PDF Coating: 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.
PDF Coating
Largest movements
- Receivables within one year +€39,616
up €39,616 (+121.0%), from €32,727 to €72,343
of which Trade receivables: +€40,383
- Profit (loss) carried forward +€21,563
up €21,563 (+145.3%), from €14,840 to €36,403
- Accrued charges and deferred income +€13,701
new in 2025: €13,701
- Tax, wage and social debts +€7,421
new in 2025: €7,421
- Trade debts -€3,746
down €3,746 (-41.9%), from €8,945 to €5,199
- Short-term financial debts +€898
up €898 (+15.7%), from €5,721 to €6,619
- Gross operating margin +€40,483
up €40,483 (+245.0%), from €16,522 to €57,005
- Taxes +€10,871
new in 2025: €10,871
- Other operating charges +€7,724
up €7,724 (+2038.0%), from €379 to €8,103
- Staff costs -€922
down €922 (-6.5%), from €14,225 to €13,303
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,727 | €72,343 | +€39,616 | +121.0% |
| Current assets | 29/58 | €32,727 | €72,343 | +€39,616 | +121.0% |
| Amounts receivable within one year | 40/41 | €32,727 | €72,343 | +€39,616 | +121.0% |
| Trade receivables | 40 | €15,736 | €56,119 | +€40,383 | +256.6% |
| Other amounts receivable | 41 | €16,991 | €16,224 | -€767 | -4.5% |
| Total equity and liabilities | 10/49 | €32,727 | €72,343 | +€39,616 | +121.0% |
| Equity | 10/15 | €17,840 | €39,403 | +€21,563 | +120.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,840 | €36,403 | +€21,563 | +145.3% |
| Amounts payable | 17/49 | €14,887 | €32,940 | +€18,053 | +121.3% |
| Amounts payable within one year | 42/48 | €14,887 | €19,239 | +€4,352 | +29.2% |
| Financial debts | 43 | €5,721 | €6,619 | +€898 | +15.7% |
| Credit institutions | 430/8 | €5,721 | €6,619 | +€898 | +15.7% |
| Trade debts | 44 | €8,945 | €5,199 | -€3,746 | -41.9% |
| Suppliers | 440/4 | €8,945 | €5,199 | -€3,746 | -41.9% |
| Taxes, remuneration and social security | 45 | - | €7,421 | +€7,421 | |
| Taxes | 450/3 | - | €7,421 | +€7,421 | |
| Other amounts payable | 47/48 | €221 | - | -€221 | |
| Accrued charges and deferred income | 492/3 | - | €13,701 | +€13,701 | |
| Remuneration, social security and pensions | 62 | €14,225 | €13,303 | -€922 | -6.5% |
| Other operating charges | 640/8 | €379 | €8,103 | +€7,724 | +2038.0% |
| Gross operating margin | 9900 | €16,522 | €57,005 | +€40,483 | +245.0% |
| Operating profit (loss) | 9901 | €1,918 | €35,599 | +€33,681 | +1756.0% |
| Financial income | 75/76B | - | €70 | +€70 | |
| Recurring financial income | 75 | - | €70 | +€70 | |
| Financial charges | 65/66B | €2,676 | €3,235 | +€559 | +20.9% |
| Recurring financial charges | 65 | €2,676 | €3,235 | +€559 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | -€758 | €32,434 | +€33,192 | |
| Income taxes | 67/77 | - | €10,871 | +€10,871 | |
| Profit (loss) for the period | 9904 | -€758 | €21,563 | +€22,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€758 | €21,563 | +€22,321 |
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.