PREFAMAC: 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.
PREFAMAC
Largest movements
- Financial fixed assets -€560,483
no longer reported in 2025 (was €560,483)
- Tangible fixed assets +€462,552
up €462,552 (+101%), from €455,851 to €918,403
of which Land and buildings: +€461,650
- Receivables within one year +€100,993
up €100,993 (+7,240%), from €1,395 to €102,388
- Reserves -€56,175
down €56,175 (-15.9%), from €353,914 to €297,740
of which Distributable reserves: -€49,682
- Current portion of long-term debt -€40,060
no longer reported in 2025 (was €40,060)
- Debts after one year +€34,565
up €34,565 (+10.7%), from €324,225 to €358,790
- Trade debts +€34,049
up €34,049 (+1,368%), from €2,490 to €36,538
- Other debts +€23,525
up €23,525 (+29.8%), from €79,025 to €102,550
- Gross operating margin +€532,057
up €532,057 (+1,100%), from €48,355 to €580,412
- Other operating charges -€10,400
down €10,400 (-90.4%), from €11,499 to €1,099
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 | €1,027,368 | €1,021,330 | -€6,039 | -0.6% |
| Fixed assets | 21/28 | €1,016,333 | €918,403 | -€97,930 | -9.6% |
| Tangible fixed assets | 22/27 | €455,851 | €918,403 | +€462,552 | +101% |
| Land and buildings | 22 | €455,851 | €917,501 | +€461,650 | +101% |
| Furniture and vehicles | 24 | - | €902 | +€902 | |
| Financial fixed assets | 28 | €560,483 | - | -€560,483 | |
| Current assets | 29/58 | €11,035 | €102,927 | +€91,892 | +833% |
| Amounts receivable within one year | 40/41 | €1,395 | €102,388 | +€100,993 | +7,240% |
| Other amounts receivable | 41 | €1,395 | €102,388 | +€100,993 | +7,240% |
| Cash at bank and in hand | 54/58 | €9,640 | €539 | -€9,101 | -94.4% |
| Total equity and liabilities | 10/49 | €1,027,368 | €1,021,330 | -€6,039 | -0.6% |
| Equity | 10/15 | €563,914 | €507,740 | -€56,175 | -10.0% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Capital | 10 | €210,000 | €210,000 | = | 0.0% |
| Issued capital | 100 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €353,914 | €297,740 | -€56,175 | -15.9% |
| Non-distributable reserves | 130/1 | €21,000 | €21,000 | = | 0.0% |
| Legal reserve | 130 | €21,000 | €21,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,916 | €64,423 | -€6,493 | -9.2% |
| Distributable reserves | 133 | €261,998 | €212,316 | -€49,682 | -19.0% |
| Provisions and deferred taxes | 16 | €17,389 | €15,224 | -€2,164 | -12.4% |
| Deferred taxes | 168 | €17,389 | €15,224 | -€2,164 | -12.4% |
| Amounts payable | 17/49 | €446,065 | €498,366 | +€52,300 | +11.7% |
| Amounts payable after more than one year | 17 | €324,225 | €358,790 | +€34,565 | +10.7% |
| Financial debts | 170/4 | €324,225 | €358,790 | +€34,565 | +10.7% |
| Amounts payable within one year | 42/48 | €121,841 | €139,576 | +€17,735 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €40,060 | - | -€40,060 | |
| Trade debts | 44 | €2,490 | €36,538 | +€34,049 | +1,368% |
| Suppliers | 440/4 | €2,490 | €36,538 | +€34,049 | +1,368% |
| Taxes, remuneration and social security | 45 | €267 | €488 | +€221 | +82.7% |
| Taxes | 450/3 | €267 | €488 | +€221 | +82.7% |
| Other amounts payable | 47/48 | €79,025 | €102,550 | +€23,525 | +29.8% |
| Non-recurring operating income | 76A | - | €531,572 | +€531,572 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,922 | €40,319 | +€397 | +1.0% |
| Other operating charges | 640/8 | €11,499 | €1,099 | -€10,400 | -90.4% |
| Non-recurring operating charges | 66A | €1,191 | €594,778 | +€593,587 | +49,849% |
| Gross operating margin | 9900 | €48,355 | €580,412 | +€532,057 | +1,100% |
| Operating profit (loss) | 9901 | -€4,256 | -€55,784 | -€51,527 | -1,211% |
| Financial income | 75/76B | €462 | €980 | +€518 | +112% |
| Recurring financial income | 75 | €462 | €980 | +€518 | +112% |
| Financial charges | 65/66B | €8,703 | €3,536 | -€5,167 | -59.4% |
| Recurring financial charges | 65 | €8,703 | €3,536 | -€5,167 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,497 | -€58,339 | -€45,841 | -367% |
| Transfer from deferred taxes | 780 | €2,164 | €2,164 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€10,333 | -€56,175 | -€45,841 | -444% |
| Transfer from tax-exempt reserves | 789 | €6,493 | €6,493 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,840 | -€49,682 | -€45,841 | -1,194% |
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 25 October 2026 via checked.be.