PRESS & PAPER CLIPS: 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 & PAPER CLIPS
Largest movements
- Cash +€30,191
up €30,191 (+75.7%), from €39,889 to €70,080
mainly Net result for the year (+€15,168) and Trade debts (+€14,597)
- Stocks and contracts -€13,240
down €13,240 (-11.9%), from €111,254 to €98,014
- Receivables within one year +€6,655
up €6,655 (+34.1%), from €19,532 to €26,187
of which Trade receivables: +€4,337
- Reserves +€15,178
up €15,178 (+80.0%), from €18,979 to €34,157
- Trade debts +€14,597
up €14,597 (+58.2%), from €25,067 to €39,664
- Debts after one year -€12,700
down €12,700 (-46.6%), from €27,237 to €14,537
- Tax, wage and social debts +€10,894
up €10,894 (+62.6%), from €17,405 to €28,299
of which Taxes: +€10,799
- Current portion of long-term debt -€3,347
down €3,347 (-19.5%), from €17,158 to €13,811
- Gross operating margin +€19,030
up €19,030 (+19.2%), from €98,901 to €117,931
- Staff costs +€16,463
up €16,463 (+29.4%), from €55,978 to €72,441
- Depreciation +€4,729
up €4,729 (+130%), from €3,652 to €8,381
- Write-downs -€1,374
no longer reported in 2025 (was €1,374)
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 | €203,846 | €228,492 | +€24,646 | +12.1% |
| Fixed assets | 21/28 | €33,113 | €34,211 | +€1,098 | +3.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €32,863 | €34,211 | +€1,348 | +4.1% |
| Land and buildings | 22 | €988 | €916 | -€72 | -7.3% |
| Plant, machinery and equipment | 23 | €29,660 | €32,172 | +€2,512 | +8.5% |
| Furniture and vehicles | 24 | €2,215 | €1,123 | -€1,092 | -49.3% |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €170,733 | €194,281 | +€23,548 | +13.8% |
| Stocks and contracts in progress | 3 | €111,254 | €98,014 | -€13,240 | -11.9% |
| Stocks | 30/36 | €111,254 | €98,014 | -€13,240 | -11.9% |
| Amounts receivable within one year | 40/41 | €19,532 | €26,187 | +€6,655 | +34.1% |
| Trade receivables | 40 | €13,610 | €17,947 | +€4,337 | +31.9% |
| Other amounts receivable | 41 | €5,922 | €8,240 | +€2,317 | +39.1% |
| Cash at bank and in hand | 54/58 | €39,889 | €70,080 | +€30,191 | +75.7% |
| Deferred charges and accrued income | 490/1 | €58 | - | -€58 | |
| Total equity and liabilities | 10/49 | €203,846 | €228,492 | +€24,646 | +12.1% |
| Equity | 10/15 | €116,979 | €132,157 | +€15,178 | +13.0% |
| Contributions | 10/11 | €98,000 | €98,000 | = | 0.0% |
| Reserves | 13 | €18,979 | €34,157 | +€15,178 | +80.0% |
| Distributable reserves | 133 | €18,979 | €34,157 | +€15,178 | +80.0% |
| Amounts payable | 17/49 | €86,867 | €96,335 | +€9,468 | +10.9% |
| Amounts payable after more than one year | 17 | €27,237 | €14,537 | -€12,700 | -46.6% |
| Financial debts | 170/4 | €27,237 | €14,537 | -€12,700 | -46.6% |
| Amounts payable within one year | 42/48 | €59,629 | €81,798 | +€22,168 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €17,158 | €13,811 | -€3,347 | -19.5% |
| Trade debts | 44 | €25,067 | €39,664 | +€14,597 | +58.2% |
| Suppliers | 440/4 | €25,067 | €39,664 | +€14,597 | +58.2% |
| Advances received on contracts in progress | 46 | - | €24 | +€24 | |
| Taxes, remuneration and social security | 45 | €17,405 | €28,299 | +€10,894 | +62.6% |
| Taxes | 450/3 | €6,623 | €17,422 | +€10,799 | +163% |
| Remuneration and social security | 454/9 | €10,782 | €10,877 | +€95 | +0.9% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €55,978 | €72,441 | +€16,463 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,652 | €8,381 | +€4,729 | +130% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,374 | - | -€1,374 | |
| Other operating charges | 640/8 | €2,608 | €2,874 | +€266 | +10.2% |
| Gross operating margin | 9900 | €98,901 | €117,931 | +€19,030 | +19.2% |
| Operating profit (loss) | 9901 | €35,290 | €34,236 | -€1,054 | -3.0% |
| Financial income | 75/76B | €1,178 | €109 | -€1,069 | -90.7% |
| Recurring financial income | 75 | €1,178 | €109 | -€1,069 | -90.7% |
| Financial charges | 65/66B | €8,558 | €8,322 | -€235 | -2.8% |
| Recurring financial charges | 65 | €8,558 | €8,322 | -€235 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €27,910 | €26,023 | -€1,887 | -6.8% |
| Income taxes | 67/77 | €11,623 | €10,855 | -€768 | -6.6% |
| Profit (loss) for the period | 9904 | €16,288 | €15,168 | -€1,119 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,288 | €15,168 | -€1,119 | -6.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.