BELGIAN POSTERS: 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.
What changed
BELGIAN POSTERS
NACE 73.120, Media representation
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€814,526
2023 · €425,287+€389,238
Equity
€2.5m
2023 · €1.7m+€814,526
Cash
€269,650
2023 · €704,730-€435,079
Balance sheet total
€7.3m
2023 · €7.4m-€107,123
Largest movements
Assets
- Current investments +€850,657
new in 2024: €850,657
- Receivables within one year -€618,756
down €618,756 (-22.7%), from €2.7m to €2.1m
of which Trade receivables: -€614,778
- Cash -€435,079
down €435,079 (-61.7%), from €704,730 to €269,650
mainly Current investments (-€850,657) and Accrued charges and deferred income (-€766,510)
- Tangible fixed assets +€111,559
up €111,559 (+8.3%), from €1.3m to €1.5m
of which Furniture and vehicles: +€176,391
Equity and liabilities
- Profit (loss) carried forward +€817,366
up €817,366 (+74.2%), from €1.1m to €1.9m
- Accrued charges and deferred income -€766,510
down €766,510 (-18.3%), from €4.2m to €3.4m
- Trade debts -€150,855
down €150,855 (-19.7%), from €767,664 to €616,809
Income statement
- Turnover +€556,906
up €556,906 (+4.8%), from €11.6m to €12.2m
- Other operating charges +€352,920
up €352,920 (+11.7%), from €3.0m to €3.4m
- Goods and materials +€121,934
up €121,934 (+4.8%), from €2.5m to €2.6m
From the 2023 result to the 2024 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.
Result 2023
€425,287
Turnover
+€556,906
Other operating income
+€99,448
Goods and materials
-€121,934
Services and other goods
+€37,448
Staff costs
+€100,751
Depreciation
+€74,742
Write-downs
+€37,527
Other operating charges
-€352,920
Other operating items
+€4,361
Financial income
-€33,745
Financial charges
-€12,534
Taxes
-€812
Result 2024
€814,526
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€642,726
Investment
-€1.1m
Financing
+€53,306
Cash 2023
€704,730
From operations (derived)
+€642,726
Net result for the year
+€814,526
Depreciation
+€234,010
Receivables after one year
-€63,333
Receivables within one year
+€618,756
Deferred charges and accrued income
+€13,722
Provisions
-€947
Trade debts
-€150,855
Tax, wage and social debts
-€65,307
Other debts
+€8,665
Accrued charges and deferred income
-€766,510
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€280,454
Current investments
-€850,657
Financing
+€53,306
Debts after one year
+€34,515
Current portion of long-term debt
+€18,791
Cash 2024
€269,650
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,362,249 | €7,255,125 | -€107,123 | -1.5% |
| Fixed assets | 21/28 | €3,257,072 | €3,303,516 | +€46,444 | +1.4% |
| Tangible fixed assets | 22/27 | €1,349,473 | €1,461,032 | +€111,559 | +8.3% |
| Land and buildings | 22 | €1,224,795 | €1,166,002 | -€58,793 | -4.8% |
| Plant, machinery and equipment | 23 | €24,175 | €24,991 | +€816 | +3.4% |
| Furniture and vehicles | 24 | €75,431 | €251,822 | +€176,391 | +233.8% |
| Leasing and similar rights | 25 | €25,072 | €18,217 | -€6,855 | -27.3% |
| Financial fixed assets | 28 | €1,907,599 | €1,842,484 | -€65,115 | -3.4% |
| Affiliated companies | 280/1 | €1,904,669 | €1,839,554 | -€65,115 | -3.4% |
| Amounts receivable | 281 | €1,904,669 | €1,839,554 | -€65,115 | -3.4% |
| Other financial fixed assets | 284/8 | €2,930 | €2,930 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,930 | €2,930 | = | 0.0% |
| Current assets | 29/58 | €4,105,177 | €3,951,609 | -€153,568 | -3.7% |
| Amounts receivable after more than one year | 29 | €655,200 | €718,533 | +€63,333 | +9.7% |
| Other amounts receivable | 291 | €655,200 | €718,533 | +€63,333 | +9.7% |
| Amounts receivable within one year | 40/41 | €2,726,516 | €2,107,759 | -€618,756 | -22.7% |
| Trade receivables | 40 | €2,696,605 | €2,081,827 | -€614,778 | -22.8% |
| Other amounts receivable | 41 | €29,910 | €25,932 | -€3,978 | -13.3% |
| Current investments | 50/53 | - | €850,657 | +€850,657 | |
| Other investments | 51/53 | - | €850,657 | +€850,657 | |
| Cash at bank and in hand | 54/58 | €704,730 | €269,650 | -€435,079 | -61.7% |
| Deferred charges and accrued income | 490/1 | €18,732 | €5,010 | -€13,722 | -73.3% |
