THENEWPUB: 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.
THENEWPUB
Largest movements
- Receivables within one year +€26,352
up €26,352 (+20.3%), from €130,113 to €156,466
of which Trade receivables: +€26,650
- Trade debts +€21,815
up €21,815 (+14.7%), from €148,028 to €169,843
- Profit (loss) carried forward +€8,062
up €8,062 (+1.6%), from -€506,727 to -€498,664
- Accrued charges and deferred income -€3,202
down €3,202 (-3.2%), from €101,420 to €98,218
- Gross operating margin +€53,106
up €53,106 (+526.8%), from €10,080 to €63,186
- Staff costs +€1,669
up €1,669 (+3.5%), from €47,748 to €49,417
- Other operating charges -€788
no longer reported in 2025 (was €788)
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.
Cash bridge derived
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 | €140,074 | €166,427 | +€26,353 | +18.8% |
| Fixed assets | 21/28 | €4,356 | €3,649 | -€708 | -16.2% |
| Tangible fixed assets | 22/27 | €1,606 | €849 | -€758 | -47.2% |
| Furniture and vehicles | 24 | €1,606 | €849 | -€758 | -47.2% |
| Financial fixed assets | 28 | €2,750 | €2,800 | +€50 | +1.8% |
| Current assets | 29/58 | €135,717 | €162,778 | +€27,061 | +19.9% |
| Amounts receivable within one year | 40/41 | €130,113 | €156,466 | +€26,352 | +20.3% |
| Trade receivables | 40 | €129,726 | €156,376 | +€26,650 | +20.5% |
| Other amounts receivable | 41 | €387 | €89 | -€298 | -77.0% |
| Cash at bank and in hand | 54/58 | €4,523 | €4,018 | -€505 | -11.2% |
| Deferred charges and accrued income | 490/1 | €1,082 | €2,295 | +€1,213 | +112.2% |
| Total equity and liabilities | 10/49 | €140,074 | €166,427 | +€26,353 | +18.8% |
| Equity | 10/15 | -€308,727 | -€300,664 | +€8,062 | +2.6% |
| Contributions | 10/11 | €198,000 | €198,000 | = | 0.0% |
| Capital | 10 | €198,000 | €198,000 | = | 0.0% |
| Issued capital | 100 | €198,000 | €198,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€506,727 | -€498,664 | +€8,062 | +1.6% |
| Amounts payable | 17/49 | €448,800 | €467,091 | +€18,291 | +4.1% |
| Amounts payable within one year | 42/48 | €347,380 | €368,873 | +€21,493 | +6.2% |
| Financial debts | 43 | €1,910 | €748 | -€1,162 | -60.8% |
| Credit institutions | 430/8 | €1,910 | €748 | -€1,162 | -60.8% |
| Trade debts | 44 | €148,028 | €169,843 | +€21,815 | +14.7% |
| Suppliers | 440/4 | €148,028 | €169,843 | +€21,815 | +14.7% |
| Taxes, remuneration and social security | 45 | €7,442 | €8,282 | +€840 | +11.3% |
| Taxes | 450/3 | €1,825 | €2,486 | +€660 | +36.2% |
| Remuneration and social security | 454/9 | €5,616 | €5,796 | +€180 | +3.2% |
| Other amounts payable | 47/48 | €190,000 | €190,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €101,420 | €98,218 | -€3,202 | -3.2% |
| Remuneration, social security and pensions | 62 | €47,748 | €49,417 | +€1,669 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,343 | €758 | -€586 | -43.6% |
| Other operating charges | 640/8 | €788 | - | -€788 | |
| Non-recurring operating charges | 66A | - | €4,783 | +€4,783 | |
| Gross operating margin | 9900 | €10,080 | €63,186 | +€53,106 | +526.8% |
| Operating profit (loss) | 9901 | -€39,799 | €8,228 | +€48,027 | |
| Financial income | 75/76B | €134 | €35 | -€98 | -73.6% |
| Recurring financial income | 75 | €134 | €35 | -€98 | -73.6% |
| Financial charges | 65/66B | €557 | €201 | -€356 | -63.9% |
| Recurring financial charges | 65 | €557 | €201 | -€356 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | -€40,223 | €8,062 | +€48,285 | |
| Profit (loss) for the period | 9904 | -€40,223 | €8,062 | +€48,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,223 | €8,062 | +€48,285 |
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 1 October 2026 via checked.be.