PRECISION CIRCUITS (BELGIUM): 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.
PRECISION CIRCUITS (BELGIUM)
Largest movements
- Cash +€237,678
up €237,678 (+592%), from €40,160 to €277,838
mainly Investment in fixed assets (net) (+€142,250) and Net result for the year (+€74,411)
- Tangible fixed assets -€165,110
down €165,110 (-28.0%), from €589,442 to €424,332
of which Land and buildings: -€164,376
- Receivables within one year +€9,023
up €9,023 (+177%), from €5,095 to €14,119
of which Trade receivables: +€5,362
- Other debts +€68,900
new in 2025: €68,900
- Tax, wage and social debts +€50,196
up €50,196 (+484%), from €10,379 to €60,575
of which Taxes: +€48,677
- Provisions -€28,552
down €28,552 (-30.8%), from €92,631 to €64,079
- Current portion of long-term debt -€23,058
no longer reported in 2025 (was €23,058)
- Gross operating margin +€130,650
up €130,650 (+209%), from €62,474 to €193,124
- Taxes +€49,218
up €49,218 (+7,586%), from €649 to €49,867
- Depreciation -€3,672
down €3,672 (-11.4%), from €32,219 to €28,546
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,785 | €718,813 | +€76,028 | +11.8% |
| Fixed assets | 21/28 | €595,530 | €424,733 | -€170,796 | -28.7% |
| Intangible fixed assets | 21 | €5,686 | - | -€5,686 | |
| Tangible fixed assets | 22/27 | €589,442 | €424,332 | -€165,110 | -28.0% |
| Land and buildings | 22 | €587,045 | €422,669 | -€164,376 | -28.0% |
| Furniture and vehicles | 24 | €2,396 | €1,663 | -€734 | -30.6% |
| Financial fixed assets | 28 | €402 | €402 | = | 0.0% |
| Current assets | 29/58 | €47,256 | €294,080 | +€246,824 | +522% |
| Stocks and contracts in progress | 3 | €2,000 | €1,500 | -€500 | -25.0% |
| Stocks | 30/36 | €2,000 | €1,500 | -€500 | -25.0% |
| Amounts receivable within one year | 40/41 | €5,095 | €14,119 | +€9,023 | +177% |
| Trade receivables | 40 | €4,511 | €9,873 | +€5,362 | +119% |
| Other amounts receivable | 41 | €585 | €4,246 | +€3,661 | +626% |
| Cash at bank and in hand | 54/58 | €40,160 | €277,838 | +€237,678 | +592% |
| Deferred charges and accrued income | 490/1 | - | €623 | +€623 | |
| Total equity and liabilities | 10/49 | €642,785 | €718,813 | +€76,028 | +11.8% |
| Equity | 10/15 | €508,179 | €513,690 | +€5,511 | +1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €573,238 | €578,682 | +€5,444 | +0.9% |
| Tax-exempt reserves | 132 | €277,884 | €192,228 | -€85,656 | -30.8% |
| Distributable reserves | 133 | €295,353 | €386,453 | +€91,100 | +30.8% |
| Profit (loss) carried forward | 14 | -€83,651 | -€83,584 | +€66 | +0.1% |
| Provisions and deferred taxes | 16 | €92,631 | €64,079 | -€28,552 | -30.8% |
| Deferred taxes | 168 | €92,631 | €64,079 | -€28,552 | -30.8% |
| Amounts payable | 17/49 | €41,975 | €141,044 | +€99,069 | +236% |
| Amounts payable within one year | 42/48 | €41,975 | €141,044 | +€99,069 | +236% |
| Current portion of amounts payable after more than one year | 42 | €23,058 | - | -€23,058 | |
| Trade debts | 44 | €8,537 | €11,569 | +€3,032 | +35.5% |
| Suppliers | 440/4 | €8,537 | €11,569 | +€3,032 | +35.5% |
| Taxes, remuneration and social security | 45 | €10,379 | €60,575 | +€50,196 | +484% |
| Taxes | 450/3 | €1,190 | €49,867 | +€48,677 | +4,091% |
| Remuneration and social security | 454/9 | €9,189 | €10,708 | +€1,519 | +16.5% |
| Other amounts payable | 47/48 | - | €68,900 | +€68,900 | |
| Non-recurring operating income | 76A | - | €132,750 | +€132,750 | |
| Remuneration, social security and pensions | 62 | €61,036 | €60,996 | -€40 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,219 | €28,546 | -€3,672 | -11.4% |
| Other operating charges | 640/8 | €6,190 | €5,693 | -€497 | -8.0% |
| Gross operating margin | 9900 | €62,474 | €193,124 | +€130,650 | +209% |
| Operating profit (loss) | 9901 | -€36,971 | €97,888 | +€134,860 | |
| Financial income | 75/76B | €56 | €1 | -€56 | -99.0% |
| Recurring financial income | 75 | €56 | €1 | -€56 | -99.0% |
| Financial charges | 65/66B | €2,748 | €2,163 | -€585 | -21.3% |
| Recurring financial charges | 65 | €2,748 | €2,163 | -€585 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€39,663 | €95,726 | +€135,389 | |
| Transfer from deferred taxes | 780 | €23,727 | €28,552 | +€4,825 | +20.3% |
| Income taxes | 67/77 | €649 | €49,867 | +€49,218 | +7,586% |
| Profit (loss) for the period | 9904 | -€16,585 | €74,411 | +€90,996 | |
| Transfer from tax-exempt reserves | 789 | - | €85,656 | +€85,656 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,585 | €160,066 | +€176,652 |
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 27 October 2026 via checked.be.