| Total equity and liabilities | 10/49 | €7,362,249 | €7,255,125 | -€107,123 | -1.5% |
| Equity | 10/15 | €1,661,477 | €2,476,003 | +€814,526 | +49.0% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Capital | 10 | €495,787 | €495,787 | = | 0.0% |
| Issued capital | 100 | €495,787 | €495,787 | = | 0.0% |
| Reserves | 13 | €64,728 | €61,888 | -€2,841 | -4.4% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,150 | €12,309 | -€2,841 | -18.8% |
| Profit (loss) carried forward | 14 | €1,100,962 | €1,918,328 | +€817,366 | +74.2% |
| Provisions and deferred taxes | 16 | €5,050 | €4,103 | -€947 | -18.8% |
| Deferred taxes | 168 | €5,050 | €4,103 | -€947 | -18.8% |
| Amounts payable | 17/49 | €5,695,721 | €4,775,019 | -€920,702 | -16.2% |
| Amounts payable after more than one year | 17 | €38,642 | €73,157 | +€34,515 | +89.3% |
| Financial debts | 170/4 | €38,642 | €73,157 | +€34,515 | +89.3% |
| Leasing and similar obligations | 172 | €18,640 | €12,093 | -€6,547 | -35.1% |
| Credit institutions | 173 | €20,002 | €61,065 | +€41,063 | +205.3% |
| Amounts payable within one year | 42/48 | €1,464,801 | €1,276,094 | -€188,707 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €12,642 | €31,433 | +€18,791 | +148.6% |
| Trade debts | 44 | €767,664 | €616,809 | -€150,855 | -19.7% |
| Suppliers | 440/4 | €767,664 | €616,809 | -€150,855 | -19.7% |
| Taxes, remuneration and social security | 45 | €377,173 | €311,866 | -€65,307 | -17.3% |
| Taxes | 450/3 | €183,731 | €153,100 | -€30,630 | -16.7% |
| Remuneration and social security | 454/9 | €193,442 | €158,765 | -€34,677 | -17.9% |
| Other amounts payable | 47/48 | €307,322 | €315,986 | +€8,665 | +2.8% |
| Accrued charges and deferred income | 492/3 | €4,192,279 | €3,425,768 | -€766,510 | -18.3% |
| Operating income | 70/76A | €12,228,419 | €12,894,697 | +€666,278 | +5.4% |
| Turnover | 70 | €11,609,769 | €12,166,675 | +€556,906 | +4.8% |
| Other operating income | 74 | €618,650 | €718,098 | +€99,448 | +16.1% |
| Non-recurring operating income | 76A | - | €9,924 | +€9,924 | |
| Operating charges | 60/66A | €11,819,039 | €12,048,987 | +€229,948 | +1.9% |
| Goods for resale, raw materials and consumables | 60 | €2,521,377 | €2,643,311 | +€121,934 | +4.8% |
| Purchases | 600/8 | €2,521,377 | €2,643,311 | +€121,934 | +4.8% |
| Services and other goods | 61 | €4,305,317 | €4,267,869 | -€37,448 | -0.9% |
| Remuneration, social security and pensions | 62 | €1,603,135 | €1,502,384 | -€100,751 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €308,751 | €234,010 | -€74,742 | -24.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €74,828 | €37,301 | -€37,527 | -50.2% |
| Other operating charges | 640/8 | €3,005,415 | €3,358,335 | +€352,920 | +11.7% |
| Non-recurring operating charges | 66A | €215 | €5,778 | +€5,563 | +2587.6% |
| Operating profit (loss) | 9901 | €409,381 | €845,710 | +€436,330 | +106.6% |
| Financial income | 75/76B | €49,181 | €15,435 | -€33,745 | -68.6% |
| Recurring financial income | 75 | €49,181 | €15,435 | -€33,745 | -68.6% |
| Income from financial fixed assets | 750 | - | €2,066 | +€2,066 | |
| Income from current assets | 751 | €12,600 | €13,333 | +€733 | +5.8% |
| Other financial income | 752/9 | €36,581 | €36 | -€36,544 | -99.9% |
| Financial charges | 65/66B | €31,578 | €44,112 | +€12,534 | +39.7% |
| Recurring financial charges | 65 | €31,578 | €40,452 | +€8,874 | +28.1% |
| Debt charges | 650 | €2,157 | €20,769 | +€18,612 | +862.8% |
| Other financial charges | 652/9 | €29,421 | €19,682 | -€9,738 | -33.1% |
| Non-recurring financial charges | 66B | - | €3,660 | +€3,660 | |
| Profit (loss) for the period before taxes | 9903 | €426,983 | €817,034 | +€390,050 | +91.4% |
| Transfer from deferred taxes | 780 | €947 | €947 | +€0 | 0.0% |
| Income taxes | 67/77 | €2,643 | €3,455 | +€812 | +30.7% |
| Taxes | 670/3 | €2,643 | €3,455 | +€812 | +30.7% |
| Profit (loss) for the period | 9904 | €425,287 | €814,526 | +€389,238 | +91.5% |
| Transfer from tax-exempt reserves | 789 | €2,841 | €2,841 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €428,128 | €817,366 | +€389,238 | +90.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.