PREDESCU: 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.
PREDESCU
Largest movements
- Receivables within one year -€39,529
down €39,529 (-51.5%), from €76,697 to €37,167
of which Trade receivables: -€39,900
- Tangible fixed assets -€10,728
down €10,728 (-32.0%), from €33,536 to €22,809
of which Furniture and vehicles: -€10,928
- Cash +€7,687
up €7,687 (+307%), from €2,504 to €10,191
mainly Receivables within one year (+€39,529) and Depreciation (+€11,959)
- Trade debts -€30,413
down €30,413 (-64.6%), from €47,103 to €16,691
- Reserves +€13,532
new in 2025: €13,532
- Current portion of long-term debt -€11,829
down €11,829 (-79.9%), from €14,797 to €2,968
- Profit (loss) carried forward -€10,566
down €10,566 (-35.8%), from €29,474 to €18,908
- Other debts -€5,753
down €5,753 (-77.4%), from €7,435 to €1,682
- Gross operating margin +€24,338
up €24,338 (+567%), from €4,291 to €28,629
- Financial charges -€470
down €470 (-45.6%), from €1,031 to €561
- Taxes +€459
up €459 (+213%), from €215 to €674
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 | €114,267 | €72,573 | -€41,693 | -36.5% |
| Fixed assets | 21/28 | €33,536 | €22,809 | -€10,728 | -32.0% |
| Tangible fixed assets | 22/27 | €33,536 | €22,809 | -€10,728 | -32.0% |
| Plant, machinery and equipment | 23 | €1,334 | €855 | -€479 | -35.9% |
| Furniture and vehicles | 24 | €28,184 | €17,256 | -€10,928 | -38.8% |
| Other tangible fixed assets | 26 | €4,019 | €4,698 | +€679 | +16.9% |
| Current assets | 29/58 | €80,730 | €49,765 | -€30,965 | -38.4% |
| Amounts receivable within one year | 40/41 | €76,697 | €37,167 | -€39,529 | -51.5% |
| Trade receivables | 40 | €75,150 | €35,250 | -€39,900 | -53.1% |
| Other amounts receivable | 41 | €1,547 | €1,917 | +€371 | +24.0% |
| Cash at bank and in hand | 54/58 | €2,504 | €10,191 | +€7,687 | +307% |
| Deferred charges and accrued income | 490/1 | €1,529 | €2,407 | +€877 | +57.4% |
| Total equity and liabilities | 10/49 | €114,267 | €72,573 | -€41,693 | -36.5% |
| Equity | 10/15 | €32,474 | €35,440 | +€2,966 | +9.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €13,532 | +€13,532 | |
| Tax-exempt reserves | 132 | - | €13,532 | +€13,532 | |
| Profit (loss) carried forward | 14 | €29,474 | €18,908 | -€10,566 | -35.8% |
| Provisions and deferred taxes | 16 | - | €3,383 | +€3,383 | |
| Deferred taxes | 168 | - | €3,383 | +€3,383 | |
| Amounts payable | 17/49 | €81,792 | €33,750 | -€48,042 | -58.7% |
| Amounts payable after more than one year | 17 | €2,968 | €0 | -€2,968 | -100% |
| Financial debts | 170/4 | €2,968 | €0 | -€2,968 | -100% |
| Amounts payable within one year | 42/48 | €78,758 | €33,684 | -€45,074 | -57.2% |
| Current portion of amounts payable after more than one year | 42 | €14,797 | €2,968 | -€11,829 | -79.9% |
| Trade debts | 44 | €47,103 | €16,691 | -€30,413 | -64.6% |
| Suppliers | 440/4 | €47,103 | €16,691 | -€30,413 | -64.6% |
| Taxes, remuneration and social security | 45 | €9,423 | €12,343 | +€2,921 | +31.0% |
| Taxes | 450/3 | €5,923 | €8,843 | +€2,921 | +49.3% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €7,435 | €1,682 | -€5,753 | -77.4% |
| Accrued charges and deferred income | 492/3 | €67 | €67 | = | 0.0% |
| Non-recurring operating income | 76A | - | €17,000 | +€17,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,874 | €11,959 | +€85 | +0.7% |
| Other operating charges | 640/8 | €1,036 | €1,088 | +€51 | +4.9% |
| Gross operating margin | 9900 | €4,291 | €28,629 | +€24,338 | +567% |
| Operating profit (loss) | 9901 | -€8,619 | €15,583 | +€24,202 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +6,900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6,900% |
| Financial charges | 65/66B | €1,031 | €561 | -€470 | -45.6% |
| Recurring financial charges | 65 | €1,031 | €561 | -€470 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,650 | €15,023 | +€24,673 | |
| Transfer from deferred taxes | 780 | - | €17 | +€17 | |
| Transfer to deferred taxes | 680 | - | €3,400 | +€3,400 | |
| Income taxes | 67/77 | €215 | €674 | +€459 | +213% |
| Profit (loss) for the period | 9904 | -€9,865 | €10,966 | +€20,831 | |
| Transfer from tax-exempt reserves | 789 | - | €68 | +€68 | |
| Transfer to tax-exempt reserves | 689 | - | €13,600 | +€13,600 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,865 | -€2,566 | +€7,299 | +74.0% |
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 17 October 2026 via checked.be.