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 +€150,903
new in 2025: €150,903
- Cash -€73,674
down €73,674 (-31.9%), from €231,160 to €157,486
mainly Current investments (-€150,903) and Receivables within one year (-€45,166)
- Receivables within one year +€45,166
up €45,166 (+27.7%), from €163,129 to €208,296
of which Trade receivables: +€33,232
- Deferred charges and accrued income +€23,439
up €23,439 (+636%), from €3,685 to €27,124
- Tangible fixed assets -€7,669
down €7,669 (-10.2%), from €75,366 to €67,697
of which Furniture and vehicles: -€10,515
- Trade debts +€92,287
up €92,287 (+180%), from €51,386 to €143,673
- Reserves +€46,340
up €46,340 (+14.5%), from €318,855 to €365,195
of which Distributable reserves: +€46,340
- Other debts -€7,000
down €7,000 (-18.9%), from €37,000 to €30,000
- Gross operating margin -€28,305
down €28,305 (-20.1%), from €140,673 to €112,368
- Taxes -€5,524
down €5,524 (-16.8%), from €32,909 to €27,385
- Financial charges +€2,637
up €2,637 (+91.0%), from €2,898 to €5,535
- Financial income +€2,510
up €2,510 (+897%), from €280 to €2,790
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 | €473,341 | €611,506 | +€138,166 | +29.2% |
| Fixed assets | 21/28 | €75,366 | €67,697 | -€7,669 | -10.2% |
| Tangible fixed assets | 22/27 | €75,366 | €67,697 | -€7,669 | -10.2% |
| Plant, machinery and equipment | 23 | €2,754 | €2,449 | -€306 | -11.1% |
| Furniture and vehicles | 24 | €65,708 | €55,193 | -€10,515 | -16.0% |
| Other tangible fixed assets | 26 | €6,905 | €10,056 | +€3,151 | +45.6% |
| Current assets | 29/58 | €397,974 | €543,809 | +€145,835 | +36.6% |
| Amounts receivable within one year | 40/41 | €163,129 | €208,296 | +€45,166 | +27.7% |
| Trade receivables | 40 | €138,552 | €171,783 | +€33,232 | +24.0% |
| Other amounts receivable | 41 | €24,577 | €36,512 | +€11,935 | +48.6% |
| Current investments | 50/53 | - | €150,903 | +€150,903 | |
| Cash at bank and in hand | 54/58 | €231,160 | €157,486 | -€73,674 | -31.9% |
| Deferred charges and accrued income | 490/1 | €3,685 | €27,124 | +€23,439 | +636% |
| Total equity and liabilities | 10/49 | €473,341 | €611,506 | +€138,166 | +29.2% |
| Equity | 10/15 | €380,355 | €426,695 | +€46,340 | +12.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €318,855 | €365,195 | +€46,340 | +14.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €312,705 | €359,045 | +€46,340 | +14.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,985 | €184,811 | +€91,826 | +98.8% |
| Amounts payable within one year | 42/48 | €92,985 | €184,811 | +€91,826 | +98.8% |
| Financial debts | 43 | €701 | €4,203 | +€3,502 | +500% |
| Credit institutions | 430/8 | €701 | €4,203 | +€3,502 | +500% |
| Trade debts | 44 | €51,386 | €143,673 | +€92,287 | +180% |
| Suppliers | 440/4 | €51,386 | €143,673 | +€92,287 | +180% |
| Taxes, remuneration and social security | 45 | €3,898 | €6,935 | +€3,037 | +77.9% |
| Taxes | 450/3 | €3,898 | €6,935 | +€3,037 | +77.9% |
| Other amounts payable | 47/48 | €37,000 | €30,000 | -€7,000 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,531 | €14,652 | +€1,121 | +8.3% |
| Other operating charges | 640/8 | €1,027 | €1,246 | +€220 | +21.4% |
| Gross operating margin | 9900 | €140,673 | €112,368 | -€28,305 | -20.1% |
| Operating profit (loss) | 9901 | €126,115 | €96,470 | -€29,645 | -23.5% |
| Financial income | 75/76B | €280 | €2,790 | +€2,510 | +897% |
| Recurring financial income | 75 | €280 | €2,790 | +€2,510 | +897% |
| Financial charges | 65/66B | €2,898 | €5,535 | +€2,637 | +91.0% |
| Recurring financial charges | 65 | €2,898 | €5,535 | +€2,637 | +91.0% |
| Profit (loss) for the period before taxes | 9903 | €123,497 | €93,724 | -€29,772 | -24.1% |
| Income taxes | 67/77 | €32,909 | €27,385 | -€5,524 | -16.8% |
| Profit (loss) for the period | 9904 | €90,588 | €66,340 | -€24,248 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,588 | €66,340 | -€24,248 | -26.8% |
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 20 October 2026 via checked.be.