BILLBOARD BASICS: 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.
BILLBOARD BASICS
Largest movements
- Receivables within one year +€92,119
up €92,119 (+20.9%), from €441,502 to €533,621
of which Trade receivables: +€251,007
- Deferred charges and accrued income +€67,449
up €67,449 (+144%), from €46,969 to €114,418
- Accrued charges and deferred income +€88,643
new in 2025: €88,643
- Reserves +€80,000
up €80,000 (+38.0%), from €210,800 to €290,800
of which Distributable reserves: +€80,000
- Tax, wage and social debts -€60,423
down €60,423 (-51.1%), from €118,263 to €57,840
of which Taxes: -€57,740
- Trade debts +€47,566
up €47,566 (+46.4%), from €102,574 to €150,140
- Turnover -€123,653
down €123,653 (-7.8%), from €1.6m to €1.5m
- Gross operating margin -€106,931
down €106,931 (-35.2%), from €303,702 to €196,770
- Taxes -€38,791
down €38,791 (-57.1%), from €67,965 to €29,173
- Purchases and services -€18,506
down €18,506 (-1.4%), from €1.3m to €1.3m
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 | €493,726 | €653,305 | +€159,580 | +32.3% |
| Current assets | 29/58 | €493,726 | €653,305 | +€159,580 | +32.3% |
| Amounts receivable within one year | 40/41 | €441,502 | €533,621 | +€92,119 | +20.9% |
| Trade receivables | 40 | €282,615 | €533,621 | +€251,007 | +88.8% |
| Other amounts receivable | 41 | €158,888 | - | -€158,888 | |
| Cash at bank and in hand | 54/58 | €5,254 | €5,266 | +€12 | +0.2% |
| Deferred charges and accrued income | 490/1 | €46,969 | €114,418 | +€67,449 | +144% |
| Total equity and liabilities | 10/49 | €493,726 | €653,305 | +€159,580 | +32.3% |
| Equity | 10/15 | €272,888 | €353,737 | +€80,849 | +29.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €210,800 | €290,800 | +€80,000 | +38.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €204,600 | €284,600 | +€80,000 | +39.1% |
| Profit (loss) carried forward | 14 | €88 | €937 | +€849 | +963% |
| Provisions and deferred taxes | 16 | - | €101 | +€101 | |
| Provisions for liabilities and charges | 160/5 | - | €101 | +€101 | |
| Pensions and similar obligations | 160 | - | €101 | +€101 | |
| Amounts payable | 17/49 | €220,838 | €299,468 | +€78,630 | +35.6% |
| Amounts payable within one year | 42/48 | €220,838 | €210,825 | -€10,013 | -4.5% |
| Trade debts | 44 | €102,574 | €150,140 | +€47,566 | +46.4% |
| Suppliers | 440/4 | €102,574 | €150,140 | +€47,566 | +46.4% |
| Taxes, remuneration and social security | 45 | €118,263 | €57,840 | -€60,423 | -51.1% |
| Taxes | 450/3 | €107,675 | €49,936 | -€57,740 | -53.6% |
| Remuneration and social security | 454/9 | €10,588 | €7,905 | -€2,683 | -25.3% |
| Other amounts payable | 47/48 | - | €2,844 | +€2,844 | |
| Accrued charges and deferred income | 492/3 | - | €88,643 | +€88,643 | |
| Turnover | 70 | €1,588,159 | €1,464,506 | -€123,653 | -7.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,288,042 | €1,269,536 | -€18,506 | -1.4% |
| Remuneration, social security and pensions | 62 | €81,254 | €74,374 | -€6,880 | -8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €101 | +€101 | |
| Other operating charges | 640/8 | €4,319 | €1,087 | -€3,233 | -74.8% |
| Gross operating margin | 9900 | €303,702 | €196,770 | -€106,931 | -35.2% |
| Operating profit (loss) | 9901 | €218,129 | €121,209 | -€96,920 | -44.4% |
| Financial income | 75/76B | €685 | €60 | -€625 | -91.2% |
| Recurring financial income | 75 | €685 | €60 | -€625 | -91.2% |
| Financial charges | 65/66B | €3,641 | €11,247 | +€7,605 | +209% |
| Recurring financial charges | 65 | €3,641 | €11,247 | +€7,605 | +209% |
| Profit (loss) for the period before taxes | 9903 | €215,172 | €110,022 | -€105,150 | -48.9% |
| Income taxes | 67/77 | €67,965 | €29,173 | -€38,791 | -57.1% |
| Profit (loss) for the period | 9904 | €147,207 | €80,849 | -€66,359 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €147,207 | €80,849 | -€66,359 | -45.1% |
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 19 October 2026 via checked.be.