FRANK PRIEËLS: 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.
FRANK PRIEËLS
Largest movements
- Cash +€27,118
up €27,118 (+36.0%), from €75,368 to €102,486
mainly Net result for the year (+€66,641) and Depreciation (+€43,261)
- Tangible fixed assets -€26,233
down €26,233 (-25.6%), from €102,298 to €76,065
of which Furniture and vehicles: -€21,764
- Current investments +€17,999
up €17,999 (+16.5%), from €108,757 to €126,756
- Reserves +€35,000
up €35,000 (+18.1%), from €193,681 to €228,681
of which Distributable reserves: +€35,000
- Other debts -€22,366
down €22,366 (-54.1%), from €41,366 to €19,000
- Debts after one year -€22,276
down €22,276 (-74.3%), from €29,973 to €7,697
- Tax, wage and social debts +€14,295
up €14,295 (+59.6%), from €23,991 to €38,286
of which Taxes: +€14,478
- Profit (loss) carried forward +€11,641
up €11,641 (+305%), from €3,815 to €15,456
- Gross operating margin +€45,637
up €45,637 (+37.5%), from €121,815 to €167,452
- Taxes +€11,278
up €11,278 (+57.6%), from €19,585 to €30,863
- Staff costs +€2,839
up €2,839 (+15.5%), from €18,304 to €21,143
- Depreciation +€2,446
up €2,446 (+6.0%), from €40,815 to €43,261
- Other operating charges +€2,433
up €2,433 (+109%), from €2,226 to €4,659
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 | €366,945 | €382,018 | +€15,073 | +4.1% |
| Fixed assets | 21/28 | €102,360 | €76,127 | -€26,233 | -25.6% |
| Tangible fixed assets | 22/27 | €102,298 | €76,065 | -€26,233 | -25.6% |
| Land and buildings | 22 | €26,582 | €11,034 | -€15,548 | -58.5% |
| Plant, machinery and equipment | 23 | €22,160 | €33,239 | +€11,079 | +50.0% |
| Furniture and vehicles | 24 | €53,556 | €31,792 | -€21,764 | -40.6% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €264,585 | €305,891 | +€41,306 | +15.6% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,460 | €6,649 | -€3,811 | -36.4% |
| Other amounts receivable | 41 | €10,460 | €6,649 | -€3,811 | -36.4% |
| Current investments | 50/53 | €108,757 | €126,756 | +€17,999 | +16.5% |
| Cash at bank and in hand | 54/58 | €75,368 | €102,486 | +€27,118 | +36.0% |
| Total equity and liabilities | 10/49 | €366,945 | €382,018 | +€15,073 | +4.1% |
| Equity | 10/15 | €237,196 | €283,837 | +€46,641 | +19.7% |
| Contributions | 10/11 | €39,700 | €39,700 | = | 0.0% |
| Reserves | 13 | €193,681 | €228,681 | +€35,000 | +18.1% |
| Non-distributable reserves | 130/1 | €3,970 | €3,970 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,970 | €3,970 | = | 0.0% |
| Distributable reserves | 133 | €189,711 | €224,711 | +€35,000 | +18.4% |
| Profit (loss) carried forward | 14 | €3,815 | €15,456 | +€11,641 | +305% |
| Amounts payable | 17/49 | €129,749 | €98,181 | -€31,568 | -24.3% |
| Amounts payable after more than one year | 17 | €29,973 | €7,697 | -€22,276 | -74.3% |
| Financial debts | 170/4 | €29,973 | €7,697 | -€22,276 | -74.3% |
| Amounts payable within one year | 42/48 | €99,776 | €90,484 | -€9,292 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €30,977 | €24,194 | -€6,783 | -21.9% |
| Trade debts | 44 | €3,442 | €9,004 | +€5,562 | +162% |
| Suppliers | 440/4 | €3,442 | €9,004 | +€5,562 | +162% |
| Taxes, remuneration and social security | 45 | €23,991 | €38,286 | +€14,295 | +59.6% |
| Taxes | 450/3 | €14,585 | €29,063 | +€14,478 | +99.3% |
| Remuneration and social security | 454/9 | €9,406 | €9,223 | -€183 | -1.9% |
| Other amounts payable | 47/48 | €41,366 | €19,000 | -€22,366 | -54.1% |
| Remuneration, social security and pensions | 62 | €18,304 | €21,143 | +€2,839 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,815 | €43,261 | +€2,446 | +6.0% |
| Other operating charges | 640/8 | €2,226 | €4,659 | +€2,433 | +109% |
| Gross operating margin | 9900 | €121,815 | €167,452 | +€45,637 | +37.5% |
| Operating profit (loss) | 9901 | €60,470 | €98,389 | +€37,919 | +62.7% |
| Financial income | 75/76B | €662 | €1,606 | +€944 | +143% |
| Recurring financial income | 75 | €662 | €1,606 | +€944 | +143% |
| Financial charges | 65/66B | €3,006 | €2,491 | -€515 | -17.1% |
| Recurring financial charges | 65 | €3,006 | €2,491 | -€515 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €58,126 | €97,504 | +€39,378 | +67.7% |
| Income taxes | 67/77 | €19,585 | €30,863 | +€11,278 | +57.6% |
| Profit (loss) for the period | 9904 | €38,541 | €66,641 | +€28,100 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,541 | €66,641 | +€28,100 | +72.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.