PRAMERUEL: 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.
PRAMERUEL
Largest movements
- Receivables within one year -€253,308
down €253,308 (-35.8%), from €708,357 to €455,048
- Tangible fixed assets -€79,678
down €79,678 (-2.5%), from €3.2m to €3.2m
of which Land and buildings: -€92,635
- Debts after one year -€187,595
down €187,595 (-4.5%), from €4.2m to €4.0m
- Other debts -€113,530
down €113,530 (-13.0%), from €870,572 to €757,042
- Financial charges -€5,984
down €5,984 (-4.0%), from €149,736 to €143,752
- Gross operating margin -€4,017
down €4,017 (-1.8%), from €226,662 to €222,645
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 | €4,229,893 | €3,912,180 | -€317,713 | -7.5% |
| Fixed assets | 21/28 | €3,240,479 | €3,160,801 | -€79,678 | -2.5% |
| Tangible fixed assets | 22/27 | €3,237,479 | €3,157,801 | -€79,678 | -2.5% |
| Land and buildings | 22 | €3,143,743 | €3,051,108 | -€92,635 | -2.9% |
| Plant, machinery and equipment | 23 | €93,737 | €106,693 | +€12,956 | +13.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €989,414 | €751,379 | -€238,035 | -24.1% |
| Amounts receivable within one year | 40/41 | €708,357 | €455,048 | -€253,308 | -35.8% |
| Other amounts receivable | 41 | €708,357 | €455,048 | -€253,308 | -35.8% |
| Cash at bank and in hand | 54/58 | €273,846 | €296,331 | +€22,484 | +8.2% |
| Deferred charges and accrued income | 490/1 | €7,211 | - | -€7,211 | |
| Total equity and liabilities | 10/49 | €4,229,893 | €3,912,180 | -€317,713 | -7.5% |
| Equity | 10/15 | -€976,168 | -€1,012,814 | -€36,646 | -3.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €19,412 | €19,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,412 | €19,412 | = | 0.0% |
| Legal reserve | 130 | €19,412 | €19,412 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,145,580 | -€1,182,226 | -€36,646 | -3.2% |
| Amounts payable | 17/49 | €5,206,061 | €4,924,995 | -€281,066 | -5.4% |
| Amounts payable after more than one year | 17 | €4,152,211 | €3,964,616 | -€187,595 | -4.5% |
| Financial debts | 170/4 | €4,152,211 | €3,964,616 | -€187,595 | -4.5% |
| Amounts payable within one year | 42/48 | €1,053,850 | €960,378 | -€93,471 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €181,376 | €187,595 | +€6,219 | +3.4% |
| Trade debts | 44 | €1,902 | €15,741 | +€13,840 | +728% |
| Suppliers | 440/4 | €1,902 | €15,741 | +€13,840 | +728% |
| Other amounts payable | 47/48 | €870,572 | €757,042 | -€113,530 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,227 | €105,682 | +€1,455 | +1.4% |
| Other operating charges | 640/8 | €16,457 | €16,550 | +€93 | +0.6% |
| Gross operating margin | 9900 | €226,662 | €222,645 | -€4,017 | -1.8% |
| Operating profit (loss) | 9901 | €105,978 | €100,414 | -€5,564 | -5.3% |
| Financial income | 75/76B | €6,800 | €6,692 | -€108 | -1.6% |
| Recurring financial income | 75 | €6,800 | €6,692 | -€108 | -1.6% |
| Financial charges | 65/66B | €149,736 | €143,752 | -€5,984 | -4.0% |
| Recurring financial charges | 65 | €149,736 | €143,752 | -€5,984 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,959 | -€36,646 | +€313 | +0.8% |
| Profit (loss) for the period | 9904 | -€36,959 | -€36,646 | +€313 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,959 | -€36,646 | +€313 | +0.8% |
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 16 October 2026 via checked.be.