FAN DE PUB: what changed
What changed
FAN DE PUB
NACE 73.120, Media representation
filed annual accounts (NBB)
Net result for the year
€40,902
2024 · €6,991+€33,911
Equity
€191,344
2024 · €150,442+€40,902
Cash
€104,932
2024 · €131,989-€27,058
Balance sheet total
€258,864
2024 · €279,724-€20,859
Largest movements
Assets
- Cash -€27,058
down €27,058 (-20.5%), from €131,989 to €104,932
mainly Trade debts (-€54,707) and Receivables within one year (-€13,252)
- Receivables within one year +€13,252
up €13,252 (+11.9%), from €111,203 to €124,455
of which Trade receivables: +€21,229
- Tangible fixed assets -€6,057
down €6,057 (-21.0%), from €28,853 to €22,797
Equity and liabilities
- Trade debts -€54,707
down €54,707 (-67.2%), from €81,363 to €26,655
- Reserves +€40,410
up €40,410 (+30.5%), from €132,334 to €172,744
- Debts after one year -€5,487
down €5,487 (-33.1%), from €16,577 to €11,090
Income statement
- Staff costs -€30,786
down €30,786 (-45.2%), from €68,114 to €37,328
- Gross operating margin +€24,685
up €24,685 (+28.5%), from €86,481 to €111,165
- Taxes +€16,093
up €16,093 (+291%), from €5,524 to €21,617
- Depreciation +€4,135
up €4,135 (+148%), from €2,796 to €6,932
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,991
Gross operating margin
+€24,685
Staff costs
+€30,786
Depreciation
-€4,135
Write-downs
-€1,109
Other operating charges
-€517
Financial income
+€107
Financial charges
+€188
Taxes
-€16,093
Result 2025
€40,902
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€21,767
Investment
€0
Financing
-€5,291
Cash 2024
€131,989
From operations (derived)
-€21,767
Net result for the year
+€40,902
Depreciation
+€6,932
Receivables within one year
-€13,252
Deferred charges and accrued income
+€122
Trade debts
-€54,707
Tax, wage and social debts
-€1,763
Financing
-€5,291
Debts after one year
-€5,487
Short-term financial debts
+€196
Cash 2025
€104,932
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,724 | €258,864 | -€20,859 | -7.5% |
| Fixed assets | 21/28 | €35,608 | €28,676 | -€6,932 | -19.5% |
| Intangible fixed assets | 21 | €6,494 | €5,619 | -€875 | -13.5% |
| Tangible fixed assets | 22/27 | €28,853 | €22,797 | -€6,057 | -21.0% |
| Furniture and vehicles | 24 | €28,853 | €22,797 | -€6,057 | -21.0% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €244,116 | €230,188 | -€13,928 | -5.7% |
| Amounts receivable within one year | 40/41 | €111,203 | €124,455 | +€13,252 | +11.9% |
| Trade receivables | 40 | €103,226 | €124,455 | +€21,229 | +20.6% |
| Other amounts receivable | 41 | €7,977 | - | -€7,977 | |
| Cash at bank and in hand | 54/58 | €131,989 | €104,932 | -€27,058 | -20.5% |
| Deferred charges and accrued income | 490/1 | €924 | €802 | -€122 | -13.2% |
| Total equity and liabilities | 10/49 | €279,724 | €258,864 | -€20,859 | -7.5% |
| Equity | 10/15 | €150,442 | €191,344 | +€40,902 | +27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,334 | €172,744 | +€40,410 | +30.5% |
| Distributable reserves | 133 | €132,334 | €172,744 | +€40,410 | +30.5% |
| Profit (loss) carried forward | 14 | -€491 | - | +€491 | |
| Amounts payable | 17/49 | €129,282 | €67,521 | -€61,761 | -47.8% |
| Amounts payable after more than one year | 17 | €16,577 | €11,090 | -€5,487 | -33.1% |
| Financial debts | 170/4 | €16,577 | €11,090 | -€5,487 | -33.1% |
| Amounts payable within one year | 42/48 | €112,705 | €56,430 | -€56,274 | -49.9% |
| Financial debts | 43 | €5,291 | €5,487 | +€196 | +3.7% |
| Credit institutions | 430/8 | €5,291 | €5,487 | +€196 | +3.7% |
| Trade debts | 44 | €81,363 | €26,655 | -€54,707 | -67.2% |
| Suppliers | 440/4 | €81,363 | €26,655 | -€54,707 | -67.2% |
| Taxes, remuneration and social security | 45 | €26,051 | €24,288 | -€1,763 | -6.8% |
| Taxes | 450/3 | €10,733 | €17,049 | +€6,316 | +58.8% |
| Remuneration and social security | 454/9 | €15,318 | €7,239 | -€8,079 | -52.7% |
| Non-recurring operating income | 76A | - | €209 | +€209 | |
| Remuneration, social security and pensions | 62 | €68,114 | €37,328 | -€30,786 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,796 | €6,932 | +€4,135 | +148% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,109 | +€1,109 | |
| Other operating charges | 640/8 | €1,896 | €2,412 | +€517 | +27.3% |
| Gross operating margin | 9900 | €86,481 | €111,165 | +€24,685 | +28.5% |
| Operating profit (loss) | 9901 | €13,675 | €63,384 | +€49,709 | +364% |
| Financial income | 75/76B | €3 | €110 | +€107 | +3,252% |
| Recurring financial income | 75 | €3 | €110 | +€107 | +3,252% |
| Financial charges | 65/66B | €1,164 | €976 | -€188 | -16.1% |
| Recurring financial charges | 65 | €1,164 | €976 | -€188 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €12,514 | €62,518 | +€50,004 | +400% |
| Income taxes | 67/77 | €5,524 | €21,617 | +€16,093 | +291% |
| Profit (loss) for the period | 9904 | €6,991 | €40,902 | +€33,911 | +485% |
| Profit (loss) for the period to be appropriated | 9905 | €6,991 | €40,902 | +€33,911 | +485% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.