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
- Stocks and contracts -€195,000
down €195,000 (-48.0%), from €405,932 to €210,932
- Cash -€7,002
down €7,002 (-75.3%), from €9,299 to €2,297
mainly Short-term financial debts (-€202,588) and Other debts (-€22,934)
- Receivables within one year +€4,879
up €4,879 (+274,084%), from €2 to €4,880
of which Trade receivables: +€3,524
- Short-term financial debts -€202,588
down €202,588 (-81.3%), from €249,060 to €46,472
- Profit (loss) carried forward +€28,981
up €28,981, from -€18,666 to €10,316
- Other debts -€22,934
down €22,934 (-13.3%), from €172,829 to €149,895
- Financial charges -€18,096
down €18,096 (-92.0%), from €19,668 to €1,572
- Gross operating margin +€17,089
up €17,089 (+63.6%), from €26,884 to €43,973
- Other operating charges +€11,266
up €11,266 (+3,755%), from €300 to €11,566
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 | €415,233 | €218,110 | -€197,123 | -47.5% |
| Current assets | 29/58 | €415,233 | €218,110 | -€197,123 | -47.5% |
| Stocks and contracts in progress | 3 | €405,932 | €210,932 | -€195,000 | -48.0% |
| Stocks | 30/36 | €405,932 | €210,932 | -€195,000 | -48.0% |
| Amounts receivable within one year | 40/41 | €2 | €4,880 | +€4,879 | +274,084% |
| Trade receivables | 40 | - | €3,524 | +€3,524 | |
| Other amounts receivable | 41 | €2 | €1,357 | +€1,355 | +76,113% |
| Cash at bank and in hand | 54/58 | €9,299 | €2,297 | -€7,002 | -75.3% |
| Total equity and liabilities | 10/49 | €415,233 | €218,110 | -€197,123 | -47.5% |
| Equity | 10/15 | -€10,666 | €18,316 | +€28,981 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,666 | €10,316 | +€28,981 | |
| Amounts payable | 17/49 | €425,898 | €199,794 | -€226,104 | -53.1% |
| Amounts payable within one year | 42/48 | €425,898 | €199,794 | -€226,104 | -53.1% |
| Financial debts | 43 | €249,060 | €46,472 | -€202,588 | -81.3% |
| Credit institutions | 430/8 | €249,060 | €46,472 | -€202,588 | -81.3% |
| Trade debts | 44 | €2,436 | €0 | -€2,436 | -100% |
| Suppliers | 440/4 | €2,436 | €0 | -€2,436 | -100% |
| Taxes, remuneration and social security | 45 | €1,573 | €3,427 | +€1,854 | +118% |
| Taxes | 450/3 | €1,573 | €3,427 | +€1,854 | +118% |
| Other amounts payable | 47/48 | €172,829 | €149,895 | -€22,934 | -13.3% |
| Other operating charges | 640/8 | €300 | €11,566 | +€11,266 | +3,755% |
| Gross operating margin | 9900 | €26,884 | €43,973 | +€17,089 | +63.6% |
| Operating profit (loss) | 9901 | €26,584 | €32,407 | +€5,823 | +21.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -25.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -25.0% |
| Financial charges | 65/66B | €19,668 | €1,572 | -€18,096 | -92.0% |
| Recurring financial charges | 65 | €19,668 | €1,572 | -€18,096 | -92.0% |
| Profit (loss) for the period before taxes | 9903 | €6,916 | €30,835 | +€23,919 | +346% |
| Income taxes | 67/77 | €1,573 | €1,854 | +€281 | +17.9% |
| Profit (loss) for the period | 9904 | €5,343 | €28,981 | +€23,638 | +442% |
| Profit (loss) for the period to be appropriated | 9905 | €5,343 | €28,981 | +€23,638 | +442% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.