COPIE & PRINT: 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.
COPIE & PRINT
Largest movements
- Cash -€98,881
down €98,881 (-17.2%), from €575,620 to €476,739
mainly Contributions, distributions and other (-€134,002) and Investment in fixed assets (net) (-€33,338)
- Tangible fixed assets -€21,369
down €21,369 (-12.5%), from €170,419 to €149,051
of which Furniture and vehicles: -€19,702
- Stocks and contracts -€8,314
down €8,314 (-13.9%), from €59,779 to €51,465
- Reserves -€92,114
down €92,114 (-20.1%), from €459,343 to €367,229
of which Distributable reserves: -€92,114
- Debts after one year -€23,887
down €23,887 (-55.6%), from €42,959 to €19,072
- Tax, wage and social debts -€9,270
down €9,270 (-17.3%), from €53,583 to €44,313
of which Remuneration and social security: -€7,115
- Gross operating margin -€53,863
down €53,863 (-15.2%), from €353,988 to €300,124
- Staff costs -€16,717
down €16,717 (-8.5%), from €196,384 to €179,667
- Taxes -€10,028
down €10,028 (-36.6%), from €27,375 to €17,347
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 | €819,141 | €697,351 | -€121,790 | -14.9% |
| Fixed assets | 21/28 | €170,419 | €149,051 | -€21,369 | -12.5% |
| Tangible fixed assets | 22/27 | €170,419 | €149,051 | -€21,369 | -12.5% |
| Plant, machinery and equipment | 23 | €16,229 | €28,635 | +€12,406 | +76.4% |
| Furniture and vehicles | 24 | €99,105 | €79,403 | -€19,702 | -19.9% |
| Other tangible fixed assets | 26 | €55,085 | €41,013 | -€14,072 | -25.5% |
| Current assets | 29/58 | €648,721 | €548,300 | -€100,421 | -15.5% |
| Stocks and contracts in progress | 3 | €59,779 | €51,465 | -€8,314 | -13.9% |
| Stocks | 30/36 | €59,779 | €51,465 | -€8,314 | -13.9% |
| Amounts receivable within one year | 40/41 | €12,219 | €20,096 | +€7,877 | +64.5% |
| Trade receivables | 40 | €7,475 | €6,425 | -€1,049 | -14.0% |
| Other amounts receivable | 41 | €4,745 | €13,671 | +€8,926 | +188% |
| Cash at bank and in hand | 54/58 | €575,620 | €476,739 | -€98,881 | -17.2% |
| Deferred charges and accrued income | 490/1 | €1,103 | - | -€1,103 | |
| Total equity and liabilities | 10/49 | €819,141 | €697,351 | -€121,790 | -14.9% |
| Equity | 10/15 | €521,316 | €429,202 | -€92,114 | -17.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €459,343 | €367,229 | -€92,114 | -20.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €453,146 | €361,032 | -€92,114 | -20.3% |
| Amounts payable | 17/49 | €297,824 | €268,149 | -€29,675 | -10.0% |
| Amounts payable after more than one year | 17 | €42,959 | €19,072 | -€23,887 | -55.6% |
| Financial debts | 170/4 | €42,959 | €19,072 | -€23,887 | -55.6% |
| Amounts payable within one year | 42/48 | €254,865 | €248,664 | -€6,201 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €22,915 | €23,887 | +€972 | +4.2% |
| Financial debts | 43 | €5,069 | €5,250 | +€181 | +3.6% |
| Credit institutions | 430/8 | €5,069 | €5,250 | +€181 | +3.6% |
| Trade debts | 44 | €25,687 | €27,294 | +€1,606 | +6.3% |
| Suppliers | 440/4 | €25,687 | €27,294 | +€1,606 | +6.3% |
| Taxes, remuneration and social security | 45 | €53,583 | €44,313 | -€9,270 | -17.3% |
| Taxes | 450/3 | €30,979 | €28,823 | -€2,155 | -7.0% |
| Remuneration and social security | 454/9 | €22,605 | €15,490 | -€7,115 | -31.5% |
| Other amounts payable | 47/48 | €147,610 | €147,920 | +€310 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Remuneration, social security and pensions | 62 | €196,384 | €179,667 | -€16,717 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,414 | €54,706 | +€3,292 | +6.4% |
| Other operating charges | 640/8 | €2,284 | €1,536 | -€748 | -32.7% |
| Gross operating margin | 9900 | €353,988 | €300,124 | -€53,863 | -15.2% |
| Operating profit (loss) | 9901 | €103,906 | €64,216 | -€39,690 | -38.2% |
| Financial income | 75/76B | €4,121 | €1,690 | -€2,432 | -59.0% |
| Recurring financial income | 75 | €4,121 | €1,690 | -€2,432 | -59.0% |
| Financial charges | 65/66B | €6,785 | €6,670 | -€115 | -1.7% |
| Recurring financial charges | 65 | €6,785 | €6,670 | -€115 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €101,242 | €59,235 | -€42,007 | -41.5% |
| Income taxes | 67/77 | €27,375 | €17,347 | -€10,028 | -36.6% |
| Profit (loss) for the period | 9904 | €73,867 | €41,887 | -€31,979 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,867 | €41,887 | -€31,979 | -43.3% |
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 31 October 2026 via checked.be.