THE PRINTROOM: 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.
THE PRINTROOM
Largest movements
- Tangible fixed assets -€25,656
down €25,656 (-5.0%), from €515,309 to €489,653
of which Land and buildings: -€26,081
- Cash -€14,358
down €14,358 (-14.0%), from €102,781 to €88,423
mainly Debts after one year (-€72,619) and Contributions, distributions and other (-€68,042)
- Debts after one year -€72,619
down €72,619 (-29.9%), from €243,186 to €170,567
- Other debts +€22,866
up €22,866 (+11.6%), from €196,667 to €219,533
- Trade debts +€17,283
up €17,283 (+56.8%), from €30,455 to €47,738
- Gross operating margin -€11,758
down €11,758 (-7.5%), from €156,365 to €144,607
- Financial charges -€3,769
down €3,769 (-22.0%), from €17,145 to €13,375
- Other operating charges -€2,258
down €2,258 (-23.4%), from €9,646 to €7,388
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €760,184 | €719,742 | -€40,442 | -5.3% |
| Fixed assets | 21/28 | €515,309 | €489,653 | -€25,656 | -5.0% |
| Tangible fixed assets | 22/27 | €515,309 | €489,653 | -€25,656 | -5.0% |
| Land and buildings | 22 | €501,843 | €475,763 | -€26,081 | -5.2% |
| Plant, machinery and equipment | 23 | €11,677 | €12,423 | +€747 | +6.4% |
| Furniture and vehicles | 24 | €1,790 | €1,467 | -€323 | -18.0% |
| Current assets | 29/58 | €244,874 | €230,089 | -€14,785 | -6.0% |
| Stocks and contracts in progress | 3 | €3,851 | €5,590 | +€1,738 | +45.1% |
| Stocks | 30/36 | €3,851 | €5,590 | +€1,738 | +45.1% |
| Amounts receivable within one year | 40/41 | €129,294 | €131,701 | +€2,408 | +1.9% |
| Trade receivables | 40 | €80,691 | €73,021 | -€7,670 | -9.5% |
| Other amounts receivable | 41 | €48,603 | €58,681 | +€10,078 | +20.7% |
| Cash at bank and in hand | 54/58 | €102,781 | €88,423 | -€14,358 | -14.0% |
| Deferred charges and accrued income | 490/1 | €8,948 | €4,375 | -€4,573 | -51.1% |
| Total equity and liabilities | 10/49 | €760,184 | €719,742 | -€40,442 | -5.3% |
| Equity | 10/15 | €184,484 | €184,484 | = | 0.0% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €128,284 | €128,284 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,750 | €33,750 | = | 0.0% |
| Distributable reserves | 133 | €94,534 | €94,534 | = | 0.0% |
| Amounts payable | 17/49 | €575,700 | €535,258 | -€40,442 | -7.0% |
| Amounts payable after more than one year | 17 | €243,186 | €170,567 | -€72,619 | -29.9% |
| Financial debts | 170/4 | €243,186 | €170,567 | -€72,619 | -29.9% |
| Amounts payable within one year | 42/48 | €332,514 | €364,691 | +€32,177 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €86,239 | €79,342 | -€6,897 | -8.0% |
| Trade debts | 44 | €30,455 | €47,738 | +€17,283 | +56.8% |
| Suppliers | 440/4 | €30,455 | €47,738 | +€17,283 | +56.8% |
| Taxes, remuneration and social security | 45 | €19,153 | €18,078 | -€1,074 | -5.6% |
| Taxes | 450/3 | €19,153 | €18,078 | -€1,074 | -5.6% |
| Other amounts payable | 47/48 | €196,667 | €219,533 | +€22,866 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,576 | €30,620 | -€956 | -3.0% |
| Other operating charges | 640/8 | €9,646 | €7,388 | -€2,258 | -23.4% |
| Gross operating margin | 9900 | €156,365 | €144,607 | -€11,758 | -7.5% |
| Operating profit (loss) | 9901 | €115,143 | €106,599 | -€8,544 | -7.4% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100.0% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100.0% |
| Financial charges | 65/66B | €17,145 | €13,375 | -€3,769 | -22.0% |
| Recurring financial charges | 65 | €17,145 | €13,375 | -€3,769 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €98,022 | €93,223 | -€4,799 | -4.9% |
| Income taxes | 67/77 | €26,149 | €25,181 | -€967 | -3.7% |
| Profit (loss) for the period | 9904 | €71,873 | €68,042 | -€3,831 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,873 | €68,042 | -€3,831 | -5.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.