PRAESIDIUM: 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.
What changed
PRAESIDIUM
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€307,077
2024 · -€373,501+€66,424
Equity
€16.5m
2024 · €16.8m-€307,077
Cash
€425
2024 · €137+€289
Balance sheet total
€23.1m
2024 · €23.5m-€477,687
Largest movements
Assets
- Receivables within one year -€318,780
down €318,780 (-13.4%), from €2.4m to €2.1m
of which Trade receivables: -€1.2m
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-31.3%), from €3.5m to €2.4m
of which Other amounts payable: -€999,440
- Current portion of long-term debt +€731,954
up €731,954 (+302%), from €242,258 to €974,213
- Reserves -€307,077
down €307,077 (-9.6%), from €3.2m to €2.9m
of which Distributable reserves: -€307,077
Income statement
- Taxes -€1.2m
down €1.2m (-100.0%), from €1.2m to €432
- Gross operating margin -€1.2m
down €1.2m (-78.4%), from €1.5m to €317,773
- Depreciation -€83,968
down €83,968 (-27.1%), from €309,984 to €226,016
- Other operating charges +€31,552
up €31,552 (+154%), from €20,449 to €52,002
- Financial income -€20,084
down €20,084 (-33.6%), from €59,759 to €39,675
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.
Result 2024
-€373,501
Gross operating margin
-€1.2m
Staff costs
-€1,065
Depreciation
+€83,968
Other operating charges
-€31,552
Other operating items
+€188
Financial income
-€20,084
Financial charges
-€12,074
Taxes
+€1.2m
Result 2025
-€307,077
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€246,286
Investment
-€13,958
Financing
-€232,040
Cash 2024
€137
From operations (derived)
+€246,286
Net result for the year
-€307,077
Depreciation
+€226,016
Receivables after one year
-€53,654
Receivables within one year
+€318,780
Deferred charges and accrued income
+€791
Trade debts
-€14,146
Tax, wage and social debts
+€104,215
Other debts
-€23,970
Accrued charges and deferred income
-€4,669
Investment (derived)
-€13,958
Investment in fixed assets (net)
-€13,958
Financing
-€232,040
Debts after one year
-€1.1m
Current portion of long-term debt
+€731,954
Short-term financial debts
+€141,015
Cash 2025
€425
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,532,572 | €23,054,885 | -€477,687 | -2.0% |
| Fixed assets | 21/28 | €20,633,162 | €20,421,104 | -€212,058 | -1.0% |
| Intangible fixed assets | 21 | €432,124 | €288,083 | -€144,041 | -33.3% |
| Tangible fixed assets | 22/27 | €1,551,619 | €1,483,602 | -€68,017 | -4.4% |
| Land and buildings | 22 | €1,551,576 | €1,471,460 | -€80,117 | -5.2% |
| Furniture and vehicles | 24 | €43 | €12,142 | +€12,100 | +28,423% |
| Financial fixed assets | 28 | €18,649,419 | €18,649,419 | = | 0.0% |
| Current assets | 29/58 | €2,899,410 | €2,633,782 | -€265,628 | -9.2% |
| Amounts receivable after more than one year | 29 | €508,637 | €562,291 | +€53,654 | +10.5% |
| Other amounts receivable | 291 | €508,637 | €562,291 | +€53,654 | +10.5% |
| Amounts receivable within one year | 40/41 | €2,382,635 | €2,063,855 | -€318,780 | -13.4% |
| Trade receivables | 40 | €1,807,676 | €657,018 | -€1.2m | -63.7% |
| Other amounts receivable | 41 | €574,959 | €1,406,837 | +€831,878 | +145% |
| Cash at bank and in hand | 54/58 | €137 | €425 | +€289 | +211% |
| Deferred charges and accrued income | 490/1 | €8,002 | €7,211 | -€791 | -9.9% |
| Total equity and liabilities | 10/49 | €23,532,572 | €23,054,885 | -€477,687 | -2.0% |
| Equity | 10/15 | €16,787,287 | €16,480,210 | -€307,077 | -1.8% |
| Contributions | 10/11 | €700,146 | €700,146 | = | 0.0% |
| Revaluation surpluses | 12 | €12,883,888 | €12,883,888 | = | 0.0% |
| Reserves | 13 | €3,203,253 | €2,896,176 | -€307,077 | -9.6% |
| Tax-exempt reserves | 132 | €1,341,216 | €1,341,216 | = | 0.0% |
| Distributable reserves | 133 | €1,862,037 | €1,554,960 | -€307,077 | -16.5% |
| Provisions and deferred taxes | 16 | €438,822 | €438,822 | = | 0.0% |
| Deferred taxes | 168 | €438,822 | €438,822 | = | 0.0% |
| Amounts payable | 17/49 | €6,306,463 | €6,135,853 | -€170,610 | -2.7% |
| Amounts payable after more than one year | 17 | €3,534,409 | €2,429,400 | -€1.1m | -31.3% |
| Financial debts | 170/4 | €2,534,969 | €2,429,400 | -€105,569 | -4.2% |
| Other amounts payable | 178/9 | €999,440 | €0 | -€999,440 | -100% |
| Amounts payable within one year | 42/48 | €2,704,899 | €3,643,968 | +€939,069 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €242,258 | €974,213 | +€731,954 | +302% |
| Financial debts | 43 | €610,298 | €751,313 | +€141,015 | +23.1% |
| Credit institutions | 430/8 | €610,298 | €751,313 | +€141,015 | +23.1% |
| Trade debts | 44 | €362,237 | €348,091 | -€14,146 | -3.9% |
| Suppliers | 440/4 | €362,237 | €348,091 | -€14,146 | -3.9% |
| Advances received on contracts in progress | 46 | €2,108 | €2,108 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,440,895 | €1,545,111 | +€104,215 | +7.2% |
| Taxes | 450/3 | €1,428,347 | €1,538,258 | +€109,911 | +7.7% |
| Remuneration and social security | 454/9 | €12,548 | €6,852 | -€5,696 | -45.4% |
| Other amounts payable | 47/48 | €47,103 | €23,133 | -€23,970 | -50.9% |
| Accrued charges and deferred income | 492/3 | €67,155 | €62,486 | -€4,669 | -7.0% |
| Non-recurring operating income | 76A | - | €1,088 | +€1,088 | |
| Remuneration, social security and pensions | 62 | €50,720 | €51,785 | +€1,065 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,984 | €226,016 | -€83,968 | -27.1% |
| Other operating charges | 640/8 | €20,449 | €52,002 | +€31,552 | +154% |
| Non-recurring operating charges | 66A | €188 | €0 | -€188 | -100% |
| Gross operating margin | 9900 | €1,471,518 | €317,773 | -€1.2m | -78.4% |
| Operating profit (loss) | 9901 | €1,090,177 | -€12,030 | -€1.1m | |
| Financial income | 75/76B | €59,759 | €39,675 | -€20,084 | -33.6% |
| Recurring financial income | 75 | €59,759 | €39,675 | -€20,084 | -33.6% |
| Financial charges | 65/66B | €322,216 | €334,290 | +€12,074 | +3.7% |
| Recurring financial charges | 65 | €322,216 | €334,290 | +€12,074 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €827,720 | -€306,645 | -€1.1m | |
| Income taxes | 67/77 | €1,201,221 | €432 | -€1.2m | -100.0% |
| Profit (loss) for the period | 9904 | -€373,501 | -€307,077 | +€66,424 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€373,501 | -€307,077 | +€66,424 | +17.8% |
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 14 October 2026 via checked.be.