PREFACO: 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.
What changed
PREFACO
NACE 23.610, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20.6m
2024 · -€2.8m+€23.3m
Equity
€32.6m
2024 · €48.0m-€15.4m
Cash
€170,178
2024 · -+€170,178
Balance sheet total
€91.5m
2024 · €73.7m+€17.8m
Largest movements
Assets
- Receivables within one year +€47.6m
up €47.6m (+259.4%), from €18.4m to €66.0m
of which Other amounts receivable: +€51.7m
- Financial fixed assets -€42.3m
down €42.3m (-97.7%), from €43.3m to €981,599
of which Affiliated companies: -€42.3m
- Tangible fixed assets +€8.8m
up €8.8m (+130.4%), from €6.8m to €15.6m
of which Land and buildings: +€8.1m
- Stocks and contracts +€3.2m
up €3.2m (+62.7%), from €5.1m to €8.3m
Equity and liabilities
- Contributions -€49.9m
down €49.9m (-82.6%), from €60.5m to €10.6m
- Profit (loss) carried forward +€34.5m
up €34.5m, from -€13.9m to €20.6m
- Other debts +€27.8m
up €27.8m (+339.0%), from €8.2m to €36.0m
- Trade debts +€3.3m
up €3.3m (+23.2%), from €14.2m to €17.5m
- Tax, wage and social debts +€2.1m
up €2.1m (+65.8%), from €3.3m to €5.4m
of which Remuneration and social security: +€2.3m
Income statement
- Goods and materials -€14.6m
down €14.6m (-25.1%), from €58.2m to €43.6m
of which Purchases: -€14.5m
- Staff costs +€14.2m
up €14.2m (+95.2%), from €14.9m to €29.0m
- Services and other goods +€7.5m
up €7.5m (+53.1%), from €14.1m to €21.6m
- Other operating income +€5.1m
up €5.1m (+116.8%), from €4.3m to €9.4m
- Financial income +€3.4m
up €3.4m (+7394.6%), from €46,575 to €3.5m
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
-€2.8m
Turnover
+€1.8m
Other operating income
+€5.1m
Goods and materials
+€14.6m
Services and other goods
-€7.5m
Staff costs
-€14.2m
Depreciation
-€1.1m
Write-downs
+€27,756
Other operating charges
-€483,223
Other operating items
+€21.6m
Financial income
+€3.4m
Financial charges
-€9,207
Taxes
+€5,822
Result 2025
€20.6m
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.
From operations
+€4.8m
Investment
+€31.4m
Financing
-€36.0m
Cash 2024
€0
From operations (derived)
+€4.8m
Net result for the year
+€20.6m
Depreciation
+€2.0m
Stocks and contracts
-€3.2m
Receivables within one year
-€47.6m
Deferred charges and accrued income
-€249,464
Smaller working-capital items
+€23,924
Trade debts
+€3.3m
Tax, wage and social debts
+€2.1m
Other debts
+€27.8m
Investment (derived)
+€31.4m
Investment in fixed assets (net)
+€31.4m
Financing
-€36.0m
Contributions, distributions and other
-€36.0m
Cash 2025
€170,178
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,703,976 | €91,542,961 | +€17.8m | +24.2% |
| Fixed assets | 21/28 | €50,038,277 | €16,666,680 | -€33.4m | -66.7% |
| Intangible fixed assets | 21 | €287 | €104,741 | +€104,455 | +36438.5% |
| Tangible fixed assets | 22/27 | €6,763,311 | €15,580,339 | +€8.8m | +130.4% |
| Land and buildings | 22 | €3,293,410 | €11,372,224 | +€8.1m | +245.3% |
| Plant, machinery and equipment | 23 | €550,098 | €1,762,934 | +€1.2m | +220.5% |
| Furniture and vehicles | 24 | €19,640 | €21,694 | +€2,054 | +10.5% |
| Leasing and similar rights | 25 | €2,900,162 | €2,423,487 | -€476,675 | -16.4% |
| Financial fixed assets | 28 | €43,274,679 | €981,599 | -€42.3m | -97.7% |
| Affiliated companies | 280/1 | €43,244,570 | €951,490 | -€42.3m | -97.8% |
| Participating interests | 280 | €43,244,570 | €951,490 | -€42.3m | -97.8% |
| Other financial fixed assets | 284/8 | €30,109 | €30,109 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €30,109 | €30,109 | = | 0.0% |
| Current assets | 29/58 | €23,665,700 | €74,876,281 | +€51.2m | +216.4% |
| Stocks and contracts in progress | 3 | €5,075,155 | €8,257,476 | +€3.2m | +62.7% |
| Stocks | 30/36 | €5,075,155 | €8,257,476 | +€3.2m | +62.7% |
| Raw materials and consumables | 30/31 | €2,157,304 | €3,742,073 | +€1.6m | +73.5% |
| Finished goods | 33 | €2,917,851 | €4,515,403 | +€1.6m | +54.8% |
| Amounts receivable within one year | 40/41 | €18,354,492 | €65,963,110 | +€47.6m | +259.4% |
| Trade receivables | 40 | €18,354,492 | €14,213,361 | -€4.1m | -22.6% |
| Other amounts receivable | 41 | - | €51,749,749 | +€51.7m | |
