HIBOU PRINTING: 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.
HIBOU PRINTING
Largest movements
- Tangible fixed assets -€51,632
down €51,632 (-55.1%), from €93,669 to €42,038
of which Land and buildings: -€47,250
- Cash +€43,365
up €43,365 (+61.1%), from €70,993 to €114,358
mainly Investment in fixed assets (net) (+€27,702) and Net result for the year (+€25,131)
- Receivables within one year -€12,319
down €12,319 (-25.1%), from €49,173 to €36,854
of which Trade receivables: -€10,230
- Reserves +€42,100
up €42,100 (+351%), from €12,000 to €54,100
of which Tax-exempt reserves: +€42,100
- Other debts -€32,820
down €32,820 (-70.6%), from €46,464 to €13,644
- Profit (loss) carried forward -€16,969
down €16,969 (-54.6%), from €31,053 to €14,084
- Debts after one year -€15,306
down €15,306 (-33.9%), from €45,102 to €29,796
- Trade debts +€11,528
up €11,528 (+33.7%), from €34,225 to €45,752
- Gross operating margin +€17,584
up €17,584 (+33.5%), from €52,562 to €70,146
- Taxes +€6,966
up €6,966 (+212%), from €3,280 to €10,247
- Depreciation -€2,790
down €2,790 (-10.4%), from €26,720 to €23,930
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 | €217,576 | €197,955 | -€19,620 | -9.0% |
| Fixed assets | 21/28 | €93,669 | €42,038 | -€51,632 | -55.1% |
| Tangible fixed assets | 22/27 | €93,669 | €42,038 | -€51,632 | -55.1% |
| Land and buildings | 22 | €69,386 | €22,136 | -€47,250 | -68.1% |
| Plant, machinery and equipment | 23 | €23,457 | €17,572 | -€5,885 | -25.1% |
| Furniture and vehicles | 24 | €826 | €2,329 | +€1,503 | +182% |
| Current assets | 29/58 | €123,906 | €155,918 | +€32,011 | +25.8% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,173 | €36,854 | -€12,319 | -25.1% |
| Trade receivables | 40 | €40,542 | €30,312 | -€10,230 | -25.2% |
| Other amounts receivable | 41 | €8,630 | €6,542 | -€2,089 | -24.2% |
| Cash at bank and in hand | 54/58 | €70,993 | €114,358 | +€43,365 | +61.1% |
| Deferred charges and accrued income | 490/1 | €1,241 | €2,206 | +€965 | +77.8% |
| Total equity and liabilities | 10/49 | €217,576 | €197,955 | -€19,620 | -9.0% |
| Equity | 10/15 | €67,279 | €91,565 | +€24,286 | +36.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €54,100 | +€42,100 | +351% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,053 | €14,084 | -€16,969 | -54.6% |
| Investment grants | 15 | €4,226 | €3,381 | -€845 | -20.0% |
| Amounts payable | 17/49 | €150,297 | €106,390 | -€43,907 | -29.2% |
| Amounts payable after more than one year | 17 | €45,102 | €29,796 | -€15,306 | -33.9% |
| Financial debts | 170/4 | €45,102 | €29,796 | -€15,306 | -33.9% |
| Amounts payable within one year | 42/48 | €103,757 | €75,157 | -€28,600 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €18,793 | €15,306 | -€3,486 | -18.6% |
| Trade debts | 44 | €34,225 | €45,752 | +€11,528 | +33.7% |
| Suppliers | 440/4 | €34,225 | €45,752 | +€11,528 | +33.7% |
| Taxes, remuneration and social security | 45 | €4,275 | €453 | -€3,822 | -89.4% |
| Taxes | 450/3 | €4,275 | €453 | -€3,822 | -89.4% |
| Other amounts payable | 47/48 | €46,464 | €13,644 | -€32,820 | -70.6% |
| Accrued charges and deferred income | 492/3 | €1,438 | €1,438 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,720 | €23,930 | -€2,790 | -10.4% |
| Other operating charges | 640/8 | €2,607 | €2,714 | +€107 | +4.1% |
| Non-recurring operating charges | 66A | - | €8,082 | +€8,082 | |
| Gross operating margin | 9900 | €52,562 | €70,146 | +€17,584 | +33.5% |
| Operating profit (loss) | 9901 | €23,235 | €35,420 | +€12,185 | +52.4% |
| Financial income | 75/76B | €993 | €947 | -€46 | -4.6% |
| Recurring financial income | 75 | €993 | €947 | -€46 | -4.6% |
| Financial charges | 65/66B | €1,565 | €989 | -€575 | -36.8% |
| Recurring financial charges | 65 | €1,565 | €989 | -€575 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €22,663 | €35,378 | +€12,715 | +56.1% |
| Income taxes | 67/77 | €3,280 | €10,247 | +€6,966 | +212% |
| Profit (loss) for the period | 9904 | €19,383 | €25,131 | +€5,749 | +29.7% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,383 | -€16,969 | -€36,351 |
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 24 October 2026 via checked.be.