THE COMMUNICATION GROUP: 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.
THE COMMUNICATION GROUP
Largest movements
- Tangible fixed assets -€18,571
down €18,571 (-37.9%), from €48,956 to €30,385
of which Furniture and vehicles: -€20,257
- Cash +€15,147
up €15,147 (+41.0%), from €36,930 to €52,078
mainly Other debts (+€38,300) and Net result for the year (+€22,462)
- Receivables within one year -€10,641
down €10,641 (-12.0%), from €88,314 to €77,673
of which Trade receivables: -€11,271
- Receivables after one year -€4,666
down €4,666 (-14.6%), from €31,928 to €27,261
- Trade debts -€42,061
down €42,061 (-93.9%), from €44,788 to €2,727
- Other debts +€38,300
up €38,300 (+2,299%), from €1,666 to €39,966
- Reserves -€18,300
down €18,300 (-21.4%), from €85,660 to €67,360
of which Distributable reserves: -€18,300
- Tax, wage and social debts +€10,596
up €10,596 (+70.7%), from €14,994 to €25,590
of which Taxes: +€15,586
- Debts after one year -€2,913
down €2,913 (-25.8%), from €11,273 to €8,361
- Gross operating margin +€24,751
up €24,751 (+56.2%), from €44,036 to €68,787
- Other operating charges +€11,133
up €11,133 (+445%), from €2,504 to €13,637
- Taxes +€4,687
up €4,687 (+41.7%), from €11,243 to €15,930
- Financial income -€3,935
down €3,935 (-99.9%), from €3,938 to €3
- Depreciation +€2,255
up €2,255 (+17.9%), from €12,592 to €14,847
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 | €212,735 | €194,034 | -€18,701 | -8.8% |
| Fixed assets | 21/28 | €48,956 | €30,385 | -€18,571 | -37.9% |
| Tangible fixed assets | 22/27 | €48,956 | €30,385 | -€18,571 | -37.9% |
| Plant, machinery and equipment | 23 | €12,152 | €3,056 | -€9,096 | -74.8% |
| Furniture and vehicles | 24 | €36,804 | €16,547 | -€20,257 | -55.0% |
| Leasing and similar rights | 25 | - | €10,782 | +€10,782 | |
| Current assets | 29/58 | €163,780 | €163,649 | -€130 | -0.1% |
| Amounts receivable after more than one year | 29 | €31,928 | €27,261 | -€4,666 | -14.6% |
| Other amounts receivable | 291 | €31,928 | €27,261 | -€4,666 | -14.6% |
| Amounts receivable within one year | 40/41 | €88,314 | €77,673 | -€10,641 | -12.0% |
| Trade receivables | 40 | €44,589 | €33,318 | -€11,271 | -25.3% |
| Other amounts receivable | 41 | €43,725 | €44,355 | +€630 | +1.4% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,930 | €52,078 | +€15,147 | +41.0% |
| Deferred charges and accrued income | 490/1 | €1,608 | €1,638 | +€30 | +1.9% |
| Total equity and liabilities | 10/49 | €212,735 | €194,034 | -€18,701 | -8.8% |
| Equity | 10/15 | €132,448 | €114,945 | -€17,504 | -13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,660 | €67,360 | -€18,300 | -21.4% |
| 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 | €83,800 | €65,500 | -€18,300 | -21.8% |
| Profit (loss) carried forward | 14 | €40,588 | €41,385 | +€796 | +2.0% |
| Amounts payable | 17/49 | €80,287 | €79,090 | -€1,197 | -1.5% |
| Amounts payable after more than one year | 17 | €11,273 | €8,361 | -€2,913 | -25.8% |
| Financial debts | 170/4 | €11,273 | €8,361 | -€2,913 | -25.8% |
| Amounts payable within one year | 42/48 | €69,014 | €70,729 | +€1,715 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €4,969 | €2,446 | -€2,522 | -50.8% |
| Trade debts | 44 | €44,788 | €2,727 | -€42,061 | -93.9% |
| Suppliers | 440/4 | €44,788 | €2,727 | -€42,061 | -93.9% |
| Advances received on contracts in progress | 46 | €2,597 | - | -€2,597 | |
| Taxes, remuneration and social security | 45 | €14,994 | €25,590 | +€10,596 | +70.7% |
| Taxes | 450/3 | €10,004 | €25,590 | +€15,586 | +156% |
| Remuneration and social security | 454/9 | €4,990 | - | -€4,990 | |
| Other amounts payable | 47/48 | €1,666 | €39,966 | +€38,300 | +2,299% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,592 | €14,847 | +€2,255 | +17.9% |
| Other operating charges | 640/8 | €2,504 | €13,637 | +€11,133 | +445% |
| Gross operating margin | 9900 | €44,036 | €68,787 | +€24,751 | +56.2% |
| Operating profit (loss) | 9901 | €28,940 | €40,303 | +€11,363 | +39.3% |
| Financial income | 75/76B | €3,938 | €3 | -€3,935 | -99.9% |
| Recurring financial income | 75 | €3,938 | €3 | -€3,935 | -99.9% |
| Financial charges | 65/66B | €1,037 | €1,913 | +€876 | +84.5% |
| Recurring financial charges | 65 | €1,037 | €1,913 | +€876 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €31,841 | €38,392 | +€6,552 | +20.6% |
| Income taxes | 67/77 | €11,243 | €15,930 | +€4,687 | +41.7% |
| Profit (loss) for the period | 9904 | €20,598 | €22,462 | +€1,864 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,598 | €22,462 | +€1,864 | +9.1% |
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 1 November 2026 via checked.be.