PRECISION LIEGEOISE: 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.
PRECISION LIEGEOISE
Largest movements
- Current investments -€233,476
down €233,476 (-61.3%), from €381,182 to €147,706
- Receivables within one year -€194,867
down €194,867 (-22.8%), from €852,838 to €657,971
of which Trade receivables: -€109,077
- Stocks and contracts +€83,550
up €83,550 (+21.5%), from €388,646 to €472,195
- Tangible fixed assets -€68,642
down €68,642 (-10.8%), from €636,573 to €567,932
of which Plant, machinery and equipment: -€47,484
- Trade debts -€268,054
down €268,054 (-48.4%), from €553,505 to €285,451
of which Suppliers: -€263,716
- Profit (loss) carried forward -€81,040
down €81,040 (-35.1%), from €230,886 to €149,846
- Debts after one year -€32,774
down €32,774 (-14.8%), from €220,918 to €188,143
- Gross operating margin -€247,955
down €247,955 (-23.6%), from €1.1m to €804,529
- Staff costs -€43,078
down €43,078 (-5.2%), from €822,393 to €779,315
- Taxes -€42,270
down €42,270 (-98.1%), from €43,102 to €832
- Financial income -€11,368
down €11,368 (-61.7%), from €18,411 to €7,043
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 | €2,575,788 | €2,173,816 | -€401,972 | -15.6% |
| Fixed assets | 21/28 | €649,223 | €580,582 | -€68,642 | -10.6% |
| Tangible fixed assets | 22/27 | €636,573 | €567,932 | -€68,642 | -10.8% |
| Land and buildings | 22 | €335,303 | €296,100 | -€39,204 | -11.7% |
| Plant, machinery and equipment | 23 | €245,157 | €197,674 | -€47,484 | -19.4% |
| Furniture and vehicles | 24 | €56,113 | €74,159 | +€18,046 | +32.2% |
| Financial fixed assets | 28 | €12,650 | €12,650 | = | 0.0% |
| Current assets | 29/58 | €1,926,565 | €1,593,234 | -€333,331 | -17.3% |
| Stocks and contracts in progress | 3 | €388,646 | €472,195 | +€83,550 | +21.5% |
| Stocks | 30/36 | €388,646 | €472,195 | +€83,550 | +21.5% |
| Amounts receivable within one year | 40/41 | €852,838 | €657,971 | -€194,867 | -22.8% |
| Trade receivables | 40 | €697,467 | €588,391 | -€109,077 | -15.6% |
| Other amounts receivable | 41 | €155,370 | €69,580 | -€85,791 | -55.2% |
| Current investments | 50/53 | €381,182 | €147,706 | -€233,476 | -61.3% |
| Cash at bank and in hand | 54/58 | €294,126 | €314,140 | +€20,014 | +6.8% |
| Deferred charges and accrued income | 490/1 | €9,773 | €1,222 | -€8,551 | -87.5% |
| Total equity and liabilities | 10/49 | €2,575,788 | €2,173,816 | -€401,972 | -15.6% |
| Equity | 10/15 | €1,427,111 | €1,343,663 | -€83,448 | -5.8% |
| Contributions | 10/11 | €1,066,105 | €1,066,105 | = | 0.0% |
| Capital | 10 | €1,066,105 | €1,066,105 | = | 0.0% |
| Issued capital | 100 | €1,066,105 | €1,066,105 | = | 0.0% |
| Reserves | 13 | €106,611 | €106,611 | = | 0.0% |
| Non-distributable reserves | 130/1 | €106,611 | €106,611 | = | 0.0% |
| Legal reserve | 130 | €106,611 | €106,611 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,886 | €149,846 | -€81,040 | -35.1% |
| Investment grants | 15 | €23,509 | €21,102 | -€2,408 | -10.2% |
| Amounts payable | 17/49 | €1,148,677 | €830,152 | -€318,525 | -27.7% |
| Amounts payable after more than one year | 17 | €220,918 | €188,143 | -€32,774 | -14.8% |
| Financial debts | 170/4 | €220,918 | €188,143 | -€32,774 | -14.8% |
| Amounts payable within one year | 42/48 | €910,959 | €641,919 | -€269,040 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €79,929 | €67,774 | -€12,155 | -15.2% |
| Trade debts | 44 | €553,505 | €285,451 | -€268,054 | -48.4% |
| Suppliers | 440/4 | €547,418 | €283,701 | -€263,716 | -48.2% |
| Bills of exchange payable | 441 | €6,087 | €1,750 | -€4,337 | -71.3% |
| Taxes, remuneration and social security | 45 | €137,240 | €141,669 | +€4,429 | +3.2% |
| Taxes | 450/3 | €9,927 | €23,594 | +€13,667 | +137.7% |
| Remuneration and social security | 454/9 | €127,313 | €118,075 | -€9,238 | -7.3% |
| Other amounts payable | 47/48 | €140,285 | €147,025 | +€6,740 | +4.8% |
| Accrued charges and deferred income | 492/3 | €16,800 | €89 | -€16,711 | -99.5% |
| Remuneration, social security and pensions | 62 | €822,393 | €779,315 | -€43,078 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,104 | €87,923 | +€3,820 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,919 | +€1,919 | |
| Other operating charges | 640/8 | €11,257 | €10,875 | -€382 | -3.4% |
| Gross operating margin | 9900 | €1,052,484 | €804,529 | -€247,955 | -23.6% |
| Operating profit (loss) | 9901 | €134,730 | -€75,504 | -€210,234 | |
| Financial income | 75/76B | €18,411 | €7,043 | -€11,368 | -61.7% |
| Recurring financial income | 75 | €18,411 | €7,043 | -€11,368 | -61.7% |
| Financial charges | 65/66B | €7,033 | €11,747 | +€4,713 | +67.0% |
| Recurring financial charges | 65 | €7,033 | €11,747 | +€4,713 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | €146,108 | -€80,208 | -€226,316 | |
| Income taxes | 67/77 | €43,102 | €832 | -€42,270 | -98.1% |
| Profit (loss) for the period | 9904 | €103,006 | -€81,040 | -€184,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,006 | -€81,040 | -€184,046 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.