PRESS, INK & PAPER: 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.
PRESS, INK & PAPER
Largest movements
- Cash +€24,320
up €24,320 (+18.3%), from €132,852 to €157,172
mainly Net result for the year (+€29,211) and Depreciation (+€9,201)
- Tangible fixed assets +€7,746
up €7,746 (+47.6%), from €16,278 to €24,024
of which Furniture and vehicles: +€13,118
- Reserves +€29,211
up €29,211 (+16.6%), from €176,371 to €205,582
of which Distributable reserves: +€29,211
- Gross operating margin +€10,967
up €10,967 (+23.4%), from €46,858 to €57,825
- Taxes +€2,348
up €2,348 (+16.5%), from €14,271 to €16,619
- Depreciation -€715
down €715 (-7.2%), from €9,915 to €9,201
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 | €201,400 | €232,790 | +€31,390 | +15.6% |
| Fixed assets | 21/28 | €16,278 | €24,024 | +€7,746 | +47.6% |
| Tangible fixed assets | 22/27 | €16,278 | €24,024 | +€7,746 | +47.6% |
| Plant, machinery and equipment | 23 | €11,862 | €6,804 | -€5,058 | -42.6% |
| Furniture and vehicles | 24 | €4,103 | €17,221 | +€13,118 | +320% |
| Other tangible fixed assets | 26 | €314 | €0 | -€314 | -100.0% |
| Current assets | 29/58 | €185,121 | €208,765 | +€23,644 | +12.8% |
| Amounts receivable within one year | 40/41 | €52,270 | €51,593 | -€676 | -1.3% |
| Trade receivables | 40 | €42,808 | €41,649 | -€1,159 | -2.7% |
| Other amounts receivable | 41 | €9,462 | €9,944 | +€483 | +5.1% |
| Cash at bank and in hand | 54/58 | €132,852 | €157,172 | +€24,320 | +18.3% |
| Total equity and liabilities | 10/49 | €201,400 | €232,790 | +€31,390 | +15.6% |
| Equity | 10/15 | €182,571 | €211,782 | +€29,211 | +16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €176,371 | €205,582 | +€29,211 | +16.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,740 | €7,740 | = | 0.0% |
| Distributable reserves | 133 | €166,771 | €195,982 | +€29,211 | +17.5% |
| Amounts payable | 17/49 | €18,829 | €21,008 | +€2,179 | +11.6% |
| Amounts payable within one year | 42/48 | €18,829 | €21,008 | +€2,179 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €3,399 | €3,384 | -€15 | -0.4% |
| Trade debts | 44 | €7,425 | €9,207 | +€1,782 | +24.0% |
| Suppliers | 440/4 | €7,425 | €9,207 | +€1,782 | +24.0% |
| Advances received on contracts in progress | 46 | - | €1,319 | +€1,319 | |
| Taxes, remuneration and social security | 45 | €8,005 | €7,097 | -€908 | -11.3% |
| Taxes | 450/3 | €8,005 | €7,097 | -€908 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,915 | €9,201 | -€715 | -7.2% |
| Other operating charges | 640/8 | €1,167 | €792 | -€376 | -32.2% |
| Non-recurring operating charges | 66A | - | €1,647 | +€1,647 | |
| Gross operating margin | 9900 | €46,858 | €57,825 | +€10,967 | +23.4% |
| Operating profit (loss) | 9901 | €35,775 | €46,186 | +€10,411 | +29.1% |
| Financial income | 75/76B | €28 | €91 | +€62 | +220% |
| Recurring financial income | 75 | €28 | €91 | +€62 | +220% |
| Financial charges | 65/66B | €541 | €447 | -€95 | -17.5% |
| Recurring financial charges | 65 | €541 | €447 | -€95 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €35,262 | €45,830 | +€10,568 | +30.0% |
| Income taxes | 67/77 | €14,271 | €16,619 | +€2,348 | +16.5% |
| Profit (loss) for the period | 9904 | €20,991 | €29,211 | +€8,220 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,991 | €29,211 | +€8,220 | +39.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.