PRINT MANAGEMENT SECURITY: what changed
Two fiscal 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 MANAGEMENT SECURITY
Largest movements
- Receivables after one year -€55,999
no longer reported in 2025 (was €55,999)
- Cash +€26,110
up €26,110 (+151.5%), from €17,236 to €43,346
mainly Receivables after one year (+€55,999) and Receivables within one year (+€12,276)
- Tangible fixed assets +€25,607
up €25,607 (+289.6%), from €8,843 to €34,450
of which Furniture and vehicles: +€29,475
- Receivables within one year -€12,276
down €12,276 (-6.6%), from €185,592 to €173,316
of which Trade receivables: -€75,786
- Intangible fixed assets -€3,000
no longer reported in 2025 (was €3,000)
- Trade debts -€15,191
down €15,191 (-29.5%), from €51,540 to €36,349
- Profit (loss) carried forward -€4,240
down €4,240 (-1.8%), from €237,125 to €232,885
- Gross operating margin +€4,240
up €4,240 (+53.2%), from €7,968 to €12,207
- Other operating charges -€3,991
down €3,991 (-41.6%), from €9,602 to €5,611
- Depreciation +€2,820
up €2,820 (+40.6%), from €6,945 to €9,765
- Taxes -€126
down €126 (-13.1%), from €964 to €838
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.
Cash bridge derived
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 | €289,631 | €270,073 | -€19,558 | -6.8% |
| Fixed assets | 21/28 | €30,803 | €53,410 | +€22,607 | +73.4% |
| Intangible fixed assets | 21 | €3,000 | - | -€3,000 | |
| Tangible fixed assets | 22/27 | €8,843 | €34,450 | +€25,607 | +289.6% |
| Furniture and vehicles | 24 | - | €29,475 | +€29,475 | |
| Other tangible fixed assets | 26 | €8,843 | €4,975 | -€3,868 | -43.7% |
| Financial fixed assets | 28 | €18,960 | €18,960 | = | 0.0% |
| Current assets | 29/58 | €258,827 | €216,662 | -€42,165 | -16.3% |
| Amounts receivable after more than one year | 29 | €55,999 | - | -€55,999 | |
| Other amounts receivable | 291 | €55,999 | - | -€55,999 | |
| Amounts receivable within one year | 40/41 | €185,592 | €173,316 | -€12,276 | -6.6% |
| Trade receivables | 40 | €93,442 | €17,656 | -€75,786 | -81.1% |
| Other amounts receivable | 41 | €92,151 | €155,661 | +€63,510 | +68.9% |
| Cash at bank and in hand | 54/58 | €17,236 | €43,346 | +€26,110 | +151.5% |
| Total equity and liabilities | 10/49 | €289,631 | €270,073 | -€19,558 | -6.8% |
| Equity | 10/15 | €237,126 | €232,886 | -€4,240 | -1.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Capital | 10 | €1 | €1 | = | 0.0% |
| Issued capital | 100 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €237,125 | €232,885 | -€4,240 | -1.8% |
| Amounts payable | 17/49 | €52,504 | €37,187 | -€15,318 | -29.2% |
| Amounts payable within one year | 42/48 | €52,504 | €37,187 | -€15,318 | -29.2% |
| Trade debts | 44 | €51,540 | €36,349 | -€15,191 | -29.5% |
| Suppliers | 440/4 | €51,540 | €36,349 | -€15,191 | -29.5% |
| Taxes, remuneration and social security | 45 | €964 | €838 | -€126 | -13.1% |
| Taxes | 450/3 | €964 | €838 | -€126 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,945 | €9,765 | +€2,820 | +40.6% |
| Other operating charges | 640/8 | €9,602 | €5,611 | -€3,991 | -41.6% |
| Gross operating margin | 9900 | €7,968 | €12,207 | +€4,240 | +53.2% |
| Operating profit (loss) | 9901 | -€8,580 | -€3,169 | +€5,411 | +63.1% |
| Financial income | 75/76B | €75 | €65 | -€10 | -13.8% |
| Recurring financial income | 75 | €75 | €65 | -€10 | -13.8% |
| Financial charges | 65/66B | €266 | €298 | +€33 | +12.3% |
| Recurring financial charges | 65 | €266 | €298 | +€33 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,770 | -€3,402 | +€5,368 | +61.2% |
| Income taxes | 67/77 | €964 | €838 | -€126 | -13.1% |
| Profit (loss) for the period | 9904 | -€9,734 | -€4,240 | +€5,494 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,734 | -€4,240 | +€5,494 | +56.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.