2B
Annual accounts 2025
micro format, filed on 27-08-2026, 27 days late€322,044
▲ 12.3%
€235,074
▲ 13.7%
€2.2m
▲ 21×
€1.5m
▲ 94.9%
59.9%
▲ 18.5 percentage points
1.56
▲ 0.26
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €620,000. Estimated: probably between €430,000 and €810,000.
Balance sheet
balance sheet total €6.6m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
59.9%
Higher than 56% of 8,611 companies in 2025.
1.56
Higher than 40% of 8,288 companies in 2025.
32.5%
Higher than 79% of 8,397 companies in 2025.
2B
Middle half of the sector
80% of the sector
Micro accounts in advertising and market research (NACE 73)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
€79,389
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
6.6m | 4.4m | 3.4m | 3.4m | 2.1m | 1.9m | 2.3m | 2.9m | 2.9m | 3.0m | 3.3m | 3.3m | 3.6m | 2.3m | 2.3m | 1.8m | 1.5m | 945,156 | 668,167 | 689,605 | |
21/28 |
2.5m | 1.1m | 1.1m | 15,200 | 15,200 | 15,200 | 15,200 | 15,352 | 18,554 | 42,823 | 61,052 | 71,322 | 108,150 | 45,196 | 131,324 | 381,487 | 389,938 | 181,062 | 183,377 | 172,696 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 97,500 | 337,500 | 337,500 | 150,000 | 150,000 | 150,000 | |
22/27 |
10,978 | 6,230 | - | - | - | - | - | 152 | 304 | 10,045 | 20,091 | 30,361 | 41,662 | 2,391 | 922 | 777 | 9,228 | 4,352 | 11,377 | 22,696 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,181 | 1,029 | - | - | |
24 |
10,978 | 6,230 | - | - | - | - | - | 152 | 304 | 10,045 | 20,091 | 30,361 | 41,662 | 2,391 | 922 | 777 | 2,047 | 3,323 | 11,377 | 22,696 | |
28 |
2.5m | 1.1m | 1.1m | 15,200 | 15,200 | 15,200 | 15,200 | 15,200 | 18,249 | 32,777 | 40,961 | 40,961 | 66,488 | 42,805 | 32,902 | 43,210 | 43,210 | 26,710 | 22,000 | - | |
29/58 |
4.1m | 3.3m | 2.3m | 3.3m | 2.1m | 1.9m | 2.3m | 2.9m | 2.9m | 2.9m | 3.2m | 3.3m | 3.5m | 2.3m | 2.2m | 1.4m | 1.1m | 764,094 | 484,790 | 516,909 | |
29 |
- | - | - | 552,500 | 1.4m | 1.6m | 2.1m | 2.8m | 2.8m | 2.6m | 2.9m | 3.0m | 2.8m | 1.3m | 884,000 | 686,489 | 289,717 | 155,000 | 65,000 | 165,000 | |
291 |
- | - | - | 552,500 | 1.4m | 1.6m | 2.1m | 2.8m | 2.8m | 2.6m | 2.9m | 3.0m | 2.8m | 1.3m | 884,000 | 686,489 | 289,717 | 155,000 | 65,000 | 165,000 | |
40/41 |
3.9m | 3.2m | 2.3m | 2.6m | 604,056 | 78,296 | 68,854 | 38,738 | 45,070 | 44,891 | 97,461 | 107,328 | 304,500 | 163,747 | 370,550 | 184,415 | 579,708 | 450,184 | 298,277 | 187,477 | |
40 |
76,510 | 97,647 | 143,732 | 79,739 | 74,056 | 38,296 | 63,854 | 38,738 | 45,070 | 44,891 | 97,461 | 87,541 | 249,870 | 45,246 | 316,253 | 153,770 | 167,950 | 180,183 | 212,623 | 126,095 | |
41 |
3.8m | 3.1m | 2.2m | 2.6m | 530,000 | 40,000 | 5,000 | - | - | - | - | 19,787 | 54,630 | 118,501 | 54,297 | 30,645 | 411,758 | 270,001 | 85,654 | 61,382 | |
50/53 |
- | - | - | - | - | - | - | - | - | 39,600 | 39,600 | 39,600 | 39,600 | 39,600 | - | - | - | - | - | - | |
54/58 |
