SCREEN BELGIUM: 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.
SCREEN BELGIUM
Largest movements
- Financial fixed assets +€271,382
up €271,382 (+16.2%), from €1.7m to €1.9m
- Receivables within one year -€68,208
down €68,208 (-17.9%), from €381,318 to €313,110
of which Trade receivables: -€80,057
- Cash +€35,473
up €35,473 (+37.7%), from €93,969 to €129,442
mainly Net result for the year (+€256,430) and Debts after one year (+€105,163)
- Tangible fixed assets +€34,195
up €34,195 (+22.6%), from €151,559 to €185,754
of which Plant, machinery and equipment: +€49,302
- Reserves +€256,430
up €256,430 (+14.9%), from €1.7m to €2.0m
of which Distributable reserves: +€139,108
- Debts after one year +€105,163
up €105,163 (+100%), from €104,673 to €209,836
- Trade debts -€42,812
down €42,812 (-35.3%), from €121,418 to €78,607
- Short-term financial debts -€38,368
down €38,368 (-16.5%), from €232,149 to €193,781
- Gross operating margin -€148,420
down €148,420 (-16.2%), from €913,519 to €765,100
- Staff costs -€67,202
down €67,202 (-17.1%), from €393,702 to €326,500
- Depreciation +€15,858
up €15,858 (+21.9%), from €72,572 to €88,429
- Financial income +€11,136
up €11,136 (+143%), from €7,814 to €18,950
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 | €2,389,646 | €2,685,948 | +€296,301 | +12.4% |
| Fixed assets | 21/28 | €1,902,022 | €2,230,365 | +€328,343 | +17.3% |
| Intangible fixed assets | 21 | €75,691 | €98,457 | +€22,766 | +30.1% |
| Tangible fixed assets | 22/27 | €151,559 | €185,754 | +€34,195 | +22.6% |
| Plant, machinery and equipment | 23 | €45,277 | €94,580 | +€49,302 | +109% |
| Furniture and vehicles | 24 | €58,460 | €51,964 | -€6,496 | -11.1% |
| Other tangible fixed assets | 26 | €47,821 | €39,210 | -€8,611 | -18.0% |
| Financial fixed assets | 28 | €1,674,772 | €1,946,154 | +€271,382 | +16.2% |
| Current assets | 29/58 | €487,624 | €455,582 | -€32,042 | -6.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €381,318 | €313,110 | -€68,208 | -17.9% |
| Trade receivables | 40 | €370,467 | €290,411 | -€80,057 | -21.6% |
| Other amounts receivable | 41 | €10,851 | €22,699 | +€11,849 | +109% |
| Cash at bank and in hand | 54/58 | €93,969 | €129,442 | +€35,473 | +37.7% |
| Deferred charges and accrued income | 490/1 | €12,337 | €13,030 | +€693 | +5.6% |
| Total equity and liabilities | 10/49 | €2,389,646 | €2,685,948 | +€296,301 | +12.4% |
| Equity | 10/15 | €1,787,845 | €2,044,275 | +€256,430 | +14.3% |
| 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 | €1,725,845 | €1,982,275 | +€256,430 | +14.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €123,176 | €240,497 | +€117,321 | +95.2% |
| Distributable reserves | 133 | €1,596,469 | €1,735,578 | +€139,108 | +8.7% |
| Provisions and deferred taxes | 16 | €20,009 | €17,016 | -€2,993 | -15.0% |
| Deferred taxes | 168 | €20,009 | €17,016 | -€2,993 | -15.0% |
| Amounts payable | 17/49 | €581,793 | €624,657 | +€42,865 | +7.4% |
| Amounts payable after more than one year | 17 | €104,673 | €209,836 | +€105,163 | +100% |
| Financial debts | 170/4 | €104,673 | €209,836 | +€105,163 | +100% |
| Amounts payable within one year | 42/48 | €473,948 | €396,185 | -€77,762 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €27,614 | €45,576 | +€17,962 | +65.0% |
| Financial debts | 43 | €232,149 | €193,781 | -€38,368 | -16.5% |
| Credit institutions | 430/8 | €232,149 | €193,781 | -€38,368 | -16.5% |
| Trade debts | 44 | €121,418 | €78,607 | -€42,812 | -35.3% |
| Suppliers | 440/4 | €121,418 | €78,607 | -€42,812 | -35.3% |
| Taxes, remuneration and social security | 45 | €92,766 | €78,221 | -€14,545 | -15.7% |
| Taxes | 450/3 | €52,071 | €38,389 | -€13,682 | -26.3% |
| Remuneration and social security | 454/9 | €40,695 | €39,833 | -€863 | -2.1% |
| Accrued charges and deferred income | 492/3 | €3,172 | €18,636 | +€15,465 | +488% |
| Remuneration, social security and pensions | 62 | €393,702 | €326,500 | -€67,202 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,572 | €88,429 | +€15,858 | +21.9% |
| Other operating charges | 640/8 | €2,735 | €2,575 | -€160 | -5.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €913,519 | €765,100 | -€148,420 | -16.2% |
| Operating profit (loss) | 9901 | €444,511 | €347,595 | -€96,915 | -21.8% |
| Financial income | 75/76B | €7,814 | €18,950 | +€11,136 | +143% |
| Recurring financial income | 75 | €7,814 | €18,950 | +€11,136 | +143% |
| Financial charges | 65/66B | €25,440 | €23,418 | -€2,022 | -7.9% |
| Recurring financial charges | 65 | €25,440 | €23,418 | -€2,022 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €426,884 | €343,127 | -€83,757 | -19.6% |
| Transfer from deferred taxes | 780 | €154 | €2,993 | +€2,839 | +1,845% |
| Transfer to deferred taxes | 680 | €20,162 | €0 | -€20,162 | -100% |
| Income taxes | 67/77 | €88,177 | €89,690 | +€1,513 | +1.7% |
| Profit (loss) for the period | 9904 | €318,699 | €256,430 | -€62,269 | -19.5% |
| Transfer from tax-exempt reserves | 789 | €462 | €8,979 | +€8,517 | +1,845% |
| Transfer to tax-exempt reserves | 689 | €123,637 | €126,300 | +€2,663 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €195,523 | €139,108 | -€56,414 | -28.9% |
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 17 October 2026 via checked.be.