PHOTOGRAPHICDESIGN: 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.
PHOTOGRAPHICDESIGN
Largest movements
- Cash -€5,657
down €5,657 (-98.1%), from €5,767 to €110
mainly Other debts (-€9,047) and Tax, wage and social debts (-€3,416)
- Receivables within one year -€4,992
down €4,992 (-92.1%), from €5,420 to €428
of which Trade receivables: -€4,983
- Tangible fixed assets -€947
no longer reported in 2025 (was €947)
of which Plant, machinery and equipment: -€947
- Deferred charges and accrued income -€669
no longer reported in 2025 (was €669)
- Other debts -€9,047
down €9,047 (-83.7%), from €10,808 to €1,760
- Tax, wage and social debts -€3,416
no longer reported in 2025 (was €3,416)
- Trade debts +€1,508
up €1,508 (+72.6%), from €2,078 to €3,586
- Profit (loss) carried forward -€1,005
down €1,005 (-3.4%), from -€29,864 to -€30,869
- Short-term financial debts -€305
no longer reported in 2025 (was €305)
- Gross operating margin -€10,483
down €10,483, from €10,021 to -€461
- Financial charges -€1,129
down €1,129 (-89.9%), from €1,255 to €126
- Depreciation -€457
no longer reported in 2025 (was €457)
- Other operating charges -€115
down €115 (-21.6%), from €532 to €417
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 | €12,802 | €538 | -€12,265 | -95.8% |
| Fixed assets | 21/28 | €947 | - | -€947 | |
| Tangible fixed assets | 22/27 | €947 | - | -€947 | |
| Plant, machinery and equipment | 23 | €947 | - | -€947 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €11,855 | €538 | -€11,317 | -95.5% |
| Amounts receivable within one year | 40/41 | €5,420 | €428 | -€4,992 | -92.1% |
| Trade receivables | 40 | €5,286 | €303 | -€4,983 | -94.3% |
| Other amounts receivable | 41 | €135 | €125 | -€9 | -7.0% |
| Cash at bank and in hand | 54/58 | €5,767 | €110 | -€5,657 | -98.1% |
| Deferred charges and accrued income | 490/1 | €669 | - | -€669 | |
| Total equity and liabilities | 10/49 | €12,802 | €538 | -€12,265 | -95.8% |
| Equity | 10/15 | -€3,804 | -€4,809 | -€1,005 | -26.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,860 | €19,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,000 | - | -€18,000 | |
| Distributable reserves | 133 | €1,860 | €19,860 | +€18,000 | +968% |
| Profit (loss) carried forward | 14 | -€29,864 | -€30,869 | -€1,005 | -3.4% |
| Amounts payable | 17/49 | €16,606 | €5,347 | -€11,259 | -67.8% |
| Amounts payable within one year | 42/48 | €16,606 | €5,347 | -€11,259 | -67.8% |
| Financial debts | 43 | €305 | - | -€305 | |
| Credit institutions | 430/8 | €305 | - | -€305 | |
| Trade debts | 44 | €2,078 | €3,586 | +€1,508 | +72.6% |
| Suppliers | 440/4 | €2,078 | €3,586 | +€1,508 | +72.6% |
| Taxes, remuneration and social security | 45 | €3,416 | - | -€3,416 | |
| Taxes | 450/3 | €3,416 | - | -€3,416 | |
| Other amounts payable | 47/48 | €10,808 | €1,760 | -€9,047 | -83.7% |
| Non-recurring operating income | 76A | - | €8,103 | +€8,103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457 | - | -€457 | |
| Other operating charges | 640/8 | €532 | €417 | -€115 | -21.6% |
| Gross operating margin | 9900 | €10,021 | -€461 | -€10,483 | |
| Operating profit (loss) | 9901 | €9,033 | -€879 | -€9,911 | |
| Financial income | 75/76B | €34 | €0 | -€34 | -99.9% |
| Recurring financial income | 75 | €34 | €0 | -€34 | -99.9% |
| Financial charges | 65/66B | €1,255 | €126 | -€1,129 | -89.9% |
| Recurring financial charges | 65 | €1,255 | €126 | -€1,129 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €7,812 | -€1,005 | -€8,817 | |
| Profit (loss) for the period | 9904 | €7,812 | -€1,005 | -€8,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,812 | -€1,005 | -€8,817 |
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 17 October 2026 via checked.be.