PICKING GRAPHIC: 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.
What changed
PICKING GRAPHIC
NACE 18.130, Pre-press and pre-media services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€247,173
2024 · -€427,843+€675,017
Equity
€373,562
2024 · €271,889+€101,673
Cash
€43,823
2024 · €40,137+€3,686
Balance sheet total
€1.4m
2024 · €1.2m+€137,445
Largest movements
Assets
- Receivables within one year +€79,838
up €79,838 (+7.4%), from €1.1m to €1.2m
of which Trade receivables: +€94,005
- Financial fixed assets +€62,800
up €62,800 (+65.2%), from €96,333 to €159,133
Equity and liabilities
- Profit (loss) carried forward +€101,673
up €101,673 (+62.8%), from €161,889 to €263,562
- Other debts +€30,000
new in 2025: €30,000
Income statement
- Gross operating margin +€118,195
up €118,195 (+57.7%), from €204,784 to €322,980
- Financial income -€51,886
down €51,886 (-53.2%), from €97,574 to €45,688
- Other operating charges +€21,892
up €21,892 (+287.0%), from €7,628 to €29,520
- Depreciation -€17,395
down €17,395 (-58.3%), from €29,861 to €12,466
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.
Result 2024
-€427,843
Gross operating margin
+€118,195
Staff costs
-€833
Depreciation
+€17,395
Other operating charges
-€21,892
Other operating items
+€613,687
Financial income
-€51,886
Financial charges
+€352
Taxes
-€2
Result 2025
€247,173
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.
From operations
+€219,680
Investment
-€66,300
Financing
-€149,695
Cash 2024
€40,137
From operations (derived)
+€219,680
Net result for the year
+€247,173
Depreciation
+€12,466
Receivables within one year
-€79,838
Deferred charges and accrued income
-€87
Trade debts
-€857
Tax, wage and social debts
+€10,824
Other debts
+€30,000
Investment (derived)
-€66,300
Investment in fixed assets (net)
-€66,300
Financing
-€149,695
Current portion of long-term debt
-€4,195
Contributions, distributions and other
-€145,500
Cash 2025
€43,823
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,243,593 | €1,381,038 | +€137,445 | +11.1% |
| Fixed assets | 21/28 | €127,647 | €181,481 | +€53,834 | +42.2% |
| Intangible fixed assets | 21 | €28,430 | €19,553 | -€8,877 | -31.2% |
| Tangible fixed assets | 22/27 | €2,883 | €2,794 | -€89 | -3.1% |
| Furniture and vehicles | 24 | €33 | €2,794 | +€2,761 | +8347.6% |
| Leasing and similar rights | 25 | €2,850 | €0 | -€2,850 | -100.0% |
| Financial fixed assets | 28 | €96,333 | €159,133 | +€62,800 | +65.2% |
| Current assets | 29/58 | €1,115,946 | €1,199,557 | +€83,611 | +7.5% |
| Amounts receivable within one year | 40/41 | €1,075,752 | €1,155,590 | +€79,838 | +7.4% |
| Trade receivables | 40 | €955,090 | €1,049,094 | +€94,005 | +9.8% |
| Other amounts receivable | 41 | €120,662 | €106,496 | -€14,166 | -11.7% |
| Cash at bank and in hand | 54/58 | €40,137 | €43,823 | +€3,686 | +9.2% |
| Deferred charges and accrued income | 490/1 | €57 | €144 | +€87 | +154.1% |
| Total equity and liabilities | 10/49 | €1,243,593 | €1,381,038 | +€137,445 | +11.1% |
| Equity | 10/15 | €271,889 | €373,562 | +€101,673 | +37.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,889 | €263,562 | +€101,673 | +62.8% |
| Amounts payable | 17/49 | €971,704 | €1,007,476 | +€35,772 | +3.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €971,704 | €1,007,476 | +€35,772 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €4,195 | €0 | -€4,195 | -100.0% |
| Trade debts | 44 | €953,445 | €952,588 | -€857 | -0.1% |
| Suppliers | 440/4 | €953,445 | €952,588 | -€857 | -0.1% |
| Taxes, remuneration and social security | 45 | €14,064 | €24,888 | +€10,824 | +77.0% |
| Taxes | 450/3 | €339 | €11,641 | +€11,302 | +3336.0% |
| Remuneration and social security | 454/9 | €13,725 | €13,247 | -€478 | -3.5% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €97 | €0 | -€97 | -100.0% |
| Remuneration, social security and pensions | 62 | €74,597 | €75,430 | +€833 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,861 | €12,466 | -€17,395 | -58.3% |
| Other operating charges | 640/8 | €7,628 | €29,520 | +€21,892 | +287.0% |
| Non-recurring operating charges | 66A | €613,687 | €0 | -€613,687 | -100.0% |
| Gross operating margin | 9900 | €204,784 | €322,980 | +€118,195 | +57.7% |
| Operating profit (loss) | 9901 | -€520,989 | €205,564 | +€726,552 | |
| Financial income | 75/76B | €97,574 | €45,688 | -€51,886 | -53.2% |
| Recurring financial income | 75 | €97,574 | €45,688 | -€51,886 | -53.2% |
| Financial charges | 65/66B | €4,254 | €3,902 | -€352 | -8.3% |
| Recurring financial charges | 65 | €4,254 | €3,902 | -€352 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | -€427,669 | €247,350 | +€675,018 | |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€427,843 | €247,173 | +€675,017 | |
| Profit (loss) for the period to be appropriated | 9905 | -€427,843 | €247,173 | +€675,017 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.