PR PARTICIPATIONS: 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.
PR PARTICIPATIONS
Largest movements
- Receivables within one year +€207,974
up €207,974 (+9.8%), from €2.1m to €2.3m
of which Other amounts receivable: +€158,848
- Cash -€131,786
down €131,786 (-68.8%), from €191,534 to €59,748
mainly Receivables within one year (-€207,974) and Debts after one year (-€42,164)
- Reserves +€128,531
up €128,531 (+4.3%), from €3.0m to €3.1m
of which Distributable reserves: +€128,531
- Debts after one year -€42,164
down €42,164 (-12.9%), from €326,862 to €284,697
- Other operating charges -€5,711
down €5,711 (-45.2%), from €12,625 to €6,914
- Financial income +€2,101
up €2,101 (+6.7%), from €31,354 to €33,455
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.
Cash bridge derived
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 | €3,461,222 | €3,562,232 | +€101,010 | +2.9% |
| Fixed assets | 21/28 | €1,067,681 | €1,059,199 | -€8,482 | -0.8% |
| Tangible fixed assets | 22/27 | €1,005,171 | €996,689 | -€8,482 | -0.8% |
| Land and buildings | 22 | €509,871 | €501,389 | -€8,482 | -1.7% |
| Other tangible fixed assets | 26 | €495,300 | €495,300 | = | 0.0% |
| Financial fixed assets | 28 | €62,510 | €62,510 | = | 0.0% |
| Current assets | 29/58 | €2,393,541 | €2,503,034 | +€109,492 | +4.6% |
| Amounts receivable within one year | 40/41 | €2,121,996 | €2,329,970 | +€207,974 | +9.8% |
| Trade receivables | 40 | €10,830 | €59,956 | +€49,126 | +453.6% |
| Other amounts receivable | 41 | €2,111,166 | €2,270,014 | +€158,848 | +7.5% |
| Cash at bank and in hand | 54/58 | €191,534 | €59,748 | -€131,786 | -68.8% |
| Deferred charges and accrued income | 490/1 | €80,011 | €113,316 | +€33,305 | +41.6% |
| Total equity and liabilities | 10/49 | €3,461,222 | €3,562,232 | +€101,010 | +2.9% |
| Equity | 10/15 | €2,978,804 | €3,107,336 | +€128,531 | +4.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,958,804 | €3,087,336 | +€128,531 | +4.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,956,804 | €3,085,336 | +€128,531 | +4.3% |
| Amounts payable | 17/49 | €482,418 | €454,897 | -€27,521 | -5.7% |
| Amounts payable after more than one year | 17 | €326,862 | €284,697 | -€42,164 | -12.9% |
| Financial debts | 170/4 | €326,862 | €284,697 | -€42,164 | -12.9% |
| Amounts payable within one year | 42/48 | €155,556 | €170,199 | +€14,643 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €41,282 | €42,164 | +€882 | +2.1% |
| Trade debts | 44 | €14,511 | €9,020 | -€5,491 | -37.8% |
| Suppliers | 440/4 | €14,511 | €9,020 | -€5,491 | -37.8% |
| Taxes, remuneration and social security | 45 | €98,503 | €117,755 | +€19,252 | +19.5% |
| Taxes | 450/3 | €98,503 | €117,755 | +€19,252 | +19.5% |
| Other amounts payable | 47/48 | €1,260 | €1,260 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,482 | €8,482 | = | 0.0% |
| Other operating charges | 640/8 | €12,625 | €6,914 | -€5,711 | -45.2% |
| Gross operating margin | 9900 | €164,337 | €163,343 | -€994 | -0.6% |
| Operating profit (loss) | 9901 | €143,230 | €147,947 | +€4,717 | +3.3% |
| Financial income | 75/76B | €31,354 | €33,455 | +€2,101 | +6.7% |
| Recurring financial income | 75 | €31,354 | €33,455 | +€2,101 | +6.7% |
| Financial charges | 65/66B | €8,417 | €7,506 | -€911 | -10.8% |
| Recurring financial charges | 65 | €8,417 | €7,506 | -€911 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €166,168 | €173,896 | +€7,728 | +4.7% |
| Income taxes | 67/77 | €45,507 | €45,365 | -€143 | -0.3% |
| Profit (loss) for the period | 9904 | €120,660 | €128,531 | +€7,871 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €120,660 | €128,531 | +€7,871 | +6.5% |
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 12 October 2026 via checked.be.