Ink Master: what changed
Two fiscal 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.
Ink Master
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-25.0%), from €80,000 to €60,000
- Tangible fixed assets -€19,169
down €19,169 (-32.8%), from €58,472 to €39,303
of which Plant, machinery and equipment: -€13,039
- Deferred charges and accrued income +€14,875
up €14,875 (+3450.7%), from €431 to €15,307
- Receivables within one year +€8,634
up €8,634 (+2515.0%), from €343 to €8,977
- Current portion of long-term debt +€67,309
up €67,309 (+765.6%), from €8,792 to €76,101
- Other debts -€43,605
down €43,605 (-62.9%), from €69,349 to €25,744
- Debts after one year -€38,400
no longer reported in 2025 (was €38,400)
- Trade debts -€9,013
down €9,013 (-62.8%), from €14,347 to €5,334
of which Suppliers: -€7,586
- Tax, wage and social debts +€5,104
up €5,104 (+220.9%), from €2,310 to €7,415
of which Remuneration and social security: +€3,845
- Gross operating margin -€23,852
down €23,852 (-34.2%), from €69,816 to €45,964
- Staff costs -€19,645
down €19,645 (-97.2%), from €20,220 to €576
- Financial charges +€1,613
up €1,613 (+134.1%), from €1,203 to €2,816
- Other operating charges -€741
down €741 (-43.3%), from €1,710 to €970
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.
Cash bridge derived
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 | €147,976 | €130,855 | -€17,121 | -11.6% |
| Fixed assets | 21/28 | €138,472 | €99,303 | -€39,169 | -28.3% |
| Intangible fixed assets | 21 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Tangible fixed assets | 22/27 | €58,472 | €39,303 | -€19,169 | -32.8% |
| Plant, machinery and equipment | 23 | €38,436 | €25,396 | -€13,039 | -33.9% |
| Furniture and vehicles | 24 | €20,036 | €13,906 | -€6,130 | -30.6% |
| Current assets | 29/58 | €9,504 | €31,552 | +€22,048 | +232.0% |
| Amounts receivable within one year | 40/41 | €343 | €8,977 | +€8,634 | +2515.0% |
| Other amounts receivable | 41 | €343 | €8,977 | +€8,634 | +2515.0% |
| Cash at bank and in hand | 54/58 | €8,729 | €7,268 | -€1,461 | -16.7% |
| Deferred charges and accrued income | 490/1 | €431 | €15,307 | +€14,875 | +3450.7% |
| Total equity and liabilities | 10/49 | €147,976 | €130,855 | -€17,121 | -11.6% |
| Equity | 10/15 | €8,885 | €10,370 | +€1,484 | +16.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,885 | €8,370 | +€1,484 | +21.6% |
| Amounts payable | 17/49 | €139,090 | €120,485 | -€18,605 | -13.4% |
| Amounts payable after more than one year | 17 | €38,400 | - | -€38,400 | |
| Financial debts | 170/4 | €38,400 | - | -€38,400 | |
| Amounts payable within one year | 42/48 | €94,798 | €114,593 | +€19,795 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €8,792 | €76,101 | +€67,309 | +765.6% |
| Trade debts | 44 | €14,347 | €5,334 | -€9,013 | -62.8% |
| Suppliers | 440/4 | €12,920 | €5,334 | -€7,586 | -58.7% |
| Bills of exchange payable | 441 | €1,427 | - | -€1,427 | |
| Taxes, remuneration and social security | 45 | €2,310 | €7,415 | +€5,104 | +220.9% |
| Taxes | 450/3 | - | €1,259 | +€1,259 | |
| Remuneration and social security | 454/9 | €2,310 | €6,155 | +€3,845 | +166.4% |
| Other amounts payable | 47/48 | €69,349 | €25,744 | -€43,605 | -62.9% |
| Accrued charges and deferred income | 492/3 | €5,892 | €5,892 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €20,220 | €576 | -€19,645 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,798 | €40,118 | +€321 | +0.8% |
| Other operating charges | 640/8 | €1,710 | €970 | -€741 | -43.3% |
| Gross operating margin | 9900 | €69,816 | €45,964 | -€23,852 | -34.2% |
| Operating profit (loss) | 9901 | €8,088 | €4,301 | -€3,788 | -46.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,203 | €2,816 | +€1,613 | +134.1% |
| Recurring financial charges | 65 | €1,203 | €2,816 | +€1,613 | +134.1% |
| Profit (loss) for the period before taxes | 9903 | €6,885 | €1,484 | -€5,401 | -78.4% |
| Profit (loss) for the period | 9904 | €6,885 | €1,484 | -€5,401 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,885 | €1,484 | -€5,401 | -78.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.