| Cash at bank and in hand | 54/58 | - | €170,178 | +€170,178 | |
| Deferred charges and accrued income | 490/1 | €236,052 | €485,516 | +€249,464 | +105.7% |
| Total equity and liabilities | 10/49 | €73,703,976 | €91,542,961 | +€17.8m | +24.2% |
| Equity | 10/15 | €48,030,253 | €32,602,770 | -€15.4m | -32.1% |
| Contributions | 10/11 | €60,485,871 | €10,552,115 | -€49.9m | -82.6% |
| Capital | 10 | €60,485,871 | €10,552,115 | -€49.9m | -82.6% |
| Issued capital | 100 | €60,485,871 | €10,552,115 | -€49.9m | -82.6% |
| Reserves | 13 | €1,478,137 | €1,478,137 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,415,891 | €1,415,891 | = | 0.0% |
| Legal reserve | 130 | €1,415,891 | €1,415,891 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,273 | €39,273 | = | 0.0% |
| Distributable reserves | 133 | €22,974 | €22,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,933,756 | €20,572,518 | +€34.5m | |
| Provisions and deferred taxes | 16 | - | €409 | +€409 | |
| Deferred taxes | 168 | - | €409 | +€409 | |
| Amounts payable | 17/49 | €25,673,723 | €58,939,782 | +€33.3m | +129.6% |
| Amounts payable within one year | 42/48 | €25,673,723 | €58,939,782 | +€33.3m | +129.6% |
| Trade debts | 44 | €14,219,004 | €17,519,069 | +€3.3m | +23.2% |
| Suppliers | 440/4 | €14,219,004 | €17,519,069 | +€3.3m | +23.2% |
| Advances received on contracts in progress | 46 | - | €23,516 | +€23,516 | |
| Taxes, remuneration and social security | 45 | €3,254,568 | €5,397,197 | +€2.1m | +65.8% |
| Taxes | 450/3 | €820,361 | €640,169 | -€180,192 | -22.0% |
| Remuneration and social security | 454/9 | €2,434,208 | €4,757,029 | +€2.3m | +95.4% |
| Other amounts payable | 47/48 | €8,200,151 | €36,000,000 | +€27.8m | +339.0% |
| Operating income | 70/76A | €85,944,603 | €114,716,643 | +€28.8m | +33.5% |
| Turnover | 70 | €81,060,242 | €82,837,985 | +€1.8m | +2.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €291,510 | €1,046,471 | +€754,961 | +259.0% |
| Other operating income | 74 | €4,346,430 | €9,423,481 | +€5.1m | +116.8% |
| Non-recurring operating income | 76A | €246,420 | €21,408,707 | +€21.2m | +8587.9% |
| Operating charges | 60/66A | €88,323,647 | €97,192,649 | +€8.9m | +10.0% |
| Goods for resale, raw materials and consumables | 60 | €58,152,759 | €43,560,074 | -€14.6m | -25.1% |
| Purchases | 600/8 | €58,283,109 | €43,786,802 | -€14.5m | -24.9% |
| Change in stocks: decrease (increase) | 609 | -€130,349 | -€226,729 | -€96,379 | -73.9% |
| Services and other goods | 61 | €14,103,483 | €21,596,223 | +€7.5m | +53.1% |
| Remuneration, social security and pensions | 62 | €14,880,498 | €29,047,603 | +€14.2m | +95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €961,086 | €2,016,353 | +€1.1m | +109.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,756 | - | -€27,756 | |
| Other operating charges | 640/8 | €198,065 | €681,287 | +€483,223 | +244.0% |
| Non-recurring operating charges | 66A | - | €291,109 | +€291,109 | |
| Operating profit (loss) | 9901 | -€2,379,044 | €17,523,994 | +€19.9m | |
| Financial income | 75/76B | €46,575 | €3,490,635 | +€3.4m | +7394.6% |
| Recurring financial income | 75 | €46,575 | €3,490,635 | +€3.4m | +7394.6% |
| Income from financial fixed assets | 750 | - | €1,999,860 | +€2.0m | |
| Income from current assets | 751 | - | €1,331,997 | +€1.3m | |
| Other financial income | 752/9 | €46,575 | €158,778 | +€112,203 | +240.9% |
| Financial charges | 65/66B | €416,209 | €425,415 | +€9,207 | +2.2% |
| Recurring financial charges | 65 | €416,209 | €425,415 | +€9,207 | +2.2% |
| Debt charges | 650 | €191,605 | €143,741 | -€47,864 | -25.0% |
| Other financial charges | 652/9 | €224,604 | €281,674 | +€57,071 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,748,678 | €20,589,214 | +€23.3m | |
| Income taxes | 67/77 | €22,518 | €16,697 | -€5,822 | -25.9% |
| Taxes | 670/3 | €22,518 | €16,697 | -€5,822 | -25.9% |
| Profit (loss) for the period | 9904 | -€2,771,196 | €20,572,517 | +€23.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,771,196 | €20,572,517 | +€23.3m |
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 5 October 2026 via checked.be.