LE PRAHAY: 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.
LE PRAHAY
Largest movements
- Receivables within one year +€185,501
up €185,501 (+51.7%), from €358,940 to €544,441
of which Other amounts receivable: +€173,232
- Current investments +€180,420
up €180,420 (+845%), from €21,350 to €201,771
- Cash -€36,769
down €36,769 (-28.9%), from €127,168 to €90,399
mainly Investment in fixed assets (net) (-€191,569) and Receivables within one year (-€185,501)
- Reserves +€298,050
up €298,050 (+30.9%), from €965,174 to €1.3m
of which Distributable reserves: +€300,000
- Tax, wage and social debts +€100,933
up €100,933 (+58.4%), from €172,744 to €273,677
of which Taxes: +€76,377
- Debts after one year -€32,154
down €32,154 (-4.9%), from €662,119 to €629,964
- Turnover -€1.1m
no longer reported in 2025 (was €1.1m)
- Gross operating margin +€140,577
up €140,577 (+19.7%), from €712,875 to €853,452
- Purchases and services +€77,883
up €77,883 (+18.5%), from €420,640 to €498,523
- Taxes +€68,600
up €68,600 (+83.3%), from €82,329 to €150,929
- Staff costs +€24,572
up €24,572 (+20.9%), from €117,290 to €141,862
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 | €2,118,048 | €2,475,288 | +€357,241 | +16.9% |
| Fixed assets | 21/28 | €1,603,876 | €1,615,007 | +€11,132 | +0.7% |
| Tangible fixed assets | 22/27 | €1,603,876 | €1,615,007 | +€11,132 | +0.7% |
| Land and buildings | 22 | €1,486,472 | €1,434,969 | -€51,503 | -3.5% |
| Plant, machinery and equipment | 23 | €38,379 | €45,975 | +€7,597 | +19.8% |
| Furniture and vehicles | 24 | €79,025 | €134,063 | +€55,038 | +69.6% |
| Current assets | 29/58 | €514,172 | €860,281 | +€346,109 | +67.3% |
| Amounts receivable within one year | 40/41 | €358,940 | €544,441 | +€185,501 | +51.7% |
| Trade receivables | 40 | €524 | €12,793 | +€12,269 | +2,343% |
| Other amounts receivable | 41 | €358,416 | €531,649 | +€173,232 | +48.3% |
| Current investments | 50/53 | €21,350 | €201,771 | +€180,420 | +845% |
| Cash at bank and in hand | 54/58 | €127,168 | €90,399 | -€36,769 | -28.9% |
| Deferred charges and accrued income | 490/1 | €6,714 | €23,670 | +€16,957 | +253% |
| Total equity and liabilities | 10/49 | €2,118,048 | €2,475,288 | +€357,241 | +16.9% |
| Equity | 10/15 | €1,085,622 | €1,373,984 | +€288,362 | +26.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €965,174 | €1,263,223 | +€298,050 | +30.9% |
| Tax-exempt reserves | 132 | €4,546 | €2,596 | -€1,950 | -42.9% |
| Distributable reserves | 133 | €960,628 | €1,260,628 | +€300,000 | +31.2% |
| Profit (loss) carried forward | 14 | €33,472 | €27,573 | -€5,899 | -17.6% |
| Investment grants | 15 | €68,376 | €64,587 | -€3,789 | -5.5% |
| Provisions and deferred taxes | 16 | €1,136 | €649 | -€488 | -42.9% |
| Deferred taxes | 168 | €1,136 | €649 | -€488 | -42.9% |
| Amounts payable | 17/49 | €1,031,289 | €1,100,656 | +€69,367 | +6.7% |
| Amounts payable after more than one year | 17 | €662,119 | €629,964 | -€32,154 | -4.9% |
| Financial debts | 170/4 | €662,119 | €629,964 | -€32,154 | -4.9% |
| Amounts payable within one year | 42/48 | €366,105 | €470,692 | +€104,587 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €30,832 | €32,129 | +€1,298 | +4.2% |
| Trade debts | 44 | €69,029 | €52,074 | -€16,955 | -24.6% |
| Suppliers | 440/4 | €69,029 | €52,074 | -€16,955 | -24.6% |
| Advances received on contracts in progress | 46 | - | €16,811 | +€16,811 | |
| Taxes, remuneration and social security | 45 | €172,744 | €273,677 | +€100,933 | +58.4% |
| Taxes | 450/3 | €153,203 | €229,580 | +€76,377 | +49.9% |
| Remuneration and social security | 454/9 | €19,541 | €44,098 | +€24,557 | +126% |
| Other amounts payable | 47/48 | €93,500 | €96,000 | +€2,500 | +2.7% |
| Accrued charges and deferred income | 492/3 | €3,066 | - | -€3,066 | |
| Turnover | 70 | €1,133,515 | - | -€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €420,640 | €498,523 | +€77,883 | +18.5% |
| Remuneration, social security and pensions | 62 | €117,290 | €141,862 | +€24,572 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,858 | €180,437 | +€22,579 | +14.3% |
| Other operating charges | 640/8 | €7,894 | €20,346 | +€12,451 | +158% |
| Gross operating margin | 9900 | €712,875 | €853,452 | +€140,577 | +19.7% |
| Operating profit (loss) | 9901 | €429,833 | €510,808 | +€80,975 | +18.8% |
| Financial income | 75/76B | €8,895 | €20,380 | +€11,485 | +129% |
| Recurring financial income | 75 | €8,895 | €20,380 | +€11,485 | +129% |
| Financial charges | 65/66B | €32,342 | €34,596 | +€2,254 | +7.0% |
| Recurring financial charges | 65 | €32,342 | €34,596 | +€2,254 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €406,386 | €496,592 | +€90,206 | +22.2% |
| Transfer from deferred taxes | 780 | €488 | €488 | = | 0.0% |
| Income taxes | 67/77 | €82,329 | €150,929 | +€68,600 | +83.3% |
| Profit (loss) for the period | 9904 | €324,544 | €346,151 | +€21,607 | +6.7% |
| Transfer from tax-exempt reserves | 789 | €1,950 | €1,950 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €326,495 | €348,101 | +€21,607 | +6.6% |
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 26 October 2026 via checked.be.