PRADO: 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.
PRADO
Largest movements
- Tangible fixed assets -€36,044
down €36,044 (-3.7%), from €970,058 to €934,014
- Debts after one year -€25,941
down €25,941 (-3.8%), from €682,085 to €656,144
of which Financial debts: -€25,941
- Reserves -€23,608
down €23,608 (-7.6%), from €311,478 to €287,870
of which Distributable reserves: -€23,608
- Financial charges +€4,050
up €4,050 (+13.4%), from €30,167 to €34,218
- Gross operating margin -€3,365
down €3,365 (-5.5%), from €61,555 to €58,191
- Depreciation +€3,074
up €3,074 (+8.1%), from €38,044 to €41,118
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 | €1,152,747 | €1,104,402 | -€48,345 | -4.2% |
| Fixed assets | 21/28 | €970,058 | €934,014 | -€36,044 | -3.7% |
| Tangible fixed assets | 22/27 | €970,058 | €934,014 | -€36,044 | -3.7% |
| Land and buildings | 22 | €970,058 | €934,014 | -€36,044 | -3.7% |
| Current assets | 29/58 | €182,689 | €170,388 | -€12,301 | -6.7% |
| Amounts receivable within one year | 40/41 | - | €7,223 | +€7,223 | |
| Trade receivables | 40 | - | €7,223 | +€7,223 | |
| Cash at bank and in hand | 54/58 | €169,969 | €161,241 | -€8,728 | -5.1% |
| Deferred charges and accrued income | 490/1 | €12,720 | €1,924 | -€10,796 | -84.9% |
| Total equity and liabilities | 10/49 | €1,152,747 | €1,104,402 | -€48,345 | -4.2% |
| Equity | 10/15 | €335,430 | €311,822 | -€23,608 | -7.0% |
| Contributions | 10/11 | €23,952 | €23,952 | = | 0.0% |
| Reserves | 13 | €311,478 | €287,870 | -€23,608 | -7.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €311,478 | €287,870 | -€23,608 | -7.6% |
| Amounts payable | 17/49 | €817,317 | €792,580 | -€24,737 | -3.0% |
| Amounts payable after more than one year | 17 | €682,085 | €656,144 | -€25,941 | -3.8% |
| Financial debts | 170/4 | €214,100 | €188,159 | -€25,941 | -12.1% |
| Other amounts payable | 178/9 | €467,985 | €467,985 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,609 | €106,897 | -€3,712 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €21,089 | €23,985 | +€2,896 | +13.7% |
| Trade debts | 44 | €6,088 | €2,035 | -€4,053 | -66.6% |
| Suppliers | 440/4 | €6,088 | €2,035 | -€4,053 | -66.6% |
| Other amounts payable | 47/48 | €83,432 | €80,877 | -€2,555 | -3.1% |
| Accrued charges and deferred income | 492/3 | €24,624 | €29,539 | +€4,916 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,044 | €41,118 | +€3,074 | +8.1% |
| Other operating charges | 640/8 | €6,268 | €6,463 | +€195 | +3.1% |
| Gross operating margin | 9900 | €61,555 | €58,191 | -€3,365 | -5.5% |
| Operating profit (loss) | 9901 | €17,243 | €10,610 | -€6,634 | -38.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €30,167 | €34,218 | +€4,050 | +13.4% |
| Recurring financial charges | 65 | €30,167 | €34,218 | +€4,050 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,924 | -€23,608 | -€10,684 | -82.7% |
| Profit (loss) for the period | 9904 | -€12,924 | -€23,608 | -€10,684 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,924 | -€23,608 | -€10,684 | -82.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.