PRINTEMAT: 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.
What changed
PRINTEMAT
NACE 46.492, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€31,707
2024 · €1,986+€29,721
Equity
€112,649
2024 · €80,943+€31,706
Cash
€14,573
2024 · €10,395+€4,178
Balance sheet total
€979,573
2024 · €1.1m-€131,057
Largest movements
Assets
- Stocks and contracts -€105,816
down €105,816 (-18.8%), from €561,530 to €455,714
- Receivables within one year -€23,425
down €23,425 (-27.1%), from €86,437 to €63,012
of which Trade receivables: -€24,604
- Deferred charges and accrued income -€11,603
down €11,603 (-56.4%), from €20,570 to €8,967
Equity and liabilities
- Trade debts -€146,209
down €146,209 (-30.6%), from €477,837 to €331,628
- Debts after one year -€50,548
down €50,548 (-16.7%), from €302,878 to €252,329
- Profit (loss) carried forward +€31,706
up €31,706 (+45.8%), from -€69,278 to -€37,573
- Tax, wage and social debts +€25,640
up €25,640 (+26.2%), from €98,004 to €123,643
of which Taxes: +€13,174
Income statement
- Gross operating margin +€58,677
up €58,677 (+19.6%), from €298,833 to €357,511
- Staff costs +€25,154
up €25,154 (+9.4%), from €267,791 to €292,946
- Financial charges -€11,290
down €11,290 (-50.3%), from €22,434 to €11,144
- Taxes +€7,950
up €7,950 (+204.7%), from €3,883 to €11,833
- Financial income -€7,913
down €7,913 (-67.6%), from €11,715 to €3,801
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.
Result 2024
€1,986
Gross operating margin
+€58,677
Staff costs
-€25,154
Depreciation
-€133
Other operating charges
+€904
Financial income
-€7,913
Financial charges
+€11,290
Taxes
-€7,950
Result 2025
€31,707
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.
From operations
+€60,803
Investment
-€15,654
Financing
-€40,972
Cash 2024
€10,395
From operations (derived)
+€60,803
Net result for the year
+€31,707
Depreciation
+€10,046
Stocks and contracts
+€105,816
Receivables within one year
+€23,425
Deferred charges and accrued income
+€11,603
Trade debts
-€146,209
Tax, wage and social debts
+€25,640
Other debts
-€1,206
Accrued charges and deferred income
-€16
Investment (derived)
-€15,654
Investment in fixed assets (net)
-€15,304
Current investments
-€350
Financing
-€40,972
Debts after one year
-€50,548
Current portion of long-term debt
+€803
Short-term financial debts
+€8,775
Contributions, distributions and other
-€1
Cash 2025
€14,573
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,110,630 | €979,573 | -€131,057 | -11.8% |
| Formation expenses | 20 | €1,022 | - | -€1,022 | |
| Fixed assets | 21/28 | €430,677 | €436,956 | +€6,280 | +1.5% |
| Intangible fixed assets | 21 | €46 | - | -€46 | |
| Tangible fixed assets | 22/27 | €30,630 | €36,956 | +€6,326 | +20.7% |
| Land and buildings | 22 | €4,252 | €9,039 | +€4,787 | +112.6% |
| Plant, machinery and equipment | 23 | €25,251 | €25,736 | +€484 | +1.9% |
| Furniture and vehicles | 24 | €1,127 | €2,182 | +€1,055 | +93.6% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €678,932 | €542,617 | -€136,315 | -20.1% |
| Stocks and contracts in progress | 3 | €561,530 | €455,714 | -€105,816 | -18.8% |
| Stocks | 30/36 | €561,530 | €455,714 | -€105,816 | -18.8% |
| Amounts receivable within one year | 40/41 | €86,437 | €63,012 | -€23,425 | -27.1% |
| Trade receivables | 40 | €84,437 | €59,833 | -€24,604 | -29.1% |
| Other amounts receivable | 41 | €2,000 | €3,180 | +€1,180 | +59.0% |
| Current investments | 50/53 | - | €350 | +€350 | |
| Cash at bank and in hand | 54/58 | €10,395 | €14,573 | +€4,178 | +40.2% |
| Deferred charges and accrued income | 490/1 | €20,570 | €8,967 | -€11,603 | -56.4% |
| Total equity and liabilities | 10/49 | €1,110,630 | €979,573 | -€131,057 | -11.8% |
| Equity | 10/15 | €80,943 | €112,649 | +€31,706 | +39.2% |
| Contributions | 10/11 | €148,361 | €148,361 | = | 0.0% |
| Capital | 10 | €148,361 | - | -€148,361 | |
| Issued capital | 100 | €148,361 | - | -€148,361 | |
| Outside capital | 11 | - | €148,361 | +€148,361 | |
| Other | 1109/19 | - | €148,361 | +€148,361 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€69,278 | -€37,573 | +€31,706 | +45.8% |
| Amounts payable | 17/49 | €1,029,687 | €866,924 | -€162,763 | -15.8% |
| Amounts payable after more than one year | 17 | €302,878 | €252,329 | -€50,548 | -16.7% |
| Financial debts | 170/4 | €302,878 | €252,329 | -€50,548 | -16.7% |
| Amounts payable within one year | 42/48 | €726,793 | €614,595 | -€112,198 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €49,746 | €50,548 | +€803 | +1.6% |
| Financial debts | 43 | €100,000 | €108,775 | +€8,775 | +8.8% |
| Credit institutions | 430/8 | €100,000 | €8,775 | -€91,225 | -91.2% |
| Other loans | 439 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €477,837 | €331,628 | -€146,209 | -30.6% |
| Suppliers | 440/4 | €477,837 | €331,628 | -€146,209 | -30.6% |
| Taxes, remuneration and social security | 45 | €98,004 | €123,643 | +€25,640 | +26.2% |
| Taxes | 450/3 | €47,542 | €60,716 | +€13,174 | +27.7% |
| Remuneration and social security | 454/9 | €50,462 | €62,927 | +€12,465 | +24.7% |
| Other amounts payable | 47/48 | €1,206 | - | -€1,206 | |
| Accrued charges and deferred income | 492/3 | €16 | - | -€16 | |
| Remuneration, social security and pensions | 62 | €267,791 | €292,946 | +€25,154 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,913 | €10,046 | +€133 | +1.3% |
| Other operating charges | 640/8 | €4,541 | €3,636 | -€904 | -19.9% |
| Gross operating margin | 9900 | €298,833 | €357,511 | +€58,677 | +19.6% |
| Operating profit (loss) | 9901 | €16,588 | €50,883 | +€34,295 | +206.7% |
| Financial income | 75/76B | €11,715 | €3,801 | -€7,913 | -67.6% |
| Recurring financial income | 75 | €11,715 | €3,801 | -€7,913 | -67.6% |
| Financial charges | 65/66B | €22,434 | €11,144 | -€11,290 | -50.3% |
| Recurring financial charges | 65 | €22,434 | €11,144 | -€11,290 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €5,869 | €43,540 | +€37,671 | +641.9% |
| Income taxes | 67/77 | €3,883 | €11,833 | +€7,950 | +204.7% |
| Profit (loss) for the period | 9904 | €1,986 | €31,707 | +€29,721 | +1496.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,986 | €31,707 | +€29,721 | +1496.9% |
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 6 October 2026 via checked.be.