Prazwal: 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.
Prazwal
Largest movements
- Stocks and contracts +€20,740
up €20,740 (+43.7%), from €47,500 to €68,240
- Receivables within one year -€16,320
down €16,320 (-82.7%), from €19,735 to €3,414
of which Trade receivables: -€17,104
- Deferred charges and accrued income +€10,000
new in 2025: €10,000
- Cash +€9,621
up €9,621 (+78.2%), from €12,308 to €21,929
mainly Net result for the year (+€38,142) and Receivables within one year (+€16,320)
- Tangible fixed assets -€8,845
down €8,845 (-41.8%), from €21,163 to €12,318
of which Plant, machinery and equipment: -€8,709
- Profit (loss) carried forward +€38,142
up €38,142, from -€11,242 to €26,900
- Other debts -€24,233
down €24,233 (-29.3%), from €82,763 to €58,530
- Tax, wage and social debts +€9,206
up €9,206 (+2199.4%), from €419 to €9,625
- Trade debts -€7,920
down €7,920 (-28.4%), from €27,866 to €19,946
- Financial income +€37,526
up €37,526 (+160575.1%), from €23 to €37,550
of which Non-recurring financial income: +€37,548
- Gross operating margin +€31,295
up €31,295 (+161.5%), from €19,377 to €50,672
- Taxes +€8,130
new in 2025: €8,130
- Other operating charges +€2,995
up €2,995 (+447.1%), from €670 to €3,665
- Financial charges +€839
up €839 (+26.1%), from €3,211 to €4,049
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 | €100,806 | €116,001 | +€15,195 | +15.1% |
| Fixed assets | 21/28 | €21,263 | €12,418 | -€8,845 | -41.6% |
| Tangible fixed assets | 22/27 | €21,163 | €12,318 | -€8,845 | -41.8% |
| Plant, machinery and equipment | 23 | €19,183 | €10,473 | -€8,709 | -45.4% |
| Furniture and vehicles | 24 | €1,980 | €1,844 | -€136 | -6.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €79,543 | €103,583 | +€24,040 | +30.2% |
| Stocks and contracts in progress | 3 | €47,500 | €68,240 | +€20,740 | +43.7% |
| Stocks | 30/36 | €47,500 | €68,240 | +€20,740 | +43.7% |
| Amounts receivable within one year | 40/41 | €19,735 | €3,414 | -€16,320 | -82.7% |
| Trade receivables | 40 | €19,611 | €2,507 | -€17,104 | -87.2% |
| Other amounts receivable | 41 | €124 | €907 | +€784 | +632.9% |
| Cash at bank and in hand | 54/58 | €12,308 | €21,929 | +€9,621 | +78.2% |
| Deferred charges and accrued income | 490/1 | - | €10,000 | +€10,000 | |
| Total equity and liabilities | 10/49 | €100,806 | €116,001 | +€15,195 | +15.1% |
| Equity | 10/15 | -€10,242 | €27,900 | +€38,142 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,242 | €26,900 | +€38,142 | |
| Amounts payable | 17/49 | €111,047 | €88,101 | -€22,947 | -20.7% |
| Amounts payable within one year | 42/48 | €111,047 | €88,101 | -€22,947 | -20.7% |
| Trade debts | 44 | €27,866 | €19,946 | -€7,920 | -28.4% |
| Suppliers | 440/4 | €27,866 | €19,946 | -€7,920 | -28.4% |
| Taxes, remuneration and social security | 45 | €419 | €9,625 | +€9,206 | +2199.4% |
| Taxes | 450/3 | €419 | €9,625 | +€9,206 | +2199.4% |
| Other amounts payable | 47/48 | €82,763 | €58,530 | -€24,233 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,428 | €10,083 | +€655 | +6.9% |
| Other operating charges | 640/8 | €670 | €3,665 | +€2,995 | +447.1% |
| Non-recurring operating charges | 66A | - | €24,153 | +€24,153 | |
| Gross operating margin | 9900 | €19,377 | €50,672 | +€31,295 | +161.5% |
| Operating profit (loss) | 9901 | €9,280 | €12,772 | +€3,492 | +37.6% |
| Financial income | 75/76B | €23 | €37,550 | +€37,526 | +160575.1% |
| Recurring financial income | 75 | €23 | €1 | -€22 | -94.2% |
| Non-recurring financial income | 76B | - | €37,548 | +€37,548 | |
| Financial charges | 65/66B | €3,211 | €4,049 | +€839 | +26.1% |
| Recurring financial charges | 65 | €3,211 | €4,049 | +€839 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €6,092 | €46,272 | +€40,180 | +659.5% |
| Income taxes | 67/77 | - | €8,130 | +€8,130 | |
| Profit (loss) for the period | 9904 | €6,092 | €38,142 | +€32,050 | +526.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,092 | €38,142 | +€32,050 | +526.1% |
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 11 October 2026 via checked.be.