3,559 | 1,367 | 4,089 | 17,809 | 87,023 | 246,804 | 63,752 | 42,542 | 31,001 | 204,902 | 126,548 | 54,363 | 360,882 | 758,466 | 935,758 | 521,408 | 212,166 | 156,046 | 117,011 | 159,930 | |
490/1 |
250,847 | 109,456 | 2,476 | 140,907 | 40,332 | 1,332 | 1,332 | 1,949 | - | 570 | 66,497 | 18,427 | 1,599 | 2,714 | 2,993 | 2,992 | 2,995 | 2,864 | 4,502 | 4,502 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
6.6m | 4.4m | 3.4m | 3.4m | 2.1m | 1.9m | 2.3m | 2.9m | 2.9m | 3.0m | 3.3m | 3.3m | 3.6m | 2.3m | 2.3m | 1.8m | 1.5m | 945,156 | 668,167 | 689,605 | |
10/15 |
4.0m | 1.8m | 1.7m | 1.1m | 658,251 | 471,148 | 728,744 | 1.3m | 1.3m | 1.5m | 1.8m | 1.8m | 2.1m | 2.1m | 1.7m | 1.6m | 1.2m | 844,692 | 614,412 | 464,623 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
4.0m | 1.8m | 1.7m | 1.0m | 639,659 | 452,556 | 710,152 | 1.3m | 2.1m | 2.1m | 2.1m | 2.1m | 2.1m | 2.0m | 1.7m | 1.6m | 1.2m | 826,100 | 610,038 | 610,038 | |
130/1 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | 99,000 | 99,000 | 99,000 | 99,000 | 99,000 | 99,000 | 99,000 | 468,750 | 468,750 | 468,750 | 375,000 | 375,000 | 375,000 | |
133 |
4.0m | 1.8m | 1.7m | 1.0m | 637,800 | 450,696 | 708,293 | 1.2m | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | 1.9m | 1.3m | 1.1m | 716,384 | 449,241 | 233,179 | 233,179 | |
14 |
- | - | - | - | - | - | - | - | -784,654 | -640,841 | -312,879 | -260,949 | - | - | - | - | - | - | -14,218 | -164,007 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 314,000 | - | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 314,000 | - | - | - | - | - | |
17/49 |
2.7m | 2.6m | 1.7m | 2.3m | 1.4m | 1.4m | 1.6m | 1.6m | 1.6m | 1.5m | 1.5m | 1.5m | 1.5m | 292,637 | 271,312 | 160,796 | 268,939 | 100,464 | 53,755 | 224,982 | |
17 |
- | - | 64,286 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
- | - | 64,286 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
2.7m | 2.6m | 1.6m | 2.3m | 1.4m | 1.4m | 1.6m | 1.6m | 1.6m | 1.5m | 1.5m | 1.5m | 1.5m | 292,637 | 271,312 | 160,796 | 268,934 | 100,425 | 53,099 | 224,119 | |
42 |
1.4m | 1.5m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 105,000 | 105,000 | 105,000 | 15,000 | 15,000 | 6,250 | 18,750 | |
43 |
- | - | - | - | - | - | - | - | - | - | 45,041 | 20,609 | 15,884 | 11,159 | 6,434 | 2,819 | 765 | - | - | - | |
439 |
- | - | - | - | - | - | - | - | - | - | 45,041 | 20,609 | 15,884 | 11,159 | 6,434 | 2,819 | 765 | - | - | - | |
44 |
77,717 | 7,372 | 43,028 | 71,197 | 4,005 | 9,940 | 8,756 | 6,449 | 6,017 | 8,127 | 8,247 | 10,703 | 4,766 | 4,158 | 27 | 3,088 | 18,970 | 4,354 | 3,806 | 5,089 | |
440/4 |
77,717 | 7,372 | 43,028 | 71,197 | 4,005 | 9,940 | 8,756 | 6,449 | 6,017 | 8,127 | 8,247 | 10,703 | 4,766 | 4,158 | 27 | 3,088 | 18,970 | 4,354 | 3,806 | 5,089 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 11,575 | - | - | - | - | - | - | |
45 |
118,693 | 59,380 | 24,106 | 14,345 | 25,323 | 1,899 | 15,829 | 18,110 | 5,775 | 13,591 | 10,094 | 47,977 | 3,244 | 65,687 | 126,552 | 24,889 | 43,525 | 78,200 | 41,551 | 49,970 | |
