PRAKTIKO: 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.
PRAKTIKO
Largest movements
- Cash -€13,886
down €13,886 (-12.3%), from €112,875 to €98,990
mainly Contributions, distributions and other (-€158,824) and Investment in fixed assets (net) (-€34,092)
- Other debts +€84,939
up €84,939 (+139,176%), from €61 to €85,000
- Reserves -€73,024
down €73,024 (-31.8%), from €229,677 to €156,653
- Debts after one year -€14,318
down €14,318 (-6.9%), from €206,614 to €192,296
- Trade debts -€8,229
down €8,229 (-66.3%), from €12,418 to €4,189
- Gross operating margin +€39,169
up €39,169 (+34.9%), from €112,125 to €151,293
- Taxes +€6,900
up €6,900 (+44.6%), from €15,457 to €22,357
- Depreciation +€5,275
up €5,275 (+17.5%), from €30,103 to €35,378
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 | €537,227 | €524,130 | -€13,097 | -2.4% |
| Fixed assets | 21/28 | €359,652 | €358,366 | -€1,286 | -0.4% |
| Tangible fixed assets | 22/27 | €359,652 | €358,366 | -€1,286 | -0.4% |
| Land and buildings | 22 | €336,236 | €314,967 | -€21,269 | -6.3% |
| Plant, machinery and equipment | 23 | €18,964 | €19,595 | +€631 | +3.3% |
| Furniture and vehicles | 24 | €4,452 | €23,804 | +€19,352 | +435% |
| Current assets | 29/58 | €177,575 | €165,764 | -€11,811 | -6.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,700 | €46,774 | +€2,074 | +4.6% |
| Trade receivables | 40 | €39,737 | €37,587 | -€2,150 | -5.4% |
| Other amounts receivable | 41 | €4,962 | €9,187 | +€4,225 | +85.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €112,875 | €98,990 | -€13,886 | -12.3% |
| Total equity and liabilities | 10/49 | €537,227 | €524,130 | -€13,097 | -2.4% |
| Equity | 10/15 | €259,677 | €186,653 | -€73,024 | -28.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €229,677 | €156,653 | -€73,024 | -31.8% |
| Distributable reserves | 133 | €229,677 | €156,653 | -€73,024 | -31.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €277,550 | €337,477 | +€59,927 | +21.6% |
| Amounts payable after more than one year | 17 | €206,614 | €192,296 | -€14,318 | -6.9% |
| Financial debts | 170/4 | €206,614 | €192,296 | -€14,318 | -6.9% |
| Amounts payable within one year | 42/48 | €35,217 | €111,251 | +€76,035 | +216% |
| Current portion of amounts payable after more than one year | 42 | €17,667 | €19,302 | +€1,636 | +9.3% |
| Financial debts | 43 | €5,071 | €0 | -€5,071 | -100% |
| Credit institutions | 430/8 | €5,071 | €0 | -€5,071 | -100% |
| Trade debts | 44 | €12,418 | €4,189 | -€8,229 | -66.3% |
| Suppliers | 440/4 | €12,418 | €4,189 | -€8,229 | -66.3% |
| Taxes, remuneration and social security | 45 | €0 | €2,760 | +€2,760 | |
| Taxes | 450/3 | €0 | €2,760 | +€2,760 | |
| Other amounts payable | 47/48 | €61 | €85,000 | +€84,939 | +139,176% |
| Accrued charges and deferred income | 492/3 | €35,719 | €33,929 | -€1,790 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,103 | €35,378 | +€5,275 | +17.5% |
| Other operating charges | 640/8 | €1,922 | €2,099 | +€177 | +9.2% |
| Gross operating margin | 9900 | €112,125 | €151,293 | +€39,169 | +34.9% |
| Operating profit (loss) | 9901 | €80,099 | €113,816 | +€33,717 | +42.1% |
| Financial income | 75/76B | €2,000 | €726 | -€1,275 | -63.7% |
| Recurring financial income | 75 | €2,000 | €726 | -€1,275 | -63.7% |
| Financial charges | 65/66B | €7,178 | €6,386 | -€793 | -11.0% |
| Recurring financial charges | 65 | €7,178 | €6,386 | -€793 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €74,921 | €108,156 | +€33,235 | +44.4% |
| Income taxes | 67/77 | €15,457 | €22,357 | +€6,900 | +44.6% |
| Profit (loss) for the period | 9904 | €59,464 | €85,799 | +€26,336 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,464 | €85,799 | +€26,336 | +44.3% |
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 26 October 2026 via checked.be.