IMPRIMERIE BENOIT MEYER: 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.
IMPRIMERIE BENOIT MEYER
Largest movements
- Cash +€385,570
up €385,570 (+869%), from €44,378 to €429,948
mainly Current investments (+€349,861) and Depreciation (+€46,368)
- Current investments -€349,861
down €349,861 (-99.9%), from €350,317 to €457
- Tangible fixed assets -€46,368
down €46,368 (-10.5%), from €440,103 to €393,735
of which Land and buildings: -€38,679
- Receivables within one year -€15,109
down €15,109 (-69.9%), from €21,627 to €6,519
of which Trade receivables: -€17,279
- Current portion of long-term debt -€26,557
down €26,557 (-91.6%), from €28,995 to €2,438
- Tax, wage and social debts -€11,818
down €11,818 (-85.8%), from €13,780 to €1,963
- Trade debts +€9,381
up €9,381 (+86.0%), from €10,909 to €20,290
- Gross operating margin -€40,583
down €40,583 (-34.8%), from €116,727 to €76,144
- Taxes -€12,395
down €12,395 (-56.4%), from €21,958 to €9,563
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 | €865,792 | €838,121 | -€27,671 | -3.2% |
| Fixed assets | 21/28 | €440,141 | €393,773 | -€46,368 | -10.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €440,103 | €393,735 | -€46,368 | -10.5% |
| Land and buildings | 22 | €412,018 | €373,339 | -€38,679 | -9.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €28,084 | €20,395 | -€7,689 | -27.4% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €425,651 | €444,348 | +€18,697 | +4.4% |
| Stocks and contracts in progress | 3 | €9,008 | €5,289 | -€3,719 | -41.3% |
| Stocks | 30/36 | €9,008 | €5,289 | -€3,719 | -41.3% |
| Amounts receivable within one year | 40/41 | €21,627 | €6,519 | -€15,109 | -69.9% |
| Trade receivables | 40 | €21,588 | €4,309 | -€17,279 | -80.0% |
| Other amounts receivable | 41 | €39 | €2,210 | +€2,170 | +5,545% |
| Current investments | 50/53 | €350,317 | €457 | -€349,861 | -99.9% |
| Cash at bank and in hand | 54/58 | €44,378 | €429,948 | +€385,570 | +869% |
| Deferred charges and accrued income | 490/1 | €321 | €2,136 | +€1,815 | +565% |
| Total equity and liabilities | 10/49 | €865,792 | €838,121 | -€27,671 | -3.2% |
| Equity | 10/15 | €722,779 | €721,451 | -€1,328 | -0.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €462,567 | €461,467 | -€1,100 | -0.2% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €456,317 | €455,217 | -€1,100 | -0.2% |
| Profit (loss) carried forward | 14 | €194,856 | €194,898 | +€42 | 0.0% |
| Investment grants | 15 | €2,856 | €2,586 | -€270 | -9.5% |
| Amounts payable | 17/49 | €143,013 | €116,670 | -€26,342 | -18.4% |
| Amounts payable after more than one year | 17 | €2,438 | - | -€2,438 | |
| Financial debts | 170/4 | €2,438 | - | -€2,438 | |
| Amounts payable within one year | 42/48 | €133,936 | €112,438 | -€21,498 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €28,995 | €2,438 | -€26,557 | -91.6% |
| Trade debts | 44 | €10,909 | €20,290 | +€9,381 | +86.0% |
| Suppliers | 440/4 | €10,909 | €20,290 | +€9,381 | +86.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,780 | €1,963 | -€11,818 | -85.8% |
| Taxes | 450/3 | €13,780 | €1,963 | -€11,818 | -85.8% |
| Other amounts payable | 47/48 | €80,252 | €87,748 | +€7,495 | +9.3% |
| Accrued charges and deferred income | 492/3 | €6,639 | €4,232 | -€2,407 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,592 | €46,368 | -€224 | -0.5% |
| Other operating charges | 640/8 | €11,267 | €10,573 | -€695 | -6.2% |
| Gross operating margin | 9900 | €116,727 | €76,144 | -€40,583 | -34.8% |
| Operating profit (loss) | 9901 | €58,868 | €19,204 | -€39,664 | -67.4% |
| Financial income | 75/76B | €13,911 | €12,976 | -€934 | -6.7% |
| Recurring financial income | 75 | €13,911 | €12,976 | -€934 | -6.7% |
| Financial charges | 65/66B | €5,778 | €4,675 | -€1,103 | -19.1% |
| Recurring financial charges | 65 | €5,778 | €4,675 | -€1,103 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €67,001 | €27,505 | -€39,496 | -58.9% |
| Income taxes | 67/77 | €21,958 | €9,563 | -€12,395 | -56.4% |
| Profit (loss) for the period | 9904 | €45,043 | €17,942 | -€27,101 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,043 | €17,942 | -€27,101 | -60.2% |
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 30 October 2026 via checked.be.