DANNY PRAET: 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.
DANNY PRAET
Largest movements
- Receivables within one year +€33,338
up €33,338 (+33.2%), from €100,390 to €133,727
of which Trade receivables: +€53,319
- Cash -€11,165
down €11,165 (-51.1%), from €21,845 to €10,680
mainly Net result for the year (-€45,323) and Receivables within one year (-€33,338)
- Tangible fixed assets +€7,432
up €7,432 (+5.2%), from €141,640 to €149,072
of which Assets under construction and advance payments: +€11,535
- Tax, wage and social debts +€49,276
up €49,276 (+141%), from €34,902 to €84,177
- Profit (loss) carried forward -€45,323
down €45,323, from €24,165 to -€21,158
- Other debts +€17,488
up €17,488 (+69.9%), from €25,025 to €42,514
- Debts after one year +€3,610
up €3,610 (+3.3%), from €108,474 to €112,084
- Gross operating margin -€40,091
down €40,091 (-58.0%), from €69,161 to €29,070
- Other operating charges +€12,876
up €12,876 (+43.0%), from €29,963 to €42,839
- Taxes -€6,638
down €6,638 (-52.9%), from €12,537 to €5,899
- Financial charges +€4,356
up €4,356 (+100%), from €4,346 to €8,702
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 | €263,874 | €293,479 | +€29,605 | +11.2% |
| Fixed assets | 21/28 | €141,640 | €149,072 | +€7,432 | +5.2% |
| Tangible fixed assets | 22/27 | €141,640 | €149,072 | +€7,432 | +5.2% |
| Land and buildings | 22 | €139,657 | €124,972 | -€14,684 | -10.5% |
| Furniture and vehicles | 24 | €1,983 | €2,299 | +€316 | +15.9% |
| Other tangible fixed assets | 26 | - | €10,266 | +€10,266 | |
| Assets under construction and advance payments | 27 | - | €11,535 | +€11,535 | |
| Current assets | 29/58 | €122,234 | €144,407 | +€22,173 | +18.1% |
| Amounts receivable within one year | 40/41 | €100,390 | €133,727 | +€33,338 | +33.2% |
| Trade receivables | 40 | €72,408 | €125,727 | +€53,319 | +73.6% |
| Other amounts receivable | 41 | €27,981 | €8,000 | -€19,981 | -71.4% |
| Cash at bank and in hand | 54/58 | €21,845 | €10,680 | -€11,165 | -51.1% |
| Total equity and liabilities | 10/49 | €263,874 | €293,479 | +€29,605 | +11.2% |
| Equity | 10/15 | €65,141 | €19,817 | -€45,323 | -69.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,376 | €22,376 | = | 0.0% |
| Distributable reserves | 133 | €22,376 | €22,376 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,165 | -€21,158 | -€45,323 | |
| Amounts payable | 17/49 | €198,734 | €273,662 | +€74,928 | +37.7% |
| Amounts payable after more than one year | 17 | €108,474 | €112,084 | +€3,610 | +3.3% |
| Financial debts | 170/4 | €108,474 | €112,084 | +€3,610 | +3.3% |
| Amounts payable within one year | 42/48 | €90,260 | €161,578 | +€71,318 | +79.0% |
| Current portion of amounts payable after more than one year | 42 | €15,984 | €18,271 | +€2,286 | +14.3% |
| Trade debts | 44 | €14,348 | €16,616 | +€2,268 | +15.8% |
| Suppliers | 440/4 | €14,348 | €16,616 | +€2,268 | +15.8% |
| Taxes, remuneration and social security | 45 | €34,902 | €84,177 | +€49,276 | +141% |
| Taxes | 450/3 | €34,902 | €84,177 | +€49,276 | +141% |
| Other amounts payable | 47/48 | €25,025 | €42,514 | +€17,488 | +69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,530 | €16,954 | +€424 | +2.6% |
| Other operating charges | 640/8 | €29,963 | €42,839 | +€12,876 | +43.0% |
| Gross operating margin | 9900 | €69,161 | €29,070 | -€40,091 | -58.0% |
| Operating profit (loss) | 9901 | €22,669 | -€30,723 | -€53,391 | |
| Financial charges | 65/66B | €4,346 | €8,702 | +€4,356 | +100% |
| Recurring financial charges | 65 | €4,346 | €8,702 | +€4,356 | +100% |
| Profit (loss) for the period before taxes | 9903 | €18,323 | -€39,424 | -€57,747 | |
| Income taxes | 67/77 | €12,537 | €5,899 | -€6,638 | -52.9% |
| Profit (loss) for the period | 9904 | €5,786 | -€45,323 | -€51,109 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,786 | -€45,323 | -€51,109 |
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 26 October 2026 via checked.be.