Second Floor: what changed
What changed
Second Floor
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€21,687
2024 · €62,366-€40,680
Equity
€134,207
2024 · €112,521+€21,687
Cash
€241,333
2024 · €415,510-€174,177
Balance sheet total
€1.1m
2024 · €1.5m-€460,907
Largest movements
Assets
- Receivables within one year -€289,754
down €289,754 (-29.2%), from €991,055 to €701,301
of which Trade receivables: -€279,840
- Cash -€174,177
down €174,177 (-41.9%), from €415,510 to €241,333
mainly Trade debts (-€501,193) and Deferred charges and accrued income (-€20,460)
- Deferred charges and accrued income +€20,460
up €20,460 (+154%), from €13,283 to €33,743
Equity and liabilities
- Trade debts -€501,193
down €501,193 (-42.2%), from €1.2m to €687,359
- Tax, wage and social debts +€47,246
up €47,246 (+29.7%), from €159,111 to €206,358
of which Remuneration and social security: +€47,146
- Profit (loss) carried forward +€21,687
up €21,687 (+23.0%), from €94,116 to €115,803
Income statement
- Gross operating margin -€68,600
down €68,600 (-8.3%), from €827,043 to €758,443
- Staff costs -€51,911
down €51,911 (-7.2%), from €722,822 to €670,911
- Financial charges +€21,703
up €21,703 (+159%), from €13,620 to €35,323
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€62,366
Gross operating margin
-€68,600
Staff costs
+€51,911
Depreciation
-€197
Other operating charges
-€1,275
Other operating items
-€2,713
Financial income
-€1,647
Financial charges
-€21,703
Taxes
+€3,544
Result 2025
€21,687
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€148,627
Investment
-€3,400
Financing
-€22,150
Cash 2024
€415,510
From operations (derived)
-€148,627
Net result for the year
+€21,687
Depreciation
+€5,837
Receivables after one year
+€15,000
Receivables within one year
+€289,754
Deferred charges and accrued income
-€20,460
Trade debts
-€501,193
Tax, wage and social debts
+€47,246
Accrued charges and deferred income
-€6,497
Investment (derived)
-€3,400
Investment in fixed assets (net)
-€3,400
Financing
-€22,150
Debts after one year
-€15,019
Current portion of long-term debt
-€1,408
Short-term financial debts
-€5,723
Cash 2025
€241,333
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,535,742 | €1,074,835 | -€460,907 | -30.0% |
| Fixed assets | 21/28 | €10,894 | €8,457 | -€2,437 | -22.4% |
| Tangible fixed assets | 22/27 | €10,648 | €8,211 | -€2,437 | -22.9% |
| Furniture and vehicles | 24 | €10,648 | €8,211 | -€2,437 | -22.9% |
| Financial fixed assets | 28 | €246 | €246 | = | 0.0% |
| Current assets | 29/58 | €1,524,848 | €1,066,378 | -€458,470 | -30.1% |
| Amounts receivable after more than one year | 29 | €105,000 | €90,000 | -€15,000 | -14.3% |
| Other amounts receivable | 291 | €105,000 | €90,000 | -€15,000 | -14.3% |
| Amounts receivable within one year | 40/41 | €991,055 | €701,301 | -€289,754 | -29.2% |
| Trade receivables | 40 | €894,827 | €614,987 | -€279,840 | -31.3% |
| Other amounts receivable | 41 | €96,229 | €86,314 | -€9,914 | -10.3% |
| Cash at bank and in hand | 54/58 | €415,510 | €241,333 | -€174,177 | -41.9% |
| Deferred charges and accrued income | 490/1 | €13,283 | €33,743 | +€20,460 | +154% |
| Total equity and liabilities | 10/49 | €1,535,742 | €1,074,835 | -€460,907 | -30.0% |
| Equity | 10/15 | €112,521 | €134,207 | +€21,687 | +19.3% |
| Contributions | 10/11 | €13,705 | €13,705 | = | 0.0% |
| Reserves | 13 | €4,699 | €4,699 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,839 | €2,839 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,116 | €115,803 | +€21,687 | +23.0% |
| Amounts payable | 17/49 | €1,423,221 | €940,628 | -€482,594 | -33.9% |
| Amounts payable after more than one year | 17 | €15,019 | €0 | -€15,019 | -100% |
| Financial debts | 170/4 | €15,019 | €0 | -€15,019 | -100% |
| Amounts payable within one year | 42/48 | €1,401,705 | €940,628 | -€461,077 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €46,929 | €45,521 | -€1,408 | -3.0% |
| Financial debts | 43 | €7,112 | €1,390 | -€5,723 | -80.5% |
| Credit institutions | 430/8 | €7,112 | €1,390 | -€5,723 | -80.5% |
| Trade debts | 44 | €1,188,552 | €687,359 | -€501,193 | -42.2% |
| Suppliers | 440/4 | €1,188,552 | €687,359 | -€501,193 | -42.2% |
| Taxes, remuneration and social security | 45 | €159,111 | €206,358 | +€47,246 | +29.7% |
| Taxes | 450/3 | €92,876 | €92,976 | +€100 | +0.1% |
| Remuneration and social security | 454/9 | €66,236 | €113,382 | +€47,146 | +71.2% |
| Accrued charges and deferred income | 492/3 | €6,497 | €0 | -€6,497 | -100% |
| Non-recurring operating income | 76A | €89,740 | €50,539 | -€39,200 | -43.7% |
| Remuneration, social security and pensions | 62 | €722,822 | €670,911 | -€51,911 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,640 | €5,837 | +€197 | +3.5% |
| Other operating charges | 640/8 | €4,751 | €6,025 | +€1,275 | +26.8% |
| Non-recurring operating charges | 66A | €4,028 | €6,741 | +€2,713 | +67.4% |
| Gross operating margin | 9900 | €827,043 | €758,443 | -€68,600 | -8.3% |
| Operating profit (loss) | 9901 | €89,802 | €68,929 | -€20,873 | -23.2% |
| Financial income | 75/76B | €10,951 | €9,303 | -€1,647 | -15.0% |
| Recurring financial income | 75 | €10,951 | €9,303 | -€1,647 | -15.0% |
| Financial charges | 65/66B | €13,620 | €35,323 | +€21,703 | +159% |
| Recurring financial charges | 65 | €13,620 | €35,323 | +€21,703 | +159% |
| Profit (loss) for the period before taxes | 9903 | €87,133 | €42,909 | -€44,224 | -50.8% |
| Income taxes | 67/77 | €24,767 | €21,223 | -€3,544 | -14.3% |
| Profit (loss) for the period | 9904 | €62,366 | €21,687 | -€40,680 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,366 | €21,687 | -€40,680 | -65.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.