Printed Walls: 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.
Printed Walls
Largest movements
- Cash +€16,705
up €16,705 (+49.1%), from €34,054 to €50,759
mainly Net result for the year (+€12,534) and Trade debts (+€9,954)
- Receivables within one year +€9,668
up €9,668 (+54.9%), from €17,600 to €27,268
of which Trade receivables: +€21,418
- Tangible fixed assets -€7,501
down €7,501 (-20.7%), from €36,288 to €28,786
of which Other tangible fixed assets: -€5,383
- Profit (loss) carried forward +€12,534
up €12,534 (+84.4%), from €14,856 to €27,390
- Trade debts +€9,954
up €9,954 (+312%), from €3,193 to €13,146
- Other debts -€5,557
down €5,557 (-10.5%), from €52,851 to €47,294
- Tax, wage and social debts +€1,940
up €1,940 (+103%), from €1,887 to €3,827
- Gross operating margin +€24,984
up €24,984, from -€1,594 to €23,390
- Depreciation +€274
up €274 (+3.4%), from €7,974 to €8,248
- Financial charges -€256
down €256 (-13.9%), from €1,842 to €1,586
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 | €93,686 | €112,557 | +€18,871 | +20.1% |
| Fixed assets | 21/28 | €41,088 | €33,586 | -€7,501 | -18.3% |
| Tangible fixed assets | 22/27 | €36,288 | €28,786 | -€7,501 | -20.7% |
| Plant, machinery and equipment | 23 | €5,459 | €4,598 | -€862 | -15.8% |
| Furniture and vehicles | 24 | €5,412 | €4,155 | -€1,257 | -23.2% |
| Other tangible fixed assets | 26 | €25,417 | €20,034 | -€5,383 | -21.2% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €52,598 | €78,971 | +€26,373 | +50.1% |
| Amounts receivable within one year | 40/41 | €17,600 | €27,268 | +€9,668 | +54.9% |
| Trade receivables | 40 | €150 | €21,568 | +€21,418 | +14,279% |
| Other amounts receivable | 41 | €17,450 | €5,700 | -€11,750 | -67.3% |
| Cash at bank and in hand | 54/58 | €34,054 | €50,759 | +€16,705 | +49.1% |
| Deferred charges and accrued income | 490/1 | €944 | €944 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €93,686 | €112,557 | +€18,871 | +20.1% |
| Equity | 10/15 | €35,756 | €48,290 | +€12,534 | +35.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,856 | €27,390 | +€12,534 | +84.4% |
| Amounts payable | 17/49 | €57,930 | €64,268 | +€6,337 | +10.9% |
| Amounts payable within one year | 42/48 | €57,930 | €64,268 | +€6,337 | +10.9% |
| Trade debts | 44 | €3,193 | €13,146 | +€9,954 | +312% |
| Suppliers | 440/4 | €3,193 | €13,146 | +€9,954 | +312% |
| Taxes, remuneration and social security | 45 | €1,887 | €3,827 | +€1,940 | +103% |
| Taxes | 450/3 | €1,887 | €3,827 | +€1,940 | +103% |
| Other amounts payable | 47/48 | €52,851 | €47,294 | -€5,557 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,974 | €8,248 | +€274 | +3.4% |
| Other operating charges | 640/8 | €1,193 | €1,025 | -€167 | -14.0% |
| Gross operating margin | 9900 | -€1,594 | €23,390 | +€24,984 | |
| Operating profit (loss) | 9901 | -€10,761 | €14,117 | +€24,878 | |
| Financial income | 75/76B | €0 | €3 | +€3 | +29,600% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +29,600% |
| Financial charges | 65/66B | €1,842 | €1,586 | -€256 | -13.9% |
| Recurring financial charges | 65 | €1,842 | €1,586 | -€256 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,603 | €12,534 | +€25,137 | |
| Profit (loss) for the period | 9904 | -€12,603 | €12,534 | +€25,137 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,603 | €12,534 | +€25,137 |
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 22 October 2026 via checked.be.