PRAESENS DEVELOPMENT: 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.
PRAESENS DEVELOPMENT
Largest movements
- Stocks and contracts +€379,502
up €379,502 (+37.0%), from €1.0m to €1.4m
- Receivables within one year -€146,662
down €146,662 (-66.8%), from €219,422 to €72,760
of which Trade receivables: -€148,195
- Deferred charges and accrued income +€102,701
up €102,701 (+66.0%), from €155,561 to €258,262
- Cash -€25,648
down €25,648 (-64.5%), from €39,751 to €14,103
mainly Stocks and contracts (-€379,502) and Trade debts (-€132,734)
- Accrued charges and deferred income +€459,281
up €459,281 (+45.1%), from €1.0m to €1.5m
- Trade debts -€132,734
down €132,734 (-26.7%), from €496,355 to €363,621
- Gross operating margin +€101,145
up €101,145 (+87.4%), from -€115,742 to -€14,597
- Other operating charges +€1,444
up €1,444 (+328.3%), from €440 to €1,884
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 | €1,444,012 | €1,753,157 | +€309,144 | +21.4% |
| Fixed assets | 21/28 | €2,897 | €2,148 | -€749 | -25.9% |
| Tangible fixed assets | 22/27 | €1,157 | €408 | -€749 | -64.7% |
| Furniture and vehicles | 24 | €1,157 | €408 | -€749 | -64.7% |
| Financial fixed assets | 28 | €1,740 | €1,740 | = | 0.0% |
| Current assets | 29/58 | €1,441,115 | €1,751,008 | +€309,893 | +21.5% |
| Stocks and contracts in progress | 3 | €1,026,382 | €1,405,883 | +€379,502 | +37.0% |
| Contracts in progress | 37 | €1,026,382 | €1,405,883 | +€379,502 | +37.0% |
| Amounts receivable within one year | 40/41 | €219,422 | €72,760 | -€146,662 | -66.8% |
| Trade receivables | 40 | €148,195 | - | -€148,195 | |
| Other amounts receivable | 41 | €71,227 | €72,760 | +€1,533 | +2.2% |
| Cash at bank and in hand | 54/58 | €39,751 | €14,103 | -€25,648 | -64.5% |
| Deferred charges and accrued income | 490/1 | €155,561 | €258,262 | +€102,701 | +66.0% |
| Total equity and liabilities | 10/49 | €1,444,012 | €1,753,157 | +€309,144 | +21.4% |
| Equity | 10/15 | -€70,905 | -€88,308 | -€17,403 | -24.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,405 | -€149,808 | -€17,403 | -13.1% |
| Amounts payable | 17/49 | €1,514,918 | €1,841,465 | +€326,547 | +21.6% |
| Amounts payable within one year | 42/48 | €496,355 | €363,621 | -€132,734 | -26.7% |
| Trade debts | 44 | €496,355 | €363,621 | -€132,734 | -26.7% |
| Suppliers | 440/4 | €496,355 | €363,621 | -€132,734 | -26.7% |
| Accrued charges and deferred income | 492/3 | €1,018,563 | €1,477,844 | +€459,281 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €749 | €749 | = | 0.0% |
| Other operating charges | 640/8 | €440 | €1,884 | +€1,444 | +328.3% |
| Gross operating margin | 9900 | -€115,742 | -€14,597 | +€101,145 | +87.4% |
| Operating profit (loss) | 9901 | -€116,931 | -€17,230 | +€99,701 | +85.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €135 | €172 | +€37 | +27.7% |
| Recurring financial charges | 65 | €135 | €172 | +€37 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | -€117,066 | -€17,403 | +€99,663 | +85.1% |
| Profit (loss) for the period | 9904 | -€117,066 | -€17,403 | +€99,663 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€117,066 | -€17,403 | +€99,663 | +85.1% |
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 2 October 2026 via checked.be.