PRADO: what changed
What changed
PRADO
NACE 38.110, Waste collection, recovery and disposal activities
filed annual accounts (NBB)
Net result for the year
€183,648
2024 · €94,634+€89,014
Equity
€2.0m
2024 · €1.9m+€172,469
Cash
€660,824
2024 · €68,069+€592,755
Balance sheet total
€2.1m
2024 · €2.1m+€47,549
Largest movements
Assets
- Cash +€592,755
up €592,755 (+871%), from €68,069 to €660,824
mainly Current investments (+€300,000) and Receivables within one year (+€213,968)
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Receivables within one year -€213,968
down €213,968 (-48.5%), from €441,224 to €227,256
of which Trade receivables: -€235,788
- Tangible fixed assets -€49,931
down €49,931 (-4.2%), from €1.2m to €1.2m
of which Land and buildings: -€73,077
Equity and liabilities
- Profit (loss) carried forward +€183,647
up €183,647 (+27.0%), from €681,012 to €864,659
- Trade debts -€127,674
down €127,674 (-66.4%), from €192,164 to €64,490
Income statement
- Gross operating margin +€112,002
up €112,002 (+24.7%), from €453,743 to €565,745
- Taxes +€29,754
up €29,754 (+104%), from €28,501 to €58,255
- Staff costs -€23,467
down €23,467 (-20.6%), from €114,009 to €90,542
- Other operating charges +€11,531
up €11,531 (+9.0%), from €128,103 to €139,634
- Depreciation +€6,178
up €6,178 (+5.6%), from €109,897 to €116,075
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€94,634
Gross operating margin
+€112,002
Staff costs
+€23,467
Depreciation
-€6,178
Other operating charges
-€11,531
Other operating items
-€1
Financial income
+€560
Financial charges
+€450
Taxes
-€29,754
Result 2025
€183,648
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€370,077
Investment
+€233,855
Financing
-€11,178
Cash 2024
€68,069
From operations (derived)
+€370,077
Net result for the year
+€183,648
Depreciation
+€116,075
Receivables within one year
+€213,968
Deferred charges and accrued income
-€18,693
Trade debts
-€127,674
Tax, wage and social debts
+€2,442
Smaller working-capital items
+€312
Investment (derived)
+€233,855
Investment in fixed assets (net)
-€66,145
Current investments
+€300,000
Financing
-€11,178
Contributions, distributions and other
-€11,178
Cash 2025
€660,824
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,054,435 | €2,101,984 | +€47,549 | +2.3% |
| Fixed assets | 21/28 | €1,236,254 | €1,186,323 | -€49,931 | -4.0% |
| Tangible fixed assets | 22/27 | €1,199,934 | €1,150,003 | -€49,931 | -4.2% |
| Land and buildings | 22 | €1,027,924 | €954,847 | -€73,077 | -7.1% |
| Plant, machinery and equipment | 23 | €80,638 | €74,113 | -€6,525 | -8.1% |
| Furniture and vehicles | 24 | €91,371 | €121,044 | +€29,673 | +32.5% |
| Financial fixed assets | 28 | €36,320 | €36,320 | = | 0.0% |
| Current assets | 29/58 | €818,181 | €915,661 | +€97,480 | +11.9% |
| Amounts receivable within one year | 40/41 | €441,224 | €227,256 | -€213,968 | -48.5% |
| Trade receivables | 40 | €429,919 | €194,131 | -€235,788 | -54.8% |
| Other amounts receivable | 41 | €11,305 | €33,126 | +€21,821 | +193% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €68,069 | €660,824 | +€592,755 | +871% |
| Deferred charges and accrued income | 490/1 | €8,888 | €27,581 | +€18,693 | +210% |
| Total equity and liabilities | 10/49 | €2,054,435 | €2,101,984 | +€47,549 | +2.3% |
| Equity | 10/15 | €1,856,403 | €2,028,872 | +€172,469 | +9.3% |
| Contributions | 10/11 | €1,011,451 | €1,011,451 | +€0 | 0.0% |
| Reserves | 13 | €102,704 | €102,704 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €3,326 | €3,326 | +€0 | 0.0% |
| Distributable reserves | 133 | €99,378 | €99,378 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €681,012 | €864,659 | +€183,647 | +27.0% |
| Investment grants | 15 | €61,236 | €50,058 | -€11,178 | -18.3% |
| Amounts payable | 17/49 | €198,032 | €73,112 | -€124,920 | -63.1% |
| Amounts payable within one year | 42/48 | €197,961 | €73,088 | -€124,873 | -63.1% |
| Trade debts | 44 | €192,164 | €64,490 | -€127,674 | -66.4% |
| Suppliers | 440/4 | €192,164 | €64,490 | -€127,674 | -66.4% |
| Taxes, remuneration and social security | 45 | €4,827 | €7,269 | +€2,442 | +50.6% |
| Taxes | 450/3 | €236 | €224 | -€12 | -5.1% |
| Remuneration and social security | 454/9 | €4,591 | €7,045 | +€2,454 | +53.4% |
| Other amounts payable | 47/48 | €969 | €1,329 | +€360 | +37.2% |
| Accrued charges and deferred income | 492/3 | €72 | €24 | -€48 | -66.8% |
| Non-recurring operating income | 76A | - | €110,000 | +€110,000 | |
| Remuneration, social security and pensions | 62 | €114,009 | €90,542 | -€23,467 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,897 | €116,075 | +€6,178 | +5.6% |
| Other operating charges | 640/8 | €128,103 | €139,634 | +€11,531 | +9.0% |
| Gross operating margin | 9900 | €453,743 | €565,745 | +€112,002 | +24.7% |
| Operating profit (loss) | 9901 | €101,735 | €219,493 | +€117,758 | +116% |
| Financial income | 75/76B | €22,217 | €22,777 | +€560 | +2.5% |
| Recurring financial income | 75 | €22,217 | €22,777 | +€560 | +2.5% |
| Financial charges | 65/66B | €817 | €367 | -€450 | -55.0% |
| Recurring financial charges | 65 | €817 | €367 | -€450 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €123,135 | €241,903 | +€118,768 | +96.5% |
| Income taxes | 67/77 | €28,501 | €58,255 | +€29,754 | +104% |
| Profit (loss) for the period | 9904 | €94,634 | €183,648 | +€89,014 | +94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,634 | €183,648 | +€89,014 | +94.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.