IC 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.
IC PRINTING
Largest movements
- Tangible fixed assets -€9,407
down €9,407 (-5.9%), from €160,198 to €150,792
of which Land and buildings: -€8,670
- Receivables within one year +€8,793
up €8,793 (+10.1%), from €86,745 to €95,538
of which Trade receivables: +€8,432
- Cash -€3,223
down €3,223 (-15.9%), from €20,252 to €17,028
mainly Net result for the year (-€22,320) and Contributions, distributions and other (-€19,494)
- Profit (loss) carried forward -€41,814
down €41,814 (-75.0%), from €55,788 to €13,974
- Debts after one year +€16,967
up €16,967 (+11.1%), from €153,424 to €170,391
- Trade debts +€16,475
up €16,475 (+1,142%), from €1,443 to €17,918
- Current portion of long-term debt +€3,580
new in 2025: €3,580
- Gross operating margin -€22,066
down €22,066 (-79.6%), from €27,732 to €5,666
- Other operating charges +€1,818
up €1,818 (+29.3%), from €6,212 to €8,030
- Depreciation +€864
up €864 (+5.3%), from €16,244 to €17,107
- Taxes +€545
new in 2025: €545
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 | €271,051 | €268,018 | -€3,034 | -1.1% |
| Fixed assets | 21/28 | €160,558 | €151,152 | -€9,407 | -5.9% |
| Tangible fixed assets | 22/27 | €160,198 | €150,792 | -€9,407 | -5.9% |
| Land and buildings | 22 | €133,620 | €124,950 | -€8,670 | -6.5% |
| Plant, machinery and equipment | 23 | €25,848 | €25,602 | -€245 | -0.9% |
| Furniture and vehicles | 24 | €731 | €239 | -€491 | -67.3% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €110,493 | €116,866 | +€6,373 | +5.8% |
| Stocks and contracts in progress | 3 | €2,300 | €4,300 | +€2,000 | +87.0% |
| Stocks | 30/36 | €2,300 | €4,300 | +€2,000 | +87.0% |
| Amounts receivable within one year | 40/41 | €86,745 | €95,538 | +€8,793 | +10.1% |
| Trade receivables | 40 | €86,675 | €95,107 | +€8,432 | +9.7% |
| Other amounts receivable | 41 | €70 | €431 | +€361 | +516% |
| Cash at bank and in hand | 54/58 | €20,252 | €17,028 | -€3,223 | -15.9% |
| Deferred charges and accrued income | 490/1 | €1,197 | - | -€1,197 | |
| Total equity and liabilities | 10/49 | €271,051 | €268,018 | -€3,034 | -1.1% |
| Equity | 10/15 | €100,227 | €58,413 | -€41,814 | -41.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €25,689 | €25,689 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,114 | €25,689 | +€1,574 | +6.5% |
| Reserves not available under the articles | 1311 | €24,114 | €25,689 | +€1,574 | +6.5% |
| Tax-exempt reserves | 132 | €1,574 | - | -€1,574 | |
| Profit (loss) carried forward | 14 | €55,788 | €13,974 | -€41,814 | -75.0% |
| Amounts payable | 17/49 | €170,824 | €209,605 | +€38,781 | +22.7% |
| Amounts payable after more than one year | 17 | €153,424 | €170,391 | +€16,967 | +11.1% |
| Financial debts | 170/4 | €153,424 | €170,391 | +€16,967 | +11.1% |
| Amounts payable within one year | 42/48 | €17,400 | €39,214 | +€21,814 | +125% |
| Current portion of amounts payable after more than one year | 42 | - | €3,580 | +€3,580 | |
| Trade debts | 44 | €1,443 | €17,918 | +€16,475 | +1,142% |
| Suppliers | 440/4 | €1,443 | €17,918 | +€16,475 | +1,142% |
| Taxes, remuneration and social security | 45 | €4,932 | €6,140 | +€1,208 | +24.5% |
| Taxes | 450/3 | €4,932 | €3,440 | -€1,492 | -30.2% |
| Remuneration and social security | 454/9 | - | €2,700 | +€2,700 | |
| Other amounts payable | 47/48 | €11,025 | €11,576 | +€551 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,244 | €17,107 | +€864 | +5.3% |
| Other operating charges | 640/8 | €6,212 | €8,030 | +€1,818 | +29.3% |
| Gross operating margin | 9900 | €27,732 | €5,666 | -€22,066 | -79.6% |
| Operating profit (loss) | 9901 | €5,277 | -€19,471 | -€24,748 | |
| Financial income | 75/76B | €1 | €25 | +€24 | +4,574% |
| Recurring financial income | 75 | €1 | €25 | +€24 | +4,574% |
| Financial charges | 65/66B | €2,055 | €2,329 | +€274 | +13.3% |
| Recurring financial charges | 65 | €2,055 | €2,329 | +€274 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €3,222 | -€21,775 | -€24,998 | |
| Income taxes | 67/77 | - | €545 | +€545 | |
| Profit (loss) for the period | 9904 | €3,222 | -€22,320 | -€25,543 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,222 | -€22,320 | -€25,543 |
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.