MAIL ADVICE AND SERVICES: 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.
MAIL ADVICE AND SERVICES
Largest movements
- Cash -€168,738
down €168,738 (-92.0%), from €183,360 to €14,622
mainly Net result for the year (-€262,190) and Other debts (-€102,983)
- Tangible fixed assets -€112,829
down €112,829 (-10.7%), from €1.1m to €942,774
- Current investments -€111,061
down €111,061 (-6.7%), from €1.7m to €1.6m
- Profit (loss) carried forward -€262,190
down €262,190 (-91.4%), from -€286,764 to -€548,954
- Other debts -€102,983
down €102,983 (-4.9%), from €2.1m to €2.0m
- Accrued charges and deferred income -€44,400
no longer reported in 2025 (was €44,400)
- Financial charges +€159,354
up €159,354 (+599%), from €26,613 to €185,967
- Gross operating margin +€29,880
up €29,880 (+52.9%), from -€56,459 to -€26,578
- Financial income -€3,385
down €3,385 (-3.9%), from €87,524 to €84,139
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 | €2,931,586 | €2,521,755 | -€409,831 | -14.0% |
| Fixed assets | 21/28 | €1,055,603 | €942,774 | -€112,829 | -10.7% |
| Tangible fixed assets | 22/27 | €1,055,603 | €942,774 | -€112,829 | -10.7% |
| Land and buildings | 22 | €779,781 | €739,257 | -€40,524 | -5.2% |
| Plant, machinery and equipment | 23 | €157,906 | €130,091 | -€27,815 | -17.6% |
| Furniture and vehicles | 24 | €117,916 | €73,426 | -€44,490 | -37.7% |
| Current assets | 29/58 | €1,875,982 | €1,578,981 | -€297,001 | -15.8% |
| Amounts receivable within one year | 40/41 | €23,944 | €7,247 | -€16,697 | -69.7% |
| Other amounts receivable | 41 | €23,944 | €7,247 | -€16,697 | -69.7% |
| Current investments | 50/53 | €1,663,281 | €1,552,219 | -€111,061 | -6.7% |
| Cash at bank and in hand | 54/58 | €183,360 | €14,622 | -€168,738 | -92.0% |
| Deferred charges and accrued income | 490/1 | €5,398 | €4,893 | -€505 | -9.4% |
| Total equity and liabilities | 10/49 | €2,931,586 | €2,521,755 | -€409,831 | -14.0% |
| Equity | 10/15 | €798,467 | €536,277 | -€262,190 | -32.8% |
| Contributions | 10/11 | €619,734 | €619,734 | = | 0.0% |
| Capital | 10 | €619,734 | €619,734 | = | 0.0% |
| Issued capital | 100 | €619,734 | €619,734 | = | 0.0% |
| Reserves | 13 | €465,497 | €465,497 | = | 0.0% |
| Non-distributable reserves | 130/1 | €61,973 | €61,973 | = | 0.0% |
| Legal reserve | 130 | €61,973 | €61,973 | = | 0.0% |
| Distributable reserves | 133 | €403,524 | €403,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€286,764 | -€548,954 | -€262,190 | -91.4% |
| Amounts payable | 17/49 | €2,133,118 | €1,985,478 | -€147,640 | -6.9% |
| Amounts payable within one year | 42/48 | €2,088,718 | €1,985,478 | -€103,240 | -4.9% |
| Trade debts | 44 | €522 | €264 | -€258 | -49.4% |
| Suppliers | 440/4 | €522 | €264 | -€258 | -49.4% |
| Other amounts payable | 47/48 | €2,088,196 | €1,985,214 | -€102,983 | -4.9% |
| Accrued charges and deferred income | 492/3 | €44,400 | - | -€44,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,669 | €123,897 | +€228 | +0.2% |
| Other operating charges | 640/8 | €7,898 | €8,179 | +€281 | +3.6% |
| Gross operating margin | 9900 | -€56,459 | -€26,578 | +€29,880 | +52.9% |
| Operating profit (loss) | 9901 | -€188,026 | -€158,654 | +€29,371 | +15.6% |
| Financial income | 75/76B | €87,524 | €84,139 | -€3,385 | -3.9% |
| Recurring financial income | 75 | €87,524 | €84,139 | -€3,385 | -3.9% |
| Financial charges | 65/66B | €26,613 | €185,967 | +€159,354 | +599% |
| Recurring financial charges | 65 | €26,613 | €185,967 | +€159,354 | +599% |
| Profit (loss) for the period before taxes | 9903 | -€127,115 | -€260,483 | -€133,368 | -105% |
| Income taxes | 67/77 | €1,809 | €1,708 | -€101 | -5.6% |
| Profit (loss) for the period | 9904 | -€128,923 | -€262,190 | -€133,267 | -103% |
| Profit (loss) for the period to be appropriated | 9905 | -€128,923 | -€262,190 | -€133,267 | -103% |
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 1 November 2026 via checked.be.