PRAXIS: 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.
PRAXIS
Largest movements
- Current investments +€425,120
up €425,120 (+142%), from €298,370 to €723,490
- Cash -€271,505
down €271,505 (-58.0%), from €468,085 to €196,581
mainly Current investments (-€425,120) and Investment in fixed assets (net) (-€9,235)
- Receivables within one year -€70,038
down €70,038 (-20.8%), from €336,588 to €266,551
of which Other amounts receivable: -€69,876
- Accrued charges and deferred income +€61,194
up €61,194 (+28.1%), from €217,571 to €278,766
- Profit (loss) carried forward +€13,271
up €13,271 (+7.5%), from €176,932 to €190,203
- Gross operating margin +€180,666
up €180,666 (+8.5%), from €2.1m to €2.3m
- Staff costs +€176,060
up €176,060 (+8.3%), from €2.1m to €2.3m
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 | €1,130,721 | €1,211,044 | +€80,323 | +7.1% |
| Fixed assets | 21/28 | €27,678 | €24,423 | -€3,255 | -11.8% |
| Tangible fixed assets | 22/27 | €19,580 | €16,306 | -€3,273 | -16.7% |
| Furniture and vehicles | 24 | €12,726 | €11,970 | -€756 | -5.9% |
| Other tangible fixed assets | 26 | €6,854 | €4,336 | -€2,518 | -36.7% |
| Financial fixed assets | 28 | €8,098 | €8,117 | +€19 | +0.2% |
| Current assets | 29/58 | €1,103,043 | €1,186,621 | +€83,578 | +7.6% |
| Amounts receivable within one year | 40/41 | €336,588 | €266,551 | -€70,038 | -20.8% |
| Trade receivables | 40 | €6,293 | €6,132 | -€162 | -2.6% |
| Other amounts receivable | 41 | €330,295 | €260,419 | -€69,876 | -21.2% |
| Current investments | 50/53 | €298,370 | €723,490 | +€425,120 | +142% |
| Cash at bank and in hand | 54/58 | €468,085 | €196,581 | -€271,505 | -58.0% |
| Total equity and liabilities | 10/49 | €1,130,721 | €1,211,044 | +€80,323 | +7.1% |
| Equity | 10/15 | €183,129 | €196,400 | +€13,271 | +7.2% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,932 | €190,203 | +€13,271 | +7.5% |
| Provisions and deferred taxes | 16 | €70,130 | €70,842 | +€712 | +1.0% |
| Amounts payable | 17/49 | €877,462 | €943,802 | +€66,340 | +7.6% |
| Amounts payable after more than one year | 17 | €13,400 | €12,150 | -€1,250 | -9.3% |
| Other amounts payable | 178/9 | €13,400 | €12,150 | -€1,250 | -9.3% |
| Amounts payable within one year | 42/48 | €646,491 | €652,886 | +€6,396 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €1,250 | €1,250 | = | 0.0% |
| Trade debts | 44 | €15,598 | €14,972 | -€625 | -4.0% |
| Suppliers | 440/4 | €15,598 | €14,972 | -€625 | -4.0% |
| Taxes, remuneration and social security | 45 | €504,935 | €450,170 | -€54,765 | -10.8% |
| Taxes | 450/3 | €74,742 | €36,258 | -€38,484 | -51.5% |
| Remuneration and social security | 454/9 | €430,193 | €413,912 | -€16,281 | -3.8% |
| Accrued charges and deferred income | 492/3 | €217,571 | €278,766 | +€61,194 | +28.1% |
| Remuneration, social security and pensions | 62 | €2,116,664 | €2,292,725 | +€176,060 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,644 | €12,490 | -€2,154 | -14.7% |
| Non-recurring operating charges | 66A | €11 | - | -€11 | |
| Gross operating margin | 9900 | €2,137,904 | €2,318,570 | +€180,666 | +8.5% |
| Operating profit (loss) | 9901 | €6,585 | €13,356 | +€6,771 | +103% |
| Financial income | 75/76B | €953 | €132 | -€821 | -86.1% |
| Recurring financial income | 75 | €953 | €132 | -€821 | -86.1% |
| Financial charges | 65/66B | €234 | €217 | -€17 | -7.1% |
| Recurring financial charges | 65 | €234 | €217 | -€17 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €7,304 | €13,271 | +€5,967 | +81.7% |
| Profit (loss) for the period | 9904 | €7,304 | €13,271 | +€5,967 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,304 | €13,271 | +€5,967 | +81.7% |
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.