Printwear: 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.
What changed
Printwear
NACE 18.130, Pre-press and pre-media services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€29,817
2024 · €402,859-€432,676
Equity
€477,757
2024 · €507,574-€29,817
Cash
€48,210
2024 · €668,409-€620,199
Balance sheet total
€486,366
2024 · €717,828-€231,462
Largest movements
Assets
- Cash -€620,199
down €620,199 (-92.8%), from €668,409 to €48,210
mainly Current investments (-€399,401) and Current portion of long-term debt (-€196,231)
- Current investments +€399,401
new in 2025: €399,401
Equity and liabilities
- Current portion of long-term debt -€196,231
no longer reported in 2025 (was €196,231)
- Profit (loss) carried forward -€29,817
down €29,817, from €7,114 to -€22,703
Income statement
- Gross operating margin -€598,121
down €598,121, from €596,044 to -€2,077
- Taxes -€172,121
down €172,121 (-96.9%), from €177,549 to €5,428
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
€402,859
Gross operating margin
-€598,121
Staff costs
-€2,767
Depreciation
+€1,560
Other operating charges
-€2,808
Financial income
+€1,449
Financial charges
-€4,112
Taxes
+€172,121
Result 2025
-€29,817
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
-€28,723
Investment
-€395,245
Financing
-€196,231
Cash 2024
€668,409
From operations (derived)
-€28,723
Net result for the year
-€29,817
Depreciation
+€1,851
Receivables within one year
+€3,108
Deferred charges and accrued income
+€1,548
Trade debts
-€5,134
Tax, wage and social debts
-€3,912
Other debts
+€3,632
Investment (derived)
-€395,245
Investment in fixed assets (net)
+€4,156
Current investments
-€399,401
Financing
-€196,231
Current portion of long-term debt
-€196,231
Cash 2025
€48,210
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €717,828 | €486,366 | -€231,462 | -32.2% |
| Fixed assets | 21/28 | €13,030 | €7,022 | -€6,008 | -46.1% |
| Tangible fixed assets | 22/27 | €12,980 | €7,022 | -€5,958 | -45.9% |
| Plant, machinery and equipment | 23 | €7,941 | €6,445 | -€1,496 | -18.8% |
| Furniture and vehicles | 24 | €5,039 | €577 | -€4,462 | -88.5% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €704,798 | €479,344 | -€225,454 | -32.0% |
| Amounts receivable within one year | 40/41 | €34,841 | €31,733 | -€3,108 | -8.9% |
| Trade receivables | 40 | €526 | €10,643 | +€10,117 | +1923.4% |
| Other amounts receivable | 41 | €34,315 | €21,090 | -€13,225 | -38.5% |
| Current investments | 50/53 | - | €399,401 | +€399,401 | |
| Cash at bank and in hand | 54/58 | €668,409 | €48,210 | -€620,199 | -92.8% |
| Deferred charges and accrued income | 490/1 | €1,548 | - | -€1,548 | |
| Total equity and liabilities | 10/49 | €717,828 | €486,366 | -€231,462 | -32.2% |
| Equity | 10/15 | €507,574 | €477,757 | -€29,817 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €481,860 | €481,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €480,000 | €480,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,114 | -€22,703 | -€29,817 | |
| Amounts payable | 17/49 | €210,254 | €8,609 | -€201,645 | -95.9% |
| Amounts payable within one year | 42/48 | €210,254 | €8,609 | -€201,645 | -95.9% |
| Current portion of amounts payable after more than one year | 42 | €196,231 | - | -€196,231 | |
| Trade debts | 44 | €5,268 | €134 | -€5,134 | -97.5% |
| Suppliers | 440/4 | €5,268 | €134 | -€5,134 | -97.5% |
| Taxes, remuneration and social security | 45 | €4,678 | €767 | -€3,912 | -83.6% |
| Taxes | 450/3 | €1,281 | €767 | -€514 | -40.1% |
| Remuneration and social security | 454/9 | €3,397 | - | -€3,397 | |
| Other amounts payable | 47/48 | €4,076 | €7,708 | +€3,632 | +89.1% |
| Non-recurring operating income | 76A | €664,624 | - | -€664,624 | |
| Remuneration, social security and pensions | 62 | -€2,767 | - | +€2,767 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,412 | €1,851 | -€1,560 | -45.7% |
| Other operating charges | 640/8 | €23,391 | €26,199 | +€2,808 | +12.0% |
| Gross operating margin | 9900 | €596,044 | -€2,077 | -€598,121 | |
| Operating profit (loss) | 9901 | €572,007 | -€30,127 | -€602,135 | |
| Financial income | 75/76B | €8,497 | €9,947 | +€1,449 | +17.1% |
| Recurring financial income | 75 | €8,497 | €9,947 | +€1,449 | +17.1% |
| Financial charges | 65/66B | €96 | €4,208 | +€4,112 | +4281.9% |
| Recurring financial charges | 65 | €96 | €4,208 | +€4,112 | +4281.9% |
| Profit (loss) for the period before taxes | 9903 | €580,409 | -€24,389 | -€604,798 | |
| Income taxes | 67/77 | €177,549 | €5,428 | -€172,121 | -96.9% |
| Profit (loss) for the period | 9904 | €402,859 | -€29,817 | -€432,676 | |
| Profit (loss) for the period to be appropriated | 9905 | €402,859 | -€29,817 | -€432,676 |
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 11 October 2026 via checked.be.