G. de M. 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.
G. de M. PRINT
Largest movements
- Cash +€5,603
up €5,603 (+125%), from €4,482 to €10,085
mainly Net result for the year (+€9,744) and Other debts (+€3,971)
- Tangible fixed assets +€1,727
up €1,727 (+32.2%), from €5,358 to €7,085
of which Plant, machinery and equipment: +€2,688
- Financial fixed assets -€1,657
no longer reported in 2025 (was €1,657)
- Stocks and contracts -€1,470
down €1,470 (-14.5%), from €10,122 to €8,651
- Deferred charges and accrued income -€752
down €752 (-29.8%), from €2,525 to €1,773
- Debts after one year -€7,938
no longer reported in 2025 (was €7,938)
- Other debts +€3,971
up €3,971 (+56.7%), from €7,007 to €10,978
- Profit (loss) carried forward +€3,744
up €3,744 (+6.5%), from -€57,706 to -€53,962
- Tax, wage and social debts +€2,396
up €2,396 (+95.3%), from €2,515 to €4,911
- Trade debts +€1,280
up €1,280 (+16.6%), from €7,702 to €8,983
- Gross operating margin -€5,763
down €5,763 (-22.5%), from €25,582 to €19,819
- Other operating charges +€1,740
up €1,740 (+87.9%), from €1,978 to €3,718
- Taxes +€1,388
up €1,388 (+99.1%), from €1,400 to €2,788
- Depreciation +€518
up €518 (+24.3%), from €2,132 to €2,651
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 | €30,815 | €34,269 | +€3,454 | +11.2% |
| Fixed assets | 21/28 | €7,015 | €7,085 | +€70 | +1.0% |
| Tangible fixed assets | 22/27 | €5,358 | €7,085 | +€1,727 | +32.2% |
| Plant, machinery and equipment | 23 | €413 | €3,102 | +€2,688 | +650% |
| Furniture and vehicles | 24 | €249 | €953 | +€704 | +282% |
| Other tangible fixed assets | 26 | €4,696 | €3,031 | -€1,665 | -35.5% |
| Financial fixed assets | 28 | €1,657 | - | -€1,657 | |
| Current assets | 29/58 | €23,800 | €27,184 | +€3,384 | +14.2% |
| Stocks and contracts in progress | 3 | €10,122 | €8,651 | -€1,470 | -14.5% |
| Stocks | 30/36 | €10,122 | €8,651 | -€1,470 | -14.5% |
| Amounts receivable within one year | 40/41 | €6,672 | €6,675 | +€3 | 0.0% |
| Trade receivables | 40 | €6,672 | €6,675 | +€3 | 0.0% |
| Cash at bank and in hand | 54/58 | €4,482 | €10,085 | +€5,603 | +125% |
| Deferred charges and accrued income | 490/1 | €2,525 | €1,773 | -€752 | -29.8% |
| Total equity and liabilities | 10/49 | €30,815 | €34,269 | +€3,454 | +11.2% |
| Equity | 10/15 | €5,653 | €9,397 | +€3,744 | +66.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,706 | -€53,962 | +€3,744 | +6.5% |
| Amounts payable | 17/49 | €25,162 | €24,872 | -€290 | -1.2% |
| Amounts payable after more than one year | 17 | €7,938 | - | -€7,938 | |
| Other amounts payable | 178/9 | €7,938 | - | -€7,938 | |
| Amounts payable within one year | 42/48 | €17,224 | €24,872 | +€7,648 | +44.4% |
| Trade debts | 44 | €7,702 | €8,983 | +€1,280 | +16.6% |
| Suppliers | 440/4 | €7,702 | €8,983 | +€1,280 | +16.6% |
| Taxes, remuneration and social security | 45 | €2,515 | €4,911 | +€2,396 | +95.3% |
| Taxes | 450/3 | €2,515 | €4,911 | +€2,396 | +95.3% |
| Other amounts payable | 47/48 | €7,007 | €10,978 | +€3,971 | +56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,132 | €2,651 | +€518 | +24.3% |
| Other operating charges | 640/8 | €1,978 | €3,718 | +€1,740 | +87.9% |
| Gross operating margin | 9900 | €25,582 | €19,819 | -€5,763 | -22.5% |
| Operating profit (loss) | 9901 | €21,471 | €13,450 | -€8,021 | -37.4% |
| Financial charges | 65/66B | €1,031 | €918 | -€113 | -11.0% |
| Recurring financial charges | 65 | €1,031 | €918 | -€113 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €20,440 | €12,532 | -€7,908 | -38.7% |
| Income taxes | 67/77 | €1,400 | €2,788 | +€1,388 | +99.1% |
| Profit (loss) for the period | 9904 | €19,040 | €9,744 | -€9,296 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,040 | €9,744 | -€9,296 | -48.8% |
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 25 October 2026 via checked.be.