PreCast: 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.
PreCast
Largest movements
- Cash +€720,115
up €720,115 (+232.3%), from €310,026 to €1.0m
mainly Current investments (+€500,000) and Depreciation (+€296,051)
- Current investments -€500,000
down €500,000 (-100.0%), from €500,000 to €0
- Tangible fixed assets -€71,051
down €71,051 (-3.5%), from €2.0m to €2.0m
of which Land and buildings: -€53,173
- Reserves +€275,293
up €275,293 (+12.8%), from €2.1m to €2.4m
of which Distributable reserves: +€275,293
- Debts after one year -€115,385
down €115,385 (-10.8%), from €1.1m to €951,923
- Gross operating margin +€129,006
up €129,006 (+15.0%), from €857,788 to €986,794
- Taxes -€63,924
down €63,924 (-40.6%), from €157,450 to €93,526
- Staff costs +€36,138
up €36,138 (+13.5%), from €266,889 to €303,027
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 | €3,922,029 | €4,070,358 | +€148,329 | +3.8% |
| Fixed assets | 21/28 | €2,034,042 | €1,962,990 | -€71,051 | -3.5% |
| Tangible fixed assets | 22/27 | €2,034,042 | €1,962,990 | -€71,051 | -3.5% |
| Land and buildings | 22 | €1,504,123 | €1,450,950 | -€53,173 | -3.5% |
| Plant, machinery and equipment | 23 | €529,919 | €512,040 | -€17,879 | -3.4% |
| Current assets | 29/58 | €1,887,987 | €2,107,367 | +€219,380 | +11.6% |
| Stocks and contracts in progress | 3 | €37,584 | €59,405 | +€21,822 | +58.1% |
| Stocks | 30/36 | €37,584 | €59,405 | +€21,822 | +58.1% |
| Amounts receivable within one year | 40/41 | €1,039,572 | €1,017,010 | -€22,562 | -2.2% |
| Trade receivables | 40 | €960,638 | €1,008,823 | +€48,185 | +5.0% |
| Other amounts receivable | 41 | €78,934 | €8,187 | -€70,747 | -89.6% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €310,026 | €1,030,141 | +€720,115 | +232.3% |
| Deferred charges and accrued income | 490/1 | €806 | €811 | +€5 | +0.7% |
| Total equity and liabilities | 10/49 | €3,922,029 | €4,070,358 | +€148,329 | +3.8% |
| Equity | 10/15 | €2,664,092 | €2,939,386 | +€275,293 | +10.3% |
| Contributions | 10/11 | €521,400 | €521,400 | = | 0.0% |
| Capital | 10 | €521,400 | €521,400 | = | 0.0% |
| Issued capital | 100 | €521,400 | €521,400 | = | 0.0% |
| Reserves | 13 | €2,142,692 | €2,417,986 | +€275,293 | +12.8% |
| Non-distributable reserves | 130/1 | €74,520 | €74,520 | = | 0.0% |
| Legal reserve | 130 | €52,140 | €52,140 | = | 0.0% |
| Other | 1319 | €22,380 | €22,380 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,043 | €30,043 | = | 0.0% |
| Distributable reserves | 133 | €2,038,129 | €2,313,423 | +€275,293 | +13.5% |
| Amounts payable | 17/49 | €1,257,937 | €1,130,972 | -€126,965 | -10.1% |
| Amounts payable after more than one year | 17 | €1,067,308 | €951,923 | -€115,385 | -10.8% |
| Financial debts | 170/4 | €1,067,308 | €951,923 | -€115,385 | -10.8% |
| Amounts payable within one year | 42/48 | €190,629 | €179,049 | -€11,580 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €115,385 | €115,385 | = | 0.0% |
| Trade debts | 44 | €48,488 | €37,813 | -€10,675 | -22.0% |
| Suppliers | 440/4 | €48,488 | €37,813 | -€10,675 | -22.0% |
| Taxes, remuneration and social security | 45 | €26,756 | €25,851 | -€905 | -3.4% |
| Taxes | 450/3 | €20,458 | €21,231 | +€774 | +3.8% |
| Remuneration and social security | 454/9 | €6,299 | €4,620 | -€1,679 | -26.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €266,889 | €303,027 | +€36,138 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291,387 | €296,051 | +€4,664 | +1.6% |
| Other operating charges | 640/8 | €14,110 | €16,514 | +€2,404 | +17.0% |
| Gross operating margin | 9900 | €857,788 | €986,794 | +€129,006 | +15.0% |
| Operating profit (loss) | 9901 | €285,402 | €371,201 | +€85,799 | +30.1% |
| Financial income | 75/76B | €3,646 | €9,467 | +€5,821 | +159.6% |
| Recurring financial income | 75 | €3,646 | €9,467 | +€5,821 | +159.6% |
| Financial charges | 65/66B | €12,843 | €11,849 | -€995 | -7.7% |
| Recurring financial charges | 65 | €12,843 | €11,849 | -€995 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €276,205 | €368,819 | +€92,614 | +33.5% |
| Income taxes | 67/77 | €157,450 | €93,526 | -€63,924 | -40.6% |
| Profit (loss) for the period | 9904 | €118,755 | €275,293 | +€156,539 | +131.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,755 | €275,293 | +€156,539 | +131.8% |
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 11 October 2026 via checked.be.