PRINTWORX: 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.
PRINTWORX
Largest movements
- Receivables within one year -€6,136
down €6,136 (-34.5%), from €17,805 to €11,669
of which Trade receivables: -€5,477
- Tangible fixed assets -€2,766
down €2,766 (-52.3%), from €5,292 to €2,526
of which Furniture and vehicles: -€2,441
- Trade debts -€14,653
down €14,653 (-87.5%), from €16,750 to €2,097
- Profit (loss) carried forward +€7,378
up €7,378 (+15.9%), from -€46,408 to -€39,031
- Other debts +€3,550
up €3,550 (+43.6%), from €8,151 to €11,701
- Short-term financial debts -€2,441
down €2,441 (-10.8%), from €22,662 to €20,222
of which Credit institutions: -€2,441
- Tax, wage and social debts -€2,422
down €2,422 (-24.4%), from €9,936 to €7,514
of which Remuneration and social security: -€4,170
- Write-downs +€5,872
up €5,872 (+1,678%), from €350 to €6,222
- Gross operating margin -€933
down €933 (-3.8%), from €24,467 to €23,534
- Taxes +€496
up €496 (+108%), from €460 to €955
- Other operating charges -€253
down €253 (-19.1%), from €1,324 to €1,071
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 | €30,362 | €21,103 | -€9,259 | -30.5% |
| Fixed assets | 21/28 | €6,303 | €3,287 | -€3,016 | -47.8% |
| Tangible fixed assets | 22/27 | €5,292 | €2,526 | -€2,766 | -52.3% |
| Plant, machinery and equipment | 23 | €1,767 | €1,568 | -€199 | -11.3% |
| Furniture and vehicles | 24 | €3,344 | €903 | -€2,441 | -73.0% |
| Other tangible fixed assets | 26 | €181 | €55 | -€126 | -69.8% |
| Financial fixed assets | 28 | €1,011 | €761 | -€250 | -24.7% |
| Current assets | 29/58 | €24,060 | €17,816 | -€6,243 | -25.9% |
| Amounts receivable after more than one year | 29 | €4,331 | €4,331 | = | 0.0% |
| Other amounts receivable | 291 | €4,331 | €4,331 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €17,805 | €11,669 | -€6,136 | -34.5% |
| Trade receivables | 40 | €13,091 | €7,614 | -€5,477 | -41.8% |
| Other amounts receivable | 41 | €4,714 | €4,055 | -€659 | -14.0% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,924 | €1,816 | -€108 | -5.6% |
| Total equity and liabilities | 10/49 | €30,362 | €21,103 | -€9,259 | -30.5% |
| Equity | 10/15 | -€27,137 | -€20,431 | +€6,707 | +24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €671 | €0 | -€671 | -100% |
| Distributable reserves | 133 | €671 | €0 | -€671 | -100% |
| Profit (loss) carried forward | 14 | -€46,408 | -€39,031 | +€7,378 | +15.9% |
| Amounts payable | 17/49 | €57,499 | €41,533 | -€15,966 | -27.8% |
| Amounts payable within one year | 42/48 | €57,499 | €41,533 | -€15,966 | -27.8% |
| Financial debts | 43 | €22,662 | €20,222 | -€2,441 | -10.8% |
| Credit institutions | 430/8 | €22,662 | €20,222 | -€2,441 | -10.8% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €16,750 | €2,097 | -€14,653 | -87.5% |
| Suppliers | 440/4 | €16,750 | €2,097 | -€14,653 | -87.5% |
| Taxes, remuneration and social security | 45 | €9,936 | €7,514 | -€2,422 | -24.4% |
| Taxes | 450/3 | €5,766 | €7,514 | +€1,748 | +30.3% |
| Remuneration and social security | 454/9 | €4,170 | €0 | -€4,170 | -100% |
| Other amounts payable | 47/48 | €8,151 | €11,701 | +€3,550 | +43.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,012 | €3,839 | -€173 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €350 | €6,222 | +€5,872 | +1,678% |
| Other operating charges | 640/8 | €1,324 | €1,071 | -€253 | -19.1% |
| Gross operating margin | 9900 | €24,467 | €23,534 | -€933 | -3.8% |
| Operating profit (loss) | 9901 | €18,780 | €12,401 | -€6,379 | -34.0% |
| Financial income | 75/76B | €285 | €482 | +€197 | +68.8% |
| Recurring financial income | 75 | €285 | €482 | +€197 | +68.8% |
| Financial charges | 65/66B | €5,278 | €5,222 | -€56 | -1.1% |
| Recurring financial charges | 65 | €5,278 | €5,222 | -€56 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €13,788 | €7,662 | -€6,126 | -44.4% |
| Income taxes | 67/77 | €460 | €955 | +€496 | +108% |
| Profit (loss) for the period | 9904 | €13,328 | €6,707 | -€6,621 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,328 | €6,707 | -€6,621 | -49.7% |
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 18 October 2026 via checked.be.