Print & Compagnie: 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 & Compagnie
Largest movements
- Tangible fixed assets +€537,382
up €537,382 (+71.4%), from €753,121 to €1.3m
of which Land and buildings: +€485,179
- Receivables within one year +€89,033
up €89,033 (+37.6%), from €236,762 to €325,795
of which Other amounts receivable: +€64,030
- Stocks and contracts -€36,210
down €36,210 (-43.9%), from €82,460 to €46,250
- Cash +€31,001
up €31,001 (+33.8%), from €91,772 to €122,773
mainly Debts after one year (+€583,892) and Current portion of long-term debt (+€73,639)
- Debts after one year +€583,892
up €583,892 (+146%), from €401,144 to €985,036
- Current portion of long-term debt +€73,639
up €73,639 (+159%), from €46,182 to €119,821
- Tax, wage and social debts -€51,698
down €51,698 (-33.0%), from €156,643 to €104,945
of which Taxes: -€80,024
- Staff costs +€137,156
up €137,156 (+76.8%), from €178,637 to €315,793
- Gross operating margin +€108,654
up €108,654 (+33.3%), from €326,265 to €434,919
- Depreciation +€21,571
up €21,571 (+43.1%), from €50,037 to €71,609
- Taxes -€15,114
down €15,114 (-62.9%), from €24,017 to €8,903
- Financial charges +€12,755
up €12,755 (+61.1%), from €20,860 to €33,615
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 | €1,195,145 | €1,820,609 | +€625,465 | +52.3% |
| Formation expenses | 20 | - | €3,508 | +€3,508 | |
| Fixed assets | 21/28 | €754,151 | €1,291,533 | +€537,382 | +71.3% |
| Tangible fixed assets | 22/27 | €753,121 | €1,290,503 | +€537,382 | +71.4% |
| Land and buildings | 22 | €476,873 | €962,052 | +€485,179 | +102% |
| Plant, machinery and equipment | 23 | €270,552 | €324,191 | +€53,639 | +19.8% |
| Furniture and vehicles | 24 | €5,696 | €4,260 | -€1,436 | -25.2% |
| Financial fixed assets | 28 | €1,030 | €1,030 | = | 0.0% |
| Current assets | 29/58 | €440,994 | €525,568 | +€84,574 | +19.2% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €82,460 | €46,250 | -€36,210 | -43.9% |
| Stocks | 30/36 | €82,460 | €46,250 | -€36,210 | -43.9% |
| Amounts receivable within one year | 40/41 | €236,762 | €325,795 | +€89,033 | +37.6% |
| Trade receivables | 40 | €209,433 | €234,436 | +€25,003 | +11.9% |
| Other amounts receivable | 41 | €27,329 | €91,360 | +€64,030 | +234% |
| Cash at bank and in hand | 54/58 | €91,772 | €122,773 | +€31,001 | +33.8% |
| Deferred charges and accrued income | 490/1 | - | €750 | +€750 | |
| Total equity and liabilities | 10/49 | €1,195,145 | €1,820,609 | +€625,465 | +52.3% |
| Equity | 10/15 | €311,303 | €315,695 | +€4,391 | +1.4% |
| Contributions | 10/11 | €20,575 | €20,575 | = | 0.0% |
| Reserves | 13 | €247,937 | €252,328 | +€4,391 | +1.8% |
| Non-distributable reserves | 130/1 | €2,058 | €2,058 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,058 | €2,058 | = | 0.0% |
| Tax-exempt reserves | 132 | €98,425 | €90,854 | -€7,571 | -7.7% |
| Distributable reserves | 133 | €147,454 | €159,416 | +€11,963 | +8.1% |
| Profit (loss) carried forward | 14 | €42,792 | €42,792 | = | 0.0% |
| Provisions and deferred taxes | 16 | €32,808 | €30,285 | -€2,524 | -7.7% |
| Deferred taxes | 168 | €32,808 | €30,285 | -€2,524 | -7.7% |
| Amounts payable | 17/49 | €851,033 | €1,474,630 | +€623,597 | +73.3% |
| Amounts payable after more than one year | 17 | €401,144 | €985,036 | +€583,892 | +146% |
| Financial debts | 170/4 | €401,144 | €985,036 | +€583,892 | +146% |
| Amounts payable within one year | 42/48 | €449,889 | €489,594 | +€39,705 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €46,182 | €119,821 | +€73,639 | +159% |
| Financial debts | 43 | €4,324 | €7,642 | +€3,318 | +76.7% |
| Credit institutions | 430/8 | €4,324 | €7,642 | +€3,318 | +76.7% |
| Trade debts | 44 | €242,740 | €254,092 | +€11,352 | +4.7% |
| Suppliers | 440/4 | €242,740 | €254,092 | +€11,352 | +4.7% |
| Taxes, remuneration and social security | 45 | €156,643 | €104,945 | -€51,698 | -33.0% |
| Taxes | 450/3 | €136,907 | €56,883 | -€80,024 | -58.5% |
| Remuneration and social security | 454/9 | €19,736 | €48,062 | +€28,326 | +144% |
| Other amounts payable | 47/48 | €0 | €3,094 | +€3,094 | |
| Remuneration, social security and pensions | 62 | €178,637 | €315,793 | +€137,156 | +76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,037 | €71,609 | +€21,571 | +43.1% |
| Other operating charges | 640/8 | €15,394 | €7,172 | -€8,222 | -53.4% |
| Gross operating margin | 9900 | €326,265 | €434,919 | +€108,654 | +33.3% |
| Operating profit (loss) | 9901 | €82,197 | €40,345 | -€41,851 | -50.9% |
| Financial income | 75/76B | €2,756 | €4,040 | +€1,284 | +46.6% |
| Recurring financial income | 75 | €2,756 | €4,040 | +€1,284 | +46.6% |
| Financial charges | 65/66B | €20,860 | €33,615 | +€12,755 | +61.1% |
| Recurring financial charges | 65 | €20,860 | €33,615 | +€12,755 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €64,092 | €10,770 | -€53,322 | -83.2% |
| Transfer from deferred taxes | 780 | €2,524 | €2,524 | = | 0.0% |
| Income taxes | 67/77 | €24,017 | €8,903 | -€15,114 | -62.9% |
| Profit (loss) for the period | 9904 | €42,599 | €4,391 | -€38,207 | -89.7% |
| Transfer from tax-exempt reserves | 789 | €7,571 | €7,571 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,170 | €11,963 | -€38,207 | -76.2% |
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 28 October 2026 via checked.be.