Promotion, Trading & Coordination: 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.
Promotion, Trading & Coordination
Largest movements
- Tangible fixed assets -€9,159
down €9,159 (-45.2%), from €20,271 to €11,113
- Cash -€5,440
down €5,440 (-93.8%), from €5,800 to €361
mainly Trade debts (-€13,753) and Tax, wage and social debts (-€13,019)
- Receivables within one year -€3,180
down €3,180 (-1.2%), from €263,787 to €260,607
of which Trade receivables: -€7,384
- Other debts +€20,004
up €20,004 (+10.2%), from €196,341 to €216,344
- Trade debts -€13,753
down €13,753 (-33.6%), from €40,889 to €27,136
- Tax, wage and social debts -€13,019
no longer reported in 2025 (was €13,019)
- Profit (loss) carried forward -€11,011
down €11,011 (-6.8%), from -€161,980 to -€172,991
- Gross operating margin -€88,066
down €88,066 (-92.5%), from €95,194 to €7,128
- Depreciation -€22,105
down €22,105 (-70.7%), from €31,263 to €9,159
- Other operating charges +€4,281
up €4,281 (+154%), from €2,777 to €7,058
- Financial income -€2,160
down €2,160 (-96.8%), from €2,231 to €71
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 | €290,359 | €272,580 | -€17,778 | -6.1% |
| Fixed assets | 21/28 | €20,771 | €11,613 | -€9,159 | -44.1% |
| Tangible fixed assets | 22/27 | €20,271 | €11,113 | -€9,159 | -45.2% |
| Furniture and vehicles | 24 | €20,271 | €11,113 | -€9,159 | -45.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €269,587 | €260,968 | -€8,619 | -3.2% |
| Amounts receivable within one year | 40/41 | €263,787 | €260,607 | -€3,180 | -1.2% |
| Trade receivables | 40 | €257,146 | €249,763 | -€7,384 | -2.9% |
| Other amounts receivable | 41 | €6,640 | €10,844 | +€4,204 | +63.3% |
| Cash at bank and in hand | 54/58 | €5,800 | €361 | -€5,440 | -93.8% |
| Total equity and liabilities | 10/49 | €290,359 | €272,580 | -€17,778 | -6.1% |
| Equity | 10/15 | -€143,227 | -€154,237 | -€11,011 | -7.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €161 | €161 | = | 0.0% |
| Non-distributable reserves | 130/1 | €161 | €161 | = | 0.0% |
| Reserves not available under the articles | 1311 | €161 | €161 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,980 | -€172,991 | -€11,011 | -6.8% |
| Amounts payable | 17/49 | €433,585 | €426,818 | -€6,768 | -1.6% |
| Amounts payable after more than one year | 17 | €173,337 | €173,337 | = | 0.0% |
| Financial debts | 170/4 | €173,337 | €173,337 | = | 0.0% |
| Amounts payable within one year | 42/48 | €260,249 | €253,481 | -€6,768 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €40,889 | €27,136 | -€13,753 | -33.6% |
| Suppliers | 440/4 | €40,889 | €27,136 | -€13,753 | -33.6% |
| Taxes, remuneration and social security | 45 | €13,019 | - | -€13,019 | |
| Remuneration and social security | 454/9 | €13,019 | - | -€13,019 | |
| Other amounts payable | 47/48 | €196,341 | €216,344 | +€20,004 | +10.2% |
| Non-recurring operating income | 76A | €96,000 | €13,258 | -€82,742 | -86.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,263 | €9,159 | -€22,105 | -70.7% |
| Other operating charges | 640/8 | €2,777 | €7,058 | +€4,281 | +154% |
| Gross operating margin | 9900 | €95,194 | €7,128 | -€88,066 | -92.5% |
| Operating profit (loss) | 9901 | €61,153 | -€9,089 | -€70,242 | |
| Financial income | 75/76B | €2,231 | €71 | -€2,160 | -96.8% |
| Recurring financial income | 75 | €2,231 | €71 | -€2,160 | -96.8% |
| Financial charges | 65/66B | €1,335 | €1,348 | +€13 | +0.9% |
| Recurring financial charges | 65 | €1,335 | €1,348 | +€13 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €62,049 | -€10,365 | -€72,415 | |
| Income taxes | 67/77 | €3 | €645 | +€642 | +19,687% |
| Profit (loss) for the period | 9904 | €62,046 | -€11,011 | -€73,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,046 | -€11,011 | -€73,057 |
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 25 October 2026 via checked.be.