Deep Black: 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.
Deep Black
Largest movements
- Receivables within one year +€96,769
up €96,769 (+97011.9%), from €100 to €96,869
of which Other amounts receivable: +€65,000
- Cash -€49,155
down €49,155 (-45.0%), from €109,239 to €60,084
mainly Receivables within one year (-€96,769) and Other debts (-€7,650)
- Tangible fixed assets -€3,298
down €3,298 (-20.7%), from €15,937 to €12,640
- Trade debts +€42,169
up €42,169 (+91.4%), from €46,124 to €88,293
- Tax, wage and social debts +€9,498
up €9,498 (+16.7%), from €56,748 to €66,245
of which Remuneration and social security: +€10,886
- Other debts -€7,650
no longer reported in 2025 (was €7,650)
- Profit (loss) carried forward +€1,764
up €1,764 (+15.9%), from €11,084 to €12,849
- Staff costs +€80,758
up €80,758 (+107.1%), from €75,422 to €156,179
- Gross operating margin +€62,002
up €62,002 (+58.6%), from €105,786 to €167,788
- Depreciation +€2,747
up €2,747 (+498.4%), from €551 to €3,298
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 | €125,606 | €171,387 | +€45,781 | +36.4% |
| Fixed assets | 21/28 | €15,937 | €12,640 | -€3,298 | -20.7% |
| Tangible fixed assets | 22/27 | €15,937 | €12,640 | -€3,298 | -20.7% |
| Plant, machinery and equipment | 23 | €15,937 | €12,640 | -€3,298 | -20.7% |
| Current assets | 29/58 | €109,669 | €158,747 | +€49,078 | +44.8% |
| Amounts receivable within one year | 40/41 | €100 | €96,869 | +€96,769 | +97011.9% |
| Trade receivables | 40 | - | €31,769 | +€31,769 | |
| Other amounts receivable | 41 | €100 | €65,100 | +€65,000 | +65162.9% |
| Cash at bank and in hand | 54/58 | €109,239 | €60,084 | -€49,155 | -45.0% |
| Deferred charges and accrued income | 490/1 | €330 | €1,794 | +€1,464 | +443.9% |
| Total equity and liabilities | 10/49 | €125,606 | €171,387 | +€45,781 | +36.4% |
| Equity | 10/15 | €15,084 | €16,849 | +€1,764 | +11.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,084 | €12,849 | +€1,764 | +15.9% |
| Amounts payable | 17/49 | €110,522 | €154,538 | +€44,016 | +39.8% |
| Amounts payable within one year | 42/48 | €110,522 | €154,538 | +€44,016 | +39.8% |
| Trade debts | 44 | €46,124 | €88,293 | +€42,169 | +91.4% |
| Suppliers | 440/4 | €46,124 | €88,293 | +€42,169 | +91.4% |
| Taxes, remuneration and social security | 45 | €56,748 | €66,245 | +€9,498 | +16.7% |
| Taxes | 450/3 | €36,867 | €35,479 | -€1,388 | -3.8% |
| Remuneration and social security | 454/9 | €19,881 | €30,767 | +€10,886 | +54.8% |
| Other amounts payable | 47/48 | €7,650 | - | -€7,650 | |
| Remuneration, social security and pensions | 62 | €75,422 | €156,179 | +€80,758 | +107.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €551 | €3,298 | +€2,747 | +498.4% |
| Other operating charges | 640/8 | €1,384 | €1,548 | +€163 | +11.8% |
| Gross operating margin | 9900 | €105,786 | €167,788 | +€62,002 | +58.6% |
| Operating profit (loss) | 9901 | €28,429 | €6,763 | -€21,666 | -76.2% |
| Financial charges | 65/66B | €1,588 | €3,223 | +€1,634 | +102.9% |
| Recurring financial charges | 65 | €1,588 | €3,223 | +€1,634 | +102.9% |
| Profit (loss) for the period before taxes | 9903 | €26,840 | €3,540 | -€23,300 | -86.8% |
| Income taxes | 67/77 | €2,600 | €1,776 | -€824 | -31.7% |
| Profit (loss) for the period | 9904 | €24,240 | €1,764 | -€22,476 | -92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,240 | €1,764 | -€22,476 | -92.7% |
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 6 October 2026 via checked.be.