GLOBAL COMMUNICATION: 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.
GLOBAL COMMUNICATION
Largest movements
- Tangible fixed assets -€22,286
down €22,286 (-11.1%), from €201,106 to €178,820
of which Furniture and vehicles: -€13,565
- Cash +€3,674
up €3,674 (+11.6%), from €31,733 to €35,406
mainly Depreciation (+€33,392) and Trade debts (+€9,817)
- Trade debts +€9,817
up €9,817 (+57.6%), from €17,040 to €26,857
- Debts after one year -€9,617
down €9,617 (-33.8%), from €28,437 to €18,820
- Profit (loss) carried forward -€9,590
down €9,590 (-9.6%), from -€99,477 to -€109,067
- Reserves -€6,000
down €6,000 (-2.3%), from €260,459 to €254,459
of which Distributable reserves: -€6,000
- Tax, wage and social debts -€4,390
down €4,390 (-31.3%), from €14,029 to €9,640
of which Remuneration and social security: -€4,050
- Staff costs -€36,030
down €36,030 (-56.9%), from €63,346 to €27,316
- Gross operating margin -€12,341
down €12,341 (-17.8%), from €69,493 to €57,152
- Depreciation -€5,201
down €5,201 (-13.5%), from €38,593 to €33,392
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 | €248,331 | €229,025 | -€19,306 | -7.8% |
| Fixed assets | 21/28 | €201,512 | €179,226 | -€22,286 | -11.1% |
| Tangible fixed assets | 22/27 | €201,106 | €178,820 | -€22,286 | -11.1% |
| Land and buildings | 22 | €128,833 | €123,204 | -€5,628 | -4.4% |
| Plant, machinery and equipment | 23 | €10,001 | €6,908 | -€3,093 | -30.9% |
| Furniture and vehicles | 24 | €62,273 | €48,708 | -€13,565 | -21.8% |
| Financial fixed assets | 28 | €406 | €406 | = | 0.0% |
| Current assets | 29/58 | €46,819 | €49,799 | +€2,980 | +6.4% |
| Amounts receivable within one year | 40/41 | €11,908 | €11,656 | -€252 | -2.1% |
| Trade receivables | 40 | €10,931 | €10,635 | -€296 | -2.7% |
| Other amounts receivable | 41 | €976 | €1,021 | +€45 | +4.6% |
| Cash at bank and in hand | 54/58 | €31,733 | €35,406 | +€3,674 | +11.6% |
| Deferred charges and accrued income | 490/1 | €3,179 | €2,737 | -€442 | -13.9% |
| Total equity and liabilities | 10/49 | €248,331 | €229,025 | -€19,306 | -7.8% |
| Equity | 10/15 | €179,574 | €163,984 | -€15,590 | -8.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €260,459 | €254,459 | -€6,000 | -2.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €239,850 | €233,850 | -€6,000 | -2.5% |
| Profit (loss) carried forward | 14 | -€99,477 | -€109,067 | -€9,590 | -9.6% |
| Amounts payable | 17/49 | €68,757 | €65,041 | -€3,716 | -5.4% |
| Amounts payable after more than one year | 17 | €28,437 | €18,820 | -€9,617 | -33.8% |
| Financial debts | 170/4 | €28,437 | €18,820 | -€9,617 | -33.8% |
| Amounts payable within one year | 42/48 | €40,321 | €46,221 | +€5,900 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €9,252 | €9,617 | +€365 | +3.9% |
| Trade debts | 44 | €17,040 | €26,857 | +€9,817 | +57.6% |
| Suppliers | 440/4 | €17,040 | €26,857 | +€9,817 | +57.6% |
| Taxes, remuneration and social security | 45 | €14,029 | €9,640 | -€4,390 | -31.3% |
| Taxes | 450/3 | €6,694 | €6,354 | -€340 | -5.1% |
| Remuneration and social security | 454/9 | €7,336 | €3,286 | -€4,050 | -55.2% |
| Other amounts payable | 47/48 | - | €108 | +€108 | |
| Remuneration, social security and pensions | 62 | €63,346 | €27,316 | -€36,030 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,593 | €33,392 | -€5,201 | -13.5% |
| Other operating charges | 640/8 | €4,368 | €4,313 | -€55 | -1.3% |
| Gross operating margin | 9900 | €69,493 | €57,152 | -€12,341 | -17.8% |
| Operating profit (loss) | 9901 | -€36,814 | -€7,869 | +€28,945 | +78.6% |
| Financial income | 75/76B | €8 | €33 | +€25 | +325.7% |
| Recurring financial income | 75 | €8 | €33 | +€25 | +325.7% |
| Financial charges | 65/66B | €1,418 | €1,612 | +€194 | +13.7% |
| Recurring financial charges | 65 | €1,387 | €1,466 | +€79 | +5.7% |
| Non-recurring financial charges | 66B | €31 | €146 | +€115 | +365.3% |
| Profit (loss) for the period before taxes | 9903 | -€38,225 | -€9,449 | +€28,776 | +75.3% |
| Income taxes | 67/77 | €136 | €141 | +€5 | +3.7% |
| Profit (loss) for the period | 9904 | -€38,360 | -€9,590 | +€28,771 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,360 | -€9,590 | +€28,771 | +75.0% |
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 10 October 2026 via checked.be.