| Other amounts receivable | 41 | €36,164 | €52,351 | +€16,187 | +44.8% |
| Current investments | 50/53 | €5,629,888 | €6,509,025 | +€879,137 | +15.6% |
| Cash at bank and in hand | 54/58 | €753,934 | €718,570 | -€35,363 | -4.7% |
| Total equity and liabilities | 10/49 | €9,621,915 | €10,039,856 | +€417,940 | +4.3% |
| Equity | 10/15 | €6,725,986 | €6,926,222 | +€200,235 | +3.0% |
| Contributions | 10/11 | €79,080 | €79,080 | = | 0.0% |
| Reserves | 13 | €6,589,073 | €6,816,835 | +€227,762 | +3.5% |
| Distributable reserves | 133 | €6,589,073 | €6,816,835 | +€227,762 | +3.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €57,834 | €30,307 | -€27,527 | -47.6% |
| Provisions and deferred taxes | 16 | €3,044 | €1,595 | -€1,449 | -47.6% |
| Deferred taxes | 168 | €3,044 | €1,595 | -€1,449 | -47.6% |
| Amounts payable | 17/49 | €2,892,885 | €3,112,039 | +€219,154 | +7.6% |
| Amounts payable after more than one year | 17 | €918,369 | €694,159 | -€224,210 | -24.4% |
| Financial debts | 170/4 | €900,000 | €675,000 | -€225,000 | -25.0% |
| Other amounts payable | 178/9 | €18,369 | €19,159 | +€790 | +4.3% |
| Amounts payable within one year | 42/48 | €1,958,025 | €2,403,544 | +€445,518 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €225,000 | €225,000 | = | 0.0% |
| Trade debts | 44 | €375,511 | €401,843 | +€26,333 | +7.0% |
| Suppliers | 440/4 | €375,511 | €401,843 | +€26,333 | +7.0% |
| Taxes, remuneration and social security | 45 | €198,609 | €116,472 | -€82,137 | -41.4% |
| Taxes | 450/3 | €143,353 | €69,726 | -€73,626 | -51.4% |
| Remuneration and social security | 454/9 | €55,257 | €46,746 | -€8,511 | -15.4% |
| Other amounts payable | 47/48 | €1,158,905 | €1,660,228 | +€501,323 | +43.3% |
| Accrued charges and deferred income | 492/3 | €16,491 | €14,336 | -€2,155 | -13.1% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €416,250 | €376,159 | -€40,090 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406,889 | €407,627 | +€738 | +0.2% |
| Other operating charges | 640/8 | €22,004 | €22,319 | +€315 | +1.4% |
| Gross operating margin | 9900 | €1,855,480 | €1,646,251 | -€209,230 | -11.3% |
| Operating profit (loss) | 9901 | €1,010,338 | €840,145 | -€170,192 | -16.8% |
| Financial income | 75/76B | €336,421 | €416,393 | +€79,972 | +23.8% |
| Recurring financial income | 75 | €336,421 | €416,393 | +€79,972 | +23.8% |
| Financial charges | 65/66B | €182,393 | €213,917 | +€31,524 | +17.3% |
| Recurring financial charges | 65 | €182,393 | €160,656 | -€21,738 | -11.9% |
| Non-recurring financial charges | 66B | - | €53,262 | +€53,262 | |
| Profit (loss) for the period before taxes | 9903 | €1,164,365 | €1,042,621 | -€121,744 | -10.5% |
| Transfer from deferred taxes | 780 | €1,449 | €1,449 | = | 0.0% |
| Income taxes | 67/77 | €363,714 | €339,284 | -€24,430 | -6.7% |
| Profit (loss) for the period | 9904 | €802,100 | €704,786 | -€97,314 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €802,100 | €704,786 | -€97,314 | -12.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.