POST SEBASTIAN: 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.
POST SEBASTIAN
Largest movements
- Cash +€106,408
up €106,408 (+42.3%), from €251,333 to €357,741
mainly Net result for the year (+€122,938) and Other debts (+€120,840)
- Other debts +€120,840
up €120,840 (+273%), from €44,284 to €165,123
- Debts after one year -€31,516
down €31,516 (-5.1%), from €622,824 to €591,308
- Reserves -€23,775
down €23,775 (-5.7%), from €418,135 to €394,361
- Tax, wage and social debts +€15,501
up €15,501 (+250%), from €6,202 to €21,703
of which Taxes: +€17,789
- Taxes +€5,983
up €5,983 (+11.4%), from €52,361 to €58,344
- Gross operating margin +€5,389
up €5,389 (+1.6%), from €330,921 to €336,310
- Staff costs -€5,252
down €5,252 (-5.6%), from €93,643 to €88,391
- Financial charges -€4,758
down €4,758 (-18.5%), from €25,666 to €20,907
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 | €1,146,624 | €1,235,353 | +€88,729 | +7.7% |
| Fixed assets | 21/28 | €862,085 | €853,116 | -€8,970 | -1.0% |
| Tangible fixed assets | 22/27 | €854,375 | €847,906 | -€6,470 | -0.8% |
| Land and buildings | 22 | €836,851 | €841,472 | +€4,620 | +0.6% |
| Plant, machinery and equipment | 23 | €3,908 | €2,168 | -€1,740 | -44.5% |
| Furniture and vehicles | 24 | €12,841 | €4,191 | -€8,650 | -67.4% |
| Other tangible fixed assets | 26 | €775 | €75 | -€700 | -90.3% |
| Financial fixed assets | 28 | €7,710 | €5,210 | -€2,500 | -32.4% |
| Current assets | 29/58 | €284,539 | €382,237 | +€97,698 | +34.3% |
| Amounts receivable within one year | 40/41 | €25,438 | €17,271 | -€8,167 | -32.1% |
| Trade receivables | 40 | €17,806 | €6,394 | -€11,412 | -64.1% |
| Other amounts receivable | 41 | €7,632 | €10,877 | +€3,245 | +42.5% |
| Cash at bank and in hand | 54/58 | €251,333 | €357,741 | +€106,408 | +42.3% |
| Deferred charges and accrued income | 490/1 | €7,767 | €7,225 | -€543 | -7.0% |
| Total equity and liabilities | 10/49 | €1,146,624 | €1,235,353 | +€88,729 | +7.7% |
| Equity | 10/15 | €436,735 | €412,961 | -€23,775 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €418,135 | €394,361 | -€23,775 | -5.7% |
| Distributable reserves | 133 | €418,135 | €394,361 | -€23,775 | -5.7% |
| Amounts payable | 17/49 | €709,889 | €822,392 | +€112,503 | +15.8% |
| Amounts payable after more than one year | 17 | €622,824 | €591,308 | -€31,516 | -5.1% |
| Financial debts | 170/4 | €622,824 | €591,308 | -€31,516 | -5.1% |
| Amounts payable within one year | 42/48 | €87,065 | €231,084 | +€144,019 | +165% |
| Current portion of amounts payable after more than one year | 42 | €30,686 | €31,516 | +€830 | +2.7% |
| Trade debts | 44 | €5,894 | €12,742 | +€6,849 | +116% |
| Suppliers | 440/4 | €5,894 | €12,742 | +€6,849 | +116% |
| Taxes, remuneration and social security | 45 | €6,202 | €21,703 | +€15,501 | +250% |
| Taxes | 450/3 | €1,590 | €19,380 | +€17,789 | +1,118% |
| Remuneration and social security | 454/9 | €4,612 | €2,323 | -€2,288 | -49.6% |
| Other amounts payable | 47/48 | €44,284 | €165,123 | +€120,840 | +273% |
| Remuneration, social security and pensions | 62 | €93,643 | €88,391 | -€5,252 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,720 | €46,504 | +€2,784 | +6.4% |
| Other operating charges | 640/8 | €2,661 | €5,313 | +€2,651 | +99.6% |
| Gross operating margin | 9900 | €330,921 | €336,310 | +€5,389 | +1.6% |
| Operating profit (loss) | 9901 | €190,897 | €196,102 | +€5,205 | +2.7% |
| Financial income | 75/76B | €6,808 | €6,087 | -€721 | -10.6% |
| Recurring financial income | 75 | €6,808 | €6,087 | -€721 | -10.6% |
| Financial charges | 65/66B | €25,666 | €20,907 | -€4,758 | -18.5% |
| Recurring financial charges | 65 | €25,666 | €20,907 | -€4,758 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €172,039 | €181,282 | +€9,243 | +5.4% |
| Income taxes | 67/77 | €52,361 | €58,344 | +€5,983 | +11.4% |
| Profit (loss) for the period | 9904 | €119,678 | €122,938 | +€3,260 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €119,678 | €122,938 | +€3,260 | +2.7% |
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 30 October 2026 via checked.be.