PR2B: 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.
PR2B
Largest movements
- Tangible fixed assets -€50,843
down €50,843 (-29.3%), from €173,325 to €122,481
- Cash +€16,236
up €16,236 (+179.7%), from €9,036 to €25,272
mainly Net result for the year (+€108,348) and Depreciation (+€50,843)
- Reserves +€108,348
up €108,348 (+12.8%), from €847,339 to €955,687
of which Distributable reserves: +€108,348
- Other debts -€92,979
down €92,979 (-40.2%), from €231,500 to €138,521
- Debts after one year -€40,154
down €40,154 (-32.6%), from €123,328 to €83,174
- Financial charges -€9,353
down €9,353 (-35.6%), from €26,244 to €16,891
- Gross operating margin +€7,523
up €7,523 (+3.7%), from €202,548 to €210,071
- Taxes -€4,826
down €4,826 (-13.2%), from €36,540 to €31,714
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 | €1,336,018 | €1,299,741 | -€36,277 | -2.7% |
| Fixed assets | 21/28 | €1,273,325 | €1,222,481 | -€50,843 | -4.0% |
| Tangible fixed assets | 22/27 | €173,325 | €122,481 | -€50,843 | -29.3% |
| Land and buildings | 22 | €30,667 | €14,667 | -€16,000 | -52.2% |
| Plant, machinery and equipment | 23 | €88,803 | €69,284 | -€19,519 | -22.0% |
| Furniture and vehicles | 24 | €53,855 | €38,530 | -€15,325 | -28.5% |
| Financial fixed assets | 28 | €1,100,000 | €1,100,000 | = | 0.0% |
| Current assets | 29/58 | €62,694 | €77,260 | +€14,566 | +23.2% |
| Amounts receivable within one year | 40/41 | €5,185 | €6,403 | +€1,218 | +23.5% |
| Trade receivables | 40 | €5,159 | €6,403 | +€1,245 | +24.1% |
| Other amounts receivable | 41 | €27 | €0 | -€27 | -100.0% |
| Current investments | 50/53 | €47,890 | €44,963 | -€2,927 | -6.1% |
| Cash at bank and in hand | 54/58 | €9,036 | €25,272 | +€16,236 | +179.7% |
| Deferred charges and accrued income | 490/1 | €582 | €621 | +€40 | +6.8% |
| Total equity and liabilities | 10/49 | €1,336,018 | €1,299,741 | -€36,277 | -2.7% |
| Equity | 10/15 | €865,939 | €974,287 | +€108,348 | +12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €847,339 | €955,687 | +€108,348 | +12.8% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €809,839 | €918,187 | +€108,348 | +13.4% |
| Amounts payable | 17/49 | €470,079 | €325,454 | -€144,626 | -30.8% |
| Amounts payable after more than one year | 17 | €123,328 | €83,174 | -€40,154 | -32.6% |
| Financial debts | 170/4 | €123,328 | €83,174 | -€40,154 | -32.6% |
| Amounts payable within one year | 42/48 | €324,660 | €228,340 | -€96,320 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €38,919 | €40,154 | +€1,235 | +3.2% |
| Trade debts | 44 | €1,526 | €1,295 | -€230 | -15.1% |
| Suppliers | 440/4 | €1,526 | €1,295 | -€230 | -15.1% |
| Taxes, remuneration and social security | 45 | €52,715 | €48,370 | -€4,346 | -8.2% |
| Taxes | 450/3 | €52,715 | €48,370 | -€4,346 | -8.2% |
| Other amounts payable | 47/48 | €231,500 | €138,521 | -€92,979 | -40.2% |
| Accrued charges and deferred income | 492/3 | €22,091 | €13,940 | -€8,151 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,285 | €50,843 | +€1,559 | +3.2% |
| Other operating charges | 640/8 | €2,720 | €2,667 | -€53 | -1.9% |
| Gross operating margin | 9900 | €202,548 | €210,071 | +€7,523 | +3.7% |
| Operating profit (loss) | 9901 | €150,544 | €156,560 | +€6,017 | +4.0% |
| Financial income | 75/76B | €379 | €393 | +€14 | +3.8% |
| Recurring financial income | 75 | €379 | €393 | +€14 | +3.8% |
| Financial charges | 65/66B | €26,244 | €16,891 | -€9,353 | -35.6% |
| Recurring financial charges | 65 | €26,244 | €16,891 | -€9,353 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €124,679 | €140,063 | +€15,384 | +12.3% |
| Income taxes | 67/77 | €36,540 | €31,714 | -€4,826 | -13.2% |
| Profit (loss) for the period | 9904 | €88,138 | €108,348 | +€20,210 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,138 | €108,348 | +€20,210 | +22.9% |
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.