DAELPRINTING: 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.
What changed
DAELPRINTING
NACE 73.110, Advertising agencies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€33,699
2024 · €2,527+€31,173
Equity
€342,152
2024 · €8,453+€333,699
Cash
€104,095
2024 · €94,426+€9,669
Balance sheet total
€1.7m
2024 · €1.7m+€20,877
Largest movements
Assets
- Receivables within one year +€233,184
up €233,184 (+44.9%), from €519,631 to €752,815
of which Trade receivables: +€231,176
- Tangible fixed assets -€220,194
down €220,194 (-30.4%), from €724,863 to €504,669
of which Plant, machinery and equipment: -€131,030
Equity and liabilities
- Contributions +€300,000
up €300,000 (+193.2%), from €155,273 to €455,273
of which Capital: +€299,849
- Trade debts -€156,149
down €156,149 (-37.6%), from €414,914 to €258,764
- Profit (loss) carried forward +€151,763
up €151,763 (+46.3%), from -€327,738 to -€175,975
- Debts after one year -€100,374
down €100,374 (-19.5%), from €513,746 to €413,372
- Reserves -€98,064
down €98,064 (-69.3%), from €141,564 to €43,500
of which Distributable reserves: -€98,064
Income statement
- Write-downs +€64,947
up €64,947, from -€57,726 to €7,222
- Gross operating margin +€58,916
up €58,916 (+6.3%), from €941,013 to €999,929
- Other operating charges -€58,748
down €58,748 (-97.4%), from €60,324 to €1,576
- Depreciation -€19,775
down €19,775 (-11.1%), from €178,075 to €158,300
- Staff costs -€13,232
down €13,232 (-1.8%), from €727,673 to €714,440
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
€2,527
Gross operating margin
+€58,916
Staff costs
+€13,232
Depreciation
+€19,775
Write-downs
-€64,947
Other operating charges
+€58,748
Other operating items
-€48,679
Financial income
+€39
Financial charges
-€6,119
Taxes
+€208
Result 2025
€33,699
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.
From operations
-€241,024
Investment
+€67,894
Financing
+€182,799
Cash 2024
€94,426
From operations (derived)
-€241,024
Net result for the year
+€33,699
Depreciation
+€158,300
Stocks and contracts
-€9,313
Receivables within one year
-€233,184
Deferred charges and accrued income
+€5,095
Trade debts
-€156,149
Tax, wage and social debts
+€3,336
Advances received
-€7,650
Other debts
-€2,399
Accrued charges and deferred income
-€32,759
Investment (derived)
+€67,894
Investment in fixed assets (net)
+€67,894
Financing
+€182,799
Debts after one year
-€100,374
Current portion of long-term debt
-€28,546
Short-term financial debts
+€11,719
Contributions, distributions and other
+€300,000
Cash 2025
€104,095
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,658,442 | €1,679,319 | +€20,877 | +1.3% |
| Fixed assets | 21/28 | €785,340 | €559,146 | -€226,194 | -28.8% |
| Intangible fixed assets | 21 | €34,389 | €28,389 | -€6,000 | -17.4% |
| Tangible fixed assets | 22/27 | €724,863 | €504,669 | -€220,194 | -30.4% |
| Land and buildings | 22 | €12,219 | €5,845 | -€6,373 | -52.2% |
| Plant, machinery and equipment | 23 | €192,994 | €61,964 | -€131,030 | -67.9% |
| Leasing and similar rights | 25 | €519,650 | €436,860 | -€82,790 | -15.9% |
| Financial fixed assets | 28 | €26,088 | €26,088 | = | 0.0% |
| Current assets | 29/58 | €873,102 | €1,120,173 | +€247,071 | +28.3% |
| Stocks and contracts in progress | 3 | €240,490 | €249,803 | +€9,313 | +3.9% |
| Stocks | 30/36 | €240,490 | €249,803 | +€9,313 | +3.9% |
| Amounts receivable within one year | 40/41 | €519,631 | €752,815 | +€233,184 | +44.9% |
| Trade receivables | 40 | €344,048 | €575,224 | +€231,176 | +67.2% |
