EDITIONS-COMMUNICATIONS-FORMATIONS: 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.
EDITIONS-COMMUNICATIONS-FORMATIONS
Largest movements
- Tangible fixed assets -€22,511
down €22,511 (-4.0%), from €562,150 to €539,639
of which Land and buildings: -€20,772
- Cash -€6,376
down €6,376 (-53.1%), from €12,006 to €5,630
mainly Debts after one year (-€17,967) and Accrued charges and deferred income (-€7,300)
- Debts after one year -€17,967
down €17,967 (-9.7%), from €184,620 to €166,654
of which Other amounts payable: -€10,000
- Reserves -€12,184
down €12,184 (-4.7%), from €261,630 to €249,446
of which Tax-exempt reserves: -€12,184
- Profit (loss) carried forward +€11,556
up €11,556 (+53.8%), from -€21,485 to -€9,930
- Accrued charges and deferred income -€7,300
down €7,300 (-89.2%), from €8,185 to €885
- Financial income -€12,470
down €12,470 (-55.5%), from €22,476 to €10,006
- Gross operating margin +€9,844
up €9,844 (+76.4%), from €12,888 to €22,732
- Financial charges +€2,159
up €2,159 (+63.7%), from €3,388 to €5,547
of which Non-recurring financial charges: +€2,431
- Other operating charges +€766
up €766 (+25.5%), from €3,006 to €3,773
- Depreciation +€735
up €735 (+2.7%), from €27,372 to €28,108
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 | €580,565 | €548,868 | -€31,697 | -5.5% |
| Fixed assets | 21/28 | €562,150 | €539,639 | -€22,511 | -4.0% |
| Tangible fixed assets | 22/27 | €562,150 | €539,639 | -€22,511 | -4.0% |
| Land and buildings | 22 | €503,074 | €482,302 | -€20,772 | -4.1% |
| Plant, machinery and equipment | 23 | €59,076 | €57,337 | -€1,739 | -2.9% |
| Current assets | 29/58 | €18,414 | €9,228 | -€9,186 | -49.9% |
| Stocks and contracts in progress | 3 | €2,119 | €2,794 | +€676 | +31.9% |
| Stocks | 30/36 | €2,119 | €2,794 | +€676 | +31.9% |
| Amounts receivable within one year | 40/41 | €2,514 | €0 | -€2,514 | -100.0% |
| Other amounts receivable | 41 | €2,514 | €0 | -€2,514 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,006 | €5,630 | -€6,376 | -53.1% |
| Deferred charges and accrued income | 490/1 | €1,775 | €804 | -€971 | -54.7% |
| Total equity and liabilities | 10/49 | €580,565 | €548,868 | -€31,697 | -5.5% |
| Equity | 10/15 | €291,459 | €290,830 | -€628 | -0.2% |
| Contributions | 10/11 | €51,314 | €51,314 | = | 0.0% |
| Reserves | 13 | €261,630 | €249,446 | -€12,184 | -4.7% |
| Non-distributable reserves | 130/1 | €5,131 | €5,131 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,131 | €5,131 | = | 0.0% |
| Tax-exempt reserves | 132 | €256,499 | €244,314 | -€12,184 | -4.8% |
| Profit (loss) carried forward | 14 | -€21,485 | -€9,930 | +€11,556 | +53.8% |
| Provisions and deferred taxes | 16 | €85,500 | €81,438 | -€4,061 | -4.8% |
| Deferred taxes | 168 | €85,500 | €81,438 | -€4,061 | -4.8% |
| Amounts payable | 17/49 | €203,607 | €176,599 | -€27,007 | -13.3% |
| Amounts payable after more than one year | 17 | €184,620 | €166,654 | -€17,967 | -9.7% |
| Financial debts | 170/4 | €98,520 | €90,554 | -€7,967 | -8.1% |
| Other amounts payable | 178/9 | €86,100 | €76,100 | -€10,000 | -11.6% |
| Amounts payable within one year | 42/48 | €10,801 | €9,060 | -€1,740 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €7,747 | €7,967 | +€220 | +2.8% |
| Trade debts | 44 | €3,054 | €1,094 | -€1,960 | -64.2% |
| Suppliers | 440/4 | €3,054 | €1,094 | -€1,960 | -64.2% |
| Accrued charges and deferred income | 492/3 | €8,185 | €885 | -€7,300 | -89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,372 | €28,108 | +€735 | +2.7% |
| Other operating charges | 640/8 | €3,006 | €3,773 | +€766 | +25.5% |
| Gross operating margin | 9900 | €12,888 | €22,732 | +€9,844 | +76.4% |
| Operating profit (loss) | 9901 | -€17,491 | -€9,149 | +€8,342 | +47.7% |
| Financial income | 75/76B | €22,476 | €10,006 | -€12,470 | -55.5% |
| Recurring financial income | 75 | €22,476 | €10,006 | -€12,470 | -55.5% |
| Financial charges | 65/66B | €3,388 | €5,547 | +€2,159 | +63.7% |
| Recurring financial charges | 65 | €3,305 | €3,032 | -€272 | -8.2% |
| Non-recurring financial charges | 66B | €83 | €2,514 | +€2,431 | +2,917% |
| Profit (loss) for the period before taxes | 9903 | €1,597 | -€4,690 | -€6,287 | |
| Transfer from deferred taxes | 780 | €4,087 | €4,061 | -€25 | -0.6% |
| Profit (loss) for the period | 9904 | €5,684 | -€628 | -€6,312 | |
| Transfer from tax-exempt reserves | 789 | €12,260 | €12,184 | -€76 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,944 | €11,556 | -€6,389 | -35.6% |
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 16 October 2026 via checked.be.