HET REDACTIEHUIS: 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 REDACTIEHUIS
Largest movements
- Receivables within one year -€10,092
down €10,092 (-34.2%), from €29,530 to €19,438
of which Other amounts receivable: -€11,130
- Tangible fixed assets +€3,542
up €3,542 (+93.9%), from €3,771 to €7,313
of which Plant, machinery and equipment: +€2,560
- Trade debts -€15,706
down €15,706 (-49.4%), from €31,773 to €16,067
- Tax, wage and social debts +€3,250
up €3,250 (+169%), from €1,924 to €5,174
- Profit (loss) carried forward +€3,063
up €3,063 (+23.1%), from -€13,285 to -€10,222
- Other debts +€1,535
new in 2025: €1,535
- Short-term financial debts +€1,277
up €1,277 (+123%), from €1,036 to €2,312
- Gross operating margin +€6,671
up €6,671, from -€2,991 to €3,680
- Depreciation -€939
down €939 (-49.8%), from €1,885 to €946
- Other operating charges -€431
down €431 (-74.7%), from €577 to €146
- Financial charges -€175
down €175 (-30.0%), from €582 to €407
- Financial income -€127
down €127 (-12.6%), from €1,011 to €884
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,332 | €26,751 | -€6,581 | -19.7% |
| Formation expenses | 20 | €31 | €0 | -€31 | -100% |
| Fixed assets | 21/28 | €3,771 | €7,313 | +€3,542 | +93.9% |
| Tangible fixed assets | 22/27 | €3,771 | €7,313 | +€3,542 | +93.9% |
| Plant, machinery and equipment | 23 | €112 | €2,672 | +€2,560 | +2,278% |
| Other tangible fixed assets | 26 | €3,658 | €4,641 | +€982 | +26.8% |
| Current assets | 29/58 | €29,530 | €19,438 | -€10,092 | -34.2% |
| Amounts receivable within one year | 40/41 | €29,530 | €19,438 | -€10,092 | -34.2% |
| Trade receivables | 40 | €3,630 | €4,668 | +€1,038 | +28.6% |
| Other amounts receivable | 41 | €25,900 | €14,770 | -€11,130 | -43.0% |
| Total equity and liabilities | 10/49 | €33,332 | €26,751 | -€6,581 | -19.7% |
| Equity | 10/15 | -€1,400 | €1,663 | +€3,063 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,385 | €9,385 | = | 0.0% |
| Distributable reserves | 133 | €9,385 | €9,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,285 | -€10,222 | +€3,063 | +23.1% |
| Amounts payable | 17/49 | €34,732 | €25,088 | -€9,644 | -27.8% |
| Amounts payable within one year | 42/48 | €34,732 | €25,088 | -€9,644 | -27.8% |
| Financial debts | 43 | €1,036 | €2,312 | +€1,277 | +123% |
| Credit institutions | 430/8 | €1,036 | €2,312 | +€1,277 | +123% |
| Trade debts | 44 | €31,773 | €16,067 | -€15,706 | -49.4% |
| Suppliers | 440/4 | €31,773 | €16,067 | -€15,706 | -49.4% |
| Taxes, remuneration and social security | 45 | €1,924 | €5,174 | +€3,250 | +169% |
| Taxes | 450/3 | €1,924 | €5,174 | +€3,250 | +169% |
| Other amounts payable | 47/48 | - | €1,535 | +€1,535 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,885 | €946 | -€939 | -49.8% |
| Other operating charges | 640/8 | €577 | €146 | -€431 | -74.7% |
| Gross operating margin | 9900 | -€2,991 | €3,680 | +€6,671 | |
| Operating profit (loss) | 9901 | -€5,454 | €2,587 | +€8,041 | |
| Financial income | 75/76B | €1,011 | €884 | -€127 | -12.6% |
| Recurring financial income | 75 | €1,011 | €884 | -€127 | -12.6% |
| Financial charges | 65/66B | €582 | €407 | -€175 | -30.0% |
| Recurring financial charges | 65 | €582 | €407 | -€175 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,025 | €3,063 | +€8,089 | |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100% |
| Profit (loss) for the period | 9904 | -€5,025 | €3,063 | +€8,089 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,025 | €3,063 | +€8,089 |
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 19 October 2026 via checked.be.