Dr MARCO PRÜMMER: 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.
Dr MARCO PRÜMMER
Largest movements
- Tangible fixed assets +€14,809
new in 2025: €14,809
- Receivables after one year +€5,400
up €5,400 (+12.3%), from €44,000 to €49,400
- Cash +€5,218
up €5,218 (+31.9%), from €16,372 to €21,590
mainly Net result for the year (+€91,038) and Short-term financial debts (+€12,903)
- Receivables within one year -€4,615
down €4,615 (-2.0%), from €231,896 to €227,281
of which Trade receivables: -€8,081
- Profit (loss) carried forward +€91,038
up €91,038 (+53.9%), from €169,019 to €260,057
- Other debts -€85,000
no longer reported in 2025 (was €85,000)
- Short-term financial debts +€12,903
up €12,903 (+146%), from €8,825 to €21,728
- Tax, wage and social debts -€11,608
down €11,608 (-43.3%), from €26,783 to €15,176
- Current portion of long-term debt +€8,168
new in 2025: €8,168
- Gross operating margin -€33,675
down €33,675 (-21.3%), from €158,324 to €124,649
- Taxes -€10,072
down €10,072 (-24.4%), from €41,209 to €31,137
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 | €294,762 | €315,625 | +€20,864 | +7.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €14,809 | +€14,809 | |
| Tangible fixed assets | 22/27 | - | €14,809 | +€14,809 | |
| Furniture and vehicles | 24 | - | €14,809 | +€14,809 | |
| Current assets | 29/58 | €294,762 | €300,816 | +€6,054 | +2.1% |
| Amounts receivable after more than one year | 29 | €44,000 | €49,400 | +€5,400 | +12.3% |
| Trade receivables | 290 | €44,000 | €49,400 | +€5,400 | +12.3% |
| Amounts receivable within one year | 40/41 | €231,896 | €227,281 | -€4,615 | -2.0% |
| Trade receivables | 40 | €58,438 | €50,357 | -€8,081 | -13.8% |
| Other amounts receivable | 41 | €173,458 | €176,924 | +€3,466 | +2.0% |
| Cash at bank and in hand | 54/58 | €16,372 | €21,590 | +€5,218 | +31.9% |
| Deferred charges and accrued income | 490/1 | €2,493 | €2,545 | +€51 | +2.1% |
| Total equity and liabilities | 10/49 | €294,762 | €315,625 | +€20,864 | +7.1% |
| Equity | 10/15 | €171,019 | €262,057 | +€91,038 | +53.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,019 | €260,057 | +€91,038 | +53.9% |
| Amounts payable | 17/49 | €123,743 | €53,569 | -€70,174 | -56.7% |
| Amounts payable after more than one year | 17 | - | €4,886 | +€4,886 | |
| Financial debts | 170/4 | - | €4,886 | +€4,886 | |
| Amounts payable within one year | 42/48 | €123,743 | €48,682 | -€75,061 | -60.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,168 | +€8,168 | |
| Financial debts | 43 | €8,825 | €21,728 | +€12,903 | +146% |
| Credit institutions | 430/8 | €8,825 | €21,728 | +€12,903 | +146% |
| Trade debts | 44 | €3,134 | €3,611 | +€476 | +15.2% |
| Suppliers | 440/4 | €3,134 | €3,611 | +€476 | +15.2% |
| Taxes, remuneration and social security | 45 | €26,783 | €15,176 | -€11,608 | -43.3% |
| Taxes | 450/3 | €26,783 | €15,176 | -€11,608 | -43.3% |
| Other amounts payable | 47/48 | €85,000 | - | -€85,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,571 | +€1,571 | |
| Gross operating margin | 9900 | €158,324 | €124,649 | -€33,675 | -21.3% |
| Operating profit (loss) | 9901 | €158,324 | €123,078 | -€35,246 | -22.3% |
| Financial income | 75/76B | €885 | €23 | -€862 | -97.4% |
| Recurring financial income | 75 | €885 | €23 | -€862 | -97.4% |
| Financial charges | 65/66B | €365 | €926 | +€561 | +153% |
| Recurring financial charges | 65 | €365 | €926 | +€561 | +153% |
| Profit (loss) for the period before taxes | 9903 | €158,844 | €122,175 | -€36,669 | -23.1% |
| Income taxes | 67/77 | €41,209 | €31,137 | -€10,072 | -24.4% |
| Profit (loss) for the period | 9904 | €117,635 | €91,038 | -€26,597 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €117,635 | €91,038 | -€26,597 | -22.6% |
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 24 October 2026 via checked.be.