PRAECIPITEM: 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.
PRAECIPITEM
Largest movements
- Receivables within one year -€27,556
down €27,556 (-21.3%), from €129,382 to €101,826
of which Trade receivables: -€37,383
- Profit (loss) carried forward -€56,419
down €56,419, from €0 to -€56,419
- Other debts +€37,239
up €37,239 (+18.5%), from €201,075 to €238,314
- Tax, wage and social debts -€10,031
down €10,031 (-100.0%), from €10,031 to €0
of which Taxes: -€6,471
- Accrued charges and deferred income +€7,562
up €7,562 (+178.4%), from €4,238 to €11,800
- Current portion of long-term debt -€5,461
down €5,461 (-100.0%), from €5,461 to €0
- Gross operating margin -€106,657
down €106,657 (-47.5%), from €224,314 to €117,657
- Financial charges +€68,458
up €68,458 (+74.0%), from €92,533 to €160,991
- Taxes -€26,818
down €26,818 (-96.7%), from €27,732 to €914
- Depreciation -€5,055
down €5,055 (-30.7%), from €16,450 to €11,395
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 | €264,545 | €233,212 | -€31,334 | -11.8% |
| Fixed assets | 21/28 | €10,976 | €10,560 | -€417 | -3.8% |
| Tangible fixed assets | 22/27 | €10,976 | €10,560 | -€417 | -3.8% |
| Furniture and vehicles | 24 | €10,976 | €10,560 | -€417 | -3.8% |
| Current assets | 29/58 | €253,569 | €222,652 | -€30,917 | -12.2% |
| Amounts receivable within one year | 40/41 | €129,382 | €101,826 | -€27,556 | -21.3% |
| Trade receivables | 40 | €64,460 | €27,078 | -€37,383 | -58.0% |
| Other amounts receivable | 41 | €64,922 | €74,749 | +€9,827 | +15.1% |
| Cash at bank and in hand | 54/58 | €120,636 | €118,157 | -€2,478 | -2.1% |
| Deferred charges and accrued income | 490/1 | €3,551 | €2,668 | -€883 | -24.9% |
| Total equity and liabilities | 10/49 | €264,545 | €233,212 | -€31,334 | -11.8% |
| Equity | 10/15 | €39,501 | -€16,918 | -€56,419 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,901 | €20,901 | = | 0.0% |
| Distributable reserves | 133 | €20,901 | €20,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€56,419 | -€56,419 | |
| Amounts payable | 17/49 | €225,045 | €250,129 | +€25,085 | +11.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €220,806 | €238,329 | +€17,523 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €5,461 | €0 | -€5,461 | -100.0% |
| Trade debts | 44 | €4,240 | €15 | -€4,225 | -99.6% |
| Suppliers | 440/4 | €4,240 | €15 | -€4,225 | -99.6% |
| Taxes, remuneration and social security | 45 | €10,031 | €0 | -€10,031 | -100.0% |
| Taxes | 450/3 | €6,471 | €0 | -€6,471 | -100.0% |
| Remuneration and social security | 454/9 | €3,560 | €0 | -€3,560 | -100.0% |
| Other amounts payable | 47/48 | €201,075 | €238,314 | +€37,239 | +18.5% |
| Accrued charges and deferred income | 492/3 | €4,238 | €11,800 | +€7,562 | +178.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,450 | €11,395 | -€5,055 | -30.7% |
| Other operating charges | 640/8 | €3,123 | €1,975 | -€1,148 | -36.7% |
| Gross operating margin | 9900 | €224,314 | €117,657 | -€106,657 | -47.5% |
| Operating profit (loss) | 9901 | €204,742 | €104,287 | -€100,455 | -49.1% |
| Financial income | 75/76B | €1,120 | €1,200 | +€80 | +7.1% |
| Recurring financial income | 75 | €1,120 | €1,200 | +€80 | +7.1% |
| Financial charges | 65/66B | €92,533 | €160,991 | +€68,458 | +74.0% |
| Recurring financial charges | 65 | €92,533 | €160,991 | +€68,458 | +74.0% |
| Profit (loss) for the period before taxes | 9903 | €113,329 | -€55,504 | -€168,833 | |
| Income taxes | 67/77 | €27,732 | €914 | -€26,818 | -96.7% |
| Profit (loss) for the period | 9904 | €85,597 | -€56,419 | -€142,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,597 | -€56,419 | -€142,015 |
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.