PRAET: 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.
PRAET
Largest movements
- Receivables within one year +€37,041
up €37,041 (+22.5%), from €164,979 to €202,020
of which Trade receivables: +€31,588
- Tangible fixed assets -€16,722
down €16,722 (-30.5%), from €54,894 to €38,173
of which Furniture and vehicles: -€17,214
- Deferred charges and accrued income +€5,205
up €5,205 (+116%), from €4,476 to €9,681
- Stocks and contracts -€4,486
down €4,486 (-36.1%), from €12,421 to €7,935
- Trade debts +€21,701
up €21,701 (+110%), from €19,728 to €41,430
- Debts after one year -€10,446
down €10,446 (-28.6%), from €36,483 to €26,036
- Reserves +€7,149
up €7,149 (+4.3%), from €165,493 to €172,642
- Other debts +€4,260
up €4,260 (+31.6%), from €13,474 to €17,734
- Gross operating margin -€33,082
down €33,082 (-50.5%), from €65,559 to €32,478
- Taxes -€7,457
down €7,457 (-62.3%), from €11,966 to €4,509
- Financial income +€1,609
up €1,609 (+497%), from €324 to €1,933
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 | €300,346 | €321,337 | +€20,991 | +7.0% |
| Fixed assets | 21/28 | €55,105 | €38,383 | -€16,722 | -30.3% |
| Tangible fixed assets | 22/27 | €54,894 | €38,173 | -€16,722 | -30.5% |
| Plant, machinery and equipment | 23 | - | €492 | +€492 | |
| Furniture and vehicles | 24 | €54,894 | €37,680 | -€17,214 | -31.4% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €245,242 | €282,954 | +€37,713 | +15.4% |
| Stocks and contracts in progress | 3 | €12,421 | €7,935 | -€4,486 | -36.1% |
| Stocks | 30/36 | €12,421 | €7,935 | -€4,486 | -36.1% |
| Amounts receivable within one year | 40/41 | €164,979 | €202,020 | +€37,041 | +22.5% |
| Trade receivables | 40 | €162,277 | €193,865 | +€31,588 | +19.5% |
| Other amounts receivable | 41 | €2,702 | €8,155 | +€5,453 | +202% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,365 | €43,318 | -€47 | -0.1% |
| Deferred charges and accrued income | 490/1 | €4,476 | €9,681 | +€5,205 | +116% |
| Total equity and liabilities | 10/49 | €300,346 | €321,337 | +€20,991 | +7.0% |
| Equity | 10/15 | €210,722 | €217,871 | +€7,149 | +3.4% |
| Contributions | 10/11 | €9,774 | €9,774 | = | 0.0% |
| Reserves | 13 | €165,493 | €172,642 | +€7,149 | +4.3% |
| Distributable reserves | 133 | €165,493 | €172,642 | +€7,149 | +4.3% |
| Profit (loss) carried forward | 14 | €35,455 | €35,455 | = | 0.0% |
| Amounts payable | 17/49 | €89,625 | €103,467 | +€13,842 | +15.4% |
| Amounts payable after more than one year | 17 | €36,483 | €26,036 | -€10,446 | -28.6% |
| Financial debts | 170/4 | €36,483 | €26,036 | -€10,446 | -28.6% |
| Amounts payable within one year | 42/48 | €53,142 | €77,430 | +€24,288 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €10,043 | €10,446 | +€404 | +4.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €19,728 | €41,430 | +€21,701 | +110% |
| Suppliers | 440/4 | €19,728 | €41,430 | +€21,701 | +110% |
| Advances received on contracts in progress | 46 | €236 | €236 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,661 | €7,584 | -€2,077 | -21.5% |
| Taxes | 450/3 | €9,661 | €7,584 | -€2,077 | -21.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,474 | €17,734 | +€4,260 | +31.6% |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,793 | €18,927 | +€134 | +0.7% |
| Other operating charges | 640/8 | €1,031 | €889 | -€142 | -13.8% |
| Non-recurring operating charges | 66A | €4 | €0 | -€4 | -100% |
| Gross operating margin | 9900 | €65,559 | €32,478 | -€33,082 | -50.5% |
| Operating profit (loss) | 9901 | €45,732 | €12,662 | -€33,070 | -72.3% |
| Financial income | 75/76B | €324 | €1,933 | +€1,609 | +497% |
| Recurring financial income | 75 | €324 | €1,933 | +€1,609 | +497% |
| Financial charges | 65/66B | €3,369 | €2,937 | -€433 | -12.8% |
| Recurring financial charges | 65 | €3,369 | €2,937 | -€433 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €42,686 | €11,658 | -€31,028 | -72.7% |
| Income taxes | 67/77 | €11,966 | €4,509 | -€7,457 | -62.3% |
| Profit (loss) for the period | 9904 | €30,720 | €7,149 | -€23,571 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,720 | €7,149 | -€23,571 | -76.7% |
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 21 October 2026 via checked.be.