AZ PRINT IMMO: 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.
AZ PRINT IMMO
Largest movements
- Cash +€938,623
up €938,623 (+60.2%), from €1.6m to €2.5m
mainly Net result for the year (+€941,746) and Receivables within one year (+€106,304)
- Receivables within one year -€106,304
down €106,304 (-98.8%), from €107,612 to €1,308
of which Other amounts receivable: -€106,304
- Tangible fixed assets -€86,250
down €86,250 (-5.5%), from €1.6m to €1.5m
of which Land and buildings: -€76,146
- Reserves +€781,725
up €781,725 (+48.9%), from €1.6m to €2.4m
of which Distributable reserves: +€818,476
- Investment grants -€93,257
down €93,257 (-100%), from €93,257 to €0
- Gross operating margin +€520,234
up €520,234 (+56.6%), from €919,845 to €1.4m
- Taxes +€168,495
up €168,495 (+61.4%), from €274,254 to €442,750
- Financial income +€32,341
up €32,341 (+90.8%), from €35,601 to €67,943
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 | €3,284,095 | €4,003,832 | +€719,738 | +21.9% |
| Fixed assets | 21/28 | €1,557,357 | €1,471,106 | -€86,250 | -5.5% |
| Tangible fixed assets | 22/27 | €1,557,357 | €1,471,106 | -€86,250 | -5.5% |
| Land and buildings | 22 | €1,524,516 | €1,448,370 | -€76,146 | -5.0% |
| Plant, machinery and equipment | 23 | €32,841 | €22,736 | -€10,105 | -30.8% |
| Current assets | 29/58 | €1,726,738 | €2,532,726 | +€805,988 | +46.7% |
| Amounts receivable within one year | 40/41 | €107,612 | €1,308 | -€106,304 | -98.8% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €107,612 | €1,308 | -€106,304 | -98.8% |
| Cash at bank and in hand | 54/58 | €1,559,558 | €2,498,181 | +€938,623 | +60.2% |
| Deferred charges and accrued income | 490/1 | €59,568 | €33,237 | -€26,330 | -44.2% |
| Total equity and liabilities | 10/49 | €3,284,095 | €4,003,832 | +€719,738 | +21.9% |
| Equity | 10/15 | €2,460,285 | €3,148,753 | +€688,468 | +28.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €1,599,516 | €2,381,241 | +€781,725 | +48.9% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Tax-exempt reserves | 132 | €833,121 | €796,371 | -€36,750 | -4.4% |
| Distributable reserves | 133 | €766,345 | €1,584,820 | +€818,476 | +107% |
| Profit (loss) carried forward | 14 | €767,012 | €767,012 | = | 0.0% |
| Investment grants | 15 | €93,257 | €0 | -€93,257 | -100% |
| Provisions and deferred taxes | 16 | €273,840 | €258,936 | -€14,904 | -5.4% |
| Deferred taxes | 168 | €273,840 | €258,936 | -€14,904 | -5.4% |
| Amounts payable | 17/49 | €549,970 | €596,144 | +€46,173 | +8.4% |
| Amounts payable within one year | 42/48 | €549,583 | €596,144 | +€46,561 | +8.5% |
| Trade debts | 44 | €254 | €240 | -€14 | -5.6% |
| Suppliers | 440/4 | €254 | €240 | -€14 | -5.6% |
| Taxes, remuneration and social security | 45 | €401,041 | €433,856 | +€32,815 | +8.2% |
| Taxes | 450/3 | €401,041 | €433,856 | +€32,815 | +8.2% |
| Other amounts payable | 47/48 | €148,288 | €162,048 | +€13,760 | +9.3% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,574 | €98,483 | -€8,091 | -7.6% |
| Other operating charges | 640/8 | €33,017 | €34,236 | +€1,219 | +3.7% |
| Gross operating margin | 9900 | €919,845 | €1,440,079 | +€520,234 | +56.6% |
| Operating profit (loss) | 9901 | €780,254 | €1,307,361 | +€527,106 | +67.6% |
| Financial income | 75/76B | €35,601 | €67,943 | +€32,341 | +90.8% |
| Recurring financial income | 75 | €35,601 | €67,943 | +€32,341 | +90.8% |
| Financial charges | 65/66B | €0 | €5,711 | +€5,711 | +3,807,487% |
| Recurring financial charges | 65 | €0 | €5,711 | +€5,711 | +3,807,487% |
| Profit (loss) for the period before taxes | 9903 | €815,855 | €1,369,592 | +€553,736 | +67.9% |
| Transfer from deferred taxes | 780 | €17,458 | €14,904 | -€2,554 | -14.6% |
| Income taxes | 67/77 | €274,254 | €442,750 | +€168,495 | +61.4% |
| Profit (loss) for the period | 9904 | €559,059 | €941,746 | +€382,687 | +68.5% |
| Transfer from tax-exempt reserves | 789 | €47,265 | €36,750 | -€10,515 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €606,324 | €978,496 | +€372,172 | +61.4% |
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 21 October 2026 via checked.be.