Black Docks: 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.
Black Docks
Largest movements
- Receivables within one year +€73,152
up €73,152 (+18.8%), from €388,943 to €462,095
of which Other amounts receivable: +€72,309
- Tangible fixed assets -€45,846
down €45,846 (-10.7%), from €426,495 to €380,649
of which Other tangible fixed assets: -€23,620
- Cash +€26,976
up €26,976 (+22.8%), from €118,204 to €145,180
mainly Depreciation (+€94,751) and Trade debts (+€32,187)
- Intangible fixed assets -€22,500
down €22,500 (-49.7%), from €45,233 to €22,733
- Trade debts +€32,187
up €32,187 (+5.7%), from €561,887 to €594,074
- Profit (loss) carried forward +€30,580
up €30,580 (+12.3%), from €248,032 to €278,613
- Tax, wage and social debts -€22,654
down €22,654 (-15.5%), from €145,969 to €123,315
of which Taxes: -€15,427
- Gross operating margin -€82,131
down €82,131 (-11.0%), from €745,962 to €663,831
- Staff costs +€56,459
up €56,459 (+17.4%), from €324,783 to €381,242
- Financial charges +€32,184
up €32,184 (+36.5%), from €88,247 to €120,431
- Other operating charges -€21,622
down €21,622 (-79.9%), from €27,073 to €5,451
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.
Derived cash bridge
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 | €1,040,040 | €1,070,773 | +€30,733 | +3.0% |
| Fixed assets | 21/28 | €485,610 | €417,265 | -€68,346 | -14.1% |
| Intangible fixed assets | 21 | €45,233 | €22,733 | -€22,500 | -49.7% |
| Tangible fixed assets | 22/27 | €426,495 | €380,649 | -€45,846 | -10.7% |
| Plant, machinery and equipment | 23 | €85,031 | €75,531 | -€9,500 | -11.2% |
| Furniture and vehicles | 24 | €49,484 | €36,759 | -€12,725 | -25.7% |
| Other tangible fixed assets | 26 | €291,979 | €268,359 | -€23,620 | -8.1% |
| Financial fixed assets | 28 | €13,883 | €13,883 | = | 0.0% |
| Current assets | 29/58 | €554,430 | €653,508 | +€99,078 | +17.9% |
| Stocks and contracts in progress | 3 | €18,548 | €17,083 | -€1,465 | -7.9% |
| Stocks | 30/36 | €18,548 | €17,083 | -€1,465 | -7.9% |
| Amounts receivable within one year | 40/41 | €388,943 | €462,095 | +€73,152 | +18.8% |
| Trade receivables | 40 | €0 | €843 | +€843 | |
| Other amounts receivable | 41 | €388,943 | €461,252 | +€72,309 | +18.6% |
| Cash at bank and in hand | 54/58 | €118,204 | €145,180 | +€26,976 | +22.8% |
| Deferred charges and accrued income | 490/1 | €28,735 | €29,151 | +€416 | +1.4% |
| Total equity and liabilities | 10/49 | €1,040,040 | €1,070,773 | +€30,733 | +3.0% |
| Equity | 10/15 | €327,744 | €353,384 | +€25,640 | +7.8% |
| Profit (loss) carried forward | 14 | €248,032 | €278,613 | +€30,580 | +12.3% |
| Investment grants | 15 | €79,712 | €74,772 | -€4,940 | -6.2% |
| Amounts payable | 17/49 | €712,295 | €717,389 | +€5,093 | +0.7% |
| Amounts payable within one year | 42/48 | €712,295 | €717,389 | +€5,093 | +0.7% |
| Trade debts | 44 | €561,887 | €594,074 | +€32,187 | +5.7% |
| Suppliers | 440/4 | €561,887 | €594,074 | +€32,187 | +5.7% |
| Taxes, remuneration and social security | 45 | €145,969 | €123,315 | -€22,654 | -15.5% |
| Taxes | 450/3 | €98,767 | €83,339 | -€15,427 | -15.6% |
| Remuneration and social security | 454/9 | €47,203 | €39,976 | -€7,227 | -15.3% |
| Other amounts payable | 47/48 | €4,440 | €0 | -€4,440 | -100% |
| Remuneration, social security and pensions | 62 | €324,783 | €381,242 | +€56,459 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,738 | €94,751 | +€4,014 | +4.4% |
| Other operating charges | 640/8 | €27,073 | €5,451 | -€21,622 | -79.9% |
| Gross operating margin | 9900 | €745,962 | €663,831 | -€82,131 | -11.0% |
| Operating profit (loss) | 9901 | €303,369 | €182,388 | -€120,982 | -39.9% |
| Financial income | 75/76B | €10,958 | €15,120 | +€4,162 | +38.0% |
| Recurring financial income | 75 | €10,958 | €15,120 | +€4,162 | +38.0% |
| Financial charges | 65/66B | €88,247 | €120,431 | +€32,184 | +36.5% |
| Recurring financial charges | 65 | €88,247 | €120,431 | +€32,184 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €226,080 | €77,076 | -€149,003 | -65.9% |
| Income taxes | 67/77 | €50,801 | €46,496 | -€4,305 | -8.5% |
| Profit (loss) for the period | 9904 | €175,278 | €30,580 | -€144,698 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €175,278 | €30,580 | -€144,698 | -82.6% |
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 31 October 2026 via checked.be.