POSTEL TER HEYDE: 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.
POSTEL TER HEYDE
Largest movements
- Receivables after one year +€100,000
new in 2025: €100,000
- Stocks and contracts -€37,300
no longer reported in 2025 (was €37,300)
- Tangible fixed assets -€25,577
down €25,577 (-22.3%), from €114,602 to €89,025
of which Furniture and vehicles: -€18,052
- Receivables within one year -€22,592
down €22,592 (-14.6%), from €154,643 to €132,052
of which Trade receivables: -€21,421
- Cash -€14,884
down €14,884 (-86.2%), from €17,266 to €2,382
mainly Receivables after one year (-€100,000) and Debts after one year (-€17,313)
- Short-term financial debts +€18,262
up €18,262 (+11,905%), from €153 to €18,415
- Debts after one year -€17,313
down €17,313 (-92.1%), from €18,789 to €1,476
- Other debts +€12,689
up €12,689 (+30.8%), from €41,184 to €53,874
- Reserves +€11,572
up €11,572 (+7.7%), from €149,549 to €161,122
- Tax, wage and social debts -€9,742
down €9,742 (-37.5%), from €25,972 to €16,230
- Gross operating margin -€49,758
down €49,758 (-52.0%), from €95,761 to €46,003
- Taxes -€16,395
down €16,395 (-73.5%), from €22,304 to €5,909
- Other operating charges -€1,228
down €1,228 (-38.7%), from €3,177 to €1,949
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 | €324,017 | €326,586 | +€2,569 | +0.8% |
| Fixed assets | 21/28 | €114,726 | €89,150 | -€25,577 | -22.3% |
| Tangible fixed assets | 22/27 | €114,602 | €89,025 | -€25,577 | -22.3% |
| Land and buildings | 22 | €21,502 | €18,143 | -€3,359 | -15.6% |
| Plant, machinery and equipment | 23 | €14,901 | €10,735 | -€4,166 | -28.0% |
| Furniture and vehicles | 24 | €78,199 | €60,147 | -€18,052 | -23.1% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €209,291 | €237,436 | +€28,145 | +13.4% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Trade receivables | 290 | - | €100,000 | +€100,000 | |
| Stocks and contracts in progress | 3 | €37,300 | - | -€37,300 | |
| Stocks | 30/36 | €37,300 | - | -€37,300 | |
| Amounts receivable within one year | 40/41 | €154,643 | €132,052 | -€22,592 | -14.6% |
| Trade receivables | 40 | €49,210 | €27,789 | -€21,421 | -43.5% |
| Other amounts receivable | 41 | €105,434 | €104,263 | -€1,171 | -1.1% |
| Cash at bank and in hand | 54/58 | €17,266 | €2,382 | -€14,884 | -86.2% |
| Deferred charges and accrued income | 490/1 | €82 | €3,002 | +€2,921 | +3,582% |
| Total equity and liabilities | 10/49 | €324,017 | €326,586 | +€2,569 | +0.8% |
| Equity | 10/15 | €168,149 | €179,722 | +€11,572 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,549 | €161,122 | +€11,572 | +7.7% |
| Distributable reserves | 133 | €149,549 | €161,122 | +€11,572 | +7.7% |
| Amounts payable | 17/49 | €155,868 | €146,864 | -€9,004 | -5.8% |
| Amounts payable after more than one year | 17 | €18,789 | €1,476 | -€17,313 | -92.1% |
| Financial debts | 170/4 | €18,789 | €1,476 | -€17,313 | -92.1% |
| Amounts payable within one year | 42/48 | €137,078 | €142,888 | +€5,810 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €25,678 | €17,313 | -€8,364 | -32.6% |
| Financial debts | 43 | €153 | €18,415 | +€18,262 | +11,905% |
| Credit institutions | 430/8 | €153 | €18,415 | +€18,262 | +11,905% |
| Trade debts | 44 | €44,091 | €37,057 | -€7,035 | -16.0% |
| Suppliers | 440/4 | €44,091 | €37,057 | -€7,035 | -16.0% |
| Taxes, remuneration and social security | 45 | €25,972 | €16,230 | -€9,742 | -37.5% |
| Taxes | 450/3 | €25,972 | €16,230 | -€9,742 | -37.5% |
| Other amounts payable | 47/48 | €41,184 | €53,874 | +€12,689 | +30.8% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Non-recurring operating income | 76A | €1,924 | €558 | -€1,366 | -71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,991 | €25,577 | +€585 | +2.3% |
| Other operating charges | 640/8 | €3,177 | €1,949 | -€1,228 | -38.7% |
| Non-recurring operating charges | 66A | - | €1,200 | +€1,200 | |
| Gross operating margin | 9900 | €95,761 | €46,003 | -€49,758 | -52.0% |
| Operating profit (loss) | 9901 | €67,592 | €17,278 | -€50,315 | -74.4% |
| Financial income | 75/76B | €3,348 | €3,580 | +€232 | +6.9% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -94.6% |
| Non-recurring financial income | 76B | €3,342 | €3,580 | +€238 | +7.1% |
| Financial charges | 65/66B | €3,632 | €3,376 | -€256 | -7.0% |
| Recurring financial charges | 65 | €3,632 | €3,376 | -€256 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €67,309 | €17,482 | -€49,827 | -74.0% |
| Income taxes | 67/77 | €22,304 | €5,909 | -€16,395 | -73.5% |
| Profit (loss) for the period | 9904 | €45,004 | €11,572 | -€33,432 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,004 | €11,572 | -€33,432 | -74.3% |
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.