MAIL - BOX: what changed
Two fiscal 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 - BOX
Largest movements
- Cash -€62,297
down €62,297 (-15.9%), from €392,413 to €330,116
mainly Contributions, distributions and other (-€68,486) and Tax, wage and social debts (-€56,771)
- Tangible fixed assets -€44,654
down €44,654 (-11.9%), from €375,051 to €330,397
of which Land and buildings: -€26,359
- Stocks and contracts -€40,458
down €40,458 (-11.9%), from €339,018 to €298,560
- Tax, wage and social debts -€56,771
down €56,771 (-67.8%), from €83,678 to €26,907
of which Taxes: -€57,955
- Debts after one year -€47,223
down €47,223 (-60.1%), from €78,627 to €31,404
- Other debts -€23,087
down €23,087 (-16.6%), from €139,292 to €116,205
- Reserves -€16,067
down €16,067 (-1.9%), from €830,213 to €814,146
- Gross operating margin -€72,968
down €72,968 (-16.1%), from €454,596 to €381,628
- Taxes -€29,067
down €29,067 (-54.5%), from €53,305 to €24,238
- Staff costs +€11,987
up €11,987 (+7.2%), from €167,596 to €179,583
- Depreciation +€9,357
up €9,357 (+10.5%), from €89,429 to €98,786
- Write-downs +€7,167
no longer reported in 2025 (was -€7,167)
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.
Cash bridge derived
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 | €1,266,207 | €1,125,069 | -€141,138 | -11.1% |
| Fixed assets | 21/28 | €375,051 | €330,397 | -€44,654 | -11.9% |
| Tangible fixed assets | 22/27 | €375,051 | €330,397 | -€44,654 | -11.9% |
| Land and buildings | 22 | €191,888 | €165,530 | -€26,359 | -13.7% |
| Plant, machinery and equipment | 23 | €47,960 | €41,668 | -€6,291 | -13.1% |
| Furniture and vehicles | 24 | €135,203 | €123,199 | -€12,004 | -8.9% |
| Current assets | 29/58 | €891,156 | €794,672 | -€96,484 | -10.8% |
| Stocks and contracts in progress | 3 | €339,018 | €298,560 | -€40,458 | -11.9% |
| Stocks | 30/36 | €339,018 | €298,560 | -€40,458 | -11.9% |
| Amounts receivable within one year | 40/41 | €158,608 | €165,996 | +€7,389 | +4.7% |
| Trade receivables | 40 | €158,608 | €163,010 | +€4,402 | +2.8% |
| Other amounts receivable | 41 | - | €2,987 | +€2,987 | |
| Cash at bank and in hand | 54/58 | €392,413 | €330,116 | -€62,297 | -15.9% |
| Deferred charges and accrued income | 490/1 | €1,118 | - | -€1,118 | |
| Total equity and liabilities | 10/49 | €1,266,207 | €1,125,069 | -€141,138 | -11.1% |
| Equity | 10/15 | €874,467 | €858,401 | -€16,067 | -1.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €830,213 | €814,146 | -€16,067 | -1.9% |
| Distributable reserves | 133 | €830,213 | €814,146 | -€16,067 | -1.9% |
| Profit (loss) carried forward | 14 | €25,704 | €25,704 | = | 0.0% |
| Amounts payable | 17/49 | €391,740 | €266,669 | -€125,071 | -31.9% |
| Amounts payable after more than one year | 17 | €78,627 | €31,404 | -€47,223 | -60.1% |
| Financial debts | 170/4 | €78,627 | €31,404 | -€47,223 | -60.1% |
| Amounts payable within one year | 42/48 | €313,113 | €235,265 | -€77,848 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €48,711 | €47,223 | -€1,488 | -3.1% |
| Trade debts | 44 | €41,432 | €44,930 | +€3,497 | +8.4% |
| Suppliers | 440/4 | €41,432 | €44,930 | +€3,497 | +8.4% |
| Taxes, remuneration and social security | 45 | €83,678 | €26,907 | -€56,771 | -67.8% |
| Taxes | 450/3 | €63,585 | €5,630 | -€57,955 | -91.1% |
| Remuneration and social security | 454/9 | €20,092 | €21,276 | +€1,184 | +5.9% |
| Other amounts payable | 47/48 | €139,292 | €116,205 | -€23,087 | -16.6% |
| Remuneration, social security and pensions | 62 | €167,596 | €179,583 | +€11,987 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,429 | €98,786 | +€9,357 | +10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,167 | - | +€7,167 | |
| Other operating charges | 640/8 | €17,006 | €14,718 | -€2,287 | -13.4% |
| Gross operating margin | 9900 | €454,596 | €381,628 | -€72,968 | -16.1% |
| Operating profit (loss) | 9901 | €187,733 | €88,541 | -€99,192 | -52.8% |
| Financial income | 75/76B | €1,474 | €2,707 | +€1,233 | +83.6% |
| Recurring financial income | 75 | €1,474 | €2,707 | +€1,233 | +83.6% |
| Financial charges | 65/66B | €19,128 | €14,591 | -€4,537 | -23.7% |
| Recurring financial charges | 65 | €19,128 | €14,591 | -€4,537 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €170,079 | €76,657 | -€93,422 | -54.9% |
| Income taxes | 67/77 | €53,305 | €24,238 | -€29,067 | -54.5% |
| Profit (loss) for the period | 9904 | €116,774 | €52,419 | -€64,354 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,774 | €52,419 | -€64,354 | -55.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.