IPM 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.
IPM Printing
Largest movements
- Receivables within one year -€196,775
down €196,775 (-27.5%), from €715,218 to €518,443
- Cash -€52,406
down €52,406 (-84.9%), from €61,755 to €9,349
mainly Net result for the year (-€203,374) and Short-term financial debts (-€95,936)
- Intangible fixed assets -€46,850
down €46,850 (-33.7%), from €139,100 to €92,250
- Profit (loss) carried forward -€203,374
down €203,374 (-718%), from -€28,318 to -€231,691
- Trade debts +€111,710
up €111,710 (+25.0%), from €447,649 to €559,359
- Short-term financial debts -€95,936
down €95,936 (-40.3%), from €238,089 to €142,153
- Tax, wage and social debts -€57,055
down €57,055 (-33.1%), from €172,577 to €115,523
of which Remuneration and social security: -€38,345
- Accrued charges and deferred income -€51,531
down €51,531 (-94.9%), from €54,326 to €2,795
- Gross operating margin -€171,196
down €171,196 (-28.2%), from €607,605 to €436,410
- Staff costs +€29,403
up €29,403 (+5.3%), from €555,106 to €584,509
- Financial income -€7,117
down €7,117 (-99.0%), from €7,187 to €70
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €952,523 | €656,338 | -€296,185 | -31.1% |
| Fixed assets | 21/28 | €175,388 | €128,378 | -€47,010 | -26.8% |
| Intangible fixed assets | 21 | €139,100 | €92,250 | -€46,850 | -33.7% |
| Financial fixed assets | 28 | €36,288 | €36,128 | -€160 | -0.4% |
| Current assets | 29/58 | €777,135 | €527,960 | -€249,175 | -32.1% |
| Amounts receivable within one year | 40/41 | €715,218 | €518,443 | -€196,775 | -27.5% |
| Trade receivables | 40 | €715,218 | €518,443 | -€196,775 | -27.5% |
| Cash at bank and in hand | 54/58 | €61,755 | €9,349 | -€52,406 | -84.9% |
| Deferred charges and accrued income | 490/1 | €162 | €168 | +€6 | +3.6% |
| Total equity and liabilities | 10/49 | €952,523 | €656,338 | -€296,185 | -31.1% |
| Equity | 10/15 | €39,882 | -€163,491 | -€203,374 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,318 | -€231,691 | -€203,374 | -718% |
| Amounts payable | 17/49 | €912,641 | €819,829 | -€92,812 | -10.2% |
| Amounts payable within one year | 42/48 | €858,315 | €817,034 | -€41,281 | -4.8% |
| Financial debts | 43 | €238,089 | €142,153 | -€95,936 | -40.3% |
| Credit institutions | 430/8 | €238,089 | €142,153 | -€95,936 | -40.3% |
| Trade debts | 44 | €447,649 | €559,359 | +€111,710 | +25.0% |
| Suppliers | 440/4 | €447,649 | €559,359 | +€111,710 | +25.0% |
| Taxes, remuneration and social security | 45 | €172,577 | €115,523 | -€57,055 | -33.1% |
| Taxes | 450/3 | €58,546 | €39,836 | -€18,710 | -32.0% |
| Remuneration and social security | 454/9 | €114,031 | €75,686 | -€38,345 | -33.6% |
| Accrued charges and deferred income | 492/3 | €54,326 | €2,795 | -€51,531 | -94.9% |
| Non-recurring operating income | 76A | €4,028 | - | -€4,028 | |
| Remuneration, social security and pensions | 62 | €555,106 | €584,509 | +€29,403 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,326 | €46,850 | -€4,476 | -8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,970 | €560 | +€2,530 | |
| Gross operating margin | 9900 | €607,605 | €436,410 | -€171,196 | -28.2% |
| Operating profit (loss) | 9901 | €3,144 | -€195,509 | -€198,653 | |
| Financial income | 75/76B | €7,187 | €70 | -€7,117 | -99.0% |
| Recurring financial income | 75 | €7,187 | €70 | -€7,117 | -99.0% |
| Financial charges | 65/66B | €8,954 | €7,197 | -€1,757 | -19.6% |
| Recurring financial charges | 65 | €8,954 | €7,197 | -€1,757 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €1,377 | -€202,636 | -€204,012 | |
| Income taxes | 67/77 | €500 | €738 | +€238 | +47.6% |
| Profit (loss) for the period | 9904 | €877 | -€203,374 | -€204,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €877 | -€203,374 | -€204,250 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.