PRINT&CO: 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.
PRINT&CO
Largest movements
- Receivables within one year +€114,546
up €114,546 (+90.4%), from €126,708 to €241,254
of which Other amounts receivable: +€67,499
- Tangible fixed assets +€105,521
up €105,521 (+20.7%), from €510,441 to €615,962
of which Furniture and vehicles: +€132,881
- Cash -€62,009
down €62,009 (-31.4%), from €197,194 to €135,185
mainly Investment in fixed assets (net) (-€188,792) and Contributions, distributions and other (-€141,629)
- Other debts +€111,205
up €111,205 (+366%), from €30,424 to €141,629
- Reserves -€43,893
down €43,893 (-12.1%), from €363,146 to €319,253
of which Distributable reserves: -€43,893
- Current portion of long-term debt +€28,747
up €28,747 (+42.9%), from €66,994 to €95,741
- Debts after one year +€28,726
up €28,726 (+7.7%), from €374,906 to €403,631
- Trade debts +€28,647
up €28,647 (+35.5%), from €80,796 to €109,444
- Staff costs +€97,863
up €97,863 (+53.8%), from €181,773 to €279,637
- Gross operating margin +€88,147
up €88,147 (+20.0%), from €441,827 to €529,973
- Depreciation +€25,592
up €25,592 (+47.6%), from €53,779 to €79,370
- Taxes -€12,910
down €12,910 (-23.0%), from €56,057 to €43,147
- Financial charges +€8,392
up €8,392 (+45.8%), from €18,317 to €26,708
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 | €1,050,062 | €1,207,535 | +€157,473 | +15.0% |
| Fixed assets | 21/28 | €510,496 | €619,917 | +€109,421 | +21.4% |
| Tangible fixed assets | 22/27 | €510,441 | €615,962 | +€105,521 | +20.7% |
| Land and buildings | 22 | €352,520 | €319,909 | -€32,612 | -9.3% |
| Plant, machinery and equipment | 23 | €156,293 | €159,872 | +€3,579 | +2.3% |
| Furniture and vehicles | 24 | €1,627 | €134,508 | +€132,881 | +8,166% |
| Leasing and similar rights | 25 | €0 | - | -€0 | |
| Other tangible fixed assets | 26 | - | €1,673 | +€1,673 | |
| Financial fixed assets | 28 | €55 | €3,955 | +€3,900 | +7,096% |
| Current assets | 29/58 | €539,567 | €587,618 | +€48,052 | +8.9% |
| Amounts receivable within one year | 40/41 | €126,708 | €241,254 | +€114,546 | +90.4% |
| Trade receivables | 40 | €124,706 | €171,753 | +€47,046 | +37.7% |
| Other amounts receivable | 41 | €2,001 | €69,501 | +€67,499 | +3,373% |
| Current investments | 50/53 | €200,863 | €200,756 | -€107 | -0.1% |
| Cash at bank and in hand | 54/58 | €197,194 | €135,185 | -€62,009 | -31.4% |
| Deferred charges and accrued income | 490/1 | €14,802 | €10,424 | -€4,378 | -29.6% |
| Total equity and liabilities | 10/49 | €1,050,062 | €1,207,535 | +€157,473 | +15.0% |
| Equity | 10/15 | €429,468 | €385,575 | -€43,893 | -10.2% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €363,146 | €319,253 | -€43,893 | -12.1% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,060 | €8,060 | = | 0.0% |
| Distributable reserves | 133 | €355,086 | €311,193 | -€43,893 | -12.4% |
| Profit (loss) carried forward | 14 | €34,322 | €34,322 | = | 0.0% |
| Amounts payable | 17/49 | €620,594 | €821,960 | +€201,366 | +32.4% |
| Amounts payable after more than one year | 17 | €374,906 | €403,631 | +€28,726 | +7.7% |
| Financial debts | 170/4 | €374,906 | €403,631 | +€28,726 | +7.7% |
| Amounts payable within one year | 42/48 | €245,688 | €418,328 | +€172,641 | +70.3% |
| Current portion of amounts payable after more than one year | 42 | €66,994 | €95,741 | +€28,747 | +42.9% |
| Trade debts | 44 | €80,796 | €109,444 | +€28,647 | +35.5% |
| Suppliers | 440/4 | €80,796 | €109,444 | +€28,647 | +35.5% |
| Taxes, remuneration and social security | 45 | €67,473 | €71,515 | +€4,041 | +6.0% |
| Taxes | 450/3 | €43,689 | €36,594 | -€7,095 | -16.2% |
| Remuneration and social security | 454/9 | €23,784 | €34,921 | +€11,137 | +46.8% |
| Other amounts payable | 47/48 | €30,424 | €141,629 | +€111,205 | +366% |
| Remuneration, social security and pensions | 62 | €181,773 | €279,637 | +€97,863 | +53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,779 | €79,370 | +€25,592 | +47.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €452 | +€452 | |
| Other operating charges | 640/8 | €3,979 | €5,744 | +€1,765 | +44.4% |
| Gross operating margin | 9900 | €441,827 | €529,973 | +€88,147 | +20.0% |
| Operating profit (loss) | 9901 | €202,296 | €164,771 | -€37,525 | -18.5% |
| Financial income | 75/76B | €863 | €2,820 | +€1,958 | +227% |
| Recurring financial income | 75 | €863 | €2,820 | +€1,958 | +227% |
| Financial charges | 65/66B | €18,317 | €26,708 | +€8,392 | +45.8% |
| Recurring financial charges | 65 | €18,317 | €26,708 | +€8,392 | +45.8% |
| Profit (loss) for the period before taxes | 9903 | €184,842 | €140,883 | -€43,958 | -23.8% |
| Income taxes | 67/77 | €56,057 | €43,147 | -€12,910 | -23.0% |
| Profit (loss) for the period | 9904 | €128,784 | €97,736 | -€31,048 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €128,784 | €97,736 | -€31,048 | -24.1% |
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.