HET BOEK: 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.
What changed
HET BOEK
NACE 47.621, Retail sale of newspapers and periodicals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€89,993
2024 · €109,061-€19,068
Equity
€63,337
2024 · €63,344-€7
Cash
€49,535
2024 · €43,854+€5,681
Balance sheet total
€371,178
2024 · €356,580+€14,598
Largest movements
Assets
- Stocks and contracts +€21,597
up €21,597 (+14.6%), from €147,934 to €169,530
- Receivables within one year -€9,715
down €9,715 (-14.0%), from €69,428 to €59,713
of which Trade receivables: -€14,544
- Cash +€5,681
up €5,681 (+13.0%), from €43,854 to €49,535
mainly Net result for the year (+€89,993) and Depreciation (+€24,831)
Equity and liabilities
- Trade debts +€7,312
up €7,312 (+11.0%), from €66,323 to €73,636
- Current portion of long-term debt +€5,889
up €5,889 (+28.0%), from €21,052 to €26,942
- Other debts +€4,296
up €4,296 (+3.5%), from €122,836 to €127,132
Income statement
- Gross operating margin -€17,700
down €17,700 (-11.8%), from €149,899 to €132,198
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.
Result 2024
€109,061
Gross operating margin
-€17,700
Staff costs
-€129
Depreciation
-€1,240
Other operating charges
+€399
Financial income
+€611
Financial charges
-€1,176
Taxes
+€166
Result 2025
€89,993
raises the resultlowers the result
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.
From operations
+€115,363
Investment
-€22,391
Financing
-€87,291
Cash 2024
€43,854
From operations (derived)
+€115,363
Net result for the year
+€89,993
Depreciation
+€24,831
Stocks and contracts
-€21,597
Receivables within one year
+€9,715
Deferred charges and accrued income
+€525
Trade debts
+€7,312
Tax, wage and social debts
+€287
Other debts
+€4,296
Investment (derived)
-€22,391
Investment in fixed assets (net)
-€22,391
Financing
-€87,291
Debts after one year
-€3,180
Current portion of long-term debt
+€5,889
Contributions, distributions and other
-€90,000
Cash 2025
€49,535
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,580 | €371,178 | +€14,598 | +4.1% |
| Fixed assets | 21/28 | €92,867 | €90,427 | -€2,440 | -2.6% |
| Tangible fixed assets | 22/27 | €92,717 | €90,277 | -€2,440 | -2.6% |
| Plant, machinery and equipment | 23 | €1,743 | €1,086 | -€657 | -37.7% |
| Furniture and vehicles | 24 | €62,640 | €46,138 | -€16,502 | -26.3% |
| Other tangible fixed assets | 26 | €28,334 | €43,053 | +€14,719 | +51.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €263,713 | €280,751 | +€17,038 | +6.5% |
| Stocks and contracts in progress | 3 | €147,934 | €169,530 | +€21,597 | +14.6% |
| Stocks | 30/36 | €147,934 | €169,530 | +€21,597 | +14.6% |
| Amounts receivable within one year | 40/41 | €69,428 | €59,713 | -€9,715 | -14.0% |
| Trade receivables | 40 | €20,738 | €6,194 | -€14,544 | -70.1% |
| Other amounts receivable | 41 | €48,690 | €53,519 | +€4,829 | +9.9% |
| Cash at bank and in hand | 54/58 | €43,854 | €49,535 | +€5,681 | +13.0% |
| Deferred charges and accrued income | 490/1 | €2,497 | €1,972 | -€525 | -21.0% |
| Total equity and liabilities | 10/49 | €356,580 | €371,178 | +€14,598 | +4.1% |
| Equity | 10/15 | €63,344 | €63,337 | -€7 | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €43,344 | €43,337 | -€7 | 0.0% |
| Distributable reserves | 133 | €43,344 | €43,337 | -€7 | 0.0% |
| Amounts payable | 17/49 | €293,236 | €307,841 | +€14,605 | +5.0% |
| Amounts payable after more than one year | 17 | €78,087 | €74,907 | -€3,180 | -4.1% |
| Financial debts | 170/4 | €66,185 | €42,656 | -€23,529 | -35.6% |
| Other amounts payable | 178/9 | €11,903 | €32,251 | +€20,349 | +171% |
| Amounts payable within one year | 42/48 | €215,149 | €232,934 | +€17,785 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €21,052 | €26,942 | +€5,889 | +28.0% |
| Trade debts | 44 | €66,323 | €73,636 | +€7,312 | +11.0% |
| Suppliers | 440/4 | €66,323 | €73,636 | +€7,312 | +11.0% |
| Taxes, remuneration and social security | 45 | €4,937 | €5,224 | +€287 | +5.8% |
| Taxes | 450/3 | €4,655 | €4,887 | +€232 | +5.0% |
| Remuneration and social security | 454/9 | €282 | €337 | +€55 | +19.5% |
| Other amounts payable | 47/48 | €122,836 | €127,132 | +€4,296 | +3.5% |
| Non-recurring operating income | 76A | €22,500 | - | -€22,500 | |
| Remuneration, social security and pensions | 62 | €3,253 | €3,382 | +€129 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,591 | €24,831 | +€1,240 | +5.3% |
| Other operating charges | 640/8 | €3,275 | €2,876 | -€399 | -12.2% |
| Gross operating margin | 9900 | €149,899 | €132,198 | -€17,700 | -11.8% |
| Operating profit (loss) | 9901 | €119,780 | €101,109 | -€18,670 | -15.6% |
| Financial income | 75/76B | €1,909 | €2,520 | +€611 | +32.0% |
| Recurring financial income | 75 | €1,909 | €2,520 | +€611 | +32.0% |
| Financial charges | 65/66B | €9,639 | €10,815 | +€1,176 | +12.2% |
| Recurring financial charges | 65 | €9,639 | €10,815 | +€1,176 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €112,049 | €92,815 | -€19,234 | -17.2% |
| Income taxes | 67/77 | €2,988 | €2,822 | -€166 | -5.6% |
| Profit (loss) for the period | 9904 | €109,061 | €89,993 | -€19,068 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,061 | €89,993 | -€19,068 | -17.5% |
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 25 October 2026 via checked.be.