FULLTEAM ADVERTISING: 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.
FULLTEAM ADVERTISING
Largest movements
- Receivables within one year -€391,668
down €391,668 (-37.4%), from €1.0m to €656,477
of which Other amounts receivable: -€366,893
- Intangible fixed assets -€67,067
down €67,067 (-37.1%), from €180,657 to €113,590
- Cash +€55,627
up €55,627 (+58.7%), from €94,805 to €150,432
mainly Receivables within one year (+€391,668) and Other debts (+€351,588)
- Tangible fixed assets +€37,319
up €37,319 (+107%), from €34,754 to €72,073
of which Furniture and vehicles: +€35,976
- Deferred charges and accrued income +€18,027
up €18,027 (+113%), from €15,914 to €33,941
- Profit (loss) carried forward -€974,121
down €974,121 (-1,232%), from -€79,093 to -€1.1m
- Other debts +€351,588
up €351,588 (+93.2%), from €377,339 to €728,927
- Current portion of long-term debt -€315,745
down €315,745 (-90.3%), from €349,614 to €33,869
- Short-term financial debts +€298,566
up €298,566 (+10,979%), from €2,719 to €301,285
- Trade debts +€278,446
up €278,446 (+70.5%), from €394,811 to €673,257
- Write-downs +€364,752
new in 2025: €364,752
- Staff costs +€134,871
up €134,871 (+18.4%), from €734,484 to €869,355
- Gross operating margin +€15,403
up €15,403 (+4.2%), from €364,723 to €380,127
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 | €1,395,393 | €1,046,568 | -€348,825 | -25.0% |
| Fixed assets | 21/28 | €236,530 | €205,719 | -€30,811 | -13.0% |
| Intangible fixed assets | 21 | €180,657 | €113,590 | -€67,067 | -37.1% |
| Tangible fixed assets | 22/27 | €34,754 | €72,073 | +€37,319 | +107% |
| Furniture and vehicles | 24 | €15,303 | €51,280 | +€35,976 | +235% |
| Other tangible fixed assets | 26 | €19,451 | €16,013 | -€3,437 | -17.7% |
| Assets under construction and advance payments | 27 | - | €4,780 | +€4,780 | |
| Financial fixed assets | 28 | €21,119 | €20,056 | -€1,063 | -5.0% |
| Current assets | 29/58 | €1,158,863 | €840,849 | -€318,014 | -27.4% |
| Amounts receivable within one year | 40/41 | €1,048,144 | €656,477 | -€391,668 | -37.4% |
| Trade receivables | 40 | €381,182 | €356,407 | -€24,775 | -6.5% |
| Other amounts receivable | 41 | €666,962 | €300,070 | -€366,893 | -55.0% |
| Cash at bank and in hand | 54/58 | €94,805 | €150,432 | +€55,627 | +58.7% |
| Deferred charges and accrued income | 490/1 | €15,914 | €33,941 | +€18,027 | +113% |
| Total equity and liabilities | 10/49 | €1,395,393 | €1,046,568 | -€348,825 | -25.0% |
| Equity | 10/15 | €138,588 | -€835,533 | -€974,121 | |
| Contributions | 10/11 | €61,528 | €61,528 | = | 0.0% |
| Capital | 10 | €61,528 | €61,528 | = | 0.0% |
| Issued capital | 100 | €61,528 | €61,528 | = | 0.0% |
| Reserves | 13 | €156,153 | €156,153 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,153 | €6,153 | = | 0.0% |
| Legal reserve | 130 | €6,153 | €6,153 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,093 | -€1,053,214 | -€974,121 | -1,232% |
| Amounts payable | 17/49 | €1,256,805 | €1,882,101 | +€625,296 | +49.8% |
| Amounts payable after more than one year | 17 | €29,630 | €50,672 | +€21,042 | +71.0% |
| Financial debts | 170/4 | €29,630 | €50,672 | +€21,042 | +71.0% |
| Amounts payable within one year | 42/48 | €1,224,086 | €1,828,965 | +€604,879 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €349,614 | €33,869 | -€315,745 | -90.3% |
| Financial debts | 43 | €2,719 | €301,285 | +€298,566 | +10,979% |
| Credit institutions | 430/8 | €2,719 | €301,285 | +€298,566 | +10,979% |
| Trade debts | 44 | €394,811 | €673,257 | +€278,446 | +70.5% |
| Suppliers | 440/4 | €394,811 | €673,257 | +€278,446 | +70.5% |
| Taxes, remuneration and social security | 45 | €99,602 | €91,627 | -€7,976 | -8.0% |
| Taxes | 450/3 | €18,105 | €10,865 | -€7,240 | -40.0% |
| Remuneration and social security | 454/9 | €81,497 | €80,762 | -€735 | -0.9% |
| Other amounts payable | 47/48 | €377,339 | €728,927 | +€351,588 | +93.2% |
| Accrued charges and deferred income | 492/3 | €3,088 | €2,464 | -€624 | -20.2% |
| Remuneration, social security and pensions | 62 | €734,484 | €869,355 | +€134,871 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,803 | €98,327 | -€476 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €364,752 | +€364,752 | |
| Other operating charges | 640/8 | €1,284 | €1,188 | -€96 | -7.5% |
| Non-recurring operating charges | 66A | - | €2,234 | +€2,234 | |
| Gross operating margin | 9900 | €364,723 | €380,127 | +€15,403 | +4.2% |
| Operating profit (loss) | 9901 | -€469,848 | -€955,729 | -€485,881 | -103% |
| Financial income | 75/76B | €1 | €388 | +€388 | +77,558% |
| Recurring financial income | 75 | €1 | €388 | +€388 | +77,558% |
| Financial charges | 65/66B | €21,306 | €18,781 | -€2,525 | -11.9% |
| Recurring financial charges | 65 | €21,306 | €18,781 | -€2,525 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€491,153 | -€974,121 | -€482,968 | -98.3% |
| Profit (loss) for the period | 9904 | -€491,153 | -€974,121 | -€482,968 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€491,153 | -€974,121 | -€482,968 | -98.3% |
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 1 November 2026 via checked.be.