HIGH ART MEDIA: what changed
What changed
HIGH ART MEDIA
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
-€41,860
2024 · €33,710-€75,570
Equity
€264,517
2024 · €306,377-€41,860
Cash
€79,015
2024 · €21,522+€57,493
Balance sheet total
€1.8m
2024 · €1.2m+€560,445
Largest movements
Assets
- Receivables within one year +€611,285
up €611,285 (+80.8%), from €756,352 to €1.4m
of which Other amounts receivable: +€616,863
- Intangible fixed assets -€108,333
down €108,333 (-25.3%), from €428,737 to €320,403
- Cash +€57,493
up €57,493 (+267%), from €21,522 to €79,015
mainly Other debts (+€738,756) and Depreciation (+€108,333)
Equity and liabilities
- Other debts +€738,756
up €738,756 (+1,740%), from €42,465 to €781,221
- Debts after one year -€113,962
down €113,962 (-35.0%), from €325,242 to €211,280
- Reserves -€44,310
down €44,310 (-24.3%), from €182,426 to €138,116
of which Tax-exempt reserves: -€44,310
Income statement
- Turnover +€1.2m
new in 2025: €1.2m
- Purchases and services +€1.1m
new in 2025: €1.1m
- Gross operating margin -€58,479
down €58,479 (-36.6%), from €159,701 to €101,222
- Staff costs +€21,493
up €21,493 (+84.0%), from €25,597 to €47,089
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€33,710
Gross operating margin
-€58,479
Staff costs
-€21,493
Depreciation
+€5,000
Other operating charges
-€448
Financial income
+€27
Financial charges
-€177
Result 2025
-€41,860
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€171,455
Investment
€0
Financing
-€113,962
Cash 2024
€21,522
From operations (derived)
+€171,455
Net result for the year
-€41,860
Depreciation
+€108,333
Receivables within one year
-€611,285
Provisions
-€14,770
Trade debts
-€15,233
Tax, wage and social debts
+€7,514
Other debts
+€738,756
Financing
-€113,962
Debts after one year
-€113,962
Contributions, distributions and other
+€0
Cash 2025
€79,015
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,206,610 | €1,767,055 | +€560,445 | +46.4% |
| Fixed assets | 21/28 | €428,737 | €320,403 | -€108,333 | -25.3% |
| Intangible fixed assets | 21 | €428,737 | €320,403 | -€108,333 | -25.3% |
| Current assets | 29/58 | €777,874 | €1,446,652 | +€668,778 | +86.0% |
| Amounts receivable within one year | 40/41 | €756,352 | €1,367,637 | +€611,285 | +80.8% |
| Trade receivables | 40 | €302,866 | €297,288 | -€5,579 | -1.8% |
| Other amounts receivable | 41 | €453,485 | €1,070,349 | +€616,863 | +136% |
| Cash at bank and in hand | 54/58 | €21,522 | €79,015 | +€57,493 | +267% |
| Total equity and liabilities | 10/49 | €1,206,610 | €1,767,055 | +€560,445 | +46.4% |
| Equity | 10/15 | €306,377 | €264,517 | -€41,860 | -13.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €182,426 | €138,116 | -€44,310 | -24.3% |
| Non-distributable reserves | 130/1 | €5,186 | €5,186 | = | 0.0% |
| Legal reserve | 130 | €5,186 | €5,186 | = | 0.0% |
| Tax-exempt reserves | 132 | €177,240 | €132,930 | -€44,310 | -25.0% |
| Profit (loss) carried forward | 14 | €61,951 | €64,401 | +€2,450 | +4.0% |
| Provisions and deferred taxes | 16 | €59,080 | €44,310 | -€14,770 | -25.0% |
| Provisions for liabilities and charges | 160/5 | €59,080 | - | -€59,080 | |
| Pensions and similar obligations | 160 | €59,080 | - | -€59,080 | |
| Deferred taxes | 168 | - | €44,310 | +€44,310 | |
| Amounts payable | 17/49 | €841,153 | €1,458,228 | +€617,074 | +73.4% |
| Amounts payable after more than one year | 17 | €325,242 | €211,280 | -€113,962 | -35.0% |
| Trade debts | 175 | €325,242 | €211,280 | -€113,962 | -35.0% |
| Amounts payable within one year | 42/48 | €515,911 | €1,246,948 | +€731,037 | +142% |
| Trade debts | 44 | €472,864 | €457,631 | -€15,233 | -3.2% |
| Suppliers | 440/4 | €446,972 | €457,631 | +€10,659 | +2.4% |
| Bills of exchange payable | 441 | €25,892 | - | -€25,892 | |
| Taxes, remuneration and social security | 45 | €582 | €8,096 | +€7,514 | +1,290% |
| Taxes | 450/3 | €559 | €8,096 | +€7,537 | +1,347% |
| Remuneration and social security | 454/9 | €23 | €0 | -€23 | -100% |
| Other amounts payable | 47/48 | €42,465 | €781,221 | +€738,756 | +1,740% |
| Turnover | 70 | - | €1,164,521 | +€1.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,072,058 | +€1.1m | |
| Remuneration, social security and pensions | 62 | €25,597 | €47,089 | +€21,493 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,333 | €108,333 | -€5,000 | -4.4% |
| Other operating charges | 640/8 | €437 | €885 | +€448 | +102% |
| Gross operating margin | 9900 | €159,701 | €101,222 | -€58,479 | -36.6% |
| Operating profit (loss) | 9901 | €20,334 | -€55,086 | -€75,419 | |
| Financial income | 75/76B | €28 | €55 | +€27 | +97.1% |
| Recurring financial income | 75 | €28 | €55 | +€27 | +97.1% |
| Financial charges | 65/66B | €1,422 | €1,599 | +€177 | +12.5% |
| Recurring financial charges | 65 | €1,422 | €1,599 | +€177 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €18,940 | -€56,630 | -€75,570 | |
| Transfer from deferred taxes | 780 | €14,770 | €14,770 | = | 0.0% |
| Profit (loss) for the period | 9904 | €33,710 | -€41,860 | -€75,570 | |
| Transfer from tax-exempt reserves | 789 | €44,310 | €44,310 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,020 | €2,450 | -€75,570 | -96.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.