PRINTOPACK: 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.
PRINTOPACK
Largest movements
- Receivables within one year -€474,477
down €474,477 (-34.5%), from €1.4m to €901,989
- Cash +€116,701
up €116,701 (+89.3%), from €130,746 to €247,447
mainly Receivables within one year (+€474,477) and Depreciation (+€7,090)
- Trade debts -€234,990
down €234,990 (-57.8%), from €406,365 to €171,374
- Tax, wage and social debts -€109,199
down €109,199 (-67.8%), from €161,172 to €51,973
- Debts after one year -€24,817
down €24,817 (-17.7%), from €139,990 to €115,173
- Write-downs -€83,322
no longer reported in 2024 (was €83,322)
- Gross operating margin -€19,172
down €19,172 (-21.8%), from €88,042 to €68,871
- Financial charges -€7,476
down €7,476 (-20.7%), from €36,122 to €28,646
- Financial income -€5,065
no longer reported in 2024 (was €5,065)
- Depreciation -€2,132
down €2,132 (-23.1%), from €9,222 to €7,090
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,690,865 | €1,325,840 | -€365,025 | -21.6% |
| Fixed assets | 21/28 | €175,011 | €167,921 | -€7,090 | -4.1% |
| Tangible fixed assets | 22/27 | €175,011 | €167,921 | -€7,090 | -4.1% |
| Land and buildings | 22 | €168,082 | €163,177 | -€4,906 | -2.9% |
| Plant, machinery and equipment | 23 | €5,417 | €3,874 | -€1,543 | -28.5% |
| Furniture and vehicles | 24 | €1,511 | €870 | -€641 | -42.4% |
| Current assets | 29/58 | €1,515,854 | €1,157,919 | -€357,935 | -23.6% |
| Amounts receivable within one year | 40/41 | €1,376,466 | €901,989 | -€474,477 | -34.5% |
| Trade receivables | 40 | €1,376,466 | €901,989 | -€474,477 | -34.5% |
| Cash at bank and in hand | 54/58 | €130,746 | €247,447 | +€116,701 | +89.3% |
| Deferred charges and accrued income | 490/1 | €8,642 | €8,482 | -€160 | -1.9% |
| Total equity and liabilities | 10/49 | €1,690,865 | €1,325,840 | -€365,025 | -21.6% |
| Equity | 10/15 | €568,128 | €572,878 | +€4,750 | +0.8% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €455,477 | €455,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Legal reserve | 130 | €17,353 | €17,353 | = | 0.0% |
| Tax-exempt reserves | 132 | €124 | €124 | = | 0.0% |
| Distributable reserves | 133 | €438,000 | €438,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,874 | -€56,124 | +€4,750 | +7.8% |
| Amounts payable | 17/49 | €1,122,737 | €752,962 | -€369,775 | -32.9% |
| Amounts payable after more than one year | 17 | €139,990 | €115,173 | -€24,817 | -17.7% |
| Financial debts | 170/4 | €139,990 | €115,173 | -€24,817 | -17.7% |
| Amounts payable within one year | 42/48 | €982,605 | €637,648 | -€344,958 | -35.1% |
| Financial debts | 43 | €410,444 | €410,817 | +€373 | +0.1% |
| Credit institutions | 430/8 | €410,444 | €410,817 | +€373 | +0.1% |
| Trade debts | 44 | €406,365 | €171,374 | -€234,990 | -57.8% |
| Suppliers | 440/4 | €406,365 | €171,374 | -€234,990 | -57.8% |
| Taxes, remuneration and social security | 45 | €161,172 | €51,973 | -€109,199 | -67.8% |
| Taxes | 450/3 | €161,172 | €51,973 | -€109,199 | -67.8% |
| Other amounts payable | 47/48 | €4,625 | €3,483 | -€1,141 | -24.7% |
| Accrued charges and deferred income | 492/3 | €142 | €142 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,222 | €7,090 | -€2,132 | -23.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €83,322 | - | -€83,322 | |
| Other operating charges | 640/8 | €28,557 | €27,941 | -€616 | -2.2% |
| Gross operating margin | 9900 | €88,042 | €68,871 | -€19,172 | -21.8% |
| Operating profit (loss) | 9901 | -€33,059 | €33,840 | +€66,899 | |
| Financial income | 75/76B | €5,065 | - | -€5,065 | |
| Recurring financial income | 75 | €5,065 | - | -€5,065 | |
| Financial charges | 65/66B | €36,122 | €28,646 | -€7,476 | -20.7% |
| Recurring financial charges | 65 | €36,122 | €28,646 | -€7,476 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€64,117 | €5,193 | +€69,310 | |
| Income taxes | 67/77 | €732 | €444 | -€288 | -39.4% |
| Profit (loss) for the period | 9904 | -€64,849 | €4,750 | +€69,598 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,849 | €4,750 | +€69,598 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.