POSTELMANS: 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.
POSTELMANS
Largest movements
- Receivables within one year -€44,239
down €44,239 (-69.8%), from €63,341 to €19,102
of which Other amounts receivable: -€29,361
- Stocks and contracts -€7,498
down €7,498 (-2.5%), from €298,736 to €291,238
- Tangible fixed assets +€6,823
up €6,823 (+13.9%), from €49,146 to €55,969
of which Plant, machinery and equipment: +€11,348
- Cash -€6,804
down €6,804 (-33.0%), from €20,636 to €13,832
mainly Trade debts (-€179,694) and Investment in fixed assets (net) (-€21,230)
- Deferred charges and accrued income +€4,742
up €4,742 (+241.2%), from €1,966 to €6,708
- Trade debts -€179,694
down €179,694 (-85.2%), from €210,870 to €31,176
- Other debts +€63,973
up €63,973 (+6.2%), from €1.0m to €1.1m
- Profit (loss) carried forward +€58,499
up €58,499 (+5.8%), from -€1.0m to -€943,600
- Tax, wage and social debts +€9,063
up €9,063 (+88.3%), from €10,263 to €19,326
of which Taxes: +€10,121
- Gross operating margin +€157,184
up €157,184, from -€25,971 to €131,214
- Staff costs +€11,033
up €11,033 (+23.9%), from €46,202 to €57,235
- Depreciation +€2,836
up €2,836 (+24.5%), from €11,571 to €14,406
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 | €434,525 | €387,550 | -€46,976 | -10.8% |
| Fixed assets | 21/28 | €49,846 | €56,669 | +€6,823 | +13.7% |
| Tangible fixed assets | 22/27 | €49,146 | €55,969 | +€6,823 | +13.9% |
| Land and buildings | 22 | €20,601 | €16,159 | -€4,442 | -21.6% |
| Plant, machinery and equipment | 23 | €28,163 | €39,511 | +€11,348 | +40.3% |
| Furniture and vehicles | 24 | €382 | €300 | -€82 | -21.6% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €384,679 | €330,881 | -€53,799 | -14.0% |
| Stocks and contracts in progress | 3 | €298,736 | €291,238 | -€7,498 | -2.5% |
| Stocks | 30/36 | €298,736 | €291,238 | -€7,498 | -2.5% |
| Amounts receivable within one year | 40/41 | €63,341 | €19,102 | -€44,239 | -69.8% |
| Trade receivables | 40 | €28,912 | €14,035 | -€14,877 | -51.5% |
| Other amounts receivable | 41 | €34,429 | €5,067 | -€29,361 | -85.3% |
| Cash at bank and in hand | 54/58 | €20,636 | €13,832 | -€6,804 | -33.0% |
| Deferred charges and accrued income | 490/1 | €1,966 | €6,708 | +€4,742 | +241.2% |
| Total equity and liabilities | 10/49 | €434,525 | €387,550 | -€46,976 | -10.8% |
| Equity | 10/15 | -€824,389 | -€765,890 | +€58,499 | +7.1% |
| Contributions | 10/11 | €160,982 | €160,982 | = | 0.0% |
| Capital | 10 | €160,982 | €160,982 | = | 0.0% |
| Issued capital | 100 | €160,982 | €160,982 | = | 0.0% |
| Reserves | 13 | €16,728 | €16,728 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,098 | €16,098 | = | 0.0% |
| Legal reserve | 130 | €16,098 | €16,098 | = | 0.0% |
| Distributable reserves | 133 | €629 | €629 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,002,099 | -€943,600 | +€58,499 | +5.8% |
| Amounts payable | 17/49 | €1,258,915 | €1,153,440 | -€105,475 | -8.4% |
| Amounts payable within one year | 42/48 | €1,255,915 | €1,149,257 | -€106,658 | -8.5% |
| Trade debts | 44 | €210,870 | €31,176 | -€179,694 | -85.2% |
| Suppliers | 440/4 | €210,870 | €31,176 | -€179,694 | -85.2% |
| Taxes, remuneration and social security | 45 | €10,263 | €19,326 | +€9,063 | +88.3% |
| Taxes | 450/3 | €4,034 | €14,155 | +€10,121 | +250.9% |
| Remuneration and social security | 454/9 | €6,229 | €5,171 | -€1,058 | -17.0% |
| Other amounts payable | 47/48 | €1,034,782 | €1,098,755 | +€63,973 | +6.2% |
| Accrued charges and deferred income | 492/3 | €3,000 | €4,183 | +€1,183 | +39.4% |
| Non-recurring operating income | 76A | - | €605 | +€605 | |
| Remuneration, social security and pensions | 62 | €46,202 | €57,235 | +€11,033 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,571 | €14,406 | +€2,836 | +24.5% |
| Other operating charges | 640/8 | €810 | €984 | +€173 | +21.4% |
| Gross operating margin | 9900 | -€25,971 | €131,214 | +€157,184 | |
| Operating profit (loss) | 9901 | -€84,554 | €58,589 | +€143,143 | |
| Financial income | 75/76B | €12 | €94 | +€82 | +709.8% |
| Recurring financial income | 75 | €12 | €94 | +€82 | +709.8% |
| Financial charges | 65/66B | €280 | €184 | -€96 | -34.2% |
| Recurring financial charges | 65 | €280 | €184 | -€96 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€84,822 | €58,499 | +€143,321 | |
| Profit (loss) for the period | 9904 | -€84,822 | €58,499 | +€143,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,822 | €58,499 | +€143,321 |
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 8 October 2026 via checked.be.