PRACOFUN: 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.
PRACOFUN
Largest movements
- Current investments +€1.2m
up €1.2m, from €0 to €1.2m
- Financial fixed assets -€557,845
down €557,845 (-12.6%), from €4.4m to €3.9m
- Receivables within one year -€493,175
down €493,175 (-27.0%), from €1.8m to €1.3m
- Cash -€195,317
down €195,317 (-83.8%), from €233,161 to €37,845
mainly Current investments (-€1.2m) and Tax, wage and social debts (-€14,393)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€500,238
up €500,238 (+756218.3%), from €66 to €500,305
of which Non-recurring financial charges: +€500,000
- Financial income +€484,248
up €484,248 (+846.1%), from €57,233 to €541,481
- Taxes +€2,845
up €2,845 (+19.8%), from €14,393 to €17,239
- Gross operating margin +€1,887
up €1,887 (+95.6%), from -€1,975 to -€88
- Other operating charges +€35
up €35 (+2.7%), from €1,258 to €1,293
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 | €6,471,089 | €6,465,933 | -€5,155 | -0.1% |
| Fixed assets | 21/28 | €4,411,443 | €3,853,598 | -€557,845 | -12.6% |
| Financial fixed assets | 28 | €4,411,443 | €3,853,598 | -€557,845 | -12.6% |
| Current assets | 29/58 | €2,059,646 | €2,612,336 | +€552,690 | +26.8% |
| Amounts receivable within one year | 40/41 | €1,826,485 | €1,333,310 | -€493,175 | -27.0% |
| Other amounts receivable | 41 | €1,826,485 | €1,333,310 | -€493,175 | -27.0% |
| Current investments | 50/53 | €0 | €1,241,181 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €233,161 | €37,845 | -€195,317 | -83.8% |
| Total equity and liabilities | 10/49 | €6,471,089 | €6,465,933 | -€5,155 | -0.1% |
| Equity | 10/15 | €6,430,056 | €6,452,614 | +€22,557 | +0.4% |
| Contributions | 10/11 | €3,430,000 | €3,430,000 | = | 0.0% |
| Reserves | 13 | €3,000,056 | €3,000,056 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,000,056 | €3,000,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €22,557 | +€22,557 | |
| Amounts payable | 17/49 | €41,032 | €13,319 | -€27,713 | -67.5% |
| Amounts payable within one year | 42/48 | €41,032 | €13,319 | -€27,713 | -67.5% |
| Trade debts | 44 | €26,639 | €13,319 | -€13,319 | -50.0% |
| Suppliers | 440/4 | €26,639 | €13,319 | -€13,319 | -50.0% |
| Taxes, remuneration and social security | 45 | €14,393 | €0 | -€14,393 | -100.0% |
| Taxes | 450/3 | €14,393 | €0 | -€14,393 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €1,258 | €1,293 | +€35 | +2.7% |
| Gross operating margin | 9900 | -€1,975 | -€88 | +€1,887 | +95.6% |
| Operating profit (loss) | 9901 | -€3,233 | -€1,380 | +€1,853 | +57.3% |
| Financial income | 75/76B | €57,233 | €541,481 | +€484,248 | +846.1% |
| Recurring financial income | 75 | €57,233 | €541,481 | +€484,248 | +846.1% |
| Financial charges | 65/66B | €66 | €500,305 | +€500,238 | +756218.3% |
| Recurring financial charges | 65 | €66 | €305 | +€238 | +360.4% |
| Non-recurring financial charges | 66B | - | €500,000 | +€500,000 | |
| Profit (loss) for the period before taxes | 9903 | €53,933 | €39,796 | -€14,137 | -26.2% |
| Income taxes | 67/77 | €14,393 | €17,239 | +€2,845 | +19.8% |
| Profit (loss) for the period | 9904 | €39,540 | €22,557 | -€16,982 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,540 | €22,557 | -€16,982 | -43.0% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.