PRED: 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.
PRED
Largest movements
- Cash +€25,132
up €25,132 (+256.5%), from €9,798 to €34,930
mainly Net result for the year (+€25,107) and Depreciation (+€16,621)
- Tangible fixed assets -€10,962
down €10,962 (-21.6%), from €50,767 to €39,805
- Receivables within one year -€1,574
down €1,574 (-97.4%), from €1,616 to €42
- Profit (loss) carried forward +€25,107
up €25,107, from -€14,126 to €10,981
- Trade debts -€13,453
down €13,453 (-83.5%), from €16,118 to €2,665
- Tax, wage and social debts +€6,184
new in 2025: €6,184
- Other debts -€4,617
down €4,617 (-10.2%), from €45,132 to €40,515
- Gross operating margin +€31,670
up €31,670 (+145.1%), from €21,822 to €53,492
- Other operating charges +€6,605
up €6,605 (+172.0%), from €3,840 to €10,445
- Depreciation +€1,943
up €1,943 (+13.2%), from €14,678 to €16,621
- Taxes +€662
new in 2025: €662
- Financial charges +€617
up €617 (+1542.5%), from €40 to €657
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 | €65,724 | €78,945 | +€13,221 | +20.1% |
| Fixed assets | 21/28 | €54,310 | €43,348 | -€10,962 | -20.2% |
| Tangible fixed assets | 22/27 | €50,767 | €39,805 | -€10,962 | -21.6% |
| Furniture and vehicles | 24 | €50,767 | €39,805 | -€10,962 | -21.6% |
| Financial fixed assets | 28 | €3,543 | €3,543 | = | 0.0% |
| Current assets | 29/58 | €11,414 | €35,597 | +€24,183 | +211.9% |
| Amounts receivable within one year | 40/41 | €1,616 | €42 | -€1,574 | -97.4% |
| Other amounts receivable | 41 | €1,616 | €42 | -€1,574 | -97.4% |
| Cash at bank and in hand | 54/58 | €9,798 | €34,930 | +€25,132 | +256.5% |
| Deferred charges and accrued income | 490/1 | - | €625 | +€625 | |
| Total equity and liabilities | 10/49 | €65,724 | €78,945 | +€13,221 | +20.1% |
| Equity | 10/15 | €4,474 | €29,581 | +€25,107 | +561.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,126 | €10,981 | +€25,107 | |
| Amounts payable | 17/49 | €61,250 | €49,364 | -€11,886 | -19.4% |
| Amounts payable within one year | 42/48 | €61,250 | €49,364 | -€11,886 | -19.4% |
| Trade debts | 44 | €16,118 | €2,665 | -€13,453 | -83.5% |
| Suppliers | 440/4 | €16,118 | €2,665 | -€13,453 | -83.5% |
| Taxes, remuneration and social security | 45 | - | €6,184 | +€6,184 | |
| Taxes | 450/3 | - | €6,184 | +€6,184 | |
| Other amounts payable | 47/48 | €45,132 | €40,515 | -€4,617 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,678 | €16,621 | +€1,943 | +13.2% |
| Other operating charges | 640/8 | €3,840 | €10,445 | +€6,605 | +172.0% |
| Gross operating margin | 9900 | €21,822 | €53,492 | +€31,670 | +145.1% |
| Operating profit (loss) | 9901 | €3,304 | €26,426 | +€23,122 | +699.8% |
| Financial charges | 65/66B | €40 | €657 | +€617 | +1542.5% |
| Recurring financial charges | 65 | €40 | €657 | +€617 | +1542.5% |
| Profit (loss) for the period before taxes | 9903 | €3,264 | €25,769 | +€22,505 | +689.5% |
| Income taxes | 67/77 | - | €662 | +€662 | |
| Profit (loss) for the period | 9904 | €3,264 | €25,107 | +€21,843 | +669.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,264 | €25,107 | +€21,843 | +669.2% |
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 7 October 2026 via checked.be.