POSTERISSIM: 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.
POSTERISSIM
Largest movements
- Tangible fixed assets -€12,924
down €12,924 (-22.2%), from €58,231 to €45,307
of which Furniture and vehicles: -€10,516
- Stocks and contracts -€12,518
down €12,518 (-1.7%), from €728,264 to €715,746
- Cash -€9,450
down €9,450 (-99.2%), from €9,528 to €78
mainly Other debts (-€34,054) and Receivables within one year (-€3,765)
- Other debts -€34,054
down €34,054 (-3.4%), from €1.0m to €978,496
- Gross operating margin -€49,167
down €49,167 (-82.7%), from €59,417 to €10,250
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 | €796,023 | €764,897 | -€31,126 | -3.9% |
| Fixed assets | 21/28 | €58,231 | €45,307 | -€12,924 | -22.2% |
| Tangible fixed assets | 22/27 | €58,231 | €45,307 | -€12,924 | -22.2% |
| Furniture and vehicles | 24 | €48,579 | €38,063 | -€10,516 | -21.6% |
| Other tangible fixed assets | 26 | €9,652 | €7,245 | -€2,407 | -24.9% |
| Current assets | 29/58 | €737,792 | €719,589 | -€18,203 | -2.5% |
| Stocks and contracts in progress | 3 | €728,264 | €715,746 | -€12,518 | -1.7% |
| Stocks | 30/36 | €728,264 | €715,746 | -€12,518 | -1.7% |
| Amounts receivable within one year | 40/41 | - | €3,765 | +€3,765 | |
| Trade receivables | 40 | - | €3,765 | +€3,765 | |
| Cash at bank and in hand | 54/58 | €9,528 | €78 | -€9,450 | -99.2% |
| Total equity and liabilities | 10/49 | €796,023 | €764,897 | -€31,126 | -3.9% |
| Equity | 10/15 | -€217,024 | -€220,058 | -€3,034 | -1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Profit (loss) carried forward | 14 | -€223,224 | -€226,258 | -€3,034 | -1.4% |
| Amounts payable | 17/49 | €1,013,047 | €984,955 | -€28,092 | -2.8% |
| Amounts payable within one year | 42/48 | €1,013,047 | €981,805 | -€31,242 | -3.1% |
| Taxes, remuneration and social security | 45 | €497 | €3,309 | +€2,812 | +565.7% |
| Taxes | 450/3 | €497 | €3,309 | +€2,812 | +565.7% |
| Other amounts payable | 47/48 | €1,012,550 | €978,496 | -€34,054 | -3.4% |
| Accrued charges and deferred income | 492/3 | - | €3,150 | +€3,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,923 | €12,923 | +€0 | 0.0% |
| Gross operating margin | 9900 | €59,417 | €10,250 | -€49,167 | -82.7% |
| Operating profit (loss) | 9901 | €46,494 | -€2,674 | -€49,168 | |
| Financial charges | 65/66B | €186 | €285 | +€99 | +53.4% |
| Recurring financial charges | 65 | €186 | €285 | +€99 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | €46,308 | -€2,959 | -€49,267 | |
| Income taxes | 67/77 | €72 | €75 | +€3 | +3.8% |
| Profit (loss) for the period | 9904 | €46,236 | -€3,034 | -€49,270 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,236 | -€3,034 | -€49,270 |
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 3 October 2026 via checked.be.