450/3 |
103,926 | 49,406 | 22,673 | 14,345 | 25,323 | 1,899 | 1,899 | 715 | 5,775 | 10,283 | 10,094 | 47,977 | 3,244 | 63,937 | 121,302 | 24,889 | 40,025 | 78,200 | 38,051 | 45,612 | |
454/9 |
14,768 | 9,973 | 1,433 | - | - | - | 13,929 | 17,395 | - | 3,308 | - | - | - | 1,750 | 5,250 | - | 3,500 | - | 3,500 | 4,358 | |
47/48 |
1.1m | 987,833 | 96,040 | 835,687 | 28,474 | 30,788 | 145,301 | 235,645 | 219,065 | 86,677 | 24,037 | - | 29,180 | 95,058 | 33,299 | 25,000 | 190,674 | 2,871 | 1,492 | 150,310 | |
492/3 |
1,000 | 28,400 | - | - | - | - | - | - | - | - | 8 | 90 | 533 | - | - | - | 5 | 39 | 656 | 863 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | 10,600 | - | - | 15,064 | 10,122 | 50,000 | - | 315,200 | - | - | - | - | - | - | |
9900 |
322,044 | 286,742 | 795,350 | 365,939 | 147,339 | -19,189 | -62,274 | -72,130 | -160,748 | -328,614 | -186,346 | -175,785 | -32,582 | 28,983 | 757,188 | 513,471 | 418,174 | 288,472 | 193,677 | 267,789 | |
62 |
79,389 | 76,041 | 11,044 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
7,437 | 3,770 | - | - | - | - | 152 | 152 | 10,196 | 10,045 | 10,271 | 11,301 | 11,631 | 1,621 | 845 | 2,569 | 5,886 | 13,185 | 11,319 | 11,684 | |
640/8 |
144 | 141 | 132 | 122 | 120 | 119 | 133 | 130 | 14,925 | 125 | 125 | 190,124 | 2,275 | 2,030 | 2,577 | 2,048 | 2,027 | 3,437 | 1,163 | 1,331 | |
66A |
- | - | - | - | - | 282,320 | 600,000 | - | - | - | - | 20,000 | - | 187,500 | - | 5,667 | - | - | - | - | |
9901 |
235,074 | 206,790 | 784,174 | 365,817 | 147,219 | -301,628 | -662,558 | -72,411 | -185,869 | -338,784 | -196,741 | -377,209 | -46,488 | 25,332 | 753,766 | 508,854 | 410,261 | 271,850 | 181,195 | 254,774 | |
75/76B |
2.1m | 57,219 | 10,004 | 39,030 | 44,351 | 44,658 | 92,558 | 62,240 | 90,992 | 17,455 | 151,955 | 145,544 | 220,260 | 164,790 | 26,448 | 10,838 | 40,840 | 7,690 | 8,287 | 11,739 | |
75 |
2.1m | 57,219 | 10,004 | 39,030 | 44,351 | 44,658 | 92,558 | 62,240 | 90,992 | 17,455 | 141,833 | 95,544 | 220,260 | 164,790 | 26,448 | 10,838 | 40,840 | 7,690 | 8,287 | 11,739 | |
76B |
- | - | - | - | - | - | - | - | - | - | 10,122 | 50,000 | - | - | - | - | - | - | - | - | |
65/66B |
136,417 | 130,362 | 67,436 | 4,185 | 4,206 | 31 | 24 | 6,740 | 48,809 | 6,381 | 6,665 | 28,562 | 7,067 | 6,467 | 6,566 | 3,649 | 947 | 319 | 1,204 | 733 | |
65 |
136,417 | 130,362 | 67,436 | 4,185 | 4,206 | 31 | 24 | 6,740 | 46,895 | 6,381 | 6,665 | 8,562 | 7,067 | 6,467 | 6,566 | 3,649 | 947 | 319 | 1,204 | 733 | |
66B |
- | - | - | - | - | - | - | - | 1,914 | - | - | 20,000 | - | - | - | - | - | - | - | - | |
9903 |
2.2m | 133,647 | 726,742 | 400,662 | 187,364 | -257,001 | -570,024 | -16,911 | -143,686 | -327,710 | -51,451 | -260,227 | 166,705 | 311,355 | 773,648 | 510,376 | 450,154 | 279,221 | 188,278 | 265,780 | |
67/77 |
76,635 | 33,166 | 61,665 | -107 | 260 | 596 | 751 | 979 | 127 | 252 | 479 | 722 | 115,292 | 17 | 133,033 | 99,966 | 89,261 | 48,941 | 38,489 | 54,787 | |
