PRC: what changed
Two fiscal 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.
PRC
Largest movements
- Tangible fixed assets -€67,667
down €67,667 (-6.7%), from €1.0m to €948,698
of which Land and buildings: -€63,796
- Receivables within one year -€46,956
down €46,956 (-54.5%), from €86,089 to €39,134
of which Trade receivables: -€49,225
- Cash -€13,139
down €13,139 (-32.3%), from €40,729 to €27,590
mainly Debts after one year (-€73,878) and Net result for the year (-€63,087)
- Debts after one year -€73,878
down €73,878 (-25.5%), from €289,602 to €215,725
of which Financial debts: -€50,258
- Profit (loss) carried forward -€63,087
down €63,087 (-18.8%), from -€335,707 to -€398,794
- Trade debts +€26,626
up €26,626 (+35.8%), from €74,436 to €101,062
- Revaluation surpluses -€25,250
down €25,250 (-4.2%), from €601,428 to €576,178
- Reserves +€25,250
up €25,250 (+107.9%), from €23,399 to €48,649
of which Distributable reserves: +€25,250
- Gross operating margin +€31,466
up €31,466 (+70.1%), from €44,862 to €76,328
- Depreciation +€23,697
up €23,697 (+50.3%), from €47,135 to €70,832
- Other operating charges +€6,107
up €6,107 (+55.3%), from €11,034 to €17,141
- Financial charges -€4,164
down €4,164 (-13.5%), from €30,835 to €26,671
- Staff costs -€1,406
down €1,406 (-5.4%), from €26,193 to €24,787
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 | €1,284,471 | €1,152,275 | -€132,196 | -10.3% |
| Fixed assets | 21/28 | €1,016,365 | €948,698 | -€67,667 | -6.7% |
| Tangible fixed assets | 22/27 | €1,016,365 | €948,698 | -€67,667 | -6.7% |
| Land and buildings | 22 | €1,001,100 | €937,304 | -€63,796 | -6.4% |
| Plant, machinery and equipment | 23 | €14,736 | €11,394 | -€3,342 | -22.7% |
| Furniture and vehicles | 24 | €529 | €0 | -€529 | -100.0% |
| Current assets | 29/58 | €268,106 | €203,577 | -€64,529 | -24.1% |
| Stocks and contracts in progress | 3 | €121,924 | €110,639 | -€11,286 | -9.3% |
| Stocks | 30/36 | €96,674 | €99,939 | +€3,264 | +3.4% |
| Contracts in progress | 37 | €25,250 | €10,700 | -€14,550 | -57.6% |
| Amounts receivable within one year | 40/41 | €86,089 | €39,134 | -€46,956 | -54.5% |
| Trade receivables | 40 | €83,125 | €33,901 | -€49,225 | -59.2% |
| Other amounts receivable | 41 | €2,964 | €5,233 | +€2,269 | +76.6% |
| Cash at bank and in hand | 54/58 | €40,729 | €27,590 | -€13,139 | -32.3% |
| Deferred charges and accrued income | 490/1 | €19,364 | €26,215 | +€6,851 | +35.4% |
| Total equity and liabilities | 10/49 | €1,284,471 | €1,152,275 | -€132,196 | -10.3% |
| Equity | 10/15 | €539,120 | €476,033 | -€63,087 | -11.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €601,428 | €576,178 | -€25,250 | -4.2% |
| Reserves | 13 | €23,399 | €48,649 | +€25,250 | +107.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,539 | €46,789 | +€25,250 | +117.2% |
| Profit (loss) carried forward | 14 | -€335,707 | -€398,794 | -€63,087 | -18.8% |
| Amounts payable | 17/49 | €745,351 | €676,242 | -€69,109 | -9.3% |
| Amounts payable after more than one year | 17 | €289,602 | €215,725 | -€73,878 | -25.5% |
| Financial debts | 170/4 | €151,097 | €100,839 | -€50,258 | -33.3% |
| Other amounts payable | 178/9 | €138,505 | €114,886 | -€23,619 | -17.1% |
| Amounts payable within one year | 42/48 | €455,749 | €460,518 | +€4,769 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €49,911 | €50,332 | +€422 | +0.8% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €74,436 | €101,062 | +€26,626 | +35.8% |
| Suppliers | 440/4 | €74,436 | €101,062 | +€26,626 | +35.8% |
| Taxes, remuneration and social security | 45 | €29,625 | €9,123 | -€20,502 | -69.2% |
| Taxes | 450/3 | €27,553 | €7,982 | -€19,571 | -71.0% |
| Remuneration and social security | 454/9 | €2,072 | €1,141 | -€931 | -44.9% |
| Other amounts payable | 47/48 | €1,777 | €0 | -€1,777 | -100.0% |
| Non-recurring operating income | 76A | €5,802 | €0 | -€5,802 | -100.0% |
| Remuneration, social security and pensions | 62 | €26,193 | €24,787 | -€1,406 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,135 | €70,832 | +€23,697 | +50.3% |
| Other operating charges | 640/8 | €11,034 | €17,141 | +€6,107 | +55.3% |
| Non-recurring operating charges | 66A | €8,330 | €0 | -€8,330 | -100.0% |
| Gross operating margin | 9900 | €44,862 | €76,328 | +€31,466 | +70.1% |
| Operating profit (loss) | 9901 | -€47,829 | -€36,432 | +€11,397 | +23.8% |
| Financial income | 75/76B | €0 | €16 | +€16 | |
| Recurring financial income | 75 | €0 | €16 | +€16 | |
| Financial charges | 65/66B | €30,835 | €26,671 | -€4,164 | -13.5% |
| Recurring financial charges | 65 | €30,835 | €26,671 | -€4,164 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€78,664 | -€63,087 | +€15,577 | +19.8% |
| Profit (loss) for the period | 9904 | -€78,664 | -€63,087 | +€15,577 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,664 | -€63,087 | +€15,577 | +19.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.