Printvis: 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.
Printvis
Largest movements
- Receivables within one year +€60,153
up €60,153 (+215%), from €27,925 to €88,078
- Cash -€25,161
down €25,161 (-38.5%), from €65,410 to €40,249
mainly Contributions, distributions and other (-€120,000) and Receivables within one year (-€60,153)
- Other debts +€137,536
new in 2025: €137,536
- Reserves -€69,650
down €69,650 (-14.1%), from €493,031 to €423,381
of which Distributable reserves: -€69,650
- Debts after one year -€16,482
down €16,482 (-13.4%), from €123,077 to €106,595
- Tax, wage and social debts -€10,558
down €10,558 (-91.3%), from €11,558 to €1,000
- Gross operating margin -€4,684
down €4,684 (-5.7%), from €82,256 to €77,572
- Taxes -€1,594
down €1,594 (-7.5%), from €21,379 to €19,785
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 | €913,449 | €951,885 | +€38,437 | +4.2% |
| Fixed assets | 21/28 | €817,286 | €817,035 | -€252 | 0.0% |
| Tangible fixed assets | 22/27 | €17,586 | €17,335 | -€252 | -1.4% |
| Land and buildings | 22 | €13,917 | €15,276 | +€1,360 | +9.8% |
| Plant, machinery and equipment | 23 | €3,220 | €1,815 | -€1,406 | -43.7% |
| Furniture and vehicles | 24 | €449 | €244 | -€206 | -45.8% |
| Financial fixed assets | 28 | €799,700 | €799,700 | = | 0.0% |
| Current assets | 29/58 | €96,162 | €134,851 | +€38,689 | +40.2% |
| Amounts receivable within one year | 40/41 | €27,925 | €88,078 | +€60,153 | +215% |
| Other amounts receivable | 41 | €27,925 | €88,078 | +€60,153 | +215% |
| Cash at bank and in hand | 54/58 | €65,410 | €40,249 | -€25,161 | -38.5% |
| Deferred charges and accrued income | 490/1 | €2,827 | €6,523 | +€3,696 | +131% |
| Total equity and liabilities | 10/49 | €913,449 | €951,885 | +€38,437 | +4.2% |
| Equity | 10/15 | €757,492 | €687,841 | -€69,650 | -9.2% |
| Contributions | 10/11 | €254,700 | €254,700 | = | 0.0% |
| Reserves | 13 | €493,031 | €423,381 | -€69,650 | -14.1% |
| Non-distributable reserves | 130/1 | €25,470 | €25,470 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,470 | €25,470 | = | 0.0% |
| Distributable reserves | 133 | €467,561 | €397,911 | -€69,650 | -14.9% |
| Profit (loss) carried forward | 14 | €9,760 | €9,760 | = | 0.0% |
| Amounts payable | 17/49 | €155,957 | €264,044 | +€108,087 | +69.3% |
| Amounts payable after more than one year | 17 | €123,077 | €106,595 | -€16,482 | -13.4% |
| Financial debts | 170/4 | €123,077 | €106,595 | -€16,482 | -13.4% |
| Amounts payable within one year | 42/48 | €32,880 | €157,449 | +€124,569 | +379% |
| Financial debts | 43 | €16,266 | €16,482 | +€216 | +1.3% |
| Other loans | 439 | €16,266 | €16,482 | +€216 | +1.3% |
| Trade debts | 44 | €5,056 | €2,431 | -€2,626 | -51.9% |
| Suppliers | 440/4 | €5,056 | €2,431 | -€2,626 | -51.9% |
| Taxes, remuneration and social security | 45 | €11,558 | €1,000 | -€10,558 | -91.3% |
| Taxes | 450/3 | €11,558 | €1,000 | -€10,558 | -91.3% |
| Other amounts payable | 47/48 | - | €137,536 | +€137,536 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,322 | €3,781 | +€459 | +13.8% |
| Other operating charges | 640/8 | €1,274 | €1,916 | +€642 | +50.4% |
| Gross operating margin | 9900 | €82,256 | €77,572 | -€4,684 | -5.7% |
| Operating profit (loss) | 9901 | €77,660 | €71,875 | -€5,786 | -7.5% |
| Financial income | 75/76B | €89 | €308 | +€219 | +245% |
| Recurring financial income | 75 | €89 | €308 | +€219 | +245% |
| Financial charges | 65/66B | €2,096 | €2,048 | -€47 | -2.2% |
| Recurring financial charges | 65 | €2,096 | €2,048 | -€47 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €75,654 | €70,134 | -€5,520 | -7.3% |
| Income taxes | 67/77 | €21,379 | €19,785 | -€1,594 | -7.5% |
| Profit (loss) for the period | 9904 | €54,275 | €50,350 | -€3,925 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,275 | €50,350 | -€3,925 | -7.2% |
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 17 October 2026 via checked.be.