B 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.
B PRINTING
Largest movements
- Cash -€53,115
down €53,115 (-37.5%), from €141,634 to €88,519
mainly Contributions, distributions and other (-€242,000) and Trade debts (-€4,078)
- Tangible fixed assets -€24,854
down €24,854 (-19.8%), from €125,477 to €100,623
of which Furniture and vehicles: -€22,649
- Receivables within one year -€9,325
down €9,325 (-7.7%), from €121,210 to €111,885
of which Other amounts receivable: -€14,136
- Reserves -€119,000
down €119,000 (-61.3%), from €194,000 to €75,000
- Other debts +€36,745
up €36,745 (+30.3%), from €121,431 to €158,176
- Trade debts -€4,078
down €4,078 (-56.3%), from €7,237 to €3,160
- Gross operating margin +€5,846
up €5,846 (+3.2%), from €182,033 to €187,880
- Taxes +€1,971
up €1,971 (+5.4%), from €36,346 to €38,318
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 | €388,321 | €301,026 | -€87,295 | -22.5% |
| Fixed assets | 21/28 | €125,477 | €100,623 | -€24,854 | -19.8% |
| Tangible fixed assets | 22/27 | €125,477 | €100,623 | -€24,854 | -19.8% |
| Land and buildings | 22 | €34,611 | €33,760 | -€851 | -2.5% |
| Plant, machinery and equipment | 23 | €4,339 | €2,984 | -€1,355 | -31.2% |
| Furniture and vehicles | 24 | €86,528 | €63,879 | -€22,649 | -26.2% |
| Current assets | 29/58 | €262,844 | €200,404 | -€62,441 | -23.8% |
| Amounts receivable within one year | 40/41 | €121,210 | €111,885 | -€9,325 | -7.7% |
| Trade receivables | 40 | €105,739 | €110,549 | +€4,810 | +4.5% |
| Other amounts receivable | 41 | €15,472 | €1,336 | -€14,136 | -91.4% |
| Cash at bank and in hand | 54/58 | €141,634 | €88,519 | -€53,115 | -37.5% |
| Total equity and liabilities | 10/49 | €388,321 | €301,026 | -€87,295 | -22.5% |
| Equity | 10/15 | €213,085 | €94,453 | -€118,632 | -55.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €194,000 | €75,000 | -€119,000 | -61.3% |
| Distributable reserves | 133 | €194,000 | €75,000 | -€119,000 | -61.3% |
| Profit (loss) carried forward | 14 | €485 | €853 | +€368 | +76.0% |
| Amounts payable | 17/49 | €175,236 | €206,573 | +€31,337 | +17.9% |
| Amounts payable within one year | 42/48 | €175,236 | €206,573 | +€31,337 | +17.9% |
| Trade debts | 44 | €7,237 | €3,160 | -€4,078 | -56.3% |
| Suppliers | 440/4 | €7,237 | €3,160 | -€4,078 | -56.3% |
| Taxes, remuneration and social security | 45 | €46,568 | €45,237 | -€1,331 | -2.9% |
| Taxes | 450/3 | €46,568 | €45,237 | -€1,331 | -2.9% |
| Other amounts payable | 47/48 | €121,431 | €158,176 | +€36,745 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,426 | €24,854 | -€572 | -2.2% |
| Other operating charges | 640/8 | €1,440 | €1,300 | -€139 | -9.7% |
| Gross operating margin | 9900 | €182,033 | €187,880 | +€5,846 | +3.2% |
| Operating profit (loss) | 9901 | €155,168 | €161,725 | +€6,557 | +4.2% |
| Financial income | 75/76B | €7 | €155 | +€148 | +2,249% |
| Recurring financial income | 75 | €7 | €155 | +€148 | +2,249% |
| Financial charges | 65/66B | €193 | €194 | +€1 | +0.4% |
| Recurring financial charges | 65 | €193 | €194 | +€1 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €154,981 | €161,686 | +€6,705 | +4.3% |
| Income taxes | 67/77 | €36,346 | €38,318 | +€1,971 | +5.4% |
| Profit (loss) for the period | 9904 | €118,635 | €123,368 | +€4,733 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €118,635 | €123,368 | +€4,733 | +4.0% |
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 22 October 2026 via checked.be.