PRECAM: 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.
PRECAM
Largest movements
- Tangible fixed assets -€151,081
down €151,081 (-21.3%), from €708,628 to €557,548
of which Plant, machinery and equipment: -€92,348
- Receivables within one year +€47,654
up €47,654 (+65.0%), from €73,310 to €120,964
of which Other amounts receivable: +€59,483
- Cash +€36,015
up €36,015 (+19.1%), from €188,790 to €224,805
mainly Depreciation (+€111,322) and Net result for the year (+€81,697)
- Intangible fixed assets +€30,801
new in 2025: €30,801
- Current portion of long-term debt -€55,086
down €55,086 (-54.1%), from €101,810 to €46,724
- Debts after one year -€46,724
down €46,724 (-14.9%), from €314,403 to €267,679
- Reserves +€35,614
up €35,614 (+7.9%), from €449,916 to €485,530
- Other debts +€31,173
up €31,173 (+209.1%), from €14,910 to €46,082
- Tax, wage and social debts -€16,321
down €16,321 (-47.0%), from €34,756 to €18,435
- Depreciation -€30,180
down €30,180 (-21.3%), from €141,502 to €111,322
- Gross operating margin -€25,720
down €25,720 (-9.4%), from €272,314 to €246,594
- Other operating charges +€4,634
up €4,634 (+121.3%), from €3,821 to €8,455
- Financial charges -€2,791
down €2,791 (-17.4%), from €15,999 to €13,208
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 | €973,436 | €935,324 | -€38,112 | -3.9% |
| Fixed assets | 21/28 | €708,628 | €588,349 | -€120,279 | -17.0% |
| Intangible fixed assets | 21 | - | €30,801 | +€30,801 | |
| Tangible fixed assets | 22/27 | €708,628 | €557,548 | -€151,081 | -21.3% |
| Land and buildings | 22 | €92,161 | €0 | -€92,161 | -100.0% |
| Plant, machinery and equipment | 23 | €591,146 | €498,798 | -€92,348 | -15.6% |
| Furniture and vehicles | 24 | €25,321 | €18,374 | -€6,947 | -27.4% |
| Other tangible fixed assets | 26 | - | €40,375 | +€40,375 | |
| Current assets | 29/58 | €264,808 | €346,976 | +€82,168 | +31.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €73,310 | €120,964 | +€47,654 | +65.0% |
| Trade receivables | 40 | €35,023 | €23,194 | -€11,829 | -33.8% |
| Other amounts receivable | 41 | €38,287 | €97,769 | +€59,483 | +155.4% |
| Cash at bank and in hand | 54/58 | €188,790 | €224,805 | +€36,015 | +19.1% |
| Deferred charges and accrued income | 490/1 | €2,709 | €1,207 | -€1,502 | -55.4% |
| Total equity and liabilities | 10/49 | €973,436 | €935,324 | -€38,112 | -3.9% |
| Equity | 10/15 | €469,916 | €505,530 | +€35,614 | +7.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €449,916 | €485,530 | +€35,614 | +7.9% |
| Distributable reserves | 133 | €449,916 | €485,530 | +€35,614 | +7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €503,520 | €429,795 | -€73,726 | -14.6% |
| Amounts payable after more than one year | 17 | €314,403 | €267,679 | -€46,724 | -14.9% |
| Financial debts | 170/4 | €314,403 | €267,679 | -€46,724 | -14.9% |
| Amounts payable within one year | 42/48 | €189,117 | €162,115 | -€27,002 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €101,810 | €46,724 | -€55,086 | -54.1% |
| Trade debts | 44 | €37,642 | €50,874 | +€13,232 | +35.2% |
| Suppliers | 440/4 | €37,642 | €50,874 | +€13,232 | +35.2% |
| Taxes, remuneration and social security | 45 | €34,756 | €18,435 | -€16,321 | -47.0% |
| Taxes | 450/3 | €34,756 | €18,435 | -€16,321 | -47.0% |
| Other amounts payable | 47/48 | €14,910 | €46,082 | +€31,173 | +209.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,502 | €111,322 | -€30,180 | -21.3% |
| Other operating charges | 640/8 | €3,821 | €8,455 | +€4,634 | +121.3% |
| Gross operating margin | 9900 | €272,314 | €246,594 | -€25,720 | -9.4% |
| Operating profit (loss) | 9901 | €126,992 | €126,817 | -€175 | -0.1% |
| Financial income | 75/76B | €2,197 | €3,395 | +€1,198 | +54.5% |
| Recurring financial income | 75 | €2,197 | €3,395 | +€1,198 | +54.5% |
| Financial charges | 65/66B | €15,999 | €13,208 | -€2,791 | -17.4% |
| Recurring financial charges | 65 | €15,999 | €13,208 | -€2,791 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €113,189 | €117,004 | +€3,815 | +3.4% |
| Income taxes | 67/77 | €36,680 | €35,307 | -€1,373 | -3.7% |
| Profit (loss) for the period | 9904 | €76,509 | €81,697 | +€5,187 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,509 | €81,697 | +€5,187 | +6.8% |
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 10 October 2026 via checked.be.