PREFAND: 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.
What changed
PREFAND
NACE 23.610, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€515,989
2024 · €436,020+€79,970
Equity
€2.6m
2024 · €2.1m+€515,339
Cash
€1.4m
2024 · €853,572+€498,768
Balance sheet total
€3.5m
2024 · €3.2m+€348,718
Largest movements
Assets
- Cash +€498,768
up €498,768 (+58.4%), from €853,572 to €1.4m
mainly Net result for the year (+€515,989) and Depreciation (+€114,137)
- Tangible fixed assets -€110,894
down €110,894 (-26.3%), from €421,639 to €310,745
of which Land and buildings: -€56,166
- Receivables within one year -€62,406
down €62,406 (-7.5%), from €827,549 to €765,142
of which Trade receivables: -€41,563
Equity and liabilities
- Reserves +€515,339
up €515,339 (+24.6%), from €2.1m to €2.6m
- Debts after one year -€185,000
down €185,000 (-27.8%), from €666,250 to €481,250
- Tax, wage and social debts +€56,558
up €56,558 (+61.9%), from €91,369 to €147,927
of which Taxes: +€56,019
Income statement
- Gross operating margin +€116,458
up €116,458 (+11.7%), from €998,004 to €1.1m
- Taxes +€39,262
up €39,262 (+23.5%), from €167,300 to €206,562
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
€436,020
Gross operating margin
+€116,458
Staff costs
-€7,582
Depreciation
+€4,714
Other operating charges
-€370
Other operating items
+€8,700
Financial income
+€2,323
Financial charges
-€5,012
Taxes
-€39,262
Result 2025
€515,989
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€708,978
Investment
-€8,286
Financing
-€201,925
Cash 2024
€853,572
From operations (derived)
+€708,978
Net result for the year
+€515,989
Depreciation
+€114,137
Stocks and contracts
-€15,862
Receivables within one year
+€62,406
Deferred charges and accrued income
-€2,345
Trade debts
-€27,348
Tax, wage and social debts
+€56,558
Other debts
-€762
Accrued charges and deferred income
+€6,205
Investment (derived)
-€8,286
Investment in fixed assets (net)
-€3,242
Current investments
-€5,044
Financing
-€201,925
Debts after one year
-€185,000
Current portion of long-term debt
-€16,275
Contributions, distributions and other
-€650
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,161,176 | €3,509,894 | +€348,718 | +11.0% |
| Fixed assets | 21/28 | €427,367 | €316,473 | -€110,894 | -25.9% |
| Tangible fixed assets | 22/27 | €421,639 | €310,745 | -€110,894 | -26.3% |
| Land and buildings | 22 | €249,852 | €193,686 | -€56,166 | -22.5% |
| Plant, machinery and equipment | 23 | €147,171 | €105,790 | -€41,381 | -28.1% |
| Furniture and vehicles | 24 | €21,363 | €8,536 | -€12,827 | -60.0% |
| Other tangible fixed assets | 26 | €3,253 | €2,733 | -€521 | -16.0% |
| Financial fixed assets | 28 | €5,728 | €5,728 | = | 0.0% |
| Current assets | 29/58 | €2,733,808 | €3,193,421 | +€459,612 | +16.8% |
| Stocks and contracts in progress | 3 | €142,458 | €158,321 | +€15,862 | +11.1% |
| Stocks | 30/36 | €20,740 | €36,568 | +€15,828 | +76.3% |
| Contracts in progress | 37 | €121,718 | €121,753 | +€35 | 0.0% |
| Amounts receivable within one year | 40/41 | €827,549 | €765,142 | -€62,406 | -7.5% |
| Trade receivables | 40 | €804,715 | €763,152 | -€41,563 | -5.2% |
| Other amounts receivable | 41 | €22,833 | €1,990 | -€20,843 | -91.3% |
| Current investments | 50/53 | €902,056 | €907,100 | +€5,044 | +0.6% |
| Cash at bank and in hand | 54/58 | €853,572 | €1,352,339 | +€498,768 | +58.4% |
| Deferred charges and accrued income | 490/1 | €8,173 | €10,518 | +€2,345 | +28.7% |
| Total equity and liabilities | 10/49 | €3,161,176 | €3,509,894 | +€348,718 | +11.0% |
| Equity | 10/15 | €2,114,178 | €2,629,518 | +€515,339 | +24.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,095,586 | €2,610,926 | +€515,339 | +24.6% |
| Distributable reserves | 133 | €2,095,586 | €2,610,926 | +€515,339 | +24.6% |
| Amounts payable | 17/49 | €1,046,997 | €880,376 | -€166,621 | -15.9% |
| Amounts payable after more than one year | 17 | €666,250 | €481,250 | -€185,000 | -27.8% |
| Financial debts | 170/4 | €666,250 | €481,250 | -€185,000 | -27.8% |
| Amounts payable within one year | 42/48 | €356,189 | €368,363 | +€12,173 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €31,275 | €15,000 | -€16,275 | -52.0% |
| Trade debts | 44 | €227,704 | €200,356 | -€27,348 | -12.0% |
| Suppliers | 440/4 | €227,704 | €200,356 | -€27,348 | -12.0% |
| Taxes, remuneration and social security | 45 | €91,369 | €147,927 | +€56,558 | +61.9% |
| Taxes | 450/3 | €47,754 | €103,774 | +€56,019 | +117% |
| Remuneration and social security | 454/9 | €43,615 | €44,154 | +€539 | +1.2% |
| Other amounts payable | 47/48 | €5,841 | €5,079 | -€762 | -13.0% |
| Accrued charges and deferred income | 492/3 | €24,558 | €30,763 | +€6,205 | +25.3% |
| Non-recurring operating income | 76A | €12,500 | - | -€12,500 | |
| Remuneration, social security and pensions | 62 | €261,233 | €268,815 | +€7,582 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,851 | €114,137 | -€4,714 | -4.0% |
| Other operating charges | 640/8 | €9,789 | €10,159 | +€370 | +3.8% |
| Non-recurring operating charges | 66A | €8,700 | - | -€8,700 | |
| Gross operating margin | 9900 | €998,004 | €1,114,463 | +€116,458 | +11.7% |
| Operating profit (loss) | 9901 | €599,431 | €721,352 | +€121,920 | +20.3% |
| Financial income | 75/76B | €34,366 | €36,689 | +€2,323 | +6.8% |
| Recurring financial income | 75 | €34,366 | €36,689 | +€2,323 | +6.8% |
| Financial charges | 65/66B | €30,478 | €35,489 | +€5,012 | +16.4% |
| Recurring financial charges | 65 | €30,478 | €35,489 | +€5,012 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €603,320 | €722,551 | +€119,231 | +19.8% |
| Income taxes | 67/77 | €167,300 | €206,562 | +€39,262 | +23.5% |
| Profit (loss) for the period | 9904 | €436,020 | €515,989 | +€79,970 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €436,020 | €515,989 | +€79,970 | +18.3% |
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 21 October 2026 via checked.be.