HIGH LEVEL COMMUNICATION & L’ÉVENTAIL: what changed
What changed
HIGH LEVEL COMMUNICATION & L’ÉVENTAIL
NACE 58.130, Publishing activities
filed annual accounts (NBB)
Net result for the year
€16,391
2024 · -€108,974+€125,365
Equity
€1.4m
2024 · €1.4m+€16,391
Cash
€85,127
2024 · €36,918+€48,209
Balance sheet total
€1.9m
2024 · €1.8m+€12,647
Largest movements
Assets
- Deferred charges and accrued income +€66,973
up €66,973 (+2,225%), from €3,009 to €69,982
- Intangible fixed assets -€57,282
down €57,282 (-4.6%), from €1.2m to €1.2m
- Cash +€48,209
up €48,209 (+131%), from €36,918 to €85,127
mainly Depreciation (+€80,581) and Receivables within one year (+€43,114)
- Receivables within one year -€43,114
down €43,114 (-8.7%), from €497,808 to €454,694
of which Trade receivables: -€40,672
Equity and liabilities
- Tax, wage and social debts -€31,714
down €31,714 (-37.2%), from €85,181 to €53,468
of which Remuneration and social security: -€37,193
- Accrued charges and deferred income +€28,263
up €28,263 (+946%), from €2,987 to €31,250
Income statement
- Gross operating margin +€187,158
up €187,158 (+46.2%), from €404,721 to €591,879
- Staff costs +€51,981
up €51,981 (+12.3%), from €422,588 to €474,569
- Depreciation +€9,163
up €9,163 (+12.8%), from €71,418 to €80,581
- Other operating charges +€7,538
up €7,538 (+497%), from €1,516 to €9,053
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
-€108,974
Gross operating margin
+€187,158
Staff costs
-€51,981
Depreciation
-€9,163
Other operating charges
-€7,538
Other operating items
+€6,202
Financial income
-€1,320
Financial charges
+€611
Taxes
+€1,395
Result 2025
€16,391
raises the resultlowers the resultnot broken down further in the accounts
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
+€81,920
Investment
-€27,779
Financing
-€5,931
Cash 2024
€36,918
From operations (derived)
+€81,920
Net result for the year
+€16,391
Depreciation
+€80,581
Stocks and contracts
+€6,621
Receivables within one year
+€43,114
Deferred charges and accrued income
-€66,973
Trade debts
+€8,681
Tax, wage and social debts
-€31,714
Other debts
-€3,044
Accrued charges and deferred income
+€28,263
Investment (derived)
-€27,779
Investment in fixed assets (net)
-€27,779
Financing
-€5,931
Debts after one year
-€6,197
Current portion of long-term debt
+€266
Cash 2025
€85,127
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,842,153 | €1,854,800 | +€12,647 | +0.7% |
| Fixed assets | 21/28 | €1,261,613 | €1,208,812 | -€52,801 | -4.2% |
| Intangible fixed assets | 21 | €1,237,646 | €1,180,364 | -€57,282 | -4.6% |
| Tangible fixed assets | 22/27 | €23,741 | €28,222 | +€4,481 | +18.9% |
| Furniture and vehicles | 24 | €23,741 | €25,789 | +€2,048 | +8.6% |
| Other tangible fixed assets | 26 | - | €2,433 | +€2,433 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €580,540 | €645,988 | +€65,448 | +11.3% |
| Stocks and contracts in progress | 3 | €42,805 | €36,184 | -€6,621 | -15.5% |
| Stocks | 30/36 | €42,805 | €36,184 | -€6,621 | -15.5% |
| Amounts receivable within one year | 40/41 | €497,808 | €454,694 | -€43,114 | -8.7% |
| Trade receivables | 40 | €470,454 | €429,782 | -€40,672 | -8.6% |
| Other amounts receivable | 41 | €27,354 | €24,912 | -€2,441 | -8.9% |
| Cash at bank and in hand | 54/58 | €36,918 | €85,127 | +€48,209 | +131% |
| Deferred charges and accrued income | 490/1 | €3,009 | €69,982 | +€66,973 | +2,225% |
| Total equity and liabilities | 10/49 | €1,842,153 | €1,854,800 | +€12,647 | +0.7% |
| Equity | 10/15 | €1,421,081 | €1,437,472 | +€16,391 | +1.2% |
| Contributions | 10/11 | €1,617,600 | €1,617,600 | = | 0.0% |
| Capital | 10 | €1,462,403 | €1,462,403 | = | 0.0% |
| Issued capital | 100 | €1,462,403 | €1,462,403 | = | 0.0% |
| Contributions outside capital | 11 | €155,197 | €155,197 | = | 0.0% |
| Share premium | 1100/10 | €155,197 | €155,197 | = | 0.0% |
| Reserves | 13 | €734 | €734 | = | 0.0% |
| Non-distributable reserves | 130/1 | €734 | €734 | = | 0.0% |
| Legal reserve | 130 | €734 | €734 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,253 | -€180,862 | +€16,391 | +8.3% |
| Amounts payable | 17/49 | €421,072 | €417,328 | -€3,744 | -0.9% |
| Amounts payable after more than one year | 17 | €7,789 | €1,592 | -€6,197 | -79.6% |
| Financial debts | 170/4 | €7,789 | €1,592 | -€6,197 | -79.6% |
| Amounts payable within one year | 42/48 | €410,295 | €384,486 | -€25,810 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €5,931 | €6,197 | +€266 | +4.5% |
| Trade debts | 44 | €288,553 | €297,234 | +€8,681 | +3.0% |
| Suppliers | 440/4 | €269,625 | €286,565 | +€16,939 | +6.3% |
| Bills of exchange payable | 441 | €18,928 | €10,670 | -€8,258 | -43.6% |
| Taxes, remuneration and social security | 45 | €85,181 | €53,468 | -€31,714 | -37.2% |
| Taxes | 450/3 | €619 | €6,098 | +€5,479 | +885% |
| Remuneration and social security | 454/9 | €84,562 | €47,369 | -€37,193 | -44.0% |
| Other amounts payable | 47/48 | €30,630 | €27,587 | -€3,044 | -9.9% |
| Accrued charges and deferred income | 492/3 | €2,987 | €31,250 | +€28,263 | +946% |
| Remuneration, social security and pensions | 62 | €422,588 | €474,569 | +€51,981 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,418 | €80,581 | +€9,163 | +12.8% |
| Other operating charges | 640/8 | €1,516 | €9,053 | +€7,538 | +497% |
| Non-recurring operating charges | 66A | €6,202 | - | -€6,202 | |
| Gross operating margin | 9900 | €404,721 | €591,879 | +€187,158 | +46.2% |
| Operating profit (loss) | 9901 | -€97,003 | €27,676 | +€124,679 | |
| Financial income | 75/76B | €1,684 | €365 | -€1,320 | -78.4% |
| Recurring financial income | 75 | €1,684 | €365 | -€1,320 | -78.4% |
| Financial charges | 65/66B | €7,067 | €6,456 | -€611 | -8.7% |
| Recurring financial charges | 65 | €7,067 | €6,456 | -€611 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€102,385 | €21,585 | +€123,970 | |
| Income taxes | 67/77 | €6,589 | €5,194 | -€1,395 | -21.2% |
| Profit (loss) for the period | 9904 | -€108,974 | €16,391 | +€125,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€108,974 | €16,391 | +€125,365 |
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 5 November 2026 via checked.be.