PRINTENZO: 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.
PRINTENZO
Largest movements
- Tangible fixed assets -€29,352
down €29,352 (-14.9%), from €196,652 to €167,300
of which Land and buildings: -€17,528
- Cash -€23,444
down €23,444 (-26.8%), from €87,427 to €63,983
mainly Debts after one year (-€23,030) and Receivables within one year (-€21,705)
- Receivables within one year +€21,705
up €21,705 (+40.5%), from €53,532 to €75,237
of which Trade receivables: +€15,969
- Debts after one year -€23,030
down €23,030 (-27.1%), from €84,963 to €61,933
- Trade debts -€18,813
down €18,813 (-31.1%), from €60,512 to €41,700
- Reserves +€13,590
up €13,590 (+730.6%), from €1,860 to €15,450
- Gross operating margin -€17,324
down €17,324 (-23.0%), from €75,213 to €57,889
- Taxes -€4,088
down €4,088 (-35.9%), from €11,403 to €7,315
- Depreciation +€3,787
up €3,787 (+14.8%), from €25,565 to €29,352
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 | €337,611 | €306,519 | -€31,091 | -9.2% |
| Fixed assets | 21/28 | €196,652 | €167,300 | -€29,352 | -14.9% |
| Tangible fixed assets | 22/27 | €196,652 | €167,300 | -€29,352 | -14.9% |
| Land and buildings | 22 | €148,513 | €130,984 | -€17,528 | -11.8% |
| Plant, machinery and equipment | 23 | €47,239 | €35,739 | -€11,500 | -24.3% |
| Furniture and vehicles | 24 | €900 | €576 | -€324 | -36.0% |
| Current assets | 29/58 | €140,959 | €139,220 | -€1,739 | -1.2% |
| Amounts receivable within one year | 40/41 | €53,532 | €75,237 | +€21,705 | +40.5% |
| Trade receivables | 40 | €46,629 | €62,597 | +€15,969 | +34.2% |
| Other amounts receivable | 41 | €6,903 | €12,640 | +€5,737 | +83.1% |
| Cash at bank and in hand | 54/58 | €87,427 | €63,983 | -€23,444 | -26.8% |
| Total equity and liabilities | 10/49 | €337,611 | €306,519 | -€31,091 | -9.2% |
| Equity | 10/15 | €165,117 | €178,707 | +€13,590 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €15,450 | +€13,590 | +730.6% |
| Distributable reserves | 133 | €1,860 | €15,450 | +€13,590 | +730.6% |
| Profit (loss) carried forward | 14 | €144,657 | €144,657 | = | 0.0% |
| Amounts payable | 17/49 | €172,494 | €127,813 | -€44,681 | -25.9% |
| Amounts payable after more than one year | 17 | €84,963 | €61,933 | -€23,030 | -27.1% |
| Financial debts | 170/4 | €84,963 | €61,933 | -€23,030 | -27.1% |
| Amounts payable within one year | 42/48 | €87,531 | €65,880 | -€21,651 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €22,094 | €23,030 | +€936 | +4.2% |
| Trade debts | 44 | €60,512 | €41,700 | -€18,813 | -31.1% |
| Suppliers | 440/4 | €60,512 | €41,700 | -€18,813 | -31.1% |
| Taxes, remuneration and social security | 45 | €1,390 | - | -€1,390 | |
| Taxes | 450/3 | €1,390 | - | -€1,390 | |
| Other amounts payable | 47/48 | €3,534 | €1,150 | -€2,384 | -67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,565 | €29,352 | +€3,787 | +14.8% |
| Other operating charges | 640/8 | €3,556 | €3,628 | +€71 | +2.0% |
| Gross operating margin | 9900 | €75,213 | €57,889 | -€17,324 | -23.0% |
| Operating profit (loss) | 9901 | €46,092 | €24,910 | -€21,182 | -46.0% |
| Financial income | 75/76B | €294 | €233 | -€60 | -20.6% |
| Recurring financial income | 75 | €294 | €233 | -€60 | -20.6% |
| Financial charges | 65/66B | €4,776 | €4,239 | -€537 | -11.2% |
| Recurring financial charges | 65 | €4,776 | €4,239 | -€537 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €41,610 | €20,904 | -€20,705 | -49.8% |
| Income taxes | 67/77 | €11,403 | €7,315 | -€4,088 | -35.9% |
| Profit (loss) for the period | 9904 | €30,207 | €13,590 | -€16,617 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,207 | €13,590 | -€16,617 | -55.0% |
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 2 October 2026 via checked.be.