NEWS FIRST: 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.
NEWS FIRST
Largest movements
- Cash -€399,085
down €399,085 (-24.9%), from €1.6m to €1.2m
mainly Trade debts (-€600,539)
- Trade debts -€600,539
down €600,539 (-68.0%), from €883,225 to €282,686
- Reserves +€168,734
up €168,734 (+24.6%), from €687,263 to €855,997
- Tax, wage and social debts +€17,331
new in 2025: €17,331
- Gross operating margin +€92,149
up €92,149 (+67.4%), from €136,779 to €228,928
- Taxes +€17,532
up €17,532 (+44.1%), from €39,799 to €57,331
- Other operating charges +€2,509
new in 2025: €2,509
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 | €1,615,944 | €1,205,191 | -€410,753 | -25.4% |
| Current assets | 29/58 | €1,615,944 | €1,205,191 | -€410,753 | -25.4% |
| Amounts receivable within one year | 40/41 | €12,563 | €895 | -€11,668 | -92.9% |
| Other amounts receivable | 41 | €12,563 | €895 | -€11,668 | -92.9% |
| Cash at bank and in hand | 54/58 | €1,603,381 | €1,204,296 | -€399,085 | -24.9% |
| Total equity and liabilities | 10/49 | €1,615,944 | €1,205,191 | -€410,753 | -25.4% |
| Equity | 10/15 | €689,763 | €858,497 | +€168,734 | +24.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €687,263 | €855,997 | +€168,734 | +24.6% |
| Distributable reserves | 133 | €687,263 | €855,997 | +€168,734 | +24.6% |
| Amounts payable | 17/49 | €926,181 | €346,694 | -€579,487 | -62.6% |
| Amounts payable within one year | 42/48 | €926,181 | €346,694 | -€579,487 | -62.6% |
| Trade debts | 44 | €883,225 | €282,686 | -€600,539 | -68.0% |
| Suppliers | 440/4 | €883,225 | €282,686 | -€600,539 | -68.0% |
| Taxes, remuneration and social security | 45 | - | €17,331 | +€17,331 | |
| Taxes | 450/3 | - | €17,331 | +€17,331 | |
| Other amounts payable | 47/48 | €42,956 | €46,677 | +€3,721 | +8.7% |
| Other operating charges | 640/8 | - | €2,509 | +€2,509 | |
| Gross operating margin | 9900 | €136,779 | €228,928 | +€92,149 | +67.4% |
| Operating profit (loss) | 9901 | €136,779 | €226,419 | +€89,640 | +65.5% |
| Financial charges | 65/66B | €269 | €354 | +€85 | +31.6% |
| Recurring financial charges | 65 | €269 | €354 | +€85 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €136,510 | €226,065 | +€89,555 | +65.6% |
| Income taxes | 67/77 | €39,799 | €57,331 | +€17,532 | +44.1% |
| Profit (loss) for the period | 9904 | €96,711 | €168,734 | +€72,023 | +74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €96,711 | €168,734 | +€72,023 | +74.5% |
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 19 October 2026 via checked.be.