PRINTING PARTNERS: 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.
PRINTING PARTNERS
Largest movements
- Cash +€17,512
up €17,512 (+15.8%), from €110,635 to €128,147
mainly Depreciation (+€19,888) and Tax, wage and social debts (+€17,315)
- Tangible fixed assets +€10,581
up €10,581 (+15.9%), from €66,479 to €77,060
of which Furniture and vehicles: +€19,707
- Stocks and contracts +€5,390
up €5,390 (+26.9%), from €20,000 to €25,390
- Receivables within one year +€3,574
up €3,574 (+4.2%), from €85,451 to €89,025
of which Trade receivables: +€5,066
- Tax, wage and social debts +€17,315
up €17,315 (+37.8%), from €45,747 to €63,062
of which Taxes: +€9,769
- Reserves +€13,601
up €13,601 (+11.6%), from €117,354 to €130,955
of which Distributable reserves: +€13,601
- Current portion of long-term debt +€5,287
up €5,287 (+56.9%), from €9,294 to €14,580
- Trade debts +€3,372
up €3,372 (+15.4%), from €21,923 to €25,295
- Gross operating margin +€24,309
up €24,309 (+11.4%), from €213,890 to €238,199
- Staff costs +€7,064
up €7,064 (+3.8%), from €184,795 to €191,859
- Depreciation +€4,957
up €4,957 (+33.2%), from €14,931 to €19,888
- Taxes +€2,920
up €2,920 (+90.2%), from €3,236 to €6,157
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 | €289,733 | €326,740 | +€37,008 | +12.8% |
| Fixed assets | 21/28 | €67,495 | €77,665 | +€10,171 | +15.1% |
| Intangible fixed assets | 21 | €888 | €477 | -€411 | -46.3% |
| Tangible fixed assets | 22/27 | €66,479 | €77,060 | +€10,581 | +15.9% |
| Land and buildings | 22 | €17,735 | €15,506 | -€2,229 | -12.6% |
| Plant, machinery and equipment | 23 | €45,541 | €38,645 | -€6,897 | -15.1% |
| Furniture and vehicles | 24 | €3,203 | €22,910 | +€19,707 | +615% |
| Financial fixed assets | 28 | €128 | €128 | = | 0.0% |
| Current assets | 29/58 | €222,238 | €249,075 | +€26,837 | +12.1% |
| Stocks and contracts in progress | 3 | €20,000 | €25,390 | +€5,390 | +26.9% |
| Stocks | 30/36 | €20,000 | €25,390 | +€5,390 | +26.9% |
| Amounts receivable within one year | 40/41 | €85,451 | €89,025 | +€3,574 | +4.2% |
| Trade receivables | 40 | €76,408 | €81,474 | +€5,066 | +6.6% |
| Other amounts receivable | 41 | €9,043 | €7,552 | -€1,492 | -16.5% |
| Cash at bank and in hand | 54/58 | €110,635 | €128,147 | +€17,512 | +15.8% |
| Deferred charges and accrued income | 490/1 | €6,151 | €6,513 | +€362 | +5.9% |
| Total equity and liabilities | 10/49 | €289,733 | €326,740 | +€37,008 | +12.8% |
| Equity | 10/15 | €135,954 | €149,555 | +€13,601 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,354 | €130,955 | +€13,601 | +11.6% |
| Tax-exempt reserves | 132 | €29,350 | €29,350 | = | 0.0% |
| Distributable reserves | 133 | €88,004 | €101,605 | +€13,601 | +15.5% |
| Amounts payable | 17/49 | €153,779 | €177,186 | +€23,407 | +15.2% |
| Amounts payable after more than one year | 17 | €61,967 | €59,195 | -€2,772 | -4.5% |
| Financial debts | 170/4 | €61,967 | €59,195 | -€2,772 | -4.5% |
| Amounts payable within one year | 42/48 | €91,812 | €116,942 | +€25,130 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €9,294 | €14,580 | +€5,287 | +56.9% |
| Trade debts | 44 | €21,923 | €25,295 | +€3,372 | +15.4% |
| Suppliers | 440/4 | €21,923 | €25,295 | +€3,372 | +15.4% |
| Taxes, remuneration and social security | 45 | €45,747 | €63,062 | +€17,315 | +37.8% |
| Taxes | 450/3 | €21,682 | €31,451 | +€9,769 | +45.1% |
| Remuneration and social security | 454/9 | €24,065 | €31,611 | +€7,546 | +31.4% |
| Other amounts payable | 47/48 | €14,848 | €14,005 | -€843 | -5.7% |
| Accrued charges and deferred income | 492/3 | - | €1,049 | +€1,049 | |
| Remuneration, social security and pensions | 62 | €184,795 | €191,859 | +€7,064 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,931 | €19,888 | +€4,957 | +33.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€880 | -€2,298 | -€1,418 | -161% |
| Other operating charges | 640/8 | €2,299 | €4,101 | +€1,803 | +78.4% |
| Gross operating margin | 9900 | €213,890 | €238,199 | +€24,309 | +11.4% |
| Operating profit (loss) | 9901 | €12,746 | €24,649 | +€11,903 | +93.4% |
| Financial income | 75/76B | €334 | €28 | -€306 | -91.7% |
| Recurring financial income | 75 | €334 | €28 | -€306 | -91.7% |
| Financial charges | 65/66B | €3,424 | €4,919 | +€1,495 | +43.7% |
| Recurring financial charges | 65 | €3,424 | €4,919 | +€1,495 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €9,656 | €19,757 | +€10,101 | +105% |
| Income taxes | 67/77 | €3,236 | €6,157 | +€2,920 | +90.2% |
| Profit (loss) for the period | 9904 | €6,419 | €13,601 | +€7,181 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €6,419 | €13,601 | +€7,181 | +112% |
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 15 October 2026 via checked.be.