EDITOR INTERNATIONAL: 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.
EDITOR INTERNATIONAL
Largest movements
- Cash +€264,762
up €264,762 (+173%), from €153,255 to €418,016
mainly Debts after one year (+€184,465) and Receivables within one year (+€75,783)
- Receivables within one year -€75,783
down €75,783 (-21.4%), from €354,708 to €278,925
of which Trade receivables: -€92,535
- Tangible fixed assets -€57,749
down €57,749 (-97.4%), from €59,266 to €1,518
of which Land and buildings: -€55,690
- Debts after one year +€184,465
new in 2025: €184,465
- Trade debts -€110,738
down €110,738 (-81.9%), from €135,151 to €24,413
- Reserves +€43,462
up €43,462 (+9.9%), from €439,073 to €482,535
of which Distributable reserves: +€43,462
- Current portion of long-term debt +€26,402
new in 2025: €26,402
- Tax, wage and social debts -€15,386
down €15,386 (-32.4%), from €47,421 to €32,035
of which Taxes: -€8,832
- Staff costs -€42,082
down €42,082 (-19.9%), from €211,811 to €169,729
- Depreciation +€12,162
up €12,162 (+51.9%), from €23,444 to €35,606
- Gross operating margin -€5,024
down €5,024 (-1.9%), from €265,099 to €260,075
- Taxes +€4,199
up €4,199 (+122%), from €3,442 to €7,641
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 | €687,532 | €816,681 | +€129,149 | +18.8% |
| Fixed assets | 21/28 | €179,434 | €119,537 | -€59,896 | -33.4% |
| Intangible fixed assets | 21 | €120,168 | €118,020 | -€2,148 | -1.8% |
| Tangible fixed assets | 22/27 | €59,266 | €1,518 | -€57,749 | -97.4% |
| Land and buildings | 22 | €55,690 | - | -€55,690 | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,576 | €1,518 | -€2,058 | -57.6% |
| Current assets | 29/58 | €508,098 | €697,144 | +€189,045 | +37.2% |
| Amounts receivable within one year | 40/41 | €354,708 | €278,925 | -€75,783 | -21.4% |
| Trade receivables | 40 | €354,708 | €262,173 | -€92,535 | -26.1% |
| Other amounts receivable | 41 | - | €16,752 | +€16,752 | |
| Cash at bank and in hand | 54/58 | €153,255 | €418,016 | +€264,762 | +173% |
| Deferred charges and accrued income | 490/1 | €135 | €202 | +€67 | +49.4% |
| Total equity and liabilities | 10/49 | €687,532 | €816,681 | +€129,149 | +18.8% |
| Equity | 10/15 | €501,073 | €544,535 | +€43,462 | +8.7% |
| 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 | €439,073 | €482,535 | +€43,462 | +9.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €432,873 | €476,335 | +€43,462 | +10.0% |
| Amounts payable | 17/49 | €186,459 | €272,146 | +€85,687 | +46.0% |
| Amounts payable after more than one year | 17 | - | €184,465 | +€184,465 | |
| Financial debts | 170/4 | - | €184,465 | +€184,465 | |
| Amounts payable within one year | 42/48 | €186,459 | €87,681 | -€98,778 | -53.0% |
| Current portion of amounts payable after more than one year | 42 | - | €26,402 | +€26,402 | |
| Trade debts | 44 | €135,151 | €24,413 | -€110,738 | -81.9% |
| Suppliers | 440/4 | €135,151 | €24,413 | -€110,738 | -81.9% |
| Advances received on contracts in progress | 46 | - | €1,107 | +€1,107 | |
| Taxes, remuneration and social security | 45 | €47,421 | €32,035 | -€15,386 | -32.4% |
| Taxes | 450/3 | €19,549 | €10,717 | -€8,832 | -45.2% |
| Remuneration and social security | 454/9 | €27,872 | €21,317 | -€6,554 | -23.5% |
| Other amounts payable | 47/48 | €3,888 | €3,725 | -€163 | -4.2% |
| Non-recurring operating income | 76A | - | €224,639 | +€224,639 | |
| Remuneration, social security and pensions | 62 | €211,811 | €169,729 | -€42,082 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,444 | €35,606 | +€12,162 | +51.9% |
| Other operating charges | 640/8 | €1,903 | €1,543 | -€361 | -18.9% |
| Gross operating margin | 9900 | €265,099 | €260,075 | -€5,024 | -1.9% |
| Operating profit (loss) | 9901 | €27,940 | €53,197 | +€25,257 | +90.4% |
| Financial income | 75/76B | €833 | €612 | -€221 | -26.5% |
| Recurring financial income | 75 | €833 | €612 | -€221 | -26.5% |
| Financial charges | 65/66B | €478 | €2,705 | +€2,227 | +466% |
| Recurring financial charges | 65 | €478 | €2,705 | +€2,227 | +466% |
| Profit (loss) for the period before taxes | 9903 | €28,295 | €51,103 | +€22,809 | +80.6% |
| Income taxes | 67/77 | €3,442 | €7,641 | +€4,199 | +122% |
| Profit (loss) for the period | 9904 | €24,853 | €43,462 | +€18,610 | +74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,853 | €43,462 | +€18,610 | +74.9% |
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 20 October 2026 via checked.be.