9904 |
2.2m | 100,481 | 665,077 | 400,770 | 187,104 | -257,597 | -570,775 | -17,890 | -143,813 | -327,962 | -51,930 | -260,949 | 51,413 | 311,338 | 640,615 | 410,410 | 360,893 | 230,280 | 149,789 | 210,993 | |
789 |
- | - | - | - | - | - | 99,000 | - | - | - | - | - | - | 37,500 | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 99,000 | - | - | 468,750 | - | - | 375,000 | |
9905 |
2.2m | 100,481 | 665,077 | 400,770 | 187,104 | -257,597 | -471,775 | -17,890 | -143,813 | -327,962 | -51,930 | -260,949 | 51,413 | 249,838 | 640,615 | 410,410 | -107,857 | 230,280 | 149,789 | -164,007 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
2.2m | 100,481 | 665,077 | 400,770 | 187,104 | -257,597 | -471,775 | -802,544 | -784,654 | -640,841 | -312,879 | -260,949 | 51,413 | 249,838 | 640,615 | 410,410 | -107,857 | 216,062 | -14,218 | -164,007 | |
791/2 |
- | - | - | - | - | 257,597 | 570,775 | 802,544 | - | - | - | - | - | - | - | - | 107,857 | - | - | - | |
691/2 |
2.2m | 100,481 | 665,077 | 400,770 | 187,104 | - | 99,000 | - | - | - | - | - | 51,413 | 249,838 | 640,615 | 410,410 | - | 216,062 | - | - | |
6921 |
2.2m | 100,481 | 665,077 | 400,770 | 187,104 | - | 99,000 | - | - | - | - | - | 51,413 | 249,838 | 640,615 | 410,410 | - | 216,062 | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
1 | 1 | 0.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
1,752 | 1,779 | 292 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00432902.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00432902 | |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00117770 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00237817 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00351461 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20076615 | |
| 31-12-2020 | micro format | 14-10-2021 | 2021-72200546 | |
| 31-12-2019 | micro format | 14-09-2020 | 2020-53800075 | |
| 31-12-2018 | micro format | 03-12-2019 | 2019-75200058 | |
| 31-12-2017 | micro format | 27-09-2018 | 2018-66500456 | |
| 31-12-2016 | abbreviated format | 04-05-2018 | 2018-12200169 | |
| 31-12-2015 | abbreviated format | 04-05-2018 | 2018-12200093 | |
| 31-12-2014 | abbreviated format | 04-05-2018 | 2018-12200166 | |
| 31-12-2013 | abbreviated format | 14-09-2016 | 2016-59700198 | |
| 31-12-2012 | abbreviated format | 18-02-2014 | 2014-04200188 | |
| 31-12-2011 | abbreviated format | 05-09-2013 | 2013-57500319 | |
| 31-12-2010 | abbreviated format | 12-05-2011 | 2011-11100252 | |
| 31-12-2009 | abbreviated format | 13-08-2010 | 2010-41300347 | |
| 31-12-2008 | abbreviated format | 19-11-2009 | 2009-85600071 | |
| 31-12-2007 | abbreviated format | 28-08-2008 | 2008-68300312 | |
| 31-12-2006 | abbreviated format | 22-08-2007 | 2007-59800120 | |
| 31-12-2005 | abbreviated format | 07-07-2006 | 2006-43400187 | |
| 31-12-2004 | abbreviated format | 27-05-2005 | 2005-17804452 | |
