PRADHAN: what changed
Two fiscal 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.
PRADHAN
Largest movements
- Receivables within one year -€66,480
down €66,480 (-25.6%), from €259,580 to €193,099
of which Trade receivables: -€50,098
- Cash +€23,780
up €23,780 (+31.9%), from €74,483 to €98,263
mainly Receivables within one year (+€66,480) and Net result for the year (+€52,118)
- Tangible fixed assets -€7,653
down €7,653 (-18.2%), from €41,937 to €34,285
of which Land and buildings: -€4,415
- Tax, wage and social debts -€72,970
down €72,970 (-42.8%), from €170,458 to €97,488
of which Remuneration and social security: -€47,549
- Reserves +€52,118
up €52,118 (+51.1%), from €102,012 to €154,130
of which Distributable reserves: +€52,118
- Trade debts -€29,353
down €29,353 (-29.0%), from €101,152 to €71,799
- Staff costs -€24,282
down €24,282 (-6.7%), from €362,412 to €338,131
- Gross operating margin +€10,321
up €10,321 (+2.4%), from €422,638 to €432,959
- Taxes +€7,397
up €7,397 (+60.4%), from €12,246 to €19,643
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.
Cash bridge derived
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 | €398,219 | €346,713 | -€51,505 | -12.9% |
| Fixed assets | 21/28 | €60,815 | €52,237 | -€8,578 | -14.1% |
| Intangible fixed assets | 21 | €1,528 | €602 | -€926 | -60.6% |
| Tangible fixed assets | 22/27 | €41,937 | €34,285 | -€7,653 | -18.2% |
| Land and buildings | 22 | €15,240 | €10,825 | -€4,415 | -29.0% |
| Plant, machinery and equipment | 23 | €13,867 | €11,161 | -€2,706 | -19.5% |
| Furniture and vehicles | 24 | €12,831 | €12,298 | -€532 | -4.1% |
| Financial fixed assets | 28 | €17,350 | €17,350 | = | 0.0% |
| Current assets | 29/58 | €337,404 | €294,477 | -€42,927 | -12.7% |
| Stocks and contracts in progress | 3 | €3,341 | €2,384 | -€957 | -28.6% |
| Stocks | 30/36 | €3,341 | €2,384 | -€957 | -28.6% |
| Amounts receivable within one year | 40/41 | €259,580 | €193,099 | -€66,480 | -25.6% |
| Trade receivables | 40 | €65,710 | €15,612 | -€50,098 | -76.2% |
| Other amounts receivable | 41 | €193,870 | €177,488 | -€16,382 | -8.5% |
| Cash at bank and in hand | 54/58 | €74,483 | €98,263 | +€23,780 | +31.9% |
| Deferred charges and accrued income | 490/1 | - | €730 | +€730 | |
| Total equity and liabilities | 10/49 | €398,219 | €346,713 | -€51,505 | -12.9% |
| Equity | 10/15 | €120,562 | €172,680 | +€52,118 | +43.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €102,012 | €154,130 | +€52,118 | +51.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €100,157 | €152,275 | +€52,118 | +52.0% |
| Amounts payable | 17/49 | €277,657 | €174,034 | -€103,623 | -37.3% |
| Amounts payable after more than one year | 17 | €4,746 | €3,336 | -€1,411 | -29.7% |
| Financial debts | 170/4 | €4,746 | €3,336 | -€1,411 | -29.7% |
| Amounts payable within one year | 42/48 | €272,911 | €170,698 | -€102,212 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €1,300 | €1,411 | +€110 | +8.5% |
| Trade debts | 44 | €101,152 | €71,799 | -€29,353 | -29.0% |
| Suppliers | 440/4 | €101,152 | €71,799 | -€29,353 | -29.0% |
| Taxes, remuneration and social security | 45 | €170,458 | €97,488 | -€72,970 | -42.8% |
| Taxes | 450/3 | €70,024 | €44,603 | -€25,421 | -36.3% |
| Remuneration and social security | 454/9 | €100,434 | €52,885 | -€47,549 | -47.3% |
| Remuneration, social security and pensions | 62 | €362,412 | €338,131 | -€24,282 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,261 | €14,226 | +€965 | +7.3% |
| Other operating charges | 640/8 | €6,401 | €4,248 | -€2,152 | -33.6% |
| Gross operating margin | 9900 | €422,638 | €432,959 | +€10,321 | +2.4% |
| Operating profit (loss) | 9901 | €40,565 | €76,355 | +€35,790 | +88.2% |
| Financial income | 75/76B | €381 | €398 | +€17 | +4.5% |
| Recurring financial income | 75 | €381 | €398 | +€17 | +4.5% |
| Financial charges | 65/66B | €4,302 | €4,992 | +€691 | +16.1% |
| Recurring financial charges | 65 | €4,302 | €4,992 | +€691 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €36,644 | €71,761 | +€35,116 | +95.8% |
| Income taxes | 67/77 | €12,246 | €19,643 | +€7,397 | +60.4% |
| Profit (loss) for the period | 9904 | €24,399 | €52,118 | +€27,719 | +113.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,399 | €52,118 | +€27,719 | +113.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.