Precirix: 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.
Precirix
Largest movements
- Current investments -€8.3m
down €8.3m (-100.0%), from €8.3m to €0
- Receivables after one year -€2.8m
down €2.8m (-100.0%), from €2.8m to €0
- Cash +€2.1m
up €2.1m (+247.7%), from €865,734 to €3.0m
mainly Current portion of long-term debt (+€10.8m) and Current investments (+€8.3m)
- Tangible fixed assets -€2.0m
down €2.0m (-100.0%), from €2.0m to €0
of which Plant, machinery and equipment: -€1.4m
- Receivables within one year +€301,123
up €301,123 (+63.1%), from €477,345 to €778,468
of which Other amounts receivable: +€301,007
- Profit (loss) carried forward -€15.7m
down €15.7m (-23.5%), from -€66.8m to -€82.5m
- Current portion of long-term debt +€10.8m
up €10.8m (+215.4%), from €5.0m to €15.8m
- Debts after one year -€7.7m
down €7.7m (-100.0%), from €7.7m to €0
- Provisions +€1.8m
new in 2025: €1.8m
- Tax, wage and social debts +€219,817
up €219,817 (+50.3%), from €436,903 to €656,720
of which Taxes: +€156,435
- Gross operating margin -€4.1m
down €4.1m (-291.6%), from -€1.4m to -€5.5m
- Depreciation -€3.4m
down €3.4m (-62.9%), from €5.5m to €2.0m
- Taxes +€2.7m
up €2.7m, from -€262,591 to €2.5m
- Provisions +€1.8m
new in 2025: €1.8m
- Financial charges +€774,364
up €774,364 (+144.1%), from €537,379 to €1.3m
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 | €14,483,338 | €3,851,851 | -€10.6m | -73.4% |
| Fixed assets | 21/28 | €2,033,434 | €0 | -€2.0m | -100.0% |
| Tangible fixed assets | 22/27 | €2,033,434 | €0 | -€2.0m | -100.0% |
| Plant, machinery and equipment | 23 | €1,380,938 | €0 | -€1.4m | -100.0% |
| Furniture and vehicles | 24 | €90,382 | €0 | -€90,382 | -100.0% |
| Other tangible fixed assets | 26 | €562,114 | €0 | -€562,114 | -100.0% |
| Current assets | 29/58 | €12,449,904 | €3,851,851 | -€8.6m | -69.1% |
| Amounts receivable after more than one year | 29 | €2,779,079 | €0 | -€2.8m | -100.0% |
| Other amounts receivable | 291 | €2,779,079 | €0 | -€2.8m | -100.0% |
| Amounts receivable within one year | 40/41 | €477,345 | €778,468 | +€301,123 | +63.1% |
| Trade receivables | 40 | - | €117 | +€117 | |
| Other amounts receivable | 41 | €477,345 | €778,351 | +€301,007 | +63.1% |
| Current investments | 50/53 | €8,261,399 | €0 | -€8.3m | -100.0% |
| Cash at bank and in hand | 54/58 | €865,734 | €3,010,396 | +€2.1m | +247.7% |
| Deferred charges and accrued income | 490/1 | €66,347 | €62,987 | -€3,360 | -5.1% |
| Total equity and liabilities | 10/49 | €14,483,338 | €3,851,851 | -€10.6m | -73.4% |
| Equity | 10/15 | €59,605 | -€15,664,388 | -€15.7m | |
| Contributions | 10/11 | €66,847,176 | €66,847,176 | = | 0.0% |
| Capital | 10 | €21,529,954 | €21,529,954 | = | 0.0% |
| Issued capital | 100 | €21,529,954 | €21,529,954 | = | 0.0% |
| Outside capital | 11 | €45,317,222 | €45,317,222 | = | 0.0% |
| Share premium | 1100/10 | €45,317,222 | €45,317,222 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,787,571 | -€82,511,564 | -€15.7m | -23.5% |
| Provisions and deferred taxes | 16 | - | €1,815,056 | +€1.8m | |
| Provisions for liabilities and charges | 160/5 | - | €1,815,056 | +€1.8m | |
| Other liabilities and charges | 164/5 | - | €1,815,056 | +€1.8m | |
| Amounts payable | 17/49 | €14,423,733 | €17,701,182 | +€3.3m | +22.7% |
| Amounts payable after more than one year | 17 | €7,689,294 | €0 | -€7.7m | -100.0% |
| Financial debts | 170/4 | €7,689,294 | €0 | -€7.7m | -100.0% |
| Amounts payable within one year | 42/48 | €6,204,453 | €17,128,346 | +€10.9m | +176.1% |
| Current portion of amounts payable after more than one year | 42 | €5,000,000 | €15,772,327 | +€10.8m | +215.4% |
| Trade debts | 44 | €767,550 | €699,300 | -€68,250 | -8.9% |
| Suppliers | 440/4 | €767,550 | €699,300 | -€68,250 | -8.9% |
| Taxes, remuneration and social security | 45 | €436,903 | €656,720 | +€219,817 | +50.3% |
| Taxes | 450/3 | €15,634 | €172,068 | +€156,435 | +1000.6% |
| Remuneration and social security | 454/9 | €421,270 | €484,651 | +€63,382 | +15.0% |
| Accrued charges and deferred income | 492/3 | €529,986 | €572,836 | +€42,849 | +8.1% |
| Remuneration, social security and pensions | 62 | €2,563,602 | €2,631,587 | +€67,985 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,479,374 | €2,033,434 | -€3.4m | -62.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,815,056 | +€1.8m | |
| Other operating charges | 640/8 | €20,272 | €14,366 | -€5,907 | -29.1% |
| Non-recurring operating charges | 66A | €7,484 | €0 | -€7,484 | -100.0% |
| Gross operating margin | 9900 | -€1,414,159 | -€5,537,370 | -€4.1m | -291.6% |
| Operating profit (loss) | 9901 | -€9,484,891 | -€12,031,813 | -€2.5m | -26.9% |
| Financial income | 75/76B | €100,520 | €75,886 | -€24,634 | -24.5% |
| Recurring financial income | 75 | €100,520 | €75,886 | -€24,634 | -24.5% |
| Financial charges | 65/66B | €537,379 | €1,311,742 | +€774,364 | +144.1% |
| Recurring financial charges | 65 | €537,379 | €1,311,742 | +€774,364 | +144.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,921,750 | -€13,267,670 | -€3.3m | -33.7% |
| Income taxes | 67/77 | -€262,591 | €2,456,323 | +€2.7m | |
| Profit (loss) for the period | 9904 | -€9,659,159 | -€15,723,993 | -€6.1m | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,659,159 | -€15,723,993 | -€6.1m | -62.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 17 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.