XL 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.
XL PRINTING
Largest movements
- Receivables within one year +€14,398
up €14,398 (+19.3%), from €74,447 to €88,845
of which Trade receivables: +€15,767
- Tangible fixed assets -€5,474
down €5,474 (-19.1%), from €28,727 to €23,253
of which Plant, machinery and equipment: -€3,965
- Intangible fixed assets -€4,677
down €4,677 (-16.6%), from €28,148 to €23,471
- Stocks and contracts -€3,883
down €3,883 (-4.8%), from €80,310 to €76,427
- Deferred charges and accrued income +€3,576
up €3,576 (+374%), from €957 to €4,533
- Tax, wage and social debts +€52,530
up €52,530 (+156%), from €33,715 to €86,245
of which Taxes: +€46,765
- Trade debts -€49,582
down €49,582 (-54.5%), from €90,905 to €41,323
- Current portion of long-term debt -€18,477
down €18,477 (-68.2%), from €27,108 to €8,631
- Profit (loss) carried forward +€10,010
up €10,010 (+30.5%), from €32,795 to €42,805
- Accrued charges and deferred income +€8,292
new in 2025: €8,292
- Staff costs -€33,193
down €33,193 (-19.7%), from €168,353 to €135,159
- Gross operating margin +€27,984
up €27,984 (+19.6%), from €142,587 to €170,571
- Turnover +€25,091
up €25,091 (+4.2%), from €602,181 to €627,272
- Financial charges +€7,578
up €7,578 (+136%), from €5,561 to €13,139
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,500 | €220,439 | +€3,940 | +1.8% |
| Fixed assets | 21/28 | €60,785 | €50,634 | -€10,151 | -16.7% |
| Intangible fixed assets | 21 | €28,148 | €23,471 | -€4,677 | -16.6% |
| Tangible fixed assets | 22/27 | €28,727 | €23,253 | -€5,474 | -19.1% |
| Plant, machinery and equipment | 23 | €21,940 | €17,975 | -€3,965 | -18.1% |
| Furniture and vehicles | 24 | €6,787 | €5,278 | -€1,509 | -22.2% |
| Financial fixed assets | 28 | €3,910 | €3,910 | = | 0.0% |
| Current assets | 29/58 | €155,715 | €169,805 | +€14,091 | +9.0% |
| Stocks and contracts in progress | 3 | €80,310 | €76,427 | -€3,883 | -4.8% |
| Stocks | 30/36 | €80,310 | €76,427 | -€3,883 | -4.8% |
| Amounts receivable within one year | 40/41 | €74,447 | €88,845 | +€14,398 | +19.3% |
| Trade receivables | 40 | €73,079 | €88,845 | +€15,767 | +21.6% |
| Other amounts receivable | 41 | €1,368 | - | -€1,368 | |
| Deferred charges and accrued income | 490/1 | €957 | €4,533 | +€3,576 | +374% |
| Total equity and liabilities | 10/49 | €216,500 | €220,439 | +€3,940 | +1.8% |
| Equity | 10/15 | €53,255 | €63,265 | +€10,010 | +18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €32,795 | €42,805 | +€10,010 | +30.5% |
| Amounts payable | 17/49 | €163,245 | €157,175 | -€6,070 | -3.7% |
| Amounts payable within one year | 42/48 | €163,245 | €148,883 | -€14,362 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €27,108 | €8,631 | -€18,477 | -68.2% |
| Financial debts | 43 | €11,516 | €12,684 | +€1,168 | +10.1% |
| Credit institutions | 430/8 | €11,516 | €12,684 | +€1,168 | +10.1% |
| Trade debts | 44 | €90,905 | €41,323 | -€49,582 | -54.5% |
| Suppliers | 440/4 | €90,905 | €41,323 | -€49,582 | -54.5% |
| Taxes, remuneration and social security | 45 | €33,715 | €86,245 | +€52,530 | +156% |
| Taxes | 450/3 | €17,769 | €64,534 | +€46,765 | +263% |
| Remuneration and social security | 454/9 | €15,946 | €21,711 | +€5,765 | +36.1% |
| Accrued charges and deferred income | 492/3 | - | €8,292 | +€8,292 | |
| Turnover | 70 | €602,181 | €627,272 | +€25,091 | +4.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €459,594 | €456,701 | -€2,893 | -0.6% |
| Remuneration, social security and pensions | 62 | €168,353 | €135,159 | -€33,193 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,499 | €11,855 | +€355 | +3.1% |
| Other operating charges | 640/8 | €6,373 | €143 | -€6,230 | -97.8% |
| Non-recurring operating charges | 66A | - | €772 | +€772 | |
| Gross operating margin | 9900 | €142,587 | €170,571 | +€27,984 | +19.6% |
| Operating profit (loss) | 9901 | -€43,638 | €22,642 | +€66,280 | |
| Financial income | 75/76B | - | €507 | +€507 | |
| Recurring financial income | 75 | - | €507 | +€507 | |
| Financial charges | 65/66B | €5,561 | €13,139 | +€7,578 | +136% |
| Recurring financial charges | 65 | €5,561 | €13,139 | +€7,578 | +136% |
| Profit (loss) for the period before taxes | 9903 | -€49,200 | €10,010 | +€59,209 | |
| Income taxes | 67/77 | €517 | - | -€517 | |
| Profit (loss) for the period | 9904 | -€49,717 | €10,010 | +€59,727 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,717 | €10,010 | +€59,727 |
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 23 October 2026 via checked.be.