OVERDRESSED: 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.
What changed
OVERDRESSED
NACE 90.391, Promotion and organisation of arts and performing arts events
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€40,723
2024 · €230,812-€190,088
Equity
€315,553
2024 · €274,830+€40,723
Cash
€50,977
2024 · €38,610+€12,366
Balance sheet total
€1.3m
2024 · €1.3m+€56,590
Largest movements
Assets
- Tangible fixed assets +€54,764
up €54,764 (+4.6%), from €1.2m to €1.3m
of which Land and buildings: +€59,200
Equity and liabilities
- Profit (loss) carried forward +€52,234
up €52,234 (+60.8%), from -€85,902 to -€33,668
- Other debts -€25,732
down €25,732 (-3.8%), from €680,611 to €654,879
- Debts after one year +€20,725
up €20,725 (+12.8%), from €161,950 to €182,676
- Trade debts +€19,705
up €19,705 (+148.3%), from €13,283 to €32,988
Income statement
- Gross operating margin -€422,769
down €422,769 (-82.5%), from €512,460 to €89,691
- Other operating charges -€154,399
down €154,399 (-96.9%), from €159,349 to €4,949
- Depreciation +€9,234
up €9,234 (+27.9%), from €33,057 to €42,291
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.
Result 2024
€230,812
Gross operating margin
-€422,769
Depreciation
-€9,234
Other operating charges
+€154,399
Financial charges
+€785
Taxes
+€16
Deferred taxes and other
+€86,715
Result 2025
€40,723
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.
From operations
+€80,965
Investment
-€97,055
Financing
+€28,456
Cash 2024
€38,610
From operations (derived)
+€80,965
Net result for the year
+€40,723
Depreciation
+€42,291
Receivables within one year
+€12,173
Deferred charges and accrued income
-€1,634
Provisions
-€2,878
Trade debts
+€19,705
Tax, wage and social debts
-€4,084
Other debts
-€25,732
Accrued charges and deferred income
+€400
Investment (derived)
-€97,055
Investment in fixed assets (net)
-€97,055
Financing
+€28,456
Debts after one year
+€20,725
Current portion of long-term debt
+€7,731
Cash 2025
€50,977
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,262,669 | €1,319,260 | +€56,590 | +4.5% |
| Fixed assets | 21/28 | €1,198,812 | €1,253,576 | +€54,764 | +4.6% |
| Tangible fixed assets | 22/27 | €1,198,812 | €1,253,576 | +€54,764 | +4.6% |
| Land and buildings | 22 | €1,181,204 | €1,240,403 | +€59,200 | +5.0% |
| Plant, machinery and equipment | 23 | €2,458 | €1,868 | -€590 | -24.0% |
| Furniture and vehicles | 24 | €15,151 | €11,305 | -€3,846 | -25.4% |
| Current assets | 29/58 | €63,857 | €65,683 | +€1,826 | +2.9% |
| Amounts receivable within one year | 40/41 | €23,813 | €11,640 | -€12,173 | -51.1% |
| Trade receivables | 40 | €23,813 | €11,640 | -€12,173 | -51.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €38,610 | €50,977 | +€12,366 | +32.0% |
| Deferred charges and accrued income | 490/1 | €1,434 | €3,067 | +€1,634 | +114.0% |
| Total equity and liabilities | 10/49 | €1,262,669 | €1,319,260 | +€56,590 | +4.5% |
| Equity | 10/15 | €274,830 | €315,553 | +€40,723 | +14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342,132 | €330,621 | -€11,510 | -3.4% |
| Tax-exempt reserves | 132 | €340,272 | €328,761 | -€11,510 | -3.4% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,902 | -€33,668 | +€52,234 | +60.8% |
| Provisions and deferred taxes | 16 | €83,838 | €80,960 | -€2,878 | -3.4% |
| Deferred taxes | 168 | €83,838 | €80,960 | -€2,878 | -3.4% |
| Amounts payable | 17/49 | €904,002 | €922,746 | +€18,745 | +2.1% |
| Amounts payable after more than one year | 17 | €161,950 | €182,676 | +€20,725 | +12.8% |
| Financial debts | 170/4 | €161,950 | €182,676 | +€20,725 | +12.8% |
| Amounts payable within one year | 42/48 | €741,664 | €739,284 | -€2,381 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €31,062 | €38,793 | +€7,731 | +24.9% |
| Trade debts | 44 | €13,283 | €32,988 | +€19,705 | +148.3% |
| Suppliers | 440/4 | €13,283 | €32,988 | +€19,705 | +148.3% |
| Taxes, remuneration and social security | 45 | €16,708 | €12,623 | -€4,084 | -24.4% |
| Taxes | 450/3 | €16,708 | €12,623 | -€4,084 | -24.4% |
| Other amounts payable | 47/48 | €680,611 | €654,879 | -€25,732 | -3.8% |
| Accrued charges and deferred income | 492/3 | €387 | €787 | +€400 | +103.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,057 | €42,291 | +€9,234 | +27.9% |
| Other operating charges | 640/8 | €159,349 | €4,949 | -€154,399 | -96.9% |
| Gross operating margin | 9900 | €512,460 | €89,691 | -€422,769 | -82.5% |
| Operating profit (loss) | 9901 | €320,054 | €42,450 | -€277,604 | -86.7% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €5,215 | €4,431 | -€785 | -15.0% |
| Recurring financial charges | 65 | €5,215 | €4,431 | -€785 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €314,839 | €38,019 | -€276,819 | -87.9% |
| Transfer from deferred taxes | 780 | €2,490 | €2,878 | +€388 | +15.6% |
| Transfer to deferred taxes | 680 | €86,328 | €0 | -€86,328 | -100.0% |
| Income taxes | 67/77 | €190 | €174 | -€16 | -8.4% |
| Profit (loss) for the period | 9904 | €230,812 | €40,723 | -€190,088 | -82.4% |
| Transfer from tax-exempt reserves | 789 | €9,959 | €11,510 | +€1,551 | +15.6% |
| Transfer to tax-exempt reserves | 689 | €345,311 | €0 | -€345,311 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,540 | €52,234 | +€156,774 |
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 1 October 2026 via checked.be.