PRAETORIAN ENGINEERING: 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.
PRAETORIAN ENGINEERING
Largest movements
- Receivables within one year -€55,717
down €55,717 (-73.4%), from €75,905 to €20,188
of which Trade receivables: -€62,470
- Tangible fixed assets +€25,789
up €25,789, from €0 to €25,789
- Cash -€19,453
down €19,453 (-62.3%), from €31,216 to €11,763
mainly Net result for the year (-€36,560) and Investment in fixed assets (net) (-€28,417)
- Profit (loss) carried forward -€36,560
down €36,560 (-62.6%), from €58,439 to €21,879
- Tax, wage and social debts -€13,937
down €13,937 (-100.0%), from €13,937 to €0
of which Remuneration and social security: -€11,069
- Trade debts +€10,085
up €10,085 (+120.0%), from €8,405 to €18,490
- Other debts -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Gross operating margin -€112,481
down €112,481 (-83.6%), from €134,485 to €22,003
- Staff costs -€56,008
down €56,008 (-51.4%), from €109,070 to €53,062
- Taxes -€2,693
down €2,693 (-96.2%), from €2,799 to €106
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 | €110,781 | €60,369 | -€50,412 | -45.5% |
| Fixed assets | 21/28 | €0 | €25,789 | +€25,789 | |
| Tangible fixed assets | 22/27 | €0 | €25,789 | +€25,789 | |
| Furniture and vehicles | 24 | €0 | €25,789 | +€25,789 | |
| Current assets | 29/58 | €110,781 | €34,580 | -€76,201 | -68.8% |
| Amounts receivable within one year | 40/41 | €75,905 | €20,188 | -€55,717 | -73.4% |
| Trade receivables | 40 | €69,204 | €6,734 | -€62,470 | -90.3% |
| Other amounts receivable | 41 | €6,701 | €13,454 | +€6,753 | +100.8% |
| Cash at bank and in hand | 54/58 | €31,216 | €11,763 | -€19,453 | -62.3% |
| Deferred charges and accrued income | 490/1 | €3,660 | €2,629 | -€1,031 | -28.2% |
| Total equity and liabilities | 10/49 | €110,781 | €60,369 | -€50,412 | -45.5% |
| Equity | 10/15 | €78,439 | €41,879 | -€36,560 | -46.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,439 | €21,879 | -€36,560 | -62.6% |
| Amounts payable | 17/49 | €32,342 | €18,490 | -€13,851 | -42.8% |
| Amounts payable within one year | 42/48 | €32,342 | €18,490 | -€13,851 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €8,405 | €18,490 | +€10,085 | +120.0% |
| Suppliers | 440/4 | €8,405 | €18,490 | +€10,085 | +120.0% |
| Taxes, remuneration and social security | 45 | €13,937 | €0 | -€13,937 | -100.0% |
| Taxes | 450/3 | €2,868 | €0 | -€2,868 | -100.0% |
| Remuneration and social security | 454/9 | €11,069 | €0 | -€11,069 | -100.0% |
| Other amounts payable | 47/48 | €10,000 | €0 | -€10,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €109,070 | €53,062 | -€56,008 | -51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,196 | €2,628 | -€569 | -17.8% |
| Other operating charges | 640/8 | €680 | €697 | +€17 | +2.5% |
| Gross operating margin | 9900 | €134,485 | €22,003 | -€112,481 | -83.6% |
| Operating profit (loss) | 9901 | €21,538 | -€34,384 | -€55,922 | |
| Financial charges | 65/66B | €3,210 | €2,070 | -€1,140 | -35.5% |
| Recurring financial charges | 65 | €3,210 | €2,070 | -€1,140 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €18,327 | -€36,454 | -€54,781 | |
| Income taxes | 67/77 | €2,799 | €106 | -€2,693 | -96.2% |
| Profit (loss) for the period | 9904 | €15,528 | -€36,560 | -€52,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,528 | -€36,560 | -€52,088 |
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 10 October 2026 via checked.be.