PRACSIS: 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.
PRACSIS
Largest movements
- Receivables within one year -€500,122
down €500,122 (-30.0%), from €1.7m to €1.2m
of which Trade receivables: -€466,379
- Financial fixed assets +€45,870
new in 2025: €45,870
- Cash +€34,787
up €34,787 (+6.0%), from €577,981 to €612,768
mainly Net result for the year (+€771,521) and Receivables within one year (+€500,122)
- Accrued charges and deferred income -€1.6m
no longer reported in 2025 (was €1.6m)
- Profit (loss) carried forward +€721,521
up €721,521 (+103.3%), from €698,342 to €1.4m
- Current portion of long-term debt +€200,000
new in 2025: €200,000
- Trade debts +€98,218
up €98,218 (+74.1%), from €132,614 to €230,832
- Reserves +€50,000
up €50,000 (+2688.2%), from €1,860 to €51,860
of which Distributable reserves: +€50,000
- Gross operating margin +€537,186
up €537,186 (+47.5%), from €1.1m to €1.7m
- Staff costs -€153,458
down €153,458 (-16.3%), from €940,383 to €786,925
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 | €2,468,147 | €2,025,353 | -€442,794 | -17.9% |
| Fixed assets | 21/28 | €220,726 | €243,054 | +€22,328 | +10.1% |
| Tangible fixed assets | 22/27 | €220,726 | €197,184 | -€23,542 | -10.7% |
| Land and buildings | 22 | €178,739 | €165,972 | -€12,767 | -7.1% |
| Plant, machinery and equipment | 23 | €6,664 | €7,207 | +€543 | +8.1% |
| Furniture and vehicles | 24 | €16,053 | €12,945 | -€3,108 | -19.4% |
| Other tangible fixed assets | 26 | €19,270 | €11,060 | -€8,210 | -42.6% |
| Financial fixed assets | 28 | - | €45,870 | +€45,870 | |
| Current assets | 29/58 | €2,247,421 | €1,782,299 | -€465,122 | -20.7% |
| Amounts receivable within one year | 40/41 | €1,669,440 | €1,169,318 | -€500,122 | -30.0% |
| Trade receivables | 40 | €1,468,303 | €1,001,924 | -€466,379 | -31.8% |
| Other amounts receivable | 41 | €201,137 | €167,394 | -€33,743 | -16.8% |
| Cash at bank and in hand | 54/58 | €577,981 | €612,768 | +€34,787 | +6.0% |
| Deferred charges and accrued income | 490/1 | - | €213 | +€213 | |
| Total equity and liabilities | 10/49 | €2,468,147 | €2,025,353 | -€442,794 | -17.9% |
| Equity | 10/15 | €718,802 | €1,490,323 | +€771,521 | +107.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €51,860 | +€50,000 | +2688.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €698,342 | €1,419,863 | +€721,521 | +103.3% |
| Amounts payable | 17/49 | €1,749,345 | €535,030 | -€1.2m | -69.4% |
| Amounts payable within one year | 42/48 | €197,194 | €535,030 | +€337,836 | +171.3% |
| Current portion of amounts payable after more than one year | 42 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €132,614 | €230,832 | +€98,218 | +74.1% |
| Suppliers | 440/4 | €132,614 | €230,832 | +€98,218 | +74.1% |
| Taxes, remuneration and social security | 45 | €64,580 | €104,198 | +€39,618 | +61.3% |
| Taxes | 450/3 | - | €104,198 | +€104,198 | |
| Remuneration and social security | 454/9 | €64,580 | - | -€64,580 | |
| Accrued charges and deferred income | 492/3 | €1,552,151 | - | -€1.6m | |
| Remuneration, social security and pensions | 62 | €940,383 | €786,925 | -€153,458 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,171 | €39,439 | -€2,732 | -6.5% |
| Other operating charges | 640/8 | €27,351 | €25,356 | -€1,995 | -7.3% |
| Gross operating margin | 9900 | €1,131,962 | €1,669,148 | +€537,186 | +47.5% |
| Operating profit (loss) | 9901 | €122,057 | €817,428 | +€695,371 | +569.7% |
| Financial income | 75/76B | €966 | €4,958 | +€3,992 | +413.3% |
| Recurring financial income | 75 | €966 | €4,958 | +€3,992 | +413.3% |
| Financial charges | 65/66B | €38,094 | €24,232 | -€13,862 | -36.4% |
| Recurring financial charges | 65 | €38,094 | €24,232 | -€13,862 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €84,929 | €798,154 | +€713,225 | +839.8% |
| Income taxes | 67/77 | €12,637 | €26,633 | +€13,996 | +110.8% |
| Profit (loss) for the period | 9904 | €72,292 | €771,521 | +€699,229 | +967.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,292 | €771,521 | +€699,229 | +967.2% |
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 10 October 2026 via checked.be.