| Other amounts receivable | 41 | €175,583 | €177,591 | +€2,008 | +1.1% |
| Cash at bank and in hand | 54/58 | €94,426 | €104,095 | +€9,669 | +10.2% |
| Deferred charges and accrued income | 490/1 | €18,555 | €13,460 | -€5,095 | -27.5% |
| Total equity and liabilities | 10/49 | €1,658,442 | €1,679,319 | +€20,877 | +1.3% |
| Equity | 10/15 | €8,453 | €342,152 | +€333,699 | +3947.7% |
| Contributions | 10/11 | €155,273 | €455,273 | +€300,000 | +193.2% |
| Capital | 10 | €89,000 | €388,849 | +€299,849 | +336.9% |
| Issued capital | 100 | €89,000 | €388,849 | +€299,849 | +336.9% |
| Outside capital | 11 | €66,273 | €66,423 | +€151 | +0.2% |
| Share premium | 1100/10 | €66,273 | €66,423 | +€151 | +0.2% |
| Revaluation surpluses | 12 | €39,355 | €19,355 | -€20,000 | -50.8% |
| Reserves | 13 | €141,564 | €43,500 | -€98,064 | -69.3% |
| Non-distributable reserves | 130/1 | €8,900 | €8,900 | = | 0.0% |
| Legal reserve | 130 | €8,900 | €8,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,600 | €14,600 | = | 0.0% |
| Distributable reserves | 133 | €118,064 | €20,000 | -€98,064 | -83.1% |
| Profit (loss) carried forward | 14 | -€327,738 | -€175,975 | +€151,763 | +46.3% |
| Amounts payable | 17/49 | €1,649,989 | €1,337,166 | -€312,823 | -19.0% |
| Amounts payable after more than one year | 17 | €513,746 | €413,372 | -€100,374 | -19.5% |
| Financial debts | 170/4 | €513,746 | €413,372 | -€100,374 | -19.5% |
| Amounts payable within one year | 42/48 | €1,103,484 | €923,795 | -€179,689 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €178,570 | €150,024 | -€28,546 | -16.0% |
| Financial debts | 43 | €125,000 | €136,719 | +€11,719 | +9.4% |
| Credit institutions | 430/8 | €125,000 | €136,719 | +€11,719 | +9.4% |
| Trade debts | 44 | €414,914 | €258,764 | -€156,149 | -37.6% |
| Suppliers | 440/4 | €414,914 | €258,764 | -€156,149 | -37.6% |
| Advances received on contracts in progress | 46 | €7,650 | €0 | -€7,650 | -100.0% |
| Taxes, remuneration and social security | 45 | €77,350 | €80,686 | +€3,336 | +4.3% |
| Taxes | 450/3 | €1,565 | €273 | -€1,292 | -82.6% |
| Remuneration and social security | 454/9 | €75,785 | €80,413 | +€4,628 | +6.1% |
| Other amounts payable | 47/48 | €300,000 | €297,601 | -€2,399 | -0.8% |
| Accrued charges and deferred income | 492/3 | €32,759 | €0 | -€32,759 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €727,673 | €714,440 | -€13,232 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,075 | €158,300 | -€19,775 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€57,726 | €7,222 | +€64,947 | |
| Other operating charges | 640/8 | €60,324 | €1,576 | -€58,748 | -97.4% |
| Non-recurring operating charges | 66A | - | €48,679 | +€48,679 | |
| Gross operating margin | 9900 | €941,013 | €999,929 | +€58,916 | +6.3% |
| Operating profit (loss) | 9901 | €32,667 | €69,712 | +€37,045 | +113.4% |
| Financial income | 75/76B | €6,642 | €6,681 | +€39 | +0.6% |
| Recurring financial income | 75 | €6,642 | €6,681 | +€39 | +0.6% |
| Financial charges | 65/66B | €36,215 | €42,334 | +€6,119 | +16.9% |
| Recurring financial charges | 65 | €36,215 | €42,334 | +€6,119 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €3,094 | €34,059 | +€30,965 | +1000.7% |
| Income taxes | 67/77 | €567 | €360 | -€208 | -36.6% |
| Profit (loss) for the period | 9904 | €2,527 | €33,699 | +€31,173 | +1233.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,527 | €33,699 | +€31,173 | +1233.6% |
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 8 October 2026 via checked.be.