PRAEDIUM: 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.
PRAEDIUM
Largest movements
- Cash -€33,551
down €33,551 (-16.3%), from €205,616 to €172,064
mainly Other debts (-€19,558) and Trade debts (-€10,035)
- Receivables within one year -€6,500
down €6,500 (-81.2%), from €8,001 to €1,501
of which Trade receivables: -€8,000
- Other debts -€19,558
down €19,558 (-86.4%), from €22,625 to €3,067
- Trade debts -€10,035
down €10,035 (-86.0%), from €11,669 to €1,635
- Accrued charges and deferred income -€9,551
down €9,551 (-92.6%), from €10,313 to €762
- Financial income -€10,113
down €10,113 (-100.0%), from €10,115 to €3
of which Non-recurring financial income: -€10,113
- Write-downs +€8,000
new in 2025: €8,000
- Gross operating margin +€3,377
up €3,377 (+36.2%), from €9,335 to €12,713
- Purchases and services -€1,627
down €1,627 (-21.2%), from €7,665 to €6,037
- Financial charges +€543
up €543 (+28.0%), from €1,935 to €2,477
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.
Derived cash bridge
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 | €213,616 | €174,130 | -€39,486 | -18.5% |
| Fixed assets | 21/28 | - | €565 | +€565 | |
| Tangible fixed assets | 22/27 | - | €565 | +€565 | |
| Furniture and vehicles | 24 | - | €565 | +€565 | |
| Current assets | 29/58 | €213,616 | €173,566 | -€40,051 | -18.7% |
| Amounts receivable within one year | 40/41 | €8,001 | €1,501 | -€6,500 | -81.2% |
| Trade receivables | 40 | €8,000 | - | -€8,000 | |
| Other amounts receivable | 41 | €1 | €1,501 | +€1,500 | +202,762% |
| Cash at bank and in hand | 54/58 | €205,616 | €172,064 | -€33,551 | -16.3% |
| Total equity and liabilities | 10/49 | €213,616 | €174,130 | -€39,486 | -18.5% |
| Equity | 10/15 | €169,009 | €168,531 | -€477 | -0.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,009 | €36,531 | -€477 | -1.3% |
| Amounts payable | 17/49 | €44,608 | €5,599 | -€39,009 | -87.4% |
| Amounts payable within one year | 42/48 | €34,295 | €4,837 | -€29,458 | -85.9% |
| Trade debts | 44 | €11,669 | €1,635 | -€10,035 | -86.0% |
| Suppliers | 440/4 | €11,669 | €1,635 | -€10,035 | -86.0% |
| Taxes, remuneration and social security | 45 | - | €134 | +€134 | |
| Taxes | 450/3 | - | €134 | +€134 | |
| Other amounts payable | 47/48 | €22,625 | €3,067 | -€19,558 | -86.4% |
| Accrued charges and deferred income | 492/3 | €10,313 | €762 | -€9,551 | -92.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,665 | €6,037 | -€1,627 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €214 | +€214 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,000 | +€8,000 | |
| Other operating charges | 640/8 | €1,736 | €1,635 | -€101 | -5.8% |
| Non-recurring operating charges | 66A | €13,358 | - | -€13,358 | |
| Gross operating margin | 9900 | €9,335 | €12,713 | +€3,377 | +36.2% |
| Operating profit (loss) | 9901 | -€5,758 | €2,864 | +€8,622 | |
| Financial income | 75/76B | €10,115 | €3 | -€10,113 | -100.0% |
| Recurring financial income | 75 | €2 | €3 | +€0 | +11.8% |
| Non-recurring financial income | 76B | €10,113 | - | -€10,113 | |
| Financial charges | 65/66B | €1,935 | €2,477 | +€543 | +28.0% |
| Recurring financial charges | 65 | €1,935 | €2,477 | +€543 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €2,422 | €389 | -€2,033 | -83.9% |
| Transfer to deferred taxes | 680 | - | €733 | +€733 | |
| Income taxes | 67/77 | - | €133 | +€133 | |
| Profit (loss) for the period | 9904 | €2,422 | -€477 | -€2,899 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,422 | -€477 | -€2,899 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.