SB-PRINTING: 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.
SB-PRINTING
Largest movements
- Cash +€43,079
up €43,079 (+19.7%), from €218,222 to €261,301
mainly Net result for the year (+€307,541) and Depreciation (+€37,625)
- Tangible fixed assets -€32,907
down €32,907 (-15.3%), from €215,495 to €182,588
- Stocks and contracts +€10,689
up €10,689 (+92.3%), from €11,580 to €22,269
- Receivables within one year -€10,535
down €10,535 (-6.8%), from €155,286 to €144,751
of which Other amounts receivable: -€11,849
- Reserves +€57,541
up €57,541 (+19.7%), from €291,379 to €348,920
- Tax, wage and social debts -€21,842
down €21,842 (-46.7%), from €46,739 to €24,898
of which Taxes: -€22,909
- Debts after one year -€20,603
down €20,603 (-15.7%), from €130,817 to €110,214
of which Financial debts: -€20,603
- Gross operating margin +€58,963
up €58,963 (+11.0%), from €535,759 to €594,722
- Staff costs +€48,923
up €48,923 (+35.5%), from €137,648 to €186,571
- Financial income +€39,121
up €39,121 (+493.9%), from €7,921 to €47,042
- Taxes +€12,360
up €12,360 (+13.7%), from €90,414 to €102,774
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €794,524 | €813,098 | +€18,574 | +2.3% |
| Fixed assets | 21/28 | €217,607 | €183,721 | -€33,885 | -15.6% |
| Intangible fixed assets | 21 | €2,111 | €1,133 | -€978 | -46.3% |
| Tangible fixed assets | 22/27 | €215,495 | €182,588 | -€32,907 | -15.3% |
| Plant, machinery and equipment | 23 | €34,481 | €19,061 | -€15,420 | -44.7% |
| Furniture and vehicles | 24 | €1,965 | €880 | -€1,086 | -55.3% |
| Leasing and similar rights | 25 | €179,049 | €162,648 | -€16,401 | -9.2% |
| Current assets | 29/58 | €576,917 | €629,377 | +€52,459 | +9.1% |
| Stocks and contracts in progress | 3 | €11,580 | €22,269 | +€10,689 | +92.3% |
| Stocks | 30/36 | €11,580 | €22,269 | +€10,689 | +92.3% |
| Amounts receivable within one year | 40/41 | €155,286 | €144,751 | -€10,535 | -6.8% |
| Trade receivables | 40 | €142,383 | €143,697 | +€1,314 | +0.9% |
| Other amounts receivable | 41 | €12,903 | €1,055 | -€11,849 | -91.8% |
| Current investments | 50/53 | €191,630 | €194,874 | +€3,244 | +1.7% |
| Cash at bank and in hand | 54/58 | €218,222 | €261,301 | +€43,079 | +19.7% |
| Deferred charges and accrued income | 490/1 | €200 | €6,182 | +€5,982 | +2990.8% |
| Total equity and liabilities | 10/49 | €794,524 | €813,098 | +€18,574 | +2.3% |
| Equity | 10/15 | €297,579 | €355,120 | +€57,541 | +19.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €291,379 | €348,920 | +€57,541 | +19.7% |
| Distributable reserves | 133 | €291,379 | €348,920 | +€57,541 | +19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €496,945 | €457,978 | -€38,967 | -7.8% |
| Amounts payable after more than one year | 17 | €130,817 | €110,214 | -€20,603 | -15.7% |
| Financial debts | 170/4 | €130,817 | €110,214 | -€20,603 | -15.7% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €366,128 | €346,765 | -€19,363 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €20,402 | €20,603 | +€201 | +1.0% |
| Trade debts | 44 | €46,877 | €49,166 | +€2,289 | +4.9% |
| Suppliers | 440/4 | €46,877 | €49,166 | +€2,289 | +4.9% |
| Taxes, remuneration and social security | 45 | €46,739 | €24,898 | -€21,842 | -46.7% |
| Taxes | 450/3 | €35,432 | €12,523 | -€22,909 | -64.7% |
| Remuneration and social security | 454/9 | €11,308 | €12,374 | +€1,067 | +9.4% |
| Other amounts payable | 47/48 | €252,109 | €252,100 | -€10 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Remuneration, social security and pensions | 62 | €137,648 | €186,571 | +€48,923 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,552 | €37,625 | -€927 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,669 | €4,111 | -€1,558 | -27.5% |
| Non-recurring operating charges | 66A | €1,297 | €0 | -€1,297 | -100.0% |
| Gross operating margin | 9900 | €535,759 | €594,722 | +€58,963 | +11.0% |
| Operating profit (loss) | 9901 | €352,594 | €366,415 | +€13,821 | +3.9% |
| Financial income | 75/76B | €7,921 | €47,042 | +€39,121 | +493.9% |
| Recurring financial income | 75 | €7,921 | €47,042 | +€39,121 | +493.9% |
| Financial charges | 65/66B | €2,318 | €3,141 | +€823 | +35.5% |
| Recurring financial charges | 65 | €2,318 | €3,141 | +€823 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €358,197 | €410,315 | +€52,119 | +14.6% |
| Income taxes | 67/77 | €90,414 | €102,774 | +€12,360 | +13.7% |
| Profit (loss) for the period | 9904 | €267,783 | €307,541 | +€39,758 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €267,783 | €307,541 | +€39,758 | +14.8% |
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 9 October 2026 via checked.be.