PROMOTIEMANAGEMENT: 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.
PROMOTIEMANAGEMENT
Largest movements
- Intangible fixed assets -€22,631
down €22,631 (-50.0%), from €45,262 to €22,631
- Receivables within one year -€19,325
down €19,325 (-7.4%), from €261,131 to €241,806
of which Other amounts receivable: -€12,065
- Current portion of long-term debt -€48,224
no longer reported in 2025 (was €48,224)
- Debts after one year -€15,000
down €15,000 (-5.8%), from €260,000 to €245,000
- Financial charges -€280,647
down €280,647 (-99.8%), from €281,333 to €687
of which Non-recurring financial charges: -€276,951
- Gross operating margin -€167,184
down €167,184 (-81.4%), from €205,439 to €38,255
- Taxes +€19,909
up €19,909, from -€19,733 to €176
- Depreciation -€5,795
down €5,795 (-14.3%), from €40,594 to €34,799
- Write-downs -€3,500
no longer reported in 2025 (was €3,500)
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 | €1,432,528 | €1,367,119 | -€65,408 | -4.6% |
| Fixed assets | 21/28 | €1,123,627 | €1,088,828 | -€34,799 | -3.1% |
| Intangible fixed assets | 21 | €45,262 | €22,631 | -€22,631 | -50.0% |
| Tangible fixed assets | 22/27 | €16,965 | €4,797 | -€12,168 | -71.7% |
| Plant, machinery and equipment | 23 | €3,224 | €2,574 | -€650 | -20.2% |
| Furniture and vehicles | 24 | €11,026 | €413 | -€10,613 | -96.3% |
| Other tangible fixed assets | 26 | €2,714 | €1,810 | -€905 | -33.3% |
| Financial fixed assets | 28 | €1,061,400 | €1,061,400 | = | 0.0% |
| Current assets | 29/58 | €308,901 | €278,291 | -€30,610 | -9.9% |
| Amounts receivable within one year | 40/41 | €261,131 | €241,806 | -€19,325 | -7.4% |
| Trade receivables | 40 | €10,740 | €3,480 | -€7,260 | -67.6% |
| Other amounts receivable | 41 | €250,391 | €238,326 | -€12,065 | -4.8% |
| Cash at bank and in hand | 54/58 | €23,753 | €12,405 | -€11,348 | -47.8% |
| Deferred charges and accrued income | 490/1 | €24,016 | €24,080 | +€63 | +0.3% |
| Total equity and liabilities | 10/49 | €1,432,528 | €1,367,119 | -€65,408 | -4.6% |
| Equity | 10/15 | €760,902 | €762,627 | +€1,726 | +0.2% |
| Contributions | 10/11 | €700,669 | €700,669 | = | 0.0% |
| Reserves | 13 | €67,219 | €67,219 | = | 0.0% |
| Distributable reserves | 133 | €67,219 | €67,219 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,986 | -€5,260 | +€1,726 | +24.7% |
| Amounts payable | 17/49 | €671,626 | €604,492 | -€67,134 | -10.0% |
| Amounts payable after more than one year | 17 | €260,000 | €245,000 | -€15,000 | -5.8% |
| Financial debts | 170/4 | €260,000 | €245,000 | -€15,000 | -5.8% |
| Amounts payable within one year | 42/48 | €134,675 | €81,528 | -€53,147 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €48,224 | - | -€48,224 | |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €2,463 | €398 | -€2,065 | -83.8% |
| Suppliers | 440/4 | €2,463 | €398 | -€2,065 | -83.8% |
| Taxes, remuneration and social security | 45 | €7,088 | €3,089 | -€3,999 | -56.4% |
| Taxes | 450/3 | €7,088 | €3,089 | -€3,999 | -56.4% |
| Other amounts payable | 47/48 | €1,900 | €3,041 | +€1,141 | +60.1% |
| Accrued charges and deferred income | 492/3 | €276,951 | €277,964 | +€1,012 | +0.4% |
| Non-recurring operating income | 76A | €156,201 | - | -€156,201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,594 | €34,799 | -€5,795 | -14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,500 | - | -€3,500 | |
| Other operating charges | 640/8 | €2,509 | €1,043 | -€1,466 | -58.4% |
| Gross operating margin | 9900 | €205,439 | €38,255 | -€167,184 | -81.4% |
| Operating profit (loss) | 9901 | €158,836 | €2,413 | -€156,423 | -98.5% |
| Financial income | 75/76B | - | €175 | +€175 | |
| Recurring financial income | 75 | - | €175 | +€175 | |
| Non-recurring financial income | 76B | - | €175 | +€175 | |
| Financial charges | 65/66B | €281,333 | €687 | -€280,647 | -99.8% |
| Recurring financial charges | 65 | €4,382 | €687 | -€3,695 | -84.3% |
| Non-recurring financial charges | 66B | €276,951 | - | -€276,951 | |
| Profit (loss) for the period before taxes | 9903 | -€122,497 | €1,902 | +€124,399 | |
| Income taxes | 67/77 | -€19,733 | €176 | +€19,909 | |
| Profit (loss) for the period | 9904 | -€102,764 | €1,726 | +€104,490 | |
| Profit (loss) for the period to be appropriated | 9905 | -€102,764 | €1,726 | +€104,490 |
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 20 October 2026 via checked.be.