ON AIR: 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.
ON AIR
Largest movements
- Current investments -€26,511
down €26,511 (-32.2%), from €82,223 to €55,711
- Cash +€15,588
up €15,588 (+108.0%), from €14,427 to €30,015
mainly Current investments (+€26,511) and Net result for the year (+€18,782)
- Receivables within one year +€5,496
up €5,496 (+187.3%), from €2,934 to €8,430
of which Trade receivables: +€6,533
- Tangible fixed assets -€3,882
down €3,882 (-3.9%), from €99,309 to €95,427
of which Furniture and vehicles: -€5,388
- Deferred charges and accrued income +€3,053
up €3,053 (+1557.3%), from €196 to €3,249
- Reserves -€9,530
down €9,530 (-5.7%), from €166,550 to €157,020
- Tax, wage and social debts +€2,496
up €2,496 (+115.2%), from €2,167 to €4,663
of which Remuneration and social security: +€2,450
- Gross operating margin +€7,629
up €7,629 (+20.2%), from €37,708 to €45,338
- Other operating charges +€3,843
up €3,843 (+87.8%), from €4,375 to €8,217
- Taxes +€1,128
up €1,128 (+15.8%), from €7,141 to €8,269
- Depreciation +€994
up €994 (+10.5%), from €9,489 to €10,484
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 | €199,233 | €192,976 | -€6,256 | -3.1% |
| Fixed assets | 21/28 | €99,453 | €95,571 | -€3,882 | -3.9% |
| Tangible fixed assets | 22/27 | €99,309 | €95,427 | -€3,882 | -3.9% |
| Land and buildings | 22 | €77,449 | €78,955 | +€1,506 | +1.9% |
| Furniture and vehicles | 24 | €21,860 | €16,473 | -€5,388 | -24.6% |
| Financial fixed assets | 28 | €144 | €144 | = | 0.0% |
| Current assets | 29/58 | €99,780 | €97,405 | -€2,375 | -2.4% |
| Amounts receivable within one year | 40/41 | €2,934 | €8,430 | +€5,496 | +187.3% |
| Trade receivables | 40 | €1 | €6,534 | +€6,533 | +544400.0% |
| Other amounts receivable | 41 | €2,933 | €1,896 | -€1,037 | -35.3% |
| Current investments | 50/53 | €82,223 | €55,711 | -€26,511 | -32.2% |
| Cash at bank and in hand | 54/58 | €14,427 | €30,015 | +€15,588 | +108.0% |
| Deferred charges and accrued income | 490/1 | €196 | €3,249 | +€3,053 | +1557.3% |
| Total equity and liabilities | 10/49 | €199,233 | €192,976 | -€6,256 | -3.1% |
| Equity | 10/15 | €185,100 | €175,570 | -€9,530 | -5.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €166,550 | €157,020 | -€9,530 | -5.7% |
| Distributable reserves | 133 | €166,550 | €157,020 | -€9,530 | -5.7% |
| Amounts payable | 17/49 | €14,133 | €17,407 | +€3,274 | +23.2% |
| Amounts payable within one year | 42/48 | €14,133 | €17,407 | +€3,274 | +23.2% |
| Trade debts | 44 | €4,166 | €3,777 | -€388 | -9.3% |
| Suppliers | 440/4 | €4,166 | €3,777 | -€388 | -9.3% |
| Taxes, remuneration and social security | 45 | €2,167 | €4,663 | +€2,496 | +115.2% |
| Taxes | 450/3 | €2,167 | €2,213 | +€46 | +2.1% |
| Remuneration and social security | 454/9 | - | €2,450 | +€2,450 | |
| Other amounts payable | 47/48 | €7,800 | €8,967 | +€1,166 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,489 | €10,484 | +€994 | +10.5% |
| Other operating charges | 640/8 | €4,375 | €8,217 | +€3,843 | +87.8% |
| Gross operating margin | 9900 | €37,708 | €45,338 | +€7,629 | +20.2% |
| Operating profit (loss) | 9901 | €23,844 | €26,637 | +€2,792 | +11.7% |
| Financial income | 75/76B | €245 | €550 | +€305 | +124.6% |
| Recurring financial income | 75 | €245 | €550 | +€305 | +124.6% |
| Financial charges | 65/66B | €130 | €136 | +€6 | +4.5% |
| Recurring financial charges | 65 | €130 | €136 | +€6 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €23,959 | €27,051 | +€3,092 | +12.9% |
| Income taxes | 67/77 | €7,141 | €8,269 | +€1,128 | +15.8% |
| Profit (loss) for the period | 9904 | €16,818 | €18,782 | +€1,964 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,818 | €18,782 | +€1,964 | +11.7% |
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 10 October 2026 via checked.be.