IN-ZICHT: what changed
What changed
IN-ZICHT
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€43,911
2024 · €86,322-€42,411
Equity
€467,712
2024 · €423,801+€43,911
Cash
€232,150
2024 · €203,685+€28,465
Balance sheet total
€600,626
2024 · €584,920+€15,705
Largest movements
Assets
- Tangible fixed assets -€28,594
down €28,594 (-10.1%), from €284,476 to €255,882
of which Land and buildings: -€19,433
- Cash +€28,465
up €28,465 (+14.0%), from €203,685 to €232,150
mainly Depreciation (+€54,910) and Net result for the year (+€43,911)
- Receivables within one year +€23,829
up €23,829 (+36.2%), from €65,834 to €89,663
of which Trade receivables: +€18,914
Equity and liabilities
- Reserves +€43,911
up €43,911 (+10.8%), from €405,251 to €449,162
- Current portion of long-term debt -€11,165
down €11,165 (-27.0%), from €41,373 to €30,208
- Debts after one year -€9,682
down €9,682 (-43.8%), from €22,091 to €12,408
- Other debts -€6,373
down €6,373 (-17.8%), from €35,768 to €29,396
Income statement
- Gross operating margin -€45,678
down €45,678 (-17.5%), from €261,217 to €215,539
- Taxes -€17,882
down €17,882 (-47.7%), from €37,522 to €19,640
- Other operating charges +€13,388
up €13,388 (+217%), from €6,178 to €19,565
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
€86,322
Gross operating margin
-€45,678
Staff costs
-€1,512
Depreciation
+€304
Write-downs
-€260
Other operating charges
-€13,388
Financial income
+€575
Financial charges
-€336
Taxes
+€17,882
Result 2025
€43,911
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
+€75,628
Investment
-€26,316
Financing
-€20,847
Cash 2024
€203,685
From operations (derived)
+€75,628
Net result for the year
+€43,911
Depreciation
+€54,910
Stocks and contracts
+€5,446
Receivables within one year
-€23,829
Deferred charges and accrued income
+€2,548
Trade debts
-€4,196
Tax, wage and social debts
+€3,211
Other debts
-€6,373
Investment (derived)
-€26,316
Investment in fixed assets (net)
-€26,316
Financing
-€20,847
Debts after one year
-€9,682
Current portion of long-term debt
-€11,165
Cash 2025
€232,150
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €584,920 | €600,626 | +€15,705 | +2.7% |
| Fixed assets | 21/28 | €284,476 | €255,882 | -€28,594 | -10.1% |
| Tangible fixed assets | 22/27 | €284,476 | €255,882 | -€28,594 | -10.1% |
| Land and buildings | 22 | €184,124 | €164,691 | -€19,433 | -10.6% |
| Plant, machinery and equipment | 23 | €2,557 | €2,826 | +€269 | +10.5% |
| Furniture and vehicles | 24 | €97,795 | €88,365 | -€9,430 | -9.6% |
| Current assets | 29/58 | €300,444 | €344,744 | +€44,300 | +14.7% |
| Stocks and contracts in progress | 3 | €24,980 | €19,534 | -€5,446 | -21.8% |
| Stocks | 30/36 | €24,980 | €18,448 | -€6,532 | -26.1% |
| Contracts in progress | 37 | - | €1,086 | +€1,086 | |
| Amounts receivable within one year | 40/41 | €65,834 | €89,663 | +€23,829 | +36.2% |
| Trade receivables | 40 | €64,735 | €83,648 | +€18,914 | +29.2% |
| Other amounts receivable | 41 | €1,100 | €6,015 | +€4,915 | +447% |
| Cash at bank and in hand | 54/58 | €203,685 | €232,150 | +€28,465 | +14.0% |
| Deferred charges and accrued income | 490/1 | €5,945 | €3,396 | -€2,548 | -42.9% |
| Total equity and liabilities | 10/49 | €584,920 | €600,626 | +€15,705 | +2.7% |
| Equity | 10/15 | €423,801 | €467,712 | +€43,911 | +10.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €405,251 | €449,162 | +€43,911 | +10.8% |
| Distributable reserves | 133 | €405,251 | €449,162 | +€43,911 | +10.8% |
| Amounts payable | 17/49 | €161,119 | €132,913 | -€28,206 | -17.5% |
| Amounts payable after more than one year | 17 | €22,091 | €12,408 | -€9,682 | -43.8% |
| Financial debts | 170/4 | €22,091 | €12,408 | -€9,682 | -43.8% |
| Amounts payable within one year | 42/48 | €139,028 | €120,505 | -€18,523 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €41,373 | €30,208 | -€11,165 | -27.0% |
| Trade debts | 44 | €41,843 | €37,647 | -€4,196 | -10.0% |
| Suppliers | 440/4 | €41,843 | €37,647 | -€4,196 | -10.0% |
| Taxes, remuneration and social security | 45 | €20,044 | €23,255 | +€3,211 | +16.0% |
| Taxes | 450/3 | €14,700 | €17,739 | +€3,039 | +20.7% |
| Remuneration and social security | 454/9 | €5,344 | €5,516 | +€171 | +3.2% |
| Other amounts payable | 47/48 | €35,768 | €29,396 | -€6,373 | -17.8% |
| Remuneration, social security and pensions | 62 | €71,436 | €72,947 | +€1,512 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,214 | €54,910 | -€304 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €260 | +€260 | |
| Other operating charges | 640/8 | €6,178 | €19,565 | +€13,388 | +217% |
| Gross operating margin | 9900 | €261,217 | €215,539 | -€45,678 | -17.5% |
| Operating profit (loss) | 9901 | €128,390 | €67,857 | -€60,533 | -47.1% |
| Financial income | 75/76B | €1,191 | €1,766 | +€575 | +48.3% |
| Recurring financial income | 75 | €1,191 | €1,766 | +€575 | +48.3% |
| Financial charges | 65/66B | €5,737 | €6,073 | +€336 | +5.9% |
| Recurring financial charges | 65 | €5,737 | €6,073 | +€336 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €123,844 | €63,550 | -€60,293 | -48.7% |
| Income taxes | 67/77 | €37,522 | €19,640 | -€17,882 | -47.7% |
| Profit (loss) for the period | 9904 | €86,322 | €43,911 | -€42,411 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,322 | €43,911 | -€42,411 | -49.1% |
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.