MN PRINTDECO: 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.
MN PRINTDECO
Largest movements
- Cash +€37,923
up €37,923 (+63.6%), from €59,604 to €97,527
mainly Net result for the year (+€33,786) and Depreciation (+€12,440)
- Tangible fixed assets -€11,235
down €11,235 (-93.0%), from €12,078 to €843
of which Furniture and vehicles: -€11,008
- Receivables within one year -€1,189
down €1,189 (-8.2%), from €14,559 to €13,370
of which Other amounts receivable: -€1,189
- Reserves +€33,780
up €33,780 (+48.8%), from €69,200 to €102,980
- Tax, wage and social debts -€5,005
down €5,005 (-79.9%), from €6,268 to €1,263
- Other debts -€3,352
down €3,352 (-100.0%), from €3,352 to €0
- Gross operating margin +€9,037
up €9,037 (+17.6%), from €51,213 to €60,251
- Taxes +€2,905
up €2,905 (+28.4%), from €10,239 to €13,144
- Depreciation -€1,267
down €1,267 (-9.2%), from €13,707 to €12,440
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 | €87,167 | €112,187 | +€25,020 | +28.7% |
| Fixed assets | 21/28 | €12,078 | €843 | -€11,235 | -93.0% |
| Tangible fixed assets | 22/27 | €12,078 | €843 | -€11,235 | -93.0% |
| Plant, machinery and equipment | 23 | €226 | €0 | -€226 | -100.0% |
| Furniture and vehicles | 24 | €11,851 | €843 | -€11,008 | -92.9% |
| Current assets | 29/58 | €75,089 | €111,344 | +€36,255 | +48.3% |
| Amounts receivable within one year | 40/41 | €14,559 | €13,370 | -€1,189 | -8.2% |
| Trade receivables | 40 | €7,980 | €7,980 | = | 0.0% |
| Other amounts receivable | 41 | €6,579 | €5,390 | -€1,189 | -18.1% |
| Cash at bank and in hand | 54/58 | €59,604 | €97,527 | +€37,923 | +63.6% |
| Deferred charges and accrued income | 490/1 | €926 | €447 | -€479 | -51.7% |
| Total equity and liabilities | 10/49 | €87,167 | €112,187 | +€25,020 | +28.7% |
| Equity | 10/15 | €75,746 | €109,531 | +€33,786 | +44.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,200 | €102,980 | +€33,780 | +48.8% |
| Distributable reserves | 133 | €69,200 | €102,980 | +€33,780 | +48.8% |
| Profit (loss) carried forward | 14 | €346 | €351 | +€6 | +1.6% |
| Amounts payable | 17/49 | €11,421 | €2,656 | -€8,766 | -76.7% |
| Amounts payable within one year | 42/48 | €11,421 | €2,656 | -€8,766 | -76.7% |
| Trade debts | 44 | €1,802 | €1,393 | -€409 | -22.7% |
| Suppliers | 440/4 | €1,802 | €1,393 | -€409 | -22.7% |
| Taxes, remuneration and social security | 45 | €6,268 | €1,263 | -€5,005 | -79.9% |
| Taxes | 450/3 | €6,268 | €1,263 | -€5,005 | -79.9% |
| Other amounts payable | 47/48 | €3,352 | €0 | -€3,352 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,707 | €12,440 | -€1,267 | -9.2% |
| Other operating charges | 640/8 | €511 | €928 | +€417 | +81.5% |
| Gross operating margin | 9900 | €51,213 | €60,251 | +€9,037 | +17.6% |
| Operating profit (loss) | 9901 | €36,995 | €46,883 | +€9,888 | +26.7% |
| Financial income | 75/76B | - | €92 | +€92 | |
| Recurring financial income | 75 | - | €92 | +€92 | |
| Financial charges | 65/66B | €46 | €45 | -€1 | -1.5% |
| Recurring financial charges | 65 | €46 | €45 | -€1 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €36,949 | €46,930 | +€9,980 | +27.0% |
| Income taxes | 67/77 | €10,239 | €13,144 | +€2,905 | +28.4% |
| Profit (loss) for the period | 9904 | €26,710 | €33,786 | +€7,075 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,710 | €33,786 | +€7,075 | +26.5% |
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 8 October 2026 via checked.be.