HET KRANTENPANDJE: 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.
HET KRANTENPANDJE
Largest movements
- Stocks and contracts +€77,320
up €77,320 (+113%), from €68,348 to €145,668
- Cash +€47,731
up €47,731 (+270%), from €17,667 to €65,397
mainly Other debts (+€101,883) and Net result for the year (+€61,366)
- Tangible fixed assets +€41,871
up €41,871 (+15.8%), from €264,426 to €306,296
of which Furniture and vehicles: +€55,418
- Receivables within one year +€8,659
up €8,659 (+124%), from €6,957 to €15,617
of which Other amounts receivable: +€14,327
- Other debts +€101,883
up €101,883 (+1,199%), from €8,497 to €110,380
- Profit (loss) carried forward +€50,101
no longer reported in 2025 (was -€50,101)
- Tax, wage and social debts +€18,059
up €18,059 (+40.3%), from €44,773 to €62,833
of which Taxes: +€9,278
- Debts after one year -€14,771
down €14,771 (-6.3%), from €233,665 to €218,893
- Trade debts +€14,029
up €14,029 (+45.0%), from €31,187 to €45,216
- Gross operating margin +€88,341
up €88,341 (+84.7%), from €104,279 to €192,620
- Taxes -€13,921
down €13,921 (-67.8%), from €20,525 to €6,604
- Staff costs +€8,402
up €8,402 (+11.7%), from €71,987 to €80,389
- Financial charges +€3,582
up €3,582 (+34.9%), from €10,251 to €13,834
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 | €362,953 | €538,121 | +€175,168 | +48.3% |
| Fixed assets | 21/28 | €265,119 | €306,990 | +€41,871 | +15.8% |
| Tangible fixed assets | 22/27 | €264,426 | €306,296 | +€41,871 | +15.8% |
| Land and buildings | 22 | €252,895 | €235,318 | -€17,577 | -7.0% |
| Plant, machinery and equipment | 23 | €1,175 | €6,382 | +€5,207 | +443% |
| Furniture and vehicles | 24 | €5,647 | €61,065 | +€55,418 | +981% |
| Other tangible fixed assets | 26 | €4,709 | €3,532 | -€1,177 | -25.0% |
| Financial fixed assets | 28 | €693 | €693 | = | 0.0% |
| Current assets | 29/58 | €97,834 | €231,132 | +€133,298 | +136% |
| Stocks and contracts in progress | 3 | €68,348 | €145,668 | +€77,320 | +113% |
| Stocks | 30/36 | €68,348 | €145,668 | +€77,320 | +113% |
| Amounts receivable within one year | 40/41 | €6,957 | €15,617 | +€8,659 | +124% |
| Trade receivables | 40 | €6,562 | €895 | -€5,667 | -86.4% |
| Other amounts receivable | 41 | €395 | €14,721 | +€14,327 | +3,631% |
| Cash at bank and in hand | 54/58 | €17,667 | €65,397 | +€47,731 | +270% |
| Deferred charges and accrued income | 490/1 | €4,862 | €4,450 | -€412 | -8.5% |
| Total equity and liabilities | 10/49 | €362,953 | €538,121 | +€175,168 | +48.3% |
| Equity | 10/15 | €24,632 | €85,998 | +€61,366 | +249% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,533 | €79,798 | +€11,265 | +16.4% |
| Tax-exempt reserves | 132 | €144 | €144 | = | 0.0% |
| Distributable reserves | 133 | €68,389 | €79,654 | +€11,265 | +16.5% |
| Profit (loss) carried forward | 14 | -€50,101 | - | +€50,101 | |
| Amounts payable | 17/49 | €338,321 | €452,123 | +€113,802 | +33.6% |
| Amounts payable after more than one year | 17 | €233,665 | €218,893 | -€14,771 | -6.3% |
| Financial debts | 170/4 | €233,665 | €218,893 | -€14,771 | -6.3% |
| Amounts payable within one year | 42/48 | €104,650 | €233,200 | +€128,550 | +123% |
| Current portion of amounts payable after more than one year | 42 | €20,192 | €14,771 | -€5,421 | -26.8% |
| Trade debts | 44 | €31,187 | €45,216 | +€14,029 | +45.0% |
| Suppliers | 440/4 | €31,187 | €45,216 | +€14,029 | +45.0% |
| Taxes, remuneration and social security | 45 | €44,773 | €62,833 | +€18,059 | +40.3% |
| Taxes | 450/3 | €21 | €9,299 | +€9,278 | +43,702% |
| Remuneration and social security | 454/9 | €44,752 | €53,533 | +€8,781 | +19.6% |
| Other amounts payable | 47/48 | €8,497 | €110,380 | +€101,883 | +1,199% |
| Accrued charges and deferred income | 492/3 | €6 | €30 | +€24 | +391% |
| Remuneration, social security and pensions | 62 | €71,987 | €80,389 | +€8,402 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,200 | €26,164 | +€964 | +3.8% |
| Other operating charges | 640/8 | €4,604 | €4,550 | -€54 | -1.2% |
| Gross operating margin | 9900 | €104,279 | €192,620 | +€88,341 | +84.7% |
| Operating profit (loss) | 9901 | €2,488 | €81,517 | +€79,030 | +3,177% |
| Financial income | 75/76B | €261 | €286 | +€25 | +9.7% |
| Recurring financial income | 75 | €261 | €286 | +€25 | +9.7% |
| Financial charges | 65/66B | €10,251 | €13,834 | +€3,582 | +34.9% |
| Recurring financial charges | 65 | €10,251 | €13,834 | +€3,582 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,503 | €67,970 | +€75,472 | |
| Income taxes | 67/77 | €20,525 | €6,604 | -€13,921 | -67.8% |
| Profit (loss) for the period | 9904 | -€28,027 | €61,366 | +€89,393 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,027 | €61,366 | +€89,393 |
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 26 October 2026 via checked.be.