PRINTART: 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.
PRINTART
Largest movements
- Tangible fixed assets -€6,371
down €6,371 (-40.6%), from €15,680 to €9,309
- Profit (loss) carried forward -€17,550
down €17,550 (-98.1%), from -€17,882 to -€35,432
- Other debts +€7,307
up €7,307 (+16.7%), from €43,657 to €50,964
- Trade debts +€2,689
up €2,689 (+276.9%), from €971 to €3,660
of which Bills of exchange payable: +€3,660
- Tax, wage and social debts +€538
up €538 (+10.9%), from €4,939 to €5,477
of which Taxes: +€1,738
- Gross operating margin -€7,520
down €7,520 (-403.7%), from -€1,863 to -€9,383
- Financial charges +€990
up €990 (+317.3%), from €312 to €1,302
- Taxes -€179
down €179 (-55.9%), from €320 to €141
- Staff costs +€133
new in 2025: €133
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 | €34,185 | €27,169 | -€7,016 | -20.5% |
| Fixed assets | 21/28 | €15,680 | €9,309 | -€6,371 | -40.6% |
| Tangible fixed assets | 22/27 | €15,680 | €9,309 | -€6,371 | -40.6% |
| Plant, machinery and equipment | 23 | €15,680 | €9,309 | -€6,371 | -40.6% |
| Current assets | 29/58 | €18,505 | €17,860 | -€645 | -3.5% |
| Stocks and contracts in progress | 3 | €8,298 | €8,052 | -€246 | -3.0% |
| Stocks | 30/36 | €8,298 | €8,052 | -€246 | -3.0% |
| Amounts receivable within one year | 40/41 | €363 | €209 | -€154 | -42.4% |
| Trade receivables | 40 | €363 | - | -€363 | |
| Other amounts receivable | 41 | - | €209 | +€209 | |
| Cash at bank and in hand | 54/58 | €9,844 | €9,599 | -€245 | -2.5% |
| Total equity and liabilities | 10/49 | €34,185 | €27,169 | -€7,016 | -20.5% |
| Equity | 10/15 | -€15,382 | -€32,932 | -€17,550 | -114.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,882 | -€35,432 | -€17,550 | -98.1% |
| Amounts payable | 17/49 | €49,567 | €60,101 | +€10,534 | +21.3% |
| Amounts payable within one year | 42/48 | €49,567 | €60,101 | +€10,534 | +21.3% |
| Trade debts | 44 | €971 | €3,660 | +€2,689 | +276.9% |
| Suppliers | 440/4 | €971 | - | -€971 | |
| Bills of exchange payable | 441 | - | €3,660 | +€3,660 | |
| Taxes, remuneration and social security | 45 | €4,939 | €5,477 | +€538 | +10.9% |
| Taxes | 450/3 | €2,539 | €4,277 | +€1,738 | +68.5% |
| Remuneration and social security | 454/9 | €2,400 | €1,200 | -€1,200 | -50.0% |
| Other amounts payable | 47/48 | €43,657 | €50,964 | +€7,307 | +16.7% |
| Remuneration, social security and pensions | 62 | - | €133 | +€133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,338 | €6,371 | +€33 | +0.5% |
| Other operating charges | 640/8 | €242 | €220 | -€22 | -9.1% |
| Gross operating margin | 9900 | -€1,863 | -€9,383 | -€7,520 | -403.7% |
| Operating profit (loss) | 9901 | -€8,443 | -€16,107 | -€7,664 | -90.8% |
| Financial charges | 65/66B | €312 | €1,302 | +€990 | +317.3% |
| Recurring financial charges | 65 | €312 | €1,302 | +€990 | +317.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,755 | -€17,409 | -€8,654 | -98.8% |
| Income taxes | 67/77 | €320 | €141 | -€179 | -55.9% |
| Profit (loss) for the period | 9904 | -€9,075 | -€17,550 | -€8,475 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,075 | -€17,550 | -€8,475 | -93.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.