BINWEY: 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.
What changed
BINWEY
NACE 18.130, Pre-press and pre-media services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€328,005
2024 · €205,617+€122,388
Equity
€8.6m
2024 · €1.0m+€7.5m
Cash
€17,632
2024 · €4,191+€13,441
Balance sheet total
€11.0m
2024 · €3.5m+€7.4m
Largest movements
Assets
- Tangible fixed assets +€7.3m
up €7.3m (+208%), from €3.5m to €10.9m
of which Land and buildings: +€7.4m
Equity and liabilities
- Revaluation surpluses +€7.6m
new in 2025: €7.6m
- Debts after one year -€233,200
down €233,200 (-22.5%), from €1.0m to €801,200
- Other debts +€203,053
up €203,053 (+22.9%), from €885,956 to €1.1m
Income statement
- Gross operating margin +€43,516
up €43,516 (+5.7%), from €764,531 to €808,048
- Financial charges -€29,269
down €29,269 (-32.4%), from €90,241 to €60,972
- Staff costs -€29,156
down €29,156 (-20.4%), from €142,764 to €113,608
- Other operating charges -€19,800
down €19,800 (-25.3%), from €78,179 to €58,379
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.
Result 2024
€205,617
Gross operating margin
+€43,516
Staff costs
+€29,156
Depreciation
+€1,507
Other operating charges
+€19,800
Financial income
-€5
Financial charges
+€29,269
Taxes
-€856
Result 2025
€328,005
raises the resultlowers the result
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.
From operations
+€657,990
Investment
-€7.6m
Financing
+€7.0m
Cash 2024
€4,191
From operations (derived)
+€657,990
Net result for the year
+€328,005
Depreciation
+€268,710
Receivables within one year
-€77,790
Smaller working-capital items
-€9,395
Provisions
-€27,220
Trade debts
-€27,373
Other debts
+€203,053
Investment (derived)
-€7.6m
Investment in fixed assets (net)
-€7.6m
Current investments
-€1
Financing
+€7.0m
Debts after one year
-€233,200
Current portion of long-term debt
-€31,300
Short-term financial debts
+€923
Contributions, distributions and other
+€7.2m
Cash 2025
€17,632
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,538,176 | €10,963,755 | +€7.4m | +210% |
| Fixed assets | 21/28 | €3,531,139 | €10,865,363 | +€7.3m | +208% |
| Tangible fixed assets | 22/27 | €3,530,776 | €10,865,000 | +€7.3m | +208% |
| Land and buildings | 22 | €3,356,458 | €10,731,462 | +€7.4m | +220% |
| Plant, machinery and equipment | 23 | €174,318 | €133,538 | -€40,780 | -23.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €7,037 | €98,392 | +€91,355 | +1,298% |
| Amounts receivable within one year | 40/41 | €0 | €77,790 | +€77,790 | |
| Trade receivables | 40 | €0 | €77,790 | +€77,790 | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Current investments | 50/53 | €228 | €229 | +€1 | +0.5% |
| Cash at bank and in hand | 54/58 | €4,191 | €17,632 | +€13,441 | +321% |
| Deferred charges and accrued income | 490/1 | €2,618 | €2,741 | +€122 | +4.7% |
| Total equity and liabilities | 10/49 | €3,538,176 | €10,963,755 | +€7.4m | +210% |
| Equity | 10/15 | €1,033,423 | €8,583,392 | +€7.5m | +731% |
| Contributions | 10/11 | €1,056,244 | €1,056,244 | = | 0.0% |
| Capital | 10 | €1,056,244 | €1,056,244 | = | 0.0% |
| Issued capital | 100 | €1,056,244 | €1,056,244 | = | 0.0% |
| Revaluation surpluses | 12 | - | €7,596,964 | +€7.6m | |
| Reserves | 13 | €326,912 | €275,609 | -€51,303 | -15.7% |
| Non-distributable reserves | 130/1 | €25,139 | €26,699 | +€1,560 | +6.2% |
| Legal reserve | 130 | €25,139 | €26,699 | +€1,560 | +6.2% |
| Tax-exempt reserves | 132 | €301,748 | €248,885 | -€52,863 | -17.5% |
| Distributable reserves | 133 | €24 | €24 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€349,732 | -€345,424 | +€4,308 | +1.2% |
| Provisions and deferred taxes | 16 | €155,377 | €128,156 | -€27,220 | -17.5% |
| Deferred taxes | 168 | €155,377 | €128,156 | -€27,220 | -17.5% |
| Amounts payable | 17/49 | €2,349,376 | €2,252,207 | -€97,169 | -4.1% |
| Amounts payable after more than one year | 17 | €1,034,400 | €801,200 | -€233,200 | -22.5% |
| Financial debts | 170/4 | €1,034,400 | €801,200 | -€233,200 | -22.5% |
| Amounts payable within one year | 42/48 | €1,305,157 | €1,444,736 | +€139,580 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €265,100 | €233,800 | -€31,300 | -11.8% |
| Financial debts | 43 | €12,152 | €13,076 | +€923 | +7.6% |
| Credit institutions | 430/8 | €12,152 | €13,076 | +€923 | +7.6% |
| Trade debts | 44 | €113,208 | €85,834 | -€27,373 | -24.2% |
| Suppliers | 440/4 | €113,208 | €85,834 | -€27,373 | -24.2% |
| Taxes, remuneration and social security | 45 | €28,740 | €23,016 | -€5,724 | -19.9% |
| Taxes | 450/3 | €7,971 | €7,551 | -€420 | -5.3% |
| Remuneration and social security | 454/9 | €20,769 | €15,465 | -€5,304 | -25.5% |
| Other amounts payable | 47/48 | €885,956 | €1,089,010 | +€203,053 | +22.9% |
| Accrued charges and deferred income | 492/3 | €9,820 | €6,271 | -€3,549 | -36.1% |
| Remuneration, social security and pensions | 62 | €142,764 | €113,608 | -€29,156 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270,217 | €268,710 | -€1,507 | -0.6% |
| Other operating charges | 640/8 | €78,179 | €58,379 | -€19,800 | -25.3% |
| Gross operating margin | 9900 | €764,531 | €808,048 | +€43,516 | +5.7% |
| Operating profit (loss) | 9901 | €273,372 | €367,352 | +€93,979 | +34.4% |
| Financial income | 75/76B | €847 | €842 | -€5 | -0.6% |
| Recurring financial income | 75 | €847 | €842 | -€5 | -0.6% |
| Financial charges | 65/66B | €90,241 | €60,972 | -€29,269 | -32.4% |
| Recurring financial charges | 65 | €90,241 | €60,972 | -€29,269 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €183,977 | €307,221 | +€123,244 | +67.0% |
| Transfer from deferred taxes | 780 | €27,220 | €27,220 | = | 0.0% |
| Income taxes | 67/77 | €5,580 | €6,436 | +€856 | +15.3% |
| Profit (loss) for the period | 9904 | €205,617 | €328,005 | +€122,388 | +59.5% |
| Transfer from tax-exempt reserves | 789 | €52,863 | €52,863 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €258,481 | €380,868 | +€122,388 | +47.3% |
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 18 October 2026 via checked.be.