NEWS PUBLISHING: 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 PUBLISHING
Largest movements
- Cash +€113,828
up €113,828 (+84.6%), from €134,505 to €248,333
mainly Net result for the year (+€65,217) and Receivables within one year (+€53,752)
- Receivables within one year -€53,752
down €53,752 (-38.4%), from €140,093 to €86,342
of which Trade receivables: -€53,593
- Other debts +€52,022
up €52,022 (+323%), from €16,102 to €68,124
- Trade debts +€14,548
up €14,548 (+17.3%), from €84,227 to €98,775
- Tax, wage and social debts -€6,741
down €6,741 (-66.5%), from €10,144 to €3,403
- Gross operating margin +€40,142
up €40,142 (+32.3%), from €124,454 to €164,597
- Taxes +€13,392
up €13,392 (+76.5%), from €17,505 to €30,897
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 | €280,598 | €338,674 | +€58,076 | +20.7% |
| Fixed assets | 21/28 | €6,000 | €4,000 | -€2,000 | -33.3% |
| Intangible fixed assets | 21 | €6,000 | €4,000 | -€2,000 | -33.3% |
| Current assets | 29/58 | €274,598 | €334,674 | +€60,076 | +21.9% |
| Amounts receivable within one year | 40/41 | €140,093 | €86,342 | -€53,752 | -38.4% |
| Trade receivables | 40 | €130,029 | €76,436 | -€53,593 | -41.2% |
| Other amounts receivable | 41 | €10,064 | €9,906 | -€159 | -1.6% |
| Cash at bank and in hand | 54/58 | €134,505 | €248,333 | +€113,828 | +84.6% |
| Total equity and liabilities | 10/49 | €280,598 | €338,674 | +€58,076 | +20.7% |
| Equity | 10/15 | €170,125 | €168,372 | -€1,753 | -1.0% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €160,430 | €158,676 | -€1,754 | -1.1% |
| Distributable reserves | 133 | €160,430 | €158,676 | -€1,754 | -1.1% |
| Profit (loss) carried forward | 14 | €3,095 | €3,096 | +€1 | 0.0% |
| Amounts payable | 17/49 | €110,473 | €170,302 | +€59,829 | +54.2% |
| Amounts payable within one year | 42/48 | €110,473 | €170,302 | +€59,829 | +54.2% |
| Trade debts | 44 | €84,227 | €98,775 | +€14,548 | +17.3% |
| Suppliers | 440/4 | €84,227 | €98,775 | +€14,548 | +17.3% |
| Taxes, remuneration and social security | 45 | €10,144 | €3,403 | -€6,741 | -66.5% |
| Taxes | 450/3 | €10,144 | €3,403 | -€6,741 | -66.5% |
| Other amounts payable | 47/48 | €16,102 | €68,124 | +€52,022 | +323% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €67,480 | €65,923 | -€1,557 | -2.3% |
| Other operating charges | 640/8 | €592 | €1,547 | +€955 | +161% |
| Gross operating margin | 9900 | €124,454 | €164,597 | +€40,142 | +32.3% |
| Operating profit (loss) | 9901 | €54,383 | €95,126 | +€40,744 | +74.9% |
| Financial income | 75/76B | €448 | €1,175 | +€727 | +162% |
| Recurring financial income | 75 | €448 | €1,175 | +€727 | +162% |
| Financial charges | 65/66B | €316 | €187 | -€129 | -40.7% |
| Recurring financial charges | 65 | €316 | €187 | -€129 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €54,515 | €96,114 | +€41,599 | +76.3% |
| Income taxes | 67/77 | €17,505 | €30,897 | +€13,392 | +76.5% |
| Profit (loss) for the period | 9904 | €37,009 | €65,217 | +€28,207 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,009 | €65,217 | +€28,207 | +76.2% |
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 16 October 2026 via checked.be.