POSTHUMUS: 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.
What changed
POSTHUMUS
NACE 46.620, Wholesale of machine tools
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€216
2024 · -€240,397+€240,180
Equity
€76,598
2024 · €76,815-€216
Cash
€93,681
2024 · €96,690-€3,009
Balance sheet total
€961,436
2024 · €722,468+€238,967
Largest movements
Assets
- Stocks and contracts +€193,195
up €193,195 (+98.6%), from €195,849 to €389,045
- Receivables within one year +€157,026
up €157,026 (+74.1%), from €211,869 to €368,896
- Tangible fixed assets -€97,974
down €97,974 (-58.8%), from €166,576 to €68,603
of which Land and buildings: -€126,375
- Intangible fixed assets -€13,000
down €13,000 (-40.4%), from €32,163 to €19,163
Equity and liabilities
- Trade debts +€184,219
up €184,219 (+57.8%), from €318,618 to €502,837
- Accrued charges and deferred income +€31,699
up €31,699 (+1,139%), from €2,783 to €34,482
- Short-term financial debts +€16,740
new in 2025: €16,740
- Other debts +€14,978
up €14,978 (+594%), from €2,520 to €17,498
Income statement
- Gross operating margin +€381,062
up €381,062 (+65.1%), from €585,189 to €966,251
- Staff costs +€63,036
up €63,036 (+8.3%), from €758,328 to €821,364
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.
Result 2024
-€240,397
Gross operating margin
+€381,062
Staff costs
-€63,036
Depreciation
+€1,550
Write-downs
-€153
Other operating charges
-€229
Other operating items
-€79,231
Financial income
+€2,051
Financial charges
-€1,856
Taxes
+€22
Result 2025
-€216
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€82,728
Investment
+€70,571
Financing
+€9,148
Cash 2024
€96,690
From operations (derived)
-€82,728
Net result for the year
-€216
Depreciation
+€40,202
Stocks and contracts
-€193,195
Receivables within one year
-€157,026
Deferred charges and accrued income
-€2,529
Trade debts
+€184,219
Tax, wage and social debts
-€860
Other debts
+€14,978
Accrued charges and deferred income
+€31,699
Investment (derived)
+€70,571
Investment in fixed assets (net)
+€70,571
Financing
+€9,148
Debts after one year
-€1,910
Current portion of long-term debt
-€5,683
Short-term financial debts
+€16,740
Cash 2025
€93,681
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €722,468 | €961,436 | +€238,967 | +33.1% |
| Fixed assets | 21/28 | €204,231 | €93,457 | -€110,774 | -54.2% |
| Intangible fixed assets | 21 | €32,163 | €19,163 | -€13,000 | -40.4% |
| Tangible fixed assets | 22/27 | €166,576 | €68,603 | -€97,974 | -58.8% |
| Land and buildings | 22 | €126,375 | - | -€126,375 | |
| Plant, machinery and equipment | 23 | €17,841 | €17,489 | -€352 | -2.0% |
| Furniture and vehicles | 24 | €22,361 | €11,179 | -€11,182 | -50.0% |
| Other tangible fixed assets | 26 | - | €39,935 | +€39,935 | |
| Financial fixed assets | 28 | €5,492 | €5,692 | +€200 | +3.6% |
| Current assets | 29/58 | €518,237 | €867,978 | +€349,741 | +67.5% |
| Stocks and contracts in progress | 3 | €195,849 | €389,045 | +€193,195 | +98.6% |
| Stocks | 30/36 | €195,849 | €389,045 | +€193,195 | +98.6% |
| Amounts receivable within one year | 40/41 | €211,869 | €368,896 | +€157,026 | +74.1% |
| Trade receivables | 40 | €211,869 | €368,896 | +€157,026 | +74.1% |
| Cash at bank and in hand | 54/58 | €96,690 | €93,681 | -€3,009 | -3.1% |
| Deferred charges and accrued income | 490/1 | €13,829 | €16,357 | +€2,529 | +18.3% |
| Total equity and liabilities | 10/49 | €722,468 | €961,436 | +€238,967 | +33.1% |
| Equity | 10/15 | €76,815 | €76,598 | -€216 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,614 | €8,398 | -€216 | -2.5% |
| Amounts payable | 17/49 | €645,654 | €884,837 | +€239,183 | +37.0% |
| Amounts payable after more than one year | 17 | €215,910 | €214,000 | -€1,910 | -0.9% |
| Financial debts | 170/4 | €215,910 | €214,000 | -€1,910 | -0.9% |
| Amounts payable within one year | 42/48 | €426,961 | €636,355 | +€209,394 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €7,592 | €1,910 | -€5,683 | -74.8% |
| Financial debts | 43 | - | €16,740 | +€16,740 | |
| Credit institutions | 430/8 | - | €16,740 | +€16,740 | |
| Trade debts | 44 | €318,618 | €502,837 | +€184,219 | +57.8% |
| Suppliers | 440/4 | €318,618 | €502,837 | +€184,219 | +57.8% |
| Taxes, remuneration and social security | 45 | €98,231 | €97,371 | -€860 | -0.9% |
| Taxes | 450/3 | €14,746 | €14,141 | -€604 | -4.1% |
| Remuneration and social security | 454/9 | €83,485 | €83,229 | -€256 | -0.3% |
| Other amounts payable | 47/48 | €2,520 | €17,498 | +€14,978 | +594% |
| Accrued charges and deferred income | 492/3 | €2,783 | €34,482 | +€31,699 | +1,139% |
| Non-recurring operating income | 76A | - | €3,509 | +€3,509 | |
| Remuneration, social security and pensions | 62 | €758,328 | €821,364 | +€63,036 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,752 | €40,202 | -€1,550 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€153 | - | +€153 | |
| Other operating charges | 640/8 | €12,300 | €12,528 | +€229 | +1.9% |
| Non-recurring operating charges | 66A | - | €79,231 | +€79,231 | |
| Gross operating margin | 9900 | €585,189 | €966,251 | +€381,062 | +65.1% |
| Operating profit (loss) | 9901 | -€227,038 | €12,925 | +€239,963 | |
| Financial income | 75/76B | €15,686 | €17,738 | +€2,051 | +13.1% |
| Recurring financial income | 75 | €14,659 | €17,738 | +€3,079 | +21.0% |
| Non-recurring financial income | 76B | €1,028 | - | -€1,028 | |
| Financial charges | 65/66B | €28,131 | €29,987 | +€1,856 | +6.6% |
| Recurring financial charges | 65 | €28,131 | €29,987 | +€1,856 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€239,483 | €675 | +€240,158 | |
| Income taxes | 67/77 | €914 | €892 | -€22 | -2.4% |
| Profit (loss) for the period | 9904 | -€240,397 | -€216 | +€240,180 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€240,397 | -€216 | +€240,180 | +99.9% |
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 13 October 2026 via checked.be.