PA-PRINT: 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.
PA-PRINT
Largest movements
- Cash -€41,592
down €41,592 (-38.8%), from €107,125 to €65,533
mainly Net result for the year (-€25,055) and Tax, wage and social debts (-€21,862)
- Receivables within one year -€29,390
down €29,390 (-37.6%), from €78,142 to €48,752
of which Trade receivables: -€29,390
- Tangible fixed assets +€3,049
up €3,049 (+5.1%), from €59,873 to €62,923
of which Furniture and vehicles: +€9,421
- Profit (loss) carried forward -€25,055
down €25,055 (-90.5%), from €27,693 to €2,638
- Tax, wage and social debts -€21,862
down €21,862 (-48.0%), from €45,590 to €23,728
of which Taxes: -€23,533
- Trade debts -€10,817
down €10,817 (-11.2%), from €96,463 to €85,646
- Debts after one year -€7,127
down €7,127 (-12.5%), from €57,040 to €49,913
- Staff costs +€22,936
up €22,936 (+39.7%), from €57,750 to €80,685
- Gross operating margin -€9,138
down €9,138 (-11.1%), from €82,060 to €72,922
- Depreciation -€2,706
down €2,706 (-19.9%), from €13,591 to €10,885
- Taxes -€2,185
no longer reported in 2025 (was €2,185)
- Financial charges +€1,227
up €1,227 (+208.0%), from €590 to €1,817
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 | €245,408 | €180,500 | -€64,908 | -26.4% |
| Fixed assets | 21/28 | €59,873 | €62,923 | +€3,049 | +5.1% |
| Tangible fixed assets | 22/27 | €59,873 | €62,923 | +€3,049 | +5.1% |
| Land and buildings | 22 | €46,046 | €43,715 | -€2,332 | -5.1% |
| Plant, machinery and equipment | 23 | €10,136 | €6,500 | -€3,636 | -35.9% |
| Furniture and vehicles | 24 | €2,918 | €12,340 | +€9,421 | +322.9% |
| Other tangible fixed assets | 26 | €772 | €368 | -€404 | -52.3% |
| Current assets | 29/58 | €185,534 | €117,577 | -€67,957 | -36.6% |
| Stocks and contracts in progress | 3 | €239 | €2,195 | +€1,956 | +818.0% |
| Stocks | 30/36 | €239 | €2,195 | +€1,956 | +818.0% |
| Amounts receivable within one year | 40/41 | €78,142 | €48,752 | -€29,390 | -37.6% |
| Trade receivables | 40 | €77,313 | €47,923 | -€29,390 | -38.0% |
| Other amounts receivable | 41 | €829 | €829 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €107,125 | €65,533 | -€41,592 | -38.8% |
| Deferred charges and accrued income | 490/1 | €28 | €1,097 | +€1,069 | +3823.1% |
| Total equity and liabilities | 10/49 | €245,408 | €180,500 | -€64,908 | -26.4% |
| Equity | 10/15 | €46,194 | €21,139 | -€25,055 | -54.2% |
| Contributions | 10/11 | €18,501 | €18,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,693 | €2,638 | -€25,055 | -90.5% |
| Amounts payable | 17/49 | €199,213 | €159,360 | -€39,853 | -20.0% |
| Amounts payable after more than one year | 17 | €57,040 | €49,913 | -€7,127 | -12.5% |
| Other amounts payable | 178/9 | €57,040 | €49,913 | -€7,127 | -12.5% |
| Amounts payable within one year | 42/48 | €142,053 | €109,374 | -€32,679 | -23.0% |
| Trade debts | 44 | €96,463 | €85,646 | -€10,817 | -11.2% |
| Suppliers | 440/4 | €96,463 | €85,646 | -€10,817 | -11.2% |
| Taxes, remuneration and social security | 45 | €45,590 | €23,728 | -€21,862 | -48.0% |
| Taxes | 450/3 | €36,469 | €12,936 | -€23,533 | -64.5% |
| Remuneration and social security | 454/9 | €9,121 | €10,792 | +€1,671 | +18.3% |
| Accrued charges and deferred income | 492/3 | €120 | €74 | -€47 | -38.7% |
| Remuneration, social security and pensions | 62 | €57,750 | €80,685 | +€22,936 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,591 | €10,885 | -€2,706 | -19.9% |
| Other operating charges | 640/8 | €3,908 | €4,589 | +€681 | +17.4% |
| Gross operating margin | 9900 | €82,060 | €72,922 | -€9,138 | -11.1% |
| Operating profit (loss) | 9901 | €6,811 | -€23,238 | -€30,049 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €590 | €1,817 | +€1,227 | +208.0% |
| Recurring financial charges | 65 | €590 | €1,817 | +€1,227 | +208.0% |
| Profit (loss) for the period before taxes | 9903 | €6,222 | -€25,055 | -€31,278 | |
| Income taxes | 67/77 | €2,185 | - | -€2,185 | |
| Profit (loss) for the period | 9904 | €4,037 | -€25,055 | -€29,093 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,037 | -€25,055 | -€29,093 |
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.