PRECIRONDS: 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.
What changed
PRECIRONDS
NACE 25.402, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€167,896
2024 · €359,606-€191,711
Equity
€4.2m
2024 · €4.2m+€67,921
Cash
€158,951
2024 · €1.2m-€1.0m
Balance sheet total
€5.7m
2024 · €5.8m-€69,233
Largest movements
Assets
- Cash -€1.0m
down €1.0m (-86.3%), from €1.2m to €158,951
mainly Current investments (-€665,000) and Other debts (-€200,165)
- Current investments +€665,000
up €665,000 (+133%), from €500,000 to €1.2m
- Stocks and contracts +€176,419
up €176,419 (+15.1%), from €1.2m to €1.3m
- Receivables within one year +€80,083
up €80,083 (+3.6%), from €2.2m to €2.3m
of which Trade receivables: +€74,893
Equity and liabilities
- Other debts -€200,165
down €200,165 (-66.7%), from €300,190 to €100,025
- Provisions +€180,000
up €180,000 (+537%), from €33,500 to €213,500
- Trade debts -€81,075
down €81,075 (-6.9%), from €1.2m to €1.1m
- Profit (loss) carried forward +€67,921
up €67,921 (+1.8%), from €3.7m to €3.8m
Income statement
- Turnover -€1.6m
down €1.6m (-11.5%), from €14.1m to €12.5m
- Goods and materials -€1.4m
down €1.4m (-11.2%), from €12.3m to €11.0m
of which Purchases: -€867,968
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.
Result 2024
€359,606
Turnover
-€1.6m
Other operating income
+€12,729
Goods and materials
+€1.4m
Services and other goods
+€45,160
Staff costs
+€841
Depreciation
+€5,503
Write-downs
-€3,542
Other operating charges
+€26,338
Other operating items
-€180,000
Financial income
+€47,923
Financial charges
+€947
Taxes
+€84,147
Result 2025
€167,896
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€124,834
Investment
-€744,806
Financing
-€134,001
Cash 2024
€1.2m
From operations (derived)
-€124,834
Net result for the year
+€167,896
Depreciation
+€90,022
Stocks and contracts
-€176,419
Receivables within one year
-€80,083
Deferred charges and accrued income
-€23,122
Provisions
+€180,000
Trade debts
-€81,075
Tax, wage and social debts
-€1,888
Other debts
-€200,165
Investment (derived)
-€744,806
Investment in fixed assets (net)
-€79,806
Current investments
-€665,000
Financing
-€134,001
Current portion of long-term debt
-€34,026
Contributions, distributions and other
-€99,975
Cash 2025
€158,951
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,779,935 | €5,710,702 | -€69,233 | -1.2% |
| Fixed assets | 21/28 | €633,096 | €622,880 | -€10,216 | -1.6% |
| Tangible fixed assets | 22/27 | €429,132 | €418,917 | -€10,216 | -2.4% |
| Land and buildings | 22 | €294,839 | €272,504 | -€22,336 | -7.6% |
| Plant, machinery and equipment | 23 | €68,622 | €45,322 | -€23,301 | -34.0% |
| Furniture and vehicles | 24 | €65,671 | €101,092 | +€35,421 | +53.9% |
| Financial fixed assets | 28 | €203,964 | €203,964 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €203,205 | €203,205 | = | 0.0% |
| Participating interests | 282 | €203,205 | €203,205 | = | 0.0% |
| Other financial fixed assets | 284/8 | €759 | €759 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €759 | €759 | = | 0.0% |
| Current assets | 29/58 | €5,146,839 | €5,087,822 | -€59,017 | -1.1% |
| Stocks and contracts in progress | 3 | €1,170,019 | €1,346,438 | +€176,419 | +15.1% |
| Stocks | 30/36 | €1,170,019 | €1,346,438 | +€176,419 | +15.1% |
| Goods purchased for resale | 34 | €1,170,019 | €1,346,438 | +€176,419 | +15.1% |
| Amounts receivable within one year | 40/41 | €2,246,405 | €2,326,487 | +€80,083 | +3.6% |
| Trade receivables | 40 | €2,246,360 | €2,321,253 | +€74,893 | +3.3% |
| Other amounts receivable | 41 | €45 | €5,234 | +€5,189 | +11,609% |
| Current investments | 50/53 | €500,000 | €1,165,000 | +€665,000 | +133% |
| Other investments | 51/53 | €500,000 | €1,165,000 | +€665,000 | +133% |
| Cash at bank and in hand | 54/58 | €1,162,592 | €158,951 | -€1.0m | -86.3% |
| Deferred charges and accrued income | 490/1 | €67,824 | €90,946 | +€23,122 | +34.1% |
