PRAROM: 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.
PRAROM
Largest movements
- Cash -€116,056
down €116,056 (-55.1%), from €210,563 to €94,507
mainly Debts after one year (-€700,115) and Investment in fixed assets (net) (-€1,472)
- Tangible fixed assets -€88,806
down €88,806 (-2.9%), from €3.0m to €2.9m
of which Land and buildings: -€80,218
- Receivables within one year -€79,878
down €79,878 (-99.9%), from €79,930 to €53
of which Other amounts receivable: -€78,100
- Debts after one year -€700,115
down €700,115 (-67.3%), from €1.0m to €339,998
- Reserves +€351,275
up €351,275 (+17.6%), from €2.0m to €2.3m
of which Distributable reserves: +€351,275
- Other debts +€46,620
new in 2025: €46,620
- Gross operating margin -€286,028
down €286,028 (-31.0%), from €922,818 to €636,790
- Taxes -€88,439
down €88,439 (-34.3%), from €258,049 to €169,610
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 | €3,308,056 | €3,023,317 | -€284,740 | -8.6% |
| Fixed assets | 21/28 | €3,017,563 | €2,928,757 | -€88,806 | -2.9% |
| Tangible fixed assets | 22/27 | €3,017,563 | €2,928,757 | -€88,806 | -2.9% |
| Land and buildings | 22 | €2,976,810 | €2,896,592 | -€80,218 | -2.7% |
| Plant, machinery and equipment | 23 | €472 | €1,523 | +€1,051 | +222.6% |
| Furniture and vehicles | 24 | €40,281 | €30,642 | -€9,639 | -23.9% |
| Current assets | 29/58 | €290,493 | €94,560 | -€195,934 | -67.4% |
| Amounts receivable within one year | 40/41 | €79,930 | €53 | -€79,878 | -99.9% |
| Trade receivables | 40 | €1,778 | - | -€1,778 | |
| Other amounts receivable | 41 | €78,152 | €53 | -€78,100 | -99.9% |
| Cash at bank and in hand | 54/58 | €210,563 | €94,507 | -€116,056 | -55.1% |
| Total equity and liabilities | 10/49 | €3,308,056 | €3,023,317 | -€284,740 | -8.6% |
| Equity | 10/15 | €2,011,370 | €2,362,645 | +€351,275 | +17.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,992,370 | €2,343,645 | +€351,275 | +17.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,973,620 | €2,324,895 | +€351,275 | +17.8% |
| Amounts payable | 17/49 | €1,296,686 | €660,671 | -€636,015 | -49.0% |
| Amounts payable after more than one year | 17 | €1,040,114 | €339,998 | -€700,115 | -67.3% |
| Financial debts | 170/4 | €1,040,114 | €339,998 | -€700,115 | -67.3% |
| Amounts payable within one year | 42/48 | €256,572 | €320,673 | +€64,101 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €190,000 | €190,000 | = | 0.0% |
| Trade debts | 44 | €28 | €5,867 | +€5,840 | +21105.1% |
| Suppliers | 440/4 | €28 | €5,867 | +€5,840 | +21105.1% |
| Taxes, remuneration and social security | 45 | €66,545 | €78,186 | +€11,641 | +17.5% |
| Taxes | 450/3 | €66,545 | €78,186 | +€11,641 | +17.5% |
| Other amounts payable | 47/48 | - | €46,620 | +€46,620 | |
| Non-recurring operating income | 76A | €12,751 | - | -€12,751 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,307 | €90,278 | -€3,028 | -3.2% |
| Other operating charges | 640/8 | €10,373 | €13,573 | +€3,201 | +30.9% |
| Gross operating margin | 9900 | €922,818 | €636,790 | -€286,028 | -31.0% |
| Operating profit (loss) | 9901 | €819,139 | €532,939 | -€286,200 | -34.9% |
| Financial income | 75/76B | €1,871 | €0 | -€1,871 | -100.0% |
| Recurring financial income | 75 | €1,871 | €0 | -€1,871 | -100.0% |
| Financial charges | 65/66B | €13,943 | €12,054 | -€1,889 | -13.5% |
| Recurring financial charges | 65 | €13,943 | €12,054 | -€1,889 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €807,067 | €520,885 | -€286,182 | -35.5% |
| Income taxes | 67/77 | €258,049 | €169,610 | -€88,439 | -34.3% |
| Profit (loss) for the period | 9904 | €549,018 | €351,275 | -€197,743 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €549,018 | €351,275 | -€197,743 | -36.0% |
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.