P.R.E. CONSTRUCT: 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.
P.R.E. CONSTRUCT
Largest movements
- Cash -€958,781
down €958,781 (-86.3%), from €1.1m to €152,839
mainly Other debts (-€526,193) and Contributions, distributions and other (-€339,854)
- Receivables within one year +€82,003
up €82,003 (+60.1%), from €136,489 to €218,492
of which Trade receivables: +€80,416
- Stocks and contracts -€28,011
down €28,011 (-50.7%), from €55,243 to €27,232
- Tangible fixed assets -€15,442
down €15,442 (-25.2%), from €61,273 to €45,831
of which Furniture and vehicles: -€20,522
- Other debts -€526,193
down €526,193 (-68.3%), from €770,070 to €243,877
- Contributions -€216,000
down €216,000 (-92.1%), from €234,600 to €18,600
- Reserves -€123,854
down €123,854 (-62.7%), from €197,437 to €73,583
- Debts after one year -€21,804
down €21,804 (-45.2%), from €48,275 to €26,470
- Trade debts -€19,842
down €19,842 (-28.0%), from €70,786 to €50,944
- Gross operating margin -€794,967
down €794,967 (-74.5%), from €1.1m to €272,200
- Staff costs +€54,214
up €54,214 (+27.6%), from €196,468 to €250,682
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,368,024 | €447,337 | -€920,687 | -67.3% |
| Fixed assets | 21/28 | €63,633 | €48,192 | -€15,442 | -24.3% |
| Tangible fixed assets | 22/27 | €61,273 | €45,831 | -€15,442 | -25.2% |
| Plant, machinery and equipment | 23 | €6,355 | €11,435 | +€5,080 | +79.9% |
| Furniture and vehicles | 24 | €54,917 | €34,396 | -€20,522 | -37.4% |
| Financial fixed assets | 28 | €2,361 | €2,361 | = | 0.0% |
| Current assets | 29/58 | €1,304,390 | €399,145 | -€905,245 | -69.4% |
| Stocks and contracts in progress | 3 | €55,243 | €27,232 | -€28,011 | -50.7% |
| Contracts in progress | 37 | €55,243 | €27,232 | -€28,011 | -50.7% |
| Amounts receivable within one year | 40/41 | €136,489 | €218,492 | +€82,003 | +60.1% |
| Trade receivables | 40 | €95,539 | €175,954 | +€80,416 | +84.2% |
| Other amounts receivable | 41 | €40,950 | €42,537 | +€1,587 | +3.9% |
| Cash at bank and in hand | 54/58 | €1,111,619 | €152,839 | -€958,781 | -86.3% |
| Deferred charges and accrued income | 490/1 | €1,039 | €583 | -€456 | -43.9% |
| Total equity and liabilities | 10/49 | €1,368,024 | €447,337 | -€920,687 | -67.3% |
| Equity | 10/15 | €432,037 | €86,285 | -€345,752 | -80.0% |
| Contributions | 10/11 | €234,600 | €18,600 | -€216,000 | -92.1% |
| Reserves | 13 | €197,437 | €73,583 | -€123,854 | -62.7% |
| Distributable reserves | 133 | €197,437 | €73,583 | -€123,854 | -62.7% |
| Profit (loss) carried forward | 14 | - | -€5,898 | -€5,898 | |
| Amounts payable | 17/49 | €935,987 | €361,051 | -€574,936 | -61.4% |
| Amounts payable after more than one year | 17 | €48,275 | €26,470 | -€21,804 | -45.2% |
| Financial debts | 170/4 | €48,275 | €26,470 | -€21,804 | -45.2% |
| Amounts payable within one year | 42/48 | €886,824 | €334,581 | -€552,243 | -62.3% |
| Current portion of amounts payable after more than one year | 42 | €23,021 | €21,804 | -€1,217 | -5.3% |
| Trade debts | 44 | €70,786 | €50,944 | -€19,842 | -28.0% |
| Suppliers | 440/4 | €70,786 | €50,944 | -€19,842 | -28.0% |
| Taxes, remuneration and social security | 45 | €22,947 | €17,955 | -€4,992 | -21.8% |
| Taxes | 450/3 | €6,397 | - | -€6,397 | |
| Remuneration and social security | 454/9 | €16,550 | €17,955 | +€1,405 | +8.5% |
| Other amounts payable | 47/48 | €770,070 | €243,877 | -€526,193 | -68.3% |
| Accrued charges and deferred income | 492/3 | €888 | - | -€888 | |
| Non-recurring operating income | 76A | €863,976 | - | -€863,976 | |
| Remuneration, social security and pensions | 62 | €196,468 | €250,682 | +€54,214 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,723 | €23,305 | -€4,417 | -15.9% |
| Other operating charges | 640/8 | €12,901 | €2,688 | -€10,212 | -79.2% |
| Gross operating margin | 9900 | €1,067,167 | €272,200 | -€794,967 | -74.5% |
| Operating profit (loss) | 9901 | €830,076 | -€4,475 | -€834,552 | |
| Financial income | 75/76B | €230 | €2,032 | +€1,802 | +785% |
| Recurring financial income | 75 | €230 | €2,032 | +€1,802 | +785% |
| Financial charges | 65/66B | €3,575 | €3,285 | -€290 | -8.1% |
| Recurring financial charges | 65 | €3,575 | €3,285 | -€290 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €826,731 | -€5,729 | -€832,459 | |
| Income taxes | 67/77 | €6,404 | €169 | -€6,235 | -97.4% |
| Profit (loss) for the period | 9904 | €820,326 | -€5,898 | -€826,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €820,326 | -€5,898 | -€826,224 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.