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
- Cash +€134,220
up €134,220 (+205.2%), from €65,394 to €199,614
mainly Net result for the year (+€70,894) and Current investments (+€54,000)
- Current investments -€54,000
down €54,000 (-84.4%), from €64,000 to €10,000
- Receivables after one year +€14,333
new in 2025: €14,333
- Tangible fixed assets -€3,738
down €3,738 (-53.8%), from €6,949 to €3,211
- Reserves +€70,893
up €70,893 (+53.3%), from €133,019 to €203,912
- Tax, wage and social debts +€19,670
up €19,670 (+65.9%), from €29,838 to €49,508
- Gross operating margin +€10,764
up €10,764 (+12.9%), from €83,491 to €94,255
- Taxes +€2,570
up €2,570 (+14.8%), from €17,415 to €19,985
- Financial income +€2,110
new in 2025: €2,110
- Financial charges +€1,341
up €1,341 (+2272.9%), from €59 to €1,400
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 | €166,444 | €255,954 | +€89,510 | +53.8% |
| Fixed assets | 21/28 | €6,949 | €3,211 | -€3,738 | -53.8% |
| Tangible fixed assets | 22/27 | €6,949 | €3,211 | -€3,738 | -53.8% |
| Furniture and vehicles | 24 | €6,949 | €3,211 | -€3,738 | -53.8% |
| Current assets | 29/58 | €159,495 | €252,743 | +€93,248 | +58.5% |
| Amounts receivable after more than one year | 29 | - | €14,333 | +€14,333 | |
| Trade receivables | 290 | - | €14,333 | +€14,333 | |
| Amounts receivable within one year | 40/41 | €30,101 | €28,796 | -€1,305 | -4.3% |
| Trade receivables | 40 | €30,101 | €27,008 | -€3,093 | -10.3% |
| Other amounts receivable | 41 | - | €1,788 | +€1,788 | |
| Current investments | 50/53 | €64,000 | €10,000 | -€54,000 | -84.4% |
| Cash at bank and in hand | 54/58 | €65,394 | €199,614 | +€134,220 | +205.2% |
| Total equity and liabilities | 10/49 | €166,444 | €255,954 | +€89,510 | +53.8% |
| Equity | 10/15 | €135,519 | €206,412 | +€70,893 | +52.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €133,019 | €203,912 | +€70,893 | +53.3% |
| Distributable reserves | 133 | €133,019 | €203,912 | +€70,893 | +53.3% |
| Amounts payable | 17/49 | €30,925 | €49,542 | +€18,617 | +60.2% |
| Amounts payable within one year | 42/48 | €30,157 | €49,542 | +€19,385 | +64.3% |
| Trade debts | 44 | €238 | €34 | -€204 | -85.7% |
| Suppliers | 440/4 | €238 | €34 | -€204 | -85.7% |
| Taxes, remuneration and social security | 45 | €29,838 | €49,508 | +€19,670 | +65.9% |
| Taxes | 450/3 | €29,838 | €49,508 | +€19,670 | +65.9% |
| Other amounts payable | 47/48 | €81 | - | -€81 | |
| Accrued charges and deferred income | 492/3 | €768 | - | -€768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,546 | €3,738 | +€192 | +5.4% |
| Other operating charges | 640/8 | €422 | €348 | -€74 | -17.5% |
| Gross operating margin | 9900 | €83,491 | €94,255 | +€10,764 | +12.9% |
| Operating profit (loss) | 9901 | €79,523 | €90,169 | +€10,646 | +13.4% |
| Financial income | 75/76B | - | €2,110 | +€2,110 | |
| Recurring financial income | 75 | - | €2,110 | +€2,110 | |
| Financial charges | 65/66B | €59 | €1,400 | +€1,341 | +2272.9% |
| Recurring financial charges | 65 | €59 | €1,400 | +€1,341 | +2272.9% |
| Profit (loss) for the period before taxes | 9903 | €79,464 | €90,879 | +€11,415 | +14.4% |
| Income taxes | 67/77 | €17,415 | €19,985 | +€2,570 | +14.8% |
| Profit (loss) for the period | 9904 | €62,049 | €70,894 | +€8,845 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,049 | €70,894 | +€8,845 | +14.3% |
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 9 October 2026 via checked.be.