The Special Painter: what changed
The Special Painter
Largest movements
- Deferred charges and accrued income +€9,142
new in 2025: €9,142
- Tangible fixed assets +€6,075
up €6,075 (+11.6%), from €52,419 to €58,495
of which Land and buildings: +€12,255
- Receivables within one year -€3,263
down €3,263 (-55.5%), from €5,879 to €2,616
of which Trade receivables: -€2,954
- Cash +€2,205
up €2,205 (+4.2%), from €52,478 to €54,683
mainly Net result for the year (+€15,006) and Advances received (+€10,031)
- Other debts -€13,684
down €13,684 (-29.1%), from €46,982 to €33,298
- Reserves +€12,606
up €12,606 (+39.9%), from €31,595 to €44,201
- Advances received +€10,031
new in 2025: €10,031
- Tax, wage and social debts +€5,824
up €5,824 (+180%), from €3,235 to €9,059
- Gross operating margin +€12,997
up €12,997 (+65.3%), from €19,911 to €32,908
- Taxes +€1,647
up €1,647 (+44.7%), from €3,688 to €5,335
- Other operating charges +€1,613
up €1,613 (+73.4%), from €2,196 to €3,808
- Depreciation +€1,122
up €1,122 (+13.9%), from €8,053 to €9,175
- Financial charges -€459
down €459 (-71.1%), from €646 to €187
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,776 | €124,936 | +€14,160 | +12.8% |
| Fixed assets | 21/28 | €52,419 | €58,495 | +€6,075 | +11.6% |
| Tangible fixed assets | 22/27 | €52,419 | €58,495 | +€6,075 | +11.6% |
| Land and buildings | 22 | €39,892 | €52,147 | +€12,255 | +30.7% |
| Furniture and vehicles | 24 | €12,527 | €6,347 | -€6,180 | -49.3% |
| Current assets | 29/58 | €58,357 | €66,442 | +€8,085 | +13.9% |
| Amounts receivable within one year | 40/41 | €5,879 | €2,616 | -€3,263 | -55.5% |
| Trade receivables | 40 | €5,570 | €2,616 | -€2,954 | -53.0% |
| Other amounts receivable | 41 | €309 | - | -€309 | |
| Cash at bank and in hand | 54/58 | €52,478 | €54,683 | +€2,205 | +4.2% |
| Deferred charges and accrued income | 490/1 | - | €9,142 | +€9,142 | |
| Total equity and liabilities | 10/49 | €110,776 | €124,936 | +€14,160 | +12.8% |
| Equity | 10/15 | €56,385 | €68,991 | +€12,606 | +22.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Contributions outside capital | 11 | €24,789 | €24,789 | = | 0.0% |
| Other | 1109/19 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €31,595 | €44,201 | +€12,606 | +39.9% |
| Distributable reserves | 133 | €31,595 | €44,201 | +€12,606 | +39.9% |
| Amounts payable | 17/49 | €54,391 | €55,945 | +€1,554 | +2.9% |
| Amounts payable within one year | 42/48 | €51,412 | €53,943 | +€2,531 | +4.9% |
| Trade debts | 44 | €1,195 | €1,555 | +€360 | +30.1% |
| Suppliers | 440/4 | €1,195 | €1,555 | +€360 | +30.1% |
| Advances received on contracts in progress | 46 | - | €10,031 | +€10,031 | |
| Taxes, remuneration and social security | 45 | €3,235 | €9,059 | +€5,824 | +180% |
| Taxes | 450/3 | €3,235 | €9,059 | +€5,824 | +180% |
| Other amounts payable | 47/48 | €46,982 | €33,298 | -€13,684 | -29.1% |
| Accrued charges and deferred income | 492/3 | €2,980 | €2,003 | -€977 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,053 | €9,175 | +€1,122 | +13.9% |
| Other operating charges | 640/8 | €2,196 | €3,808 | +€1,613 | +73.4% |
| Gross operating margin | 9900 | €19,911 | €32,908 | +€12,997 | +65.3% |
| Operating profit (loss) | 9901 | €9,662 | €19,925 | +€10,263 | +106% |
| Financial income | 75/76B | €458 | €603 | +€145 | +31.7% |
| Recurring financial income | 75 | €458 | €603 | +€145 | +31.7% |
| Financial charges | 65/66B | €646 | €187 | -€459 | -71.1% |
| Recurring financial charges | 65 | €646 | €187 | -€459 | -71.1% |
| Profit (loss) for the period before taxes | 9903 | €9,474 | €20,341 | +€10,867 | +115% |
| Income taxes | 67/77 | €3,688 | €5,335 | +€1,647 | +44.7% |
| Profit (loss) for the period | 9904 | €5,786 | €15,006 | +€9,220 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €5,786 | €15,006 | +€9,220 | +159% |
Next steps
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 4 November 2026 via checked.be.