EUROGRAPHICS: 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
EUROGRAPHICS
NACE 18.120, Other printing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€25,703
2024 · €30,352-€4,649
Equity
€376,621
2024 · €350,918+€25,703
Cash
€221,179
2024 · €217,061+€4,117
Balance sheet total
€567,401
2024 · €458,085+€109,316
Largest movements
Assets
- Tangible fixed assets +€121,915
up €121,915 (+350.2%), from €34,808 to €156,724
of which Plant, machinery and equipment: +€90,833
- Receivables within one year -€20,289
down €20,289 (-11.9%), from €170,720 to €150,431
Equity and liabilities
- Debts after one year +€97,509
new in 2025: €97,509
- Trade debts -€34,101
down €34,101 (-62.9%), from €54,248 to €20,147
- Current portion of long-term debt +€30,018
new in 2025: €30,018
- Profit (loss) carried forward +€25,703
up €25,703 (+19.3%), from -€133,445 to -€107,741
- Other debts -€16,441
down €16,441 (-86.6%), from €18,979 to €2,537
Income statement
No income-statement line moved by more than 1% of the activity.
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
€30,352
Gross operating margin
-€384
Staff costs
+€993
Depreciation
-€2,804
Other operating charges
-€264
Financial income
-€78
Financial charges
-€2,265
Taxes
+€153
Result 2025
€25,703
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
+€33,130
Investment
-€155,814
Financing
+€126,801
Cash 2024
€217,061
From operations (derived)
+€33,130
Net result for the year
+€25,703
Depreciation
+€33,899
Receivables after one year
-€393
Stocks and contracts
-€265
Receivables within one year
+€20,289
Deferred charges and accrued income
-€2,914
Trade debts
-€34,101
Tax, wage and social debts
+€7,354
Other debts
-€16,441
Investment (derived)
-€155,814
Investment in fixed assets (net)
-€155,814
Financing
+€126,801
Debts after one year
+€97,509
Current portion of long-term debt
+€30,018
Short-term financial debts
-€726
Cash 2025
€221,179
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €458,085 | €567,401 | +€109,316 | +23.9% |
| Fixed assets | 21/28 | €34,908 | €156,824 | +€121,915 | +349.2% |
| Tangible fixed assets | 22/27 | €34,808 | €156,724 | +€121,915 | +350.2% |
| Plant, machinery and equipment | 23 | €23,800 | €114,633 | +€90,833 | +381.7% |
| Furniture and vehicles | 24 | €11,009 | €39,809 | +€28,800 | +261.6% |
| Other tangible fixed assets | 26 | - | €2,282 | +€2,282 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €423,177 | €410,577 | -€12,599 | -3.0% |
| Amounts receivable after more than one year | 29 | €25,674 | €26,067 | +€393 | +1.5% |
| Other amounts receivable | 291 | €25,674 | €26,067 | +€393 | +1.5% |
| Stocks and contracts in progress | 3 | €9,722 | €9,988 | +€265 | +2.7% |
| Stocks | 30/36 | €9,722 | €9,988 | +€265 | +2.7% |
| Amounts receivable within one year | 40/41 | €170,720 | €150,431 | -€20,289 | -11.9% |
| Trade receivables | 40 | €170,720 | €150,431 | -€20,289 | -11.9% |
| Cash at bank and in hand | 54/58 | €217,061 | €221,179 | +€4,117 | +1.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,914 | +€2,914 | |
| Total equity and liabilities | 10/49 | €458,085 | €567,401 | +€109,316 | +23.9% |
| Equity | 10/15 | €350,918 | €376,621 | +€25,703 | +7.3% |
| Contributions | 10/11 | €430,000 | €430,000 | = | 0.0% |
| Reserves | 13 | €54,363 | €54,363 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €44,018 | €44,018 | = | 0.0% |
| Distributable reserves | 133 | €10,345 | €10,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,445 | -€107,741 | +€25,703 | +19.3% |
| Amounts payable | 17/49 | €107,167 | €190,780 | +€83,612 | +78.0% |
| Amounts payable after more than one year | 17 | - | €97,509 | +€97,509 | |
| Financial debts | 170/4 | - | €97,509 | +€97,509 | |
| Amounts payable within one year | 42/48 | €107,167 | €93,270 | -€13,897 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | - | €30,018 | +€30,018 | |
| Financial debts | 43 | €726 | €0 | -€726 | -100.0% |
| Credit institutions | 430/8 | €726 | €0 | -€726 | -100.0% |
| Trade debts | 44 | €54,248 | €20,147 | -€34,101 | -62.9% |
| Suppliers | 440/4 | €54,248 | €20,147 | -€34,101 | -62.9% |
| Taxes, remuneration and social security | 45 | €33,215 | €40,569 | +€7,354 | +22.1% |
| Taxes | 450/3 | €6,627 | €8,982 | +€2,355 | +35.5% |
| Remuneration and social security | 454/9 | €26,587 | €31,586 | +€4,999 | +18.8% |
| Other amounts payable | 47/48 | €18,979 | €2,537 | -€16,441 | -86.6% |
| Remuneration, social security and pensions | 62 | €240,150 | €239,157 | -€993 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,094 | €33,899 | +€2,804 | +9.0% |
| Other operating charges | 640/8 | €2,443 | €2,707 | +€264 | +10.8% |
| Gross operating margin | 9900 | €304,687 | €304,303 | -€384 | -0.1% |
| Operating profit (loss) | 9901 | €31,000 | €28,541 | -€2,459 | -7.9% |
| Financial income | 75/76B | €847 | €769 | -€78 | -9.2% |
| Recurring financial income | 75 | €847 | €769 | -€78 | -9.2% |
| Financial charges | 65/66B | €730 | €2,995 | +€2,265 | +310.4% |
| Recurring financial charges | 65 | €730 | €2,995 | +€2,265 | +310.4% |
| Profit (loss) for the period before taxes | 9903 | €31,117 | €26,314 | -€4,802 | -15.4% |
| Income taxes | 67/77 | €764 | €611 | -€153 | -20.0% |
| Profit (loss) for the period | 9904 | €30,352 | €25,703 | -€4,649 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,352 | €25,703 | -€4,649 | -15.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.