PREFATON: 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.
PREFATON
Largest movements
- Current investments -€480,000
no longer reported in 2025 (was €480,000)
- Cash +€265,151
up €265,151 (+588.3%), from €45,068 to €310,218
mainly Current investments (+€480,000) and Net result for the year (+€26,095)
- Receivables within one year +€252,351
up €252,351 (+158.7%), from €158,993 to €411,344
of which Other amounts receivable: +€248,067
- Tangible fixed assets -€16,088
down €16,088 (-75.5%), from €21,314 to €5,226
- Reserves +€26,095
up €26,095 (+4.1%), from €635,658 to €661,754
of which Distributable reserves: +€26,095
- Accrued charges and deferred income -€9,944
no longer reported in 2025 (was €9,944)
- Depreciation -€5,636
down €5,636 (-25.9%), from €21,724 to €16,088
- Financial income -€1,327
down €1,327 (-16.1%), from €8,250 to €6,923
- Taxes +€999
up €999 (+12.7%), from €7,876 to €8,875
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 | €714,797 | €734,530 | +€19,733 | +2.8% |
| Fixed assets | 21/28 | €21,314 | €5,226 | -€16,088 | -75.5% |
| Tangible fixed assets | 22/27 | €21,314 | €5,226 | -€16,088 | -75.5% |
| Land and buildings | 22 | €21,314 | €5,226 | -€16,088 | -75.5% |
| Current assets | 29/58 | €693,484 | €729,304 | +€35,821 | +5.2% |
| Amounts receivable within one year | 40/41 | €158,993 | €411,344 | +€252,351 | +158.7% |
| Trade receivables | 40 | €37,060 | €41,344 | +€4,285 | +11.6% |
| Other amounts receivable | 41 | €121,933 | €370,000 | +€248,067 | +203.4% |
| Current investments | 50/53 | €480,000 | - | -€480,000 | |
| Cash at bank and in hand | 54/58 | €45,068 | €310,218 | +€265,151 | +588.3% |
| Deferred charges and accrued income | 490/1 | €9,423 | €7,742 | -€1,681 | -17.8% |
| Total equity and liabilities | 10/49 | €714,797 | €734,530 | +€19,733 | +2.8% |
| Equity | 10/15 | €697,758 | €723,854 | +€26,095 | +3.7% |
| Contributions | 10/11 | €62,100 | €62,100 | = | 0.0% |
| Capital | 10 | €62,100 | €62,100 | = | 0.0% |
| Issued capital | 100 | €62,100 | €62,100 | = | 0.0% |
| Reserves | 13 | €635,658 | €661,754 | +€26,095 | +4.1% |
| Non-distributable reserves | 130/1 | €6,210 | €6,210 | = | 0.0% |
| Legal reserve | 130 | €6,210 | €6,210 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,382 | €4,382 | = | 0.0% |
| Distributable reserves | 133 | €625,067 | €651,162 | +€26,095 | +4.2% |
| Amounts payable | 17/49 | €17,039 | €10,676 | -€6,363 | -37.3% |
| Amounts payable within one year | 42/48 | €7,095 | €10,676 | +€3,581 | +50.5% |
| Trade debts | 44 | €74 | €150 | +€76 | +101.9% |
| Suppliers | 440/4 | €74 | €150 | +€76 | +101.9% |
| Taxes, remuneration and social security | 45 | €6,796 | €10,302 | +€3,505 | +51.6% |
| Taxes | 450/3 | €6,796 | €10,302 | +€3,505 | +51.6% |
| Other amounts payable | 47/48 | €225 | €225 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,944 | - | -€9,944 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,724 | €16,088 | -€5,636 | -25.9% |
| Other operating charges | 640/8 | €5,461 | €5,633 | +€171 | +3.1% |
| Gross operating margin | 9900 | €50,969 | €50,486 | -€483 | -0.9% |
| Operating profit (loss) | 9901 | €23,784 | €28,766 | +€4,982 | +20.9% |
| Financial income | 75/76B | €8,250 | €6,923 | -€1,327 | -16.1% |
| Recurring financial income | 75 | €8,250 | €6,923 | -€1,327 | -16.1% |
| Financial charges | 65/66B | €674 | €718 | +€44 | +6.5% |
| Recurring financial charges | 65 | €674 | €718 | +€44 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €31,360 | €34,971 | +€3,611 | +11.5% |
| Income taxes | 67/77 | €7,876 | €8,875 | +€999 | +12.7% |
| Profit (loss) for the period | 9904 | €23,484 | €26,095 | +€2,612 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,484 | €26,095 | +€2,612 | +11.1% |
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 9 October 2026 via checked.be.