POSTPRINT: 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.
POSTPRINT
Largest movements
- Current investments +€750,000
up €750,000 (+85.8%), from €874,101 to €1.6m
- Cash -€691,737
down €691,737 (-42.4%), from €1.6m to €940,104
mainly Current investments (-€750,000) and Deferred charges and accrued income (-€3,340)
- Reserves +€38,122
up €38,122 (+1.6%), from €2.3m to €2.4m
of which Non-distributable reserves: +€33,909
- Financial income -€11,100
down €11,100 (-38.1%), from €29,100 to €18,000
- Gross operating margin +€8,488
up €8,488 (+15.3%), from €55,616 to €64,104
- Taxes -€2,666
down €2,666 (-16.3%), from €16,310 to €13,644
- Other operating charges +€1,687
up €1,687 (+11.0%), from €15,305 to €16,992
- Financial charges -€804
down €804 (-33.1%), from €2,430 to €1,625
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.
Derived cash bridge
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 | €3,361,021 | €3,395,702 | +€34,681 | +1.0% |
| Fixed assets | 21/28 | €723,780 | €708,177 | -€15,602 | -2.2% |
| Tangible fixed assets | 22/27 | €721,457 | €705,855 | -€15,602 | -2.2% |
| Land and buildings | 22 | €522,541 | €520,870 | -€1,672 | -0.3% |
| Other tangible fixed assets | 26 | €198,916 | €184,985 | -€13,931 | -7.0% |
| Financial fixed assets | 28 | €2,322 | €2,322 | = | 0.0% |
| Current assets | 29/58 | €2,637,241 | €2,687,525 | +€50,283 | +1.9% |
| Amounts receivable within one year | 40/41 | €124,539 | €113,220 | -€11,319 | -9.1% |
| Trade receivables | 40 | €36,352 | €0 | -€36,352 | -100% |
| Other amounts receivable | 41 | €88,187 | €113,220 | +€25,033 | +28.4% |
| Current investments | 50/53 | €874,101 | €1,624,101 | +€750,000 | +85.8% |
| Cash at bank and in hand | 54/58 | €1,631,841 | €940,104 | -€691,737 | -42.4% |
| Deferred charges and accrued income | 490/1 | €6,759 | €10,099 | +€3,340 | +49.4% |
| Total equity and liabilities | 10/49 | €3,361,021 | €3,395,702 | +€34,681 | +1.0% |
| Equity | 10/15 | €3,353,512 | €3,387,421 | +€33,909 | +1.0% |
| Contributions | 10/11 | €967,133 | €967,133 | = | 0.0% |
| Capital | 10 | €967,133 | €967,133 | = | 0.0% |
| Issued capital | 100 | €967,133 | €967,133 | = | 0.0% |
| Revaluation surpluses | 12 | €62,840 | €58,628 | -€4,212 | -6.7% |
| Reserves | 13 | €2,323,538 | €2,361,660 | +€38,122 | +1.6% |
| Non-distributable reserves | 130/1 | €44,830 | €78,739 | +€33,909 | +75.6% |
| Legal reserve | 130 | €44,830 | €78,739 | +€33,909 | +75.6% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €2,241,208 | €2,245,420 | +€4,212 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,509 | €8,281 | +€772 | +10.3% |
| Amounts payable within one year | 42/48 | €7,509 | €8,281 | +€772 | +10.3% |
| Trade debts | 44 | €7,136 | €5,427 | -€1,709 | -24.0% |
| Suppliers | 440/4 | €7,136 | €5,427 | -€1,709 | -24.0% |
| Taxes, remuneration and social security | 45 | €374 | €2,855 | +€2,481 | +664% |
| Taxes | 450/3 | €374 | €2,855 | +€2,481 | +664% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | €664 | €0 | -€664 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,602 | €15,602 | = | 0.0% |
| Other operating charges | 640/8 | €15,305 | €16,992 | +€1,687 | +11.0% |
| Non-recurring operating charges | 66A | - | €331 | +€331 | |
| Gross operating margin | 9900 | €55,616 | €64,104 | +€8,488 | +15.3% |
| Operating profit (loss) | 9901 | €24,709 | €31,178 | +€6,469 | +26.2% |
| Financial income | 75/76B | €29,100 | €18,000 | -€11,100 | -38.1% |
| Recurring financial income | 75 | €29,100 | €18,000 | -€11,100 | -38.1% |
| Financial charges | 65/66B | €2,430 | €1,625 | -€804 | -33.1% |
| Recurring financial charges | 65 | €2,430 | €1,625 | -€804 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €51,379 | €47,553 | -€3,826 | -7.4% |
| Income taxes | 67/77 | €16,310 | €13,644 | -€2,666 | -16.3% |
| Profit (loss) for the period | 9904 | €35,070 | €33,909 | -€1,160 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,070 | €33,909 | -€1,160 | -3.3% |
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 18 October 2026 via checked.be.