PRAETOR: 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.
PRAETOR
Largest movements
- Cash +€532,803
up €532,803 (+300%), from €177,828 to €710,631
mainly Current investments (+€406,634) and Net result for the year (+€150,607)
- Current investments -€406,634
no longer reported in 2025 (was €406,634)
- Receivables within one year +€8,323
up €8,323 (+227%), from €3,668 to €11,991
- Other debts +€132,893
up €132,893 (+23.5%), from €564,418 to €697,311
- Gross operating margin -€17,946
down €17,946 (-8.7%), from €205,903 to €187,957
- Taxes -€9,094
down €9,094 (-18.5%), from €49,175 to €40,081
- Financial income -€5,903
down €5,903 (-62.3%), from €9,478 to €3,575
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 | €589,427 | €723,516 | +€134,090 | +22.7% |
| Fixed assets | 21/28 | €1,296 | €894 | -€402 | -31.0% |
| Tangible fixed assets | 22/27 | €1,296 | €894 | -€402 | -31.0% |
| Furniture and vehicles | 24 | €1,296 | €894 | -€402 | -31.0% |
| Current assets | 29/58 | €588,130 | €722,622 | +€134,492 | +22.9% |
| Amounts receivable within one year | 40/41 | €3,668 | €11,991 | +€8,323 | +227% |
| Other amounts receivable | 41 | €3,668 | €11,991 | +€8,323 | +227% |
| Current investments | 50/53 | €406,634 | - | -€406,634 | |
| Cash at bank and in hand | 54/58 | €177,828 | €710,631 | +€532,803 | +300% |
| Total equity and liabilities | 10/49 | €589,427 | €723,516 | +€134,090 | +22.7% |
| Equity | 10/15 | €10,334 | €10,941 | +€607 | +5.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €334 | €941 | +€607 | +182% |
| Amounts payable | 17/49 | €579,093 | €712,575 | +€133,482 | +23.1% |
| Amounts payable within one year | 42/48 | €579,093 | €712,575 | +€133,482 | +23.1% |
| Trade debts | 44 | €1,072 | €44 | -€1,029 | -95.9% |
| Suppliers | 440/4 | €1,072 | €44 | -€1,029 | -95.9% |
| Taxes, remuneration and social security | 45 | €13,603 | €15,221 | +€1,618 | +11.9% |
| Taxes | 450/3 | €13,603 | €15,221 | +€1,618 | +11.9% |
| Other amounts payable | 47/48 | €564,418 | €697,311 | +€132,893 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €402 | €402 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €205,903 | €187,957 | -€17,946 | -8.7% |
| Operating profit (loss) | 9901 | €205,114 | €187,155 | -€17,959 | -8.8% |
| Financial income | 75/76B | €9,478 | €3,575 | -€5,903 | -62.3% |
| Recurring financial income | 75 | €9,478 | €3,575 | -€5,903 | -62.3% |
| Financial charges | 65/66B | €83 | €41 | -€42 | -51.1% |
| Recurring financial charges | 65 | €83 | €41 | -€42 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €214,509 | €190,689 | -€23,820 | -11.1% |
| Income taxes | 67/77 | €49,175 | €40,081 | -€9,094 | -18.5% |
| Profit (loss) for the period | 9904 | €165,333 | €150,607 | -€14,726 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €165,333 | €150,607 | -€14,726 | -8.9% |
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 15 October 2026 via checked.be.