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RESET BUTTON: 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.

What changed

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BE 0541.365.314
NACE 73.110, Advertising agencies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9,908
2024 · -€5,572-€4,335
Equity
-€33,034
2024 · -€23,127-€9,908
Cash
€57,884
2024 · €68,968-€11,084
Balance sheet total
€108,997
2024 · €154,580-€45,582

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€33,544

    down €33,544 (-40.2%), from €83,526 to €49,982

    of which Plant, machinery and equipment: -€20,305

  • Cash -€11,084

    down €11,084 (-16.1%), from €68,968 to €57,884

    mainly Debts after one year (-€37,072) and Trade debts (-€11,252)

  • Receivables within one year -€1,564

    down €1,564 (-98.3%), from €1,591 to €27

Equity and liabilities
  • Debts after one year -€37,072

    down €37,072 (-62.4%), from €59,387 to €22,315

  • Trade debts -€11,252

    down €11,252 (-65.3%), from €17,221 to €5,969

  • Other debts +€11,006

    up €11,006 (+23.7%), from €46,425 to €57,431

  • Profit (loss) carried forward -€9,908

    down €9,908 (-8.0%), from -€123,387 to -€133,294

Income statement
  • Gross operating margin -€5,160

    down €5,160 (-6.4%), from €80,680 to €75,520

  • Financial charges -€1,126

    down €1,126 (-17.7%), from €6,346 to €5,220

From the 2024 result to the 2025 result

effect on the 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 -€5,572
Gross operating margin -€5,160
Staff costs +€425
Depreciation -€77
Other operating charges -€579
Financial income -€78
Financial charges +€1,126
Taxes +€8
Result 2025 -€9,908

Cash bridge derived

cash 2024 to 2025

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 +€25,303
Investment -€78
Financing -€36,309
Cash 2024 €68,968
Net result for the year -€9,908
Depreciation +€33,384
Receivables within one year +€1,564
Deferred charges and accrued income -€371
Trade debts -€11,252
Tax, wage and social debts +€1,200
Other debts +€11,006
Accrued charges and deferred income -€319
Investment in fixed assets (net) -€78
Debts after one year -€37,072
Current portion of long-term debt +€763
Cash 2025 €57,884
Every line side by side 45 lines
Line Code 2024 2025 Change %
Total assets 20/58 €154,580 €108,997 -€45,582 -29.5%
Fixed assets 21/28 €83,943 €50,637 -€33,306 -39.7%
Tangible fixed assets 22/27 €83,526 €49,982 -€33,544 -40.2%
Plant, machinery and equipment 23 €56,838 €36,533 -€20,305 -35.7%
Furniture and vehicles 24 €2,800 €1,502 -€1,297 -46.3%
Other tangible fixed assets 26 €23,888 €11,947 -€11,941 -50.0%
Financial fixed assets 28 €417 €655 +€237 +56.9%
Current assets 29/58 €70,637 €58,361 -€12,276 -17.4%
Amounts receivable within one year 40/41 €1,591 €27 -€1,564 -98.3%
Trade receivables 40 €1,591 €27 -€1,564 -98.3%
Cash at bank and in hand 54/58 €68,968 €57,884 -€11,084 -16.1%
Deferred charges and accrued income 490/1 €78 €449 +€371 +477.2%
Total equity and liabilities 10/49 €154,580 €108,997 -€45,582 -29.5%
Equity 10/15 -€23,127 -€33,034 -€9,908 -42.8%
Contributions 10/11 €12,400 €12,400 = 0.0%
Reserves 13 €87,860 €87,860 = 0.0%
Non-distributable reserves 130/1 €1,860 €1,860 = 0.0%
Reserves not available under the articles 1311 €1,860 €1,860 = 0.0%
Distributable reserves 133 €86,000 €86,000 = 0.0%
Profit (loss) carried forward 14 -€123,387 -€133,294 -€9,908 -8.0%
Amounts payable 17/49 €177,706 €142,032 -€35,675 -20.1%
Amounts payable after more than one year 17 €59,387 €22,315 -€37,072 -62.4%
Financial debts 170/4 €59,387 €22,315 -€37,072 -62.4%
Amounts payable within one year 42/48 €118,000 €119,717 +€1,716 +1.5%
Current portion of amounts payable after more than one year 42 €36,309 €37,072 +€763 +2.1%
Trade debts 44 €17,221 €5,969 -€11,252 -65.3%
Suppliers 440/4 €17,221 €5,969 -€11,252 -65.3%
Taxes, remuneration and social security 45 €18,045 €19,245 +€1,200 +6.7%
Taxes 450/3 €2,865 €4,002 +€1,138 +39.7%
Remuneration and social security 454/9 €15,181 €15,243 +€62 +0.4%
Other amounts payable 47/48 €46,425 €57,431 +€11,006 +23.7%
Accrued charges and deferred income 492/3 €319 €0 -€319 -100.0%
Remuneration, social security and pensions 62 €43,413 €42,988 -€425 -1.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €33,308 €33,384 +€77 +0.2%
Other operating charges 640/8 €3,118 €3,697 +€579 +18.6%
Gross operating margin 9900 €80,680 €75,520 -€5,160 -6.4%
Operating profit (loss) 9901 €842 -€4,549 -€5,391
Financial income 75/76B €82 €4 -€78 -95.4%
Recurring financial income 75 €82 €4 -€78 -95.4%
Financial charges 65/66B €6,346 €5,220 -€1,126 -17.7%
Recurring financial charges 65 €6,346 €5,220 -€1,126 -17.7%
Profit (loss) for the period before taxes 9903 -€5,422 -€9,765 -€4,343 -80.1%
Income taxes 67/77 €151 €143 -€8 -5.4%
Profit (loss) for the period 9904 -€5,572 -€9,908 -€4,335 -77.8%
Profit (loss) for the period to be appropriated 9905 -€5,572 -€9,908 -€4,335 -77.8%

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 30 September 2026 via checked.be.