FOTOMARKT: 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.
FOTOMARKT
Largest movements
- Receivables within one year +€159,488
up €159,488 (+351.7%), from €45,347 to €204,835
of which Trade receivables: +€160,613
- Cash -€66,644
down €66,644 (-87.3%), from €76,298 to €9,655
mainly Receivables within one year (-€159,488) and Short-term financial debts (-€50,049)
- Stocks and contracts +€46,766
up €46,766 (+30.9%), from €151,291 to €198,056
- Tangible fixed assets +€20,578
up €20,578 (+65.9%), from €31,248 to €51,827
- Receivables after one year +€20,277
up €20,277 (+163.4%), from €12,410 to €32,687
- Trade debts +€177,300
up €177,300 (+181.7%), from €97,603 to €274,903
- Reserves +€52,593
up €52,593 (+255.2%), from €20,610 to €73,203
of which Distributable reserves: +€52,593
- Short-term financial debts -€50,049
down €50,049 (-100.0%), from €50,049 to €0
of which Credit institutions: -€50,049
- Tax, wage and social debts +€15,381
up €15,381 (+29.1%), from €52,793 to €68,174
of which Taxes: +€11,882
- Accrued charges and deferred income -€13,095
down €13,095 (-100.0%), from €13,095 to €0
- Staff costs +€46,025
up €46,025 (+28.2%), from €163,105 to €209,129
- Gross operating margin +€21,942
up €21,942 (+7.9%), from €276,997 to €298,939
- Financial charges -€5,948
down €5,948 (-72.4%), from €8,218 to €2,270
- Financial income -€3,577
down €3,577 (-98.2%), from €3,641 to €64
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.
Cash bridge derived
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 | €331,726 | €513,856 | +€182,130 | +54.9% |
| Fixed assets | 21/28 | €44,188 | €63,506 | +€19,318 | +43.7% |
| Intangible fixed assets | 21 | €2,775 | €1,515 | -€1,260 | -45.4% |
| Tangible fixed assets | 22/27 | €31,248 | €51,827 | +€20,578 | +65.9% |
| Land and buildings | 22 | €27,060 | €31,840 | +€4,780 | +17.7% |
| Plant, machinery and equipment | 23 | €2,230 | €8,178 | +€5,948 | +266.8% |
| Furniture and vehicles | 24 | €1,959 | €11,809 | +€9,850 | +502.9% |
| Financial fixed assets | 28 | €10,164 | €10,164 | = | 0.0% |
| Current assets | 29/58 | €287,538 | €450,350 | +€162,812 | +56.6% |
| Amounts receivable after more than one year | 29 | €12,410 | €32,687 | +€20,277 | +163.4% |
| Other amounts receivable | 291 | €12,410 | €32,687 | +€20,277 | +163.4% |
| Stocks and contracts in progress | 3 | €151,291 | €198,056 | +€46,766 | +30.9% |
| Stocks | 30/36 | €151,291 | €198,056 | +€46,766 | +30.9% |
| Amounts receivable within one year | 40/41 | €45,347 | €204,835 | +€159,488 | +351.7% |
| Trade receivables | 40 | €19,442 | €180,054 | +€160,613 | +826.1% |
| Other amounts receivable | 41 | €25,905 | €24,781 | -€1,124 | -4.3% |
| Cash at bank and in hand | 54/58 | €76,298 | €9,655 | -€66,644 | -87.3% |
| Deferred charges and accrued income | 490/1 | €2,192 | €5,117 | +€2,925 | +133.4% |
| Total equity and liabilities | 10/49 | €331,726 | €513,856 | +€182,130 | +54.9% |
| Equity | 10/15 | €118,187 | €170,780 | +€52,593 | +44.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,610 | €73,203 | +€52,593 | +255.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | - | €52,593 | +€52,593 | |
| Profit (loss) carried forward | 14 | €91,377 | €91,377 | = | 0.0% |
| Amounts payable | 17/49 | €213,540 | €343,077 | +€129,537 | +60.7% |
| Amounts payable within one year | 42/48 | €200,445 | €343,077 | +€142,631 | +71.2% |
| Financial debts | 43 | €50,049 | €0 | -€50,049 | -100.0% |
| Credit institutions | 430/8 | €50,049 | €0 | -€50,049 | -100.0% |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €97,603 | €274,903 | +€177,300 | +181.7% |
| Suppliers | 440/4 | €97,603 | €274,903 | +€177,300 | +181.7% |
| Taxes, remuneration and social security | 45 | €52,793 | €68,174 | +€15,381 | +29.1% |
| Taxes | 450/3 | €22,190 | €34,073 | +€11,882 | +53.5% |
| Remuneration and social security | 454/9 | €30,603 | €34,101 | +€3,499 | +11.4% |
| Accrued charges and deferred income | 492/3 | €13,095 | €0 | -€13,095 | -100.0% |
| Remuneration, social security and pensions | 62 | €163,105 | €209,129 | +€46,025 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,169 | €9,822 | -€1,348 | -12.1% |
| Other operating charges | 640/8 | €1,858 | €1,148 | -€710 | -38.2% |
| Gross operating margin | 9900 | €276,997 | €298,939 | +€21,942 | +7.9% |
| Operating profit (loss) | 9901 | €100,865 | €78,840 | -€22,025 | -21.8% |
| Financial income | 75/76B | €3,641 | €64 | -€3,577 | -98.2% |
| Recurring financial income | 75 | €3,641 | €64 | -€3,577 | -98.2% |
| Financial charges | 65/66B | €8,218 | €2,270 | -€5,948 | -72.4% |
| Recurring financial charges | 65 | €8,218 | €2,270 | -€5,948 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €96,289 | €76,634 | -€19,655 | -20.4% |
| Income taxes | 67/77 | €22,530 | €24,041 | +€1,511 | +6.7% |
| Profit (loss) for the period | 9904 | €73,759 | €52,593 | -€21,165 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,759 | €52,593 | -€21,165 | -28.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.