| Total equity and liabilities | 10/49 | €5,779,935 | €5,710,702 | -€69,233 | -1.2% |
| Equity | 10/15 | €4,168,292 | €4,236,213 | +€67,921 | +1.6% |
| Contributions | 10/11 | €167,328 | €167,328 | = | 0.0% |
| Capital | 10 | €133,243 | €133,243 | = | 0.0% |
| Issued capital | 100 | €133,243 | €133,243 | = | 0.0% |
| Contributions outside capital | 11 | €34,085 | €34,085 | = | 0.0% |
| Share premium | 1100/10 | €34,085 | €34,085 | = | 0.0% |
| Reserves | 13 | €313,324 | €313,324 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,324 | €13,324 | = | 0.0% |
| Legal reserve | 130 | €13,324 | €13,324 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,687,640 | €3,755,561 | +€67,921 | +1.8% |
| Provisions and deferred taxes | 16 | €33,500 | €213,500 | +€180,000 | +537% |
| Provisions for liabilities and charges | 160/5 | €33,500 | €213,500 | +€180,000 | +537% |
| Major repairs and maintenance | 162 | €33,500 | €33,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | - | €180,000 | +€180,000 | |
| Amounts payable | 17/49 | €1,578,143 | €1,260,989 | -€317,154 | -20.1% |
| Amounts payable within one year | 42/48 | €1,578,143 | €1,260,989 | -€317,154 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €34,026 | - | -€34,026 | |
| Trade debts | 44 | €1,171,858 | €1,090,784 | -€81,075 | -6.9% |
| Suppliers | 440/4 | €1,171,858 | €1,090,784 | -€81,075 | -6.9% |
| Taxes, remuneration and social security | 45 | €72,068 | €70,180 | -€1,888 | -2.6% |
| Taxes | 450/3 | €2,287 | - | -€2,287 | |
| Remuneration and social security | 454/9 | €69,780 | €70,180 | +€400 | +0.6% |
| Other amounts payable | 47/48 | €300,190 | €100,025 | -€200,165 | -66.7% |
| Operating income | 70/76A | €14,195,306 | €12,593,813 | -€1.6m | -11.3% |
| Turnover | 70 | €14,096,726 | €12,482,503 | -€1.6m | -11.5% |
| Other operating income | 74 | €98,581 | €111,310 | +€12,729 | +12.9% |
| Operating charges | 60/66A | €13,854,199 | €12,577,432 | -€1.3m | -9.2% |
| Goods for resale, raw materials and consumables | 60 | €12,344,321 | €10,961,853 | -€1.4m | -11.2% |
| Purchases | 600/8 | €12,006,240 | €11,138,272 | -€867,968 | -7.2% |
| Change in stocks: decrease (increase) | 609 | €338,081 | -€176,419 | -€514,500 | |
| Services and other goods | 61 | €575,532 | €530,372 | -€45,160 | -7.8% |
| Remuneration, social security and pensions | 62 | €757,474 | €756,634 | -€841 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,525 | €90,022 | -€5,503 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,542 | - | +€3,542 | |
| Other operating charges | 640/8 | €84,889 | €58,551 | -€26,338 | -31.0% |
| Non-recurring operating charges | 66A | - | €180,000 | +€180,000 | |
| Operating profit (loss) | 9901 | €341,108 | €16,381 | -€324,726 | -95.2% |
| Financial income | 75/76B | €127,052 | €174,974 | +€47,923 | +37.7% |
| Recurring financial income | 75 | €127,052 | €174,974 | +€47,923 | +37.7% |
| Income from financial fixed assets | 750 | €78,080 | €135,420 | +€57,340 | +73.4% |
| Income from current assets | 751 | €43,483 | €33,222 | -€10,261 | -23.6% |
| Other financial income | 752/9 | €5,488 | €6,332 | +€843 | +15.4% |
| Financial charges | 65/66B | €7,552 | €6,606 | -€947 | -12.5% |
| Recurring financial charges | 65 | €7,552 | €6,606 | -€947 | -12.5% |
| Debt charges | 650 | €2,006 | €186 | -€1,820 | -90.7% |
| Other financial charges | 652/9 | €5,546 | €6,420 | +€874 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €460,607 | €184,750 | -€275,857 | -59.9% |
| Income taxes | 67/77 | €101,000 | €16,854 | -€84,147 | -83.3% |
| Taxes | 670/3 | €101,000 | €16,854 | -€84,147 | -83.3% |
| Profit (loss) for the period | 9904 | €359,606 | €167,896 | -€191,711 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €359,606 | €167,896 | -€191,711 | -53.3% |
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 23 October 2026 via checked.be.