| 31-12-2003 | abbreviated format | 23-09-2004 | 2004-66300269 | |
| 31-12-2002 | abbreviated format | 22-04-2003 | 2003-11503284 | |
| 31-12-2001 | abbreviated format | 22-11-2002 | 2002-73200645 | |
| 31-12-2000 | abbreviated format | 12-10-2001 | 2001-64102680 | |
| 31-12-1999 | abbreviated format | 10-08-2000 | 2000-50802035 | |
| 31-12-1998 | abbreviated format | 22-09-1999 | 1999-48301116 | |
| 31-12-1997 | abbreviated format | 30-09-1998 | 1998-50302293 | |
| 31-12-1996 | abbreviated format | 25-07-1997 | 1997-33702053 | |
| 31-12-1995 | abbreviated format | 05-07-1996 | 1996-28400252 |
Subsidies and aid
Flemish government 2025, 1 entry, €220 awarded, €220 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 242,511 | 210,561 | - | - | - | - | -662,407 | -72,260 | -175,672 | -328,739 | -186,470 | -365,909 | -34,857 | 26,953 | 754,611 | 511,423 | 416,147 | 285,035 | 192,514 | 266,458 | ||
| 2.2m | 104,251 | - | - | - | - | -570,624 | -17,739 | -133,617 | -317,916 | -41,660 | -249,648 | 63,044 | 312,959 | 641,460 | 412,979 | 366,779 | 243,465 | 161,108 | 222,677 | ||
| 12,186 | 34,460 | 1.0m | - | - | - | 0 | -3,050 | 455 | -8,183 | 0 | -25,527 | 74,585 | 12,993 | 990 | 784 | 214,762 | 10,870 | 22,000 | 165,861 | ||
| 2,192 | -2,722 | -13,720 | -69,214 | -159,782 | 183,053 | 21,210 | 11,541 | -173,901 | 78,354 | 72,186 | -306,519 | -397,584 | -177,292 | 414,350 | 309,242 | 56,120 | 39,035 | -42,919 | - | ||
| 1.5m | 759,774 | 725,868 | 1.0m | 643,051 | 455,948 | 713,544 | 1.3m | 1.3m | 1.4m | 1.7m | 1.8m | 2.0m | 2.0m | 1.9m | 1.2m | 815,652 | 663,669 | 431,691 | 292,790 | ||
| 59.9% | 41.4% | 50.7% | 31.5% | 31.4% | 24.8% | 31.9% | 44.2% | 44.9% | 49.5% | 54.4% | 55.2% | 58.9% | 87.5% | 74.8% | 91.0% | 81.8% | 89.4% | 92.0% | 67.4% | ||
| 1.56 | 1.30 | 1.45 | 1.45 | 1.45 | 1.32 | 1.46 | 1.78 | 1.80 | 1.95 | 2.15 | 2.19 | 2.36 | 7.85 | 8.08 | 8.68 | 4.03 | 7.61 | 9.13 | 2.31 | ||
| 0.67 | 1.41 | 0.97 | 2.18 | 2.19 | 3.03 | 2.13 | 1.26 | 1.23 | 1.02 | 0.84 | 0.81 | 0.70 | 0.14 | 0.16 | 0.10 | 0.22 | 0.12 | 0.09 | 0.48 | ||
| 54.2% | 5.5% | 38.6% | 37.8% | 28.4% | -54.7% | -78.3% | -1.4% | -10.9% | -22.4% | -2.9% | -14.2% | 2.4% | 15.2% | 36.8% | 25.4% | 29.9% | 27.3% | 24.4% | 45.4% | ||
| 32.5% | 2.3% | 19.6% | 11.9% | 8.9% | -13.6% | -25.0% | -0.6% | -4.9% | -11.1% | -1.6% | -7.8% | 1.4% | 13.3% | 27.6% | 23.1% | 24.5% | 24.4% | 22.4% | 30.6% | ||
| 1.78 | 1.62 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | - | 1 |
| full-time | 1 | - | 1 |
| in full-time equivalents | 1 | - | 1 |
| 1 | 1 | 0.3 | |
| On a permanent contract | 1 | - | 1 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12,186 | €10,000 | - | - | - |
| Financial fixed assets | - | €24,460 | €1.0m | - | - |
| €7,437 | €3,770 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on 2B
The operating result for 2025 is 14% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 58.6% to 40.1%. Equity and debt are higher.