Mr Postman: 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.
Mr Postman
Largest movements
- Receivables within one year +€130,991
up €130,991 (+42.4%), from €308,923 to €439,914
of which Other amounts receivable: +€84,450
- Tangible fixed assets +€74,176
up €74,176 (+37.5%), from €197,930 to €272,106
of which Plant, machinery and equipment: +€52,589
- Cash +€22,329
up €22,329 (+7.0%), from €316,894 to €339,223
mainly Accrued charges and deferred income (+€146,836) and Advances received (+€107,412)
- Intangible fixed assets -€13,929
down €13,929 (-28.1%), from €49,542 to €35,613
- Accrued charges and deferred income +€146,836
up €146,836 (+119.5%), from €122,850 to €269,686
- Advances received +€107,412
new in 2025: €107,412
- Trade debts -€24,820
down €24,820 (-3.6%), from €684,853 to €660,033
- Tax, wage and social debts -€20,325
down €20,325 (-12.0%), from €169,330 to €149,005
of which Remuneration and social security: -€15,891
- Staff costs -€79,919
down €79,919 (-5.4%), from €1.5m to €1.4m
- Gross operating margin -€32,326
down €32,326 (-1.9%), from €1.7m to €1.6m
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 | €976,542 | €1,188,009 | +€211,467 | +21.7% |
| Formation expenses | 20 | €15,720 | €8,220 | -€7,500 | -47.7% |
| Fixed assets | 21/28 | €248,823 | €307,814 | +€58,991 | +23.7% |
| Intangible fixed assets | 21 | €49,542 | €35,613 | -€13,929 | -28.1% |
| Tangible fixed assets | 22/27 | €197,930 | €272,106 | +€74,176 | +37.5% |
| Land and buildings | 22 | €86,446 | €111,295 | +€24,849 | +28.7% |
| Plant, machinery and equipment | 23 | €75,892 | €128,481 | +€52,589 | +69.3% |
| Furniture and vehicles | 24 | €35,592 | €32,330 | -€3,262 | -9.2% |
| Financial fixed assets | 28 | €1,350 | €95 | -€1,255 | -93.0% |
| Current assets | 29/58 | €711,999 | €871,975 | +€159,976 | +22.5% |
| Stocks and contracts in progress | 3 | €49,139 | €56,272 | +€7,133 | +14.5% |
| Stocks | 30/36 | €49,139 | €56,272 | +€7,133 | +14.5% |
| Amounts receivable within one year | 40/41 | €308,923 | €439,914 | +€130,991 | +42.4% |
| Trade receivables | 40 | €802 | €47,343 | +€46,541 | +5801.8% |
| Other amounts receivable | 41 | €308,121 | €392,571 | +€84,450 | +27.4% |
| Cash at bank and in hand | 54/58 | €316,894 | €339,223 | +€22,329 | +7.0% |
| Deferred charges and accrued income | 490/1 | €37,043 | €36,566 | -€477 | -1.3% |
| Total equity and liabilities | 10/49 | €976,542 | €1,188,009 | +€211,467 | +21.7% |
| Equity | 10/15 | -€11,031 | -€2,581 | +€8,450 | +76.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €20,319 | €20,319 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €997 | €997 | -€0 | 0.0% |
| Legal reserve | 130 | - | €997 | +€997 | |
| Reserves not available under the articles | 1311 | €997 | - | -€997 | |
| Distributable reserves | 133 | €19,322 | €19,322 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€49,950 | -€41,500 | +€8,450 | +16.9% |
| Amounts payable | 17/49 | €987,572 | €1,190,590 | +€203,018 | +20.6% |
| Amounts payable within one year | 42/48 | €864,722 | €920,904 | +€56,182 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €10,540 | €4,454 | -€6,086 | -57.7% |
| Trade debts | 44 | €684,853 | €660,033 | -€24,820 | -3.6% |
| Suppliers | 440/4 | €684,853 | €660,033 | -€24,820 | -3.6% |
| Advances received on contracts in progress | 46 | - | €107,412 | +€107,412 | |
| Taxes, remuneration and social security | 45 | €169,330 | €149,005 | -€20,325 | -12.0% |
| Taxes | 450/3 | €11,939 | €7,505 | -€4,434 | -37.1% |
| Remuneration and social security | 454/9 | €157,391 | €141,500 | -€15,891 | -10.1% |
| Accrued charges and deferred income | 492/3 | €122,850 | €269,686 | +€146,836 | +119.5% |
| Remuneration, social security and pensions | 62 | €1,467,392 | €1,387,473 | -€79,919 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,698 | €75,109 | +€12,411 | +19.8% |
| Other operating charges | 640/8 | €66,293 | €76,027 | +€9,734 | +14.7% |
| Gross operating margin | 9900 | €1,661,061 | €1,628,735 | -€32,326 | -1.9% |
| Operating profit (loss) | 9901 | €64,679 | €90,126 | +€25,447 | +39.3% |
| Financial income | 75/76B | €3,607 | €7,546 | +€3,939 | +109.2% |
| Recurring financial income | 75 | €3,607 | €7,546 | +€3,939 | +109.2% |
| Financial charges | 65/66B | €82,489 | €88,788 | +€6,299 | +7.6% |
| Recurring financial charges | 65 | €82,489 | €88,788 | +€6,299 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,203 | €8,884 | +€23,087 | |
| Income taxes | 67/77 | €665 | €434 | -€231 | -34.7% |
| Profit (loss) for the period | 9904 | -€14,868 | €8,450 | +€23,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,868 | €8,450 | +€23,318 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.