IMPRIMIERIE DENEF: 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.
IMPRIMIERIE DENEF
Largest movements
- Receivables within one year -€26,933
down €26,933 (-25.9%), from €103,790 to €76,857
of which Other amounts receivable: -€39,239
- Deferred charges and accrued income -€11,804
down €11,804 (-96.7%), from €12,205 to €401
- Tangible fixed assets -€10,357
down €10,357 (-22.4%), from €46,271 to €35,914
of which Plant, machinery and equipment: -€7,603
- Stocks and contracts +€4,210
up €4,210 (+21.8%), from €19,320 to €23,530
- Profit (loss) carried forward -€63,354
down €63,354 (-13.1%), from -€481,810 to -€545,164
- Trade debts +€55,033
up €55,033 (+57.3%), from €96,112 to €151,145
- Tax, wage and social debts -€38,117
down €38,117 (-46.2%), from €82,447 to €44,329
of which Taxes: -€42,420
- Contributions +€19,088
up €19,088 (+10.0%), from €190,875 to €209,963
- Reserves -€19,088
down €19,088 (-100%), from €19,088 to €0
- Other operating charges -€18,147
down €18,147 (-75.4%), from €24,081 to €5,934
- Staff costs +€13,110
up €13,110 (+8.6%), from €152,494 to €165,605
- Gross operating margin -€6,781
down €6,781 (-5.2%), from €129,542 to €122,762
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 | €190,289 | €143,850 | -€46,439 | -24.4% |
| Fixed assets | 21/28 | €46,576 | €36,219 | -€10,357 | -22.2% |
| Tangible fixed assets | 22/27 | €46,271 | €35,914 | -€10,357 | -22.4% |
| Land and buildings | 22 | €12,377 | €9,623 | -€2,754 | -22.3% |
| Plant, machinery and equipment | 23 | €33,894 | €26,291 | -€7,603 | -22.4% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €143,713 | €107,632 | -€36,082 | -25.1% |
| Stocks and contracts in progress | 3 | €19,320 | €23,530 | +€4,210 | +21.8% |
| Stocks | 30/36 | €19,320 | €23,530 | +€4,210 | +21.8% |
| Amounts receivable within one year | 40/41 | €103,790 | €76,857 | -€26,933 | -25.9% |
| Trade receivables | 40 | €64,551 | €76,857 | +€12,306 | +19.1% |
| Other amounts receivable | 41 | €39,239 | €0 | -€39,239 | -100% |
| Cash at bank and in hand | 54/58 | €8,398 | €6,843 | -€1,555 | -18.5% |
| Deferred charges and accrued income | 490/1 | €12,205 | €401 | -€11,804 | -96.7% |
| Total equity and liabilities | 10/49 | €190,289 | €143,850 | -€46,439 | -24.4% |
| Equity | 10/15 | -€271,847 | -€335,201 | -€63,354 | -23.3% |
| Contributions | 10/11 | €190,875 | €209,963 | +€19,088 | +10.0% |
| Reserves | 13 | €19,088 | €0 | -€19,088 | -100% |
| Non-distributable reserves | 130/1 | €19,088 | €0 | -€19,088 | -100% |
| Reserves not available under the articles | 1311 | €19,088 | €0 | -€19,088 | -100% |
| Profit (loss) carried forward | 14 | -€481,810 | -€545,164 | -€63,354 | -13.1% |
| Amounts payable | 17/49 | €462,136 | €479,051 | +€16,916 | +3.7% |
| Amounts payable within one year | 42/48 | €462,136 | €479,051 | +€16,916 | +3.7% |
| Trade debts | 44 | €96,112 | €151,145 | +€55,033 | +57.3% |
| Suppliers | 440/4 | €96,112 | €151,145 | +€55,033 | +57.3% |
| Taxes, remuneration and social security | 45 | €82,447 | €44,329 | -€38,117 | -46.2% |
| Taxes | 450/3 | €54,193 | €11,773 | -€42,420 | -78.3% |
| Remuneration and social security | 454/9 | €28,253 | €32,556 | +€4,303 | +15.2% |
| Other amounts payable | 47/48 | €283,577 | €283,577 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €152,494 | €165,605 | +€13,110 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,273 | €10,357 | +€1,084 | +11.7% |
| Other operating charges | 640/8 | €24,081 | €5,934 | -€18,147 | -75.4% |
| Gross operating margin | 9900 | €129,542 | €122,762 | -€6,781 | -5.2% |
| Operating profit (loss) | 9901 | -€56,306 | -€59,134 | -€2,828 | -5.0% |
| Financial income | 75/76B | - | €55 | +€55 | |
| Recurring financial income | 75 | - | €55 | +€55 | |
| Financial charges | 65/66B | €3,160 | €4,275 | +€1,115 | +35.3% |
| Recurring financial charges | 65 | €3,160 | €4,275 | +€1,115 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | -€59,466 | -€63,353 | -€3,888 | -6.5% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€59,466 | -€63,354 | -€3,889 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,466 | -€63,354 | -€3,889 | -6.5% |
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 17 October 2026 via checked.be.