ETJ PRINTING SERVICE: 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.
ETJ PRINTING SERVICE
Largest movements
- Cash +€17,193
up €17,193 (+146%), from €11,758 to €28,950
mainly Net result for the year (+€10,055) and Trade debts (+€9,810)
- Deferred charges and accrued income +€5,386
up €5,386 (+115%), from €4,665 to €10,050
- Receivables within one year -€3,172
down €3,172 (-24.4%), from €12,986 to €9,814
of which Trade receivables: -€5,196
- Stocks and contracts +€2,598
up €2,598 (+17.3%), from €14,978 to €17,576
- Tangible fixed assets -€2,111
down €2,111 (-5.3%), from €40,197 to €38,087
of which Plant, machinery and equipment: -€5,737
- Reserves +€10,055
up €10,055 (+53.3%), from €18,860 to €28,915
- Trade debts +€9,810
up €9,810 (+297%), from €3,304 to €13,113
- Depreciation +€1,479
up €1,479 (+20.7%), from €7,130 to €8,610
- Taxes -€424
down €424 (-7.7%), from €5,481 to €5,057
- Gross operating margin -€309
down €309 (-1.2%), from €25,212 to €24,903
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 | €84,583 | €104,477 | +€19,894 | +23.5% |
| Fixed assets | 21/28 | €40,197 | €38,087 | -€2,111 | -5.3% |
| Tangible fixed assets | 22/27 | €40,197 | €38,087 | -€2,111 | -5.3% |
| Plant, machinery and equipment | 23 | €30,884 | €25,147 | -€5,737 | -18.6% |
| Furniture and vehicles | 24 | €809 | €4,908 | +€4,099 | +506% |
| Other tangible fixed assets | 26 | €8,503 | €8,031 | -€472 | -5.6% |
| Current assets | 29/58 | €44,386 | €66,390 | +€22,005 | +49.6% |
| Stocks and contracts in progress | 3 | €14,978 | €17,576 | +€2,598 | +17.3% |
| Stocks | 30/36 | €14,978 | €17,576 | +€2,598 | +17.3% |
| Amounts receivable within one year | 40/41 | €12,986 | €9,814 | -€3,172 | -24.4% |
| Trade receivables | 40 | €5,716 | €520 | -€5,196 | -90.9% |
| Other amounts receivable | 41 | €7,270 | €9,293 | +€2,023 | +27.8% |
| Cash at bank and in hand | 54/58 | €11,758 | €28,950 | +€17,193 | +146% |
| Deferred charges and accrued income | 490/1 | €4,665 | €10,050 | +€5,386 | +115% |
| Total equity and liabilities | 10/49 | €84,583 | €104,477 | +€19,894 | +23.5% |
| Equity | 10/15 | €75,577 | €85,632 | +€10,055 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,860 | €28,915 | +€10,055 | +53.3% |
| Distributable reserves | 133 | €18,860 | €28,915 | +€10,055 | +53.3% |
| Profit (loss) carried forward | 14 | €38,117 | €38,117 | = | 0.0% |
| Amounts payable | 17/49 | €9,005 | €18,845 | +€9,839 | +109% |
| Amounts payable within one year | 42/48 | €9,005 | €18,845 | +€9,839 | +109% |
| Trade debts | 44 | €3,304 | €13,113 | +€9,810 | +297% |
| Suppliers | 440/4 | €3,304 | €13,113 | +€9,810 | +297% |
| Taxes, remuneration and social security | 45 | €1,140 | €1,005 | -€135 | -11.8% |
| Taxes | 450/3 | €1,140 | €1,005 | -€135 | -11.8% |
| Other amounts payable | 47/48 | €4,562 | €4,726 | +€164 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,130 | €8,610 | +€1,479 | +20.7% |
| Other operating charges | 640/8 | €1,028 | €1,118 | +€91 | +8.8% |
| Gross operating margin | 9900 | €25,212 | €24,903 | -€309 | -1.2% |
| Operating profit (loss) | 9901 | €17,055 | €15,176 | -€1,879 | -11.0% |
| Financial income | 75/76B | €63 | €97 | +€34 | +54.1% |
| Recurring financial income | 75 | €63 | €97 | +€34 | +54.1% |
| Financial charges | 65/66B | €154 | €161 | +€8 | +4.9% |
| Recurring financial charges | 65 | €154 | €161 | +€8 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €16,964 | €15,111 | -€1,852 | -10.9% |
| Income taxes | 67/77 | €5,481 | €5,057 | -€424 | -7.7% |
| Profit (loss) for the period | 9904 | €11,483 | €10,055 | -€1,428 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,483 | €10,055 | -€1,428 | -12.4% |
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 28 October 2026 via checked.be.