PB PRINTING: 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.
PB PRINTING
Largest movements
- Intangible fixed assets -€5,500
down €5,500 (-77.1%), from €7,135 to €1,635
- Stocks and contracts -€5,102
down €5,102 (-13.3%), from €38,500 to €33,399
- Cash +€1,826
new in 2025: €1,826
mainly Depreciation (+€5,500) and Tax, wage and social debts (+€5,346)
- Trade debts -€11,949
down €11,949 (-76.8%), from €15,553 to €3,603
- Tax, wage and social debts +€5,346
up €5,346 (+45.5%), from €11,744 to €17,090
of which Remuneration and social security: +€2,749
- Profit (loss) carried forward -€1,058
down €1,058 (-359.6%), from -€294 to -€1,352
- Short-term financial debts -€777
no longer reported in 2025 (was €777)
- Gross operating margin -€13,171
down €13,171 (-18.6%), from €70,970 to €57,799
- Staff costs +€1,995
up €1,995 (+4.0%), from €49,292 to €51,287
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 | €53,206 | €44,598 | -€8,608 | -16.2% |
| Fixed assets | 21/28 | €7,321 | €1,821 | -€5,500 | -75.1% |
| Intangible fixed assets | 21 | €7,135 | €1,635 | -€5,500 | -77.1% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €45,884 | €42,777 | -€3,108 | -6.8% |
| Stocks and contracts in progress | 3 | €38,500 | €33,399 | -€5,102 | -13.3% |
| Stocks | 30/36 | €38,500 | €33,399 | -€5,102 | -13.3% |
| Amounts receivable within one year | 40/41 | €6,156 | €6,352 | +€196 | +3.2% |
| Trade receivables | 40 | €5,533 | €6,352 | +€819 | +14.8% |
| Other amounts receivable | 41 | €623 | - | -€623 | |
| Cash at bank and in hand | 54/58 | - | €1,826 | +€1,826 | |
| Deferred charges and accrued income | 490/1 | €1,228 | €1,200 | -€28 | -2.3% |
| Total equity and liabilities | 10/49 | €53,206 | €44,598 | -€8,608 | -16.2% |
| Equity | 10/15 | €12,106 | €11,048 | -€1,058 | -8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€294 | -€1,352 | -€1,058 | -359.6% |
| Amounts payable | 17/49 | €41,100 | €33,550 | -€7,550 | -18.4% |
| Amounts payable within one year | 42/48 | €40,805 | €33,410 | -€7,396 | -18.1% |
| Financial debts | 43 | €777 | - | -€777 | |
| Credit institutions | 430/8 | €777 | - | -€777 | |
| Trade debts | 44 | €15,553 | €3,603 | -€11,949 | -76.8% |
| Suppliers | 440/4 | €15,553 | €3,603 | -€11,949 | -76.8% |
| Taxes, remuneration and social security | 45 | €11,744 | €17,090 | +€5,346 | +45.5% |
| Taxes | 450/3 | €3,609 | €6,207 | +€2,598 | +72.0% |
| Remuneration and social security | 454/9 | €8,134 | €10,883 | +€2,749 | +33.8% |
| Other amounts payable | 47/48 | €12,732 | €12,716 | -€16 | -0.1% |
| Accrued charges and deferred income | 492/3 | €294 | €141 | -€154 | -52.3% |
| Remuneration, social security and pensions | 62 | €49,292 | €51,287 | +€1,995 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,500 | €5,500 | = | 0.0% |
| Other operating charges | 640/8 | €789 | €564 | -€225 | -28.5% |
| Gross operating margin | 9900 | €70,970 | €57,799 | -€13,171 | -18.6% |
| Operating profit (loss) | 9901 | €15,390 | €448 | -€14,942 | -97.1% |
| Financial income | 75/76B | €550 | €4 | -€546 | -99.2% |
| Recurring financial income | 75 | €550 | €4 | -€546 | -99.2% |
| Financial charges | 65/66B | €1,915 | €1,511 | -€405 | -21.1% |
| Recurring financial charges | 65 | €1,915 | €1,511 | -€405 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €14,025 | -€1,058 | -€15,083 | |
| Profit (loss) for the period | 9904 | €14,025 | -€1,058 | -€15,083 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,025 | -€1,058 | -€15,083 |
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.